OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Jotun sales up NOK 635 million in 2005

Published on 2006-02-20. Author : SpecialChem

2005 was another record year for paint manufacturer Jotun. The Group sales totalled NOK 6.7 billion, reflecting an increase of NOK 635 million on 2004, while operating profits were around NOK 40 million higher at NOK 535 million.

  • Sales have never been higher in Jotun's history and we have strengthened our market positions in all segments, says CEO Morten Fon.

2005 was an eventful year for the Jotun Group

New factories were opened in China, Indonesia and India, and several new products were launched, including new Jotashield exterior products in the Middle East and Asia, SeaLion for the global marine market and Lady interior stains in Norway. – Jotun's investments of 431 million NOK in 2005 are record high, says CEO Morten Fon.

Jotun Dekorativ

Jotun Dekorativ produces decorative paints, stain and varnish products for the Scandinavian market. The division increased sales in Sweden, Denmark and Norway, and further growth is expected. Jotun has thereby strengthened its position in the home market, through good customer relations and brands like Lady, Drygolin and Demidekk.

Jotun Coatings

Jotun Coatings recorded a rise in both sales volume and earnings in 2005, thereby strengthening its global market position within marine and protective coatings for the industrial and offshore sectors. - A 20 per cent market share is a good basis for developing Jotun's position further through innovations and organic growth, says CEO Morten Fon.

Jotun Paints

Jotun Paints has business activities in the Middle East and South East Asia. The highest growth has been in the Middle East, including large projects and high quality products. Jotun Paints has also installed 300 new Multicolor tinting systems in 2005. CEO Morten Fon expects further growth in the Middle East and South East Asia, and Jotun is making long-term investments in these markets.

Jotun Powder Coatings

Jotun Powder Coatings can report a rise in income in 2005, but high raw material costs have reduced margins on powder coatings. In India, a new factory has recently been completed and new markets are already being investigated.

Prospects

We are satisfied by the good progress made by the group in 2005, and we have identified areas where we can perform even better. The performance shows that Jotun is a group with traditions for long-term commitment, and we will continue to develop through organic growth, says CEO Morten Fon.

Source: Jotun


Halcyon Group 3rd R&D Innovation Summit
Back to Top