Coatings World - July 2012

Flugger Group
Roedovre, Denmark
www.flugger.com

PUBLIC COMPANY YEAR ESTABLISHED: 1785

REVENUE: $284 million ▲

(2010: 275mn)

MARKETS SERVED
• Architectural coatings
KEY EXECUTIVES
Soeren Peschardt Olesen, CEO; Paul
Wulff, CFO; Claus Bjoern, group sales
director; Steen Hoff, group supply
chain director.

Flügger Group is one of Scandinavia’s largest suppliers of dec- orative paint, wood stain, wallcoverings, paint tools and cleaning articles. Flügger Group is represented by Flügger shops in Denmark, Norway, Sweden, Iceland, Poland and China. There are more than 500 Flügger shops, of which more than 200 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 tur-pentine-based paint per year. With origins that date back to 1785, Flugger Group generated sales of $284 million in 2011.

50Shinto Paint Co. Ltd. Amagasaki, Japan www.shintopaint.co.jp

PUBLIC COMPANY YEAR ES TABLISHED: 1933 REVENUE: $278 million ▲ (2010: 207mn)

MARKETS SERVED
• Automotive coatings
• Industrial coatings
• Automotive OEM
KEY EXECUTIVES
Harunobu Horibe, chairman; Akira
Kubo, managing director and tech-
nical director; Ichiro Miyawaki,
president; Minoru Aono, senior
managing director.

Shinto Paint Co., Ltd. engages in the manufacture, process- ing and sale of paints, adhesives, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan. In addition, the company designs, implements, and supervises painting work and other various construction work, as well as related technical supervision. Further, it engages in contracting of installation work for painting facilities; and related machinery equipment, tools, and devices, as well as design and supervision of such installation work. The company provides maintenance coatings for protection against rust and corrosion to nuclear power stations, chemical plants, petroleum refinery plants, water and sewage treatment plants, and paper mills, as well as large-sized steel structures, such as ships, drilling rigs, offshore platforms, and other ocean development plants. Shinto Paint Co. was founded in 1901 and is headquartered in Amagasaki, Japan and saw sales grow to $278 million in 2011.

51JW Ostendorf Coesfeld, Germany www.jwo.com

PRIVATE COMPANY YEAR ES TABLISHED: 1948 REVENUE: $265 million▲ (2010: 251mn)

MARKETS SERVED
• Decorative coatings
KEY EXECUTIVES
Michael Ostendorf, manager; Gerald
Schaefer, manager; Martin Friedrich,
manager; Christoph Koch, director of
finance.

52Yung Chi Paint & Varnish Mfg Co. Ltd. Kaohsiung, Taiwan www.rainbowpaint.com.tw

PUBLIC COMPANY YEAR ESTABLISHED: 1951

REVENUE: $260.4 million ▲

(2010: 187mn)

MARKETS SERVED
• Architectural coatings
• Marine coatings
• Industrial coatings
KEY EXECUTIVES
Te-Hsiung Chang, president; DS
Chang, general manager; TJ Chang,
vice general manager; Tien-Yung
Chang, director; Tsung Te Han, man-
aging director; H.L. Shen, general
manager.

JW Ostendorf GmbH & Co. KG (JWO) has been producing paints, varnishes, lacquers and enamels since 1948 for a va- riety of applications and recorded sales in 2011 of approximately $265 million. It has its affiliates in Great Britain, Poland, Austria, Czech Republic, Switzerland, France and Hungary. It has a production capacity of more than 400 million liters per annum and a staff of over 600 in both Germany and abroad. It operates an integrated production and logistics facility at its headquarters in Coesfeld where it produces paints, trim and stains in one of Europe’s most modern paint factories. During the year JWO spun-off of its successful Signeo brand business into a separate company within the JWO group. The company also says it is the first and only paint manufacturer in Europe to be qualified by LGA in line with hygiene standards for the foodstuffs industry.

Yung Chi Paint & Varnish Manufacturing Co., Ltd. manufactures architecural coatings, heavyduty coat- ings, marine paints, coilcoatings, can coatings, nuclear coatings and curtain wall coatings primarily in Taiwan. The firm also manufactures and sells fire-retardant and fire protection coatings. In 2009, the company’s Malaysia Melaka factory started production for coil coatings. The company was founded in 1951 and is headquartered in Kaohsiung City, Taiwan and recorded sales of more than $260 million in 2011. In the architectural segment the company provides solvent-based acrylic paints, water-based cement mortar paints, dirt off exterior acrylic emulsion paints, water-based elastomeric paints, and water-based epoxy topcoats. Heavy duty coatings include epoxy paints, ready-mixed paints, top-long paints and polyurethane paints.