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ECJ Top 20 - European leading paint
companies
Respectable figures.
The ECJ Top 20 lists the twenty leading paint and coatings
companies whose headquarters are in Europe. The rankings
are determined on the basis of sales of paints, coatings and
related products. There have been several changes since
last year.
The major European companies continue to perform
strongly, occupying the top 4 spots in the ECJ Top 20. In
fact, there are two heavyweights from the Netherlands in the
top four. It comes as no surprise that the Dutch producer
Akzo Nobel has defended the top spot. As in the previous
year, it is followed by ICI from the UK, BASF from Germany
and SigmaKalon, the Netherlands. Altana has leap-frogged
up the charts, partly due to the fact that it does not disclose
the figures of its coatings sector.
Most of the 20 leading companies increased their sales in
2004. Particularly noteworthy is the sales growth recorded
by the European group Materis Peintures, which generated
almost a quarter of sales in Italy, and a further quarter in
Spain and Portugal. A large proportion of the top 20
companies chalked up considerable successes in European
trade. One exception to this, however, is the Danish
company Dyrup. Following recently stagnating annual sales,
its sales actually declined slightly in 2004. For the first time,
the Slovenian company Helios jumped with rising sales
figures into the ECJ Top 20 list.
Companies that exclusively produce adhesives, construction
chemicals or printing inks are omitted from the survey, as
well as manufacturers with headquarters outside Europe.
Some companies do not disclose the proportion of total
sales accounted for by paints and coatings. Their sales
figures are marked accordingly. Companies that are
level-pegging in terms of sales and hence occupy the same
position are listed in alphabetical order.
Miriam von Bardeleben
1. Akzo Nobel
Coatings division, Arnhem, The Netherlands
Sales 2004: EUR 5,249 m.*)
Sales 2003: EUR 5,160 m.*)
Operating income 2004: EUR 421 m.
Operating income 2003: EUR 414 m.
Employees 2004: 62,000 (of which 29,000 are working for
the coatings group)
Hans Wijers, Chairman Board of Management and
responsible for the Coatings section.
www.akzonobel.com
*) including other activities
Leader in its markets, in Europe and the world
Akzo Nobel is the biggest paint company in the world,
having developed and supplied innovative coatings products
for more than 200 years.
The activities are divided into five businesses: Decorative
Coatings, Industrial Activities, Car Refinishes, Marine &
Protective Coatings, Nobilas Claims & Fleet Solutions. For
example, Akzo Nobel is the market leader in Europe in
coatings for decoration and protection of architectural
structures as well as in selected markets as for powder
coatings, automotive and its technology development.
The company produces and supplies paint and finishes for a
wide range of applications, such as industrial, transport and
marine markets, as well as the DIY and professional
decorating sectors. The brands include global and
household names such as "Crown", "International",
"Sikkens", "Interpon" and "Sadolin".
The Coatings Group commands leading market positions in
almost all its businesses and has earned a global reputation
for producing reliable top quality brands, unrivalled
technologies, first class service and flexible distribution
solutions.
Remaining
committed
to
environmental
responsibility is also a key feature of our activities.
With operational bases in 60 countries, Akzo Nobel's
Coatings businesses employ around 30,000 people.
Research and development plays a vital role, underlined by
the company's continued success in adding ground-breaking
products to its technology-driven portfolio of global brands.
2. ICI Paints
Slough, United Kingdom
Sales 2004: EUR 3,143 m.
Sales 2003: EUR 3,090 m.
Trading profit 2004: EUR 300 m.*
Trading profit 2003: EUR 290 m.
David Hamill, Chairman and CEO
Employees 2004: 15,610
www.icipaints.com
* estimated
Big Commonwealth Player
ICI Paints is a leading international paint business. It has
one of the widest geographic spreads of any international
paint business, concentrating on decorative paint and
coatings for food and beverage cans. It manufactures in 26
countries in Europe, North America, Latin America and Asia.
It is headquartered in Slough in the UK.
