YEAR ESTABLISHED: 1976
REVENUE: $140 million
• Architectural coatings • General industrial coatings • Wood coatings
Ersin Kenan Kayalar, CEO; Ender Bahadir Baykara, CFO; Zafer Kayalar, assistant general manager of purchases and finance; Tolga Kayalar, assistant general manager of sales, marketing and IT.
Kayalar Kimya possesses approximately 25 percent market share of the Turkish furniture paint and varnish market. Kayalar has two production plants, one in Istanbul, Turkey, which opened in 2006 and the second one in Lucena, Spain. Architectural coatings comprise 19 percent of Kaylar Kimya’s business, general industrial comprises one percent, wood comprises 47 percent and the remaining 33 percent is comprised of resins. Kayalar recently entered into a joint venture with Noroo Company for the industrial paint sector and acquired Gasla, a Spanish wood coating company. Brands include Genc, Dufa, Genro Noroo and Grasla.