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    Top Companies Report

    10. Jotun AS

    10. Jotun AS
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    07.03.19
    Sandefjord, Norway
    www.jotun.com

    PUBLIC COMPANY; YEAR ESTABLISHED: 1926

    REVENUE: $2.1 billion s (2017: $2.028 billion)

    MARKETS SERVED
    Decorative paints; Marine coatings; Protective coatings; Powder coatings

    KEY EXECUTIVES:
    Morton Fon, president and CEO; Vidar Nysaether, CFO; Baard Kristian Tonning, GEVP Decorative.

    Jotun Group is divided into seven regions – Scandinavia, Western Europe, Eastern Europe and Central Asia, Middle East, India and Africa, North-East Asia, South East Asia and Pacific and the Americas – responsible for the sale of Decorative Paints and Performance Coatings (Marine, Protective and Powder Coatings). The company has 40 production facilities in 24 countries, 64 companies in 45 countries and is represented by more than 100 countries around the world. The company has 9,872 employees. Decorative coatings comprised 40 percent of sales, marine coatings 25 percent, general/industrial coatings 25 percent and powder coatings 10 percent.

    New Product Launches

    Jotun unveiled the next generation of its SeaForce biocidal antifouling range, with three new products featuring Hydractive technology. The new solution provides predictable, long-term performance for diverse vessel needs. Jotun originally launched its SeaForce range in 2004. Since that point, there has been some 27,000 vessel applications worldwide.

    The range features three core products: SeaForce Shield, offering effective protection; SeaForce Active, actively working to safeguard hulls even when vessels are not in use; and SeaForce Active Plus, delivering premium protection at an affordable price.

    SeaForce Active and SeaForce Active Plus also feature a triple biocide package, one of which is the same biocide combination used in the top of the range SeaQuantum product portfolio.

    Jotun recently launched Ultra One, Ultra Lite and Primax Excel, which allow engineered wood to be protectively coated in powder – and for the first time, these products can be applied to natural wood too.
    This process has not been possible before on natural wood due to the fact that the temperatures required to use powder coatings would damage the material.

    This breakthrough gives designers a new way of considering wood as a viable building material and brings a durable, more environmentally friendly product to the forefront of forward-looking design. Copenhagen-based designer Troels Flensted has used Ultra One on one of his latest designs.

    Flensted wanted to elevate his chosen material of MDF and have the design monochromatic, textured and with differing dimensions of reflection and shading – all of which the powder coating helped make possible.

    Jotun Signs Agreement with World’s Largest Shipbuilder

    Jotun said it signed a memorandum of understanding with the world’s largest shipyards for a new type of marine paint that reduces solvent emissions by up to 90 percent. A memorandum of understanding has been signed with Korean Hyundai Heavy Industries (HHI). This is the starting point of closer cooperation and the use of a new, innovative solvent-free primer.

    The signing took place between Jotun’s chairman Odd Gleditch, Jr. and HHI’s Chief Executive Ka Sam-Hyun during the South Korean President’s state visit to Norway in June.

    South Korea’s Minister of Industry Yunmo Song attended the signing ceremony.

    “The partnership with Jotun will allow HHI, the world’s largest shipbuilder, to be better equipped to meet the new environmental requirements that are aimed at reducing solvent emissions, “ said Sam-Hyun.

    “We are, of course, very pleased with the agreement with the world’s largest shipyard, but even more satisfied that our innovation is contributing to a better environment,” added Morten Fon, CEO Jotun.

    The product will reduce solvent VOC emissions into the air from approximately 250 grams per liter to just nine grams per liter. Shipyards will save hundreds of millions of dollars by avoiding investments in plants related to the combustion of VOCs. VOC combustion also leads to CO2 emissions, so this innovation provides a double benefit.

    “We have conducted research in Korea and in Norway while developing this paint, and after 13 years can conclude that we have succeeded in developing a product that reduces solvent emissions by over 90 percent,” said Erik Risberg, one of the scientists behind the new paint.

    Primers make up 60-70 percent of the total amount of paint applied to a ship. The new product is currently available for Korean shipyards and selected shipbuilders in Europe.
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    Related Top Companies Report

    • 78. Tnemec

      78. Tnemec

      Kansas City, MO/USA www.tnemec.com PRIVATE COMPANY; YEAR ESTABLISHED: 1921 REVENUE: $124 million MARKETS SERVED Water tank coatings; Water and wastewater coatings; Industrial coatings; Architectural coatings; Processing and manufacturing c…
      07.05.19

    • 82. WEG

      82. WEG

      Guaramirim, SC - Brazil www.weg.net PRIVATE COMPANY; YEAR ESTABLISHED: 1983 REVENUE: $100 million MARKETS SERVED Powder coatings; Marine coatings; Industrial coatings; Protective coatings; Automotive refinish coatings; Varnishes KEY EX…
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    • 81. Tohpe

