2007 top companies report.

1 AKZO NOBEL

SALES: $7.8 billion

HQ: ARNHEM, THE NETHERLANDS

PHONE: [phone]

WEB SITE: WWW.AKZONOBEL.COM

KEY PERSONNEL: G.J. Hans Wijers, chairman and CEO. General managers: Rinus Rooseboom, car refinishes; Jan Andersson, decorative coatings international; Leif Abildgaard, decorative coatings Europe; Robert Torba, industrial finishes; Bill McPherson, marine and protective coatings; and Rob Molenaar, powder coatings.

Major Products: Decorative paint; products for industrial applications including powder and specialty coatings; car refinishes; marine, protective and aerospace coatings; and coatings relatted products such as wood and building adhesives.

New Products: Next generation of marine coating Intersleek; the Duraflex non-stick powder coating for cookware; and an ultra-fast drying automotive topcoat from Sikkens called Autoclear UV.

2006 Acquisitions: Sico Inc. (the largest coatings company in Canada), the Flood Company in the U.S., Balakom in the Czech Republic and the Ukraine's Khimrezerv.

** Sales rose 12% to $7.8 billion in 2006 for Akzo Nobel. The decorative coatings business unit accounted for 36% of sales while the industrial activities unit represented 31%, the marine and protective coatings unit 18%, and car refinishes the remaining 15%.

A key growth driver in 2006 for Akzo Nobel was its strength in Asian markets such as China, Korea and Vietnam. The company opened two new plants in China, for powder and decorative coatings.

Akzo Nobel became the number one decorative coatings player in Canada through the acquisition of Sico Inc., and the company also established itself among the top-three players in the U.S. woodcare market with the purchase of the Flood Group. The company also strengthed its presence in emerging markets--where more than a third of its coatings revenues are generated--by acquiring leading Czech coatings company Balakom and the Ukraine's Khimrezerv.

According to the company, its wood, coil, powder and protective coatings businesses all grew well in Western Europe and car refinishes made a successful turnaround. In addition, the company's specialty plastics operation was dynamic growth engine with its coatings for Apple's sought-after products and mobile phones from Nokia, Motorola and Sony Ericsson.

2 HENKEL

SALES: $6.921 billion

HQ: DUSSELDORF GERMANY

PHONE: [phone]

WEB SITE: WWW.HENKEL.COM

KEY PERSONNEL: Ulrich Lenner, chairman of the management board of Henke KGaA: Alois Linder, executive vice president, consumer and craftsmen adhesives, and Jochen Krautter, executive vice president Henke Technologies

Major Products: Adhesives and sealant technologies sold in the industrial, professional and DIY markets.

New Products: Ceresit CM90 Easy Flex PLUS Tile Adhesive; Pattex PL 700 Assembly Adhesives; Pritt Pen Roller; Loctite Super Glue Brush-on; Ceresit F158 Special Glazing Sealant for self-cleaning glass; Thomsit XXL Floor Leveling Compound; Pattex No More Nails Assembly Adhesive Tape; Terostat Direct Glazing Adhesives; Loctite 3876; P3-Neutracare 3000 series; Liofol Smart Cure PUR Adhesive; Macromelt 6800 series; and Sanicare HM4450.

2006 Acquisitions: Alba Adhesivos in Brazil and the Cimsec brand marketed in Austria and Hungary.

** Sales of the consumer and craftsmen adhesives business sector rose by 13.5% to roughly $2.5 billion. The main growth driver was Eastern Europe, according to the company. Henkel's businesses in Latin America, Asia and the Middle East also performed above average while growth in Western Europe, on the other hand, was restrained. In North America, performance was influenced by declining levels of activity in housing construction.

The Henkel technologies business sector increased sales by 8.2% to roughly $4.4 billion. Double-digit sales growth rates were recorded for the Eastern Europe, Latin America and Asia-Pacific regions. In addition, good growth was achieved in Western Europe and North America.

The consumer and craftsmen adhesives business sector further expanded its building adhesives business in Europe through the acquisition of ICI Paints Europe's Cimsec brand marketed in Austria and Hungary, and the establishment of a joint venture in Kazakhstan. The company also acquired Alba Adhesivos, the market leader for craftsmen adhesives in the Brazilian market, with annual sales of approximately $40 million.

3 ICI

SALES: $6.387 billion

HQ: SLOUGH, UK (ICI PAINTS) BRIDGEWATER, NJ (NATIONAL STARCH)

PHONE: [phone] (ICI PAINTS) 908-685-5000 (NATIONAL STARCH)

WEB SITE:: WWW.ICI.COM ** WWW.NATIONALSTARCH.COM

KEY PERSONNEL: David Hamill, director of ICI and chief executive of ICI Paints, and William Powell, director of ICI and chief executive of National Starch.

Major Products: Decorative paint and coatings (ICI Paints) and adhesives (National Starch).

** ICI Group manufactures primarily decorative paint and coatings under its ICI Paints business unit and adhesives under National Starch's adhesives division. Both units combined to generate $6.387 billion for the group in 2006.

ICI's focus on emerging markets continues to deliver good results with sales from the ICI Paints and National Starch businesses in developing countries in Asia growing over 14%. Both National Starch and ICI Paints opened a new manufacturing center in China for resins and other polymers.

ICI Paints' growth in developing markets, particularly Asia, Eastern Europe and Latin America, was supported by a number of investments, including the completion of a second paint manufacturing plant in Vietnam.

During the year, ICI sold its Cimsec business, part of ICI Paints Europe, to Henkel. The company said it sold the tile adhesives and grouts business, which has annual sales of approximately $25 million, in order to focus on its decorative paint brands in Central and Eastern Europe.

In North America, business was adversely affected by a downturn in the housing market, which resulted in modest overall profit improvement in 2006 for ICI Paints, the company said.

National Starch made a number of investments in innovation and growth during 2006. A new customer application and process simulation center was opened in March at the adhesives site in Kleve, Germany. The state-of-the-art facility houses more than 20 R&D and technical service specialists focused on adhesive technologies for the pressure sensitive, woodworking and building components markets.

National starch also opened its expanded adhesives, synthetic polymers and electronic materials manufacturing facilities at its Salisbury, North Carolina, U.S. plant.

4 SHERWIN-WILLIAMS

SALES: $6.348 billion *

HQ: CLEVELAND, OH USA

PHONE: [phone]

WEB SITE: WWW.SHERWIN.COM

KEY PERSONNEL: Christopher M. Connor, Chairman and CEO; Sean P. Hennessy, senior vice president, finance and CFO; and Conway G. Ivy, senior vice president, corporate planning and development; John G. Morikis, president; paint store segment; Thomas W. Seitz, president and general manager; consumer segment; Blair P. LaCour, president and general manager, automotive finishes segment; and Alexander Zalesky, president and general manager, international coatings.

Major Products: Architectural and decorative paint, stains and varnishes, wood finishing products, caulks, adhesives, automotive finishes and industrial and marine coatings.

New Products: ProGreen 200; ArmorSeal 1K Waterborne Urethane; Fast Clad ER; Minwax Hardwood Floor Reviver; Pratt & Lambert Porcelain Interior Wall Finish; Krylon Camoflage Paint; Krylon Outdoor Spaces; Krylon Brights Fluorescent Pens; Dupli-Color Car Art Temporary Paint; Dupli-Color Shield; Dupli-Color Hot Tires; Sher-Kem High Gloss Metal Finishing Enamel; Polane Solar Refelective Enamel; Sher-Wood Hi-Bild PreCat Lacquer snd Sher-Wood Ultra-Cure Pigmented Waterborne UV for wood.

** Sherwin-Williams' coatings sales in 2006 topped $6.3 billion. (The company's ranking excludes estimated sales from non-paint items and other administrative items reported by the company.)

Net sales for the company's Paint Stores Group, which serves architectural paint customers and industrial maintenance and marine coatins users in North America, increased 11.3% to $4.84 billion in 2006. The company opened 120 new stores and closed three during the year.

Net sales for Sherwin-Williams' Consumer Group decreased 1.9% to $1.36 billion for the year as a result of sluggish sales to DIY customers and the elimination of a portion of a paint program with a large retail customer, the company said.

The Global Group increased net sales $153.7 million, or 10.7%, to $1.59 billion in 2006. In addition to well established operations in countries like Brazil, Argentina, Chile, Mexico and the UK, the company's presence in Southeast Asia continues to grow. The Global Group continued its aggressive program of new branch openings within and outside North America, adding 41 net new branches during the year.

5 PPG

SALES: $6.324 billion

HQ: PITTSBURGH, PA USA

PHONE: [phone]

WEB SITE: WWW.PPG.COM

KEY PERSONNEL: Charles E. Bunch, chairman and CEO; J. Rich Alexander senior vice president coatings; William A. Wulfsohn, senior vice president, coatings; Dennis Kovalsky, vice president, automotive coatings; Michael H. McGarry, vice president, coatings, Europe, and managing director, Europe; David R Morris, vice president, aerospace; Viktor R. Sekmakas, vice president, coatings, and managing director, Asia-Pacific; Scott B. Sinetar, vice president, architectural coatings, North America; Jorge A. Steyerthal, vice president, coatings, and managing director, Latin America; Marc P. Talman, vice president, packaging coatings

Major Products: Architectural/decorative paint, coatings and stains, automotive OEM and refinish coatings, industrial coatings, packaging coatings and aerospace coatings.

2006 Acquisitions: Ameron's performance coatings and finishes business; AWC Coatings; Dongju; Eldorado; IDI Sunpool; Panhandle Paint FL; Protec; and Spectra-Tone.

** PPG's coatings sales increased in 2006 to $6.324 billion from $5.566 billion in 2005. Its coatings activities are divided into two segments: industrial coatings (automotive OEM coatings, industrial coatings, packaging coatings) and performance and applied coatings (aerospace coatings, architectural coatings, automotive refinish).

Industrial coatings sales increased $315 million, or 11%, in 2006 to $3.236 billion. Performance and applied coatings sales increased $420 million, or 16%, to $3.088 billion.

In 2006, PPG focused on growing organically and through acquisition. It opened Alltech Engineered Finishes in the Hsiao Kang District of Kaohsiung, Taiwan. This newly constructed facility serves the fastener and small parts industry by applying PPG's electrocoat and dip-spin coatings. The plant coats parts for construction, industrial, electronics and auotmotive applications.

