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Home > News > Paint & Coating News > 3 consecutive years! No. 1 in the global coatings industry list: Sherwin-William

3 consecutive years! No. 1 in the global coatings industry list: Sherwin-William

ECHEMI 2020-05-15

The US "Forbes" magazine released the 2020 "Global Listed Companies 2000" rankings, and many coating companies made the list. Among them: Sherwin-Williams, a global coatings giant, rose sharply from 90th to 448th this year. Ranked No. 1 in the global coatings industry, this is also the third consecutive year that Xuanwei has ranked the top in the global coatings industry.

According to Tu Jie's sales performance of Xuanwei in the past five years, Sherwin-Williams revenue increased from 11.33393 billion US dollars in 2015 to 17.9808 billion US dollars in 2019, and revenue has increased by 36.65% in the past five years. As a result, Sherwin-Williams also achieved a significant increase in the ranking of the list. According to Sherwin-Williams' ranking on the list in the past five years, the ranking of Sherwin-Williams has risen from 722 in 2016 to 448 in 2020, and the ranking has risen 274 in the past five years.

The "Forbes" "Top 2000 Global Listed Companies" list is regarded as one of the most authoritative and most concerned business companies in the world. Based on the selection of the largest, most influential and most valuable companies in the world. According to the latest list, Sherwin-Williams has revenue of US $ 18 billion, profits of US $ 1.6 billion, assets of US $ 20.6 billion, and a market value of US $ 48.7 billion.

According to the annual report, Sherwin-Williams achieved record results in 2019, with total operating income increasing by 2.1% year-on-year to US $ 17.901 billion; at the same time, economic efficiency has also been greatly improved, and operating profit has increased significantly by 75.57% to US $ 440.5 million Profits increased substantially by 39.01% to 1.5413 billion US dollars.

With more than 150 years of history, Xuanwei has a wide range of business covering architectural coatings, wood coatings, automotive coatings, powder coatings, packaging coatings, general industrial coatings, etc. It owns Sherwin-Williams®, Valspar®, China Resources, Dutch Boy®, HGTV HOME ™, Cabot® and many other well-known brands, the production and sales of many sub-sectors rank in the forefront of the global industry. Currently, Xuanwei's business covers more than 100 countries and regions around the world.

As a global coatings giant, Sherwin-Williams has won extensive praise and trust from customers for its comprehensive strength. In the authoritative survey report on paint satisfaction in 2020 released by JD Power, Xuanwei won all four firsts in the field of interior wall coatings, exterior wall coatings, exterior stains, and paint retailers. With insight into customer needs and professional and meticulous service, it has won high recognition and loyal trust from our customers.

Not only that, Sherwin-Williams has become the most influential brand. In the "Top 500 Global Brand Value 2020" published by Brand Finance, a British brand value evaluation and strategy consulting company, Xuanwei ranked 324th, up 94 places from the previous year. It is reported that Sherwin-Williams is the only coating brand in the world, and it is the third consecutive year that the list has been on the list.

It is understood that Brand Finance's selection dimensions include public familiarity, loyalty, promotional activities, marketing investment, employee satisfaction, and corporate reputation. Evaluating countless global brands from multiple dimensions, the Xuanwei brand stands out, which also confirms Xuanwei's global influence and recognition.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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