Tim Wright02.02.09
Despite the worldwide economic downturn and predictions that China's double-digit GDP growth rate will slow to around eight percent this year, CHINACOAT 2008 continued to enjoy the success that has made it one of the world's largest exhibitions dedicated to paint and coatings. The success of the coatings industry in China remains an important story, particularly as other regions see little or no expansion, particularly North America and Western Europe. According to Raymond Ho, director of Sinostar International Ltd., organizers of CHINACOAT 2008, China today is the world's second largest paint producer (5.08 million tons in 2006). The total growth from 2002 to 2006 was a phenomenal 120%. China is also the largest consumer of coatings in Asia with 4.5 million tons worth $11.6 billion.
It should come as no surprise then that all of the leading coatings manufacturers have at least one manufacturing facility in China; Akzo Nobel, the largest coatings manufacturer, lists 52 production sites in China, most recently opening a new site for the manufacture and sale of protective coatings in Suzhou, China, about 80 kilometers west of Shanghai, in August. In late September,
It should come as no surprise then that all of the leading coatings manufacturers have at least one manufacturing facility in China; Akzo Nobel, the largest coatings manufacturer, lists 52 production sites in China, most recently opening a new site for the manufacture and sale of protective coatings in Suzhou, China, about 80 kilometers west of Shanghai, in August. In late September,
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