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BioAmber Completes Construction of Succinic Acid Plant in Sarnia
FOCUS
INDUSTRY NEWS PPG to Expand its Coatings Business by Acquiring IVC Industrial Coatings PPG Industries announced that it has reached a definitive agreement to acquire IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than USD 100 million. The transaction is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed. IVC is a privately owned company founded in 1870 as the Indianapolis Varnish Company. The company, based in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products such as metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the U.S. (two in Brazil, Indiana, and one each in Grand Haven, Michigan; Atlanta, Georgia; and Casa Grande, Arizona), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture. "Acquiring IVC, which has a large, global distribution footprint, will strengthen our ability to serve a variety of end-use markets and enhance PPG's supply positions in the U.S. and China,'' said Shelley Bausch, PPG vice president, global industrial coatings. "The addition of IVC's high-quality products and industry expertise will further enhance PPG's ability to deliver a robust portfolio of industryleading industrial coatings solutions.'' Original Source: PPG Industries, 2015. June 11, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © PPG Industries 2015
Powder Coating Institute Appoints Goyer Management to Run Administrative Functions In order to best continue to promote the growth of the powder coating market, the Board of Directors spent a great deal of time evaluating the best way to utilize resources and the synergies of the coatings marketplace as well as the unique capabilities available to our membership.
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As a result of this evaluation, the Board of Directors unanimously has decided to enter into a management agreement with Goyer Management (GMI) beginning July 1, 2015 to run the administrative functions for The Powder Coating Institute. GMI has had a role in the past with PCI as well has run the Chemical Coaters Association (CCAI) and the Industrial Heating Equipment Association (IHEA). Effective July 1, 2015, GMI will take over all of the functions now performed by Dave Lurie and the current PCI staff, including all educational events, programs and the very popular and successful Powder Coated Tough magazine and website. Original Source: The Powder Coating Institute, May 20, 2015 (website: http://www. powdercoating.org) © The Powder Coating Institute 2015
Powder Coating Institute will no Longer Produce Annual Powder Coating Show Nearly 10 years ago, the PCI Board of Directors, acting on input from member companies, agreed it was wise to hold the Coatings/Powder Coating Show every other year, rather than every year. The main reasons driving this were the cost of exhibiting, declining attendance and market innovation timing. In spite of this, the Powder Coating Institute continued to produce the Powder Coating Show annually. In addition, many of the exhibitors at the Powder Coating Show also exhibit at Fabtech's Finishing Pavilion annually. The bottom line is that there are now two shows each year where many PCI members feel compelled to exhibit. The PCI Board of Directors agreed unanimously that the cost of exhibiting at two shows a year is not adding value for their companies, their fellow PCI members, or the industry as a whole. Therefore, the Powder Coating Institute will no longer produce an annual powder coating show and will suggest to its members that they exhibit (if they are not already doing so) in the FABTECH Finishing Pavilion. The Powder Coating Show has provided significant revenue to PCI as part of the many technical services, training and marketing programs offered to its membership making this a particularly difficult decision for the Board. However, looking at the bigger picture and cost burdened by many of our members to participate in multiple shows each year, it is the right decision for both our membership and the Powder Coating market/technology we are directed to promote by our charter. Original Source: The Powder Coating Institute, May 20, 2015 (website: http://www. powdercoating.org) © The Powder Coating Institute 2015
