Markets Served: Architectural coatings, Automotive OEM coatings, Industrial coatings, Automotive refinishes, Powder coatings

A subsidiary of Industrial & Investment Group Spektr, Russian Coatings serves six major segments: auto refinish (24.57%); architectural coating (24.01%); industrial (21.74% of sales); powder (18.98%); marine/yacht (5.36%); and automotive OEM (4.02%).

Russian Coatings CEO Valery Abramov said that despite the geopolitical situation and increasing sanctions, 2024 was a good year for Russian Coatings.

“Over the past year, the company produced 34.7 thousand tons of finished products,” Abramov observed. “This is slightly less than in the previous year, but given the stagnation of the market, the result is not bad. The volume of products sold in national currency remained at the level of last year, but the volume of sales in foreign currency dropped by 9.8% due to an increase in the exchange rate. In general, the outcome turned out to be quite good, because this is the result of the work of all business trends.”

Abramov noted that the Russian Coatings resumed working with car factories after the termination of its joint venture.

“It was possible to establish work with GAZ and AVTOVAZ, as well as to begin cooperation with KAMAZ on the supply of OEM materials, both water-based and solvent-borne,” he reported. “Technical re-equipment has been proceeding successfully. Two projects had been completed in 2024, such as the installation of the second stage of equipment for the acrylic binders, which will increase production capacity and meet business needs; and a four-fold build-up in the production capacity of 2K industrial materials.

“Online trade with the largest marketplaces has been successfully developing,” Abramov said. “The growth in sales volume in monetary terms of finished coating materials via online commerce amounted to 162% compared to the last year in national currency. In general, the company’s enterprises showed steady sales growth in monetary terms: industrial +4.4%, decorative and construction +3.1%, OEM materials +74.9%, and car repair +3.5%. The decline was observed in the powder and shipbuilding materials, which was caused by a reduction in production programs for our consumers in these industries. This is due to the slow production recovery of companies that have transferred their ownership from foreign to Russian owners, which has affected the finished materials sales.”

“Development of existing production facilities and the introduction of innovative production solutions have allowed our company to keep its leading position in the industry for a long time,” Abramov concluded.

Markets Served: Decorative and building materials; Automotive OEM; Car refinishes; Industrial materials; Powder coatings

With headquarters in Yaroslavl, Russia, Russian Coatings is a subsidiary of Industrial & Investment Group Spektr. Russian Coatings has five key markets: industrial (26.4% of sales); powder (24%); auto refinish (23.4%); architectural coating (23.1%); and automotive OEM (2.3%).

Russian Coatings CEO Valery Abramov said that despite the geopolitical situation, 2023 was relatively successful for Russian Coatings.

“Over the past year the company’s enterprises had produced 7% more of coating materials,” Abramov observed. “Sales growth in monetary terms in the national currency increased by 20%, which allowed us not only to raise employees’ salaries, but also to pay a bonus at the end of the year. Sales volume in foreign currency decreased by 5.8% due to the increase in exchange rate.

Abramov noted that industrial material sales rose by 18%, car repair by 16%, finishing materials by 26%, and powders by 21%, while some serious decline was observed in the OEM segment.

“The failures can be mainly explained by difficulties in the raw materials supply for the coatings production and the fact that car factories reduced their production and were unable to operate at their full capacity,” Abramov added. “Therefore, by the end of the year it was not possible to fully restore the production volume of coating materials of the previous year, and the sales volumes decreased.”

Abramov said that Russian Coatings’ decorative coatings segment increased the production of water-based as well as of solvent-born materials; in result, the total sales volume of finished products amounted to 15,900 tons.

“The drop in household incomes caused the demand decrease for construction and finishing materials and its shift to cheaper segments,” Abramov said. “However, at the same time, we gained 26% increase in product sales. This was facilitated by the search for new methods of working in the market, and new ways of developing our business. Thanks to business diversification, optimization of production processes based on ISO management systems and lean production principles, Russian Coatings creates the platform for launching various projects with minimal costs and with increased process efficiency.”

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder coatings

A subsidiary of Industrial & Investment Group Spektr, Russian Coatings is focused on five primary markets: industrial (25% of sales); auto refinish (24%); powder (24%) architectural coating (22%), and automotive OEM (4%). Overall sales growth was 21%, which was impressive, and Russian Coatings CEO Valery Abramov said he was proud of how Russian Coatings overcame all of the challenges the company faced.

“The year 2022, despite the geopolitical situation, was relatively successful for Russian Coatings,” Abramov observed. “There is definitely something to be proud of and this is evidenced by both the final figures and the projects implemented despite all the difficulties in 2022. And although during the year the company’s enterprises produced fewer tons (-13%), sales growth in money terms (USD) increased by 21%. This allowed not only to raise the employees’ salaries but also to pay a year-end bonus. The overall result always depends on all processes: sales, production flexibility, logistics, and personnel are important.”

For the most part, Russian Coatings’ key markets showed a steady increase in sales, with industrial materials up by 21%, automotive repair materials increasing by 10%, finishing materials by 28%, and powder paints by 40%. Serious decline was observed in the OEM segment.

