Home Page Bulletin Board | MANKU Secures New Funding; GOME Suspends Salary Payments; Benlang New Materials Lists on BSE

【Answer 1】 November 3: Dongpeng Holding and ORVIBO announced a strategic partnership to jointly develop IoT-enabled advanced materials, intelligent ceramic and bathroom products, and an AIoT platform enabling seamless interconnection among both parties’ ecosystem products—collaborating to build an integrated home ecosystem for the era of whole-home intelligence. Hankmark (Italy) Decorative Paints Enters Strategic Partnership with Junjiang Shijia November 2: Hankmark, a renowned Italian decorative paint brand, announced a strategic partnership with Chinese paint brand Junjiang Shijia, appointing the latter as its General Agent for Greater China and establishing the Hankmark Asia-Pacific Operations Center in Shunde—officially entering the Chinese market. Funding Corner MANKU Completes New Round of Financing November 3: MANKU, a new retail brand specializing in whole-home interior solutions, announced completion of a new strategic financing round. Investors include Zhejiang University Future Innovation Fund and Zijinggang Capital. The funding amount remains undisclosed. Proceeds will primarily support nationwide promotion and expansion of MANKU’s whole-home soft-furnishing business model. Industry Updates 2022 China Quality Living Concept Exhibition Opens in Shenzhen November 3: The three-day 2022 China Quality Living Concept Exhibition (IPD HOME) opened at the Shenzhen World Exhibition & Convention Center. Multiple Exhibitions Urgently Cancelled or Postponed November 1: The 2022 China International Kitchen & Bath Expo (KIB 2022) was cancelled; the 2022 China International Hardware Show (CIHS 2022), Global Surface Conference, 24th China International Flooring & Installation Technology Exhibition, and 28th China•Guzhen International Lighting Fair were all postponed. Exports of Building Ceramics & Sanitary Ware Up 9.33% in First Three Quarters November 1: The China Building Ceramics Association released its analysis report on building ceramics and sanitary ware exports for January–September 2022. Total export value reached USD 18.695 billion, up 9.33% year-on-year. Specifically, building and sanitary ceramics exports totaled USD 10.416 billion (+3.07%), while hardware and plastic bathroom products exports totaled USD 8.279 billion (+8.07%). International Perspective U.S. Furniture Manufacturer Flexsteel to Pay USD 700 Million to Clean Up Production Pollution November 1: U.S. furniture manufacturer Flexsteel announced it has agreed to pay approximately RMB 710 million (USD 100 million) to the U.S. federal Superfund environmental cleanup program to remediate underground wastewater contamination in Indiana caused by its manufacturing operations. Sherwin-Williams Invests USD 300 Million to Upgrade Manufacturing & Distribution Facilities November 1: Sherwin-Williams began expanding its 200,000-square-foot manufacturing facility in Statesville, North Carolina, adding 36,000 square feet and constructing an 800,000-square-foot distribution and fleet transportation center. Four new rail spurs will be added to the existing plant, and an additional 200,000 square feet of space will be reserved at the distribution center for future expansion. The project is scheduled for completion by end-2024. Häfele Appoints New CEO November 1: Häfele, a global leader in furniture hardware and fittings, announced that CEO Sibylle Thierer will hand over management responsibilities to current Managing Director Gregor Riekena, aged 45. The transition will be effective January 1, 2023.

Global Coatings Companies Top 100 Ranking Released: Sherwin-Williams Tops Global List for Sixth Consecutive Year

【Answer 2】 July 25: TuJie, a professional financial media outlet covering China’s coatings industry, released the “2025 Global Coatings Companies Top 100 Ranking” (Note: Full ranking available for viewing). As a barometer of the world coatings economy, this ranking once again crowned U.S.-based Sherwin-Williams—with USD 23.1 billion in sales revenue—as the world’s top coatings company, marking its sixth consecutive year at number one. The methodology used for this ranking aligns with that applied to TuJie’s “China Coatings Companies Top 100” and “Asia-Pacific Coatings Companies Top 50,” encompassing both listed and unlisted coatings enterprises. This year’s list includes companies from 28 countries and regions. Readers can use this ranking and its underlying data to understand the latest development trends of the world’s largest coatings companies—particularly gaining insight into competitive dynamics, strengths and weaknesses, and potential gaps among major global players. According to the data, the combined annual revenue of the 100 ranked global enterprises totals USD 121.7439 billion—a decrease of USD 8.3709 billion from last year. One key reason for the decline is the exclusion of non-coatings-related revenues from certain companies. Collectively, these 100 companies account for 60.12% of total global coatings revenue—down 2.71 percentage points year-on-year. This year’s minimum revenue threshold for inclusion rose slightly to USD 112.6 million, down only USD 0.004 million from last year’s threshold. Image: Rendering of Sherwin-Williams’ New Global Headquarters Founded in 1866 and headquartered in Cleveland, Ohio, Sherwin-Williams is one of the world’s oldest dedicated coatings companies. Over its more than 150-year history, the company has grown steadily to become today’s largest global coatings enterprise. Currently, its operations are organized into three major business segments: Paint Stores Group, Consumer Brands Group, and Performance Coatings Group—serving over 120 countries and regions worldwide. Its business spans North America, South America, Europe, and the Asia-Pacific region. Product lines include architectural coatings, wood finishes, packaging coatings, industrial heavy-duty protective coatings, automotive coatings, coil coatings, marine coatings, and powder coatings. Its portfolio features globally recognized brands such as Sherwin-Williams, Valspar, Huarun Paint, Berger Roma, Aquaspar, Sayerlack, and Inchem. As of end-2024, Sherwin-Williams employed 63,890 people worldwide. Data shows Sherwin-Williams’ sales revenue stood at just USD 1 billion in 1977; surpassed USD 8 billion in 2008, becoming the world’s third-largest coatings company; first exceeded USD 10 billion in 2015, ascending to the world’s second-largest; and, following its 2017 acquisition of U.S. rival Valspar, overtook PPG to become the world’s largest coatings producer. It has now held the top position for six consecutive years. Per its annual reports, Sherwin-Williams’ sales revenue grew from USD 11.139 billion in 2015 to USD 23.1 billion in 2024—a 107.38% increase over ten years, representing a compound annual growth rate (CAGR) of 7.85%. Net profit rose from USD 1.054 billion in 2015 to USD 2.6814 billion in 2024—a 154.40% increase over ten years, with a CAGR of 15.18%.

Sherwin-Williams Opens Expanded Statesville Facility, Largest in North America

Oct 6, 2026

Sherwin-Williams has opened its largest North American plant in Statesville, NC, expanding its architectural paint and coatings capacity by nearly 50,000 square feet. The facility upgrade includes automation improvements and new rail spurs to enhance supply chain efficiency.

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