SOUTH KOREA’S PAINT AND COATINGS INDUSTRY FIGHTS OUT OF THE RECESSION
May 1st, 2010
BY KARRYN MILLER
ACCORDING to the Korean Paint & Printing Industry Cooperative (KPIC), South Korean paint and coatings sales hit US$3 billion in 2008, up 4% from the previous year. KPIC accredited the boost to an increase in sale prices due to higher raw material costs, rather then profits however. This is why while these figures alone paint a picture that the recession has not had such a drastic impact, local paint and coatings companies feel otherwise.
South Korean-based Dupont Performance Coatings has seen a number of changes in the market due to the ...
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