In McCarran, NV USA, PPG began constructing a 95,000-square foot architectural coatings manufacturing facility. Expected to begin production near the end of 2007, the plant will manufacture more than 15 million gallons of water-based latex paint per year at full capacity.

On the acquisition front, PPG acquired Ameron's performance coatings and finishes business, which manufacturs protective and marine coatings with production sites in the U.S., Europe, Australia and New Zealand; AWC Coatings, an architectural paint distributor with stores in the midwest and southwest U.S.; Claywood Beheer, an automotive refinish coatings distributor with a distribution center and stores in The Netherlands; Dongju, a South Korean manufacturer and distributor of automotive OEM, refinish, industrial and packaging coatings; Eldorado, a manufacturer of paint strippers and technical cleaners for the aerospace industry; IDI Sunpool, a Shanghai-based manufacturer and distributor of architectural coatings; Panhandle Paint FL, an architectural paint distributor with stores located near Panama City, FL USA; Protec, a manufacturer and distributor of automotive refinish, light industrial and high-performance coatings serving Australia and New Zealand; and Spectra-Tone, an architectural paint manufacturer with company-owned stores in the western U.S.

6 DUPONT

SALES: $4.095 billion

HQ: WILMINGTON DE PHONE: [phone] WEB SITE: WWW.PERFORMANCECOATINGS.DUPONT.COM

KEY PERSONNEL: Charles O. Holliday Jr., chairman and CEO; Ellen J. Kullman, executive vice president; Thomas M. Connelly, Jr., executive vice president and chief innovation officer; Terry Caloghiris, group vice president, DuPont Coatings & Color Technologies; Marty M. McQuade, vice president/general manager, DuPont Automotive Systems; John G McCool, vice president/general manager, DuPont Refinish Systems; Ferdinand Bauerdick, vice president/general manager, DuPont Advanced Coatings Systems and DuPont Performance Coatings Europe

Major Products: Automotive OEM and refinish coatings and industrial finishes.

** DuPont Performance Coatings, which is part of the company's Coatings and Color Technologies platform recorded sales of $4.095 billion dollors in 2006, up from $3.78 billion in 2005.

The company continued to deliver breakthrough solutions for finishes in the automotive OEM industry. In October, Automotive News nominated the business' EcoConcept finishing system for a PACE (Premier Automotive Suppliers Contribution to Excellence) award. The system provides cost and environmental benefits by consolidating paint lines in car and light truck assembly plants.

China's economic boom has also provided DuPont with growth opportunities. In May the company broke ground on a coatings plant in Shanghai, set to open in late 2007. This plant brings the number of DuPont finishes-related investments in China to ten.

DuPont also formed a joint venture with Russian coatings manufacturer, Russkie Kraski Corp. The new company, DuPont Russian Coatings LLC, will supply local and international car makers in Russia, Belarus and Ukraine with coatings and technical support. Russkie Kraski is the Russian Federation's largest manufacturer of automotive coatings.

7 RPM INTERNATIONAL INC.

SALES: $3.0008 billion

HQ: MEDINA, OH USA

PHONE: [phone]

WEB SITE: WWW.RPMINC.COM

KEY PERSONNEL: Frank C. Sullivan, president and CEO; Ronald A. Rice executive vice president and COO; P. Kelly Tompkins, executive vice president and chief administrative officer; and Robert L. Matejka, vice president, CFO and controller; Key managers: John J. McLaughlin, DAP: Thomas E. Reed, Rust-Oleum; Charles G. Pauli, RPM II; Jeffrey L. Korach, Tremco; David P. Reif, StonCor.

Major Products: Industrial and consumer coatings and related products sold through a number of subsidiaries operating around the world.

New Products: DAP's ALEX Fast-Dry Caulk, Bondo's Laminex Lexzar Gel Coat for boat building and Rust-Oleum's Epoxy-Shield concrete coatings.

2006 Acquisitions: UK-based The Watco Group; India's Kemrock Industries (14.99% JV); Nu-Chem's fireproofing assets; Permaquik; UK-based The Dane Group's fluorescents business; and UK-based Tor Coatings.

** In 2006 RPM's industrial segment and consumer segment combined sales totaled $3.008 billion, up from $2.556 billion in 2005.

RPM made several acquisitions during the year. ill-bruck Sealant Systems, a $190 million manufacturer of high-performance sealants and installation systems that is based in Cologne, Germany, operates as part of RPM's Tremco organization. U.S.-based Tamms Industries, a $20 million manufacturer of high-performance restoration, protection and waterproofing products for various segments of the concrete industry was acquired by RPM's Euclid Chemical Company subsidiary. RPM's RustOleum subsidiary acquired the UK-based Watco Group, which manufactures and markets industrial coatings and is a leading supplire of concrete floor coatings in the UK. Three smaller acquisitions include A/D Fire Protection Systems, a Canadian manufacturer of specialty architectural fireproofing materials, was acquired by the Carboline subsidiary; Custom Building Products' ready-mix patch and repair product line acquired by RPM's DAP subsidiary; and the Vandex Group of companies, a Swiss company that provides specialty products for waterproofing, concrete protection and repair, which now operates as part of the RPM II Group.

8 VALSPAR

SALES: $2.978 billion

HQ: MINNEAPOLIS MN USA

PHONE: [phone]

WEB SITE: WWW.VALSPAB COM

KEY PERSONNEL: William L Mansfield, president and CEO: Steven L. Erdahl, executive VP-coatings; Paul C. Reyelts, executive VP: Rolf Engh, executive VP; Gary, E. Hendrickson. senior VP- architectura global WOOd coatings and federal Donald A Nolan. senior VP, global packaging and automotive: Kate Bass vice president-information technology and furniture solutions: Steve Person. vice president sales and marketing architectural group.

Major Products: Architectural, automotive refinish, wood, coil, general industrial and packaging.

2006 Acquisitions: Huarun Paints; H.B. Fuller's powder coatings business.

** With sales of nearly $3 billion, Valspar achieved growth of 9.7% in 2006. The paints segment, which includes the company's architectural and automotive refinish products, delivered Valspar's strongest growth in 2006 at 13.4%. The company partnered with its largest customer, Lowe's Companies, to transition Lowe's nationwide premium paint line to the Valspar brand. Valspar also broadened the reach of its automotive refinish product line including the Valspar Refinish, De Beer and House of Kolor brands, through launches in the UK, Australia and Thailand.

In the coatings segment, which consists of the wood, coil, general industrial and packaging product lines, sales grew by 7% over last year.

In July, Valspar acquired an 80% interest in Huarun Paints, a leading supplier of furniture, decorative wood and architectural coatings in China, from Champion Regal, a Hong Kong-based investment company. Huarun Paints achieved sales of approximately $180 million in 2005. Products are sold primarily through an extensive network of distributors and retail paint stores throughout China. Huarun provides Valspar with its first resin manufacturing plant in China.

In October, Valspar announced the acquisition of H.B. Fuller's powder coatings business, which represents its first powder manufacturing capacity in Europe. The powder coatings business had net sales of approximately $75 million in 2005 and serves customers in 26 countries from manufacturing facilities in the U.S. and the UK.

Additionally, the company agreed to enter into a joint venture with Tekno S.A. to supply coil coatings in Brazil.

9 BASF COATINGS

SALES: $2.935 billion

HQ: MUENSTER, GERMANY

PHONE: [phone]

WEB SITE: WWW.BASF-COATINGS:COM

KEY PERSONNEL: Jahn Raimer, CEO, BASF Coatings AG; Klaus-Peter Lobbe, member of the board of executive directors responsible for coatings globally; Rainer Blair, group VP, coatings, North America; Jacques Delmoitiez, group VP, automotive refinish/commercial transport coatings; Wolfgang Micklitz, director OEM coatings for Asia-Pacific; Peter Steiert, group VP- industrial coatings solutions/global strategy and regional business unit; and Rui Goerck, VP, coatings South America and head of Decorative Paint Solutions.

Major Products: Automotive OEM and refinish coatings, industrial coatings and decorative paint.

** Part of BASF's Performance Products segment, BASF Coatings reported net sales of $2.935 billion in 2006, up from $2.714 billion in 2005.

According to BASF's annual report, in the area of automotive OEM coatings, business grew in China, Eastern Europe and South America, whereas business in Japan, Western Europe and the U.S. declined. BASF also expanded its system supplier business, which enables its customers to reduce the overall costs of coating processes.

In automotive refinish coatings, BASF increased earnings in all regions. High demand in the commercial transport sector contributed to this, as did expansion of business with body shops of major automotive manufacturers.

Earnings in industrial coatings also surpassed those of the previous year, as growing coil-coating exports to Eastern Europe compensated for weaker business in Japan and North America (NAFTA).

In the architectural coatings business in South America, BASF improved earnings with its Suvinil brand.

BASF plans to focus on expanding its presence in the growth markets of Eastern Europe and Asia, particularly China and India.

Under its new slogan, "BASF Automotive Solution. Performance Passion Succes," BASF launched its "Integrated Process II" at the sixth CAR symposium in Bochum, Germany in 2006, expanding its innovations for the automotive industry. According to the company, using this new system can save materials and expenses in automotive OEM coating applications because the functions of the filler, or second coat, are performed by the basecoat, or third coat.

Also in 2006, BASF Coatings Services Poland signed an agreement with IBERIA Motor Company for the technical and commercial approval of Glasurit's products as well as services offered by BASF Coatings Services Company. The agreement regulates the cooperation in the field of usage and sales of Glasurit within the SEAT network in Poland.

As a result of the agreement, BASF Coatings Services obtained the opportunity to cooperate with all the dealers of SEAT and each bodyshop of this car make.

10 SIGMAKALON

SALES: $2.386 billion

HQ: UITHOORN, THE NETHERLANDS

PHONE: [phone]

WEB SITE: WWW.SIGMAKALON.COM

KEY PERSONNEL: Pierre-Marie De Leener, CEO SigmaKalon Kees van tier Kolk. director of research- P. Malmartel, CFO: Richard Burgin, general counsel; J. Wllemse genera manager; P. Thibaut, coatings marketing director; Ken Partington, Deco International; Jean-Marie Greindl, Deco France; Phil Evans, Deco UK & Ireland; J. Vos, Deco Northern Europe; D. Philips, marine and protective and R. Jacobs, industrial coatings.