C OAT I N G S Greenkote Announces New Production Capacity for Powder Coatings The Greenkote blank powder coating facility in Louisville, Kentucky, has announced that it is making new production capacity available. Among others, the operation has served one of the nation's largest home appliance manufacturers, and it is now accepting a limited number of volume production orders from product manufacturers. The Louisville facility was specifically designed for powder coating metal "blanks.'' In this special process, flat metal sheets are punched, notched and cut to the appropriate two-dimensional shape before being sent to Greenkote for powder coating. After coating, the flat parts are returned to the OEM where they are subsequently formed into threedimensional final-product shapes. "The Louisville plant was custom-built to be state-of-the-art and is almost totally automated,'' said Greenkote CEO Mark Gore. "The degree of computer control in our manufacturing and QC allows us to guarantee Grade-A coating quality on one hundred percent of our output. And it is a thick, highly uniform, very tough coating with excellent scratch and mar resistance.'' Greenkote's eco-friendly blank powder coating can apply a variety of colors and finishes to virtually any flat metal part up to 37 by 80 inches in size. The process is well suited to a spectrum of products that require Grade-A, highly-durable finishes — such as appliances, home and industrial HVAC, metal furniture, lighting fixtures, shelving and displays, automotive components, water heaters, signs, architectural elements and more. Because the metal sheets remain flat until the very last manufacturing step, Greenkote's blank powder coating can significantly reduce expenses for shipping, handling and storage — dramatically reducing the warehousing space needed for WIP inventory, for example. Greenkote's 100,000 ft2 Louisville plant runs 24 hours a day, five days a week, and can coat more than 10,000 products per day. The facility also provides up to 40,000 ft2 of space which can be used for managing or warehousing of customer materials or for other production activities. Original Source: Greenkote, LLC, June 10, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © Greenkote, LLC 2015
BioAmber Completes Construction of Succinic Acid Plant in Sarnia BioAmber announced that construction of its 30,000 MT succinic acid plant in
July 2015
FOCUS Sarnia, Ontario is substantially complete. Commissioning is progressing as planned and the plant is on schedule to begin commercial operations in Q3 2015. All piping work has been completed and water tested and all motors have been tested. The production team, analytical staff and engineers have permanently relocated to the plant, and the facility is ready to begin receiving chemicals. The only remaining construction activities involve some instrumentation and control work, insulation of certain pipes, the paving of the site road and parking lot, the removal of scaffolding and the installation of a few wall panels on the exterior of the building. "We are bringing an important chapter in Sarnia's history to a close,'' said Fabrice Orecchioni, BioAmber's Chief Operations Officer. "As we accelerate our commissioning and start up efforts, we put behind us the risk and uncertainty related to the plant's construction costs and schedule, and our focus now turns to achieving commercial operation in the next quarter.'' The control room and laboratories are operational and plant personnel are testing instrument controls in sequence. The next steps will include running initial fermentations and testing the purification equipment to confirm that the plant is producing bio-succinic acid that meets specifications. These activities will be carried out over the next two months. The Company plans to communicate on the outcome of these steps and subsequent milestones as the plant moves toward commercial operation. Original Source: BioAmber, Inc., June 17, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © BioAmber, Inc. 2015
AkzoNobel Publishes Results for 1Q 2015 AkzoNobel reports favourable developments in all 3 business segments in 1Q 2015 despite a difficult market environment. The operating result increased by 42% to EUR 306 M due to efforts in process optimisation, reduced restructuring expenditure and favourable currency exchange rate influences. AkzoNobel achieved a 6% rise in turnover to EUR 3.59 M in 1Q 2015. Profitability increased and the return on turnover improved from 6.4% to 8.5%. The company aims to further improve profitability and reach the targets for 2015. The Decorative Paints Division achieved a rise in profitability and operating result. Turnover by this segment rose by 3% in 2015. However volume sales decreased and the company divested its specialised paint outlets in Germany. Sales of decorative paints increased in Latin America in 1Q but
July 2015
