Recently, the signing ceremony of Beixin Building Materials Joint Restructuring Carbury Chemical Group Co., Ltd. was held in Beijing Guohai Square China Building Materials Group. Zhou Yuxian, Party Secretary and Chairman of China National Building Material Group, Party Secretary and Chairman of China National Building Material Corporation; Wei Rushan, Member of the Standing Committee of the Party Committee and Deputy General Manager of China National Building Material Group, Deputy Party Secretary and President of China National Building Material Corporation; Yin Zibo, Chief Operating Officer of China National Building Material Group, Party Secretary and Chairman of Triumph Technology Group; Xue Zhongmin, member of the Standing Committee of the Party Committee and vice president of China National Building Material Co., Ltd., and chairman of Beixin Building Material Co., Ltd., attended the ceremony. The party secretary and general manager of Beixin Building Materials, and Qiu Qiming, chairman of Carbury, signed the agreement on behalf of both sides.
Zhou Yuxian said that China Building Materials Group is a central enterprise that has been growing through joint reorganization. Over the years, it has formed a set of mixed reform experience, realized the integration of central enterprises and private enterprises, burst out strong competitiveness, and ultimately achieved win-win development. Carbury is an outstanding private enterprise in China's paint industry. Beixin Building Material is a high-quality enterprise in the new material sector of China Building Material Group. In the field of gypsum board business, it has become better, stronger and bigger by joint reorganization. In the field of waterproofing business of "one body, two wings", it has also achieved a breakthrough by joint reorganization. The joint reorganization of Carbury and BNBM is a milestone event in the field of its coatings business and a major event in China's coatings industry. The cooperation between the two sides will surely achieve the strategic synergy of 1 + 1 & gt; 2, and will also effectively promote the healthy development of China's coatings industry. The mission of CNBM Group is "Materials Create a Better World". We hope that all of you will work together and make greater contributions to "Create a Better World" for China Coatings.
Wei Rushan said that Beixin Building Materials has inherited the excellent management and cultural genes of the Group, and the successful joint reorganization of Carbury is a major event for Beixin Building Materials to promote the strategic landing of "one body, two wings, global layout", as well as an important achievement of the reform of mixed ownership. It is expected that Beixin Building Materials and Carbury will work hand in hand to share development opportunities, create a better future and work together to promote the paint industry towards a new journey of healthy and high-quality development.
Xue Zhongmin, on behalf of BNBM, warmly welcomed Carbury to join. He said that in the context of the green transformation of the paint industry and the acceleration of industry concentration, the joint reorganization of Beixin Building Materials and Carbury is a timely move to seize opportunities and follow the trend with the overall situation in mind. Carbury became a member of the central enterprise, with the enabling support of BNBM; BNBM strengthened the paint business, and truly realized "two wings fly together". Through this joint reorganization, BNBM will expand and strengthen the platform, optimize the allocation of resources, deepen the coordinated development of the original business and Carbury business, move towards the leading paint industry in China, and build a national paint brand with hard core strength. In his speech,
Qiu Qiming thanked China Building Materials Group and Beixin Building Materials for giving Carbury a bigger development platform, becoming a member of listed companies and putting on the "national team" battle gown. He said that when Carbury was founded in 1993, it set up the vision of "Chinese paint is proud of Carbury". In the past 30 years, we firmly believe that only by abiding by the rules can we travel far and grow with the trend. It is believed that Beixin Carbury will create new brilliance in China's paint market.
This joint reorganization is a milestone event in China's coatings industry and a major breakthrough in the development of Beixin Building Materials Coatings Business. Under the guidance of the new development strategy of "one body, two wings and global layout", Beixin Building Materials has continuously opened up new development space with gypsum board, waterproof materials and coatings as its core business. As a strategic main business, the coatings business has developed and expanded in an all-round way. In 2021, Beixin Coatings Co., Ltd., a platform company for the development of coatings business, was established, which owns influential brands such as Dragon Brand of Architectural Coatings and Lighthouse Brand of Industrial Coatings. In 2023, it formally entered the powder coating industry and developed and promoted the one-stop solution of powder coating + coating.
Carbury is one of the leading enterprises in the domestic coatings industry, with good brand awareness and perfect sales network. Architectural decorative coatings rank among the top five in the country, furniture coatings rank among the top three in the country, and top 30 in the global coatings industry. It has nine production bases in Guangdong, Shanghai, Anhui, Sichuan, Hebei and other places, with a production capacity of more than 1 million tons, and is one of the few national paint brands with national influence.
Carbury's joining BNBM will help BNBM's coatings business to start a new round of strong development, achieve a significant increase in revenue, profit and industry impact, help the operation of "strengthening one body, two wings flying together", vigorously promote the realization of the strategic goal of "one body, two wings, global layout", further expand the overall growth space, and add a strong engine for development. In the future, Beixin Building Materials will further strengthen the capacity and platform construction after the joint reorganization, make Carbury stronger, better and bigger, and contribute more to the revival of China's paint industry.
