YEAR ESTABLISHED: 1926
REVENUE: $270 million
MARKETS SERVED: Architectural, Industrial and Protective coatings
KEY EXECUTIVES: João Serrenho, chairman and CEO; Ângelo Machado, board member; Fernando Jorge Ferreira, CFO
CIN has been at the forefront of the sector in the Iberian Peninsula for two decades, with a turnover of $270 million in 2017 (8 percent up on 2016). With approximately 1,400 employees and a presence in more than 20 countries, its business is focused on the three main market segments – Architectural, Industrial and Protective Coatings. With three Research and Development (R&D) centers, in Portugal, Spain and France, CIN is unwaveringly committed to innovation – anticipating market needs, improving processes – thus ensuring the success of its products, which can now be found in 40 countries in Europe, the Americas, Asia and Africa. Besides innovation, CIN has long been investing in the quality and sustainability of its operations as its several certifications can attest: Quality management system (ISO 9001), Environment management system (ISO 14001) and Occupational, Health and Safety system (OHSAS 18001). Production is secured by eleven plants in Portugal, Spain, France, Angola and Mozambique, amounting to a total productive area of over 150 000 square meters and an overall installed capacity of 135,000 tons, which is backed up by 14 distribution centers.
Approximate percentage of sales in: Architectural: 52 percent Industrial (including powder): 37 percent Protective coatings: 11 percent.
Number of coatings manufacturing facilities worldwide: 10 Facilities by location with the type of product(s) manufactured: Maia, Portugal – decorative, industrial and protective coatings Maia, Portugal – powder Barcelona, Spain – decorative, industrial and protective coatings Madrid, Spain – powder coatings Girona, Spain – industrial coatings Lyon, France – industrial coatings Nantes, France – industrial coatings Reims, France – industrial coatings Benguela, Angola – decorative and protective coatings Maputo, Mozambique – decorative and protective coatings
Recent moves: Acquisition of Govesan, Spain, 2017 March.