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demand decreased in Europe and Asia during this period. The Performance Coatings Division benefited from reorganisation and simplification of the business structure. Turnover increased due to favourable currency exchange rates and price-mix developments. The operating profit of this segment rose by 35% in 1Q. Sales rose in North America but decreased in other regions. The Specialty Chemicals Division further improved profitability and turnover increased by 6% due to positive currency exchange rates. Sales volumes remained unchanged but varied by regions. Turnover with speciality chemicals in the US developed favourable but growth in China remained lower than expected. Akzo Nobel is on the way to achieving its targets for 2015. Original Source: Farbe und Lack, May 5, 2015, (website: http://www.farbeundlack.de/) © Vincentz Network 2015. (in German)
Axalta at COATech: Presented Wide Portfolio of Products for Coatings Axalta Coating Systems, one of the global providers of liquid and powder coatings, attended the specialized COATech 2015 event in Monterrey, Mexico. Axalta demonstrated its technological advances at COATech, along with its portfolio of products including Alesta thermoplastic and Nap-Gard fusion bonded epoxy thermosetting coatings designed to protect underground and sub-sea oil and gas pipelines from short feeders to transcontinental length. Found on website: http://www.specialchem4coatings.com. Original Source: Axalta, 8 May 2015, Found on SpecialChem Coatings and Inks Formulation, (Website: http://www.specialchem4coatings. com). © Axalta Coatings 2015
Ferro Signs Agreement to Acquire Nubiola Ferro Corp. signed an agreement with the shareholders of Spanish company Nubiola Pigmentos in Barcelona for the acquisition of all shares in Nubiola for EUR 146 M. Nubiola manufactures inorganic pigments and is the world's largest producer of ultramarine blue, a pigment for applications in the plastics and building industries. The product range includes iron oxides, chrome oxide green and corrosion inhibitors. Nubiola Pigmentos achieved a turnover of EUR 106.64 M in 2014 and an average growth rate of 4.1%/y during the last 3 years. The company employs around 750 staff and operates production facilities in Spain, Columbia, Romania, India as well as a joint venture in China. Nubiola distributes its products in more than 85 countries. The acquisition will expand Ferro's market position as a global
C OAT I N G S supplier of colour solutions. In addition to this, the product range and geographical presence will be expanded. Nubiola's largest customer is the plastics industry whereas Ferro's inorganic pigments primarily focus on the coatings industry. Original Source: Farbe und Lack, May 11, 2015, (website: http://www.farbeundlack.de/) © Vincentz Network 2015. (in German)
Asian Paints: Financial Results for the Quarter and Year ended 31 Mar 2015 The audited standalone and unaudited consolidated financial results of Asian Paints for the quarter and year ended 31 Mar 2015, total income from operations amounted to Rup 2886.97 crores, an increase from Rup 2724.04 crores in the same quarter of 2014. Total company expenses amounted to Rup 2441.75 crores, up from Rup 2353.94 crores. Total net profit for the period amounted to Rup 339.82 crores, an increase from Rup 267.07 crores. For segment-wise revenue, the paints segment recorded revenue of Rup 2876.48 crores. The home improvement segment recorded revenue of Rup 28.76 crores. For the standalone results for the year, income from operations amounted to Rup 11,648.83 crores, up from Rup 10,418.78 crores in 2014. Total expenses amounted to Rup 9861.42 crores, an increase from Rup 8853.83 crores. Total net profit for the period amounted to Rup 1327.40 crores, up from Rup 1169.06 crores. For the unaudited consolidated results for the quarter, total income from operations amounted to Rup 3535.03 crores, an increase from Rup 3307.13 crores in the same quarter of 2014. Total company expenses amounted to Rup 3043.01 crores, up from Rup 2884.17 crores. Total net profit for the period amounted to Rup 340.97 crores, an increase from Rup 287.42 crores. For the audited consolidated results for the year, income from operations amounted to Rup 14,182.81 crores, up from Rup 12,714.81 crores in 2014. Total expenses amounted to Rup 12,213.32 crores, an increase from Rup 10,962.58 crores. Total net profit for the period amounted to Rup 1395.15 crores, up from Rup 1218.81 crores. (1 crore =10 M, 1 lakh = 100,000). Original Source: Business Standard, 19 May 2015, 19 (198), I.7 (Website: http://www. business-standard.com). © Business Standard Ltd 2015
Key Topic at European Coatings Show is Costs In Apr 2015, the key topic at the European Coatings Show (ECS) in Nuremberg, Germany, was cost, relating to areas like
