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    Top Companies Report

    28. Xiangjiang Paint Group

    ...

    28. Xiangjiang Paint Group
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    Changsha, Hunan, China
    www.xitlgroup.cn

    PRIVATE COMPANY; YEAR ESTABLISHED: 1950

    REVENUE: $538 million

    MARKETS SERVED
    General industrial coatings, Architectural coatings, Powder coatings

    KEY EXECUTIVES:
    Xu Yin, chairman of the board; board members: Ming Xiancheng, Huang Lifeng, Xie Wei; Shoubing Liu, technical director.

    Xiangjiang Paint Group is headquartered in Changsha, Hunan and has more than 2,200 employees. The company has four facilities throughout China. Ninety-eight percent of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $538.8 million in 2018. As the Chinese government continues to increase environmental regulations Xiangjiang Paint has increased its R&D focus on waterborne and high solids coatings products, bringing a number of new products to market. These include waterborne automotive and construction machinery coatings and high solids anti-corrosion coatings. 
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