The 2020 Global Industrial Paint Manufacturer Top 20 list was released recently. The Xiangjiang Paint Technology Co., Ltd. was the only Chinese enterprise on the list, ranking 17th with its annual revenue of 527.3 million USD. 

The list ranks industrial paint manufacturers worldwide based on their sales revenue in 2019 or 2020 fiscal year. The total revenue of the listed enterprises was 46.2 billion USD, taking up 45% of the global total.

The Xiangjiang Paint Technology Co., Ltd., formerly known as the Hunan Paint Factory established in 1950, is engaged in R&D, production, marketing, and coating of paint and resin products. It has three sub-brands – Xiangjiang, Shuangta, and HKP. Its products are widely used in automobile, architecture, aircraft, ship, heavy industrial machinery, coach, rail transit, and power facilities. Its production and sales volume are in the lead domestically, and its OEM automobile paint sales has ranked top in China for years.

This article is from Hunan Provincial Government www.enghunan.gov.cn. 

Translator: Pang Yuehui

Chinese source: hunan.gov.cn