SOUTH AFRICA PAINTS INDUSTRY RECOVERS FROM PAINFUL RECESSION
December 1st, 2012
SOUTH Africa’s paint and coatings industry is expected to increase in value from 560.0 million in 2009 to USD712.47 million in 2016, according to market analysts Frost & Sullivan. But the sector has faced tough times since the global financial crisis hit in 2008, and is only now recovering from the recession that hit South Africa as a result, and that recovery has been slow. Speaking to Polymers Paint Colour Journal, Dr James McLeary, executive corporate strategy for Kansai Plascon, (the Japanese-owned South Africa decorative paint market leader), said: ...
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