COMPANY
History of Chugoku Marine Paints
1917
May:
Founded in Naka-ku, Hiroshima City under the name of China Chemical Industry Limited Partnership, and began manufacturing hull coating.
1923
May:
Reorganized as Chugoku Marine Paints, Ltd. with a capital of 250,000 yen.
1949
Jul:
Listed on the Hiroshima Stock Exchange (merged with the Tokyo Stock Exchange in March 2000).
1961
Oct:
Listed on the Second Section of the Tokyo Stock Exchange.
1962
Mar:
Established Shiga Factory in Yasu City, Shiga Prefecture.
1973
Oct:
Established Chugoku Marine Paints (Hong Kong), Ltd. in Hong Kong as a local consolidated subsidiary.
1975
Mar:
Established Kyushu Factory in Kanzaki-gun, Saga Prefecture.
1980
Apr:
Established Chugoku Marine Paints (Singapore) Pte., Ltd. in Singapore as a local consolidated subsidiary.
1983
Mar:
Established Chugoku Paints (UK) Ltd. (formerly CAMREX CHUGOKU Ltd.) in the UK as a local consolidated subsidiary.
Established Chugoku Marine Paints (Taiwan), Ltd. in Taiwan as a local consolidated subsidiary.
1984
Sep:
Reassigned to the First Section of the Tokyo Stock Exchange.
1985
Oct:
Established Ohtake-Meishin Chemical Co., Ltd. (formerly Otake Chemical Co., Ltd.) as a consolidated subsidiary in Otake City, Hiroshima Prefecture.
1987
Aug:
Established consolidated subsidiaries Chugoku Paints Marine Sales Co., Ltd. (formerly Chugoku Marine Paints Sales Co., Ltd.) and
Chugoku Paints Industry & Sales Co., Ltd. (formerly Chugoku Paints Kanto Sales Co., Ltd.).
Oct:
Established Otake Factory in Otake City, Hiroshima Prefecture.
1988
Jan:
Acquired an equity stake in Chugoku Paints B.V. (formerly CAMREX HOLDINGS B.V.), a coating manufacturing company in the Netherlands, making it a consolidated subsidiary.
Oct:
Established P.T. Chugoku Paints Indonesia in Indonesia as a local consolidated subsidiary.
Established Chugoku Samhwa Paints, Ltd. in South Korea as a local consolidated subsidiary.
1989
Sep:
Established TOA-Chugoku Paints Co., Ltd. in Thailand as a local consolidated subsidiary.
1990
Jul:
Established Chugoku Paints (Malaysia) Sdn. Bhd. in Malaysia as a local consolidated subsidiary.
Oct:
Established CMP Coatings, Inc. (formerly CHUGOKU AMERICA HOLDINGS, Inc.) in the US as a local consolidated subsidiary.
1993
Jan:
Established Chugoku Marine Paints (Shanghai), Ltd., in China (Shanghai) as a local consolidated subsidiary.
1994
Mar:
Established a research center in Otake City, Hiroshima Prefecture.
Dec:
Acquired an equity stake in Kobe Paints, Ltd., making it a consolidated subsidiary.
1997
Oct:
Established Chugoku Marine Paints (Guangdong), Ltd., in China (Guangdong Province) as a local consolidated subsidiary.
1999
Nov:
Relocated the head office to Otake City, Hiroshima Prefecture.
2002
Jan:
Absorbed consolidated subsidiaries Chugoku Paints Marine Sales Co., Ltd. and Chugoku Paints Industry & Sales Co., Ltd. through merger.
Sep:
Chugoku Samhwa Paints, Ltd., a local consolidated subsidiary in South Korea, established a new factory.
2006
Nov:
Chugoku Marine Paints (Shanghai), Ltd., a local consolidated subsidiary in China (Shanghai), relocated and expanded its factory within the same district.
2007
Nov:
Relocated the Tokyo Head Office to Kasumigaseki, Chiyoda-ku.
2010
Mar:
Chugoku Marine Paints (Shanghai), Ltd., a local consolidated subsidiary in China (Shanghai), established a second factory.
2011
May:
Established Chugoku Paints (India) Pvt. Ltd., in India (Mumbai) as a local consolidated subsidiary.
2012
Nov:
Acquired an equity stake in the Italian coating sales company CHUGOKU-BOAT ITALY S.p.A., making it a consolidated subsidiary.
2017
Mar:
Chugoku Paints B.V., a local consolidated subsidiary in the Netherlands, constructed a new factory.
May:
100th anniversary of founding.
2019
Jan:
Established Chugoku-TOA Paints (Myanmar), Ltd., in Myanmar as a local consolidated subsidiary.
2020
Aug:
Chugoku-TOA Paints (Myanmar), Ltd., a local consolidated subsidiary in Myanmar, established a new factory.
2022
Apr:
Transitioned from the First Section of the Tokyo Stock Exchange to the Prime Market due to the restructuring of the Tokyo Stock Exchange market segments.
2025
Mar:
Relocated the Tokyo Head Office to Toranomon, Minato-ku.