“The failures were mainly caused by difficulties in supplying raw materials for coatings production and by the fact that car plants reduced their production and could not operate at full capacity,” Abramov said. “Therefore, by the end of the year it was not possible to fully recover the production volume of the last year’s paint materials, and the volume of sales had also decreased. The construction segment of industrial coatings developed most successfully.”

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder

Russian Coatings is a privately-held company that traces its breginnings to 1838. A subsidiary of Industrial & Investment Group Spektr, Russian Coatings is focused on five primary markets: auto refinish (27% of sales); architectural coating (21%), powder (21%) and industrial (21%). Automotive OEM accounts for 9%.

Valery Abramov, CEO of Russian Coatings, reported that 2021 was relatively good for Russian Сoatings.

“There is definitely something to be proud of. Demonstrating this are both the final figures and the projects that have been implemented, despite all the difficulties of 2021,” Abramov said. “During the year, the company’s enterprises produced 36,000 tons. The sales growth in money terms has increased by 5%.”

Abramov noted that some businesses showed a steady growth in sales. Industrial materials grew by 8%, car refinish and decorative by 1% and of powder coatings by 2%.

“A serious decline was observed in OEM business, whereas in the industrial materials segment it was only a minor decline,” he added. “Failures are mainly explained by the fact that during the pandemic the clients could not work at full capacity. The second quarter turned out to be a failure; the situation began to level out in the third quarter which made it possible to end the year with good indices. The most confident was the building structures segment of industrial coating materials. Sales of anticorrosive coatings accounted for 125.3%.”

The growth of shipbuilding market had a positive effect on the sale of RK-MARINE trademark materials.

“About 45 ships were coated, with the result that RK-MARINE products have been included into new shipbuilding projects,”

Abramov said. “Good reviews from consumers were obtained on RK-AVIA materials. The production decrease of passenger cars in Russia had a negative impact on the results of OEM business, i.e. of coating materials for passenger vehicles: the producstion output and sales volume have been reduced. In general, the cars refinish business was developing not less successfully: the foreign economic activity and the VIKA-shop online store did not cease; the work has been started with the largest marketplace OZON; the new ARMAX tinting system has been successfully tested by partners.”

Abramov noted that the decorative paint materials segment has seen the increase in production of water-based materials up to 9,000 tons, and the total sales of finished products amounted to 14,900 tons.

“The coronavirus pandemic has significantly impacted on the decorative paint market, its fall accounting for 6%,” said Abramov. “The drop in population incomes caused a decrease in demand for construction and finishing materials and its shift to cheaper segments. However, at the same time, we received the growth in indices by 12.6%.”

Thanks to business diversification, optimization of production processes based on ISO management systems and lean production principles, Russian Coatings created a platform for launching various projects with minimum costs and with increasing the process efficiency.

“We have been forming the basis for the production quality and growth,” said Abramov. “The integrated management system has successfully passed recertification in accordance with ISO 9001, ISO 14001, OHSAS 18001, IATF 16949. The company actively cooperates with government agencies to represent the industry interests, takes part in the development of legislative acts and regulations for manufacturers and consumers of coating materials, and participates in the Responsible Care program. The company is a member of Centerlac, the coatings manufacturers association. For several years the Government of Yaroslavl region has been declaring the company as the enterprise with high social responsibility.”

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder

Russian Coatings is a privately-held company founded in 1838. A subsidiary of Industrial & Investment Group Spektr, Russian Coatings is focused on five primary markets: auto refinish (26.7 percent of sales); architectural coating (20.86 percent), powder (20.66 percent) and industrial (19.38 percent). Automotive OEM accounts for 9.54 percent of sales, with other applications and services at 2.86 percent.

Valery Abramov, CEO of Russian Coatings, said that 2020 was relatively good for Russian Coatings.

“There is definitely something to be proud of: demonstrating this are both the final figures and the projects that have been implemented, despite all the difficulties of 2020,” Abramov noted. “During the year, the company’s enterprises produced 36,800 tons, which is 2.5% more as against 2019. The sales growth in money terms has increased by 5%. The overall result always depends on all processes: the sales, production flexibility, logistics and personnel, all are of importance.

“Failures are mainly explained by the fact that during the pandemic, the clients could not work at full capacity,” he added. “The second quarter turned out to be a failure; the situation began to level out in the third quarter, which made it possible to end the year with good indices. The most confident was the building structures segment of industrial coating materials. Sales of anticorrosive coatings accounted for 115%. The sales pattern has been changed in terms of decreasing the number of low-margin products, and appearing of new modern niche products.”

Abramov noted that growth in the shipbuilding market had a positive effect on the sale of RK-MARINE trademark materials.

“About 40 ships were coated, with the result that RK-MARINE products have been included into new shipbuilding projects,” he continued. “Good reviews from consumers were obtained on RK-AVIA materials. The production decrease of passenger cars in Russia had a negative impact on the results of OEM business, i.e. of coating materials for passenger vehicles: the production output and sales volume have been reduced. In general, the cars refinish business was developing not less successfully: the foreign economic activity and the VIKA-shop online store did not cease; the work has been started with the largest marketplace OZON; the new ARMAX tinting system has been successfully tested by partners. All this allowed us to raise the sales by 10%.”

