Welcome!

News Feed Item

Tanke Signs Incubation and Management Agreement in Growing Chemical Manufacturing Sector

First Agreement Contributes $4.8 Million in 2014 Revenues

ST. LOUIS, MO -- (Marketwired) -- 02/18/14 -- Tanke, Incorporated (OTC Pink: TNKE) (the "Company"), a diversified holding company focused on emerging technologies and "cleantech" is pleased to announced the signing of an incubation, management and investment agreement with Xinyue Coating and Finishing Ltd., a company headquartered in Jiaxing City, China. The agreement is expected to bring management revenues of $4.8 million in 2014 and additional incubation and investment revenues of $60 million.

Tanke's incubation and management program will provide Xinyue microfunding, management and financial advisory services to transform their export dependent model into a growth oriented one thought diversification, brand promotion and technology adaptation.

"Xinyue reputation in their regional industry is already very good and under our incubation and investment program we expect them to expand into new, larger opportunities and broaden their geographic distribution. Its business is in a growing and undiscovered industry which we like, a good investment opportunity with much upside potential," stated Xiaoying Zhang, CEO of Tanke Inc.

Xinyue is a leading pigment, dye and paint manufacturer and distributor in the Zhejiang Province, a coastal area with over 54 million population and a GDP of $613 billion (2013), 4th largest regional GDP in China.(2) Xinyue is a well established dye, pigment and paint company's whose main product have traditionally served the export-oriented market. After a decade, they have grown to become the leader in their region with a group turnover of over $500 million. However, dependency on the export market has required them to diversify into other market and business segments. The company is a successful startup case. "We started with just one truck, a handful of brushes, and the desire to provide general contractors with resources on which they could depend," says Joseph Z. Miao, Founder and President of Xinyue.

The worldwide market for dye and pigments is expected to rise to US$34.2 billion by 2020.(5) Asia has the highest rate on a quantity basis followed by Europe and North America. The Dye and pigment in the US alone is an $8 billion industry, where inorganics represents 68% of the industry revenues, according to the US Census Bureau. The worldwide market had a total volume of around 7.4 million tons (2006) and US$ 20.5 billion in 2009, around 1.5-2% up from the previous year. Stable growth rate is expected for the near future. Demand in the US for paint and coating alone is expected to rise 4.2% annually to 1.5 billion gallons by 2017 with the architectural and automotive market remain the fastest growth and the residential offering good opportunities with Asia Pacific being the largest market in the world. The worldwide sales are said to increase up to US$ 24.5 billion in 2015, and reach US$ 27.5 billion in 2018. (1,3,4,6)

"We are thrilled to enter to this agreement with Xinyue. We announced the launch of our new innovative and strategic incubation program this year 2014 and this agreement marks the beginning of it; a program that is aimed at accelerating companies growth though technologies and brands to the market, this incubation and management program is expected to bring to Tanke revenues of $4.8 million as a start and go up to $60 million," stated Xiaoying Zhang, CEO of Tanke Inc.

"We at Xinyue have aggressive expansion plans currently underway; we hope to grow a portion of our target market over the next few years. Tanke's incubation model will further enhance our reputation via brand promotion but also reduce operating costs and create new revenue potential," stated Joseph Maio, President of Xinyue.

"We are happy to be at the ground floor of this opportunity. Pigment, dye and paint industry growth is stable in the USA and largest in Asia. China, being one of the fastest growing markets in the world warrants our continued expansion. Moreover, our expertise in high growth industries, development of proprietary technology & brand promotion is a good combination with Xinyue strategic networks and distribution channels throughout China. It will position us to become a significant player in the region and enable Xinyue to achieve a global reach," added Xiaoying Zhang, CEO of Tanke.

