Jotun is one of the world’s foremost manufacturers of paints and powder coatings. The Group has 74 companies and 40 production facilities, distributed across all of the world’s continents. Jotun also has agents, local offices and distributors in more than 80 countries and a total of 7,400 employees. Jotun’s operations include the development, production, marketing and sale of a range of paint systems, as well as products for the residential, shipping and industrial markets that are designed to protect and decorate surfaces.
The Jotun Group comprises four divisions: Jotun Dekorativ, Jotun Paints, Jotun Coatings and Jotun Powder Coatings. Each division has its own products, segments and geographical areas of responsibility.
Jotun achieved satisfactory results in 2009, although the results varied significantly from one geographical area to another and within each segment. The global economic downturn has gradually slowed the strong growth achieved by the Jotun Group in the past few years, but the Group’s performance remained strong in several key areas.
Some of the markets in which Jotun operates are relatively late-cyclical, and parts of the business are therefore expected to experience weaker growth in future. This applies, for instance, to products for the ship newbuilding sector and large real estate projects.
Jotun’s strategy is based on organic growth. In 2009, new production plants were opened in South Korea and Saudi Arabia. Jotun has decided to invest over NOK 500 million in a new factory in Sandefjord, and is also further developing its activities in North Africa. In view of the currently challenging global economy, Jotun attaches importance to maintaining a relatively high level of investment in order to secure future growth.
http://www.jotun.com/