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INDUSTRIAL NEWS
Sun, 07 Apr 2013
Chinese coatings market to be open
September 10 paint brands in Hong Kong Bauhinia Paints "concentrate the lacquer art three decades Anniversary celebrations held in Shanghai. Bauhinia Paints Ye Jun, general manager, told the media that the continued weakness in the face of the global economic environment, Bauhinia paint still significant gains in the first half of 2012, a record high of the coatings business, a year-on-year growth of 19%, sales increased by 15%. Bauhinia paint Yip Group, the parent company to achieve earnings per share growth of 20% in the first half of this year.


The industry believes that the coatings market in the next few years, there is still much room for development. Paint companies need to do is market segments, to develop marketable paint products. Single product structure in the case of profit thinning, reduced market share, has been unable to meet the demand of the market. Under the new situation, the paint companies need to adjust the product structure, the implementation of multi-category operations. "Currently, the market share of Bauhinia paint is still and several other foreign-funded enterprises, but enterprises have great confidence in the Chinese market, of Bauhinia Paints in the coatings varieties advantages will gradually appear." Ye Jun said. It is estimated that 20% of the market share of the latex paint from Dulux and Nippon occupy. Paint for a mature market, the market share of 20% is not enough, this will be opportunities for other paint companies.


It is understood that, in 2002, the Bauhinia paint Shanghai Qingpu production base was established; 2011, the the Shanghai Jinshan production base foundation, the estimated total value of $ 40 billion; Bauhinia Paints has 15 manufacturing plants across China and in China there are more than 1600 stores and more than 3,000 sales outlets.


"Bauhinia Paints Parent Group - Yip Group's medium and long term goals, the individual plant banded together, and gradually become 'Yip' factory 'of the various types of products in different regions, different plant and achieve give full play to the procurement advantages. "said Yip Tsz Hin, Chairman of the Executive Committee of Yip's Chemical Holdings, the profits of some of China's small and medium-sized paint companies barely enough to maintain the day-to-day operations, industry reshuffle in recent years, the paint companies only focus on the integration of resources, focus on green square can win a share in the market.
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