Major Products: Decorative, marine, protective and industrial coatings.

New Products: Histor Highlights, Guittet Horus, Sigma S2U Allure, Freitag range.

2006 Acquisitions: Acquisition of stakes in two leading Slovakian distributors; 50/50 joint venture with Univer to create a leader in the Italian coatings market; acquisition of decorating centers in France; acquisition of B&K business in Germany; joint venture with Shanghai IVY to sell decorative coatings in the Chinese market; and the acquisition of majority stake in Variosseau, the Surinamese market leader.

** SigmaKalon, a worldwide player in decorative, marine, protective and industrial coatings, is present in 40 countries, with a focus on the European, Asian and African markets. The company reported 2006 sales of approximately $2.386 billion.

SigmaKalon and Univer signed an agreement to form a 50:50 joint venture company, to sell decorative and industrial coatings in the Italian market. The joint venture company is called SigmaKalonUniver S.p.A. Univer will contribute its existing coatings business to the joint venture company. SigmaKalon will contribute its existing Italian decorative coatings business. Univer has a manufacturing facility at Cavallirio in Northern Italy and sells decorative and industrial coatings. The Univer company has 62 employees and the Univer group has sales of approximately 25 million [euro]. SigmaKalon has decorative sales in Italy of approximately 14 million [euro] and operates under the Sigma Coatings brand.

In 2006 Sigma Kalon and Bollig & Kemper GmbH & Co. KG also reached an agreement for the acquisition by SigmaKalon of its coil coatings activities. With this acquisition, Sigma Kalon Business Unit Industrial Coatings intends to enforce its coil coatings activities in general and to enter the aluminium segment of the coil market. The contract includes the sale of products, technology and customer contracts of the Bollig & Kemper coil division. Turnover of that division in 2005 was approximately e18 million. Sigma Kalon also bought the technology of the coil coatings and the related resins.

Lastly, SigmaKalon opened a new R&D center in Kunshan, China to service SigmaKalon's marine and protective coatings business in northern Asia. Representing an investment of over $1 million on construction and equipment, the center employs 28 chemists. Its equipment is capable of reproducing the harshest conditions in marine and petrochemical environments, according to the company.

11 3M

SALES: $2.2 billion *

HQ: ST. PAUL, MN USA

PHONE: [phone]

WEB SITE: WWW.3M.COM

KEY PERSONNEL: George W. Buckley chairman/CEO/president; Frederick J. Palensky, EVP, R&D and chief technology officer; H.C. Shin, EVP, industrial and transportation; Jean Lobey; EVP, safety, security & protection services; Moe S. Nozari, EVP, consumer Office; Brad T. Sauer, EVP, health care; Michael A. Kelly, EVE display and graphics; Robert D. MacDonald, senior VP marketing and sales.

Major Products: Coatings, adhesives, sealants and related products used in diverse applications and markets.

** As one of the most diverse company's in this report, 3M manufacturers adhesives and sealants, and also produces an array of coatings, grouts and concrete sealing products spread across seven business units including the consumer and office business, the display and graphics business, the electro and communications business, the health care business, the industrial business, the safety, security and protection services business, and the transportation business. These units combined netted $22.9 billion in 2006. Coatings World estimates 3M's sales of coatings, adhesives and sealants at approximately $2.2 billion, up from $2 billion in 2005.

12 KANSAI PAINT

SALES: $1.795 billion

HQ: OSAKA, JAPAN

PHONE:: [phone]

WEB SITE: WWW.KANSAI.CO.JP

KEY PERSONNEL: Shoju Kobayashi, president; Toshinobu Otani, senior managing director; Managing directors: Yuzo Kawamori; Shinichi Hamamatsu; Kazuhiro Fjita; Akifumi Fujita; Koichi Imada; Osama Isozaki; and Yuzo Kawamori.

Major Products: Automotive OEM and refinish coatings, industrial coatings, decorative paint, marine and protective coatings.

2006 Acquisitions: Sime Coatings of Malaysia

** Sales of paint and coatings in 2006 for Kansai Paint were valued at $1.795 billion. Automotive OEM and refinish coatings make up 52% of Kansai's coatings activity. Industrial coatings account for 22%, decorative coatings another 21% while marine and protective coatings make up five percent.

As for new investments in 2006, Kansai Paint constructed a new plant in Changsha City to accomodate dramatically increasing automobile production in China, and Hunan Xiangiang Kansai Paint is now up and running. Kansai also completed construction of facilities and launched production for a new Goodlass Nerolac plant in Delhi, India, which targets the growth market. In addition, the company upped its investment ratio in the top Indian powder coating manufacturer, Polycoat Powders, Ltd., from 40% to 100%.

In the decorative coatings segment, Kansai Paint acquired Malaysian paint manufacturer Sime Coatings, to establish a new subsidiary company, Kansai Coatings Malaysia Sdn. Bhd. (Capital ratios stood at 45% for Kansai Paint and 55% for Goodlass Nerolac.)

On the whole, as a result of expanded production, particularly in the automotive coatings and industrial coatings segments, Kansai Paint reported positive overseas sales growth through its subsidiaries.

13 NIPPON PAINT

SALES: $1.732 billion *

HQ: OSAKA JAPAN

PHONE: [phone]

WEB SITE: WWW.NIPPONPAINT.CO.JP

KEY PERSONNEL: Hiroshi Fujii, representative director chairman; Teruyosn Fujishima, representative director president: and Shizuo Katsunaga, representative director, executive vice president.

Major Products: Automotive. protective, architectural, marine and industrial paint and coatings.

New Products: Scratch Guard Coat

2006 Acquisitions: Rohm and Haas automotive coatings

** During 2006, Nippon Paint acquired Rohm and Haas Company's automotive coatings business, and made plans to introduce NB Coatings, Inc. to serve North American customers.

Nippon Paint purchased the wholly-owned Rohm and Haas business in North America and Rohm and Haas' 50% share of the companies' joint ventures, Morton Nippon Coatings in North America and Nippon Bee Chemical in Japan. This purchase and introduction of NB Coatings unites the decade-long partnering organizations under one strategy to create a leading position in the North American plastic automotive coatings market.

Nippon Paint also partnered with Nissan Motor Co. and together developed the world's first clear paint that repairs scratches on painted car surfaces.

Scratch Guard Coat contains a newly developed high elastic resin that helps prevent scratches from affecting the inner layers of a car's painted surface. With Scratch Guard Coat a car's scratched surface will return to its original state anywhere from one day to a week, depending on temperature and the depth of the scratch, according to the company.

The water-repellent paint also has a higher resistance to scratches compared with conventional clear paints, the company also said. For example, a vehicle painted with Scratch Guard Coat will have only one-fifth the abrasions caused by a car washing machine compared with a car covered with conventional clear paint.

Scratch Guard Coat is effective for about three years and will be offered only in some Japan models of the X-Trail sport-utility vehicle, planned for sale soon; overseas plans are still undecided.

14 SIKA

SALES: $1.5 billion *

HQ: BAAR, SWITZERLAND

PHONE: [phone]

WEB SITE: WWW.SIKA.COM

KEY PERSONNEL: Ernst Bartschi, CEO; Markus Zenhausern, CFO; Alexander Bleibler, head of construction chemicals division; Jan Jenisch, head of industry division; Urs Mader; head of R&D; William E. Loven, regional manager North America; Marcel Smit, regional manager Asia/Pacific; Silvio Ponti, regional manager Europe North; and Joss Luis Vazquez, regional manager Europe South.

Major Products: Adhesives, sealants and related construction chemical products.

2006 Acquisitions: Huber + Suhner's Sucoflex unit

** With subsidiaries in 70 countries and 10,000 employees, Sika AG is a global force behind the manufacture of many types of sealing, bonding and other construction-related products, including adhesives and sealants as well as concrete admixtures, industrial flooring and mortars.

Compared to the previous year, Sika's construction division, which includes the bonding and sealing sectors, boosted net sales by 39.7%. As in the prior year Sika VisoCrete admixture technology, which minimize production complexities and costs for customers, drove much of the success.

Within the industry division, which includes Sika's automotive and automotive aftermarket adhesives business as well as the transportation industry business, sales were up by 15.4% over the previous year.

On the acquisition front, from Huber +Suhner, based in Switzerland, Sika acquired the Sucoflex unit, which manufactures and sells construction sealants, including sealing tapes for joints, facades and damp rooms, as well as high-quality roofing membranes.

From DuPont, Sika acquired its protective coatings business in Germany. This unit, a leader in special coatings that resist corrosion and protect buildings, develops, produces and sells highly-resistant Unitherm, Permacor, Epiter, Asplit and Betonol coatings for floors, concrete and steel.

Sika also took Proxan Dichtstoffe GmbH in Greiz, Thuringia. The company develops, produces and sells sealants made from polysulfide and two-component polyurethane for manufacturing insulated glass and sealing construction joints.

15 H.B. FULLER

SALES: $1.472 billion

HQ: ST. PAUL, MN USA

PHONE: [phone]

WEB SITE: WWW.HBFULLER.COM

KEY PERSONNEL: Michele Volpi, president and CEO; John Feenan SVP CFO; Hans Feix, president and CEO EFTEC North America LLC; Jose Miguel Fuster, group president, GM Latin America: Stephen J. Large, group president, GM Full-Valu/Specialty Group; Walter Nussbaumer, group president, GM Europe: Ed Snyder, VP and chief process improvement officer; and Michele Volpi, group president, GM global adhesives.

Major Products: Adhesives. sealants and coatings. New Products: SmartGrip Packaging Adhesives

2006 Acquisitions: Roanoke Companies Group and Henkel's insulating glass sealant business.

** H.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The company is managed through two operating segments Global Adhesives and Full-Valu/Specialty. Global Adhesives manufacturers adhesives for assembly, converting, nonwoven, footwear and automotive applications, and represents 69% of total sales. Full-Valu/Specialty services several markets including specialty construction, insulating glass, packaging solutions, paints ,and construction, craftsmen and DIY, and represents 31% of total sales. Together these segments posted sales of $1.472 billion in 2006, up 2.5% over the previous year.

