The total output of Chinese coatings in 2019 will exceed 24 million tons

PPG's acquisition of alpha, a light industrial powder coating manufacturer, on February 5, PPG announced that it had reached a final agreement to acquire alpha coating technologies, LLC, a powder coating manufacturer for light industry and thermal base materials ("alpha"). The deal is expected to be completed in the first quarter of 2020, based on customary closing conditions. Financial terms have not yet disclosed coatings online at coatingol.com. On February 6, Sherwin Williams, a global paint giant, announced that it would finalize plans to establish a new global headquarters in Downtown Cleveland and a new R & D center in braxtville, a suburb of Cleveland. The initial plan calls for Xuan Wei to invest at least $600 million (4.2 billion yuan) to build the two facilities. In 2019, the total output of Chinese coatings exceeded 24 million tons. Recently, the sales and inventory data of Chinese coatings industrial products in 2019 released by the National Bureau of statistics showed that the sales volume of Chinese coatings in 2019 was 24.1611 million tons, compared with 17.468 million tons in the same period last year, with a year-on-year growth of 38.32%. Among them, the sales volume of coatings in the four quarters of 2019 is 3.911 million tons, 5.695 million tons, 11.964 million tons and 12.197 million tons respectively.

PetroChina and Sinopec started the production of masks. At present, the epidemic situation is severe, and there is a shortage of protective and disinfection materials such as masks and disinfectant water. PetroChina and Sinopec, as raw materials suppliers for mask production, have officially started the production of masks. Fushun Petrochemical Beitian garment factory, a subordinate unit of Fushun Petrochemical Company of PetroChina, officially started the production of masks. Sinopec launched "I have the melt blown cloth, who has the mask machine" for help, and all heroes responded. By the noon of February 7, Sinopec had completed 11 mask production lines with its partners. Aksu Nobel's revenue in 2019 is US $10.4 billion. On February 12, Aksu Nobel released its financial performance report in 2019. The annual sales volume was 9.276 billion euros, about 10.393 billion US dollars, the same as the same period last year. Axel's net profit increased by 18.42% in 2019. On January 30, Axel released its fourth quarter and full year financial results as of December 31, 2019. In 2019, net sales reached USD 4482.2 million, down 4.6% year on year. In 2019, net profit reached US $252.6 million, an increase of 18.42% year on year. In the evening of February 11, 2019, Dongfang Yuhong's revenue was 18.139 billion yuan, and Beijing Dongfang Yuhong Waterproof Technology Co., Ltd. issued the announcement of 2019 annual performance express. During the reporting period, the company realized operating revenue of RMB 18.139 billion, a year-on-year increase of 29.14%; operating profit of RMB 2.652 billion, a year-on-year increase of 45.89%; net profit attributable to the parent company of RMB 2.085 billion, a year-on-year increase of 45.89%. In the fourth quarter, the operating revenue was 5.244 billion yuan, up 10.5% year on year, and the net profit attributable to the parent company was 519 million yuan, up 31.7% year on year.

Liao Dewei, the former vice general manager of Jiabaoli group and the former general manager of Jiabaoli whole decoration products business division, has officially taken the post of vice president and member of group management committee of meitushi group in January this year, in charge of group decoration paint business and reporting directly to the chairman of the board of directors. Prior to the IPO date of the gem, Xiamen regulatory bureau of China Securities Regulatory Commission released the filing report on the guidance work of Northeast Securities Co., Ltd. on the initial public offering of shares of Gunn Energy Saving Technology Co., Ltd. and listing on the gem (phase I). According to the report, Country Garden Group has become a shareholder of gook. On February 8, the commencement date of national logistics and construction site was issued, and the Ministry of transport issued a notice. In principle, if the weather conditions of highway and water transport project meet the construction requirements, except for Hubei Province and other areas with heavy epidemic prevention and control tasks, it is necessary to prepare for resumption of work before February 15, 2020, and strive to resume work before February 20. Bridge, tunnel, dredging, reef clearing and other projects with relatively closed construction site shall be resumed as soon as possible to form physical workload as soon as possible.