无锡卡秀堡辉涂料有限公司

What 无锡卡秀堡辉涂料有限公司 does

卡秀万辉（无锡）高新材料有限公司 (Cashew Manfield (Wuxi) Innovative Materials Limited) is the mainland Chinese operating subsidiary of Hong Kong-based Cashew Manfield Holding Limited, an industrial coatings group originally formed in 2000 as a tripartite joint venture among Manfield (Hong Kong), Weilburger (Germany), and Cashew (Japan). Following Weilburger's exit in February 2020 and a subsequent equity transfer finalized in mid-2025, the group is now wholly Hong Kong-invested and operates four subsidiaries serving the Greater China market. The company is headquartered in Wuxi, Jiangsu, with manufacturing in Wuxi, Guangzhou, and Shenzhen; R&D centers in Taiwan, Shenzhen, and Wuxi; sales/technical service centers in Tianjin and Chongqing; and a Hong Kong headquarters.

The company's core offering is the CM® brand of customized industrial coatings, launched in 2004, covering water-based, UV, high-solids, and bio-based formulations. Specialty products include Baby Skin Touch coatings, Alumitone UV (a cost-efficient metallic anode-effect coating), and bio-based UV/water-based bio-based coatings launched in 2024 for 3C applications. The underlying technology stack combines proprietary resin chemistry, a provincial-level enterprise technology center with 5 granted and 15 pending utility patents, and 9 government-certified high-tech products. Differentiated services include three Color Creation Centers (Beijing, Shanghai, and the Japan Soft Design Center) producing annual CMF color trend reports since 2009, plus the JU&CMW Joint Innovation Lab with Jiangnan University.

The business model is B2B enterprise field sales with quote-based, non-public pricing. Revenue comes from industrial coating product sales bundled with technical services and on-site application support, sold directly to OEMs in consumer electronics (OPPO, Honor, Xiaomi), automotive (Geely, SAIC, Changan, Honda, Toyota, Lexus, Jiyue, Jetour, iCar), home appliances, and personal care. The company reports serving 3,500+ quality customers through 6 professional brands and 7 regional offices, and holds ISO 9001, ISO 14001, IATF 16949, and China Environmental Label certifications.

Name

无锡卡秀堡辉涂料有限公司

Legal name

Cashew Manfield Holding Limited

Website

https://cmwcoatings.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Cashew Manfield (Wuxi) Innovative Materials Limited is a Greater China specialty industrial coatings manufacturer under its CM® brand, providing customized water-based, UV, and bio-based surface treatment solutions to consumer electronics and automotive OEMs.

Ownership category

akta.pro rank

Product category

Industrial Coatings

NAICS

Paint and Coating Manufacturing (32551)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Industrial & Protective Coatings (IMAEAGAB)

Keywords

• Industrial coatings
• Surface treatment solutions
• Consumer electronics coatings
• Automotive interior coatings
• Bio-based coatings

Headquarters

HQ city

Wuxi

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Coating Products: B2B sales of industrial coating systems to consumer electronics, automotive, home appliance, and personal care manufacturers. Revenue generated through product sales with customization services integrated into the offering.
2. Technical Services: Technical support, on-site service, and application consulting provided alongside coating products to major enterprise customers.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Cashew Manfield (Wuxi) manufactures and sells customized industrial coating systems under the CM® brand, providing surface treatment solutions for consumer electronics (smartphones, laptops, digital cameras, speakers), automotive (interior/exterior parts and EV components), home appliances (smart appliances, kitchen equipment), and personal care devices (electric toothbrushes, shavers, beauty devices). Its portfolio includes water-based coatings, UV coatings, high-solid coatings, bio-based coatings, and specialty tactile coatings such as Alumitone UV and Baby Skin Touch, supported by in-house Color Creation Centers and three R&D facilities.

Product overview

卡秀万辉（无锡）高新材料有限公司 is an industrial coatings company offering customized surface treatment solutions. The core product is the CM® brand coatings launched in 2004, serving consumer electronics (mobile phones, laptops, cameras, speakers), automotive (interior parts, EVs), home appliances (smart appliances, kitchen equipment, small appliances), and personal care (toothbrushes, shavers, beauty devices) sectors. The company provides specialized coatings including Baby Skin Touch Coatings, Alumitone UV (metal anode effect), bio-based UV coatings, water-based bio-based coatings, water-based coatings, and high solid coatings. Services include Color Creation Centers (Beijing, Shanghai), R&D centers (Taiwan, Shenzhen, Wuxi), a Japan Soft Design Center, and a Joint Innovation Lab with Jiangnan University. The company operates 6 professional brands serving over 3,500 quality customers.

Differentiator

Problem solved

Functional benefit

Brands

• CM®: Industrial coatings brand created in 2004, focusing on providing customized overall coating solutions for end customers in Greater China in consumer electronics, home appliances, and vehicles.

