Marine and Protective Coatings
key developments 2014

  • Revenue was up 2 percent due to higher volumes in all businesses
  • Protective Coatings’ strong project portfolio and outstanding technical support led to continued growth in the area of oil and gas and heavy duty coatings
  • Marine Coatings increased its business in the deep sea maintenance and repair market, offsetting the global decline in new build
  • We achieved significant sales for our next generation fouling control products and also received approval of carbon credits related to use of our Intersleek foul release coatings, providing a cash income for customers
  • Our premier yacht coatings brand AWLGRIP launched a new clear coat system, Awlwood, for exterior wood above the waterline
  • Our Nautical yacht coatings brand for do-it-yourself boat painters launched a new product range, including antifoulings, finishes and primers
  • Two plants were consolidated into other facilities

Some of our customers

  • Brunswick
  • Carnival Cruise
  • ExxonMobil
  • Hapag Lloyd
  • Hyundai Heavy
  • Industries
  • Qatar Gas
  • Shell
  • West Marine

Top raw materials

  • Epoxy resins and
  • organic solvents
  • Copper/zinc
  • Curing agents

Key cost drivers

  • Oil feedstock chain
  • Metals, base chemicals prices