07.29.22
Materials Group
Shanghai, China
www.baucoatings.com
Headquartered in Shanghai, Bauhinia Coatings Group manufacturers decorative coatings, furniture coatings and architectural coatings. Approximately 50% of the company’s sales are in architectural and decorative markets, while 35% is in the general industrial and industrial maintenance segments.
For Bauhinia Advanced Materials Group, 2021 was an extraordinary year. First, the entire coatings industry encountered a significant rise in raw material prices. For individual raw materials, such as solvents, titanium dioxide and emulsions, the growth rate ranged from 35% to 60%. Second, the Mainland real estate developers faced disruptions in capital chain under the tightening of property regulations, so the real estate-related industries also suffered immense impacts.
The advanced materials group quickly responded and adjusted its strategy. With its effective expansion strategy, the advanced materials group’s sales revenue reached HK$2.04 billion in 2021, a year-on-year increase of 41%. However, the gross profit margin was under significant pressure because the raw material prices rose sharply, which could not be fully passed on to downstream customers.
Bauhinia Advanced Materials Group produces architectural paints and coatings at its manufacturing sites in Shanghai, Guangdong and Chengdu, while Guangdong also produces industrial coatings and resins. Among Bauhinia’s best-known architectural brands are Bauhinia Paints, Camel, Aquapro and VIVA. Hang Cheung is the company’s industrial coatings brand.
Bauhinia Advanced Materials Group will expand the retail network of water-based coating products revolving mainly the Bauhinia and Camel brands in the coming year.
Shanghai, China
www.baucoatings.com
PRIVATE COMPANY; YEAR ESTABLISHED: 1971
REVENUE: $260 million
MARKETS SERVED
Decorative coatings; Furniture coatings; Architectural coatingsKEY EXECUTIVES:
Fung Ping Kwong, co-president; Chan Chuen Sang, co-president; Ji Luning, coatings marketing director; Cheung Yat Hong, technical director.Headquartered in Shanghai, Bauhinia Coatings Group manufacturers decorative coatings, furniture coatings and architectural coatings. Approximately 50% of the company’s sales are in architectural and decorative markets, while 35% is in the general industrial and industrial maintenance segments.
For Bauhinia Advanced Materials Group, 2021 was an extraordinary year. First, the entire coatings industry encountered a significant rise in raw material prices. For individual raw materials, such as solvents, titanium dioxide and emulsions, the growth rate ranged from 35% to 60%. Second, the Mainland real estate developers faced disruptions in capital chain under the tightening of property regulations, so the real estate-related industries also suffered immense impacts.
The advanced materials group quickly responded and adjusted its strategy. With its effective expansion strategy, the advanced materials group’s sales revenue reached HK$2.04 billion in 2021, a year-on-year increase of 41%. However, the gross profit margin was under significant pressure because the raw material prices rose sharply, which could not be fully passed on to downstream customers.
Bauhinia Advanced Materials Group produces architectural paints and coatings at its manufacturing sites in Shanghai, Guangdong and Chengdu, while Guangdong also produces industrial coatings and resins. Among Bauhinia’s best-known architectural brands are Bauhinia Paints, Camel, Aquapro and VIVA. Hang Cheung is the company’s industrial coatings brand.
Bauhinia Advanced Materials Group will expand the retail network of water-based coating products revolving mainly the Bauhinia and Camel brands in the coming year.