Industrial and Powder Coatings
key developments 2015
- Revenue was up 4 percent, due to favorable currencies and price/mix development, which helped to offset lower volumes
- In Wood Coatings, we sustained growth in North America and Asia due to the strong housing and construction market and the growth of imports
- Our innovative waterborne wood finish Aquasilk was launched on to the furniture market in China, supporting the regulatory momentum in leading cities such as Beijing
- In Packaging Coatings, we are growing our volume in Europe and are well positioned to convert to BPA-free products globally
- In Powder Coatings, we saw strong regional growth in North America across all sectors
- We are in the process of building a large powder coatings production plant to support our growth ambitions in China
- Our presence in the Middle East and Africa is continuing to grow, with a new plant opened in Dubai
Some of our customers
- Arcelor Mittal
- Armstrong
- Ardagh
- Ball/Rexam
- Bluescope Steel
- Bosch
- Crown
- Ikea
- Lacquer Craft Furniture
- Masterbrand Cabinets, Inc.
- Mercedes-Benz
- Philips
- TATA
- Whirlpool
Top raw materials
- Polyester and epoxy resins
- Glycol, ether and aromatic solvents
- Titanium dioxide
- Latex resins
- Nitrocellulose
- Methanol, urea
- Butyl acetate, acetone and xylene solvents
Key cost drivers
- Basic feedstock prices
- Oil and natural gas prices
- Propylene and VAM
- Agrochemical feedstocks (urea)
- Cotton
Revenue in € millions
Geo-mix revenue by destination in %
Key brands
