PHILIPPINE PAINTS AND COATINGS INDUSTRY FIGHTS THROUGH GLOBAL RECESSION
July 1st, 2010
BY MARK ROWE
THE PHILIPPINES paint market may be small, but it has punched above its weight during the global recession, retaining its distinctive feature of a manufacturing base dominated by local players. According to the Philippine Association of Paint Manufacturers (PAPM), the country has just five major paint manufacturers, with a 70% market share being enjoyed by Pacific Paints (Boysen), followed by other local players Charter Chemical & Coating Corporation and Asian Coatings Philippines, Inc. and is generally composed of local paint and coatings ...
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