07.14.11
41 Carpoly Chemical Group
MARKETS SERVED
Jiangmen, Guangdong Province, China
PRIVATE COMPANY
YEAR ESTABLISHED: 1993
REVENUE: $311 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
KEY EXECUTIVES
Qiming Qiu, president; Shuchao Cao, chairman; Youwei Xu, vice board chairman and marketing manager; General division managers: Daimin Wang, technology center; Dewu Liao, home decoration; Wenhua Zhao, furniture paint; Lide Xu, architectural paint; Yanan Zhu, water-based paint; Kuigang Guo, ink; Qiang Zhou, Shanghai Carpoly; Shukun Wang, Sichuan Carpoly; Xiaobo Lu,
Hebei Carpoly.
As China’s coatings market continues to expand rapidly, domestic paint manufacturers like Carpoly Chemical Group are gaining more exposure on the world stage. Carpoly Group, founded in 1993, is today China’s largest domestic coatings manufacturer with sales of approximately $311 million in 2010. In 1993, the Carpoly brand was created in Shunde and in 1999, Xinhui Carpoly Chemical Co., Ltd., was established in Jiangmen. By the end of 2009, the Carpoly Group formally upgraded, with four regional companies in Guangdong, Sichuan, Shanghai and Hebei provinces. In 2010, Carpoly Group integrated Fabrico Chemical Co., Ltd. and Guangdong Zhenggao Industrial Co., Ltd. for IPO, and expanded the area of its business to range from paint to ink and packaging areas. Nearly all of Carpoly’s paint sales are in the architectural segment—96 percent—while just one percent is from industrial coatings sales. The remaining three percent is attributable to the sale of ink products.
As China’s coatings market continues to expand rapidly, domestic paint manufacturers like Carpoly Chemical Group are gaining more exposure on the world stage. Carpoly Group, founded in 1993, is today China’s largest domestic coatings manufacturer with sales of approximately $311 million in 2010. In 1993, the Carpoly brand was created in Shunde and in 1999, Xinhui Carpoly Chemical Co., Ltd., was established in Jiangmen. By the end of 2009, the Carpoly Group formally upgraded, with four regional companies in Guangdong, Sichuan, Shanghai and Hebei provinces. In 2010, Carpoly Group integrated Fabrico Chemical Co., Ltd. and Guangdong Zhenggao Industrial Co., Ltd. for IPO, and expanded the area of its business to range from paint to ink and packaging areas. Nearly all of Carpoly’s paint sales are in the architectural segment—96 percent—while just one percent is from industrial coatings sales. The remaining three percent is attributable to the sale of ink products.
