Tennessee Governor Bill Lee, Department of Economic and Community Development Commissioner Bob Rolfe and Nippon Paint (USA) Inc. CEO Tetsuro Fujita announced today that Nippon Paint will invest approximately $60 million to establish a facility in Chattanooga.
Nippon Paint (USA) will create 150 jobs in Hamilton County over the next five to seven years.
A wholly-owned subsidiary of Japan-based Nippon Paint Holdings Co., Ltd., the world’s fourth largest paint and coatings manufacturer, Nippon Paint (USA) Inc. and its subsidiaries manufacture and distribute paints and coatings for the architectural, automotive and industrial coatings markets.
The company will construct a 270,000-square-foot facility in Chattanooga that is expected to leverage some of the most advanced technologies available to optimize productivity and sustainability. Nippon Paint (USA)’s new Tennessee plant will produce automotive E-Coat and topcoat. The facility will be the first of Nippon Paint’s U.S. plants to manufacturer E-Coat for its customers in the U.S., Canada and Mexico. Construction is expected to begin in January 2020.
“Locating this project on the Tubman site is part of an overall strategy to locate jobs and investment in areas that have traditionally seen disinvestment,” says Charles Wood, Vice President of Economic Development, Chattanooga Chamber of Commerce. “Our hope with this project is that the community will be able to leverage it for additional investment and community development in East Chattanooga.”
About Nippon Paint (USA) Inc.
Nippon Paint (USA) Inc. was established in 1990 as a wholly owned subsidiary of Nippon Paint Holdings Co., Ltd. of Osaka, Japan. The company operates as a regional headquarters and its subsidiaries include Dunn-Edwards Corporation, NPA Coatings, Inc., NB Coatings, Inc. and Nippon Paint Automotive Americas, Inc., manufacturers of high quality architectural, automotive and industrial paints and coatings. Nippon Paint (USA)’s mission is to enhance Nippon Paint’s position in the Americas by facilitating the successful achievement of the goals of the Nippon Paint Group companies.
About Nippon Paint Holdings Co., Ltd. (NPHD)
Nippon Paint Holdings Co., Ltd. (NPHD), headquartered in Osaka, Japan was established in 1881 and today is a leader in the global paint and coatings industry. Its managing principle is to contribute to the welfare of society as a whole; through its business activities, working together for the mutual harmony and benefit of everyone. It is Nippon Paint's vision to expand globally as a specialty chemical company, offering high value-added coatings. Additionally, it is their fundamental commitment to become a trusted, eco-friendly company that helps protect the environment.