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.
Other news from the department business & finance
These products might interest you
Dursan by SilcoTek
Innovative coating revolutionizes LC analysis
Stainless steel components with the performance of PEEK - inert, robust and cost-effective
OCA 200 by DataPhysics
Using contact angle meter to comprehensively characterise wetting behaviour, solids, and liquids
With its intuitive software and as a modular system, the OCA 200 answers to all customers’ needs
Tailor-made products for specific applications by IPC Process Center
Granulates and pellets - we develop and manufacture the perfect solution for you
Agglomeration of powders, pelletising of powders and fluids, coating with melts and polymers
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.