41
CIN Group
Maia, Portugal
www.cin.pt
42
Dyrup A/S
Soborg, Denmark
www.dyrup.com
PUBLIC COMPANY
HEADCOUNT: 680
YEAR ES TABLISHED: 1926
COATINGS REVENUES:
$319 million
SEGMENT BREAKDOWN
• Architectural/decorative: 59%
• Auto refinish: 3%
• Industrial: 18%
• Protective: 16%
• Other: 4%
KE Y PEOPLE
Antonio Serrenho, honorary
chairman; Joao Serrenho, chairman; Angelo Machado, member
of board; Fernando Jorge
Ferreira, CFO.
PUBLIC COMPANY
HEADCOUNT: 1,000
COATINGS REVENUES:
$316 million
SEGMENT BREAKDOWN
• Decorative coatings
• Wood coatings
KE Y PEOPLE
Erik Holm, CEO and member of
executive board; Peter Sor-ensen, COO of Denmark; Ulrich
Mikkelsen, head of corporate
finance; Arianeh Aamodt, head
of corporate R&D.
In 2008, Corporacao Industrial do Norte, SA (CIN) turned out relatively positive results when com- pared to the decline in the coatings markets it
serves. The sales of CIN Group dropped in Portugal
2.3% against an estimated fall in the Iberian coatings
market of 12.5%. CIN’s gains were above the market
average, which helped the firm improve its leadership
in the Iberian coatings market. During the last quarter
of 2008, a new factory was inaugurated in the outskirts
of Barcelona, in Montcada i Reixac. It will cover a total
area of 24,833 square meters. Moving forward the
Angolan market is one of CIN’s priority markets where
it intends to strengthen its leadership position. In 2008,
CIN also launched on its website a color simulator—
CIN Color Studio Simulator—a tool that allows users to
experiment with different colors without any risks. ;
Dyrup is wholly-owned by the Monberg & Thorsen Group. The paint firm delivered revenue of $316 million in 2008. The slowdown in construction
activity affected the professional (PRO) and industrial
markets, in particular, which accounted for just under 60%
of Dyrup’s revenue in 2008. Dyrup reported marked
growth in DIY in the Iberian Peninsula throughout the
year, which made up for the sharp decline in demand in the
PRO market. DIY revenue also showed progress in Poland,
driven by the rollout of products tailored to the Polish market. In 2008/09, Dyrup worked on the development of a
new strategy—Fresh Start—one of the consequences of
which is tightened focus on DIY and PRO, applying a cus-tomer-oriented approach. As a consequence of this, Dyrup
entered into an agreement in January 2009 on the sale of
its industrial activities in April 2009. ;
43
Altana AG
Wesel, Germany
www.altana.com
44
Kelly-Moore
San Carlos, CA/USA
www.kellymoore.com
PUBLIC COMPANY
HEADCOUNT: 4,791
YEAR ES TABLISHED: 1873
COATINGS REVENUES:
$315 million
Total sales: $1.973 billion
SEGMENT BREAKDOWN
• BYK Additives & Instruments
• Eckart Effect Pigments
• Elantas Electrical Insulation
• Actega Coatings & Sealants
KE Y PEOPLE
Dr. Matthias Wolfgruber, CEO;
Martin Babilas, CFO; Dr. Guido
Forstbach, president division
coatings and sealants.
Altana AG is broken into four business sectors: BYK Additives & Instruments ( 33.6%), Eckart Effect Pigments ( 26.1%), Elantas Electrical
Insulation ( 24.3%) and lastly, Coatings & Sealants
(16%). The division ACTEGA Coatings & Sealants,
which posted sales of $315 million in 2008, develops
and produces specialty coatings and sealants for the
packaging and graphic arts industry. Designed to
enhance the appearance of paper, paper board, plastic and metal, the main customer for the products
developed, manufactured and sold by ACTEGA is the
packaging industry. ACTEGA is the market leader in
overprint varnishes and sealing compounds for closure and glass containers. ;
PRIVATE COMPANY
HEADCOUNT: 1,500
YEAR ESTABLISHED: 1946
COATINGS REVENUES:
$281 million
SEGMENT BREAKDOWN
• Architectural coatings: 80%
• Industrial coatings: 10%
• Non-auto OEM: 10%
KEY PEOPLE
Steve DeVoe, president; Dan
Stritmatter, CFO; Todd Gentry,
vice president of sales; Mike
Black, vice president of operations; Rod O’Neal, marketing
director;
Kelly-Moore has 163 retail stores, three major man- ufacturing facilities in San Carlos, CA, Hurst, TX and Seattle, WA, with approximately 1,500
employees. Eighty percent of the company’s sales are from
architectural and decorative coatings sales, ten percent
from industrial and the remaining ten percent from OEM
(excluding automotive). Kelly-Moore Paint Company has
recently introduced two zero-VOC, low odor paint lines,
Enviro Coat and Green Coat. These two new lines meet
both health and environmental concerns. Zero-VOC and
low-odor Enviro Coat is a premium quality, 100% acrylic
interior paint featuring good sealing properties and excellent hide. Zero-VOC Green Coat interior coatings have the
same performance and service life as conventional interior
architectural coatings. Along with a wide range of custom-mixed colors, Green Coat is available in six stock colors. ;
