- Email: [email protected]
PCI Scholarship
FOCUS Nordson and the Powder Coating Institute Award the 2017 Nordson BUILDS/PCI Scholarship Nordson Corporation, in partnership with the Powder Coating Institute (PCI), recently awarded a $5,000 Nordson BUILDS/PCI Scholarship to college student Benjamin Whipker, who attends the Rochester Institute of Technology. Whipker is studying electrical mechanical engineering technology. The Nordson BUILDS/PCI Scholarship is a merit-based scholarship, administered by PCI. The scholarship is intended to put awareness back on the importance of American manufacturing, with the goal of introducing young minds to the world of powder coatings. Students must be seeking degrees in engineering or business to qualify, and demonstrate an interest in powder coatings. “We want students to be cognizant of the powder coating industry and to realize there are great careers to be had in the U.S. manufacturing sector,” explains Dan Thompson, director of sales, Nordson Corporation. “Ben is ambitious and deserving, and represents the future of continued manufacturing growth in the U.S. We were excited to select him as the Nordson BUILDS/PCI Scholarship award winner.” Whipke received the award during a ceremony at Nordson’s Amherst campus on August 31, 2017.
Original Source: Powder Coated Tough, 7-Sep-2017, (Website: https://www. powdercoatedtough.com), Copyright Powder Coated Tough.
Jotun Group Partners with Datacolor for Fast and Accurate Color Formulation Datacolor1, a leader in color management solutions and color communication technology, will provide color matching solutions to Jotun’s 38 production facilities worldwide. Jotun Group’s products are held to the highest standards and this starts with the color formulation. It is critical for Jotun that its new formulation software delivers fast and accurate color matching, minimizes batch corrections, and is also backwards compatible with its existing instruments. To ensure consistency and streamline the color process, Jotun also requires a centralized solution that will enable all sites to use the same database. “Datacolor was superior in current available functionality of Match Pigment software and superior in responses to Jotun’s specific requirements,” said Sebastian Schäfer, Jotun Project Manager Color Matching. “After three years of deep technical evaluation, we can say that Datacolor is offering the best software and instruments for our needs. Besides, Datacolor provides an excellent worldwide support and has proven to be a reliable partner.” Key benefits Jotun is able to realize with the Match Pigment software include excellent correction results (also with Jotun
October 2017
ON
POWDER
legacy databases), improved efficiency with centralized color management, and streamlined production with one complete solution for every step of the color process. “We provide color-matching services to many decorative paint manufacturers where time and matching quality is crucial,” said Rik Mertens, Global Application Manager, Datacolor. “We worked very close with the R&D department of Jotun to make sure the new functionality was meeting their needs. Datacolor color matching algorithms provided reliable prediction of difficult shades, resulting in formulas with small color differences (Delta E), low metamerism and correct contrast ratio values.”
Original Source: Paint & Coatings Industry, 5-Sep-2017 (Website: http://www.pcimag. com), Copyright BNP Media 2017.
GreenCentre & Lorama Partner to commercialize eco-friendly paint technology GreenCentre Canada and Lorama Group has announced an agreement to jointly commercialize a powerful new environmentally friendly paint technology. Under this agreement, GreenCentre and Lorama will jointly introduce this new technology to the global paint and coatings industry.
Original Source: GreenCentre, 2017. Found on SpecialChem Coatings and Inks Formulation, 16-Sep-2017, (Website: http://www. specialchem4coatings.com) Copyright GreenCentre 2017.
