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To say 2009 was a tough year for the paint and coatings industry doesn’t even begin to put into perspective the hardship felt throughout the supply chain.
July 14, 2010
By: Tim Wright
Editor-in-Chief, Contract Pharma
Spurred by the global recession, revenue plunged across the board in the double-digit ranges.From the leading multinationals to smaller regional players, no paint firm was immune. Twenty- to thirty-year industry veterens told me the sales drops were unprecedented, the likes of which they had never seen before and hope to never see again. As we go to press we’re well into the new year and business is much healthier. Looking at the Top Companies for fiscal 2009, not much has changed in terms of who the key players are. Rohm and Haas is gone, its powder business now in the hands of AkzoNobel; Wattyl will be appearing for the last time, its acquisition by Valspar recently announced; and it’s likely that this report could be Freeworld Coatings’ curtain call as well. Top Companies Report 1. AkzoNobel (The Netherlands) $12.154 billion 2. PPG (USA) $9.115 billion 3. Henkel (Germany) $8.680 billion 4. Sherwin-Williams (USA) $5.824 billion 5. DuPont (USA) $3.4 billion 6. RPM (USA) $3.368 billion 7. BASF (Germany) $2.976 billion 8. Valspar (USA) $2.640 billion 9. Kansai Paint (Japan) $2.397 billion 10. Nippon Paint (Japan) $2.334 billion 11. Sika (Switzerland) $2.110 billion 12. Jotun (Norway) $2.050 billion 13. 3M (USA) $2.0 billion 14. Masco (USA) $1.56 billion 15. DAW (Germany) $1.255 billion 16. HB Fuller (USA) $1.234 billion 17. Comex (Mexico) $1.2 billion 18. Hempel (Denmark) $1.152 billion 19. Beckers (Sweden) $1.075 billion 20. Asian Paints (India) $1.059 billion 21. Shawcor (Canada) $940 million 22. Chugoku Marine Paints (Japan) $936 million 23. Dai Nippon Toryo (Japan) $743 million 24. Tikkurila (Finland) $740 million 25. Benjamin Moore (USA) $650 million 26. Brillux (Germany) $625 million 27. Orica (Australia) $555 million 28. Forbo (Switzerland) $524 million 29. Arch (USA) $379 million 30. Helios (Slovenia) $371 million 31. Berger Paints (India) $355 million 32. Fujikura Kasei (Japan) $350 million 33. National Paints (Jordan) $328 million 34. Freeworld Coatings (South Africa) $326 million 35. Wattyl (Australia) $302 million 36. JW Ostendorf (Germany) $300 million 37. CIN Group (Portugal) $298 million 38. Flugger Group (Denmark) $267 million 39. Dyrup (Denmark) $261 million 40. Teknos Group (Finland) $259 million 41. Kelly-Moore (USA) $250 million 42. Rock Paint (Japan) $237 million 43. Industrias Titan (Spain) $215 million 44. KCC (South Korea) $212 million 45. Shinto Paint (Japan) $211 million 46. Dunn-Edwards (USA) $210 million 47. TOA Group (Thailand) $205 million 48. Yung Chi (Taiwan) $200 million 49. Boero Group (Italy) $185 million 50. FLH Group (Switzerland) $180 million 51. Boysen (Phillipines) $175 million 52. Grebe Group (Germany) $170 million 53. Yasar (Turkey) $155 milion 54. Tohpe Corp. (Japan) $154 million 55. Tambour (Israel) $150 million 56. ICA Group (Italy) $145 million 57. Inver SpA (Italy) $140 million 58. Diamond Vogel (USA) $135 million 59. Empils (Russia) $ 130 million 60. Cloverdale Paint (Canada) $120 million
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