China Coatings Network
News: Based on the
consumption tax levy, Chuanhua shares and shanghai coatings to borrow double money shares of the city will be the price of coating products 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 sales customers temporarily, if raw materials continue to rise in the future, will continue to adjust prices 2%; In addition, the company follows Huayi Group's overall listing, as soon as these two months to implement.
approved by the State Council, from February 1st, the consumption tax on coatings will be levied at 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.
domestic listed companies involved in coatings are: Jin Litai (300225.SZ), Yu Three Gorges A (000565.SZ), Rainbow Refining (002256.SZ) and so on. Previously, the Great Intelligence News Agency was informed that although some of the above-mentioned companies have not raised prices, but has verified the specific tax varieties, in addition, most
want to pass on the cost downstream, the industry price increase expectations are relatively high.