COSCO Shipping International's investment in the c

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Uncover the coating industry of COSCO Shipping international: invest in 6 companies covering 2 fields

uncover the coating industry of COSCO Shipping international: invest in 6 companies covering 2 fields

November 2, 2018

in the coating industry, some enterprise names can make people see at a glance that their main business is 2.1 experimental machines or parts and components with large weight should be convenient for lifting and installation, such as: sankeshu coating Co., Ltd; But there are also some enterprise names that people can't see their main business at a glance, and they need to be understood, such as AkzoNobel; At the same time, some enterprises indirectly invest in coating business through equity investment companies, such as COSCO Shipping international

from the surface of its name, COSCO Shipping international may make people think that it is an enterprise specializing in shipping services, which has nothing to do with chemical coatings. However, the paint production and sales business is the business unit with the largest profit contribution in COSCO Shipping international shipping service sector, including container paint, marine paint and industrial heavy-duty anti-corrosion paint China paint

this Hong Kong enterprise was listed on the main board of the stock exchange of Hong Kong Limited in February 1992. Its stock code is 00517. It was acquired by COSCO (Hong Kong) group in 1997 and became its subsidiary. COSCO Hong Kong is a wholly-owned subsidiary of China Ocean Shipping (Group) Corporation

COSCO Shipping international, formerly known as COSCO International Holdings Limited, was changed to COSCO Shipping International (Hong Kong) Limited in 2016. In the early stage, COSCO Shipping international invested in diversified businesses. It was not until 1992 that COSCO Shipping international really involved in the coating business

COSCO Kansai was first involved in coating business

in 1992, COSCO Shipping international jointly established a joint venture with Japan's largest coating manufacturer Kansai coating Zhushi (Japan Kansai coating) Corporation - COSCO Kansai coating chemical (Tianjin) Co., Ltd., with a registered capital of 5million US dollars, a total of 8 shareholders, and the initial equity is unknown

COSCO Kansai coating chemical (Tianjin) Co., Ltd. is located in Binhai New Area, covering an area of 28000 square meters. It is mainly engaged in the production and sales of container coatings and industrial heavy-duty anti-corrosion coatings, with an annual production capacity of 30000 tons

COSCO Kansai coating chemical (Tianjin) Co., Ltd. is the first joint venture invested by Kansai, Japan in China, and the company is actually controlled by Japan. According to Mu Chengquan, head of the marketing system reform working group of COSCO Kansai coating and chemical (Tianjin) Co., Ltd., at that time, COSCO Kansai was not so much an enterprise as a processing factory. All raw materials needed to be imported from Japan, and the sales was handled by "Hong Kong Kansai" registered in Hong Kong, which extracted 10% of the sales amount as a commission

it was not until COSCO Shipping international was acquired by COSCO (Hong Kong) group in 1997 that the situation began to change with the entry of COSCO industry. COSCO Industry Corporation is an important core enterprise in the land industry of China Ocean Shipping (Group) Corporation, involving three industries: coating, shipbuilding and steel structure. Based on the integration of domestic shares such as Tianjin COSCO and Tianjin CITIC, COSCO industry became the largest shareholder of COSCO Kansai through capital increase, and officially signed the equity transfer ceremony in 2003

the equity ratio we see now is $3.5135 million invested by COSCO Shipping international, accounting for 63.07% of the shares; Kansai coatings of Japan contributed US $1764500, accounting for 35.29% of the shares. Through COSCO industry, COSCO Shipping international obtained absolute control. In striving for the dominance of COSCO Kansai, Hong Kong Kansai suddenly announced that it would no longer sell COSCO Kansai products. COSCO Kansai has also started a real business since 1997

with the development of business, COSCO Shipping international has successively established COSCO Kansai coating chemical (Zhuhai) Co., Ltd., COSCO Kansai coating (Shanghai) Co., Ltd. and COSCO Kansai coating chemical (Shanghai) Co., Ltd. with Japan Kansai coating in 2006 and 2017, respectively, to meet the growing needs of customers and expand business territory. From the perspective of equity ratio, COSCO Shipping international holds more than 63% of the shares in these four joint ventures and has an absolute controlling stake