During the year, H.B. Fuller acquired Roanoke Companies Group, Inc., a manufacturer of pre-mix grouts, mortars and other products designed to enhance the installation of flooring systems. They are focused particularly on the retail home improvement market segment whose brand portfolio includes Tile Perfect, CHAPCO, Color Caulk and AIM. Roanoke will become part of H.B. Fuller's Specialty Construction Brands, Inc. (SCB) business unit within the Full-Valu/Specialty Group.

H.B. Fuller also acquired Henke's insulating glass sealant business, which manufactures sealants for windows used in both residential and commercial construction. They have a strong market presence in Europe and an expanding presence in Asia. Through this acquisition, they will become part of H.B. Fuller's Window business, within the company's Full-Valu/Specialty segment.

In November, A1 Stroucken, H.B. Fuller's chairman, CEO and president, left the company after nine years at the helm. He was replaced by Michele Volpi, president and CEO.

16 COMEX GROUP

SALES: $1.4 billion

HQ: MEXICO CITY MEXICO

PHONE: [phone]

WEB SITE: WWW.THECOMEXGROUP.COM

KEY PERSONNEL: Marcos Achar. CEO of Comex: Leon Cohen president Mexico: Kent Child president. U.S. and Canada

Major Products: A wide range of coatings and related products, including architectural, automotive refinish and industrial formulations.

New Products: Envirokote (LEEDS certifide and Green Seal approved)

** Comex, the largest paint producer in Central and South America, has increased its investments in the U.S. over the past several years through the acquisition in 2004 of Professional Paint Inc. (PPI), with headquaters in Denver, CO. PPI's network of regional paint formulators sell under different brands in the U.S. including Color Wheel in Florida, Frazee in California, Kwal Paint in Colorado, Parker Paint in the U.S. Pacific Northwest and General Paint in Canada. Comex's industrial line of paint, coatings and building products complement PPI's residential and commercial paint lines.

In 2006, both companies were consolidated forming Comex Group. Both now report as one group, posting nets sales of $1.4 billion in 2006, up from $1.22 billion in 2005. Broken down, 75% of sales came from the architectural segment, 15% from industrial, 5% from OEM (excluding automotive) and 5% from auto refinish.

The company operates four plants in Mexico City, seven in the U.S. and two in Canada.

17 MASCO

SALES: $1.277 billion

HQ: TAYLOR, MI USA

PHONE: [phone]

WEB SITE: WWW.MASCO.COM

KEY PERSONNEL: Richard A. Manoogian, chairman of the board and CEO, Masco; Behr Process--Jeffrey D. Filley, president; Christopher E. Jones, vice president of manufacturing and engineering; Scott Richards, SVP, marketing. Vapor Technologies--Michael S. Walsh, Jr., president and CEO; Dan Hellman, marketing manager. Masterchem Industries--Stanley G. Korte president; Jim McDerby, director of operations; Jason Caldwell, plant manager; Sherry Nelms, purchasing; and Jeff Schutte, vice president of marketing.

Major Products: Architectural and decorative paints, coatings and stains.

** Masco's decorative architectural sector includes its paint and stains business, spearheaded by high-profile Behr Process Corp., Santa Ana, CA. According to Masco, net sales of architectural coatings, including paints and stains, comprised approximately 10% of the company's consolidated net sales ($12.778 billion) for 2006.

18 JOTUN

SALES: $1.249 billion

HQ: SANDEFJORD, NORWAY

PHONE: [phone]

WEB SITE: WWW.JOTUN.COM

KEY PERSONNEL: Odd Gleditsch dy, Jotun's chairman of the board of directors: Morten Fon. president and CEO: Bjorn Naglestad, group executive vice president, Jotun Dekorativ; Erik Aaberg, group executive vice president, Jotun Paints Esben Hersve group vice president, Jotun Coatings; Knut Oivind Malmin group executive vice president, Jotun Powder Coatings.

Major Products: Decorative paints and marine protective and powder coatings.

New Products: Hardtop XP

** The Jotun Group, which includes Jotun Dekorativ. Jotun Paints. Jotun Coatings and Jotun Powder Coatings business units, posted a record year in 2006 with sales of $1.249 billion. These units are focused on the manufacture and sale of decorative paint, marine coatings, protective coatings and powder coatings . The group is mainly present in Europe, which as a region represents 56% of its activity. The Far East accounts for 22%, the Middle East 16% and the rest of the world six percent.

During the year, Jotun opened a new paint manufacturing plant in Zhangjiagang outside Shanghai in China. The plant, which is one of the largest and most advanced paint production sites in China, is a $30 million investment for Jotun and was necessary in order to serve an increasing number of customers, according to the company.

Jotun paints and protects 20% of the world's merchant fleet, which means more than 10,000 vessels. China is one of the most important countries in the marine world market.

In China the Jotun Group now has two companies including Jotun COSCO Marine Coatings Co. Ltd. and Jotun Coatings Co. Ltd.

In addition to investing in the manufacturing plant, which has a production capacity of 70 million liters a year, Jotun will set up a new research and development facility in China.

In addition, during the next two years, Jotun Coatings will supply paint systems to Kashagan in the Caspian sea, the world's largest offshore oil field. Jotun's involvement in the project covers supply vessels, offshore barges, tank ships, pipe trenches and industrial buildings.

The first contract, worth $1.5 2 million is with Aker Kvaerner, a Norwegian supplier of engineering and construction services, which will design and build one of the platform decks. Jotun Coatings in Norway will supply all the coatings for this project.

At the same time, Jotun Italy secured a contract through Bonatti, one of the major contractors in Italy and Jotun Boya in Turkey will supply all the coatings for the construction of the North Caspian Consortium's onshore facilities in Kashagan. That contract is worth $10 million.

19 AB WILH. BECKER

SALES: $1.190 billion *

HQ: HOGANAES, SWEDEN

PHONE [phone]

WEB SITE: WWW.BECKER.SE

KEY PERSONNEL: Ulf G. Linden, chairman and CEO; Magnus Lindstam, managing director; Ralph Kabalo, key manager, Becket Industrial Coatings; Michael Henderson, key manager, ColArt; Aled Roberts, key manager, Becker Powder Coatings; and Kaj Brandt, key manager, Becker Acroma.

Major Products: Coil coatings, wood finishes, powder coatings and artists materials.

** Wholly-owned by Lindengruppen AB, AB Wilh. Becker has overall responsibility for accounting, finance and information, while each of its business areas--Becker Industrial Coatings (BIC), Becker Acroma and ColArt-conduct their operations with a considerable degree of autonomy. The group has more than 30 production facilities in 15 countries and markets its products worldwide.

AB Wilh. Becker reported another year of strong growth in 2006 with expanding sales in all markets. Sales rose to approximately $1.190 billion.

Beckers is one of Europe's leading manufacturers of industrial coatings for metal, plastics and wood. BIC forms the largest business area in AB Wilh. Becker. BIC is one of the leaders in the European market for coil coatings. BIC is also a major supplier of specialized industrial finishing systems for metals and plastics.

In 2006, BIC opened a new 5,500 square meter plant in Malaysia. In addition to serving the fast-growing Malaysian coil coatings market, the plant supplies plastic coatings for mobile phones and exports to the markets of Singapore, Thailand and Indonesia. BIC said it is also doing significant coil coatings business in Vietnam and is identifying a suitable site for future manufacturing facilities.

BIC, through Becker Powloki Przemyslow, also started construction on its new factory in Tarnow, in southern Poland. Becker Powloki Przemyslow was formed in 2000 to serve the Polish coil and special markets.

20 DAW

SALES: $1.130 billion

DEUTSCHE AMPHIBOLIN-WERKE VON ROBERT MURJAHN STIFTUNG & CO. KG

HQ: OBER-RAMSTADT, GERMANY

PHONE: [phone]

WEB SITE: WWW.CAPAROL.DE

KEY PERSONNEL: Klaus Murjahn, managing director, Caparol Group of companies. Other key personnel: Peter Merviglia, Reinhold Heinzle, Uwe Possin and Rainer Rencker.

Major Products: Facade paint, renders/plasters, interior paints, colorants, primers, alkyd resin range of enamels, acrylic enamels, decorative coatings and industrial coatings.

2006 Acquisitions: Alsecco, ETICS.

** DAW, founded in 1895, is the parent company of the Caparol Group, and carries out the central functions such as purchasing, production and finances. The marketing activities are subdivided into six strategic business units--the professional, DIY, wholesale, foreign countries, industrial, and decorating and artist's paints.

21 ROHM AND HAAS

SALES: $$1.055 billion

HQ: PHILADELPHIA, PA USA

PHONE: [phone]

WEB SITE: WWWROHMHAAS.COM

KEY PERSONNEL: Raj Gupta, chairman, president and CEO; Michael J. Carr, CFO, coatings business group; Alan Barton, VP and business group executive, coatings; Powder coatings officers: Mike G. Hamilton, VP; Xavier Susterac, GM Europe; Volkan Goren, sales and marketing director, the Americas; Scott Chen, GM Asia-Pacific; Powder coating marketing managers: Steve Kiefer, the Americas; Jim Ridge, Europe; Friendly Xu, Asia-Pacific; Powder coatings technical director: Doug Cinoman, global research and development director.

Major Products: Powder coatings, adhesives and sealants.

New Products: Architects Collection, Emotions Collection

** Rohm and Haas' powder coatings sales were $334 million in 2006, and its adhesives and sealants unit recorded sales of $723 million. (The company's coatings business also includes raw materials for use in architectural and functional coatings--although this $2.6 billion business is not included in our ranking.) Sales for powder coatings were up three percent from 2005, reflecting selling price increases and improved mix partially offset by lower demand, especially in Europe, according to the company's annual report. Sales for adhesives and sealants were down one percent due to lower demand, the company said.