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder materials

Russian Coatings employs 1,192 people. Architectural coatings comprise 18.36 of sales, auto OEM 12.89 percent, industrial 19.97 percent, auto refinish 23.96 percent, powder 22.14 percent and other 2.68 percent.

“The development of existing capacities and introduction of innovative industrial solutions allows the company to be among the top five players in the Russian market for a long time,” CEO Valery Abramov said. “The company actively cooperates with government agencies to represent the industry interests, participates in the development of legislative acts and regulatory documents for manufacturers and consumers of paint materials, participates in the Responsible Care program and is a member of Tsentriak, the association of paint manufacturers. The government of the Yaroslavl region recognized our company as an enterprise with high social responsibility.”

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder materials

Russian Coatings celebrated its 180 year anniversary this year. Production volume in 2018 amounted to 35.9 thousand tons (+two percent) compared to the previous year), the sales volume in monetary terms has grown by five percent in ruble equivalent. Not all business lines have developed equally; the industrial business was the most successful. The sales growth amounted to +15. The sales driver has become new anti-corrosion materials for the protection of metal structures. The volume of these materials in the product portfolio reached 40 percent.

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder materials.

Russian Coatings’ production volume in 2017 amounted to 33.5 thousand tons (+seven percent) compared to the previous year), the sales volume in money terms has grown by 5.9 percent in ruble equivalent. Last year all business trends have shown signs of good growth.  Within the industrial materials business the sales growth achieved + nine percent. New products under Prodecor  have been produced under full capacity. Materials Prodecor  in the portfolio volume has increased up to 30 percent.

Markets Served: Decorative and building materials, Automotive OEM, Car refinishes, Industrial materials, Powder materials

In 2016, Russian Coatings’ volume of production amounted to 33.7 thousand tons (up 8.7 percent), and the sales of paint materials increased by 17.8 percent over the previous year. Sales growth of the industrial business unit amounted to 18.6 percent. Serial production of Prodecor PYRO enamel with flame retardant efficiency of 90 minutes has gone up, and the share of water materials has increased to 5 percent. Anticorrosive materials within Prodecor TM expanded its scope of application. In general, the share of branded products in the portfolio volume increased up to 69 percent. There has been 15.4 percent growth for sales of auto refinish, which is due to the expansion with the portfolio of primers, varnishes and widening of color range of metallic enamels. Powder paints plant has increased its sales by 25 percent and raised its market share on Russian powder coatings market up to 10.2 percent.

Markets Served: Architectural coatings, Automotive OEM coatings, Industrial coatings, Automotive refinishes, Powder coatings

In 2015, Russian Coatings’ strongest segment was automotive refinish, with 27.4 percent of sales. Architectural coatings followed with 18.8 percent, powder with 18.7, general industrial and industrial maintenance with 15.5 percent, and automotive with 12.6 percent. The remaining seven percent was varied. In 2015, the company’s production volume was 36.9 thousand tons. The sales volume in money terms in ruble equivalent rose by 8% against the previous year. The enterprise began the serial production of Prodecor PYRO paint characterized by its fireproof efficiency indicator 90 minutes. Prodecor materials went up to 26% in the portfolio amount. The powder paints business increased sales by 17% and kept its share at the Russian market of powder paints at the level of 9.1%. Starting a new production line allowed Russian Coatings to raise its production capacities up to 6.0 thousand tons.

Markets Served: Architectural coatings, Automotive OEM coatings, Industrial coatings, Automotive refinishes, Powder coatings

In 2014, volume production amounted to 30.5 thousand tons, and sales volume in ruble equivalent has grown by three percent. Russian Coatings has experienced sales growth in waterborne materials for decorative purposes (+6.7 percent), powder coatings (+15 percent) and industrial materials (+11 percent). In the decorative business, the company started producing the fire- bio-protective composition for wood in the Premia  sub-brand family. The largest growth of production has been exhibited by the powder coatings business (+29 percent), the market share thereof increased up to 20 percent, the sales volume in money terms amounted +15 percent. In the automotive refinish business the sales volume in money terms rose by two percent in comparison with last year; as for the sales volume in tons, it remained at the level of 2013.

Markets Served: Architectural coatings, Automotive OEM coatings, Industrial coatings, Automotive refinishes, Powder coatings

The year 2013 was very important for Russian Coatings. It was their company’s 175th  anniversary. Time showed that investments placed into construction of the powder coatings plant and the workshop for water paints have given their positive results. The output of powder materials had grown by 15 percent. The share of water materials in the output of decorative-building products had amounted even 44 percent. Although the output reached only 93 percent, the sales volume in rouble equivalent remained the same. In the decorative business the company proceded with series production of innovative ‘quick materials’ of sub-brand PREMIA family. These products feature faster drying. Sales of brand products in industrial business had increased from 46 percent in 2012 up to 55 percent in 2013.