YEAR ESTABLISHED: 1926
REVENUE: $1.767 billion t (2013: $1.965 billion)
• Decorative paints • Marine and protective coatings
• Industrial coatings • Powder coatings
Morton Fon, president and CEO; Bård K. Tonning, decorative paints; Esben Hersve, performance coatings; Ram Ramnath, powder; Geir Bøe; Bjorn Wallentin, protective.
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 33 production facilities in 20 countries, 68 companies in 43 countries and is represented in more than 90 countries around the world. Marine coatings comprised 27 percent of sales, Decorative paints 37 percent, Protective coatings 26 percent and Powder coatings 10 percent.
The company’s long-term growth trend continued in 2014, with improved sales in most segments and regions. Decorative Paints: Jotun manages the sale of both interior and exterior paints to the consumer and professional market through a global network of approximately 7,000 shops. In 2014, Jotun achieved growth in the Decorative segment, driven by strong sales in the Middle East, South East Asia and Turkey. Despite challenging market conditions, Jotun’s results in Scandinavia improved over 2013. Protective Paints: Jotun sells protective coatings to multiple industries and companies active in offshore, energy, infrastructure, the hydrocarbon processing industry and mining industries. In 2014, Jotun introduced a number of products to help differentiate Jotun from competing coatings manufacturers. In response to increased public awareness of environmental issues, Jotun has developed a broad range of waterborne products, and is developing several pipeline solutions that combine both protective and powder coatings.