Foreign-funded Coating’s Companies in China
1 min readForeign-funded Companies in China
The global coating manufacturers are constantly developing towards collectiveness，large-scale and specialization in order to win the fierce competition while such objectives can be achieved by merger，reorganization as well as integration.Coating industry featured as low-technical entry，there are now about 10000 coating companies in China，and the industry lacks well-known brands price are in disorder，industrial criterion needs to be worked out and product quality is uneven，therefore，it is inevitable for China’s coating industry to carry out merger&reorganization and integration.
Foreign-funded companies have taken action towards acquisition due to a well expect for China’s coating market.Worldwide giant Akzo Nobel，Netherlands acquired Guangzhou Toide Coating Corporation in Oct 2005.Shunde Huarun Paints Co.，Ltd was purchased by the Valspar Corporation，the forth largest coating corporation in theUSA，which drew much attention of the industry.Apart from foreign coating giants，the domestic firms also began the acquisition.Maydos acquired Yangzhou Jinling，Beijing Sanqi and Zhejiang Rongtai and also hold a share of Guangzhou Supe，and it is also the shareholder of Shenzhen Motian and Foshan Eastman.
