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Although pigment companies generally noted that 2007 was a relatively good year for the industry, there are also numerous concerns for the future, including raw material costs, the economy, the elimination of the VAT in China and environmental mandates.
March 10, 2008
By: DAVID SAVASTANO
Overall, pigment manufacturers reported that 2007 was relatively good for business. However, there Photo courtesy of Heucotech. were plenty of concerns as well: the economic slowdown, higher petrochemical and raw material costs, the reduction and elimination of the value added tax (VAT) in China and closing of pigment companies due to environmental concerns in China. Peter Carey-Yard, marketing director, coatings, high performance pigments for Sun Chemical, said that...
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