Additional information is available on the Company's website: www.tankeinc.com or contact Investor Relations at: [email protected]

References:

1. Dye & Pigment Manufacturing Market Research Report Sept 2013.IBISWorld.
2. Transparency Market Research "Dyes and Pigments Market - Global Industry Analysis, 2013 - 2019.
3. Paint & Coatings - Industry Research. Freedonia
4. Dyes and Pigments Market - Globall Industry Analysis 2013-2019. Transparency Market Research
5. Market Study Pigments, 3rd Ed., Ceresana, 11/13.
6. Market Report World Pigment Market, Acmite Market Intelligence

About Tanke Incorporated

Tanke is a diversified holding company with the mission to develop, manage and finance emerging companies in high growth industries. Tanke is focused in the development of environmental technologies and "Cleantech" for a wide range of markets such as commercial, industrial and municipal applications. Tanke believes that globalization and the emergence of Asia stresses natural resources, water, energy and food, and environmental technologies will be at the forefront of the new paradigm shift in usage of resources. Through its subsidiaries and affiliates in the world and with its deep experience in China - the fastest growing emerging market in the world, Tanke seeks to grow through acquisitions, organic growth in the USA and also in the emerging markets. Our holdings consist of: Environmental & Water technologies, eWaste and reverse logistics technologies, and The Triple R Water recycling technology under the Re:Water™ brand.

Safe Harbor Statement: Certain statements and information included in this release may constitute "forward-looking statements" as defined in the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied in such statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's disclosures. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by federal securities laws.

Additional information is available on the Company's website: www.tankeinc.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
Enterprise architects are increasingly adopting multi-cloud strategies as they seek to utilize existing data center assets, leverage the advantages of cloud computing and avoid cloud vendor lock-in. This requires a globally aware traffic management strategy that can monitor infrastructure health across data centers and end-user experience globally, while responding to control changes and system specification at the speed of today’s DevOps teams. In his session at 20th Cloud Expo, Josh Gray, Chie...
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. Jack Norris reviews best practices to show how companies develop, deploy, and dynamically update these applications and how this data-first...
Intelligent Automation is now one of the key business imperatives for CIOs and CISOs impacting all areas of business today. In his session at 21st Cloud Expo, Brian Boeggeman, VP Alliances & Partnerships at Ayehu, will talk about how business value is created and delivered through intelligent automation to today’s enterprises. The open ecosystem platform approach toward Intelligent Automation that Ayehu delivers to the market is core to enabling the creation of the self-driving enterprise.
"At the keynote this morning we spoke about the value proposition of Nutanix, of having a DevOps culture and a mindset, and the business outcomes of achieving agility and scale, which everybody here is trying to accomplish," noted Mark Lavi, DevOps Solution Architect at Nutanix, in this SYS-CON.tv interview at @DevOpsSummit at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
"We're here to tell the world about our cloud-scale infrastructure that we have at Juniper combined with the world-class security that we put into the cloud," explained Lisa Guess, VP of Systems Engineering at Juniper Networks, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Historically, some banking activities such as trading have been relying heavily on analytics and cutting edge algorithmic tools. The coming of age of powerful data analytics solutions combined with the development of intelligent algorithms have created new opportunities for financial institutions. In his session at 20th Cloud Expo, Sebastien Meunier, Head of Digital for North America at Chappuis Halder & Co., discussed how these tools can be leveraged to develop a lasting competitive advantage ...
In his session at 20th Cloud Expo, Mike Johnston, an infrastructure engineer at Supergiant.io, discussed how to use Kubernetes to set up a SaaS infrastructure for your business. Mike Johnston is an infrastructure engineer at Supergiant.io with over 12 years of experience designing, deploying, and maintaining server and workstation infrastructure at all scales. He has experience with brick and mortar data centers as well as cloud providers like Digital Ocean, Amazon Web Services, and Rackspace. H...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, will provide a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
SYS-CON Events announced today that Massive Networks will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
As businesses adopt functionalities in cloud computing, it’s imperative that IT operations consistently ensure cloud systems work correctly – all of the time, and to their best capabilities. In his session at @BigDataExpo, Bernd Harzog, CEO and founder of OpsDataStore, presented an industry answer to the common question, “Are you running IT operations as efficiently and as cost effectively as you need to?” He then expounded on the industry issues he frequently came up against as an analyst, and ...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
Given the popularity of the containers, further investment in the telco/cable industry is needed to transition existing VM-based solutions to containerized cloud native deployments. The networking architecture of the solution isolates the network traffic into different network planes (e.g., management, control, and media). This naturally makes support for multiple interfaces in container orchestration engines an indispensable requirement.