Jotun Powder Coatings is a leading supplier of powder coatings to companies active in industries related to appliances, furniture, building components, pipelines and general industries.
To grow in the Powder Coatings segment, Jotun is producing and marketing innovative products that not only offer superior protection in different finishes, but help customers achieve their business and environmental objectives.
Jotun finished the year with positive results in the Powder Coatings segment, led by double-digit sales growth in the U.A.E., China, India, Russia and Vietnam. However, the company experienced a contraction in Saudi Arabia, where a slowdown in construction projects and increased competition in rebar and pipeline projects depressed sales. Growth in Western Europe and Scandinavia has been flat due to sluggish economic conditions in these regions. In Turkey, currency effects coupled with intense competitive pressure eroded profits derived from otherwise strong volume growth.