Tikkurila and Sto to Establish JV In Russia
The business idea of Sto-Tikkurila will be the manufacture and project sales of various coatings systems for facades in Russia. The products will be based on Sto's technology and sold under the Sto brand. Marketing will use Tikkurila's existing infrastructure and local knowledge in Russia. The markets for facade systems are developing rapidly due to the strong growth in the construction activity in general.