PPG directors approve 13% dividend increase to 45 cents/share The board of directors of PPG approved on 20 Jul 2017 a 5 cents/share increase in the company’s dividend, declaring a regular quarterly dividend of 45 cents/share, payable 12 Sep 2017 to shareholders of record 10 Aug 2017. PPG’s last quarterly dividend increase was 11%, in 2Q 2016. PPG’s prior quarterly dividend was 40 cents/share.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG reports 2Q 2017 financial results: key figures PPG reported on 20 Jul 2017 its 2Q 2017 net sales of $3.8 bn, up about 1% versus the prior year. Net sales in local currencies grew nearly 2% year-over-year, aided by acquisitions. Unfavorable foreign currency translation impacted net sales by nearly 2%, or about $65 M. Net income from continuing operations in 2Q 2017 was $504 M, or $1.95/diluted share. Adjusted net income from continuing operations in 2Q 2017 was $472 M, or $1.83/diluted share. The effective tax rate for the quarter was 24.1%, and the adjusted effective tax rate for the quarter was 24.6%. Corporate costs were $27 M, down $33 M year-over-year primarily due to
COATINGS lower incentive-related compensation expense. Legacy income was $5 M versus a $10 M expense in the previous year due to lower post-employment benefit expense, higher equity affiliate income, and the absence of Pittsburgh Corning asbestosrelated costs as a result of the final settlement of that obligation in the prior-year quarter.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG reports 2Q 2017 financial results: Industrial Coatings PPG’s Industrial Coatings segment 2Q 2017 net sales were $1.51 bn, up $61 M, or more than 4%, versus the prior-year period. Sales volumes increased by about 3% and acquisition-related sales added approximately $65 M, or about 4%, versus the prior year. Selling prices were modestly lower year-overyear despite the effect of initial selling price actions to address raw material cost inflation. Unfavourable foreign currency translation of nearly 2% reduced net sales by about $25 M. Automotive original equipment manufacturer (OEM) coatings sales volumes increased by a low-single-digit percentage year-over-year, and exceeded global auto industry production rates which declined slightly versus the prior year. Aggregate industrial coatings and specialty coatings and materials sales volumes increased by a mid-single-digit percentage versus the prior year and outpaced global industrial production growth rates for the sixth consecutive quarter, as higher sales volumes were achieved in each major region and in many end-use markets. Packaging coatings sales volumes were flat year-over-year, reflecting a comparison to strong high single-digit percentage growth in the prior-year period. Segment income for 2Q 2017 was $264 M, down $28 M, or about 10%, yearover-year. Segment income benefited from the impact of higher sales volumes, strong cost management, including the benefits from business restructuring actions, and acquisitionrelated income and related synergies. These improvements were more than offset by increased raw material costs and lower selling prices. Unfavourable foreign currency translation reduced segment income by $5 M.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG completes facility in Russia PPG started commercial operation at its $49 M paint and coatings production plant in the Lipetsk region of Russia on 16 Jun 2017. The facility will manufacture around 6.6 M gals of coatings at 100% capacity and will create around 200 job opportunities. It also consists of technical labs and administrative offices.
Original Source: Paint & Coatings Industry, Aug 2017, 33 (8), 19, (Website: http://www. pcimag.com), Copyright BNP Media 2017.
3
Original Source: Powder Coated Tough, 7-Sep-2017, (Website: https://www. powdercoatedtough.com), Copyright Powder Coated Tough.
Jotun Group Partners with Datacolor for Fast and Accurate Color Formulation Datacolor1, a leader in color management solutions and color communication technology, will provide color matching solutions to Jotun’s 38 production facilities worldwide. Jotun Group’s products are held to the highest standards and this starts with the color formulation. It is critical for Jotun that its new formulation software delivers fast and accurate color matching, minimizes batch corrections, and is also backwards compatible with its existing instruments. To ensure consistency and streamline the color process, Jotun also requires a centralized solution that will enable all sites to use the same database. “Datacolor was superior in current available functionality of Match Pigment software and superior in responses to Jotun’s specific requirements,” said Sebastian Schäfer, Jotun Project Manager Color Matching. “After three years of deep technical evaluation, we can say that Datacolor is offering the best software and instruments for our needs. Besides, Datacolor provides an excellent worldwide support and has proven to be a reliable partner.” Key benefits Jotun is able to realize with the Match Pigment software include excellent correction results (also with Jotun
October 2017
ON
POWDER
legacy databases), improved efficiency with centralized color management, and streamlined production with one complete solution for every step of the color process. “We provide color-matching services to many decorative paint manufacturers where time and matching quality is crucial,” said Rik Mertens, Global Application Manager, Datacolor. “We worked very close with the R&D department of Jotun to make sure the new functionality was meeting their needs. Datacolor color matching algorithms provided reliable prediction of difficult shades, resulting in formulas with small color differences (Delta E), low metamerism and correct contrast ratio values.”
