07.29.22
Yaroslavl, Russia
www.ruskraski.ru
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.”
www.ruskraski.ru
PRIVATE COMPANY; YEAR ESTABLISHED: 1838
REVENUE: $112 million
MARKETS SERVED
Decorative and building materials; Automotive OEM; Car refinishes; Industrial materials; PowderKEY EXECUTIVES:
Abramov Valeriy, CEO; Savelyev Phillip, director of economics; Maksimov Leonid, coatings technical director.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.”