YEAR ESTABLISHED: 1993
REVENUE: $533 million
• Architectural and industrial
Donghang Qiu, chairman and president; Shuchao CAO,vice president; Xiaobo Lu, vice chairman of the board and group general manager; Changhuai Zhou, marketing director; Daimin Wang, technical director.
In 2014, Carpoly’s sales were $533 million, an increase of nine percent. Carpoly offers products and services to the furniture and decorative paints market. The company has 2,700 employees, six production facilities located in Guangdong, Shanghai, Sichuan and Hebei, approximately 2,400 direct distributors and more than 16,000 points of sales throughout China. According to Changhuai Zhou, marketing director 2014, the Chinese paint industry was still facing challenge and opportunity. “The low concentration of industry and homogenization of the competition didn’t improve effectively, which led to low porfit margin of enterprises. With the rise of emerging industries, the coating industry will have broad market prospects, and the mature competition in the market will increase the industrial concentration.”