Also of note during 2006, Rohm and Haas sold its automotive business to Nippon Paint. The company was also active launching new products for powder coatings. The Architects Collection provides specifically designed finishes for architectural components, with outstanding exterior durability and protection. The Emotions Collection emphasizes decorative effects for a variety of interior and exterior applications such as house and office furniture, shop fittings, domestic appliances, lighting and garden furniture. Rohm and Haas is also introducing a portfolio collection offering a comprehensive range in polyester, hybrid, acrylic and epoxy systems for the broader powder coating market. This collection includes a full range of RAL colours in glossy,

22 HEMPEL

SALES: $980 million

HQ: LYNGBY, DENMARK

PHONE: [phone]

WEB SITE: WWW.HEMPEL.COM

KEY PERSONNEL: Pierre Yves Jullien, group president and CEO; Carster Bennike, group executive vice president, supply chain; Kim Junge Andersen, group executive vice president and CFO; Klaus Moller, director group marketing; Martin Wiese, group VP R&D; Claus Kynding Jensen, Key manager marine; Svend Johnsen, key manager protective; Lars Hermansen, key manager container; Jacqui Knott, key manager, yacht; Klaus Moller, group marketing director.

Major Products: Marine, protective, container, decorative and yacht coatings.

New Products: Hempadur Fibre 4760 and Hempasil 2006 Acquisitions: Germany's Lacor

** With high levels of trade and construction activity worldwide, Hempel was able to take advantage of the worldwide growth, delivering a 19% increase in turnover and 23% higher volumes, which totalled 244 million liters. The company delivered net sales of $980 million in 2006. Its business is broken into four operating segments including marine/yacht (46%), industrial (32%), container (14%) and architectural/decorative (8%).

Hempel acquired Lacor in Merzig, Germany. Lacor specializes in industrual and light industry protective coatings. The company also opened a new factory in Vietnam.

On the new product front, Hempel launched Hempadur Fibre 4760 late in 2006, and it contains special fibres which make it a highly durable and flexible coating. It also has a high resistance to corrosion, making it ideal for ballast tanks and other complex structures where maintenance demands are high. Hempasil was also introduced and was found to have significantly lower skin friction compared to conventional tin free antifoulings. For a large container ship, the required propulsion power was reduced by up to 10.6%. These results can be directly translated into fuel savings according to FORCE Technology who performed the reproducible and verifiable tests.

The company also celebrated the relaunch of its products and renovated showroom in Bahrain. In addition, as part of the company's plan to regionalize its operations, the shareholders of Danish Paints Middle East Holdings (DPME), Hempel's regional holding company and the shareholders of Hempel Bahrain agreed on a merger in order to consolidate their strength in the marine and decorative paint sectors.

As an effect of this agreement, DPME now operates from the headquarters of Hempel Bahrain, based in Mina Salman, and manages the principle operations in Saudi Arabia. Kuwait, Syria and Bahrain in addition to managing exports to Jordan, Lebanon and Iraq.

23 BENJAMIN MOORE

SALES: $950 million *

HQ: MONTVALE, NJ USA

PHONE: [phone]

WEB SITE: WWW.BENJAMINMOORE.COM

KEY PERSONNEL: Yvan Dupuy, chairman and CEO; Denis Abrams, president and COO; Don Devine, senior VO and CFO; Chip Siglan, VP of branding services; Barry Chadwick, VP of product development; Robyn Spritzer S. Mathew, John Canzillotti (key managers architectural coatings); Jeff Spillane, key manager commercial and industrial coatings.

Major Products: Architectural and decorative paints, coatings and finishes and industrial coatings.

New Products: Aura

** Berkshire-Hathaway-owned Benjamin Moore, posted sales of approximately $950 million in 2006. In late 2005, Benjamin Moore and Ace Hardware Corp. formed an alliance enabling qualified Ace retailers to sell Benjamin Moore's premium products. The companies introduced Benjamin Moore products in qualifying Ace stores on a market-by-market basis throughout the country, at the beginning of 2006 in the Chicago/Southern Wisconsin market. Availability in additional markets followed in 2007 and will continue beyond.

On the new product front, Benjamin Moore launched Aura, a 100% acrylic paint that incorporates the company's ColorLock technology, in which color pigments are bonded to dry paint film, permanently locking in color for richer hues and greater durability. ColorLock is a four-part system. First the proprietary 100% acrylic hybrid resin system gives Aura paint resistance to water spotting and color ruboff. This technology keeps a fresh look even in damp environments or after repeated washings. Second, special coalescing agents optimally balance open time and dry time, allowing smooth application, seamless touchups and recoats that begin within one hour of application. Third, custom thickeners give Aura exceptional flow and leveling properties, along with enhanced film build for superior coverage for even the deepest shades. Lastly, a waterborne-based formulation using waterborne colorants results in a premium coating that offers low VOCs.

24 ASIAN PAINTS

SALES: $893 million

HQ: MUMBAI, INDIA

PHONE: [phone]

WEB SITE: WWW.ASIANPAINTS.COM

KEY PERSONNEL: Ashwin Choski, chairman; Ashwin Dani, vice chairman and managing director; Abhay Vakil, managing director; P.M. Murty, president, decorative (India); Vivek Subramanian, vice president, industrial (India); Jalaj Dani, president, operations.

Major Products: Decorative/architectural, industrial and automotive coatings.

** As India's leading paint company, Asian Paints generated $893 million in revenue during 2006, of which 90% came from architectural/decorative sales and the remaining 10% from industrial and automotive sales. Key to the company's success in 2006 was the extension of Asian Paints Home Solutions (APHS), a service wherein the company undertakes the entire painting work including paint and labor, to 12 cities in India. In recent months, APHS has been taking up an entirely fresh platform going beyond the service promise in the value chain. APHS is not about merely painting homes, but giving them a unique look to flaunt, according to the company. To that effect, APHS has been using special themes like "Kids World" and special effect paints like "Royale Play" to give unique looks to consumer homes. The company had also launched "Wall Fashions," a range of unique themes to suit different home spaces and to cater to different customer tastes. To support the offerings, there is color consultancy that goes along with these themes.

25 KEMIRA COATINGS (TIKKURILA)

SALES: $707 million

HQ: VANTAA, FINLAND

PHONE: [phone]

WEB SITE: WWW.TIKKURILA.COM

KEY PERSONNEL: Visa Pekkarinen, president and CEO (Tikkurila)

Major Products: Decorative and industrial paint and coatings.

2006 Acquisitions: Remaining 50% of Kolorit Paints in Ukraine; Fiuncolor s.r.o, in the Czech Republic; 70% of OOO "Gamma" in Russia; 70% of OOO "Ohtinski zarod poroshkovyh krasok" in Russia; CEIEC-Feelings in China.

** Kemira Coatings' strategy is based on growth within decorative paints, which represents 80% of its business and certain industrial coatings, which represents the remaining 20%. In 2006, the company reported sales of $707 million.

Kemira Coatings offers paints and related services on a local and customized basis in approximately 30 countries. It's network of 4,000 paint stores sells its decorative paints while in industrial coatings, the company focuses on the metal and woodworking industries.

Kemira Coatings' decorative paint brands comprise Tikkurila in Finland and Poland, Tikkurila and Teks in Russia, Alcro and Beckers in Sweden and Vivacolor in the Baltic countries, while Tikkurila Coatings is a well known industrial coating brand in the same regions as well.

Eastern Europe forms Kemira Coatings' key growth area. As a result of the acquisition of Kraski Teks, finalized in Feb. 2006, the company took the leading position in the Russian paint market. In Dec., the company also decided to acquire production of industrial coatings in Russia. It also bought the remaining 49% holding in Kolorit Paints of the Ukraine. Kemira Coatings also set up a 50-50 joint venture with Sto, based in Germany, in Russia and established a subsidiary in Kazakhstan. In the Czech Republic, the company consolidated its position by acquiring one of its importers, Finncolor s.r.o.

Also of note in 2006, Kemira Coatings, in Sweden, disposed of its old factory site and started to build a new plant in Nykvarn, near Stockholm. It also agreed to supply Colorama, Sweden's largest paint store, with Alcro paints.

26 FORBO

SALES: $584 million

HQ: BAAR SWITZERLAND

PHONE: [phone]

WEB SITE: WWW.FORBO.COM

KEY PERSONNEL: Albert Gnagi, chairman; This E. Schneider, president and CEO; and Michel Riva, executive vice president, bonding systems.

Major Products: Industrial adhesives.

2006 Acquisitions: Victa (Guangzhou) Chemicals

** Forbos's bonding systems business unit is among the top suppliers worldwide of industrial adhesives, reporting sales of $585 million in 2006, representing a 16.3% lift over the previous year. Its products are suited for a wide range of materials in markets such as paper processing, shoe and textile industries, automotive interior trims and furniture as well as product assembly. The bonding systems unit also provides ready-made adhesives for laying flooring and tiles as well as welding rods and leveling compounds for the construction industry.

During the year, Forbo acquired Victa (Guangzhou) Chemicals Co. Ltd., a manufacturer of hotmelt adhesives and water-based adhesive materials, enabling the company to enter the China market.

Additionally, a major investment initiated in early 2006 are now in implementation. At Stary Oskol in Russia, the building of a new production facility for cement-based products in the construction industry is in full swing. Production is scheduled to start in the third quarter of 2007. This local production is expected to open up further development opportunities in Russia and Eastern Europe.

27 BRILLUX

SALES: $538 million *

HQ: MUNSTER, GERMANY

PHONE: [phone]

WEB SITE: WWW.BRILLUX.DE

KEY PERSONNEL: Peter Konig, Franz Wilhelm Konig, Julius Schroder and Michael Thompson.

Major Products: Paints, lacquers, varnishes and adhesives for decorative and industrial application.

** Originally known as Hobrecker & Konig back in the 1880s, Brillux is now in its fourth generation of independent ownership by the Konig family. Based in Munster, the company has four plants in Germany--Munster, (its main plant for paint, lacquers and varnishes), Herford (plaster and adhesives), Malsch (water-based products) and Unna (industrial lacquers).

Brillux offers an extensive portfolio of products including a wide range of interior and exterior paints, varnishes, wood-stains and dispersion coatings. Plasters, wall coatings and floor coverings are also available. There are special systems for external wall insulation, concrete protection and concrete repairs.

