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Market history! Check out the semi-annual major events of more than ten paint companies such as Nippon, Three Trees, PPG, etc. in 2019!

 Last Update: 2021-03-29
 Source: Internet
 Author: User

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75em; word-wrap: break-word ;">Since 2017, the paint industry has ushered in a turning point in its destiny.
The upstream raw material prices have risen one after another, the strictest environmental protection law has followed one after another, and the real estate fever has faded at a speed visible to the naked eye.
.
.
This series of influences has caused many small and medium-sized The life of the coating company is so difficult that the pattern of the entire coating industry is quietly changing, and this change has affected it so far.

Since 2017, the paint industry has ushered in a turning point in its destiny.
The upstream raw material prices have risen one after another, the strictest environmental protection law has followed one after another, and the real estate fever has faded at a speed visible to the naked eye.
.
.
This series of influences has caused many small and medium-sized The life of the coating company is so difficult that the pattern of the entire coating industry is quietly changing, and this change has affected it so far.

75em; word-wrap: break-word ;">The time has come to 2019.
Thanks to the spring market rebound, the major business lines of coatings companies have been initially improved, the layout of leading companies has accelerated, news of mergers and acquisitions, and production expansion are constantly emerging .
Companies that have not significantly changed their performance are also actively adjusting their structures.
High-pressure "change of coaches" in an attempt to regain the decline and break through against the trend .
These trends and measures can reflect the next development direction of the coatings industry from a certain angle and bring new thinking.
The following are the major events of Tu Qi organized by Ai Tubang in the first half of 2019.

The time has come to 2019.
Thanks to the spring market rebound, the major business lines of coatings companies have been initially improved, the layout of leading companies has accelerated, news of mergers and acquisitions, and production expansion are constantly emerging .
Companies that have not significantly changed their performance are also actively adjusting their structures.
High-pressure "change of coaches" in an attempt to restore the decline and break through against the trend .
These trends and measures can reflect the next development direction of the coatings industry from a certain angle and bring new thinking.
The following are the major events of Tu Qi organized by Ai Tubang in the first half of 2019.
The layout of leading enterprises is accelerating, and news of mergers and acquisitions and expansion of production are emerging.
The layout of leading enterprises is accelerating.
News of mergers and expansions are endless.
Adjusting the structure, trying to restore the decline, breaking through and adjusting the structure against the trend, and trying to change the command.
Recover the decline, break through against the trend

Major events of coating companies in the first half of 2019

Major events of coatings companies in the first half of 2019 Major events of coatings companies in the first half of 2019

time	Case study	Reviews
M&A
01. 07	PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings. The specific financial terms have not been disclosed.	Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced
01. 08	Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.	Mergers and acquisitions, diversified development, product system to expand the construction and decoration market
01. 21	Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co. , Ltd.	Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.
03. 22	INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .	Mergers and acquisitions, diversified development. With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.
04. 17	Nippon Paint Holdings Co. , Ltd. announced that the company's board of directors has agreed to acquire 100% of the shares of Dulux Group in Australia for 300. 5 billion yen (about 3. 756 billion Australian dollars, or about 2. 7 billion US dollars) in cash.	M&A, global expansion
04. 26	Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).	M&A, global expansion
05. 13	Lomon Baili (002601) announced that the company intends to bid for the 68. 1% equity of Xinli Titanium and 5.	Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry
05. 28	Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co. , Ltd.	Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.
Expansion
02. 19	PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.	Expansion of production, extending upstream and downstream industries
06. 21	Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base	Expansion of production to respond to the growing global demand for silicone products.
06. 26	China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan	Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry
06. 28	Nippon invested 1. 11 billion yuan in Sichuan Qionglai project and put into production.	Expansion of production, an important measure to accelerate the strategic layout of the western market
06. 30	Sankeshu Sichuan Ecological Industrial Park officially announced that the waterproof membrane production line has been put into production. The total area is about 179. 79 acres and the annual production capacity is 30 million square meters. After it reaches full capacity, it can achieve an annual output value of 1 to 2 billion yuan.	Expand production, diversify development, enter the waterproof field, and lay out in the southwest
Change of coaches & split
01. 18	Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co. , Ltd. for a consideration of approximately RMB 270 million.	Split, adjust business structure, and integrate resources
03. 31	Former Akzo Nobel China/North Asia President Dr. Lin Liangqi officially leaves	Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.
05. 29	Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co. , Ltd. , a wholly-owned subsidiary	Split, adjust business structure, and integrate resources
06. 03	DuPont announced that following the successful spin-off of the agricultural sector from the original Dow DuPont and its spin-off into Corteva, DuPont made its new appearance as an independent company.	Split, retain advantages, and integrate resources for loss-making businesses.

