PUBLIC COMPANY; YEAR ESTABLISHED: 1926
REVENUE: $2.1 billion s (2017: $2.028 billion)
Decorative paints; Marine coatings; Protective coatings; Powder coatings
Morton Fon, president and CEO; Vidar Nysaether, CFO; Baard Kristian Tonning, GEVP Decorative.
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 40 production facilities in 24 countries, 64 companies in 45 countries and is represented by more than 100 countries around the world. The company has 9,872 employees. Decorative coatings comprised 40 percent of sales, marine coatings 25 percent, general/industrial coatings 25 percent and powder coatings 10 percent.
New Product Launches
Jotun unveiled the next generation of its SeaForce biocidal antifouling range, with three new products featuring Hydractive technology. The new solution provides predictable, long-term performance for diverse vessel needs. Jotun originally launched its SeaForce range in 2004. Since that point, there has been some 27,000 vessel applications worldwide.
The range features three core products: SeaForce Shield, offering effective protection; SeaForce Active, actively working to safeguard hulls even when vessels are not in use; and SeaForce Active Plus, delivering premium protection at an affordable price.
SeaForce Active and SeaForce Active Plus also feature a triple biocide package, one of which is the same biocide combination used in the top of the range SeaQuantum product portfolio.
Jotun recently launched Ultra One, Ultra Lite and Primax Excel, which allow engineered wood to be protectively coated in powder – and for the first time, these products can be applied to natural wood too.
This process has not been possible before on natural wood due to the fact that the temperatures required to use powder coatings would damage the material.
This breakthrough gives designers a new way of considering wood as a viable building material and brings a durable, more environmentally friendly product to the forefront of forward-looking design. Copenhagen-based designer Troels Flensted has used Ultra One on one of his latest designs.
Flensted wanted to elevate his chosen material of MDF and have the design monochromatic, textured and with differing dimensions of reflection and shading – all of which the powder coating helped make possible.
Jotun said it signed a memorandum of understanding with the world’s largest shipyards for a new type of marine paint that reduces solvent emissions by up to 90 percent. A memorandum of understanding has been signed with Korean Hyundai Heavy Industries (HHI). This is the starting point of closer cooperation and the use of a new, innovative solvent-free primer.
The signing took place between Jotun’s chairman Odd Gleditch, Jr. and HHI’s Chief Executive Ka Sam-Hyun during the South Korean President’s state visit to Norway in June.
South Korea’s Minister of Industry Yunmo Song attended the signing ceremony.
“The partnership with Jotun will allow HHI, the world’s largest shipbuilder, to be better equipped to meet the new environmental requirements that are aimed at reducing solvent emissions, “ said Sam-Hyun.
“We are, of course, very pleased with the agreement with the world’s largest shipyard, but even more satisfied that our innovation is contributing to a better environment,” added Morten Fon, CEO Jotun.
The product will reduce solvent VOC emissions into the air from approximately 250 grams per liter to just nine grams per liter. Shipyards will save hundreds of millions of dollars by avoiding investments in plants related to the combustion of VOCs. VOC combustion also leads to CO2 emissions, so this innovation provides a double benefit.
“We have conducted research in Korea and in Norway while developing this paint, and after 13 years can conclude that we have succeeded in developing a product that reduces solvent emissions by over 90 percent,” said Erik Risberg, one of the scientists behind the new paint.
Primers make up 60-70 percent of the total amount of paint applied to a ship. The new product is currently available for Korean shipyards and selected shipbuilders in Europe.