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Founded in 2003, CINIC is a leading organic high-performance pigment producer based in China. With its state-of-the-art production facilities, CINIC is the global leader in DPP, a red pigment and one of the largest high-performance pigments. One of the key success factors of CINIC is its proprietary and holistic know-how across the production value chain, which results in better yield, lower cost, and more consistent quality, eventually leading to its dominant market position. As an example, the yield of DPP, CINIC’s major product, is over 99%, which is higher than 95% by its peers’ based on outside-in diligence. In a survey conducted by PAG’s advisor during the due diligence phase, CINIC received outperform ratings vs. competitors in 5 out of 6 dimensions based on feedback from downstream customers as well as peers. CINIC’s competitiveness is further strengthened by its open and flat corporate culture, where everyone is encouraged to speak up and take responsibilities for what they do. CINIC’s corporate vision of “making people happy and creating a better society” has gathered a stable and capable team who are well poised to drive further growth of CINIC. CINIC’s total number of employees has grown at around 9% CAGR since 2017 with average annual attrition below %. These efforts have transformed into continued commercial success. Superior product quality has led to its pigment products becoming the choice of some of the most iconic brands in the world. Cinic began it’s relationship with Ferrari’s paint supplier in. To date, we have been responsible providing vibrant color to over thousands of Ferraris on the roads today. Another household favorite evoking your own childhood memories, is the red lego brick…..who can forget made out of red brick And lastly this is a product which we have most likely all consumed and advertised worldwide since the 1970s – Coca-Cola. A global customer of CINIC since and we provide pigment product to over coca cola production facilities across the world