Marine and Protective Coatings
key developments 2015

  • Revenue was up 11 percent, driven by favorable price/mix, a recovery of the marine new construction market in China and favorable exchange rates
  • Marine Coatings delivered strong growth in the new build market, despite challenging market conditions
  • We were awarded 223,000 carbon credits from the Gold Standard as part of our award-winning program related to sales of our Intersleek foul release coatings
  • Intertrac Vision was launched, the industry’s first consultancy tool to provide ship operators with predictions on the fuel and CO2 savings potential of fouling control coatings
  • In Protective Coatings, we expanded our position in the area of power generation
  • We launched a new high temperature resistant coating for the protection of subsea equipment
  • We also introduced, under the Intertherm brand, a water-based insulation system which protects workers from burns

Some of our customers

  • APM Maersk
  • Bechtel
  • Brunswick
  • ExxonMobil
  • GE
  • Hapag Lloyd
  • Hyundai Heavy
  • Industries
  • Rio Tinto
  • Sandvik
  • Shell
  • Siemens

Top raw materials

  • Epoxy resins and
  • organic solvents
  • Copper/zinc
  • Curing agents

Key cost drivers

  • Oil feedstock chain
  • Metals, base chemical prices