MINNEAPOLIS, July 5, 2016 /PRNewswire/ -- The Valspar
Corporation announced that it is expanding production capacity at
its Singapore facility to meet
increased demand for its food and beverage packaging products in
the Asia Pacific region. The
expansion is expected to come on line in 2017.
"This investment represents another important milestone in our
growth strategy for the region," said Louie
Wang, managing director of Valspar's Asia Pacific Packaging
business. "We have been experiencing strong growth, and this
expansion, along with Valspar's recent capacity increase in
China, positions us well to
continue to meet rising customer demand. Valspar is the global
technology leader in coatings for metal packaging, and as
governments, industry and consumers show increased interest in
high-performance products, Valspar is ready to deliver."
The capacity increase will enable Valspar to manufacture higher
volumes of both existing and new technologies, including non-BPA
coating solutions for the food and beverage markets.
Valspar is the No. 1 metal packaging coatings solutions provider
in the world. Across all of Valspar's packaging solutions, the
company adds value to can makers, end makers and brand owners
through its technology leadership, regulatory expertise and
best-in-class technical service. Valspar provides complete
packaging solutions to reduce costs, improve performance and
protect the quality of brands and products.
For more information about Valspar Packaging, visit
www.valsparpackaging.com.
Valspar: If it matters, we're on it.
®
Valspar is a global leader in the coatings
industry providing customers with innovative, high-quality products
and value-added services. Our 11,100 employees worldwide deliver
advanced coatings solutions with best-in-class appearance,
performance, protection and sustainability to customers in more
than 100 countries. Valspar offers a broad range of superior
coatings products for the consumer market, and highly-engineered
solutions for the construction, industrial, packaging and
transportation markets. Founded in 1806, Valspar is headquartered
in Minneapolis. Valspar's reported
net sales in fiscal 2015 were $4.4
billion and its shares are traded on the New York Stock
Exchange (symbol: VAL). For more information, visit www.valspar.com
and follow @valspar on Twitter.
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SOURCE Valspar Corporation