EAST EUROPE AND CENTRAL ASIA
• All segments ended the year with profitable
growth, increasing sales by 25 per cent.
• Jotun secured many prestigious Single Source
Solution projects, including the Istanbul
International Financial Centre and the Haliç Port
project.
• Jotun Powder Coatings achieved record sales
and profitability due to the increased number of
customers and high market penetration through
Jotun’s dealer network.
• Jotun Turkey completed the digital launch of a
Corporate Responsibility (CR) programme to create
a forest of 15 000 native plants and raise awareness
about climate change.
• Jotun Romania secured a contract to supply
protective coatings to the “Braila”, the longest
suspension bridge in Balkans.
MEIA SEAP
13 11
Factories Factories
MIDDLE EAST, INDIA AND AFRICA
• Launched Jotashield Carbo, a product with unique
anti-carbonation properties, developed and tested
for car parks.
• Secured contract to supply decorative, protective
and flooring products to the airport terminal in
Kuwait.
• Signed contract to supply Jotun’s premium
tank coating, Tankguard Flexline, for a 10 vessel
newbuilding project ordered by Bahri from a
Korean shipyard.
• Jotun recorded strong sales in ultra and premium
powder coatings products including Durasol,
Jotun’s premium powder coatings product for
building components, which saw sales increase by
70 per cent.
• Jotun launched Jotafloor PU Crete and Jotafloor
EPC 300 to support the company’s rapid growth in
the highly specialised flooring market.
NORTH EAST ASIA
• Positive development in North East Asia was
supported by sales growth, good cost control and
favourable raw material prices.
• In Marine Coatings, Jotun maintained its leading
market position due to the strong performance
in China and South Korea. In South Korea, Jotun
signed a Memorandum of Understanding with
Hyundai Heavy Industries shipyard and HMM (a
leading containership company) to implement Hull
Skating Solutions. In China, Jotun increased activity
in the drydocking market by 14 per cent.
• Jotun delivered a record year in Protective Coatings
thanks to developments in the Energy concept.
Jotun also secured its first-ever megaproject
from Sinopec, a leading Chinese petrochemicals
company.
• Jotun continued the positive development in the
premium decorative paints market by opening
more flagship Nordic shops and promoting the Lady
brand of paints across China.
• Jotun strengthened its position among its selected
customer portfolio, resulting in substantial
improvements in the Powder Coatings segment.
SOUTH EAST ASIA AND PACIFIC
• Jotun celebrated the successful launch of Essence
Easy Clean, a new interior product in the medium
category in Vietnam, Thailand, Malaysia, Singapore
and Indonesia.
• The construction of a new factory in Vietnam is on
budget and on schedule, recording zero injuries in
more than two million manhours of labour.
• In Indonesia and Thailand, Jotun implemented
a Transport Management System to improve
efficiency and reduce costs.
• Jotun became a major supplier for renewable wind
energy projects managed by Vestas and Nordex in
South East Asia.
• Jotun Myanmar secured an important Single Source
Solution contract for the iconic Yoma Central
Project, a mixed-use development in Yangon.
EECA
NEA
4
Factories
4
Factories
1991
Year of establishment
1983
Year of establishment
1962
Year of establishment
1968
Year of establishment
924
Employees
1 879
Employees
2 707
Employees
2 205
Employees
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Introduction
Jotun Annual Report 2020 I 7