08.02.21
Changsha, Hunan, China
www.xitlgroup.cn
PRIVATE COMPANY; YEAR ESTABLISHED: 1950
REVENUE: $523 million
MARKETS SERVED
General industrial coatings, Architectural coatings, Powder coatings
KEY EXECUTIVES:
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. 98% of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $568 million in 2020.
Success Story:
In 2020 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, sensing a large number of small and medium-sized enterprises into difficulties. In the face of the industry situation, the company increased its water-borne coatings, high solid coatings and powder coatings and R & D investment, and a number of new products were gradually put into the market. At the same time, the compnay strengthened the control and treatment of VOCs in the production process to ensure continuous and stable production. As a result, the company has achieved stable growth. The company invested in a new industrial paint production base to complete the installation of equipment.
www.xitlgroup.cn
PRIVATE COMPANY; YEAR ESTABLISHED: 1950
REVENUE: $523 million
MARKETS SERVED
General industrial coatings, Architectural coatings, Powder coatings
KEY EXECUTIVES:
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. 98% of the company’s sales are general industrial coatings; the rest is comprised of architectural and powder coatings. The company generated revenue of $568 million in 2020.
Success Story:
In 2020 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, sensing a large number of small and medium-sized enterprises into difficulties. In the face of the industry situation, the company increased its water-borne coatings, high solid coatings and powder coatings and R & D investment, and a number of new products were gradually put into the market. At the same time, the compnay strengthened the control and treatment of VOCs in the production process to ensure continuous and stable production. As a result, the company has achieved stable growth. The company invested in a new industrial paint production base to complete the installation of equipment.
