page_title: Sandefjord
section_title: Economy
hierarchical_section_title: Sandefjord / Economy
caption_attribution_description: English: Jotun Paint factory (Jotun fabrikker) in Sandefjord, Norway
context_page_description: Sandefjord is a Norwegian city and the most populous municipality in Vestfold og Telemark county, Norway. The administrative center of the municipality is the city of Sandefjord. The municipality of Sandefjord was established on 1 January 1838. The municipality of Sandar was merged into Sandefjord on 1 January 1969. On 1 January 2017, rural municipalities of Andebu and Stokke were merged into Sandefjord as part of a nationwide municipal reform.
  The city is known for its rich Viking history and the prosperous whaling industry, which made Sandefjord the richest city in Norway. Today, it has built up the third-largest merchant fleet in Norway. It is home to Europe's only museum dedicated to whaling, and is home to Gokstad Mound where the 9th century Gokstad Ship was discovered.
  Sandefjord has numerous nicknames, including the Viking- or Whaling "capital" of Norway. The city is also known as the "whaling capital of the world." It has also been dubbed the "Bathing City", due to its many beaches and former resort spas. It is still considered a resort town, due to high numbers of visitors during summer months.
context_section_description: Sandefjord is the wealthiest city in Norway. Important industries in Sandefjord are information technology, chemical production, tourism, navigation, ship building and fishing. It is home to the international airport Torp Airport, paint producer Jotun, the brewery Grans Bryggeri, the chocolate factory Hval Sjokoladefabrikk, and the engineering company Ramboll Oil & Gas. High-tech and information technology have become important industries in recent times, represented by some of Norway's largest web shops: Komplett, mpx.no, and netshop.no.
  The largest employer, besides the city itself, is Jotun, which was established in Sandefjord in 1926. Jotun is now one of the world's largest manufacturers of paints and coating products. As of February 2017, Jotun has a presence in over 100 countries and employed 9,500 employees worldwide. The Jotun Group operates four divisions, while its head office is located in Sandefjord.
  While Jotun by far is the largest company in Vestfold County, the second-biggest company is Komplett. A web shop operating in all of Scandinavia, Komplett had a 7.3 billion NOK revenue in 2015 and had 800 employees.
  Sandefjord had Norway's most expensive seaside vacation homes as of 2011, with an average price of 7.2 million crowns. General property values in Sandefjord appreciated 25.7 percent between 2010 and 2015.
  Largest companies in Sandefjord based on operating income in 2015:
caption: Jotun is one of the world's largest manufacturers of paints and coating products.
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