Jotun (company)

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Jotun Group
TypePrivate
IndustryChemicals
Founded1926
HeadquartersSandefjord, Norway
Key peopleMorten Fon (President and CEO), Odd Gleditsch d.y. (Chairman of the board)
ProductsPaint
Employees8.296 (2010)
Websitewww.jotun.com
 
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Jotun Group
TypePrivate
IndustryChemicals
Founded1926
HeadquartersSandefjord, Norway
Key peopleMorten Fon (President and CEO), Odd Gleditsch d.y. (Chairman of the board)
ProductsPaint
Employees8.296 (2010)
Websitewww.jotun.com

Jotun A/S is a Norway's leading producer of paints, coatings and powder coatings. It owns 74 companies in 43 different countries and has 38 production facilities in 22 countries.

Contents

Timeline

History

The origins of Jotun can be traced back to a paint distributor's shop, opened by Odd Gleditsch in 1920. It was a good time for the whaling industry, and Gleditsch soon worked his way into the business of supplier to the whaling fleets in Sandefjord, Tønsberg, and Larvik.

As sales to the whaling fleet increased, Gleditsch saw the potential in manufacturing the paint as a solo trader. At Gimle, outside Sandefjord, there was an oil mill (Gimle Oljemølle A/S) which was closed due to bankruptcy – an oil mill which produced antifoulings and marine paints sold through the Gleditsch paint shop.

On 12 March 1926, Gleditsch invited shareholders to subscribe to the new company. With a share capital of NOK 60,000, Jotun Kemiske Fabrik A/S was founded, and bought the plant of Gimle Oljemølle A/S, with Odd Gleditsch as managing director. The production plant was modernised and product quality improved, all of which lead to increased sales.

Expansion: Alf Bjercke A/S

Head office in Oslo, a factory for unsaturated polyester outside Oslo, and factories in Sweden and Ethiopia. Alf Bjercke A/S was the oldest company participating in the merger. Their production went back to the 1880s - and the company's main production was paint for domestic and industrial use as well as unsaturated polyester.

Fleischers Kjemiske Fabrikker A/S

Located in Bergen, and was established in 1923. In addition to the Bergen factory, Fleischer had a production plant for alkyds as well as one for clear varnishes at Manger outside Bergen. Fleischers Kjemiske Fabrikker A/S was particularly known for their paints for exterior timber as well as paint systems for the fishing fleet.

A/S De-No-Fa Lilleborg Fabrikker

The activities in the business areas paint, varnish and synthetic resins were separated from their other business areas and merged with three other companies. De-No-Fa Lilleborg had traditions in the paint business as far back as 1830, when the company started production of linseed oil. The company had a production plant for paint and synthetic resins in Fredrikstad, where they manufactured house paints, marine coatings and synthetic resins as well as a large unit producing unsaturated polyester.

A/S Jotun Odd Gleditsch

This was the youngest company of the four - but the largest at the time of the merger. The basis for Jotun's rapid growth was mainly the sales of marine coatings to the Norwegian merchant fleet, and at the time of the merge 50% of Jotun's production was marine coatings, which were sold all over the world. A/S Jotun Odd Gleditsch had their production plant and head office in Sandefjord, and subsidiaries and associated companies for production in Libya, Spain, Thailand, Malaysia, and the United Kingdom.

Organization

The Jotun Group has four divisions, with its head office in Sandefjord[3], Norway.

In addition, Jotun has agents, branch offices and distributors in more than 80 countries.

Jotun Dekorativ is responsible for decorative paints, stains and varnish deliveries to the trade and do it yourself, (DIY) markets in Scandinavia. This division comprises the decorative operations of Jotun A/S, Jotun Danmark A/S, Jotun Sverige AB and Scanox AS.

Jotun Paints has responsibility for decorative paints for all markets outside Scandinavia. The responsibility includes marine and protective coatings for markets in the Middle East and Southeast Asia.

Jotun Coatings has global responsibility for marine and protective coatings. The responsibility includes decorative paints in local markets in Europe and selected markets in Asia. Jotun is No. 2 in the world in marine coatings and No. 4 in protective coatings.

Jotun Powder Coatings has global responsibility for powder coatings. The product portfolio caters to the architectural, functional and industrial market segments to protect metal surfaces from corrosion and add style to their aesthetic appearance. Jotun is the world's fourth largest supplier of powder coatings for the industrial surface treatment.

Ownership outside Norway

1976: Jotun opens a paint factory in Singapore. Jotun had already been represented for some years through a sales company in the country, which had gradually built up an extensive ship repair business.

