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.
1991
Year of establishment
924
Employees
EECA 4
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 new 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.
1962
Year of establishment
2 707
Employees
MEIA 13
Factories
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.
1983
Year of establishment
1 879
Employees
NEA 4
Factories
1968
Year of establishment
2 205
Employees
SEAP 11
Factories
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.
Introduction
Jotun Group Report 2020 I 7