      81. Tohpe

      Sakai City, Japan www.tohpe.co.jp PRIVATE COMPANY; YEAR ESTABLISHED: 1915 REVENUE: $107 million MARKETS SERVED Onshore coatings; Marine coatings; Automotive coatings; Decorative coatings; Adhesives KEY EXECUTIVES: Hiroyuki Shiaku, pres…
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    • 80. Russian Coatings JSC

      80. Russian Coatings JSC

      Yaroslavl, Russia www.ruskraski.ru PRIVATE COMPANY; YEAR ESTABLISHED: 1838 REVENUE: $110 million MARKETS SERVED Decorative and building materials; Automotive OEM; Car refinishes; Industrial materials; Powder materials KEY EXECUTIVES:…
      07.05.19

    • 79. Kayalar Kimya

      79. Kayalar Kimya

      Istanbul, Turkey www.kayalarkimya.com.tr PRIVATE COMPANY; YEAR ESTABLISHED: 1976 REVENUE: $123 million MARKETS SERVED Architectural coatings; General industrial coatings; Wood coatings KEY EXECUTIVES: Ersin Kenan Kayalar, CEO; Ender Ba…
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    • 77. Asahipen

      77. Asahipen

      Osaka, Japan www.asahipen.jp PRIVATE COMPANY; YEAR ESTABLISHED: 1940 REVENUE: $125 million MARKETS SERVED Onshore coatings; Marine coatings; Automotive coatings; Decorative coatings KEY EXECUTIVES: Takeshi Tanaka, president; Tatsuo Nis…
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    • 75. ADLER-Werk Lackfabrik

      75. ADLER-Werk Lackfabrik

      Schwaz, Austria www.adler-lacke.com PRIVATE COMPANY; YEAR ESTABLISHED: 1934 REVENUE: $129 million MARKETS SERVED Architectural/decorative coatings, Wood coatings KEY EXECUTIVES: Andrea Berghofer, managing director; Bernd Pichler, marke…
      07.05.19

    • 75. Kangnam Jevisco

      75. Kangnam Jevisco

      Pusan, South Korea www.jevisco.com PRIVATE COMPANY; YEAR ESTABLISHED: 1945 REVENUE: $129 million MARKETS SERVED Decorative coatings; Industrial coatings; Marine and protective coatings; Automotive KEY EXECUTIVES: Ki-suk Woo, chairman a…
      07.05.19

    • 73. Industrias Titan

      73. Industrias Titan

      Barcelona, Spain www.titanlux.com PRIVATE COMPANY; YEAR ESTABLISHED: 1917 REVENUE: $130 million MARKETS SERVED Decorative coatings; Industrial coatings; Marine coatings; Powder coatings; Fine arts materials Since it was founded in 1917…
      07.05.19


    • 73. Shinto Paint Amagasaki, Japan

      73. Shinto Paint Amagasaki, Japan

      Amagasaki, Japan www.shintopaint.co.jp PRIVATE COMPANY; YEAR ESTABLISHED: 1933 REVENUE: $130 million MARKETS SERVED Automotive coatings; Industrial coatings KEY EXECUTIVES: Satoshi Takazawa, president; Masayoshi Kashida, executive seni…
      07.05.19

    • 72. ICA Group

      72. ICA Group

      Civitanova Marche, Italy www.icaspa.com PRIVATE COMPANY; YEAR ESTABLISHED: 1971 REVENUE: $134 million MARKETS SERVED Industrial wood coatings ICA means passion, research and technological innovation in the field of wood coatings and gla…
      07.05.19

    • 71. Diamond Vogel

      71. Diamond Vogel

      Orange City, IA, USA www.diamonvogel.com PRIVATE COMPANY; YEAR ESTABLISHED: 1926 REVENUE: $150 million MARKETS SERVED Architectural coatings; Industrial coatings; Heavy duty coatings; Traffic coatings; Wood finishes KEY EXECUTIVES: Dr…
      07.05.19

    • 70. Sniezka Woj.

      70. Sniezka Woj.

      Lubzina, Poland www.sniezka.com PRIVATE COMPANY; YEAR ESTABLISHED: 1984 REVENUE: $153 million MARKETS SERVED Interior coatings; Exterior coatings; Wood and metal preservation Sniezka Paints and Varnishes Plant S.A. is an industry leader…
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    • 69. Dold Gruppe

      69. Dold Gruppe

      St. Gallen, Switzerland www.igp-powder.com PRIVATE COMPANY; YEAR ESTABLISHED: 1968 REVENUE: $155 million MARKETS SERVED Powder coatings KEY EXECUTIVE: Curt Christian Dold, president. IGP Powder Coatings, part of the Dold Gruppe, has…
      07.05.19

    • 68. Natoco

      68. Natoco

      Miyoshi, Japan www.natoco.co.jp PRIVATE COMPANY; YEAR ESTABLISHED: 1948 REVENUE: $162 million MARKETS SERVED Architectural coatings; Industrial coatings KEY EXECUTIVE: Kenji Kasuya, president and representative director. Natoco Co.,…
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    • Greenkote PLC Reports Upsurge in Powder Coatings Applications on Brake Calipers
    View Breaking News >
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