Record Sales for Jotun
Strong growth
The sales growth is mainly driven by the strong performance of decorative paints and protective coatings in Scandinavia, the Middle East and South East Asia.
The Marine segment has had sales growth despite tough market conditions, especially in newbuilding of ships. The Powder Coatings segment also shows a healthy development in the period both in sales and margins.
Jotun is expanding with new operations in Cambodia, Morocco, Algeria, Myanmar and Bangladesh.
Jotun has made major investments in its new factory in Norway, as well as ongoing construction of new factories in China, the US, Russia and Brazil. Other sizable investments have been new land and a warehouse in Vietnam, and a new regional service centre in Dubai. Total investments in 2012 have so far amounted to NOK 402 million.
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