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INDUSTRY NEWS PPG to Expand its Coatings Business by Acquiring IVC Industrial Coatings PPG Industries announced that it has reached a definitive agreement to acquire IVC Industrial Coatings, Inc., a U.S.-based specialty powder and liquid coatings manufacturer with 2014 sales of more than USD 100 million. The transaction is expected to close in the third quarter, subject to customary closing conditions. Financial terms were not disclosed. IVC is a privately owned company founded in 1870 as the Indianapolis Varnish Company. The company, based in Brazil, Indiana, focuses on the development, manufacture and sale of powder and liquid coatings for the general industrial segment. Its industry-leading coatings are used on a wide variety of products such as metal office furniture, material handling and storage products, automotive parts, motorcycles, industrial containers, small appliances and electronics such as printers, servers and audio-visual equipment. IVC employs more than 300 people and operates five plants in the U.S. (two in Brazil, Indiana, and one each in Grand Haven, Michigan; Atlanta, Georgia; and Casa Grande, Arizona), one plant in Guangdong, China, and a small development lab in Manchester, England. The company also has operations in Malaysia through a joint venture. "Acquiring IVC, which has a large, global distribution footprint, will strengthen our ability to serve a variety of end-use markets and enhance PPG's supply positions in the U.S. and China,'' said Shelley Bausch, PPG vice president, global industrial coatings. "The addition of IVC's high-quality products and industry expertise will further enhance PPG's ability to deliver a robust portfolio of industryleading industrial coatings solutions.'' Original Source: PPG Industries, 2015. June 11, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © PPG Industries 2015
Powder Coating Institute Appoints Goyer Management to Run Administrative Functions In order to best continue to promote the growth of the powder coating market, the Board of Directors spent a great deal of time evaluating the best way to utilize resources and the synergies of the coatings marketplace as well as the unique capabilities available to our membership.
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As a result of this evaluation, the Board of Directors unanimously has decided to enter into a management agreement with Goyer Management (GMI) beginning July 1, 2015 to run the administrative functions for The Powder Coating Institute. GMI has had a role in the past with PCI as well has run the Chemical Coaters Association (CCAI) and the Industrial Heating Equipment Association (IHEA). Effective July 1, 2015, GMI will take over all of the functions now performed by Dave Lurie and the current PCI staff, including all educational events, programs and the very popular and successful Powder Coated Tough magazine and website. Original Source: The Powder Coating Institute, May 20, 2015 (website: http://www. powdercoating.org) © The Powder Coating Institute 2015
Powder Coating Institute will no Longer Produce Annual Powder Coating Show Nearly 10 years ago, the PCI Board of Directors, acting on input from member companies, agreed it was wise to hold the Coatings/Powder Coating Show every other year, rather than every year. The main reasons driving this were the cost of exhibiting, declining attendance and market innovation timing. In spite of this, the Powder Coating Institute continued to produce the Powder Coating Show annually. In addition, many of the exhibitors at the Powder Coating Show also exhibit at Fabtech's Finishing Pavilion annually. The bottom line is that there are now two shows each year where many PCI members feel compelled to exhibit. The PCI Board of Directors agreed unanimously that the cost of exhibiting at two shows a year is not adding value for their companies, their fellow PCI members, or the industry as a whole. Therefore, the Powder Coating Institute will no longer produce an annual powder coating show and will suggest to its members that they exhibit (if they are not already doing so) in the FABTECH Finishing Pavilion. The Powder Coating Show has provided significant revenue to PCI as part of the many technical services, training and marketing programs offered to its membership making this a particularly difficult decision for the Board. However, looking at the bigger picture and cost burdened by many of our members to participate in multiple shows each year, it is the right decision for both our membership and the Powder Coating market/technology we are directed to promote by our charter. Original Source: The Powder Coating Institute, May 20, 2015 (website: http://www. powdercoating.org) © The Powder Coating Institute 2015
