Cooperate and develop to shape the future
Shanghai2023/9/25 /PRNewswire/ -- On September 24-26, 2023, the “2023 Asia Pacific International Coatings Industry Development Conference” jointly organized by the China Coatings Industry Association and the Puyang Municipal People's Government was held in Puyang City, Henan Province. Mr. Ye Jun, CEO of Yip's Chemical Group, attended the conference and delivered a keynote speech.
The theme of this conference is “Cooperative Development, Co-Shaping the Future”. The conference is based on the development and application of new materials and technologies in the international paint industry, guides the paint industry to explore new opportunities for scientific and technological innovation in the industry, promotes the recovery of the paint industry in the post-pandemic era, and pushes the paint industry towards a green and sustainable path. More than 400 people from relevant national ministries and departments, the World Coatings Council, the Asian Coatings Council and relevant national paint industry organizations, academicians, research institutes, universities, and well-known upstream and downstream paint companies at home and abroad attended the conference.
At the conference, Mr. Ye Jun, CEO of the Group, made a wonderful speech entitled “New Opportunities for Traditional Industries”. Mr. Ye first reviewed the development history and overall overview of Yip's Chemical Group. Over the past 50 years, Ye's has focused on the chemical industry, has become the world's largest acetate solvent manufacturer, China's number one ink manufacturer, China's leading paint manufacturer, and a professional automotive lubricant brand, and has achieved a series of development achievements. Now, in the face of China's economy entering a new stage of development and significant new changes in consumer demand, Yip's Chemical has also taken the initiative to initiate business changes and innovation to seek greater breakthroughs in development. Specific measures include:
1. Leveraging development. In the solvent business, we have introduced strategic partners, cooperated with leading private equity fund Taimeng, to jointly develop the acetate solvent and acetic acid market, vertically integrate and enhance control over the price and supply of raw materials (acetic acid), enhance the competitiveness of downstream acetate solvent products, and further strengthen Qianxin Chemical's leading position in the acetate solvent market.
2. Pursue high-quality development in the stock market. In the architectural coatings business, the Bauhinia brand under the Group understands trends in the paint industry and changes in consumer demand of the new generation, continuously improves a strong retail network covering the whole country, builds more high-end brand stores, and enhances customer service experience; cooperates with industry-leading color and interior design experts to establish a professional marketing and operation strategy to promote artistic coatings and home design solutions; provides dealers with full-process standards and systems from product supply to construction services; provides consumers with comprehensive solutions for wall decoration, and ultimately promotes high-quality development of the paint business.
3. Continue to develop in the direction of “terminalization, environmental protection, and service”. With the solid foundation and extensive network accumulated by Yip's Chemical in the industry, it is actively moving towards a B2C model, adopting more environmentally friendly technology and green production to bring green living solutions to customers, extending from selling products alone to value-added services to end customers. By providing green and high-quality chemical products and services, it adds glory to the families and lives of the public.
President Ye expressed his hope that through the above development strategies, Yip's Chemical will continue to strengthen its core competitiveness in various fields, lay a solid foundation for the Group's long-term development, and create more value for business partners and shareholders. Looking forward to the future, while focusing on consolidating the infrastructure, the Group will also strive to explore business diversification, build a more stable chemical platform, and promote the Group's corporate vision of “One Hundred Years of Yip's”.
About Yip's Chemical Group:
Yip's Chemical Group Limited (stock code 00408.HK) was founded in 1971 and listed on the Hong Kong Stock Exchange in 1991. The Group has been focusing on the production, sale and promotion of chemical products for over half a century, including architectural and industrial coatings, inks, resins and lubricants.
The Group is headquartered in Hong Kong, China. The Group's revenue in 2022 is HK$14 billion, the number of employees is nearly 3,000, it has 9 factories in mainland China, and a product sales and service network all over China.
Qianxin Chemical, a joint venture of the Group, is the world's largest producer of acetate solvents. The Group's Bauhinia brand is the number one ink manufacturer in China, and the Group's Bauhinia brand is one of the leading paint manufacturers in China.
The Group is committed to promoting green living and fully implementing the policy of “terminalization, environmental protection and service” in business development and strategic investment.
About Bauhinia New Materials Group:
Bauhinia New Materials Group was founded in 1982 and is affiliated with Hong Kong Yip's Chemical Group Co., Ltd. (stock code: 00408.HK). It has over 40 years of development experience in the Chinese paint industry. The main business includes four segments: architectural coatings, industrial coatings, resins, and new materials.
Since its development, Bauhinia has established large-scale automated production bases in Huiyang, Guangdong, Jinshan, Shanghai, and Chengdu, Sichuan. The products produced have successively passed many authoritative certifications at home and abroad, and are sold to the market through brands such as Bauhinia, Hengchang, Dachang, Camel, BCG Art, Zijiang, and Qi Mei.
Adhering to the enterprise spirit of “focus on paint, heart in people”, the Group will continue to adhere to the brand concept of “high performance for healthy life”. Through environmentally friendly paint products and professional services, we will build a better living environment for Chinese families, create sustainable value for professional customers, and finally realize the corporate vision of “home and expert”.