Coatings Industry News

Main News Page


Sherwin-Williams Joins China’s Car Boom

Wednesday, January 9, 2013

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; Coating Materials; Market share; Protective coatings; Sherwin-Williams; Wind Towers

Comment Join the Conversation:

Sign in to our community to add your comments.


Advertisements
 
SAFE Systems, Inc.

 
KTA-Tator, Inc. - Corporate Office

 
Fischer Technology Inc.

 
DeFelsko Corporation

 
ABKaelin, LLC

 
HoldTight Solutions Inc.

 
Modern Safety Techniques

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

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


The Technology Publishing Network

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   |   Support   |   Site Map   |   Search   |   Contact Us