Nipsea Group wins control of Supe

摘要

Guangzhou, Guangdong - Singapore's Nipsea Group, which manages all Nippon Paint offices in Asia, acquired a 56% stake in polyurea paint maker Guangzhou Supe Chemical at RMB245m ($40m) in December 2013. Supe claims to be China's biggest producer of polyurea paint and epoxy floor paint with RMB500m revenue and over 10m m~2 annual construction space. The company has 26 years of experience in surface treatment and its polyurea paint has been used in China's railway construction, including the country's first inter-city high-speed rail.