Coatings World - July 2014

Yip’s Chemical Holdings Ltd.
Fanling, Hong Kong, China
www.yipsshc.com.hk 76

PUBLIC COMPANY YEAR ESTABLISHED: 1971

REVENUE: $146 million MARKETS SERVED

• Decorative coatings • Industrial coatings

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,

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.

Quest Specialty Chemicals manufacturers coatings designed to repair, restore and preserve the assets of its customers. Quest serves a variety of industries, including the automotive aftermarket, general industrial, and commercial re-roofing markets. QSC is privately held and operates three wholly-owned divisions: Quest Automotive Products, Quest Construction Products and Quest Industrial Products. In 2012 QSC launched a newly renovated website. Together QSC’s portfolio of coatings companies generated $149 million of revenue in 2013. In June 2013 Quest

Specialty Chemicals announced the acquisition of U.S Chemical and Plastics, joining Matrix Systems in the automotive division of Quest Specialty Chemicals.

PRIVATE COMPANY YEAR ESTABLISHED: 2001

REVENUE: $149 million MARKETS SERVED

• Automotive refinish • Aerosol paints •
Industrial paints • Roof coatings and systems

KEY EXECUTIVES

Doug Mattscheck, CEO and president; Rick Martin, CFO; David Brunori, ex. VP and GM

75Quest Specialty Chemicals Menomonee Falls, WI
www.questsc.com

The year 2013 was very important for Russian Coatings. It was their company’s 175th anniversary. Time showed that investments placed into construction of the powder coatings plant and the workshop for water paints have given their positive results. The output of powder materials had grown by 15 percent. The share of water materials in the output of decorative-building products had amounted even 44 percent. Although the output reached only 93 percent, the sales volume in rouble equivalent remained the same. In the decorative business the company proceded with series production of innovative ‘quick materials’ of sub-brand PREMIA family. These products feature faster drying. Sales of brand products in industrial business had increased from 46 percent in 2012 up to 55 percent in 2013.

Chokwang Paint Limited manufactures paint products and coatings in Korea. Its products include architectural paints, interior paints, floor coatings and water floor paints, wood coatings, industrial coatings, plastic coatings and auto refinish coatings, powder coatings, heavy-duty coatings, and DIY paints. In addition, Chokwang provides a speed color system to each dealership it operates through, which can mix colors at customers request within three minutes with an automatic color mixer controlled by a computer. The company was formerly known as Chokwang Co., Inc. and subsequently changed its name to Chokwang Paint Limited. Chokwang Paint Limited was founded in 1947 and is headquartered in Busan, South Korea.

PUBLIC COMPANY YEAR ESTABLISHED: 1947

REVENUE: $153 million MARKETS SERVED

• Architectural coatings • Wood coatings
• Industrial coatings • Powder coatings
• Automotive refinishes

KEY EXECUTIVES

Dae-Eun Lee, president and CEO; Ha-Ok Kim, managing director of business

PRIVATE COMPANY YEAR ESTABLISHED: 1838

REVENUE: $150.5 million MARKETS SERVED

• Architectural coatings • Automotive
OEM coatings • Industrial coatings
• Automotive refinishes • Powder coatings

KEY EXECUTIVES

Valeriy Abramov, CEO; Philipp Savelyev, director of economics; Mixhail Kolomichev, technical director; Segment managers: Nicolay Yakovley, decorative and building