Chuanhua shares Shanghai coatings are on the paint products price increase 2%-4%

China Coatings Network
News: Based on the introduction of the
coatings
consumption tax, Chuanhua shares (002010.SZ) and shanghai coatings listed on the shell double money shares (600623.SZ) will increase the price of coating products by 2-4%.
, Chuanhua shares insiders revealed that the company plans to start in mid-April, the paint products of the new single price increase of 2%-4%, of which the old customers increase the price of 2%, new customers increase the price of 4%. Shanghai coating insiders also said that the corresponding products have been downstream customers (dealers) price increases of 2%, last year has signed a contract for direct customers temporarily, if raw materials continue to rise in the future, will continue to adjust prices 2%;
with the approval of the State Council, a consumption tax on coatings will be levied from February 1st, with an applicable tax rate of 4%, and no consumption tax will be levied on coatings with volatile organic matter (VOC) content below 420 g/L (inclusive) under construction conditions. Beckers, the world's leading paint company, has officially announced a 4 per cent price increase from April 1, 2015, with existing sales contracts unaffected.
it is learned that Shanghai Coatings is the world's top 50 coatings enterprises, is the founder of China's coatings industry, is now named Shanghai Huayi Fine Chemical Co., Ltd., in 2014 its net profit of 213.5705 million yuan, it is expected to follow Huayi Group shell overall listing.
listed companies involved in coatings in China are: Jin Litai (300225.SZ), Yu Three Gorges A (000565.SZ), Rainbow Refining (002256. SZ, etc. Prior to this reporter was informed that although some of the above-mentioned companies have not raised prices, but has verified the specific tax varieties, in addition, most
coating enterprises
hope to pass on the cost downstream, the industry price increase expectations are relatively high.