Changsha, Hunan, China
www.xitlgroup.cn
PRIVATE COMPANY; YEAR ESTABLISHED: 1950
REVENUE: $588.4 million
MARKETS SERVED:
General industrial coatings, Architectural coatings, Powder coatings
KEY EXECUTIVES:
Xu Yin, chairman of the board; board members: Wang Bing, Xie Wei, Ding Bin; Liu Yinghao, marketing director; Liu Shoubin, technical director.
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.
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