C OAT I N G S Greenkote Announces New Production Capacity for Powder Coatings The Greenkote blank powder coating facility in Louisville, Kentucky, has announced that it is making new production capacity available. Among others, the operation has served one of the nation's largest home appliance manufacturers, and it is now accepting a limited number of volume production orders from product manufacturers. The Louisville facility was specifically designed for powder coating metal "blanks.'' In this special process, flat metal sheets are punched, notched and cut to the appropriate two-dimensional shape before being sent to Greenkote for powder coating. After coating, the flat parts are returned to the OEM where they are subsequently formed into threedimensional final-product shapes. "The Louisville plant was custom-built to be state-of-the-art and is almost totally automated,'' said Greenkote CEO Mark Gore. "The degree of computer control in our manufacturing and QC allows us to guarantee Grade-A coating quality on one hundred percent of our output. And it is a thick, highly uniform, very tough coating with excellent scratch and mar resistance.'' Greenkote's eco-friendly blank powder coating can apply a variety of colors and finishes to virtually any flat metal part up to 37 by 80 inches in size. The process is well suited to a spectrum of products that require Grade-A, highly-durable finishes — such as appliances, home and industrial HVAC, metal furniture, lighting fixtures, shelving and displays, automotive components, water heaters, signs, architectural elements and more. Because the metal sheets remain flat until the very last manufacturing step, Greenkote's blank powder coating can significantly reduce expenses for shipping, handling and storage — dramatically reducing the warehousing space needed for WIP inventory, for example. Greenkote's 100,000 ft2 Louisville plant runs 24 hours a day, five days a week, and can coat more than 10,000 products per day. The facility also provides up to 40,000 ft2 of space which can be used for managing or warehousing of customer materials or for other production activities. Original Source: Greenkote, LLC, June 10, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © Greenkote, LLC 2015
BioAmber Completes Construction of Succinic Acid Plant in Sarnia BioAmber announced that construction of its 30,000 MT succinic acid plant in
July 2015
FOCUS Sarnia, Ontario is substantially complete. Commissioning is progressing as planned and the plant is on schedule to begin commercial operations in Q3 2015. All piping work has been completed and water tested and all motors have been tested. The production team, analytical staff and engineers have permanently relocated to the plant, and the facility is ready to begin receiving chemicals. The only remaining construction activities involve some instrumentation and control work, insulation of certain pipes, the paving of the site road and parking lot, the removal of scaffolding and the installation of a few wall panels on the exterior of the building. "We are bringing an important chapter in Sarnia's history to a close,'' said Fabrice Orecchioni, BioAmber's Chief Operations Officer. "As we accelerate our commissioning and start up efforts, we put behind us the risk and uncertainty related to the plant's construction costs and schedule, and our focus now turns to achieving commercial operation in the next quarter.'' The control room and laboratories are operational and plant personnel are testing instrument controls in sequence. The next steps will include running initial fermentations and testing the purification equipment to confirm that the plant is producing bio-succinic acid that meets specifications. These activities will be carried out over the next two months. The Company plans to communicate on the outcome of these steps and subsequent milestones as the plant moves toward commercial operation. Original Source: BioAmber, Inc., June 17, 2015, found on SpecialChem Coatings and Inks Formulation, (website: http://www. specialchem4coatings.com) © BioAmber, Inc. 2015
AkzoNobel Publishes Results for 1Q 2015 AkzoNobel reports favourable developments in all 3 business segments in 1Q 2015 despite a difficult market environment. The operating result increased by 42% to EUR 306 M due to efforts in process optimisation, reduced restructuring expenditure and favourable currency exchange rate influences. AkzoNobel achieved a 6% rise in turnover to EUR 3.59 M in 1Q 2015. Profitability increased and the return on turnover improved from 6.4% to 8.5%. The company aims to further improve profitability and reach the targets for 2015. The Decorative Paints Division achieved a rise in profitability and operating result. Turnover by this segment rose by 3% in 2015. However volume sales decreased and the company divested its specialised paint outlets in Germany. Sales of decorative paints increased in Latin America in 1Q but
July 2015
ON