Products and services

• CM® Brand Coatings Professional industrial coating brand created in 2004, providing customized coating solutions for consumer electronics, home appliances, and automotive manufacturers across Greater China.
• Baby Skin Touch Coatings Specialty coating technology providing a baby skin-like tactile feel, marketed as the perfect integration of technology and human-centric design for premium consumer electronics and personal care surfaces.
• Alumitone UV UV coating technology that achieves metallic anode effects, effectively reducing manufacturing costs with customizable anode appearances per terminal customer requirements.
• Bio-based UV Coatings Environmentally friendly UV coatings using bio-based raw materials, achieving carbon reduction from source with performance comparable to conventional UV coatings.
• Water-based Bio-based Coatings Water-based coatings incorporating bio-based raw materials, combining the low-VOC benefits of water-based systems with sustainable bio-based feedstocks.
• Water-based Coatings Water-based industrial coatings with low VOC emissions, part of the company's environmental-friendly product portfolio for green manufacturing transformation.
• High Solid Coatings High-solid content coatings that reduce VOC emissions while maintaining high performance, supporting green transition in industrial coating applications.
• Color Creation Center (CCC) Service Color trend research and customization service with centers in Beijing and Shanghai, providing annual color trend consulting and CMF (Color, Material, Finish) solutions to enterprise customers.
• R&D Center Technical Service Technology development service with R&D centers in Taiwan, Shenzhen, and Wuxi, providing product design, development, and full-range technical support for 3C electronics, smart home, automotive, and other sectors.
• JU&CMW Joint Innovation Lab Service Collaborative CMF trend research and counseling service operated jointly with Jiangnan University, providing multi-industrial CMF trend guidance to enterprise customers and the industry.
• Japan Soft Design Center (SDC) Service Japan-based color trend research center providing over 12 years of in-depth color trend research and creation, supporting Beijing CCC and Shanghai CCC with annual color trend forecasts.

Quantifiable outcome

• 2025 revenue grew over 20% YoY, with profits returning to 10M+ RMB level
• +1 more outcomes

Named customers12 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• Jiangnan University (江南大学)coreStrategic or Co-development Partner · 1 January 2004Joint Innovation Lab established for CMF (Color, Material, Finish) trend research and industry applications. The partnership provides multi-industrial CMF trends counseling services to customers and the entire industry.
• Manfield Coatings (万辉涂料)OthersOriginal investor and parent group from Hong Kong. Listed as a friendly link exchange partner on the company website.

Scale indicators6 records

Recent moves12 records

Expansion highlights5 records

Broad incumbents

• Sherwin-Williams: Largest coatings company in the US with significant industrial coatings business. Comparable in product category breadth but with dominant architectural/industrial mix and much greater scale than CM's specialty industrial positioning.
• Kansai Paint: Japanese industrial and automotive coatings major with established operations across Asia. Closely comparable as a coatings supplier to Japanese automotive OEMs (Honda, Toyota, Lexus) and consumer electronics manufacturers, though at significantly larger scale.
• BASF Coatings: Division of BASF supplying automotive OEM coatings, industrial coatings, and surface treatment solutions globally. Comparable as a high-performance industrial coatings supplier serving automotive and consumer goods OEMs, with much broader chemistry platform and global reach.
• PPG Industries: US-listed global coatings leader with strong industrial and automotive OEM coatings businesses. Comparable as a B2B supplier of customized coating solutions for electronics, automotive, and consumer goods, but with significantly larger R&D and global manufacturing footprint.
• AkzoNobel: Global paints and coatings giant with deep industrial coatings and automotive refinish portfolios. Directly comparable as a supplier of high-performance coatings to consumer electronics and automotive OEMs, but operates at vastly larger scale with a much broader product range.
• Nippon Paint (Nipponpaint Holdings): Asia's largest coatings group with deep presence in Greater China and strong industrial coatings for consumer electronics and automotive. Highly comparable end-market exposure, though Nippon Paint's scale, brand portfolio, and cross-border capabilities far exceed CM's.

Direct peers

• Axalta Coating Systems: Specialty coatings company focused on automotive refinish, industrial, and powder coatings. Comparable as a customized industrial coatings supplier serving automotive and consumer goods OEMs, though with a global manufacturing footprint and stronger position in refinish and powder segments.

Regional players

• Hunan Xiangjiang Paint (湘江涂料): Leading Chinese industrial coatings manufacturer with broad automotive and consumer electronics exposure. Comparable as a domestic Chinese supplier competing for OEM coatings programs, but with a more diversified and commodity-leaning product mix than CM's specialty positioning.
• Yip's Chemical (叶氏化工): Hong Kong-listed coatings and chemicals group with Greater China industrial and consumer coatings operations. Comparable as a regionally focused coatings supplier in Greater China, though more weighted toward consumer paints and printing inks than CM's specialty industrial coatings focus.

Emerging players

• Mankiewicz (Mankiewicz Gebr. & Co.): German specialty industrial coatings company focused on aerospace, automotive, and consumer electronics surface coatings. Comparable as a niche high-performance coatings supplier for demanding OEM customers, with somewhat similar scale and customization-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/%E6%97%A0%E9%94%A1%E5%8D%A1%E7%A7%80%E5%A0%A1%E8%BE%89%E6%B6%82%E6%96%99%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

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