Tim Wright05.29.08
China's economic growth continues to be a remarkable story. The growth of China's coatings industry also continues to be a major success. Coatings output increased from 2.98 million tons in 2004 to 3.82 million tons in 2005, while sales revenue rose by 21.84% to $9.14 billion in 2005. Total profit reached $550 million, a rise of 19% over the previous year.
The world's top ten coatings companies now have at least one manufacturing base in China, while the presence of innumerable joint ventures for raw material products are providing support to the industry.
As the world's business community watches China's miraculous growth, the Chinese coatings industry has, meanwhile, achieved remarkable growth. One important driver is the continuing shift of industrial manufacturing of consumer goods from Western Europe and the U.S. to China, including manufacture of IT, domestic appliances, furniture and automotives.
The need for coatings in China is clear. After all, the country is undergoing the world's largest construction boom. The 2008 Beijing Olympics this summer, plus the 2010 World Expo, to be held in Shanghai, and the 2010 Asia Games to be hel
The world's top ten coatings companies now have at least one manufacturing base in China, while the presence of innumerable joint ventures for raw material products are providing support to the industry.
As the world's business community watches China's miraculous growth, the Chinese coatings industry has, meanwhile, achieved remarkable growth. One important driver is the continuing shift of industrial manufacturing of consumer goods from Western Europe and the U.S. to China, including manufacture of IT, domestic appliances, furniture and automotives.
The need for coatings in China is clear. After all, the country is undergoing the world's largest construction boom. The 2008 Beijing Olympics this summer, plus the 2010 World Expo, to be held in Shanghai, and the 2010 Asia Games to be hel
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