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Orkla Associates consists primarily of the investments in the Renewable Energy Corporation ASA (REC) (39.73 % stake) and Jotun AS (42.5 % stake).
REC and Jotun are presented in Orkla's financial statements according to the equity method, and Orkla's share of profit after tax is shown on the line for profit from associates. The figures provided below are on a 100 % basis and based on the respective companies' own external reports. |
About REC
REC is a major actor in the solar energy industry. The business includes all parts of the value chain, from production of raw material to fi nished solar cells and modules. As a global actor, REC mainly serves markets in Europe, the US and Asia. The company has about 2,350 employees.
REC business activities are organised in the three divisions REC Silicon, REC Wafer and REC Solar.
Read more at: www.recgroup.com
About Jotun
Jotun is one of the world´s largest manu facturers of paints and powder coatings. The Group has 71 companies and 40 production facilities on all continents. In addition Jotun has agents, branch offi ces and distributors in more than 70 countries. The Group has a total of 7,100 employees. Jotun’s operations cover development, production, marketing and sale of paint systems and products designed to protect and decorate surfaces in the residential, shipping and industrial markets.
The Jotun Group comprises four divisions: Jotun Dekorativ, Jotun Coatings, Jotun Paints and Jotun Powder Coatings.
Read more at: www.jotun.com