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Saudi Arabian paints and varnishes market grows 39% over 2007-12; development pae rises

signi!iantl" !ollowing 200#-09 global reession$ espite derease o! 10% points !rom 2007&

reliane on imports remains relativel" high& with more than hal! o! paints and varnishes in Saudi

Arabia imported in 2012$ 'abor osts aount !or 1(% o! total outla" and pro!it margin up to

3)% o! turnover in 2012$ #% *A+, in loal pla"ers turnover pro.eted over !oreast period&

with development dependent on ountr"s onstrution industr" e/pansion and government

investments in in!rastruture$

Falling crude Oil prices a margin booster for paint companies

Shares o! paint makers rose on onda" as international rude oil pries ontinued to !all& raising

hopes o! better pro!it margins$ *heaper oil redues input osts !or paint ompanies& whih use

rude derivatives$

Asian aints 'td shares rose to reord ,s$#01 apiee& be!ore losing 7$13% up at ,s$79$7)$ he

brokerage unit o! 4ank o! Ameria errill '"nh has upgraded Asian aints !rom 5neutral6 to

5bu"6&Bloomberg reported$ he brokerage noted that higher demand due to the improving

eonom" and !avourable raw material ostsmainl" !alling rudean boost the ompan"s

pro!it margins$

4erger aints 8ndia 'td rose 11$7#% to ,s$(39$20& ansai :erola aints 'td 3$07%

to ,s$2&073$()& Shalimar aints 'td#$2(% to ,s$1#1$90 and Ako :obel 8ndia 'td ($21%

to ,s$1&3#7$7)$

4rent rude prie !or aint-shares-.ump-on-lower-rude-oil-pries$html

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