Automotive and Aerospace Coatings
key developments 2014

  • Revenue was flat compared to 2013, as declines in volume and adverse currencies were offset by price/mix
  • Volumes in the vehicle refinishes market contracted in Europe, Latin America and South East Asia, while North America and China continued to grow
  • A state-of-the-art production facility for vehicle refinishes was opened in Changzhou, China, for our Sikkens, Lesonal and Prime products
  • Sikkens Autoclear 2.0 was launched in the vehicle refinish segment, featuring patented binder technology which doubles the percentage of renewable raw materials it uses
  • Strong customer demand was experienced in aerospace markets, driven by continued innovation and technology leadership
  • Our Aerospace coatings business received Boeing qualification for its Aerodur 3001/3002 Base Coat/Clear Coat system. We also received AMS 3095A qualification for 100 percent chrome-free paint systems for commercial fleet maintenance

Some of our customers

  • Airbus
  • Amazon
  • Boeing
  • Dell
  • Etihad Airways
  • Geely
  • General Motors
  • HP
  • Hyundai
  • Samsung
  • Toyota
  • Volkswagen

Top raw materials

  • Pigments
  • Acrylic resins
  • Acrylic dispersions

Key cost drivers

  • Metals, base chemicals prices
  • Oil, energy prices