Orkla Associates
This heading covers three companies in which Orkla owns an interest of around 40 per cent each. They are run as associates, i.e. they are autonomous and have independent boards of directors on which Orkla is represented alongside other shareholders.
The Renewable Energy Corporation (REC) was established in 1996. The company operates at all levels of the value chain, from the production of raw materials to solar cells and modules. In a short space of time, the company has become one of the world leaders in the field of solar energy. REC has approximately 1,250 employees working at production plants in four countries on three continents. The company is growing strongly. www.recgroup.com
Jotun is Norway’s leading manufacturer of paints and powder coatings. The Group is one of the leading companies in many of its areas, both in Europe and globally. In 2006 Jotun posted operating revenues of NOK 7.8 billion. On a global basis, Jotun has 5,300 employees and 40 production plants on all continents. www.jotun.com
Last modified: 30.06.2008