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    Features

    2019 CEO Forum

    Coatings World’s 2019 CEO Forum features executives from 9 coatings companies offering their insights on the industry.

    2019 CEO Forum
    Henrik Andersen
    2019 CEO Forum
    2019 CEO Forum
    John Falder
    2019 CEO Forum
    2019 CEO Forum
    Boris Gorella
    2019 CEO Forum
    2019 CEO Forum
    Michael H. McGarry
    2019 CEO Forum
    2019 CEO Forum
    Abhijit Roy
    2019 CEO Forum
    2019 CEO Forum
    Daniel Llinas-Salá
    2019 CEO Forum
    2019 CEO Forum
    Tetsushi Tado
    2019 CEO Forum
    2019 CEO Forum
    Thierry Vanlancker
    2019 CEO Forum
    2019 CEO Forum
    Armodios Yannidis
    2019 CEO Forum
    03.08.19
    Coatings World:  How did the market for paints and coatings fare overall in 2018?

    Andersen: As expected, the coatings market remained very competitive in 2018. Raw material prices increased more than anticipated, which affected the entire industry and put immediate pressure on our profitability. In addition, the marine and oil & gas markets remained in a recessional state and the political and macro-economic situation in the Middle East made business tougher than anticipated.

    Finally, we saw challenging market conditions in Asia-Pacific. We met those challenges with a positive mindset and managed to turn around the curve by installing new leadership teams in the region and by working hard on the ground to create a winning Hempel Culture, one with strong ties to our customers that ensures all employees are engaged in our customer-focused vision.

    Falder: Raw material pricing and availability of key raw materials in a number of areas has created its own challenge throughout the year for all coatings manufacturers and HMG was no different. Global factors continue to create a fragility across

    Continue reading this story and get 24/7 access to Coatings World for FREE


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