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Good performance of global paint and coating manufacturers

good performance of global paint and coating manufacturers

April 25, 2012

[China paint information] stimulated by the dual stimulus of the North American construction industry beginning to show more and more signs of recovery in the number of cars used and the strengthening of the industrial end market (especially the automotive industry), the current paint and coating manufacturers have the most optimistic confidence in business growth prospects in recent years

the performance from paint and coating manufacturers in the first quarter of this year was generally good. The two major paint and coating giants in the United States: PPG industry and Xuanwei company have announced the results of the first quarter. The mechanical equipment is essentially the same report, and the results are better than expected. PPG industries' net sales revenue in the first quarter increased by 6% year-on-year to US $3.8 billion, and the adjusted net profit (excluding temporary expenses) reached US $279 million. The performance of each improved precise docking stock between enterprises and customers reached US $1.81, much higher than the US $1.44 per share previously expected by analysts. In 2011, the company's net sales revenue was $3.5 billion, net profit was $228million, and earnings per share was $1.40

charles E. bunch, President of PPG industries, said, "in the first quarter, the company's profit continued to grow, with earnings per share increasing by nearly 30% year-on-year. Although the economic situation is still worrying and the inflationary pressure on raw materials is high, the company's performance has continued to increase in the past two years due to people-oriented. The company's construction coating business in the United States has been positively affected by the recovery of the U.S. construction industry and the warm winter climate." Xuanwei's consolidated net sales revenue in the first quarter increased by 15.1% year-on-year to US $2.14 billion, mainly stimulated by the growth of both paint sales and sales prices. The diluted earnings per share of the company in the first quarter was 95 cents, compared with 63 cents per share in the same period last year

insiders said that for paint and coating manufacturers, a good start to this year has been determined, but the construction coating business is still not out of trouble. J. rich Alexander, executive vice president of PPG industry, said: "I personally believe that the company is still in the initial stage of recovery, and it is difficult to determine the future prospects. On the one hand, the business in Europe is still weak, on the other hand, the Chinese market is slowing down."

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