CIN Group
Maia, Portugal
www.cin.pt
Flugger Group
Roedovre, Denmark
www.flugger.com
PUBLIC COMPANY
YEAR ES TABLISHED: 1926
COATINGS REVENUES:
$298 million
SEGMENT BREAKDOWN
KE Y PEOPLE
Antonio Serrenho, honorary
chairman; Joao Serrenho, chairman; Angelo Machado, member
of board; Fernando Jorge
Ferreira, CFO.
PUBLIC SUBSIDIARY
COATINGS REVENUES:
$267 million
SEGMENT BREAKDOWN
KE Y PEOPLE
Soeren Peschardt Olesen,
CEO; Paul Wulff, CFO; Claus
Bjoern, group sales director;
Steen Hoff, group supply
chain director.
CIN (Corporação Industrial do Norte S.A.) is a Portuguese company that is the Iberian market leader for paint and coating products. The company was established in 1926 and is headquartered in
Maia, Norte Region. In 2009, Corporacao Industrial do
Norte, SA (CIN) turned out relatively positive results
when compared to the decline in the coatings markets it
serves. 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. 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. ;
Flügger Group is one of Scandinavia’s biggest suppliers of decorative paint, wood stain, wallcoverings, paint ools and cleaning articles. Flügger Group is represented by Flügger shops in Denmark, Norway, Sweden, Iceland,
Poland and China. In tota, have there are 507 Flügger shops,
of which 217 are owned by the company. Apart from this, its
subsidiary DAY-system contributes with sales from 214 shops
in Denmark, Norway and Sweden. The other daughter company, PP Mester Maling, has 41 shops in Denmark. The company has five factories, and the two main ones are in Kolding,
Denmark and in Bollebygd, Sweden. Here Flugger produces
paint, wood stain, fillers and chemical products. In Kolding it
produces water-based paint, and it comes to an amount of 20
million liters per year. In Bollebygd Flugger produces around
24 million liters of both water-based and turpentine-based
paint per year. ;
39
Dyrup A/S
Soborg, Denmark
www.dyrup.com
40
Teknos Group Oy
Helsinki, Finland
www.teknos.com
PUBLIC COMPANY
COATINGS REVENUES:
$261 million
SEGMENT BREAKDOWN
Dyrup is wholly-owned by the Monberg & Thorsen Group. The paint firm delivered revenue of $261 million in 2009. 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 2009. 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. ;
PRIVATE COMPANY
YEAR ES TABLISHED: 1948
COATINGS REVENUES:
$259 million
SEGMENT BREAKDOWN
Teknos Group Oy is the leading supplier of industri- al coatings in Scandinavia with a strong position in retail and architectural coatings too. Teknos is one
of Finland’s largest family-owned businesses. Group companies operate in Scandinavia, Germany, the United
Kingdom, Poland, Slovenia and Russia, and through a
well-established network of agents and representatives in
about twenty other European countries. A highlight of the
year was the acquisition of GORI’s industrial wood business from Dyrup. Another highlight of the year was the
establishment of a joint venture compa- ny in Russia with
a local partner. Under the name ‘Teknos Deko’, the company manufactures architectural coatings and has production facilities in St. Petersburg. Teknos also established a
new sales company and technical service center in
Shanghai, China. ;