The decorative paint business has strong, well-established
brands such as 'Dulux', 'Glidden', 'Valentine', 'Coral', 'Alba'
and 'Color Your World'. The acquisition of the European
Home Improvement business of Williams Plc added further
strong brand names in Europe. The acquisition broadens
and strengthens ICI's decorative product range to include
wood care, metal care, adhesives and fillers. ICI Paints is
also a world-leader in sales of internal and external coatings
for food and beverage cans. ICI manufactures and
distributes a broad product offering of packaging coatings
and has leading market positions in both the mature markets
of Europe and North America and the emerging markets of
Asia and Latin America. The strategy of ICI Paints is to
maintain and develop branded, leading market positions in
the global paints and coatings business with a high market
share in the countries in which it competes. ICI Paints
benefits technologically from the colloid, polymer and
particle related science base and research carried out by
other parts of the ICI Group. ICI Paints' international spread
ensures it can maximise potential, enabling successful
products and services to be rolled out around the world.The
major manufacturing facilities are located in the USA, the
UK, Brazil, Argentina, Germany, the Netherlands, France,
China, India, and Malaysia. Additional manufacturing
facilities are located in 16 other countries.
3. BASF
Coatings division Münster, Germany
Sales 2004: EUR 2,022 m.
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Sales 2003: EUR 2,015 m.
Employees 2004: 2,400 in Germany ; about 9,000 worldwide
Jean-Pierre Monteny, CEO of BASF Coatings AG and
President of the BASF Group's Coatings Division
www.basf-coatings.com
Number One in Germany
BASF Coatings is an operating division of BASF - the
world's leading chemical company. The Coatings Division
develops, produces and markets a range of automotive
OEM coatings, automotive refinishes and industrial coatings
as well as decorative paints, and also the processes needed
to apply them. In this business, eco-efficient water-based,
powder and high-solids coatings as well as radiation-curable
systems play a special part.
BASF Coatings offers its customers a worldwide network
linking the core processes of production, sales, and R&D.
By manufacturing at over 20 major sites in total around the
world BASF Coatings is close to its customers in 95
countries. The company extended its presence on the
Chinese market and strengthened its coil coatings activities
in Shanghai.
4. SigmaKalon
Uithoorn, The Netherlands
Sales 2004: EUR 1,710 m.
Sales 2003: EUR 1,650 m.
Employees 2004: 10,000
Pierre-Marie de Leener, CEO
www.sigmakalon.com
Big in decorative coatings
SigmaKalon is a worldwide player in decorative, marine,
protective and industrial coatings. The company employs
around 10.000 people in more than 40 different coatings. In
its main business decorative coatings the Group has leading
positions in France, the UK, the Benelux, Poland, Hungary,
Czech Republic and Slovakia. SigmaKalon counts number
two in decorative coatings in Europe. Main business is the
supply of decorative coatings to both professional and DIY
painters, which represents 75 % of the group's turnover. The
remaining turnover is divided between marine and protective
coatings (15 %) and industrial coatings (10 %). In the trade
sector, paints are sold directly to professional painters via a
network of company owned outlets or via distributors. In the
retail sector, the Group supplies small independents and
large DIY multiples with branded or private label paint
ranges.
5. Altana Chemie
Wesel, Germany
Sales 2004: EUR 854 m.*
Sales 2003: EUR 755 m.*
Operating income 2004: EUR 78 m.*
Operating income 2003: EUR 65 m.*
Employees 2004: 4,300*
Dr. Matthias L. Wolfgruber, President & CEO Altana Chemie
AG
Dr. Guido Forstbach, Managing Director Altana Coatings &
Sealants GmbH
Dr. Christoph Schlünken, Managing Director of ECKART
GmbH & Co. K
www.altanachemie.com
(*) including other activities
Versatile specialist
Three out of four business units within Altana Chemie are
active in the field of paints, coatings and related products.
The relevant divisions are Electrical Insulation, Coatings &
Sealants and Effect Pigments, which is presented by the last
year acquisition of the pigment manufacturer Eckart.
