Valspar News

SEP-09-2005

Corus Packaging Plus and Valspar announce strategic joint polymer coatings development program

News release


9 September 2005


Corus Packaging Plus and Valspar announce strategic joint polymer coatings development program


Corus Packaging Plus, a leading packaging steel producer, and Valspar, a leading coatings manufacturer, have announced the formation of a joint polymer coatings development program. The program's main objective is to expand Corus' ProtactÒ polymer-coated steel business and provide the market with a range of high performance, customized coated metal systems.

Setting the standard
The agreement between the category leaders was born out of a shared vision of the future potential that polymer coatings for steel packaging bring to various markets.

Polymer-coated steel from Corus Packaging Plus is an established packaging material in the market place. Corus is committed to accelerate the usage of this technologically advanced material and thus to grow the market for existing and new applications. "Valspar and Corus Packaging Plus each bring something unique to this relationship. We bring unparalleled knowledge about the manufacturing of the material and its processing, and Valspar brings expertise in coatings for rigid metal packaging", said Malcolm McOmish, Managing Director of Corus Packaging Plus. "Utilizing this joint expertise allows us to set the standard for polymer-coated packaging steel." Adds Don Nolan, Senior Vice President of Valspar: "As the leading supplier of rigid packaging coatings we see great potential for polymer-coated steel and are committed to further develop the technical properties of these coated substrates."

Technologically Advanced Products
Corus Packaging Plus markets its polymer-coated steel for packaging applications mainly under the brand name Protact. Protact is used in a range of packaging applications like food cans, closures, aerosol (components), paint can rings and bottoms. Corus also produces Ferrolite, a well-established polymer-coated steel, used for aerosol components and other uses. As the coating is developed to meet specific packaging demands, polymer-coated steel delivers product protection, convenience and shelf appeal.

Solid reputations
The Valspar Corporation is a global leader in the paint and coatings industry. Since 1806, Valspar has been dedicated to bringing customers the latest innovations, the finest quality and the best customer service in the industry. Headquartered in Minneapolis, Valspar has manufacturing and warehouse sites throughout the world. For additional information on Valspar or its products, please visit www.valspar.com.

Corus Packaging Plus is a business unit within Corus. It is one of Europe's leading players in the packaging market supplying a comprehensive range of high quality products including polymer-coated steel. Corus Packaging Plus supplies light gauge steel to more than 50 countries worldwide from plants in The Netherlands, the United Kingdom, Norway and Belgium. The commercial headquarters of Corus Packaging Plus is at IJmuiden, The Netherlands.
For additional information please visit www.coruspackaging.com


For further information contact:

Roger Steens, Marketing Manager
Corus Packaging Plus
PO Box 10.000
1970 CA IJmuiden, The Netherlands
Tel +31 (0)251 493005
Fax +31 (0)251 470051
roger.steens@corusgroup.com

Lynn Spataro, Market Manager
Valspar
2001 Tracy Street
Pittsburgh, PA 15233
Tel +1 412 734 8544
Fax +1 412 766 8953
lspataro@valspar.com

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