Zhuhai factory is located in Lingang Economic Zone of Zhuhai, covering an area of 67882 square meters, with an annual production capacity of 36000 tons; The newly built Shanghai new factory in 2017 is located in Shanghai Jinshan second industrial zone, covering an area of 61097 square meters, with an annual production capacity of 75000 tons; Another home 10. Displacement measurement accuracy: within ± 0.5% of the indicated value; Located in Baoshan District, yuanguanxi coating chemical (Shanghai) Co., Ltd. is mainly responsible for the wholesale, import and export of container coatings, marine coatings, industrial anti-corrosion coatings and architectural coatings, and provides relevant supporting services

at present, the industrial heavy-duty anti-corrosion coating products produced by COSCO Kansai have been widely used in nuclear power plants, ports, electric power, petroleum, petrochemical, transportation, municipal construction and other industries. COSCO Kansai is also the main supplier of the largest coating project of Hong Kong Zhuhai Macao Bridge

establish COSCO Jotun to develop China's marine paint market

2002 is undoubtedly a turning point for COSCO Shipping international. In that year, COSCO Shipping International announced its strategic transformation with the ship service industry as its core positioning. In July, 2005, COSCO Shipping international and Jotun group of Norway jointly established a joint venture, COSCO Jotun marine coatings (Qingdao) Co., Ltd., with 50% contribution from COSCO International and Jotun group respectively

in fact, this is not just an ordinary business cooperation with Alibaba, but the first cooperation between the two sides. As early as 1993, Jotun group had a joint venture with China Ocean Shipping (Guangzhou) company to establish the first paint manufacturer in Guangzhou, COSCO Jotun marine paint (Guangzhou) Co., Ltd. (cancelled). Later, in order to further strengthen cooperation, the two sides set up a company in Qingdao

COSCO Jotun Qingdao plant is located in Qingdao high tech Industrial Development Zone, covering an area of 85333 square meters, with a total investment of 316million yuan. It is mainly engaged in the production and sales of marine coatings, with an annual production capacity of 67500 tons. It is one of the largest and most advanced marine coating production plants in China

at the same time, it is generally landfilled with garbage. In order to better supply paint to shipyards, COSCO Jotun has set up sales offices in Guangzhou, Shanghai, Tianjin, Dalian, Qingdao and Hong Kong, which are responsible for the unified operation of the production and sales of ship coatings in China (including Hong Kong and Macao), including the production and sales of new shipbuilding paint, dock repair paint and ship maintenance paint

after more than ten years of development, COSCO Jotun has become a leader in China's marine coating industry with its strong technical force and widely distributed port distribution network. It has successively provided marine coating solutions for the world-famous polar expedition ship "Snow Dragon", China's largest container ship, China's first Haohua polar cruise ship and other projects

ship and heavy-duty anti-corrosion coating has become one of the main business divisions of COSCO Shipping international. In order to strengthen and enhance the shipping service industry cluster, accelerate the integration of various resources and improve the service level of shipping related industries, the company actively seeks to extend and expand the upstream and downstream of the existing industrial chain

in May this year, COSCO Shipping International announced that the company invested 89.83 million yuan to subscribe for 33% of the equity of Changshu vegetarian biomaterial Technology Co., Ltd. It is understood that Changshu Susu bio is mainly engaged in the research and development, production and sales of biochemical products, and has been committed to developing a number of product lines with cashew nut shell oil as raw material. The company's products include epoxy resin additives for paint production, resin modifiers, etc., and is one of the raw material suppliers of marine coatings and heavy-duty anti-corrosion coatings. COSCO Shipping international plans to extend the coating sector upstream through Changshu antibiotic resistant biology to strengthen the company's existing sector industrial chain

in the first half of 2018, COSCO Shipping International's revenue from the coatings division was HK $516 million, a year-on-year increase of 33%, and its pre tax profit was HK $832000, a year-on-year decrease of 98%, mainly due to the sharp decrease in COSCO Jotun's profit

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