The BU Electrical Insulation offers a range of liquid electrical
insulation systems (e.g., wire enamels, impregnating resins,
varnishes, compounds). Coatings & Sealants offers a range
of coatings and related products for packaging and industrial
applications (e.g. can coatings, coil coatings, overprint
varnishes, closure compounds, can sealants.) With Eckart
GmbH & Co. KG, Altana Chemie owns an leading
international manufacturer of metallic pigments.
6. DAW
Ober-Ramstadt, Germany "Caparol" (among others)
Sales 2004: EUR 780 m.*
Sales 2003: EUR 750 m.*
Employees 2004: 3,700*
Reinhold Heinzle, Chairman of the DAW executive board
Dr. Klaus Murjahn, Dr. Ralf Murjahn, Chairmen
www.caparol.com
* including other activities
Family-owned & independent
The "Caparol" Group of Companies is a family-owned
German company going back over 100 years. Being
amongst European market leaders for paints, enamels and
protective coating. The main office and headquarters of the
"Caparol" Group of Companies are located in
Ober-Ramstadt, near Frankfurt am Main. This Caparol
facility is deemed to be Europe's most modern place of
production for professional building paints. From the main
plant located here and averaged over a year, about 1.000
tonnes of paint per day are supplied. This is probably the
largest quantity of paint produced worldwide at a single
production location.
The "Caparol" Group developes, produces and distributes
high-quality paints, varnish, glaze, construction coatings,
materials for facades and insulating as well as artists paints.
The company is leading the market for construction paints in
Germany, Austria and Turkey and is the fourth biggest
company in this sector in Europe.
Apart from "Caparol", the brand names "Disbon", "Capatect"
and "Alpina" also belong to the company and, along with
paints and varnishes, the company also produces thermally
insulating composite systems, coatings for floors, for the
protection of concrete, for roof surfaces and systems for
water protection. DAW also serves markets abroad through
production companies in Austria, Italy, Sweden and France
as well as sales companies in Switzerland, Holland, Belgium
and almost all Eastern European countries, including Russia.
7. AB Wilh. Becker
Höganäs, Sweden
Sales 2004: EUR 744 m.
Sales 2003: EUR 691 m.
Operating income 2004: EUR 41 m.
Operating income 2003: EUR 30 m.
Net income 2004: EUR 23 m.
Net income 2003: EUR 11 m.
Employees 2004: 3,991
Ulf. G. Lindén, Chairman and CEO
Magnus Lindstam, Managing Director
Mike Henderson, Managing Director.
www.becker.se
Industry and artists materials
Becker is Europes leading manufacturer of industrial
coatings for metals and plastics, as well as products for
surface treatment of wood. It is wholly owned by
Lindéngruppen AB. The Parent Company, AB Wilh. Becker,
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has overall responsibility for accounting, finance and
information, while the business areas conduct their
operations with a considerable degree of autonomy. The
operation is becoming increasingly international. The Group
has more than 30 production facilities in 15 countries, and
markets its products all over the world. The most rapid
growth is in Eastern Europe and Asia. Operations are
divided into business areas, each of which is a profit centre.
Becker Industrial Coatings (BIC) is the European market
leader in Coil Coatings, which are used to precoat steel and
aluminium for subsequent forming, without damage to the
finish. BIC is also a major supplier of Special Coatings specialised industrial finishing systems for metals and
plastics.
Becker Powder Coatings, (BPC), produces and markets
powder coatings for metal. BPC is a innovative powder
supplier,
developing
a
world-wide
group
of
customer-focused powder businesses.
Becker Acroma is the largest company in Europe in
lacquers, paints and stains for the wood working industry.
Operations encompass all countries in Europe and North
America through our own companies and production
resources. In the Asia-Pacific region, products are
distributed to selected markets via sales and service
companies. Production facilities are under construction in
China.
Becker ColArt is the world market leader in the production
and distribution of artists' colours. It owns three out of the six
largest and most famous brands of artists' colours in the
world. In recent years, ColArt has expanded its production
beyond its traditional base in UK and France and now has
eight factories worldwide, of which two are in China and one
in Japan, in addition to those in UK (four) and France (one).
