Carpoly Chemical Group
Jiangmen,
Guangdong Province, China
www.carpoly.com
PRIVATE COMPANY
YEAR ES TABLISHED: 1993
REVENUE: $311 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
KEY EXECUTIVES
Qiming Qiu, president; Shuchao Cao, chairman; Youwei Xu, vice
board chairman and marketing manager; General division man-
agers: Daimin Wang, technology center; Dewu Liao, home decora-
tion; Wenhua Zhao, furniture paint; Lide Xu, architectural paint;
Yanan Zhu, water-based paint; Kuigang Guo, ink; Qiang Zhou,
Shanghai Carpoly; Shukun Wang, Sichuan Carpoly; Xiaobo Lu,
Hebei Carpoly.
As China’s coatings market continues to expand rapidly, do- mestic paint manufacturers like Carpoly Chemical Group are gaining more exposure on the world stage. Carpoly Group,
founded in 1993, is today China’s largest domestic coatings manufacturer with sales of approximately $311 million in 2010. In 1993, the
Carpoly brand was created in Shunde and in 1999, Xinhui Carpoly
Chemical Co., Ltd., was established in Jiangmen. By the end of 2009,
the Carpoly Group formally upgraded, with four regional companies
in Guangdong, Sichuan, Shanghai and Hebei provinces. In 2010, Carpoly Group integrated Fabrico Chemical Co., Ltd. and Guangdong
Zhenggao Industrial Co., Ltd. for IPO, and expanded the area of its
business to range from paint to ink and packaging areas. Nearly all of
Carpoly’s paint sales are in the architectural segment— 96 percent—
while just one percent is from industrial coatings sales. The remaining
three percent is attributable to the sale of ink products.
CIN Group
Maia, Portugal
www.cin.pt
PUBLIC COMPANY
YEAR ESTABLISHED: 1926
REVENUE: $300 million
MARKETS SERVED
• Architectural coatings
• Automotive refinish
• Industrial coatings
• Protective coatings
KEY EXECUTIVES
Joao Serrenho, chairmam, president
and CEO; Angelo Machado, member
of board; Fernando Jorge Ferreira,
CFO.
CIN (Corporação Industrial do Norte S.A.) is a Portuguese company that is the Iberian market leader for paint and coat- ing products. The company was established in 1926 and is
headquartered in Maia, Norte Region. During the year the Portuguese
coatings group acquired Industrias de la Pintura, S.L (Palmcolor),
based in Gran Canaria. The purchase was conducted through CIN's
Spanish holding company, Amida Inversiones. Established in 1952,
the company has seen an increase in both its range of products and
its market share in recent years. It is currently market leader in the Canaries, with distribution centers on most of the islands. CIN currently
owns two operations in Tenerife, and this acquisition will take the
total number of employees in the Canaries to 130. In 2010 CIN generated approximately $300 million in sales, of which more than 50
percent came from outside of Portugal (France, Spain, Italy, China,
Angola and Cape Verde).
43
Fujikura Kasei Co. Ltd.
Tokyo, Japan
www.fkkasei.co.jp
44
Teknos Group Oy
Helsinki, Finland
www.teknos.com
PUBLIC COMPANY
YEAR ES TABLISHED:
1938
REVENUE:
$298 million
MARKETS SERVED
• Plastic coatings
• Architectural coatings
• Automotive coatings
KEY EXECUTIVES
Yoshiaki Hasegawa, chairman and
CEO; Joji Washino, president and
COO; Yuzo Saisu, senior managing di-
rector; Satoshi Yamashita, senior VP;
Shigeru Takahashi, senior VP.
PRIVATE COMPANY
YEAR ES TABLISHED: 1948
REVENUE:
$285 million
MARKETS SERVED
• Architectural coatings
• Industrial coatings
KEY EXECUTIVES
Pekka Rantamaki, CEO; Soile
Haavisto, financial director; Raimo
Anjala, managing director.
Fujikura Kasei offers coatings for plastics, which include auto- motive interior and exterior, automotive lightings, cosmetic ontainers and enclosures, electronic appliances, plastic hobby
items and plastic sheets; architectural coatings, such as exterior and
interior building materials, decorative items and housing equipment;
and electronic materials. In 2008, Fujikura Kasei’s U.S.-based operation, Fujichem, Inc., purchased 100% of Evansville, IN-based Red
Spot Paint &Varnish Co., Inc. With sales of approximately $100
million, Red Spot is primarily active in the automotive coatings sector. Red Spots joint venture partners in Korea and the UK, as well
as Red Spot’s licensees and customers in South America, Australia,
Europe, Singapore and China, further broaden Fujikura’s global
footprint to serve the global coatings for plastics market.
Teknos Group Oy is the leading supplier of industrial coatings in Scandinavia with a strong position in retail and architec- tural coatings too. Teknos is one of Finland’s largest family-owned businesses. Group companies operate in Scandinavia, Germany,
the United Kingdom, Poland, Slovenia and Russia, and through a well-established network of agents and representatives in about twenty
other European countries. During the year Teknos and Polish firm
Oliva signed an agreement to merge together and become one of the
leading players in the Polish metal paint market. According to the
agreement the new company will operate under Teknos-Oliva name
and brand. Oliva is a well-known brand in Poland in the metal industry paints and yacht paints markets. In spring 2010 Teknos opened
a new sales office and technical service center in Shanghai, China. In
addition to sales and technical services, the operations of Teknos China
cover a tinting service, logistics and warehousing provided through a
local partner.
68 | Coatings World
www.coatingsworld.com
July 2011
