PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram
Search the site

 

Get the latest FREE eResource Blasting Resource Guide Download Now

Coatings Industry News

Main News Page


Sherwin-Williams Joins China’s Car Boom

Wednesday, January 9, 2013

More items for Coating Materials

Comment | More

Sherwin-Williams has waded deeper into China’s vast automotive market with the acquisition of Changzhou (Jiangsu) Pulanna Coating Co. Ltd., a leading maker of automotive coatings for the Chinese aftermarket.
 
The company also produces coating products for wind turbine blades.
 
The sale was announced by Business Development Asia LLC, an investment banking firm that advised Sherwin-Williams on the acquisition. A Sherwin-Williams spokesman confirmed the deal and declined to comment.
 
Terms were not disclosed.
 

Booming Car Sales

The acquisition increases Sherwin-Williams’ stake in China’s exploding automotive sector, where passenger-car sales have soared in recent years, increasing from 6.8 million in 2008 to over 16 million in 2012. The country's automotive industry has been the largest in the world for several years.
 
Car sales are forecast to continue rising by about 10 percent per year for the next decade, according to BDA.
 
Automobiles in China
Wikimedia Commons

China has become the world's largest automotive producer. Sales of passenger cars more than doubled between 2008 and 2012.

Pulanna ("Planet," in English) Coating was founded in 1998 by Mao Xiaojun as a privately owned company, engaged in the production and sales of auto refinish coating products. The company bills itself as a domestic leader in automotive refinishing paints. Since 2009, it has also produced and sold wind blade coating products.

Pulanna has 150 employees with its headquarters and main manufacturing facility in Changzhou, Jiangsu province, about 150km from Shanghai. The company said in 2010 that it was producing about 800,000 liters of product monthly.

Its automotive coating brands include Conely, DFL and Lanet. Lanet is considered a regional leader in the automotive aftermarket in the vast Yangtze River Delta area.

 

   

Tagged categories: Acquisitions; Automotive coatings; Business matters; Market share; Protective coatings; Sherwin-Williams; Wind Towers

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Jotun Paints Inc.
 
Jotachar JF750 - The Time Saving Solution
 
The only mesh free solution for jet fire scenarios. Jotachar saves installation time and material costs - the next generation of epoxy passive fire protection.
 

 
Sherwin-Williams
 
Sherwin-Williams Oil & Gas App
 
Our coatings and linings expertise available 24/7, allowing you to explore the best Sherwin-Williams solutions for oil refineries, shale drilling sites, and offshore. Android users
click here. Download today!
 

 
Carboline Company
 
Fireproofing Solutions
 
Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.
 

 
Detail Masters
 
Overspray Removal
 
We offer professional, turnkey service and unparalleled quality!
Our process can save hundreds— even thousands of dollars. It's fast, environmentally safe and 100% guaranteed.
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
SSPC: The Society for Protective Coatings
 
http://www.sspc.org/
 
Join SSPC and Enhance
Your Career !
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Novatek Corporation
 
Novatek Corporation, Dustless Coatings Removal
 
Strip, clean and profile all dust free! Comply with new lead standards. Contact today: (866) 563-7800
 

 
Safway Services
 
Your Access Advantage. QUIKDECK®
 
Provides safe, factory-floor-like working conditions. Can be engineered to fit almost any shape, structure or size. Modular platform easily assembled from just a few basic components. Excellent containment. Applications include vessels, offshore rigs and bridges.
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us