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Global coatings giants actively respond to the crisis

/ Friday, 08 May 2020 /

Recently, the global listed coating companies have disclosed the first quarter report, and mentioned the “new coronavirus pneumonia epidemic” in the quarterly report at the same time. Due to the negative impact of the epidemic, the performance of several coating giants in the first quarter of this year has been affected to varying degrees, and it is generally expected that the epidemic will have a significant impact in the second quarter.

At the same time, under the uncertainty brought about by the epidemic, various coating companies have taken various measures to deal with the crisis brought about by the epidemic, such as controlling costs, closing some factories, reducing executive salaries, reducing fixed wages, issuing bonds, bank loans Show full of “survival desire”.

From the perspective of major coating enterprises, the most important thing at present is to stabilize the cash flow. Whether it is cost control, executive pay cuts, and loans to banks, are actively strengthening the management of cash flow.

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