8. Jotun
Sandefjord, Norway
Sales 2004: EUR 717 m.
Sales 2003: EUR 673 m.
Operating income 2004: EUR 8.6 m.
Operating income 2003: EUR 10.6 m.
Employees 2004: 4,589
Morten Fon, CEO, Odd Gleditsch d.y., Chairman
www.jotun.com
Marine and protection
The Jotun Group is one of the world's major manufacturers
of paints, coatings and powder coatings. It's a global group
with 61 companies and 36 production facilities on five
continents. To meet the ever-growing demand for its
products, new factories are being built in China and
Indonesia.
The division Jotun Coatings is responsible for developing,
manufacturing, marketing and selling coating systems for
the marine market (Jotun Marine Coatings), industry (Jotun
Protective Coating) world wide. Jotun Paints is responsible
for decorative paints outside Scandinavia.
The division Jotun Dekorativ counts Norway, Sweden,
Denmark and Iceland as its market. Comprising two
companies Jotun Dekorativ and Scanox the division aims to
be a leading supplier of decorative coatings in Scandinavia
by focusing on brands and strengthening of its business.
The division maintained its market position in Norway, and
also made a breakthrough in Denmark and Sweden.
Jotun Powder Coatings is developing, producing and
marketing thermosetting powder coatings for cost efficient
decoration and protection of mass-produced articles.
9. Sto
Stühlingen, Germany
Sales 2004: EUR 682 m.*
Sales 2003: EUR 655 m.*
EBITDA 2004: EUR 56.7 m.*
EBITDA 2003: EUR 47.7 m.*
Employees 2004: 3,813*
Jochen Stotmeister, Chairman of the Board of Directors
www.sto.com
* including other activities
Facades and more
The Sto Group is one of the major manufacturers of building
façade products. Sto's core product line includes high-grade
plasters and paints. Business of Sto is separated in 4
segments: colour and material concepts for individual
buildings, ensembles, entire housing estates, interiors or
production plants.
10. Hempel
Lyngby, Denmark
Sales 2004: EUR 584 m.
Sales 2003: EUR 536 m.
Employees 2004: 3,410
Pierre Yves Jullien, CEO
Claus Colliander, Chairman
www.hempel.com
Paint record
The Hempel Group is a leader in the production and sales of
paints and coatings within the marine, container, yacht,
decorative and protective market segments. Hempel has
altogether 18 factories, 47 sales offices, three research and
development centres, and more than 130 stock points
strategically located around the world. In 2004 the company
sold a record 214 Mio. litres of paint.
Hempel protects by developing and producing some of the
best paints and coatings, and by making sure they are
applied in the right way to the right surfaces. More than 500
coating advisers from Hempel work alongside customers,
from initial surface inspection until the final coat is dry.
11. Materis Peintures
Clichy, France
Sales 2004: EUR 465 m.
Employees 2004: 2,500
Rene Riu, President
www.lafarge-peintures.fr
Big in France and Italy
Materis Peintures, formerly known as Lafarge Speciality
Materials, used to belong to the French Lafarge Group.
Today, it is part of the Materis Group, whose majority
shareholder, since 2003, is the investment company LBO
France. Materis Peintures specialises in decorative paints.
Apart from in its domestic market, it is active via a number of
subsidiaries in Italy, Spain, Benelux and Germany. In
particular, it is one of the leading suppliers of architectural
paints for the Southern European market.
12 Tikkurila
Vantaa, Finland, Paint business of Kemira, Helsinki, Finland
Sales 2004: EUR 440 m.
Sales 2003: EUR 440 m.
Operating income 2004: EUR 38 m.
Operating income 2003: EUR 30 m.
Employees 2002: 2,300
Visa Pekkarinen, President
www.tikkurila.com
Supplier from the North East
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Tikkurila, which is responsible for Kemira's paints and
coatings business, is the leading paint company in
North-eastern Europe with production in seven countries
and a sales organisation of its own in six more countries.
The main business areas include decorative paints,
industrial wood finishes and paints for the metal industry.
