MERGERS AND ACQUISITIONS KEEP FOREIGN BRANDS IN CONTROL OF CHINA MARKET
November 1st, 2007
BY MARK GODFREY, in Beijing
CHINESE coatings made the headlines for all the wrong reasons this summer. Faulty paint jobs on Chinese exports has however put into sharp relief the quality gap between local and foreign players in China's paint and coating sector, which has been enjoying unprecedented growth.
Output has been growing at an average 20% a year in the mainland Chinese paint and coatings sector since 2000, according to figures provided by the Paint & Coating Chemical Industry Research Institute (PCCIRI), a state-run research and development centre ...
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