07.14.11
76 JSC Russian Coatings
KEY EXECUTIVES
During 2010 Russian Coatings Company experienced positive growth and recorded sales of $140 million. The company’s overall sales structure is divided into five business units. The decorative and architectural unit, which generated 38.3 percent of the company’s revenue, grew by 12 percent during the year as a result of the launch of a new production site of waterborne materials. At the height of the economic crisis, Russian Coatings’ OEM coatings production for the automotive industry fell by 60 percent in 2009. However, the unit rebounded and turned in 30 percent growth in 2010, which represented 13.3 percent of total revenue. The company said its joint venture DuPont Russian Coatings is a strategic point of future growth in the automotive OEM sector. For the last two years the company said its auto refinish unit has remained stable in terms of sales and market share, which are on par 2008 levels. In 2010 the auto refinish unit represented 26.9 percent of company revenue.
Yaroslavl, Russia
PRIVATE COMPANY
YEAR ESTABLISHED: 1838
REVENUE: $140,440 million
MARKETS SERVED
• Architectural coatings
• Automotive OEM coatings
• Industrial coatings
• Automotive refinishes
• Powder coatings
KEY EXECUTIVES
Abramov Valeriy, CEO; Savelyev Philipp, director of economics; Kolomichev Mixhail, technical director; Segment managers: Yakovlev Nicolay, decorative and building materials; Konushko Dmitriy, automotive OEM; Lomakin Vyatcheslav, car refinish; Abramian Grigory, industrial materials; Kotov Sergey, powder materials.
During 2010 Russian Coatings Company experienced positive growth and recorded sales of $140 million. The company’s overall sales structure is divided into five business units. The decorative and architectural unit, which generated 38.3 percent of the company’s revenue, grew by 12 percent during the year as a result of the launch of a new production site of waterborne materials. At the height of the economic crisis, Russian Coatings’ OEM coatings production for the automotive industry fell by 60 percent in 2009. However, the unit rebounded and turned in 30 percent growth in 2010, which represented 13.3 percent of total revenue. The company said its joint venture DuPont Russian Coatings is a strategic point of future growth in the automotive OEM sector. For the last two years the company said its auto refinish unit has remained stable in terms of sales and market share, which are on par 2008 levels. In 2010 the auto refinish unit represented 26.9 percent of company revenue.
