Coatings World - July 2012

73Yasar Coating Group Izmir, Turkey www.dyo.com.tr

PRIVATE COMPANY YEAR ES TABLISHED: 1927 REVENUE: $165 million ▲ (2010: 155mn)

MARKETS SERVED
• Construction paints
• Industrial paints
• Furniture paints
• Automotive paints
• Marine paints
KEY EXECUTIVES
Selcuk Yasar, president of Yasar
Holding; Hasan Denizkurdu, CEO.

Dyo Boya, dates back to the opening of a paint shop in Seritciler Carsısı by Durmus Yasar in 1927. Turkey’s first paint was produced by Yasar in 1941 and was followed with the opening of the country’s first and then only coatings factory in 1954. A member of Yasar Holding, Yasar Coatings Group’s five companies led by Dyo Boya serves the market with 1,000 different products. Under the brand names Dyo and Dewilux, Yasar Coatings Group employs about 1,100 people and exports its products to 40 countries. The group’s export markets are located primarily in Central Asia, the Middle East, Europa and Russia. The company is active in the decorative, marine and industrial paints sectors as well as car refinishes, furniture paints and lacquers.

74Chokwang Paint Co. Ltd. Busan, South Korea www.chokwangpaint.co.kr

PUBLIC COMPANY YEAR ESTABLISHED: 1947

REVENUE: $151 million ▲

(2010: 133mn)

MARKETS SERVED
• Architectural coatings
• Wood coatings
• Industrial coatings
• Powder coatings
• Automotive refinishes
KEY EXECUTIVES
Dae-Eun Lee, president and CEO; Ha-Ok
Kim, managing director of business plan-
ning division; He-Jin Moon, chief of man-
agement team and director; Jae-Hong
Park, managing director of research insti-
tute; Sung-Ho Yang, senior managing di-
rector of management division.

Chokwang Paint Limited manufactures paint products and coatings in Korea. Its products include architec- tural paints, interior paints, floor coatings and water floor paints, wood coatings, industrial coatings, plastic coatings and auto refinish coatings, powder coatings, heavy-duty coatings, and DIY paints. In addition, Chokwang provides a speed color system to each dealership it operates through, which can mix colors at customers request within three minutes with an automatic color mixer controlled by a computer. The company was formerly known as Chokwang Co., Inc. and subsequently changed its name to Chokwang Paint Limited. Chokwang Paint Limited was founded in 1947 and is headquartered in Busan, South Korea.

75Diamond Vogel Paints Orange City, IA www.diamondvogel.com

PRIVATE COMPANY YEAR ESTABLISHED: 1926

REVENUE: $150 million ▲

(2010: 140mn)

MARKETS SERVED
• Architectural coatings
• Industrial coatings
• Heavy duty coatings
• Traffic coatings
KEY EXECUTIVES
Drew Vogel, president and CEO;
Doug Vogel, vice president, deco-
rative; Mark Vogel, vice president,
industrial.

76JSC Russian Coatings Yaroslavl, Russia www.ruskraski.ru

PRIVATE COMPANY YEAR ESTABLISHED: 1838 REVENUE: $146 million ▲ (2010: 140mn)

MARKETS SERVED
• Architectural coatings
• Automotive OEM coatings
• Industrial coatings
• Automotive refinishes
• Powder coatings
KEY EXECUTIVES
Abramov Valeriy, CEO; Savelyev Philipp,
director of economics; Kolomichev Mix-
hail, technical director; Segment man-
agers: Yakovlev Nicolay, decorative and
building materials; Klassen Vladislav, au-
tomotive OEM; Lomakin Vyatcheslav, car
refinish; Abramian Grigory, industrial ma-
terials; Kotov Sergey, powder materials.

Diamond Vogel Paints is a family-owned, Midwestern- based paint manufacturer and retailer headquartered in Orange City, IA. The company operates seven manufacturing facilities an over 80 service center outlets. The company is a provider of liquid and powder coatings for industrial OEM applications, architectural paints for commercial and homeowner applications, and heavy-duty protective coatings for industrial maintenance applications. During 2011, Sciessent, creator of naturally occurring silver-based antimicrobial brand Agion partnered with Diamond Vogel to offer the Peridium Powder Coatings line. Agion technology inhibits the growth and propagation of bacteria on the surface of a product, adding an important layer of product protection to equipment and furnishings coated with the Peridium powder coating line.

During 2011 Russian Coatings experienced positive growth and recorded sales of $146 million. After 2009, Russian Coatings has been progressively increasing its volumes of production and sales. In 2011, the sales volume growth amounted to 13. 8 percent while production increased by 6. 5 percent in tonnage. The decorative and construction business managed to reach seven percent growth due to the company’s increase of the water-based materials. In 2011, the decorative and construction business, Yaroslavskie Kraski Association, signed an agreement with DuPont on the right to use the Teflon trademark in the Russian Federation. As a result of this agreement, Russian Coatings used the Teflon surface protector technology to create and launch Brite Hausweiss acrylic paints.