1980s: The 1980s were an exciting time for the company, characterised not only by expansion and innovation, but also by situations that called for tough decisions. Jotun had picked itself up again after the fire and went flat out to make a name for itself in the international market. 1983 alone brought the opening of three new paint factories: Jotun Saudia Co Ltd, Jotun (Malaysia) Sdn Bhd, El-Mohandes Jotun SAE in Egypt. Baltimore Copper Paint Co Ltd was closed in 1984. Corro-Coat Sdn Bhd (Malaysia) was set up. Jotun Paints LLC in Oman was formed.

1985: Jotun Powder Coatings Ltd is set up in the UK. Jotun Toz Boya (powder coatings) in Turkey was also taken over. A new marine coatings factory in Flixborough in the UK came online.

1988: A sales subsidiary of marine coatings, Chokwang Jotun, was established in South Korea. (Chokwang is one of the largest paint producer in South Korea and it entered into a technical partnership with Jotun in 1982)


1993: Corro-Coat Saudi Arabia was set up. Jotun Brignola, a marine coatings factory in Italy, was established. Jotun Ocean Paint Co Ltd in China was formed through the acquisition of a 51% stake in a factory run by the Chinese state shipping company Cosco. Regional laboratories were set up in Dubai (for the Middle East) and Kuala Lumpur (for South-East Asia).


1995: Corro-Coat (CZ) in the Czech Republic opened. Jotun acquired a 25% stake in the Finnish marine coatings factory Nor-Maali OY. The paint factory Jotun Abu Dhabi (LLC) was established.

Australia

1990: In Australia it purchased paint manufacturer Denso Dimet.

Canada

1999: Jotun acquired Valspar's marine operation in the United States and Canada.

Great Britain

1970: Jotun acquires UK company Henry Clark & Sons Ltd. This was an extremely important part of the company's strategy to become an international player in the marine coatings market. British shipping companies were extremely traditional, and it had proved difficult to break into the UK market.

Indonesia

1996: P T Jotun Indonesia opened and was the first company to manufacture both liquid and powder coatings.

Libya

In 1962 the company[citation needed] established a paint factory in Libya. This was Jotun's first overseas plant. Libya was chosen at the suggestion of the Norwegian Export Council because oil had been found there in 1959.

Odd Gleditsch junior was in the Jotun management, and on his initiative Libyan Norwegian Industrial Company - Linoco - was established.

Jotun's shareholding in Linoco was gradually reduced over time and eventually ceased in the mid-1980s.

Malaysia

2011: Jotun spent RM160 million on the production facility for its ultra-modern plant in Nilai, Negeri Sembilan.The plant, the largest in Asia-Pacific, will produce solvent-based advanced protective coatings, marine paints as well as high-performance anti-fouling paints and tinters for markets in South-East Asia.

Saudi-Arabia

1990: Red Sea Paint and binder factory Ratinjat in [[Saudi

South Africa

1997: It established Jotun Paints South Africa (Pty) Ltd.

Spain

1990: Torné-Jotun in Spain came about through the purchase of Industrial Torné;

2000: A new paint factory opened in Spain.

South Korea

1992: A marine coatings factory of Chokwang Jotun(South Korea) was established

1999: A regional laboratory for marine coatings was set up in South Korea.

Thailand

1968: A new paint factory opens in Thailand.

1978: Corro-Coat Thailand becomes Jotun's first powder coatings company outside Norway.

In 1999, a new paint and powder coatings factory opened in Thailand and was Jotun's single largest investment to date.

Turkey

1991: the paint factory Jotun Boya San ve Tic was established in Turkey.

UAE

1975: Jotun UAE in Dubai is founded.

1977: Vera UAE in Dubai, a factory for the production of glass fibre-reinforced polyester pipelines, opens.

1990: Corro-Coat UAE was founded in Dubai

United States

1974: Jotun acquired Baltimore Copper Paint Co, a US marine coatings factory.

1999: Jotun acquired Valspar's marine operation in the United States.

2000: Jotun acquired the marine coatings company PRS Inc in the United States.

Vietnam

Jotun owns[citation needed] a paint factory in Vietnam.

Suspected corruption

In 2012 a mainetenance manager of the company was indicted together with several subcontractors, in relation to suspicion of corruption within Norway.[4]

Logo history

Jotun was named after the Jotuns, a kind of giant featured in Norse mythology, and the Jotunheimen mountain range. The original logo was a hammer that Jotuns had stolen from Thor, the god of thunder. During the 1930s, this was replaced by a giant carrying Thor's hammer over his shoulder, as the hammer was now taken to be a political symbol of communism.

Later, it was decided that the giant looked too much like a troll and was for some time replaced by a reindeer in flight with the Jotunheimen mountains in the background. This logo was in turn replaced by a penguin, which suggested Gleditsch's history of whaling in the Antarctic.

The logo was updated in the 1970s to the current version by drawing a globe around the penguin to emphasize Jotun's global holdings.

References

External links