Markets Served: General industrial coatings, Architectural coatings, Powder coatings

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China, with 98.3% of the company’s sales general industrial coatings, architectural 0.63% and powder coatings 1.04%.

Success Story:

In 2024, due to the downturn in the real estate industry, the competition in China’s coating market is fierce, enterprises transformed and upgraded through products structure adjustment, and a large number of small and medium-sized enterprises will be in trouble. At the same time, some architectural coatings companies have entered industrial coatings, resulting in extremely fierce competition in the industrial coatings market.

In the face of the industry situation, the company through increasing waterborne coatings, high solids coatings and powder coatings product system R&D investment, a number of new products gradually put into the market, has a positive impact on the market.

Executive Team:

Xu Yin, Chairman of the Board

Qin Feng, Board Member

Ming Xiancheng, Board Member

Wang Bing, Board Member

Xie Wei, Board Member

Ding Bin, Board Member

Huang li Board Member

Markets Served: General industrial coatings, Architectural coatings, Powder coatings

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 98.3% of the company’s sales are general industrial coatings, architectural 0.73% and powder coatings 0.94%. The company generated revenue of $588.4 million in 2023.

Success Story: In 2023 China increased the intensity of safety and environmental protection. It promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry, and competition intensified. Due to the continuation of COVID-19 material costs fluctuating substantially, a large number of small and medium-sized enterprises faced difficulties. In the face of the industry situation, the company increased waterborne coatings, high solid coating and powder coatings product system R&D investment. A number of new products were gradually put into the market, which has a positive impact on the market.

Markets Served: General industrial coatings, Architectural coatings, Powder coatings

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 95.8% of the company’s sales are general industrial coatings, architectural 1.3% and powder coatings 0.9%. The company generated revenue of $588.4 million in 2022.

Success Story: In 2022 China increased the intensity of safety and environmental protection, promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry, and competition intensified. Due to the continuation of COVID-19, material costs fluctuated substantially causing a large number of small- and medium-sized enterprises into difficulties. In the face of this industry situation, the company through increasing waterborne coatings, high solids coating and powder coatings product system R&D investment, developed a number of new products that have had a positive impact on the market.

Markets Served: General industrial coatings, Architectural coatings, Powder coatings

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 98.3% of the company’s sales are general industrial coatings, architectural 1.7% and powder coatings 1%. The company generated revenue of $639.4 million in 2021.

Success Story: In 2021 China increased the intensity of safety and environmental protection, it promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry and at the same time brought about a substantial increase in cost. Competition intensified. Due to the continuation of COVID-19, a large number of small and medium-sized enterprises experienced difficulties. In the face of the industry situation, the company, through increasing R&D investment in waterborne coatings, high solids coatings  and powder coatings, launched a number of new products, having a positive impact on the market.

Markets Served: General industrial coatings, Architectural coatings, Powder coatings

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 98% of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $568 million in 2020.

Success Story: In 2020 China increased the intensity of safety and environmental protection. With the advance of supply-side reform, it promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry, and at the same time brought about a substantial increase in cost. Competition intensified, sensing a large number of small and medium-sized enterprises into difficulties. In the face of the industry situation, the company increased its  water-borne coatings, high solid coatings and powder coatings and R & D investment, and a number of new products were gradually put into the market. At the same time, the compnay strengthened the control and treatment of VOCs in the production process to ensure continuous and stable production. As a result, the company has achieved stable growth. The company invested in a new industrial paint production base to complete the installation of equipment.

Markets Served: General industrial coatings, Architectural coatings, Powder coatings
KEY EXECUTIVES:

Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 96.8 percent of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $538.98 million in 2019.

Success Story: “In 2019 China increased the intensity of safety and environmental protection. With the advance of supply-side reform, it promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry, and at the same time brought about a substantial increase in cost. Competition intensified, a large number of small and medium-sized enterprises into difficulties. In the face of the industry situation, the company through increasing the water-borne coatings, high solid coating  and powder coatings product system R & D investment, a number of new products gradually put into the market, has a positive impact on the market. At the same time, strengthen the control and treatment of VOC in the production process to ensure the continuous and stable production of the company, the company has achieved stable growth.” -Xu Yin, chairman of the Board

Markets Served: General industrial coatings, Architectural coatings, Powder coatings

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.