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Our annual report profiling the top paint, coatings, adhesives and sealants companies in the world.
August 9, 2005
By: KERRY PIANOFORTE
Editor, Coatings World
The Big Get Bigger in a Year of Ups and Downs Welcome to Coatings World’s 2001 Top Companies Report, our annual profile of the leading paint, coatings, adhesives and sealants companies in the world. This year’s report profiles 52 coatings companies with annual sales of more than $100 million, plus a handful of firms to keep an eye on as they grow their operations in this competitive market. As a number of you can attest, 2000 was an up-and-down year for many of the firms listed here. Some companies reported declining sales, others saw their sales rise. A main trend, of course, is that the big keep getting bigger-14 companies topped the billion dollar mark in this year’s report. Furthermore, consolidation that spread like wildfire through the industry has-for the time being-slowed as more companies look to identify core businesses and sound strategies. Our ranking is based on annual sales of paint, coatings, adhesives and sealants. For companies based outside the U.S., sales are translated into U.S. dollars using the company’s year-end closing date.
Christine Canning Esposito Jenn Hess
1 Akzo Nobel Coatings (Netherlands) $5.15 billion 2 PPG Industries (USA) $4.66 billion 3 ICI plc (UK) $4.36 billion 4 Sherwin-Williams (USA) $4.31 billion 5 DuPont Performance Coatings (USA) $3.49 billion 6 Henkel KGaA (Germany) $2.78 billion 7 BASF Coatings (Germany) $2.07 billion 8 RPM, Inc. (USA) $1.95 billion 9 Nippon Paint (Japan) $1.58 billion 10 SigmaKalon (Netherlands) $1.54 billion 11 Valspar Corporation (USA) $1.48 billion 12 Kansai Paint (Japan) $1.46 billion 13 H.B. Fuller (USA) $1.35 billion 14 Rohm and Haas (USA) $1.2 billion 15 Ferro (USA) $878.5 million 16 Benjamin Moore (USA) $820 million 17 Dai Nippon Toryo (Japan) $736.9 million 18 3M Company (USA) $649 million 19 Masco Corp. (USA) $630 million 20 Jotun (Norway) $613.5 million 21 Sika Finanz Ag (Switzerland) $603.4 million 22 Ab. Wilh. Becker (Sweden) $572 million 23 Hempel’s Marine Paints (Denmark) $486.2 million 24 Kumgang Korea Chemical Co. (So. Korea) $483 million 25 Dainippon Ink and Chemicals (Japan) $350 million
26 Orica Consumer Products (Australia) $348 million 27 Professional Paint (USA) $340 million 28 Renner Herrmann S/A (Brazil) $335.9 million 29 Duron, Inc. (USA) $332 million 30 Yasar Paint Group (Turkey) $328.2 million 31 Tikkurila Oy (Finland) $325 million 32 Wattyl Limited (Australia) $323.4 million 33 Kelly-Moore Paint Co. (USA) $320 million 34 Asian Paints (India) $296.5 million 35 Dunn-Edwards Corp. (USA) $273 million 36 Barloworld Coatings (South Africa) $258.5 million 37 Chugoku Marine Paints (Japan) $236 million 38 S. Dyrup & Co. A/S (Denmark) $207.2 million 39 Rock Paint Co. (Japan) $191.5 million 40 Ameron Corp. (USA) $186.8 million 41 M.A.B. Paints (USA) $178 million 42 Shinto Paint Co. (Japan) $170.1 million 43 DPI Co. Ltd. (South Korea) $163.7 million 44 Tohpe Corp. (Japan) $152.7 million 45 True Value Manufacturing (USA) $149 million 46 Sico, Inc. (Canada) $138.2 million 47 CIN (Portugal) $138 million 48 Lord Corp. (USA) $130 million 49 Vogel Paint, Inc. (USA) $125 million 50 Tambour Ltd. (Israel) $124.5 million 51 Ace Hardware (USA) $114 million 52 Tigerwerk (Austria) $105.8 million
Alphabetical Guide: Ace 51, Akzo Nobel 1, Ameron 40, Asian Paints 34, Barloworld 36, BASF 7, Becker 22, Benjamin Moore 16, BonaKemi*, Chugoku 37, CIN 47, Corimon*, Dai Nippon Toryo 17, Dainippon Ink & Chemicals 25, DPI 43, Dunn-Edwards 35, Dupont 5, Duron 29, Dyrup 38, Ferro 15, H.B. Fuller 13, Hempel 23, Henkel 6, ICI 3, Jotun 20, Kansai 12, Kumgang Korea Chemical (KCC) 24, Kelly-Moore 33, Lord 48, M.A.B. Paints 41, Masco 19, Nippon Paint 9, Orica 26, PACHIN*, PPG 2, Professional Paint 27, Red Spot*, Renner Herrmann 28, Rock Paint 39, Rohm and Haas 14, RPM 8, Sherwin-Williams 4, Shinto Paint 42, Sico 46, SigmaKalon 10, Sika Finanz 21, Tambour 50, 3M 18, Tigerwerk 52, Tikkurila 31, Tnemec*, Tohpe 44, True Value Manufacturing 45, Valspar 11, Vogel Paint 49, Wattyl 32, Yasar 30. *Company to Watch
Output of Leading State Paint Producers in China
(Percentage of total output-2000) 1. Shanghai Coating Co. Ltd. 2.67 2. Beijing Red Lion Coating Company 2.35 3. Chongqing Sanxia/Three Gorges Paint Co. Ltd. 1.87 4. Tianjin Dengta Coatings Co. Lyd (Tianjin Beacon) 1.64 5. Guangzhou Paint Plant 1.43% 6. Wuhan Twin Tiger Coatings Co. Ltd. 1.07 7. Shijiazhuang Jinyu Coating Materals Co (Goldfish) .90 8. Hangzhou Paint Factory 0.85 9. Jinhua Paint Factory (Huanqiu Paint) 0.85 10. Northwest (Xibei) Paint Plant 0.83 Source: Information Research Limited (IRL) www.informationresearch.co.uk
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