JAPANESE AUTO PAINT MANUFACTURERS SETTING UP FACILITIES IN THEIR TARGET MARKETS
September 1st, 2016
Japan's automobile manufacturers are increasingly looking to set up plants in – or, at least, very close to – their target markets, and paint companies with expertise in the auto coatings sector are following their lead.
"In 2015, the overall Japanese paints and varnishes market recorded 0.3 per cent growth, with producers struggling to remain competitive because production in Japan is pricier due to environmental requirements and higher labour costs," said Andrius Balsys, a research analyst who monitors the paints sector for London-based market researcher, ...
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