YEAR ESTABLISHED: 1838
REVENUE: $107,350 million
Decorative and building materials; Automotive OEM; Car refinishes; Industrial materials; Powder materials
Abramov Valeriy, CEO; Savelyev Phillip, director of economic; Kolomichev Mikhail, coatings technical director.
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.