time	Case study	Reviews
M&A
01. 07	PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings. The specific financial terms have not been disclosed.	Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced
01. 08	Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.	Mergers and acquisitions, diversified development, product system to expand the construction and decoration market
01. 21	Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co. , Ltd.	Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.
03. 22	INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .	Mergers and acquisitions, diversified development. With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.
04. 17	Nippon Paint Holdings Co. , Ltd. announced that the company's board of directors has agreed to acquire 100% of the shares of Dulux Group in Australia for 300. 5 billion yen (about 3. 756 billion Australian dollars, or about 2. 7 billion US dollars) in cash.	M&A, global expansion
04. 26	Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).	M&A, global expansion
05. 13	Lomon Baili (002601) announced that the company intends to bid for the 68. 1% equity of Xinli Titanium and 5.	Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry
05. 28	Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co. , Ltd.	Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.
Expansion
02. 19	PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.	Expansion of production, extending upstream and downstream industries
06. 21	Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base	Expansion of production to respond to the growing global demand for silicone products.
06. 26	China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan	Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry
06. 28	Nippon invested 1. 11 billion yuan in Sichuan Qionglai project and put into production.	Expansion of production, an important measure to accelerate the strategic layout of the western market
06. 30	Sankeshu Sichuan Ecological Industrial Park officially announced that the waterproof membrane production line has been put into production. The total area is about 179. 79 acres and the annual production capacity is 30 million square meters. After it reaches full capacity, it can achieve an annual output value of 1 to 2 billion yuan.	Expand production, diversify development, enter the waterproof field, and lay out in the southwest
Change of coaches & split
01. 18	Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co. , Ltd. for a consideration of approximately RMB 270 million.	Split, adjust business structure, and integrate resources
03. 31	Former Akzo Nobel China/North Asia President Dr. Lin Liangqi officially leaves	Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.
05. 29	Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co. , Ltd. , a wholly-owned subsidiary	Split, adjust business structure, and integrate resources
06. 03	DuPont announced that following the successful spin-off of the agricultural sector from the original Dow DuPont and its spin-off into Corteva, DuPont made its new appearance as an independent company.	Split, retain advantages, and integrate resources for loss-making businesses.

time	Case study	Reviews
M&A
01. 07	PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings. The specific financial terms have not been disclosed.	Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced
01. 08	Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.	Mergers and acquisitions, diversified development, product system to expand the construction and decoration market
01. 21	Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co. , Ltd.	Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.
03. 22	INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .	Mergers and acquisitions, diversified development. With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.
04. 17	Nippon Paint Holdings Co. , Ltd. announced that the company's board of directors has agreed to acquire 100% of the shares of Dulux Group in Australia for 300. 5 billion yen (about 3. 756 billion Australian dollars, or about 2. 7 billion US dollars) in cash.	M&A, global expansion
04. 26	Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).	M&A, global expansion
05. 13	Lomon Baili (002601) announced that the company intends to bid for the 68. 1% equity of Xinli Titanium and 5. 219 billion yuan of debts that Yunye Group publicly listed and transferred on the Beijing Stock Exchange.	Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry
05. 28	Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co. , Ltd.	Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.
Expansion
02. 19	PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.	Expansion of production, extending upstream and downstream industries
06. 21	Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base	Expansion of production to respond to the growing global demand for silicone products.
06. 26	China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan	Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry
06. 28	Nippon invested 1. 11 billion yuan in Sichuan Qionglai project and put into production.	Expansion of production, an important measure to accelerate the strategic layout of the western market
06. 30	Sankeshu Sichuan Ecological Industrial Park officially announced that the waterproof membrane production line has been put into production. The total area is about 179. 79 acres and the annual production capacity is 30 million square meters. After it reaches full capacity, it can achieve an annual output value of 1 to 2 billion yuan.	Expand production, diversify development, enter the waterproof field, and lay out in the southwest
Change of coaches & split
01. 18	Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co. , Ltd. for a consideration of approximately RMB 270 million.	Split, adjust business structure, and integrate resources
03. 31	Former Akzo Nobel China/North Asia President Dr. Lin Liangqi officially leaves	Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.
05. 29	Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co. , Ltd. , a wholly-owned subsidiary	Split, adjust business structure, and integrate resources
06. 03	DuPont announced that following the successful spin-off of the agricultural sector from the original Dow DuPont and its spin-off into Corteva, DuPont made its new appearance as an independent company.	Split, retain advantages, and integrate resources for loss-making businesses.

time

Case study

Reviews

M&A

01.
07

PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings.
The specific financial terms have not been disclosed.

Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced

01.
08

Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.

Mergers and acquisitions, diversified development, product system to expand the construction and decoration market

01.
21

Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co.
, Ltd.

Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.

03.
22

INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .

Mergers and acquisitions, diversified development.
With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.

04.
17

Nippon Paint Holdings Co.
, Ltd.
announced that the company's board of directors has agreed to acquire 100% of the shares of Dulux Group in Australia for 300.
5 billion yen (about 3.
756 billion Australian dollars, or about 2.
7 billion US dollars) in cash.

M&A, global expansion

04.
26

Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).

M&A, global expansion

05.
13

Lomon Baili (002601) announced that the company intends to bid for the 68.
1% equity of Xinli Titanium and 5.
219 billion yuan of debts that Yunye Group publicly listed and transferred on the Beijing Stock Exchange.

Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry

05.
28

Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co.
, Ltd.

Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.

Expansion

02.
19

PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.

Expansion of production, extending upstream and downstream industries

06.
21

Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base

Expansion of production to respond to the growing global demand for silicone products.

06.
26

China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan

Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry

06.
28

Nippon invested 1.
11 billion yuan in Sichuan Qionglai project and put into production.

Expansion of production, an important measure to accelerate the strategic layout of the western market

06.
30

Sankeshu Sichuan Ecological Industrial Park officially announced that the waterproof membrane production line has been put into production.
The total area is about 179.
79 acres and the annual production capacity is 30 million square meters.
After it reaches full capacity, it can achieve an annual output value of 1 to 2 billion yuan.

Expand production, diversify development, enter the waterproof field, and lay out in the southwest

Change of coaches & split

01.
18

Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co.
, Ltd.
for a consideration of approximately RMB 270 million.

Split, adjust business structure, and integrate resources

03.
31

Former Akzo Nobel China/North Asia President Dr.
Lin Liangqi officially leaves

Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.

05.
29

Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co.
, Ltd.
, a wholly-owned subsidiary

Split, adjust business structure, and integrate resources

06.
03

DuPont announced that following the successful spin-off of the agricultural sector from the original Dow DuPont and its spin-off into Corteva, DuPont made its new appearance as an independent company.

Split, retain advantages, and integrate resources for loss-making businesses.

time

Case study

Reviews

time

Case study

Reviews

M&A

Mergers and acquisitions

01.
07

PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings.
The specific financial terms have not been disclosed.

Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced

01.
07

PPG announced the acquisition of Hemmelrath, a manufacturer of automotive coatings.
The specific financial terms have not been disclosed.

Mergers and acquisitions, complementary advantages, PPG's automotive coating products will be enhanced

01.
08

Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.

Mergers and acquisitions, diversified development, product system to expand the construction and decoration market

01.
08

Sika announced that it has completed the acquisition of Parex with a target sales of 8 billion Swiss francs.

Mergers and acquisitions, diversified development, product system to expand the construction and decoration market

01.
21

Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co.
, Ltd.

Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.

01.
21

Nippon and Jinlitai signed a cooperation agreement, and the two parties will jointly fund the establishment of Shanghai Nippon Jinlitai Coating Co.
, Ltd.

Mergers and acquisitions, complementary advantages, Nippon Paint will expand and improve in the commercial vehicle coatings market.

03.
22

INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .

Mergers and acquisitions, diversified development.
With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.

03.
22

INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .

INEOS Enterprises announced the acquisition of Cristal 's North American business from Tronox Limited for USD 700 million .
Tronox Limited acquires Cristal

Mergers and acquisitions, diversified development.
With this, INEOS enters the pigment market and may become the second largest titanium dioxide producer in the main North American market.

04.
17

M&A, global expansion

04.
17

M&A, global expansion

04.
26

Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).

M&A, global expansion

04.
26

Nippon intends to acquire the shares of nine group companies including Betek Boya ve Kimya Sanayi AS and its subsidiaries, and will implement "subsidiary" (holding).

M&A, global expansion

05.
13

Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry

05.
13

Mergers and acquisitions, expand its own advantages, thoroughly consolidate and enhance the company's leading position in the titanium dioxide industry

05.
28

Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co.
, Ltd.

Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.

