Thursday, December 3, 2015

Important Information About Duracoat Products

By Marci Nielsen

Duracoat is a big company located in the US that specializes in manufacture and supply of different kinds of coatings. Duracoat products are sold on a global scale in almost all countries. However the main consumer is the United States. Other big consumers are western countries such as the UK, Germany, France, and Canada. The company is one of the biggest corporations in the industry. In Lawrence, KS, the company controls a significant market size compared to its competitors.

The history of the company goes back several years in the past. The initial products it produced were usually basic coatings, but over time, the number of paints produced has grown very huge. Despite having financial difficulties in its infancy, the company has managed to overcome them and establish itself well in as far as financial position is concerned. Currently, it is among the most profitable corporations since it is a multi-million business.

The wide portfolio of products produced is mostly attributable to good management. The business has been run by some among the best managers in the industry, which has helped to place it among the top well-managed corporations. Managers that have run it over time have used different strategies and philosophies that aim at increasing profitability and expanding production.

Today, the firm has several satellite production factories on almost all continents, courtesy of superior management. Asia, Oceania, Europe, and North America are the continents on which the biggest satellite factories are situated. The long-term strategic plan involves establishing production factories in Latin America, Africa, and parts of Asia where they are not already established.

A diverse product portfolio is also attributable to enormous research and development efforts. The company invests several millions of dollars on funding research and development efforts as a way of remaining creative. As a result, some among the greatest inventions in the paint industry have been created by Duracoat. Aggressive research and development is a strategy that every management at the corporation has been able to embrace and support.

Although production sites are not located on all continents, distributors are located everywhere. In order to ensure that commodities are supplied in all corners of the world, the corporation maintains a huge network of distributors in every country. Distributors are usually private investors who are given the authority to sell and distribute commodities to retail businesses. A good network of distributors, superior production methods, better management, and extensive research and development are the main sources of competitive advantage the business leverages on.

Costs for commodities have been driven down by the various sources of competitive advantage, which has helped to attract buyers. Commodities cost differently in different countries depending on the prevailing economic situation. Even so, the business tries a lot to maintain stability in its prices worldwide.

Duracoat manufactures all kinds of coatings that exist. The coatings have diverse applications including appliance, garage door, truck trailer siding, rainwave, trim and sidewall, and metal roofing uses among others. The coatings can be used for resisting corrosion, erosion, and oxidation. They are rated as among the best in the world.

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