Letter from our President
Welcome to Red Spot Paint & Varnish Co., Inc. updated corporate website. We appreciate your visit to our site and interest in our company. Red Spot was founded in 1903 in Evansville, IN and our corporate headquarters and primary North American manufacturing facility is located in Evansville today. With this strong foundation of success, we look forward to new and innovative ways to add value to our products and experience.
From our Evansville and Westland, MI Facilities, we ship coatings literally all over the globe, supporting both our core automotive OEM customers, as well as the other markets we serve. In 2008, we were purchased by Fujikura Kasei, Ltd., a partner we have had license agreements with dating back to the early 1970s, as well as a strategic global alliance beginning in 2000. Fujikura Kasei mirrors many of our products and markets, as well as key customers in Asia, so we are well positioned to move forward, leveraging, and managing our business together in a true synergistic fashion.
When I am asked what traits and behaviors our company best exhibits, innovation and execution, while obsessing over our customers optimizing the customer experience of using our products and services. Red Spot continues to be a technology driven company, investing over 10% of our revenues each year in R&D. To meet the demands of an increasingly global, competitive marketplace, we must have an uncompromising focus on delivering value to the market, and our customers in terms of performance, cost, ease of use, support, and sustainability.
Every decision our management team makes is predicated on making the world a better place environmentally. This is not easy when many of our raw materials are petroleum based resins, solvents, additives, and pigments. But reducing our carbon footprint and being a good environmental neighbor is critical to all our futures. Its part of our culture and metrics.
We continue to implement our growth strategy, which is about driving growth in three dimensions. First, our core business, which includes automotive exterior, lighting, and interior coatings. Our customers include BWW, Chrysler, Daimler, Fiat, Ford, General Motors, Honda, Hyundai, Nissan, Toyota, and VW in North America. Second, new markets and initiatives that expand our core competencies in innovative coatings solutions to new markets such as alternative energy, heavy truck, sports, film and sheet, and containers. And third, geographic expansion/focus in our strategic growth markets of Brazil, China, India, Mexico, South America, and South Korea.
All of this will be possible through our commitment to and by our people. Red Spot has a very strong, committed group of chemists, product specialists, technical sales, technical field application specialists, analytical science, and other groups focused daily on your needs and future wants. I hope you will get to know us better in the future.
We are here for you and ready to help solve your coating needs.
Thank you for your past support and future consideration.
President and CEO