The coating industry reporter learned on April 6 that the project of coating factory with an annual output of 73700 tons of diamond chemical (Tianjin) Co., Ltd. is expected to be completed in June this year. The total investment of the project is 600 million yuan, mainly producing automobile coatings, PCM coatings, industrial coatings, architectural coatings, etc., among which, the annual output of oil automotive coatings is 13 thousand tons, water-based automotive coatings is 13 thousand tons, industrial coatings is 26 thousand tons, construction coatings is 900 tons, diluent and curing agent cleaner is 20 thousand and 800 tons.
In order to further expand the production capacity in China, Jingang chemical (Beijing) Co., Ltd. plans to invest 60 million yuan to establish Jingang chemical (Tianjin) Co., Ltd. with a planned land acquisition of 10.5 hectares, and to build a project of 73700 tons of auto paint and industrial paint paint in Nangang industrial zone of Tianjin Economic and Technological Development Zone.
Founded in 1958, KCC is the largest manufacturer of coatings and building materials in South Korea. The coatings business accounts for 39% of the market share in South Korea, mainly engaged in the research, development, production and sales of automotive coatings, marine coatings, building coatings, general industrial coatings and thermal insulation materials, glass, sealant and other products. According to the financial report, the coating business revenue of diamond chemical in 2019 was 1469.026 billion won (about $1.207 billion), down 11.23% year on year.
At present, KCC group of Korea is mainly engaged in industrial paint in China. Its products cover automotive coating, container coating, ship coating, color steel plate coating, industrial coating, building coating, etc. it has 5 factories in Kunshan, Beijing, Guangzhou, Chongqing and Tianjin, and also has KCC chemical (Hong Kong) Holding Co., Ltd. According to the financial report, in 2019, the sales volume of Jingang chemical China reached 210.931 billion won (about 1.272.3 billion yuan), down 76.95% year on year. (coating boundary)
Relevant reading [finance and economics] KCC's performance in China is very poor: revenue dropped by 76.95%, output dropped by 61.37%
[finance and economics] KCC group, the largest coatings and building materials supplier in South Korea, completed the acquisition of metu with us $3.1 billion
[information] Jingang Chemical Co., Ltd. has invested 250 million yuan in Kunshan to build a 50000 ton / a waterborne coating project
[finance and economics] in 2018, diamond chemical's sales revenue of coatings reached US $1.457 billion and that of China was 2.28 billion
[information] foreign investment expansion! Jingang Chemical Co., Ltd. invested 600 million yuan to build a new project with an annual output of 73700 tons of automotive paint
[finance and economics] in 2016, Jingang chemical's sales revenue of coatings reached US $1.255 billion and that of China was 1.628 billion
[finance and economics] in 2015, Jingang chemical's paint revenue reached 1.441 billion US dollars, and the revenue in China was 1.742 billion yuan
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