Teknos establishes a new company in Russia
Teknos has established a joint venture company with a local paint manufacturer in Russia. The new company is called Teknos Deco. Teknos is the majority shareholder.
Teknos Deco manufactures architectural coatings at production facilities in St. Petersburg. In addition, the company also imports Teknos architectural coatings to Russia, selling them via its own dealer network.
Teknos Deco strengthens Teknos's architectural coating business significantly, widens the product portfolio and opens new distribution channels.
In recent years, Teknos has invested heavily in its Russian sales operations. It established a dedicated sales company in 2007 in Moscow, concentrating mainly on the industrial coating business. Some years ago Teknos also started work on its own factory in Russia. The factory project has proceeded according to plan with the licensing phase now ongoing. Sales of Teknos architectural coatings continue along with Teknos Deco.
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