PRIVATE COMPANY; YEAR ESTABLISHED: 1999
REVENUE: $373 million
Architectural and industrial coatings
Donghang Qiu, chairman of the board; Shuchao Cao, VP; Xiaobo Lu, group GM and marketing director; Ronghua Chen, technical director.
Carpoly offers products and services to the furniture and decorative paints market. The company has 3,500 employees, eight production facilities located in Guangdong, Shanghai, Sichuan and Hebei; approximately 2,100 direct distributors and more than 15,000 points of sales throughout China. In 2018 the group restructured its project businesses by grouping façade coatings, floor coatings and EIFS. The newly formed business division was named The Grand Architectural Paint Division and it enjoyed a high speed growth in the first year. The success was marked by synergies in entering into cooperation with top real estate developers.