PPG cements place
By YANG CHENG (China Daily)
Updated: 2006-09-25 16:32
PPG set up one of the largest glass fibre production bases in the world in
Kunshan, Jiangsu Province. The base cost US$120 million and has an annual
production capacity of 70,000 tons.
Chinese market
Last year,
China's total coating output hit 3.82 million tons, a surge of 28.3 per cent
from the previous year and an all time high.
Foreign companies account
for 30 per cent of the market value.
Despite China's rapid development,
domestic enterprises profits fell by more than 455 million yuan (US$56.9
million). A total of 13.9 per cent of domestic enterprises suffered a loss last
year.
"The lack of technological innovation and intellectual property
rights protection is one of the major factors in the loss sustained by domestic
enterprises," said Wang Zhuo, executive director of the China Coating Industry
Association.
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Ripe time for Shanghai Port 