Coatings World - JULY 2013

Yip’s Chemical
Holdings Ltd.
Fanling, Hong Kong, China
www.yipsshc.com.hk

PUBLIC COMPANY YEAR ESTABLISHED: 1971 REVENUE: $146 million MARKETS SERVED

KEY EXECUTIVES Kam Yim Wong, CEO and executive director; Chi Shing Ip, co-founder, executive chairman and member of the board; Wai Man Li, COO, executive director; Tsz Hin Yip, deputy chairman, member of group management.

Yip’s Chemical Holdings Limited engages in the manufac- ture and trading of petrochemical products primarily in the People’s Republic of China. The company operates in three segments: Solvents, Coatings and Lubricants. The Coatings segment engages in the production and marketing of domestic architectural and industrial paints, inks, varnishes and resins for construction, toys, electronics, furniture, food and gift packaging and printing industries. This segment offers paints under the Bauhinia, Adcoat and Pak Lam Choice brand names; inks under Bauhinia Variegata brand name; specialty varnishes under the Golaxxo brand name; and resins under the Da Chang brand name. The company was formerly known as Hang Cheung Hong. Yip’s Chemical Holdings Limited was founded in 1971 and is headquartered in Fanling, Hong Kong.

Asahipen
Osaka, Japan
www.asahipen.jp

PUBLIC COMPANY YEAR ESTABLISHED: 1940 REVENUE: $145 million MARKETS SERVED

KEY EXECUTIVES Takeshi Tanaka, president and chairman; Tatsuo Nishi, managing director.

Asahipen Corporation engages in the manufacture and sale of various paints and coatings, painting tools and wallpaper products in Japan. The company offers water-based, oil-based, anti-rust, spray, gloss varnish, wood, hobby craft and business paints. Asahipen Corporation markets its products through dealers, government agencies, and other outlets in China, Hong Kong, Taiwan, and southwestern Asia. The company was formerly known as Asahi Paint Company and changed its name to Asahipen Corporation in 1965. Asahipen Corporation was founded in 1940 and is headquartered in Osaka, Japan. Asahipen Groups are organized into many paint-manufacturing subsidiaries including Asahipen Corporation, Daiho Tokyo Inc., Asahipen America Inc. and in the field of UV finishing it operates Trust Inc.

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Origin Electric
Tokyo, Japan
www.origin.co.jp
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Kayalar Kimya AS
Istanbul, Turkey; kayalarkimya.com.tr

PUBLIC COMPANY YEAR ESTABLISHED: 1938 REVENUE: $145 million MARKETS SERVED

KEY EXECUTIVES Toshio Kashiwagi, president and director; Minoru Fujisawa, managing director and GM of coating operations division.

Origin Electric operates in three segments: Electronics, Me- chatronics and Chemitronics. The Chemitronics division is upported by metal surface treatment and surface plating technologies as well as by its history of R&D in the fields of electronics and coating materials. Energy-saving measures jointly developed with other engineering groups have resulted in developments being achieved in the field of synthetic resin paints. The company operates in Japan, as well as in Taipei, Hong Kong, the U.S. and China. Origin began developing paints in 1947 as a part of its surface processing research efforts creating highly functional paints, including paints used for plastic substrates, water-based paint/TX-free paint and paints used for plated nonferrous metals. Applications include auto interior and exterior parts, cell phones and computers.

PRIVATE COMPANY YEAR ESTABLISHED: 1976 REVENUE: $140.336 million MARKETS SERVED

KEY EXECUTIVES Ersin Kenan Kayalar, Tolga Kayalar, Zafar Kayalar, Bahadur Baykar. Bedri Buyuktaskin, marketing director; Zafer Memisiglu, technical director.

Kayalar Kimya possesses approximately 25 percent market share of the Turkish furniture paint and varnish market. Kayalar has two production plants, one in Istanbul, Turkey, which opened in 2006 and the second one in Lucena, Spain.

Architectural coatings comprise 19 percent of Kaylar Kimya’s business, general industrial comprises one percent, wood comprises 47 percent and the remaining 33 percent is comprised of resins. Kayalar recently entered into a joint venture with Noroo Company for the industrial paint sector and acquired Gasla, a Spanish wood coating company. Brands include Genc, Dufa, Genro Noroo and Grasla.