On 10 December, 2019, Jotun celebrated a ground-breaking ceremony for a new factory at the Hiep Phuoc Industrial Park, outside of
Ho Chi Minh City in Vietnam. The new, automated factory will have the capacity to produce about 85 million litres of paints and coatings
and 4 000 tonnes of powder coatings annually. The factory is scheduled to open in August 2021.
Contents
ENVIRONMENTAL COMMITMENT … 52
Jotun GreenSteps … 54
Green Building Solutions … 56
BREEAM Nor … 58
JOTUN AND SOCIETY … 60
Global commitment … 62
Local commitment … 63
Responsible purchasing … 64
Anti-corruption … 66
FINANCIAL PERFORMANCE … 68
Chairman of the Board … 70
Financial statements … 71
Executive summary of the … 71
financial statement for 2019 … 76
COMPANY OVERVIEW … 78
Board of Directors and Corporate Assembly … 80
INTRODUCTION … 02
Group key figures … 03
At a glance … 04
Four segments … 05
Regional highlights … 06
OUR BUSINESS … 08
Statement from the President & CEO … 10
Marine Coatings … 12
Protective Coatings … 16
Powder Coatings … 20
Decorative Paints … 24
CUSTOMERS AND INNOVATION … 28
Premium innovations … 30
Jotun R&D … 32
Dealer network … 34
CORPORATE RESPONSIBILITY (CR)
AND GOVERNANCE … 36
Business ethics … 38
EMPLOYEES AND THE WORKPLACE … 40
HR review … 42
Mobility … 44
Competence … 46
HSEQ … 48