Russian Paints

What Russian Paints does

Russian Paints (АО «Русские краски») is a publicly listed Russian joint stock company founded in 1838 in Yaroslavl, operating as the largest manufacturer of paint and coating materials in Russia. The company operates through six business segments: industrial materials (railway, road marking, anticorrosion), aviation and shipbuilding coatings, conveyor (OEM) automotive coatings, automotive refinish materials, decorative coatings, and powder coatings. Its product portfolio spans brands including Vika (20% market share in Russian automotive refinish), Armax, Yarkraski, Premia, Prodecor, PK-Marine, PK-Avia, and YaZPK. The company holds AR MAK certification for aviation coatings and Marine and River Register approval for shipbuilding, with 70+ year supply relationships to Russian automotive OEMs and OSK (United Shipbuilding Corporation) maker-list inclusion.

The business is built on full-cycle production including proprietary binder manufacturing, supported by an in-house Research Center with 6 laboratories and 100+ research staff. The company holds patents on its УР-1301АТ aviation enamel and proprietary polyether polyurethane binder, and maintains a 50-year technology partnership with BASF for marine coatings. Revenue is generated through one-time product sales across seven distinct revenue streams: industrial, automotive repair, conveyor OEM, aviation/shipbuilding, decorative, and powder coatings. Pricing is quote-based and varies by customer; industrial/commercial clients transact via direct sales while decorative products are distributed through DIY retail chains, and the 60+ dealer/distributor network covers Russia and CIS countries. The company reports 2019 revenue of 7,050 million RUB (~$112M USD) and has held a position in the Coatings World Top 100 ranking since 2011 (72nd in 2023, only Russian company in the list). Geo-coverage is primarily Russia with export presence in Kazakhstan, Kyrgyzstan, Azerbaijan, Tajikistan, Uzbekistan, Armenia, and Belarus.

Name

Russian Paints

Legal name

Акционерное общество «Русские краски»

Website

https://ruskraski.ru

Company type

Public

Founded year

1838

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Russian Paints (Русские краски) is a 185-year-old Russian manufacturer of paints and coatings operating across six segments: industrial, aviation/shipbuilding, automotive OEM, automotive refinish, decorative, and powder coatings. It holds AR MAK and Marine Register certifications, supplies Russian automotive OEMs and shipbuilders, and distributes through 60+ dealers across Russia and CIS.

Ownership category

akta.pro rank

Product category

Paint and Coatings Manufacturing

NAICS

Paint and Coating Manufacturing (32551)

SIC

Paints, Varnishes, Lacquers, Enamels & Allied Prods (2851)

akta.pro primary industry

Architectural & Decorative Paints (IMAEAHAA)

akta.pro secondary industries

Automotive & Transportation Coatings (IMAEAHAC), Specialty & Functional Coatings (Anti-microbial/Anti-slip/Insulating) (IMAIAKAM)

Keywords

• Industrial coatings
• Automotive paints
• Decorative paints
• Powder coatings
• Marine and aviation coatings

Headquarters

HQ city

Yaroslavl

HQ country

Russia

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Industrial Coatings Sales: Sale of industrial coatings for railway transport, road and airfield marking, corrosion protection. Includes materials for large corporate clients with technical support.
2. Auto Repair Materials Sales: Sale of automotive repair coatings including lacquers, primers, putties, enamels, primer-enamels, auxiliary materials and color matching systems through dealers and distributors.
3. Conveyor Materials Sales: Supply of automotive OEM coatings to Russian automotive factories including water-based and solvent-based products.
4. Aviation and Shipbuilding Coatings: Certified coatings for aircraft and shipbuilding with full documentation and technical support.
5. Decorative Materials Sales: Decorative coatings for professional builders and DIY consumers through DIY retail networks and construction stores.
6. Powder Coatings Sales: Polyester, epoxy-polyester and epoxy powder coatings for automotive parts, household appliances, agricultural equipment, furniture, sporting goods and construction bricks.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

Russian Paints is a 185-year-old Russian paint and coatings manufacturer operating full-cycle production with its own binder manufacturing. The company produces industrial coatings, aviation and shipbuilding coatings, conveyor automotive coatings, auto repair refinish materials, decorative architectural paints, and powder coatings, serving automotive plants, railway, shipyards, aviation, construction, and DIY consumers.

Product overview

Russian Paints (AO Russkiye Kraski) is a leading Russian paint and coatings manufacturer offering a diversified portfolio across six business segments: industrial materials, aviation and shipbuilding coatings, conveyor automotive coatings, auto repair refinishing materials, decorative architectural coatings, and powder coatings. The company operates through multiple sub-brands including Vika and Armax (auto repair), PK-Marine and РК-Авиа (marine and aviation), Prodecor and Линия (industrial), ЯРКРАСКИ (decorative), and ЯЗПК (powder coatings), serving automotive OEMs, rail transport, shipbuilding, aviation, construction, and road infrastructure sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Prodecor: Industrial paint brand for anticorrosion protection and steel construction
• Стрела
• Линия
• PK-Marine
• РК-Авиа
• Vika
• Armax
• Guntex
• ЯРКРАСКИ
• Faktor
• Premia
• Спецназ
• Ярко
• Faktura
• Brite
• WOW NOW
• Ferrum Lab
• ЯЗПК
• РК-Авто