28 DAI NIPPON TORYO

SALES: $516 million *

HQ: OSAKA, JAPAN

PHONE: [phone]

WEB SITE: WWW.DNT.CO.JP

KEY PERSONNEL: Masfumi Toyomatsu, president and Yasuhide Tanabe, vice president.

Major Products: Industrial coatings, automotive OEM and refinish, marine coatings and decorative/architectural paint.

** Established in Japan in 1929 as a manufacturer of anti-corrosive paint, Dai Nippon Toryo's (DNT) products are actively engaged in a wide range of fields, from those closely related to everyday life. including electrical home appliances, housing, automobiles and information-related equipment, to those supporting society's infrastructures. including the Shinkansen "Bullet" Express Line. high-rise buildings and large-scale bridge construction.

29 CMP

SALES: $453 million *

CHUGOKU MARINE PAINT

HQ: TOKYO, JAPAN

PHONE: [phone]

WEB SITE: WWW.CMP.CO.JP

KEY PERSONNEL: Tetsuo Yamazumi, president.

Major Products: Marine, container and industrial coatings.

** Chugoku Marine Paints' principal activity is the manufacture and sale of paints. The operations are carried out in the following divisions: paints related and other. Paints related operations include synthetic resin paints thinners, painting for fishing boats and industrial painting such as container paints, housing floor paints and construction.

30 ORICA

SALES: $403 million

HQ: MELBOURNE, AUSTRALIA

PHONE: [phone]

WEB SITE: WWW.ORICA.COM

KEY PERSONNEL: Donald P. Mercer, chairman; Graeme R. Liebelt, managing director and CEO; Peter Bailey, general manager, consumer products.

Major Products: Decorative and architectural paint, wood care products and powder coatings.

** Orica's consumer products division, which reported sales of $403 million in 2006, is Australia and New Zealand's leader in decorative and architectural paint products. The business manufactures and markets brands including Dulux, Berger, British Paints, Levene, Walpamur, Cabot's and Feast Watson. An extensive range of powder coatings is manufactured and marketed in Australia, New Zealand and the Asia-Pacific region.

In the paints and woodcare business, sales revenue increased three percent. Retail decorative volumes were reported as fiat but showed improvement towards the end of the year.

Strong earnings growth was reported in protective coatings and woodcare sales increased eight percent, boosted by the launch of new products in the interior and decking segments. Powder coatings sales declined 12%, due to the continuing trend by manufacturing customers to move facilities offshore, the company said.

Also during 2006, a paint manufacturing facility in Western Australia was closed and Orica's 88% holding in Orica Coatings Fiji was divested to a Fijian company.

31 BARLOWORLD

SALES: $400 million *

HQ: SANDTON, SOUTH AFRICA

PHONE: [phone]

WEB SITE: WWW.BARLOWORLD.COM

KEY PERSONNEL: Tony Phillips, CEO; Garth Smith, COO and managing director, Barloworld Coatings Australia; Mike Christie, managing director, Barloworld Plascon SA; Ebrahim Moahemd, executive director, Barloworld Plascon SA and managing director, Barloworld Plascon Africa; Doug Thomas, financial director; and Doug Swanson, managing director, Barloworld Automotive Coatings.

Major Products: Architectural and decorative paint and automotive coatings.

** With sales in 2006 of approximately $400 million, Barloworld is the market leader in architectural and automotive coatings in South Africa with factories in Durban, Port Elizabeth, Cape Town and Johannesburg. The company also has operations in Botswana, Malawi, Namibia, Swaziland and Zambia, with sales in these and other sub-Saharan African countries. Its architectural brands include the premium Plascon range as well as Crown, Professional and Polycell. It also supplies specialized coatings in southern Africa to industrial and furniture markets. In automotive Barloworld supplies both car manufacturers and the refinish industries with the Plascon, Spies Hecker, Standox and DuPont brands in southern Africa.

In Australia Barloworld is the third largest architectural paint manufacturer with factories in Sydney, Melbourne and Brisbane. Looking to expand, Barloworld had made an offer to acquire Wattyl, Australia's second largest paint maker, however, the proposed acquisition was opposed by The Australian Competition and Consumer Commission (ACCC) during the year.

Barloworld has operated in Australia since the acquisition of the Taubmans paint business in 1996. A year later, the company expanded its paint interests through the acquisition of listed company Lanes Limited, which, in addition to its motor retail operations, owned the Bristol paint brand. Subsequently White Knight Paints was added to the coatings business.

32 ARCH

SALES: $358 million

ARCH WOOD PROTECTION & ARCH INDUSTRIAL COATINGS

HQ: SMYRNA, GA USA (WOOD PROTECTION)

HQ: PIANORO, ITAY (INDUSTRIAL COATINGS)

PHONE: [phone] (WOOD); 39-051-770511 (INDUSTRIAL)

WEB SITE: WWW.ARCHCOATINGS.IT ** WWW.NATURALSELECT.COM

KEY PERSONNEL: Steve Wisnewski, president, Arch Wood Protection; Ian Hobday, managing director, Arch Industrial Coatings; Huck DeVenzio, marketing, Arch Wood Protection; Petra Deiti, Arch Industrial Coatings; Maurizio Brini, technical director, Arch Industrial Coatings; John Kranjc, technical director, Arch Wood Protection.

Major Products: Wood preservatives, wood coatings and industrial coatings.

** Arch Chemical's wood protection and industrial coatings businesses are global operations with nine manufacturing sites worldwide. Wood preservative are made in four sites in the U.S. (Conley, GA, Rochester, NY, Kalama, WA and Valparaiso, IN), England and Australia. Industrial coatings are manufactured in Pianoro and Mariano Comese, Italy and Les Mureaux, France.

Arch Industrial Coatings is one of the largest wood coatings suppliers in Italy and France, and is also expanding into Europe, North America, China and South America. Its product roster includes lacquers, topcoats, stains and fine finishes. These coatings are used mainly for fine home and office furniture, picture and door frames and other joinery.

In response to concerns about VOCs emitted by traditional, solvent-based coatings, Arch Industrial Coatings developed its water-based line of Sayerlack coatings used in nursery furniture and other applications. Non-toxic and odor-free furniture has become an important selling point for the company in Europe.

Arch Wood Protection is a supplier of wood preservatives and fire retardants to wood treatment firms worldwide. The company licenses production of the Wolmanized, Tanalised, and Dricon brands of pressure-treated wood, and provides a range of technical, engineering, and marketing services to its customers, including copper-azole wood preservative.

33 KCC

SALES: $350 million *

HQ: SEOUL, SOUTH KOREA

PHONE: [phone]

WEB SITE: WWW.KCCWORLD.CO.KR

KEY PERSONNEL: Mong-Jin Chung, chairman: Mong Ik Chung, CEO.

Major Products: Marine paints, cargo container coatings, industrial coatings and decorative coatings.

** As the single largest paint manufacturer in Korea, KCC supplies high quality paints spread across several industries including automotive coatings, marine paints, cargo container coatings, industrial coatings and decorative coatings. The majority of sales are from marine and container coatings.

34 WATTYL

SALES: $320 million

HQ: NORTH RYDE, AUSTRALIA

PHONE: [phone]

WEB SITE: WWW.WATTYL.COM.AU

KEY PERSONNEL: John Ingram, chairman; John Nolan, managing director; John Foyle, CEO of Wattyl New Zealand; David Marginson, general manager, Wattyl Australia Pty; Chris Muir, group operations manager; and John Neumann, CEO of Solver.

Major Products: Decorative paints, varnishes, lacquers and special purpose protective coatings.

** Wattyl, which currently ranks as Australia's second largest paint manufacturer, is a paint and surface coatings company with manufacturing, sales and distribution facilities in Australia and New Zealand. The company produces a broad range of paints, varnishes, lacquers and special purpose protective coatings. Wattyl's products are used by individuals, contract painters and industrial customers. With operations in Australia and New Zealand, Wattyl employs more than 2,000 people.

35 BERGER PAINTS

SALES: $306 million

HQ: CALCUTTA INDIA

PHONE: [phone]

WEB SITE: WWW.BERGERPAINTS.COM

KEY PERSONNEL: Kuldip Singh Dhingra, chairman.

Major Products: Decorative, automotive and industrial paint.

** Berger Paints was founded in 1923 and is active in a wide variety of decorative and industrial paint, which continue to gain an increasing share of the highly competitive Indian paint market, according to the company. As India's third largest paint manufacturer, with its headquarters in Calcutta, Berger controls a distribution network comprising 66 stock points and approximately 10,000 dealers, spread across the vast country.

In 2006 Berger Paints announced two new manufacturing facilities, one in Rewari, India and the other in Kraskadar in Russia. The Rewari unit in Haryana, which is the company's eighth unit being set up, will produce paints for the automotive sector, and began production in January 2007, while the Russian site will began production in July 2006. The Russian unit will be the company's second overseas venture and is targeted at the decorative segment. The Rewari unit will be able to produce 500 kl per month, which will increase gradually as the market develops. Berger is also targeting new customers in the automotive sector.

36 HELIOS

SALES: $303 million

HQ: DOMZALE, SLOVENIA

PHONE: [phone]

WEB SITE: WWW.HELIOS.SI

KEY PERSONNEL: Uros Slavenic, president of management board; Marko Vresk, vice president; Matjaz Hafner, vice president; Ales Skok, executive director for decorative coatings; Stevo Buinac executive director for metal coatings; Mladen Mihalec, executive director for wood coatings; Peter Zupan, executive director for car refinishing coatings; and Dasa Tomazin, executive director for powder coatings.

Major Products: Decorative paints, automotive OEM and refinish, industrial coatings and powder coatings.

** Helios manufactures and markets wood finishes, decorative paints, road-marking paints, adhesives, automotive finishes, refinishing coatings, masterbach, powder, ship coatings and special coatings for the protection of metal.

37 KELLY-MOORE

SALES: $300 million

HQ: SAN CARLOS, CA USA

PHONE: [phone]

WEB SITE: WWW.KELLYMOORE.COM

KEY PERSONNEL: Steve DeVoe, president; Dan Stritmatter, CFO; Todd Gentry, vice president of sales; Mike Black, vice president of operations; Rod O'Neal, marketing director; Todd Wirdzex, technical director.

Major Products: Architectural decorative coatings/ industrial and high-performance coatings.

