Coatings World - July 2011

PUBLIC COMPANY YEAR ESTABLISHED: 1887 REVENUE: $1.35 billion ▲ (2009: 1.2)

MARKETS SERVED • Adhesives

H.B. Fuller Company
St. Paul, Minnesota/USA
www.hbfuller.com

KEY EXECUTIVES Jim Owens, president and CEO; James Giertz, senior VP and CFO; Kevin Gilligan, VP, Asia Pacific; Steven Kenny, senior VP, EIMEA; Barry Snyder, VP and chief technology officer.

H.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The com- pany is managed through four regional operating segments— North America, Europe, Latin America and Asia Pacific. The largest business component in each of the regional segments is adhesives. H.B. Fuller posted sales of $1.35 billion in 2010.

During the year, H.B. Fuller acquired Revertex Finewaters, a leading supplier of adhesives in Malaysia. Revertex Finewaters strengthens the company’s presence in Southeast Asia and adds $18 million in annual revenue. Revertex Finewaters operates a well developed export network throughout Southeast Asia, including Thailand, Indonesia, Philippines, Vietnam and Singapore.

H.B. Fuller also closed on a new, $200 million facility that provides additional flexibility for future growth efforts.

The company also exited its polysulfide-based insulating glass
sealant business in Europe, allowing better focus on the com-
pany’s core growth markets.

KCC Corporation
Seoul, South Korea
www.kccworld.co.kr
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PUBLIC COMPANY
YEAR ESTABLISHED: 1958
REVENUE: $1.3 billion
MARKETS SERVED
• Marine and container coatings
• Automotive refinish
• Decorative coatings
• Automotive coatings
• General industrial coatings
• Powder coatings
KEY EXECUTIVES
Mong Jin Chung, chairman; Mong Ik Chung, CEO; Joong Gil
Lee, marketing director; Won Ho Lee, technical director; Seg-
ment managers: Jin Ho Kim, decorative and automotive refin-
ish; Gap Hyun Yeo, general industrial and powder coatings;
Won Ki Hong, marine; Sung Ki Rye, automotive.

Korea Chemical Co., Ltd. was established in 1958 and is now the largest paint producer in South Korea. The company is involved in the production of paints for automobiles, ships, containers, construction and industrial use. It also manufactures PVC material for flooring and paint sealant.

Paint for the automotive OEM segment is the largest and accounted for 33 percent of sales. Decorative coatings accounted for just over eight percent; general industrial four percent; marine coatings 14 percent; powder coatings just over one percent; pre-coated metal nearly 19 percent; and the remainder of sales is not detailed. The company was formerly known as Kumkang Korea Chemicals Co., Ltd. and changed its name to KCC Corporation in March 2005. KCC Corporation is headquartered in Seoul, South Korea.

On the technology front, KCC’s Korepox EH2350 is a ship paint characterized by salt water and abrasion resistance as well as anti-corrosiveness. This paint is applied to steel structures such as tanks, pipes and warehouses that need long-term protection under extremely corrosive marine conditions.

Korepox EH2350 has been applied to more than 500 ships since its development in 1993. The product has passed all the tests required by PSPC (Performance Standard for Protective Coating) of IMO (International Maritime Organization) and obtained all other necessary certificates from classification societies in the U.S. (ABS), Britain (LR), Norway (DNV) and Japan (NK). In 2009 it won a World’s Best Product and Manufacturer award supervised by the Korea Productivity Department of the Ministry of Knowledge Economy.