PHILIPPINE COATINGS MANUFACTURERS HAVE GOOD PROSPECTS, BUT FACING SHORT TERM DEMAND RESTRICTIONS
November 1st, 2019
THE PHILIPPINES paint and coatings sector maybe growing robustly – at an average of 6.5-7% over the past two years to reach USD900 million in 2018 says market researchers Frost & Sullivan – but the local manufacturers think they could do a lot better.
Industry executives talking to ACPJ have noted the delayed approval of the Philippines’ 2019 national government budget until April, which put on several public work projects on hold. Also, a mandatory public works project ban was put in place from March to the midterm elections in May, halting ...
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