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Teknos Opens its Largest Plant in Russia
FOCUS recommendation of "Buy'' from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $34.00. Axalta Coating Systems (NASDAQ:AXTA) traded down 0.28% on Friday, hitting $32.55. The stock had a trading volume of 912,973 shares. Axalta Coating Systems has a 52week low of $20.11 and a 52-week high of $36.50. The stock's 50-day moving average is $34.60 and its 200-day moving average is $29.76. The company has a market cap of $7.48 billion and a price-to-earnings ratio of 97.75. Axalta Coating Systems (NASDAQ:AXTA) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.19 earnings per share for the quarter, beating the analysts' consensus estimate of $0.15 by $0.04. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1,000.00 million. On average, analysts predict that Axalta Coating Systems will post $1.13 earnings per share for the current fiscal year. In other Axalta Coating Systems news, CEO Charles W. Shaver sold 50,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $34.36, for a total transaction of $1,718,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Robert W. Bryant sold 388,040 shares of Axalta Coating Systems stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $32.40, for a total value of $12,572,496.00. The disclosure for this sale can be found here. AXTA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Axalta Coating Systems from a "hold'' rating to a "buy'' rating and set a $37.00 price target on the stock in a research note on Wednesday. Analysts at Citigroup Inc. reiterated a "buy'' rating on shares of Axalta Coating Systems in a research note on Wednesday, May 20th. Analysts at Barclays raised their price target on shares of Axalta Coating Systems from $32.00 to $36.00 and gave the company an "equal weight'' rating in a research note on Monday, May 11th. Analysts at Robert W. Baird reiterated an "outperform'' rating and set a $38.00 price target (up previously from $33.00) on shares of Axalta Coating Systems in a research note on Sunday, May 10th. Finally, analysts at Deutsche Bank raised their price target on shares of Axalta Coating Systems from $32.00 to $36.00 and gave the company a "buy'' rating in a research note on Thursday, May 7th. Original Source: WKRB News, July 2, 2015, (Website: www.wkrb13.com/markets) © WKRB News 2006–2015
August 2015
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Imerys Signs Agreement with Solvay to Acquire its PCC Business for Paints and Coatings Following binding offer, Imerys has entered into exclusive negotiations with Solvay to acquire its PCC (precipitated calcium carbonates) division comprising 4 plants in Europe (Germany, Austria, France and the United Kingdom). This business serves mainly the automotive (polymers, etc.), building (paints, coatings, sealants) and consumer goods markets (health & beauty, etc.) through specialty applications. It generated €59 million revenue in 2014. The conclusion of this operation is subject to prior consultation with employee representatives and approval by the relevant regulatory authorities. Its completion should become effective during the second half of 2015. Original Source: SpecialChem Coatings and Inks Formulation, July 9, 2015, (Website: http://www. specialchem4coatings.com) © SpecialChem 2015
Cerakote® Ceramic & Prismatic Powders® Enter Distribution Partnership with Suzutomo Cerakote® Ceramic Coatings and Prismatic Powders® announced a new distributor partnership with Suzutomo Co. Ltd., located in Tokyo, Japan. Tosh Suzuki, President of Suzutomo, recently attended the specialized hands-on Cerakote® training program to become Cerakote® Factory Trained and Certified. He also learned custom powder coating techniques to expand powder coating color options throughout markets in Japan. Suzutomo Co. Ltd. will be the official Cerakote® and Prismatic Powders® distributor for all of Japan and will specialize in providing Cerakote® ceramic and clear coatings along with Prismatic Powders® custom powder coating to industrial, automotive, off-road, firearm, and high temperature coating markets. Suzutomo Co. Ltd. was incepted in 1925 as Suzuki Metal Plating and later incorporated in 1977 and offers a variety of services including metal plating and surfacing. As Suzutomo continued to grow, they recognized the need for a thin-film, high corrosion and abrasion resistant coating. These needs were met with the