【News】 Xiangjiang Paint won orders exceeding 50 million yuan and won bids for multiple petrochemical engineering coatings projects

Recently, Xiangjiang Coatings Technology Co., Ltd. has won bids for several major petrochemical anti-corrosion coatings projects, including the Shaanxi Yanchang Petroleum (Group) Co., Ltd.'s joint procurement project for paint and coatings storage under a framework agreement (Section 1: general-purpose paint and coatings), the Sinopec Jiujiang Branch's 1.5 million tons of aromatics and refinery support renovation project, epoxy resin coatings, and the Huizhou Lituo New Materials Co., Ltd.'s 300,000 tons/year polyolefin anti-corrosion coatings project. Furthermore, Xiangjiang Coatings Technology Co., Ltd. was awarded first place in the China National Chemical Engineering Group Corporation's framework procurement - paint project, with a bid price of 2.1 million yuan. The Sinopec Jiujiang Branch project had a bid price of 44.8502 million yuan.

In February of this year, Hebei Installation Engineering Co., Ltd. announced the results of the steel structure paint tender for Pingxiang Xuyang Energy Co., Ltd.'s 1.8 million tons per year coking project, which included Hunan Xiangjiang Paint Group Co., Ltd. as a finalist. Earlier this year, Sinopec International announced the evaluation results for the 2024 Sinopec Shanghai Petrochemical Co., Ltd. framework agreement for Sinopec general paints, water-based industrial paints, and solvent-free paints, showing that Xiangjiang Paint Technology Co., Ltd. was successfully shortlisted for each of these projects, with bids of 273.0985 million yuan, 65.4787 million yuan, and 50.1937 million yuan, respectively.

As one of the earliest established coatings companies in China, Xiangjiang Paint has 75 years of development and boasts a rich technical heritage and a comprehensive portfolio of high-quality products, fully meeting the diverse needs of customers in the petrochemical industry. Winning bids for these multiple petrochemical project anti-corrosion projects not only demonstrates the project owner's high recognition of Xiangjiang Paint's product quality and service, but also demonstrates its exceptional competitiveness in the petrochemical anti-corrosion coatings sector, which will help enhance the company's brand influence and market share.

According to information, Xiangjiang Coating Technology Co., Ltd. primarily engages in the research and development, production, and sales of coatings. Its business covers a wide range of products, including petrochemical anti-corrosion coatings, engineering equipment coatings, industrial equipment coatings, bridge anti-corrosion coatings, steel structure anti-corrosion coatings, energy storage protective coatings, commercial vehicle coatings, automotive parts coatings, wind power coatings, and military coatings. The company has established strategic partnerships with numerous well-known domestic companies in the fields of engineering machinery, rail transit, petrochemical, military, and wind power sectors, and serves as an excellent supplier or sole supplier to many renowned enterprises.

Xiangjiang Coatings, the parent company of Xiangjiang Technology, was founded in April 1950. It primarily engages in the research and development, production, sales, and integrated coating services for coatings and resin products. It owns three leading brands: "Xiangjiang," "Shuangta," and "HKP," and its product lines encompass 18 categories, including automotive coatings, specialty coatings, heavy-duty anti-corrosion coatings, engineering machinery and equipment coatings, petrochemical and power anti-corrosion coatings, architectural coatings, floor coatings, wind power coatings, and military coatings. The group currently operates four modern coatings production bases in Hunan and Henan, employing over 2,000 people.

Xiangjiang Paint has partnered with renowned domestic and international universities such as Hunan University to establish a joint industry-university-research base. It has also established joint product development laboratories with leading domestic companies in the fields of engineering machinery, rail transit, wind power, and military industry. The company currently boasts a number of advanced R&D and quality inspection centers, including a national-level aging resistance testing center laboratory, a collaborative R&D center for postdoctoral research, the Hunan Enterprise Technology Center, the Hunan Engineering Machinery Coatings Engineering Technology Research Center, the Henan Vehicle Paint Engineering R&D Center, and the Hunan Green Automotive Coatings Engineering Technology Research Center.

After more than 70 years of development, Xiangjiang Paint has become a significant force in the Chinese and global coatings markets. According to a series of authoritative rankings published by Coatings World, Xiangjiang Paint has been ranked 25th among the Top 100 Global Coatings Companies by 2024, 10th among the Top 50 Asia Pacific Coatings Companies by 2024, and 9th among the Top 100 Chinese Coatings Companies by 2024. In addition, Xiangjiang Paint ranked 16th in the "2024 Global Top 20 Industrial Coatings Brands Ranking" and is the only Chinese paint brand on the list.