Nippon Paint's 10,000 t per year waterborne coating project 03-03-2023

Summary: In late Feb. 2023, the environmental information of the 10,000 t/a waterborne coating project of Nippon Paint (Henan) Co., Ltd. was publicised.

On 21 Feb., 2023, Kaifeng Ecology and Environment Bureau, Henan Province revealed the examination and approval opinions on the waterproof material project of Nippon Paint (Henan) Co., Ltd. This project is an expansion project and it will build 10,000 t/a waterproof material production lines utilising the project coating workshop within the existing plant site. This project contains interior waterproof wall coatings and exterior waterproof wall coatings, with capacity hitting 8,300 t/a and 1,700 t/a respectively. The total investment of this project is USD0.15 million (RMB1.00 million), USD14816.57 (RMB100,000) of which is environmental investment, accounting for 10% of the total. This project is situated in Xinwei Industrial Park, Weishi County, Kaifeng City, Henan Province, and it has been granted recordation by Administration Committee of Weishi Advanced Manufacturing the Development Zone.


Nippon Paint (Henan) Co., Ltd., founded in 2015, mainly engages in development, production, and sales of wall decorative materials, mortar for buildings, and thermal insulation materials.


In addition, on 14 Feb., Nippon Paint Holdings Co., Ltd. (Nippon Paint) disclosed its performance in Q4 2022 and in 2022. The company achieved sales revenues of JPY1.31 trillion in 2022, up by 31.1% YoY; net profits attributed to shareholders of the listed company rose by 17.5% YoY to JPY79.42 billion. Specifically, Nippon Paint's sales revenues reached JPY329.1 billion in Q4 2022, up by 25.6% YoY.


In terms of Nippon Paint's businesses in China, the sales revenues in 2022 climbed by 18.9% YoY to JYP450.7 billion; the sales revenues from automotive coating, architectural coating, and industrial coating sectors reached JYP50.1 billion, JYP374.2 billion, and JYP24.1 billion, up by 30.7% and 19.8% YoY and down by 6.1% YoY respectively. The operating profits of Nippon Paint's businesses in China slipped by 2.5% YoY to JYP34.9 billion in 2022.


Nippon Paint estimated that its sales revenues will grow by 7.0% YoY to JYP1.40 trillion in 2023; net profits attributed to shareholders of the listed company are predicted to attain JYP98.0 billion, a YoY increase of 23.4%.


More information can be found at CCM Titanium Dioxide China Monthly Report.

About CCM:

CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & feed and life science markets. Founded in 2001, CCM offers a range of content solutions, from price and trade analysis to industry newsletters and customized market research reports. CCM is a brand of Kcomber Inc.

For more information about CCM, please visit or get in touch with us directly by emailing or calling +86-20-37616606.

Subscribe to our Newsletter


Next Press