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.
Most read news
Other news from the department business & finance
Get the chemical industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.