EECA
EAST EUROPE AND
CENTRAL ASIA
• Despite market challenges, Jotun EECA
achieved a significant growth rate and
increased sales by 15 per cent
• Jotun EECA increased the size of its powder
coatings container boxes to lower costs,
reduce waste and its carbon footprint
• Jotun Russia achieved high sales growth,
driven by a 30 per cent sales increase in
Protective segment and winning important
contracts to supply a number of oil and gas
projects
• Jotun kept its leading position in the project
market and secured the Ataturk Cultural
Center and Galataport projects in Turkey
• Jotun Romania secured a contract with Damen
Shipyard to provide marine coatings for the
world’s largest diamond mining ship
1991 853 4
MEIA
MIDDLE EAST,
INDIA AND AFRICA
• First phase of construction completed on new
factory in the city of 10th Ramadan, Egypt
• Jotun secured water pipeline projects in Saudi
Arabia and North Africa, valued at USD 12
million
• Jotun celebrated the regional launch
(decorative paints) of Wonderwall Life and
Fenomastic Zero
• Jotun won approval to set up local production
outside Addis Ababa, Ethiopia
• Jotun secured a four-year maintenance
contract for Abu Dhabi National Oil Company
(ADNOC) in Abu Dhabi
1962 2813 14
NEA NORTH EAST ASIA
• All four segments have had a solid
performance in 2019 with good growth and
high profitability
• In Marine Coatings, Jotun maintained its
leading market position, with 29 per cent sales
growth mainly due to increased newbuilding
activity at South Korean shipyards and
improved profitability in China
• Jotun achieved record high sales in Protective
Coatings, with a double-digit growth rate and
excellent profitability in both China and South
Korea
• In China, Decorative Paints achieved the key
milestone of breakeven on the bottom line,
through a focused strategy in the premium
retail market
• Improved results in Powder Coatings based
on customer portfolio changes with good
momentum towards the end of the year
1983 1943 4
SEAP
SOUTH EAST ASIA
AND PACIFIC
• Successful launch of Majestic True Beauty
across the SEAP Region, with events in
Malaysia and Indonesia that attracted over
1 000 customers
• Jotun secured a contract to supply coatings
for a Floating, Production, Storage, and
Offloading (FPSO) vessel, which will be
deployed at the Johan Castberg field in the
North Sea
• Jotun supplied paints and powder coatings to
several prestigious projects in SEAP, including
the Thamrin Nine-Tower 1, the tallest tower
building in Indonesia
• Jotun secured first phase of the Vincity project,
the largest housing project in Vietnam. When
completed, the multi-tower development will
have 250 000 apartments
• Jotun Cambodia was the preferred supplier to
the historic, award winning Raffles Le Royale,
one of the most prestigious hotels in the
region
1968 2254 11
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INTRODUCTION
8