Products and services

• Prodecor Industrial Coatings
• Strela Industrial Paints
• Linia Road Marking Materials
• PK-Marine Marine Coatings
• PK-Avia Aviation Coatings

Quantifiable outcome

• Reduced process time from order to shipment by 7.5% through lean manufacturing optimization
• +3 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• BASF AG (Germany)coreStrategic or Co-development Partner · 1 November 2019Long-term partnership spanning nearly 50 years. Joint presentation of new color solutions for boat and yacht finishes in Color-show format. Joint development of finish coatings for marine applications based on 'base-lacquer' system. Shared technology and research capabilities.
• Spektr-AviacoreStrategic or Co-development Partner · 1 August 2019Partnership for expanding aviation coatings offerings. Signed agreement at MAKS-2019 airshow for testing and approval of Russian Paints' aviation materials with Spektr-Avia application technologies. Cycle of work planned through end of 2019.
• United Shipbuilding Corporation (OSK)coreStrategic or Co-development PartnerPassed audit with 89.5 points (Category B - medium risk enterprise). Will be included in maker-lists for designed and constructed ships. Audit covered production capabilities, technological processes, quality management, and personnel.
• Association for Development of Steel Construction (ARSS)minorStrategic or Co-development PartnerActive participation in ARSS conferences and events. Cooperation on developing standard technical documentation for metal structures with anti-corrosion coatings. Joint work on expanding use of domestic coatings in steel construction.
• AKZO NOBEL, DuPont, AXALTAminorOthersLong-term collaborative experience with these global coating giants allows Russian plants to consider Russian Paints as one of their suppliers. Exchange of technologies and market practices.
• Dealer Network (over 60 partners)coreChannel Partner/ Reseller/ DistributorRegional dealers and distributors covering Russia and CIS countries for auto repair materials. Annual dealer conferences held in various cities (Tashkent, Baku, Vladikavkaz). Technical training and certification programs.
• St. Petersburg Technological InstituteminorStrategic or Co-development PartnerCooperation on development and certification of modern anticorrosive coatings for shipbuilding with state support from Ministry of Science and Higher Education.
• Russian Union of ChemistsminorOthersActive member. Association protects interests of members, provides support. CEO Valery Abramov is Chairman of Soyuzkraska Association.
• Soyuzkraska AssociationminorOthersCEO Valery Abramov is Chairman of this paint industry association representing interests of Russian paint enterprises.

Scale indicators12 records

Recent moves8 records

Expansion highlights6 records

Emerging players

• DAW SE (Caparol / Alpina): German family-owned coatings company with leading architectural paints (Caparol, Alpina) and growing industrial coatings presence. Comparable to Russian Paints in the architectural/decorative segment through its Alpina brand, which historically had strong recognition in Russian and CIS markets.

Direct peers

• Jotun A/S: Norwegian global coatings company with strong marine, protective, and powder coatings portfolios. Jotun is a direct peer to Russian Paints' marine (PK-Marine), industrial (Prodecor/Strela), and powder coatings (YaZPK) business segments.
• Axalta Coating Systems: Global coatings company specializing in automotive refinish and industrial coatings. Russian Paints explicitly references AXALTA as one of the global coating giants whose import substitution has driven its auto repair growth (Vika brand holds 20% market share in Russia), making it a direct competitor in the auto refinish and OEM segments.
• Empils (OOO Empils): One of the largest Russian paint manufacturers producing decorative, industrial, and powder coatings. A direct domestic peer to Russian Paints with overlapping product lines in decorative paints (competing with Yarkraski) and industrial segments, and the most relevant Russian peer for benchmarking market share dynamics.
• Kansai Paint Co., Ltd. Japanese coatings major with global automotive OEM, industrial, and decorative coatings operations. Kansai competes with Russian Paints in industrial coatings for railway, road marking, and construction applications across the CIS region.
• BASF Coatings (BASF SE): Global coatings division of BASF serving automotive OEM, automotive refinish, and industrial markets. Russian Paints has maintained a nearly 50-year partnership with BASF including joint marine coatings development, while also competing against BASF's automotive OEM offerings in the Russian conveyor materials segment.
• Hempel A/S: Danish global coatings supplier specializing in marine, protective industrial, and decorative coatings. Russian Paints' PK-Marine brand competes directly with Hempel in shipbuilding and ship repair coatings, including segments where Russian Paints holds Marine Register certification.

Broad incumbents

• AKZO Nobel N.V. Global paints and coatings major with decorative, automotive, industrial, marine, and powder coatings portfolios. Russian Paints explicitly names AKZO NOBEL as a former incumbent in conveyor automotive coatings it has replaced through import substitution, making it the most direct large-scale competitor for the company's industrial and decorative segments.
• PPG Industries: Global coatings major with deep presence in automotive OEM, automotive refinish, industrial, marine, and aerospace coatings. Russian Paints competes against PPG-affiliated brands across multiple of its six business segments, and PPG owns Tikkurila, a former leading decorative paint brand in Russia and CIS.
• Nippon Paint Holdings: Asia's largest coatings manufacturer with broad automotive, industrial, decorative, and specialty coatings portfolios. Comparable to Russian Paints as a diversified regional champion with multiple coatings segments, though at significantly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Russian Paints