Kerry Pianoforte, Editor 07.05.18
Despite a challenging market. Industrial coatings manufacturers are generally optimistic for the future and are seeking growth both organically and through strategic acquisitions.
“The coatings market is expected to remain challenging in 2018, not least in the marine industry, which is expected to contract by more than 20 percent as a result of low demand in the newbuilding market,” said Robert Wong, group director, head of Protective & Industrial, Hempel. “Despite these challenges, we expect to see underlying organic growth across most segments and geographies, driven by our stronger and more customer-focused commercial organization. From an earnings perspective, we expect to deliver a solid EBITDA margin in line with 2017 despite further increases in raw material prices and while continuing to invest in our Journey to Excellence strategy.”
Sherwin-Williams will continue to support the industrial business with its dedicated sales and facilities organizations. “Together with Valspar, we now have more opportunities to assist our industrial customers with more innovative solutions and support than ever before,&rdqu
“The coatings market is expected to remain challenging in 2018, not least in the marine industry, which is expected to contract by more than 20 percent as a result of low demand in the newbuilding market,” said Robert Wong, group director, head of Protective & Industrial, Hempel. “Despite these challenges, we expect to see underlying organic growth across most segments and geographies, driven by our stronger and more customer-focused commercial organization. From an earnings perspective, we expect to deliver a solid EBITDA margin in line with 2017 despite further increases in raw material prices and while continuing to invest in our Journey to Excellence strategy.”
Sherwin-Williams will continue to support the industrial business with its dedicated sales and facilities organizations. “Together with Valspar, we now have more opportunities to assist our industrial customers with more innovative solutions and support than ever before,&rdqu
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