Original Source: Paint & Coatings Industry, 5-Sep-2017 (Website: http://www.pcimag. com), Copyright BNP Media 2017.
GreenCentre & Lorama Partner to commercialize eco-friendly paint technology GreenCentre Canada and Lorama Group has announced an agreement to jointly commercialize a powerful new environmentally friendly paint technology. Under this agreement, GreenCentre and Lorama will jointly introduce this new technology to the global paint and coatings industry.
Original Source: GreenCentre, 2017. Found on SpecialChem Coatings and Inks Formulation, 16-Sep-2017, (Website: http://www. specialchem4coatings.com) Copyright GreenCentre 2017.
PPG directors approve 13% dividend increase to 45 cents/share The board of directors of PPG approved on 20 Jul 2017 a 5 cents/share increase in the company’s dividend, declaring a regular quarterly dividend of 45 cents/share, payable 12 Sep 2017 to shareholders of record 10 Aug 2017. PPG’s last quarterly dividend increase was 11%, in 2Q 2016. PPG’s prior quarterly dividend was 40 cents/share.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG reports 2Q 2017 financial results: key figures PPG reported on 20 Jul 2017 its 2Q 2017 net sales of $3.8 bn, up about 1% versus the prior year. Net sales in local currencies grew nearly 2% year-over-year, aided by acquisitions. Unfavorable foreign currency translation impacted net sales by nearly 2%, or about $65 M. Net income from continuing operations in 2Q 2017 was $504 M, or $1.95/diluted share. Adjusted net income from continuing operations in 2Q 2017 was $472 M, or $1.83/diluted share. The effective tax rate for the quarter was 24.1%, and the adjusted effective tax rate for the quarter was 24.6%. Corporate costs were $27 M, down $33 M year-over-year primarily due to
COATINGS lower incentive-related compensation expense. Legacy income was $5 M versus a $10 M expense in the previous year due to lower post-employment benefit expense, higher equity affiliate income, and the absence of Pittsburgh Corning asbestosrelated costs as a result of the final settlement of that obligation in the prior-year quarter.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG reports 2Q 2017 financial results: Industrial Coatings PPG’s Industrial Coatings segment 2Q 2017 net sales were $1.51 bn, up $61 M, or more than 4%, versus the prior-year period. Sales volumes increased by about 3% and acquisition-related sales added approximately $65 M, or about 4%, versus the prior year. Selling prices were modestly lower year-overyear despite the effect of initial selling price actions to address raw material cost inflation. Unfavourable foreign currency translation of nearly 2% reduced net sales by about $25 M. Automotive original equipment manufacturer (OEM) coatings sales volumes increased by a low-single-digit percentage year-over-year, and exceeded global auto industry production rates which declined slightly versus the prior year. Aggregate industrial coatings and specialty coatings and materials sales volumes increased by a mid-single-digit percentage versus the prior year and outpaced global industrial production growth rates for the sixth consecutive quarter, as higher sales volumes were achieved in each major region and in many end-use markets. Packaging coatings sales volumes were flat year-over-year, reflecting a comparison to strong high single-digit percentage growth in the prior-year period. Segment income for 2Q 2017 was $264 M, down $28 M, or about 10%, yearover-year. Segment income benefited from the impact of higher sales volumes, strong cost management, including the benefits from business restructuring actions, and acquisitionrelated income and related synergies. These improvements were more than offset by increased raw material costs and lower selling prices. Unfavourable foreign currency translation reduced segment income by $5 M.
Original source: PPG Industries, 20 Jul 2017, (Website: http://www.ppg.com/), Copyright PPG Industries 2017.
PPG completes facility in Russia PPG started commercial operation at its $49 M paint and coatings production plant in the Lipetsk region of Russia on 16 Jun 2017. The facility will manufacture around 6.6 M gals of coatings at 100% capacity and will create around 200 job opportunities. It also consists of technical labs and administrative offices.
Original Source: Paint & Coatings Industry, Aug 2017, 33 (8), 19, (Website: http://www. pcimag.com), Copyright BNP Media 2017.
3