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