In decorative paints, the company has leading local brands:
"Tikkurila" in Finland and Russia, "Alcro" and "Beckers" in
Sweden, "Vivacolor" in the Baltic countries and "Polifarb
Debica" in Poland. In industrial coatings, "Tikkurila Coatings"
is well-known.
The company's core competencies include the marketing of
branded products and use of tinting systems for marketing
paints. The first-rate quality of products and services is
ensured by extremely capable staff, strong R&D, highly
automated production technology and efficient logistics.
Tikkurila's strategy is based on selected product categories decorative paints and selected industrial coatings - and on
growth, both organically and by acquisition. The strongest
growth is expected in Eastern Europe, where paint markets
are expanding to keep pace with the rising standard of
living. The company strengthens its market position in the
Eastern European paints and coatings business through the
acquisition of OOO KRASKI TEKS paints company in
Russia.
13. Brillux
Münster, Germany
Sales 2004: EUR 350 m.*
Employees 2004: 2,300*
Management: Peter König, Franz Wilhelm König, Dr. Julius
Schröder, Michael Thompson
www.brillux.de
* estimation
High presence in Germany
Brillux is a family company which is over 100 years old, and
is one of Germany's success stories in direct sales. The
products are sold direct to users through 130 outlets. The
company has production sites in Germany (at Münster,
Herford, Unna and Malsch, which is part of Karlsruhe) and a
goods distribution centre.
Their range of complementary products, made up of more
than 12000 items, will fit the bill for almost any tradesman
working in the areas of painting, varnishing and textured
stucco work.
14. Dyrup
Sonborg, Denmark
Sales 2004: EUR 225 m.
Sales 2003: EUR 232 m.
Operating profit 2004: EUR 13 m.
Operating profit 2003: EUR 19 m.
Employees 2004: 1,100
Hanne Lund, President and CEO
www.dyrup.com
Wood care from Denmark
Dyrup concentrates mainly on the application areas indoor
and outdoor colour and indoor and outdoor care, withing
which the company offers concepts and solutions as well as
a broad programme of paint and wood care products.
Dyrups business concept is "to supply solutions within
decorative paints and wood care that maintain, protect and
beautify homes and buildings". The company distributes its
products and services through nine subsidiaries in Europe
and through selected distributors in and outside Europe, and
also has a few licence agreements.
Principal sales channels are the DIY retail trade, the
professional trade, and industrial customers. DIY accounts
for about 45% of Dyrup's revenue, the professional trade for
about 40% and industrial customers for about 15%. Sales of
wood care and other solutions for outdoor use account for
approx. 70% of consolidated revenue. Dyrup A/S operates
as an independent company owned by the Danish holding
company Monberg & Thorsen A/S.
15. J. W. Ostendorf
Coesfeld, Germany
Sales 2004: EUR 200 m.*
Employees 2004: 800*
Management Executive Board: Dr. Karl Kuhlmann, Heinz
Rothues, Michael Ostendorf, J.W. Ostendorf
www.jwo.com
* estimation
Custom made brands
This philosophy of German manufacturer Ostendorf is to
develop brands for distributors and manage them
innovatively together with the distributors. At the heart of this
is the do-it-yourself customer served by the large
commercial outlets in Germany and elsewhere in Europe.
This Strategy has proved very successful in recent years for
Ostendorf, a middle-sized private company. Brands from
distributors always find bette racceptance in the DIY sector
than conventional branded products from the latest supplier.
According to Ostendorf, this concept has many advantages:
"Brands from distributors secure good margins by offering
attractive yields, and when competition is aggressive this
can be crucial. A trade brand introduced across a
distributor's entire territority increases the company's market
value and the value of its marks, and so makes it more
competitive."
16. Meffert
Bad Kreuznach, Germany
Sales 2004: EUR 200 m.*
Sales 2003: EUR 195 m.
Employees 2004: 810*
Klaus Meffert, Chairman of the Board
www.meffert.com
* estimation
For Pro's and DIY-Fans
Both professionals and DIY enthusiasts make up the main
buyers supplied by Meffert AG. Meffert's Professional Line
covers 8 different brands and there are 3 more DIY-brands.
