PUBLIC COMPANY
YEAR ESTABLISHED: 1910
COATINGS REVENUES: $2.110 billion
TOTAL REVENUES: $3.836 billion
Sika AG
Baar, Switzerland
www.sika.com
Sika’s product line includes con- crete admixtures, sealants, adhe- sives, corrosion inhibitors, specialty mortars, epoxy resins, structural
strengthening systems, grouts, anchoring adhesives, overlays, and protective
coatings. The sale of adhesives, sealants
and coatings amounted to approximately $2.110 billion in 2009, down from
$2.356 billion the previous year. These
products are spread out across the construction segment, which is reponsbile
for about 80% of revenue, and the industry segment, which makes up the
remaining 20%.
SEGMENT BREAKDOWN
• Construction Segment: 81.4%
• Industry Segment: 18.6%
In January 2009 Sika took over the
English Iotech Group Limited, with subsidiaries in Great Britain, the U.S. and
Belgium. Iotech is a specialist in the formulation, production and distribution of
polyurethane liquid membranes and
their precursor products.
In September Sika purchased a
majority interest in Jiangsu TMS
Admixture Co., Ltd. The company is a
leading provider of concrete admixtures to the dynamically expanding
Eastern Chinese market.
Also during the year, in Antwerp,
Belgium, Sika brought a new plant on
line for production of the high-perform-
ance superplasticizers Sika ViscoCrete
and SikaPlast. Construction of this facil-
ity, which has an annual capacity of
40,000 tons, was necessary because the
demand for Sika ViscoCrete had grown
by a multiple of what it was upon market
launch in 2000.
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Jotun AS
Sandefjord, Norway
www.jotun.com
PRIVATE COMPANY
YEAR ESTABLISHED: 1926
COATINGS REVENUES: $2.050 billion
TOTAL REVENUES: $2.050 billion
SEGMENT BREAKDOWN
KEY PEOPLE
Morton Fon, president and CEO; Bard Tonning, group
executive VP, Jotun Dekorativ; Erik Aaberg, group execu-
tive VP, Jotun Paints; Esben Hersve, group executive VP,
Jotun Coatings; Martin Chew, group executive VP, Jotun
Powder Coatings.
Jotun’s coatings revenues in 2009 totalled $2.050 billion. During the year, Jotun’s board of directors approved investment in a new
factory in the U.S. because, the company said, the U.S. is an important
marine market and also becoming
increasingly important for the protective coatings segment. Jotun said its
existing factory in Belle Chasse, LA,
requires significant upgrading so for
business reasons as well as operational reasons it makes sense to build
a new factory.
Jotun Saudia inaugurated a new
state of the art paint factory in
Yanbu. The company invested rough-
ly US$27 million in the highly-auto-
mated factory that will exclusively
produce waterborne paints. With the
inauguration of the new factory
Jotun’s installed production capacity
in the Saudi Arabia is 110 million
liters of paint, making it one of the
largest in the Middle East.
The 10,000 megawatt project will be
completed during 2009-2014 for
which Jotun will supply more than
five billion liters of paint, to protect
ten electric power facilities. Jotun
Indonesia has secured important
power plant projects in recent years
such as Muara Karang, Paiton and
Rembang.
In the Middle East, with aims to
address the increasing demand for environmentally safe paint products in the
region, Jotun introduced the Jotashield
SuperDurable, a low VOC coating based
on a special hybrid silicone binder with
twice the life span of traditional coatings, the company said. ;