** Kelly-Moore is the largest employee-owned paint company in the U.S. that has been in operation since 1946 and today has 161 retail stores, three major manufacturing facilities in San Carlos, CA, Hurst, TX and Seattle, WA, with approximately 2,000 employees. Eighty percent of the company's sales are from architectural and decorative coatings sales, ten percent from industrial and the remaining ten percent from OEM (excluding automotive).

38 DUNN-EDWARDS

SALES: $298 million *

HQ: LOS ANGELES CA USA

PHONE: [phone]

WEB SITE: WWW.DUNNEDWARDS.COM

KEY PERSONNEL: Dennis R. Kromer, interim president and CFO; Nicholas J. Hess, senior vice president, operations; Gary Hoxie, senior vice president, sales; Andrew H Gillette, vice president manufacturing; Darlene Mitchell, vice president; CIO: Gary Jones, vice president, human resources; Timothy P. Bosveld, vice president, marketing; Gil B. Mislang, director of product R&D; Robert Werdoll, director, environmental affairs;

Major Products: Architectural/decorative paint and industrial maintenance coatings.

** Focused on developing lower VOC products and EG-free paint, Dunn-Edwards introduced in 2005 a Green Building Guide to help architects, designers and contractors select the right products to be LEED and CHPS compliant.

Despite a downturn in the construction industry, Dunn-Edwards enjoyed a 6.2% increase in sales, marking the 15th consecutive year of growth. Dunn-Edwards continues to enhance its sales team to specifically meet the needs of the interior design professionals. Recognized as a leader in product development in the face of changing regulations, Dunn-Edwards released the third edition of its Green Building Guide to help architects, designers and contractors select the right products to be LEED and CHPS compliant.

39 YASAR

SALES: $285 million *

HQ: IZMIR, TURKEY

PHONE: [phone]

WEB SITE: WWW.DYO.COM.TR

KEY PERSONNEL: Ahmet Yigitbasi, president; Huseyin Celiker, vice president/operations; Yildirim Cullu, vice president/finance; Ertugrul Duru, marketing director; Gulsen Celiker, R&D coordinator; Hasan Garipler, technical director; Ufuk, Celebisoy, technical director; Bulent Eryol, key manager, decorative; Mutlu Uysal, key manager, industrial; Gunther Sthamer, key manager, OEM; and Nilihat Zorlu, key manager, CR.

Major Products: Architectural/decorative paint, industrial and industrial maintenance coatings and auto OEM and refinish coatings.

** The largest share of Yasar Paint Group's sales come from the architectural/decorative sector, approximately 32%, according to the company. Industrial and industrial maintenance coatings follow next at roughly 25%. Automotive OEM represents 14% and automotive refinish accounts for 11%

40 RENNER

SALES: $282 million *

RENNER SAYERLACK S.A.

HQ: GRAVATAI, RIO GRANDE DO SUL STATE, BRAZIL

PHONE: [phone]

WEB SITE: WWW.TINTASRENNER.COM.BR ** WWW.SAYERLACK.COM.BR.

KEY PERSONNEL: Alexandre Cenacchi, CEO, Rennet Sayerlack; and Thomas Gahrmann, director superintendent, architectural, Renner Sayenack.

** Renner manufactures paints and coatings for the architectural, industrial, marine and wood segments under the familiar logo of a white horse running through a red banner. The company exports its products throughout much of Latin America, North America, Europe and Asia. Main shareholders of the company are Renner Herrmann S.A. and Renner Sayerlack's CEO, Alexandre Cenacchi.

The company markets its architectural line products under the Tintas Renner brand, its industrial products under the Renner Tintas Industrias brand and its wood finish products under the Sayerlack brand. Among primary architectural products is the water-based Rekolor Acrilico Semibrilho, or semi-gloss acrylic line.

Renner's main factory is located at Gravatai, in Rio Grande do Sul, where it manufactures architectural and industrial products. The company also produces wood finishing products at Cajamar, Sao Paulo state. The company has Brazilian sales offices in Salvador, Bahia state; in Varzea Grande, Mato Grosso state; in Curitiba, Parana state; in Aparecida de Goiania, Goias state; and in Belem, Para state.

Outside of Brazil, Renner manufactures multiple lines in Santiago, Chile as Pinturas Renner Chile, and in Montevideo, Uruguay, as Pinturas Renner Uruguay. The company's Minerbio, Italy plant produces wood finishes. Foreign sales offices operate in Buenos Aires, as Sering S.A.; San Lorenzo, Paraguay as Renpar SRL; Minerbio, Italy as Rennet Italia S.p.A.; High Point, NC, as Renner USA Corp.; and Mexico City as Rennermex.

The company offers customers its Multicolor tinting system with 2,200 basic colors available within the 11,000 colors registered in the company databank. Renner also offers consumers access to its Programa Centauro, which performs computer simulations of room colors.

41 DYRUP

SALES: $280 million

HQ: SOBORG DENMARK

PHONE: [phone]

WEB SITE: WWW.DYRUP.COM

KEY PERSONNEL: Eric Holm, president and CEO; Hanne Lund, executive vice president; Roeland Meijers, VP, marketing and application and product development; Allan Dehn Sogaard, VP, information technology; Nis Petersen, VP, corporate purchase: Henrik D. S. Nielsen, VP, supply chain: Francois Corda, manager, France and Belgium; Sten Chrisdam, manager, Nordic; Volker Thiele, manager, Germany and Austria; Ireneusz Struk, manager, Poland; and Eduardo Cevasco, manager, Portugal and Spain.

Major Products: Architectural paint, coatings and stains for DIY, professional and industrial customers.

** Dyrup develops and markets products in wood care and paints and its activities focus on Europe. Dyrup has a particularly strong position within wood care, where the group's largest markets are France, Germany and Denmark. Within paints, the principal market areas are Denmark and the Iberian Peninsula, where Portugal is the largest market. Dyrup markets its products and services through nine subsidiaries in Europe and through a selection of distributors in and outside Europe, and also has several license agreements.

The company's principal sales channels are the DIY retail trade, the professional trade, and industrial customers. DIY accounts for 43% of Dyrup's revenue, the professional trade for about 39% and industrial customers for about 18%. Sales of wood care and other solutions for outdoor applications account for approximately 60% of revenue.

Dyrup's position and image in various markets are linked to the group's strong, international brands, Bondex and Goril, which are supplemented by a few local brands.

42 ALTANA

SALES: $277 million

ALTANA COATINGS & SEALANTS

HQ: WESEL, GERMANY

PHONE: [phone]

WEB SITE: WWW.ALTANA-CS.DE

KEY PERSONNEL: Nikolaus Schweickart, president & CEO, Altana AG; Hermann Kullmer, CFO, Altana AG; Matthias L. Wolfgruber, president and CEO, Altana Chemie AG; and Guido Forstbach, business unit manager coatings--sealants and managing director, Altana Coatings & Sealants GmbH.

Major Products: Coatings and sealants.

2006 Acquisitions: Rad-Cure and Kelstar.

** Altana's Coatings & Sealants division reported a mainly acquisition-driven sales increase of 26% to $277 million in 2006.

The Rad-Cure and Kelstar acquisitions enabled the company to bolster its position in its core overprint varnish business area in the U.S. market. Coatings & Sealants achieved 47% of its sales with coatings for the printing industry and printing shops. According to estimates, the graphic arts market will grow on average by five to six percent until 2011, the company said. The same applies to the coatings market for metal packaging, in which the division achieved 53% of its sales. The division generates 56% of its total sales in Europe, 32% in North and South America and eight percent in Asia, its fastest growing market. Its two largest markets are Germany and the U.S., each accounting for 23%. Through the acquisitions of Rad-Cure and Kelstar, a platform has been created for future U.S. growth in the graphic arts sector, and also for its second main pillar, converting specialties.

43 NATIONAL PAINTS

SALES: $260 million

NATIONAL PAINTS FACTORIES CO. LTD (SAYEGH GROUP)

HQ: ABU ALANDA, JORDAN

PHONE: [phone]

WEB SITE: WWW.NATIONALPAINTS.COM

KEY PERSONNEL: Michael Sayegh, shareholder and president; Ibrahim Sayegh, shareholder; Sailm Sayegh, shareholder; Mujaned Abu Doleh, investment consultant; Rajeh Saeed sales director; Razi Salameh, marketing director; and Kamaljet Singh, technical director.

Major Products: Architectural/decorative paint, industrial coatings, automotive and marine paint

** National Paints is the core business privately owned by Sayegh Group and with sales of $260 million in 2006, is the Middle East's largest paint producer, exporting to more than 60 countries.

44 DIC

SALES: $250 million

DAINIPPON INK AND CHEMICAL

HQ: TOKYO JAPAN

PHONE: [phone]

WEB SITE: WWW.DIC.CO.JP

KEY PERSONNEL: Koji Oe, president; Kozo Okumura, chairman; and Yasuyoshi Ikeozoe, controller.

Major Products: Can coatings, UV curable coatings and bonding adhesives for optical discs, industrial adhesive tapes, and wood finishes.

45 CIN

SALES: $248 million

CORPORACAO INDUSTRIAL DO NORTE, SA

HQ: MAIA, PORTUGAL

PHONE: [phone]

WEB SITE: WWW.CIN.PT

KEY PERSONNEL: Antonio Serrenho, chairman; Joao Serrenho, CEO; Angelo Machado, member of board; Fernando Jorge Ferreira, CFO; Jose L. Nogueira, technical director; Reinaldo Campos, marketing, strategy and business development director; Pedro Reis de Almeida, key manager, architectural/decorative and protective coatings; Adelino Rodrigues, key manager, automotive refinish; Nelson Oliveira, key manager, industrial coatings.

Major Products: Architectural/decorative paint and coatings, automotive refinish, industrial coatings and protective coatings.

New Products: Sintecin LV, CIN Woodtec, Lasur Super Satinado, Verniz paredes, Esmalte acrilico, Test-it

2006 Acquisition: Proitesa (Spain)

** In addition to two manufacturing sites in Portugal, CIN makes products in Barcelona, Spain, the Canary Islands, Angola and Mozambique.

