Tikkurila Oyj
Vantaa, Finland
www.tikkurila.com
PUBLIC COMPANY
YEAR ES TABLISHED: 1862
REVENUE: $781 million
MARKETS SERVED
• Decorative coatings
• Industrial coatings
KEY EXECUTIVES
Erkki Jarvinen, president and CEO; Jukka Havia, CFO;
Petri Miettinen, VP, supply chain and HSEQ; Anna-Lena
Hogfeldt, VP, group marketing; Kenneth Sundberg, VP,
R&D; Janno Paju, VP, East; Niklas Frisk, VP Scandinavia;
Arto Lehtinen, VP, Finland; Ilpo Jousimaa, VP, Central
Eastern Europe.
Tikkurila’s operations are divided into two business areas. Tikkurila Deco, which accounts for roughly 80 percent of rev- enues and sells decorative paints to consumers and professionals in more than 5,000 retail sales outlets in more than 40 countries,
while Tikkurila Industrial Coatings, which accounts for 20 percent of
revenues, provides coating solutions to customers in the wood and metal
industries. Tikkurila is the leading regional paints and coatings company in Finland, Sweden and Russia. During the year, the Finland
pavilion received a Golden Statue for the best Pavilion Design in
category B when the best pavilions of Shanghai World EXPO 2010
were awarded at the year-end by BIE (Bureau International des Expositions) in Shanghai. Tikkurila supplied paints and lacquers for the
pavilion's steel frame, all the interiors as well as the entrance and the
courtyard exterior walls. Visitors were especially charmed by the "frozen
lake" with painted fish decorations on white concrete floors.
27
Shawcor
Toronto, Ontario,
Canada
www.shawcor.com
PUBLIC COMPANY
REVENUE:
$728 million
MARKETS SERVED
• Pipe coatings
KEY EXECUTIVES
V.L. Shaw, chair of the board; W.P.
Buckley, president and CEO; J.D.
Tikkanen, president, Bredero Shaw.
Lord Corporation
Cary, North Carolina/USA
www.lord.com
PRIVATE COMPANY
YEAR ESTABLISHED: 1919
REVENUE: $765 million
MARKETS SERVED
• Automotive aftermarket
adhesives
• Industrial metal bonding
adhesives
• Corrosion control coatings
• High performance/heat
reflective coatings
KEY EXECUTIVES
Richard McNeel, chairman, president
and CEO; Jack De Leon, COO; Sharon
Williams, senior VP, strategy and mar-
ket development; Ed Auslander, VP,
global business management.
Lord Corporation produces and sells general purpose and spe- cialty adhesives and coatings. The privately held firm recorded coatings and adhesives sales of approximately
$765 million in 2010. Lord Fusor automotive aftermarket adhesives are used to return vehicles to pre-accident condition and include adhesives for bonding, metals and plastics, seam sealers and
acoustical foams. Lord’s industrial metal bonding adhesives can replace welds, rivets, screws, tape and other traditional fastening
methods. Lord also has a line of elastomer bonding formulations
that can accommodate commercially available elastomers, diverse
metals and rigid plastic substrates. In terms of coatings, Lord manufacturers corrosion control coatings, specifically the MetalJacket
line of coatings that protects substrates against corrosion and improves bonding properties. Lord also offers high performance/heat
reflective coatings.
28
DuluxGroup Limited
Clayton, Victoria,
Australia
www.deluxgroup.com.au
PUBLIC COMPANY
YEAR ES TABLISHED: 1918
REVENUE:
$700 million
MARKETS SERVED
• Decorative coatings
• Powder coatings
• Industrial coatings
KEY EXECUTIVES
Peter Kirby, chairman; Patrick Houli-
han, managing director and CEO;
Stuart Bloxer, executive director and
CFO.
The pipe coating division of Shawcor Ltd., Bredero Shaw is the world’s largest pipe coating manufacturer with sales of roughly $728 million in 2010. In early 2010 Bredero
Shaw entered into a joint venture agreement with Arkh Tekhno-Prom, an affiliate of Mezhregiontruboprovodstroi, the leading
Russian offshore pipeline contractor. The joint venture will establish a pipe coating facility in the Arkhangelsk Region, Russian Federation that will provide advanced concrete weight coating
services for the emerging northern Russia offshore pipeline market. In other expansion news Bredero Shaw completed the acquisition of the remaining 50 percent interest in Thermotite Brasil
Ltda. and BS Servicios de Injeção that it did not previously own.
The purchase price was $37.9 million. Since 2006, Bredero Shaw
has been a partner in this joint venture in the offshore thermal insulation market in Brazil.
In July 2010 DuluxGroup Limited ceased to be a subsidiary of Orica Limited and became a separately listed entity on the Australian Se- curities Exchange (ASX). DuluxGroup consists of four business segments: Paints Australia, which is Australia’s leading marketer and
manufacturer of premium branded decorative paints, texture, protective
and wood care coatings products; Paints New Zealand, which is New
Zealand's leading marketer and manufacturer of premium branded decorative paints, texture and wood care coatings products; Selleys Yates,
which is Australia and New Zealand's leading marketer and manufacturer of home improvement and garden care products; and the Offshore
and other segment comprises Australia and New Zealand’s leading marketer and manufacturer of powder and industrial coatings. Dulux Paints
in Papua New Guinea and DuluxGroup’s China and Southeast Asia businesses are known as DGL International. Excluding the Selleys Yates operation, DuluxGroup recorded sales of $700 million in 2010.
64 | Coatings World
www.coatingsworld.com
July 2011