05.
28

Nippon Changrun Development formally acquired 82% of the shares of Jiadebaoman New Technology Materials Co.
, Ltd.

Mergers and acquisitions, complementary advantages, can be enhanced in the field of water-based furniture paint.

Expansion

Expansion of production

02.
19

PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.

Expansion of production, extending upstream and downstream industries

02.
19

PPG announced that it has invested US$10 million in its coating service plant in Greenville, South Carolina, to build a new 82,000-square-foot facility and Class A coating production line.

Expansion of production, extending upstream and downstream industries

06.
21

Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base

Expansion of production to respond to the growing global demand for silicone products.

06.
21

Global chemical giant Dow's new plant groundbreaking ceremony was held at Dow's Zhangjiagang production base

Expansion of production to respond to the growing global demand for silicone products.

06.
26

China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan

Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry

06.
26

China Nuclear Titanium Dioxide announced that it intends to establish a wholly-owned subsidiary in Guangzhou Nansha New District with a billion yuan

Expand production, expand its own advantages, and enhance the company's position in the titanium dioxide industry

06.
28

Nippon invested 1.
11 billion yuan in Sichuan Qionglai project and put into production.

Expansion of production, an important measure to accelerate the strategic layout of the western market

06.
28

Nippon invested 1.
11 billion yuan in Sichuan Qionglai project and put into production.

Expansion of production, an important measure to accelerate the strategic layout of the western market

06.
30

Expand production, diversify development, enter the waterproof field, and lay out in the southwest

06.
30

Expand production, diversify development, enter the waterproof field, and lay out in the southwest

Change of coaches & split

Change of commander & split Change of commander & split

01.
18

Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co.
, Ltd.
for a consideration of approximately RMB 270 million.

Split, adjust business structure, and integrate resources

01.
18

Yip's Chemical announced the sale of the entire equity interest in Bauhinia Paint (Shanghai) Co.
, Ltd.
for a consideration of approximately RMB 270 million.

Split, adjust business structure, and integrate resources

03.
31

Former Akzo Nobel China/North Asia President Dr.
Lin Liangqi officially leaves

Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.

03.
31

Former Akzo Nobel China/North Asia President Dr.
Lin Liangqi officially leaves

Change of command and pressure on profitability, the company optimizes management and operation through personnel changes.

05.
29

Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co.
, Ltd.
, a wholly-owned subsidiary

Split, adjust business structure, and integrate resources

05.
29

Yu Sanxia A announced that the company intends to start the public listing and transfer of 100% equity of Chengdu Yu Sanxia Paint Co.
, Ltd.
, a wholly-owned subsidiary

Split, adjust business structure, and integrate resources

06.
03

Split, retain advantages, and integrate resources for loss-making businesses.

06.
03

Split, retain advantages, and integrate resources for loss-making businesses.

75em; word-wrap: break-word ; text-align: center;">Accelerate market layout

Accelerate market layout Accelerate market layout

75em; word-wrap: break-word ;"> As can be seen from the above table, in the first half of 2019, Nippon Paint, mergers and acquisitions, and expansion of production were the most frequent actions, and it was very busy.
Such obvious expansion measures are enough to see the ambition of Nippon Paint.

75em; word-wrap: break-word ;"> As early as 2018, Nippon Paint released a three-year mid-term business plan'N-20'- establishing an overwhelming position in the Asian coatings market and accelerating its global growth rate .
As of 2020, Nippon Paint will achieve sales of 750 billion yen and an operating profit margin of 14%, while Nippon Paint's operating profit margin in the first half of 2018 is approximately 11%.

75em; word-wrap: break-word ;"> In order to achieve this goal, Nippon Paint has formulated three measures: 1.
Thoroughly strengthen existing business areas, increase market share, and make “the strong stronger”; 2.
Accelerate investment expansion, promote mergers and acquisitions, and make It has become the driving force of growth; 3.
Improve operating profit, effectively use operating resources, and improve profitability.

75em; word-wrap: break-word ;"> In the first half of 2019, Nippon Paint’s series of actions reflected the acceleration of their globalization, especially in the Chinese market.
Nippon Paint successively acquired Jiadebaoman and Jinlitai, and invested 1.
11 billion yuan in Sichuan Qionglai to expand production.
It fully illustrates the importance of the Chinese market to Nippon's Asian regional business.

As can be seen from the above table, in the first half of 2019, Nippon Paint, mergers and acquisitions, and expansion of production were the most frequent actions, and it was very busy.
Such obvious expansion measures are enough to see the ambition of Nippon Paint.

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