Welcome Guest to Coatings World    Login || Register
Last Updated Saturday, October 25 2014
Print RSS Feed

Jotunís Sales up in 2005



Published April 5, 2006
Related Searches: Color Powder Coatings
For Jotun, 2005 was a record year in terms of sales. Group sales, including Jotun Dekorativ, Jotun Coatings, Jotun Paints and Jotun Powder Coatings, totalled approximately $1 billion, reflecting an increase of approximately $97 million over 2004 total group sales. Operating profits were approximately $6 million higher at roughly $87 million.
For Jotun, 2005 saw the opening of new factories in China, Indonesia and India, and several new products were launched, including 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 approximately $66 million in 2005 was a record high.
Jotun Dekorativ, producers of decorative paint, stain and varnish products for the Scandinavian market, increased sales in Sweden, Denmark and Norway.
Jotun Coatings recorded a rise in both sales volume and earnings in 2005, strengthening its global market position within marine and protective coatings for the industrial and offshore sectors.
Jotun Paints experienced its highest growth in the Middle East, and will continue to make investments there as well as South East Asia. Jotun Paints also installed 300 new multicolor tinting systems in 2005.
Jotun Powder Coatings reported a rise in income in 2005, but high raw material costs have reduced margins on powder coatings. In India, a new factory was recently completed.


blog comments powered by Disqus
Receive free Coatings World emails
Sign up now to receive the weekly newsletter, and more!

Enter your email address:
Company Spotlight
Siltech Corporation
225 Wicksteed Avenue
Toronto, ON, M4H 1G5
Canada
View Profile
AZ Electronic Materials Co., Ltd.
No. 458-6, Sinsing Road Hu Kou Township Hsinchu Country 303, Taiwan
Hsinchu Country, Taiwan, 303
Taiwan
View Profile
Micro Powders, Inc.
580 White Plains Rd.
Tarrytown, NY, 10591
US
View Profile
Sunin Machine Co., Ltd.
No.96, Chiao Ho Rd ,Chungho Dist
New Taipei City, Taiwan , 235
Taiwan Roc
View Profile
BASF Corporation
100 Campus Drive
Florham Park, NJ, 07932
US
View Profile
Lubrizol Advanced Materials, Inc.
9911 Brecksville Road
Cleveland, OH, 44141
US
View Profile
Keeneyes
18F, No.85, Sec. 1, Chung-Shiao E. Rd.
Taipei, Taiwan, 100
R.O.C.
View Profile
Houchi Chemical Co., Ltd
No.56, Fu Chow Street
Taipei, Taipei, 100
Taiwan
View Profile
Shamrock Technologies, Inc.
Foot of Pacific Street
Newark, NJ, 07114
USA
View Profile
Follow Coatings World On