Norwegian owned paint producer Jotun Paints Vietnam plans to invest additional US$5 million this year to expand its production facility and subsequently, its capacity to produce 10 million liters annually, up from its current 1.3 million liters.
The company will also this year diversify its products to include paints for residential housing. Currently, it offers paints for use in the marine and industrial sectors.
At Jotun Vietnam’s 5th anniversary celebration late last week, general director Martin Chew boasted that Jotun is a pioneer in using a computerised automatic colour-mixing system and its technology gives customers the ability to choose among 16,000 decorative paint colours in a matter of minutes.
Jotun paint first entered the Vietnamese market in 1992 as an import. In 1997, the producer put its $6.3 million factory into production in Binh Duong Province.
