PRIVATE COMPANY; YEAR ESTABLISHED: 1950
REVENUE: $538 million
General industrial coatings, Architectural coatings, Powder coatings
Xu Yin, chairman of the board; board members: Ming Xiancheng, Huang Lifeng, Xie Wei; Shoubing Liu, technical director.
Xiangjiang Paint Group is headquartered in Changsha, Hunan and has more than 2,200 employees. The company has four facilities throughout China. Ninety-eight percent of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $538.8 million in 2018. As the Chinese government continues to increase environmental regulations Xiangjiang Paint has increased its R&D focus on waterborne and high solids coatings products, bringing a number of new products to market. These include waterborne automotive and construction machinery coatings and high solids anti-corrosion coatings.