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  September 5, 2001
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Home > Company Index > Chemicals > Paints, Coatings & Other Finishing Products > Corimon, C.A., S.A.C.A.

Corimon, C.A., S.A.C.A.
NYSE: CRM
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 PROFILE
Corimon has decided to stay in paints but out of the red. Corimon has sold off its hypermarket chain, Construcentro, and is looking to sell its share of Pralca (Productora de Alcohol) to reduce debt and concentrate solely on its profitable paint business. The company produces paints, coatings, and resins and sells its paint products under Montana and Pinco brand names. Corimon Pinturas, a paint distribution subsidiary, has a 40% market share through its chain Tiendas Montana. Montana operates about 45 franchises across Venezuela and hopes to have about 60 stores by the end of 2001. Corimon is resuming operations of its flexible paper packaging subsidiary, Montana Grafica, after investing in equipment and machinery.

 COMPETITION
Ferro Corporation (FOE)
RPM, Inc. (RPM)
The Sherwin-Williams Company (SHW)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 84.00
1-Yr. Sales Growth: (54.8)%
Employees: 2,488
Revenue per employee: $33,762.06

 KEY PEOPLE
• Philippe Erard
    CEO
• Charles Codrea
    CFO

 CONTACT INFO
Apartado 3654, Los Cortijos de Lourdes
Caracas 1010-A, Venezuela
Phone: 58-2-203-5555
Fax: 58-2-239-5962
Online: Web Site

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