IP unveils headquarters in Singapore

Singapore was selected as the location due to its strategic importance to customers and the wider shipping industry, as well as its central location within Asia.

Speaking at the opening ceremony, Oscar Wezenbeek, Director sBU Marine Coatings, International Paint said: "International Paint is a global leader in marine coatings and we have a proud reputation for supplying coatings based on innovative technology to some of the biggest names in world shipping and shipbuilding.

"We have a long history of service to the industry with our origins stretching back more than 120 years to our founding on the banks of the river Tyne in Newcastle, England. Headquartering our business at this time in Singapore will further enhance our global position and will facilitate the development of growing markets in Asia Pacific. With Singapore’s owned tonnage being one of the highest in the world and with China, South Korea and Japan representing nearly 90% of the world’s new building capacity and China now leading in the number of dry docks and dry dockings, Asia will be an increasingly important market for us in the future.”