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