Automotive and Aerospace Coatings

  • Revenue was up 2 percent on 2012, driven by price/mix and volumes, partially offset by adverse currencies
  • Volumes in the vehicle refinishes market showed recovery in the US and Canada. Latin America and China continued to grow, while demand in Western Europe remained weak
  • Strong customer demand was experienced in the consumer electronics and aerospace markets, driven by continued innovation and technology leadership
  • We merged our Automotive Plastics and Specialty Finishes businesses to bring synergies and better customer focus to the transportation segment. This completed the integration of the former Schramm business and resulted in the closure of four production sites
  • Sikkens Autowave 2.0 was launched in the vehicle refinish segment, a low VOC waterborne basecoat with best-in-class color and application performance
  • We are on track to complete the construction of a new production facility for vehicle refinishes, automotive plastics and aerospace coatings in Changzhou, China. Due to start up in the second half of 2014, the new site near Shanghai will serve the growing market in China with locally manufactured products

Some of our customers

  • Boeing
  • Etihad Airways
  • Hyundai
  • General Motors
  • Toyota
  • Volkswagen
  • Fiat
  • Airbus
  • Geely
  • ABS Auto Herstel
  • HP
  • Amazon
  • Samsung
  • Dell

Top raw materials

  • Pigments
  • Acrylic resins
  • Acrylic dispersions

Key cost drivers

  • Metals, base chemicals prices
  • Oil, energy prices

Revenue in € millions

Performance Coatings Automotive and Aerospace – Revenue in € millions (bar chart)

Geo-mix revenue by destination in %

Performance Coatings Automotive and Aerospace – Geo-mix revenue by destination in % (pie chart)

Key brands

Performance Coatings Automotive and Aerospace – Key brands (logos)