In 2006, CIN Group achieved improved performance. In spite of some tough conditions especially in its domestic market, the company showed improved results and a clear market gain. Taking advantage of the satisfactory growth in the Spanish market, the company was able to achieve profitable results in its Spanish operations. In additon, Barnices Valentine's new factory, already under construction in Cataluna, will help increase productive capacity.

The Angolan market has been one of CIN's priority markets where it intends to strengthen its leadership position. Its new factory, opened in 2007. will help bring competitive advantages in an extremely aggressive market, the company said.

46 FLUGGER

SALES: $244 million

HQ: ISLEVOALVEJ, DENMARK

PHONE: [phone]

WEB SITE: WWW.FLUGGER.COM

KEY PERSONNEL: S.P. Oleger, CEO; Paul Wulff, CFO; Claus Bjorn, sales director (Scandinavia); Villy Jessen, sales director (international); Bjoern Larsen, manager, decorative coatings; Linda Stargaarrd, coatings markeing director; Thor Bjoern Steensen, coatings technical director.

Major Products: Architectural and decorative coatings.

** With a strong presence in the Scandinavian region, as well as Iceland, Greenland and the Faeroe Islands, Flugger is looking to expand its influence even further in the upcoming years. The company produces, distributes and markets a wide variety of decorative paints and wood stains to both professional painters as well as DIY consumers. In Denmark, the company plans to consolidate its leading position in the market while in Sweden, Norway and Iceland, the Flugger franchise concept is m be extended substantially. The company is currently developing an international Flugger decor franchise concept. The shop concept is under implementation in Poland and will also be introduced in Iceland where Flugger Group took over the country's leading paint factory. In China, Flugger has a license production in Beijing and has established a subsidiary in Shanghai with a view to sell decorative paints there.

47 ROCK PAINT

SALES: $211 million *

HQ: OSAKA, JAPAN

PHONE: [phone]

WEB SITE: WWW.ROCKPAINT.CO.JP

KEY PERSONNEL: Iwao Tsuji, chairman, and Shinichiro Tsuji, president.

Major Products: Architectural and industrial paint and automotive refinish coatings.

48 GREBE GROUP

SALES: $210 million *

GREBE HOLDING AG

HQ: WEILBURG, GERMANY

PHONE: [phone]

WEB SITE: WWW.GREBE.DE

KEY PERSONNEL: Helmut Tappe, CEO; Gunter Waasen, board member; Uwe Diener, coatings marketing director; Klaus Reuker, coatings technical director.

Major Products: Industrial coatings.

49 TIGERWERK

SALES: $188 million *

HQ: WELS, AUSTRIA

PHONE: [phone]

WEB SITE: WWW.TIGER-COATINGS.COM

KEY PERSONNEL: Kurt Berghofer, CEO; Clemens C. Steiner, CEO; Andreas Bauer; global plant manager; Christian Ebenberger, international sales and marketing; Reinhold Freiseisen, CFO; Gerald Hemedinger, R&D-innovations, TAS; Thomas Knoll, sales Europe; Gerhard Kokot, DIY; Lehner Helmut, Color-Batch; Michael Mathe, QM; Inge Neubock, global purchasing; Franz Poschl, administration subsidiaries Europe; Thomas Schmidt, R&D: Gerd Schlager, product development Drylac; and Robert Strouhal, global sales.

Major Products: Powder coatings and masterbatches.

50 YUNG CHI

SALES: $182 million *

HQ: KAOHSIUNG, TAIWAN

PHONE: [phone]

WEB SITE: WWW.RAINBOWPAINT.COM.JP

KEY PERSONNEL: Tien-Yung Chang, director; Tsung Te Han, managing director; and H. L Shen, general manager.

Major Products: A variety of paint and coatings, including architectural, marine, coil and fire protection coatings.

51 INDUSTRIAS TITAN

SALES: $180 million *

HQ: BARCELONA, SPAIN

PHONE: [phone]

WEB SITE: WWW.TOHPE.CO.JP

KEY PERSONNEL: Jose Farres Pere, CEO; Jaime Carbonell Petit, financial general manager; Eusebio Gomez de Avila, commercial manager; Antonio Vilaseca Martinez, technical director; and Jose Manuel Azpeitia Fernandez, key manager for powder coatings.

Major Products: Decorative/architectural, industrial maintenance, marine and powder coatings, and fine arts products (oil, water and acrylic colors, poster paints, etc.).

52 DPI

SALES: $166 million

HQ: ANYANG-SI, GYONGGI-DO, SOUTH KOREA

PHONE: [phone]

WEB SITE: WWW.DPI.CO.KR

KEY PERSONNEL: Young-Jae Han, chairman and CEO; Jung-Mo Yang, president and CEO; and K. S. Hong, overseas business coordinator.

Major Products: Paint and coatings for the general industrial, architectural, general and heavy duty industrial and automotive refinish market.

53 CLOVERDALE PAINT

SALES: $165 million *

HQ: SURREY, CANADA

PHONE: [phone] WEB SITE: WWW.CLOVERDALEPAINT.COM

KEY PERSONNEL: Wink Vogel, CEO; Al Mordy, president; Alex Drody, VP-sales and marketing; Paul Schmidt, VP, finance; Marin McKenna, marketing and key manager, dealer/retail; Stu Eaton, technical director; Brian Johnston and Brian Carpenter, key managers, industrial; and Kevin Belton and Rodger Stotz, key managers, trade. Rodda: Thomas J. Braden, chairman; Todd Braden, VP, marketing; Bill Boone, VP-sales; Mark Holcomb, VP-operations; Steve Holbrook, buying manager; Jeff Pellatz, controller; Chuck Graves, director-MIS; and Rick Barnard, manufacturing and factory director.

Major Products: Architectural and decorative paint and industrial maintenance and OEM coatings.

54 SHINTO PAINT

SALES: $161 million *

HQ: AMAGASAKI-CITY, HYOGO, JAPAN

PHONE: [phone]

WEB SITE: WWW.SHINTOPAINT.CO.JP

KEY PERSONNEL: Harunobu Horibe, chairman, and Akira Kubo, managing director and technical director.

Major Products: Architectural/decorative, industrial maintenance, OEM and automotive coatings.

56. ACE PAINT ($150 million *)

57. VOGEL PAINT ($147 million)

58. BOERO GROUP ($145 million)

59. LOOSER HOLDING AG ($141 million)

60. TOA PAINTS ($140 million *)

61. TOHPE ($133 million *)

62. EMPILS ($116.2 million)

63. RUSSIAN COATINGS ($116.1 million)

64. SPRAYLAT ($110 million *)

65. INVER SPA ($106 million)

66. REDSPOT ($105 million)

67. TNEMEC ($96 million)

2007 TOP COMPANIES REPORT

 1.   Akzo Nobel (The Netherlands)       S7.8 billion
 2.   Henkel (Germany)                   $6.921 billion
 3.   ICI Group (UK)                     $6.387 billion
 4.   Sherwin-Williams (USA)             56.348 billion *
 5.   PPG Industries (USA)               $6.324 billion
 6.   DuPont (USA)                       $4.095 billion
 7.   RPM (USA)                          $3.008 billion
 8.   Valspar (USA)                      $2.978 billion
 9.   BASF Coatings (Germany)            $2.935 billion
10.   SigmaKalon (The Netherlands)       $2.386 billion
11.   3M (USA)                           $2.2 billion *
12.   Kansai Paint (Japan)               $1.795 billion
13.   Nippon Paint (Japan)               $1.732 billion *
14.   Sika (Switzerland)                 $1.5 billion *
15.   H.B. Fuller (USA)                  $1.472 billion
16.   Comex (Mexico)                     $1.4 billion
17.   Masco (USA)                        $1.277 billion
18.   Jotun (Norway)                     $1.249 billion
19.   AB. Wilh. Becker (Sweden)          $1.190 billion *
20.   DAW (Germany)                      $1.130 billion
21.   Rohm and Haas (USA)                $1.055 billion
22.   Hempel (Denmark)                   $980 million
23.   Benjamin Moore (USA)               $950 million *
24.   Asian Paints (India)               $893 million
25.   Kemira Coatings (Finland)          $707 million
26.   Forbo (Switzerland)                $584 million
27.   Brillux (Germany)                  $538 million *
28.   Dai Nippon Toryo (Japan)           $516 million *
29.   Chugoku Marine Paint (Japan)       $453 million *
30.   Orica (Australia)                  $403 million
31.   Barloworld (South Africa)          $400 million *
32.   Arch (USA)                         $358 million
33.   KCC (South Korea)                  $350 million *
34.   Wattyl (Australia)                 $320 million
35.   Berger (India)                     5306 million
36.   Helios (Slovenia)                  $303 million
37.   Kelly-Moore (USA)                  $300 million
38.   Dunn-Edwards (USA)                 $298 million *
39.   Yasar (Turkey)                     $285 million *
40.   Renner (Brazil)                    $282 million *
41.   Dyrup (Denmark)                    $280 million
42.   Altana (Germany)                   $277 million
43.   National Paints (Jordan)           $260 million
44.   DIC (Japan)                        $250 million
45.   CIN (Portugal)                     $248 million
46.   Flugger (Denmark)                  $244 million
47.   Rock Paint (Japan)                 $211 million *
48.   Grebe Group (Germany)              $210 million *
49.   Tigerwerk (Austria)                $188 million *
50.   Yung Chi (Taiwan)                  $182 million *
51.   Industrias Titan (Spain)           $180 million *
52.   DPI (South Korea)                  $166 million
53.   Cloverdale Paint (Canada)          $165 million *
54.   Shinto Paint (Japan)               $161 million *
55.   M.A.B. Paints (USA)                $155 million *
56.   Ace Paint (USA)                    $150 million *
57.   Vogel Paint (USA)                  $147 million
58.   Boero Group (Italy)                $145 million
59.   Looser Holding AG (Switzerland)    $141 million
60.   Toa Paints (Thailand)              $140 million *
61.   Tohpe (Japan)                      $133 million *
62.   Empils (Russia)                    $116.2 million
63.   Russian Coatings (Russia)          $116.1 million
64.   Spraylat (USA)                     $110 million
65.   Inver SpA (Italy)                  $106 million
66.   RedSpot (USA)                      $105 million *
67.   Tnemec (USA)                       $96 million

* estimated sales