CHINA PAINT AND COATINGS BOOM SET FOR THE LONG TERM
October 1st, 2008
BY MARK GODFREY
GIVEN the armies of migrant workers slapping millions of litres of paint onto the walls of spanking new hotels and creaking 1950s apartment blocks in and around Beijing during the preparations for the Olympic Games it is not surprising that paint demand in China currently outstrips that of India by five times, in tonnage used.
But this high demand is not a short term Olympian blip. Average annual growth for the China paint and coatings market has ranged between 8 and 10%, according to various domestic and foreign companies contacted by the Asia ...
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