Jotun (company) - Ownership Outside Norway

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.

Read more about this topic:  Jotun (company)

Famous quotes containing the words ownership and/or norway:

    They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.
    —Federal Writers’ Project Of The Wor, U.S. public relief program (1935-1943)

    Write about winter in the summer. Describe Norway as Ibsen did, from a desk in Italy; describe Dublin as James Joyce did, from a desk in Paris. Willa Cather wrote her prairie novels in New York City; Mark Twain wrote Huckleberry Finn in Hartford, Connecticut. Recently, scholars learned that Walt Whitman rarely left his room.
    Annie Dillard (b. 1945)