PRIVATE COMPANY; YEAR ESTABLISHED: 1950
REVENUE: $538.98 million
General industrial coatings, Architectural coatings, Powder coatings
Xu Yin, chairman of the board; board members: Wang Bing, Xie Wei, Gao Shangju; Shoubing Liu, technical director.
Xiangjiang Paint Group has more than 2,200 employees. The company has four facilities throughout China. 96.8 percent of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $538.98 million in 2019.
“In 2019 China increased the intensity of safety and environmental protection. With the advance of supply-side reform, it promoted the transformation and upgrading of enterprises, adjusted the product structure, accelerated the transformation of green coatings in the paint industry, and at the same time brought about a substantial increase in cost. Competition intensified, a large number of small and medium-sized enterprises into difficulties. In the face of the industry situation, the company through increasing the water-borne coatings, high solid coating and powder coatings product system R & D investment, a number of new products gradually put into the market, has a positive impact on the market. At the same time, strengthen the control and treatment of VOC in the production process to ensure the continuous and stable production of the company, the company has achieved stable growth.” -Xu Yin, chairman of the Board