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demand decreased in Europe and Asia during this period. The Performance Coatings Division benefited from reorganisation and simplification of the business structure. Turnover increased due to favourable currency exchange rates and price-mix developments. The operating profit of this segment rose by 35% in 1Q. Sales rose in North America but decreased in other regions. The Specialty Chemicals Division further improved profitability and turnover increased by 6% due to positive currency exchange rates. Sales volumes remained unchanged but varied by regions. Turnover with speciality chemicals in the US developed favourable but growth in China remained lower than expected. Akzo Nobel is on the way to achieving its targets for 2015. Original Source: Farbe und Lack, May 5, 2015, (website: http://www.farbeundlack.de/) © Vincentz Network 2015. (in German)
Axalta at COATech: Presented Wide Portfolio of Products for Coatings Axalta Coating Systems, one of the global providers of liquid and powder coatings, attended the specialized COATech 2015 event in Monterrey, Mexico. Axalta demonstrated its technological advances at COATech, along with its portfolio of products including Alesta thermoplastic and Nap-Gard fusion bonded epoxy thermosetting coatings designed to protect underground and sub-sea oil and gas pipelines from short feeders to transcontinental length. Found on website: http://www.specialchem4coatings.com. Original Source: Axalta, 8 May 2015, Found on SpecialChem Coatings and Inks Formulation, (Website: http://www.specialchem4coatings. com). © Axalta Coatings 2015
Ferro Signs Agreement to Acquire Nubiola Ferro Corp. signed an agreement with the shareholders of Spanish company Nubiola Pigmentos in Barcelona for the acquisition of all shares in Nubiola for EUR 146 M. Nubiola manufactures inorganic pigments and is the world's largest producer of ultramarine blue, a pigment for applications in the plastics and building industries. The product range includes iron oxides, chrome oxide green and corrosion inhibitors. Nubiola Pigmentos achieved a turnover of EUR 106.64 M in 2014 and an average growth rate of 4.1%/y during the last 3 years. The company employs around 750 staff and operates production facilities in Spain, Columbia, Romania, India as well as a joint venture in China. Nubiola distributes its products in more than 85 countries. The acquisition will expand Ferro's market position as a global
C OAT I N G S supplier of colour solutions. In addition to this, the product range and geographical presence will be expanded. Nubiola's largest customer is the plastics industry whereas Ferro's inorganic pigments primarily focus on the coatings industry. Original Source: Farbe und Lack, May 11, 2015, (website: http://www.farbeundlack.de/) © Vincentz Network 2015. (in German)
Asian Paints: Financial Results for the Quarter and Year ended 31 Mar 2015 The audited standalone and unaudited consolidated financial results of Asian Paints for the quarter and year ended 31 Mar 2015, total income from operations amounted to Rup 2886.97 crores, an increase from Rup 2724.04 crores in the same quarter of 2014. Total company expenses amounted to Rup 2441.75 crores, up from Rup 2353.94 crores. Total net profit for the period amounted to Rup 339.82 crores, an increase from Rup 267.07 crores. For segment-wise revenue, the paints segment recorded revenue of Rup 2876.48 crores. The home improvement segment recorded revenue of Rup 28.76 crores. For the standalone results for the year, income from operations amounted to Rup 11,648.83 crores, up from Rup 10,418.78 crores in 2014. Total expenses amounted to Rup 9861.42 crores, an increase from Rup 8853.83 crores. Total net profit for the period amounted to Rup 1327.40 crores, up from Rup 1169.06 crores. For the unaudited consolidated results for the quarter, total income from operations amounted to Rup 3535.03 crores, an increase from Rup 3307.13 crores in the same quarter of 2014. Total company expenses amounted to Rup 3043.01 crores, up from Rup 2884.17 crores. Total net profit for the period amounted to Rup 340.97 crores, an increase from Rup 287.42 crores. For the audited consolidated results for the year, income from operations amounted to Rup 14,182.81 crores, up from Rup 12,714.81 crores in 2014. Total expenses amounted to Rup 12,213.32 crores, an increase from Rup 10,962.58 crores. Total net profit for the period amounted to Rup 1395.15 crores, up from Rup 1218.81 crores. (1 crore =10 M, 1 lakh = 100,000). Original Source: Business Standard, 19 May 2015, 19 (198), I.7 (Website: http://www. business-standard.com). © Business Standard Ltd 2015
Key Topic at European Coatings Show is Costs In Apr 2015, the key topic at the European Coatings Show (ECS) in Nuremberg, Germany, was cost, relating to areas like
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