Sika AG
Baar, Switzerland
www.sika.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1910
REVENUE: $2.3 billion ; (2009: 2.1)
MARKETS SERVED
• Sealants
• Adhesives
• Protective coatings
KEY EXECUTIVES
Walter Grüebler, chairman of the board; Ernst Bärtschi, CEO; Group management: Alexander Bleibler, construction, contractors; Christoph Ganz, construction, distribution; Ernesto Schümperli, construction, concrete; Bruno Fritsche,
industry; Silvio Ponti, Europe North; Hubert Perrin De Brichambaut, Europe
South; Iven Chadwick, IMEA; Paul Schuler, North America; Jose Luis Vazquez,
Latin America; Jan Janisch, Asia Pacific.
Sika’s product line includes concrete admixtures, sealants, ad- hesives, 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 $2.3 billion in
2010, up from $2.1 billion the previous year. These products are
spread out across the construction segment, which is responsible
for about 80 percent of revenue, and the industry segment, which
makes up the remaining 20 percent.
During the year, Sika AG’s subsidiary Sika (Japan) Ltd. acquired the construction sealant business of Henkel Japan Ltd.
The acquired business includes the well-known trademarks,
Bellace and Duribbon, which are well established in the Japanese construction market with annual sales of approximately
$11.5 million. With this acquisition, Sika will complement its
Sikaflex range and strengthen its market position in the Japanese construction sealant market.
Sika Corporation, the U.S. subsidiary of Sika AG, acquired the automotive glass replacement business of ADCO
Products, Inc. The business acquired reaches an annual
turnover of approximately $7 million and will be integrated
into Sika’s aftermarket business unit in the U.S. and its industry division in Canada and Latin America. As part of the
transaction, Sika acquired the rights to the Titan brand name
of auto glass adhesives.
Sika Corporation also acquired the Green streak Group,
Inc. Headquartered in St. Louis, Missouri,/USA annual revenues for Greenstreak are approximately $30 million.
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Jotun AS
Sandefjord, Norway
www.jotun.com
PUBLIC COMPANY
YEAR ESTABLISHED: 1926
REVENUE: $2.0 billion ; (2009: 1.8)
MARKETS SERVED
• Decorative paints
• Marine and protective coatings
• Industrial coatings
• Powder coatings
KEY EXECUTIVES
Morton Fon, president and CEO; The management team: Bard Tonning, Jotun Dekorativ;
Erik Aaberg, Jotun Paints; Esben Hersve, Jotun Coatings; Martin Chew, Jotun Powder
Coatings; Ben Guren, CFO.
The Jotun Group consists of four Divisions: Jotun Dekorativ, which has responsibility for Jotun’s trade and DIY decorative paints business in Scandinavia; Jotun Paints, which covers decorative paints in all markets outside Scandinavia and also sells marine
and protective coatings for selected markets in the Middle East and
South East Asia; Jotun Coatings has global responsibility for marine
and protective coatings and also decorative paints in selected local markets in Europe and markets in Asia. Jotun Powder Coatings covers
global powder coatings and the product portfolio caters to the architectural, functional and industrial market segments.
During the year, Jotun Saudia inaugurated a new state of the
art paint factory in Yanbu. The company invested roughly $27 million in the factory that will exclusively produce waterborne paints.
Jotun’s production capacity in Saudi Arabia is 110 million liters of
paint, making it one of the largest in the Middle East.
Jotun was chosen to supply 400,000 liters of paint to the
Taizhou Yangtze Bridge in China, which has a designed length of
6.2 kilometers, which is equal to nearly four miles. The paint sup-
ply contract for Taizhou Yangtze Bridge in Jiangsu Province in
China is an important milestone for Jotun's bridge segment and
was signed by Jotun Protective Coating China. With 2x1080 me-
ters spans connecting three towers, the Taizhou Yangtze Bridge
will be the biggest three-tower suspension bridge in the world. The
construction of the Taizhou Yangtze Bridge started in 2010, and
will be completed during 2014.
www.coatingsworld.com
July 2011
