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

Tanke, Inc.
Investor Relations
[email protected]

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
"Storpool does only block-level storage so we do one thing extremely well. The growth in data is what drives the move to software-defined technologies in general and software-defined storage," explained Boyan Ivanov, CEO and co-founder at StorPool, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
ChatOps is an emerging topic that has led to the wide availability of integrations between group chat and various other tools/platforms. Currently, HipChat is an extremely powerful collaboration platform due to the various ChatOps integrations that are available. However, DevOps automation can involve orchestration and complex workflows. In his session at @DevOpsSummit at 20th Cloud Expo, Himanshu Chhetri, CTO at Addteq, will cover practical examples and use cases such as self-provisioning infra...
As DevOps methodologies expand their reach across the enterprise, organizations face the daunting challenge of adapting related cloud strategies to ensure optimal alignment, from managing complexity to ensuring proper governance. How can culture, automation, legacy apps and even budget be reexamined to enable this ongoing shift within the modern software factory? In her Day 2 Keynote at @DevOpsSummit at 21st Cloud Expo, Aruna Ravichandran, VP, DevOps Solutions Marketing, CA Technologies, was jo...
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
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.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
The cloud era has reached the stage where it is no longer a question of whether a company should migrate, but when. Enterprises have embraced the outsourcing of where their various applications are stored and who manages them, saving significant investment along the way. Plus, the cloud has become a defining competitive edge. Companies that fail to successfully adapt risk failure. The media, of course, continues to extol the virtues of the cloud, including how easy it is to get there. Migrating...
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.