The wide-ranging product portfolio is tailored to applications
in the architectural sector. Production is in 8 factories, of
which 1 is in Romania, 1 in Ukraine and 1 in Moscow. Apart
from the headquarters in Bad Kreuznach, there are
distribution centers in France, Poland, the Czech Republic
and Hungary. Sales offices are in Russia, Ukraine, Latvia
and China, too.
17. Yasar
Izmir, Turkey
Sales 2004: EUR 200 m.*
Employees 2004: 2,000*
Selcuk Yasar, Chairman of the Board
www.dyo.com.tr/eng/
* estimation
Paints from the South East
The Yasar Paint Group tradition stretches back to 1927,
when Dumus Yasar opened his first paint store in Izmir,
Turkey. Today, with its six member companies, the group is,
by a wide margin, the largest paint producer in the rankings
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of Turkey's 500 largest companies. The Group is composed
of six companies and generating exports to 40 countries.
The Yasar Paint Group is a manufacturing giant that
produces 950 different products. With annual production of
more than 135,000 tons paint and 10.000 tons plasters, the
Yasar Paint Group is Turkish market leader.
18. Teknos
Helsinki, Finland
Sales 2004: EUR 193 m.
Sales 2003: EUR 188 m.
Operating profit 2004: EUR 13.5 m.
Operating profit 2003: EUR 6.2 m.
Employees 2004: 888
Raimo Anjala, Managing Director of the parent company
Teknos Group;
Martti Kiikka, Chairman/CEO
www.teknos-group.com
metal and wood coatings, car refinishing coatings, road
marking paints and powder coatings. With 40 % sales by
quantity (24 % by value) in 2004, the decorative coatings
segment has the biggest share of all the Helios businesses.
Helios Domzale has grown a lot in recent years by
acquisitions of several competitors. The company has
subsidiaries in many countries such as Italy, the Czech
Republic, Poland, Croatia, Serbia and Montenegro,
Macedonia and Russia.
Regarding the regional sales by quantity, Helios sold 32 %
of its products to EU countries. 23 % of the sales by quantity
stayed in Helios' home market Slovenia. The company
forecasts sales figures of EUR 230 m. in 2005.
Scandinavia's leader of industrial coatings
Teknos is one of Scandinavia's leading suppliers of
industrial coatings and a major participant in the retail and
architectural paint markets. Group companies operate in
Scandinavia, Germany, the United Kingdom, Ireland, and
Poland, and through a well-established network of agents
and representatives in about twenty other European
countries. Teknos employs around 950 staff, with over 150
working in research and development. Group turnover is
close to EUR 200 million. Teknos strength's lie in its strong
technical know-how, supported by sustained investment in
R&D, and a desire to become the preferred Paint Partner of
all of its Customers. The company is one of the largest
family businesses in Finland.
19. CIN
Maia, Portugal
Sales 2004: EUR 176 m.
Sales 2003: EUR 173 m.
Net income 2004: EUR 10.6 m.
Employees 2004: 1,164
João M. Serrenho, CEO and Managing Director
António M. Serrenho,Chairman
www.cin.pt
Portugal & Spain
Since 1995, CIN has been the market leader in the Iberian
peninsula. The most important product areas are in
architectural paints, industrial coatings, automotive refinish
and anti-corrosive coatings with products like solvent and
water based paints, enamels, varnishes, primers and
undercoats.
20. Helios Domzale d.d.
Domzale, Slovenia
Sales 2004: EUR 169 m.
Sales 2003: EUR 130 m.
Operating income 2004: EUR 13 m.
Operating income 2003: EUR 11 m.
Net income 2004: EUR 14 m.
Net income 2003: EUR 13 m.
Employees 2004: 1,713
Uros Slavinec, president of Management Board
www.helios.si
Market leader in Slovenia grows with paints and
coatings
The paints and coatings company Helios Domzale, based in
Domzale, Slovenia, is active in different business fields.
Apart from decorative coatings, the company also produces
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