PRA Reports Strong Growth
November 9, 2008
HAMPTON, UK - Paint Research Association (PRA) reported a return to economic health at its recent Annual General Meeting of Members, held at the Coatings Technology Centre, Hampton, near London. Since Jonathan Bourne took the helm in 2006, revenues have grown 22 percent and 36 percent respectively over the past two years. The association, which supports innovation and growth of member companies through a range of knowledge-based services, has implemented significant changes to modernize its activities and improve economic performance.
PRA grew revenue to £2.3m in the year ending June 2008, generating a net surplus of £0.1m. This involved a significant expansion of Information Services to compliment the established range of Technical Services, most notably with the acquisition of Irfab Chemical Consultants in Brussels. The combined market research team completed its first multi-client study entitled Global Industrial Coatings Markets 2006-2020 and is just launching the next one, Specialist and Functional Architectural Coatings EMEA 2008-2018.