Marine and Protective Coatings

- Improved our profitability levels – despite higher raw material costs – through portfolio simplification, a keen focus on selling prices and cost savings
- Slowdown in new build activity in the marine sector continued, despite a recovery in contracts for some vessel types
- Positive trends and increasing market activity indicate a return of opportunities in oil and gas, albeit slowly
- Completed the construction of a new €12 million complex in Felling, UK, which will offer world-leading testing and laboratory facilities when it opens in 2019
- A major highlight was the Volvo Ocean Race. Every boat in the race was protected with our products, bringing us closer to our customers and providing a global stage to showcase the performance of our key brands
- Our Awlgrip Quick Build range – launched in North America and Europe – is driving significant productivity benefits for boat builders. It also won the Innovation award for Boat Care and Maintenance at the 2018 International Boatbuilders’ Exhibition and Conference (IBEX)
- Extended our long-standing relationship with shipping giant Nakilat, agreeing to the continued supply of Intersleek 1100SR biocide-free foul release coating to their fleet
- Continued our focus on sustainable shipping by launching new products to help customers meet increased VOC regulations in China. Also continued our partnership with The Ocean Cleanup
- Our technology leadership in passive fire protection continues. Chartek 2218 has been used to protect oil and gas assets located in harsh Arctic conditions
- Interchar 3120 was launched to deliver epoxy fire protection with a step-change in aesthetics for the infrastructure market
- Introduced several new concrete protection and repair products to International’s Intercrete range, through the integration of the Flexcrete Technologies Ltd business acquired in 2017
Some of our customers
- Bechtel
- Brunswick
- ExxonMobil
- Feadship
- Florakis
- GE
- Hapag Lloyd
- Hyundai Heavy Industries
- Lürssen
- Pinmar
- Rio Tinto
- Sandvik
- Shell
- Siemens
- Teekey
Revenue
in € millions
Key brands
Geo-mix revenue by destination
in %
VOC
Volatile organic compounds.