Carpoly Busy Preparing IPO for Expanding Coating Capacity

The latest issue of Titanium Dioxide China Monthly Report 1111 has been published by CCM International on November 25, 2011. It indicates that Carpoly, the largest coating producer in China, prepares for IPO to raise funds for coating capacity expansion.

Carpoly’s IPO projects include two projects from its subsidiary Guangdong Carpoly Scientific Materials Co., Ltd. (210,000 t/a coating production and its auxiliary projects, high performance coating R&D center construction project) and two projects from Carpoly (marketing network transformation & upgrade project, information system upgrade project).

Carpoly’s IPO operation meets the environmental protection requirements for IPO. Ministry of Environmental Protection (MEP) proclaimed the results of Carpoly's IPO Environmental Protection Inspection (EPI) on 8 Nov. 2011.

According to MEP's report, Carpoly consumed about eight thousand tonnes of TiO2 in 2010, up 29% year on year. Once Carpoly gets listed, it is obvious that its capacity of coatings will further increase, which leads to larger consumption of TiO2.

You might discover more details in Titanium Dioxide China Monthly Report 1111 with the following headline news:

-China encounters fading TiO2 export VS booming import in Sept. 2011.

-Sichuan Lomon and Shandong Dongjia both attempt IPO again, aiming at developing chloride TiO2.

-TiO2 multinationals benefit from higher selling prices, and manage to offset the impact of raw materical cost increase.

-Cristal plans to build a new titanium slag plant in Saudi Arabia, which will aggravate the already serious shortage of ilmenite.

-Iluka, Kenmare, Rio Tinto all get strong production of titanium feedstock in Q3 2011.

-Carpoly prepares for IPO to raise funds for coating capacity expansion.

-Dulux reinforces its position in China by absorbing Campelpaint.

-China's TiO2 price decline goes on in Nov. 2011, with no sign of ending.

-Kronos sets off TiO2 price hike that will take effect on 1 Jan. 2011.(Guangzhou China, November 28, 2011)

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

For more information, please visit http://www.cnchemicals.com.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_c_845.html

Carpoly Actively Preparing for IPO

China's largest coating producer Guangdong Carpoly Chemical Group Co., Ltd. (Carpoly) is preparing for IPO, according to CCM’s November issue of TiO2 China Monthly Report.

It expects to raise funds of USD108 million by IPO for new projects of its subsidiary Guangdong Carpoly Scientific Materials Co., Ltd. (Carpoly Scientific). The IPO projects include two projects from Carpoly Scientific (210,000 t/a coating production and its auxiliary projects, high performance coating R&D center construction project) and two projects from Carpoly (marketing network transformation & upgrade project, information system upgrade project).

On 8 Nov. 2011, the Ministry of Environmental Protection (MEP) proclaims the results of Carpoly's IPO Environmental Protection Inspection (EPI), which ranges over the period from 1 Jan. 2008 to 31 March 2011. After the inspection, the MEP decides that Carpoly's operations can meet the environmental protection requirements for IPO.

By now, Carpoly has seven wholly-owned subsidiaries (including a second-level subsidiary). With coatings capacity expansions over these years, Carpoly has a growing demand for TiO2. According to MEP's report, Carpoly consumed about eight thousand tonnes of TiO2 in 2010, up 29% year on year. Once Carpoly gets listed, its capacity of coatings will further increase, which is bound to lead to larger consumption of TiO2.

(Guangzhou China, November 28, 2011)

Source: TiO2 China Monthly Report 1111

http://www.cnchemicals.com/Newsletter/NewsletterDetail_7.html

Content of TiO2 China Monthly Report 1111:

China encounters fading TiO2 export VS booming import in Sept.

China's titanium feedstock import peaks in Sept. 2011

Rio Tinto sees strong output of titanium feedstock in Q3

Iluka gets strong ilmenite production in Q3

Kenmare increases its ilmenite production

Sichuan Lomon and Shandong Dongjia both attempt IPO again

TiO2 multinationals benefit from higher selling prices

Cristal to build a new titanium slag plant in Saudi Arabia

ISK's revenue grows on higher TiO2 prices in Q3 2011

Performance of international coating companies in Q3

Dulux reinforces its position in China by absorbing Campelpaint

China sees progress in the color masterbatch industry

Carpoly actively preparing for IPO

China's TiO2 price decline goes on in Nov.

Kronos sets off TiO2 price hike for the next year

Editor’s Note

In Oct. 2011, China's manufacturing PMI fell back to 50.4%, with a great decline in import/ export order index and purchasing price index, and an increase in product inventory index. It indicates a relief of the inflation in China accompanied by an adverse external economic environment.

Meanwhile, China's CPI decreases for the third consecutive month and reaches 5.5%. In this case, Premier Wen Jiabao said on 25 Oct. the government would further fine-tune its macroeconomic policy by an appropriate degree at an appropriate time.

China's listed companies are under the inspection of Environmental and Social Responsibility now, and the companies to be listed must pass the Environmental Impact Assessment first, according to the 12th Five Year National Environmental Protection Plan released by the Ministry of Environmental Protection (MEP) on 9 Nov. 2011. China aims to reduce its CO2 emission per GDP by 17% between 2011 and 2015.

In the TiO2 industry, Sichuan Lomon and Shandong Dongjia successively attempted IPO in Nov. 2011. In addition to the strict environmental protection requirements, they also face the challenge of TiO2 price decrease in domestic market that lasts for four months due to the weak demand.

TiO2 China Monthly Report, a monthly publication issued by CCM International on 25th of every month, will penetrate into Chinese TiO2 market from a global view, deeply analyse TiO2 industrial chain and manufacturers’ competitiveness and trace the latest industrial hotspots and dynamics, aiming to provide the most valuable information about China’s TiO2 industry.

About CCM

CCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff of more than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis, Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its new proprietary product ValoTracer.

For more information, please visit http://www.cnchemicals.com.

CCM International Ltd.
Guangzhou CCM Information Science & Technology Co., Ltd.
17th Floor, Huihua Commercial & Trade Mansion, No.80 Xianlie Zhong Road, Guangzhou 510070, China

Tel: 86-20-37616606

Email: econtact@cnchemicals.com

Source: http://www.cnchemicals.com/PressRoom/PressRoomDetail_w_840.html