PUBLIC COMPANY
YEAR ESTABLISHED: 1887
REVENUE: $1.557 billion ▲ (2010: 1.35bn)
MARKETS SERVED
• Adhesives
15H.B. Fuller Company St. Paul, Minnesota/USA www.hbfuller.com
KEY EXECUTIVES
Jim Owens, president and CEO; James Giertz, senior VP and CFO; Joan Schuller, 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 $1.557 billion in 2011. During the year, H.B.
Fuller strengthened its foothold in Turkey by signing an agreement
to enter into a joint venture with Burak Özberk, its longstanding
agent there. A new entity will be created, with H.B. Fuller owning
majority control. H.B. Fuller Company has acquired the assets of
privately held Liquamelt Corp., an Ohio-based manufacturer and
marketer of the patented Liquamelt adhesive system. H.B. Fuller
Company has opened its manufacturing facility in Nanjing, China.
The new plant is the first multinational reactive adhesives plant in
China and is located in the Nanjing Chemical Industrial Park. This
facility and the company's regional technical center in Shanghai
will collaborate to serve the Asia Pacific region. H.B. Fuller's Nan-
jing facility will produce urethanes and other reactive chemistries
for customers in the construction, filter, flexible packaging, solar,
textile, window and woodworking markets. H.B. Fuller during the
year also appointed Joan Schuller as vice president, Asia Pacific.
Schuller joined H.B. Fuller from Dow Advanced Materials. Prior to
its acquisition by Dow, Schuller spent 16 years at Rohm and Haas
Company, including five years leading businesses in Singapore and
China. H.B. Fuller said it agreed to buy Swiss firm Forbo's indus-
trial adhesives business for $395 million, as the specialty chemicals
maker bulks up its presence in Europe. Since March 2009, St Paul,
Minnesota-based H.B. Fuller has acquired four adhesive makers.
Adhesive and related products make up more than 85 percent of
the company's sales. Forbo's adhesive business will generate about
$580 million in revenue this year, H.B. Fuller said, and it is also
ranked in this year’s report for the last time.
PUBLIC COMPANY
YEAR ESTABLISHED: 1915
REVENUE: $1.500 billion ▲ (2010: 1.2bn)
MARKETS SERVED
• Architectural coatings
• Marine and protective coatings
• Container coatings
• Yacht coatings
• Decorative coatings
16Hempel A/S Kgs. Lyngby, Denmark www.hempel.com
KEY EXECUTIVES
Pierre Yves Jullien, group president and CEO; Kim Junge Andersen, group executive VP
and CFO; Key managers: Jannik Allentoft, marine; Sueno Johnsen, protective; Lars Her-mansen, container; Christian Ottosen, yacht; Soren Nyburg Rasmussen, technical director.
Protective coatings supplier Hempel recorded sales of $1.5 billion in 2011, up from $1.2bn the year before. At the be- ginning of the year it opened a new manufacturing facil-
ity in Guangzhou, China that includes a new research and
development center, which is the third largest R&D facility
within the Hempel Group. With 56,000 square meters of space,
Hempel’s newest and largest factory, located in Guangzhou,
China, is expected to produce more than 42 million liters of
coatings per year, with a maximum production capacity of 55
million liters. The Guangzhou factory was completed in 14
months at a cost of approximately € 22. 5 million. Hempel also
signed during the year an investment agreement between itself
and local government officials in the Russian Ulyanovsk region
marking its first Russian paint production facility. With the sign-
ing of the investment agreement, the Hempel Group and the
Ulyanovsk authorities have sealed their commitment to the
€ 23 million turnkey project to be built close to the city of
Ulyanovsk, 893 kilometers east of Moscow. Scheduled to start
production in December 2012, the plant is meant to help meet
growing demand for Hempel coatings in the Russian market.
The Danish company also acquired the UK’s second largest
coatings maker, Crown Paints. The decorative coatings manu-
facturer will help Hempel to grow its decorative coatings busi-
ness. Hempel also expanded its operations in the Indian
subcontinent with the opening of a new manufacturing unit in
Nashik, Maharashtra. The company also plans to invest ap-
proximately € 15-20 million in a greenfield project over a pe-
riod of three years. Hempel has also expanded its R&D center
in Spain to offer a more complete protective coatings system
with advanced intumescent technology.
www.coatingsworld.com
Coatings World | 59