introduction of Cerakote® to their manufacturing and coating capabilities. Suzutomo also saw the need for complete color customization of automotive parts such as wheels and suspension components and discovered that Prismatic Powders® offers over 6,500 powder coating color options, including an array of metallics, two-coats, and top coats. Prior to the distribution agreement, Suzutomo Co. Ltd. began applying Cerakote® products in 2012 to a number of manufacturing companies in Japan, specifically air-soft and eyewear companies such as Marui and ESS Japan. The successes of these partnerships led to the developed relationship with Cerakote® and Prismatic Powders® and the need for a Japanese Distributor became apparent. Suzutomo Co. Ltd. is looking forward to continued successes with the application of Cerakote® Ceramic Coatings, Cerakote® Clear
C OAT I N G S Coatings and Prismatic Powders'® thousands of custom powder coating colors. Original Source: SpecialChem Coatings and Inks Formulation. July 13, 2015, (Website: http://www. specialchem4coatings.com) © SpecialChem 2015
Teknos Opens its Largest Plant in Russia Coatings company Teknos has launched its largest Russian facility in the Maryino industrial park. The plant, which cost more than €17 M, is expected to run at 100% capacity and produce up to 10 M L of liquid paint and 2000 tonnes of industrial-grade powder coatings by 2018. The facilities of LLC Teknos Deco and LLC Teknos Ohtec, which are currently located in other St Petersburg and Leningrad Oblast sites, will be transferred to the Maryino industrial park site by end-2015. The firm's CEO estimated the current liquid coatings market capacity at more than 1 bn L/y, of which 30% are used to support industrial coatings demand and 20% for semi-finished varnishes demand. By 2018, the company targets increasing its market share in industrial powdered coatings from 10% to 15% and in liquid industrial coatings from 5% to 10%. Original Source: RCCnews, 11 Jun 2015 (Website: http://www.rccnews.ru/Eng) (in English) © RCCnews.ru 2015
Axalta Expands Supply Capability for Powder Coating in Southern California Axalta Coating Systems, one of the leading global suppliers of liquid and powder coatings, has announced the expansion of its powder supply capabilities in the Southern California region. Axalta's new local delivery service provides daily deliveries expanding as far north as Oxnard, CA and as far south as Fontana, CA. This new service will focus on increasing the powder coating offerings - like its Alesta, Nap-Gard, and Abcite brands - that are available in areas with a higher Axalta customer population. The new delivery offering is designed to help ensure that customers receive the products they need faster and more effectively. Axalta's dedicated truck services a 50-mi radius consisting of four routes in the Los Angeles, Orange County, and Inland Empire areas. Using a climate controlled, 26-ft refrigerated, Axalta branded truck, this additional offering is intended to help Axalta increase its customer support on the west coast. In addition to the delivery service, a new full service public warehouse has been established in Commerce, CA that includes added storage, order processing and inventory control services. Original Source: Axalta, 2015. SpecialChem Coatings and Inks Formulation, (Website: http:// www.specialchem4coatings.com) © Axalta 2015
AkzoNobel to Build High Performance Coatings Facility in Thailand AkzoNobel plans to invest more than €30 M in a new production facility for high performance coatings in Thailand. The project is supported by the Thailand Board of Investment and
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August 2015
ON
POWDER
Imerys Signs Agreement with Solvay to Acquire its PCC Business for Paints and Coatings Following binding offer, Imerys has entered into exclusive negotiations with Solvay to acquire its PCC (precipitated calcium carbonates) division comprising 4 plants in Europe (Germany, Austria, France and the United Kingdom). This business serves mainly the automotive (polymers, etc.), building (paints, coatings, sealants) and consumer goods markets (health & beauty, etc.) through specialty applications. It generated €59 million revenue in 2014. The conclusion of this operation is subject to prior consultation with employee representatives and approval by the relevant regulatory authorities. Its completion should become effective during the second half of 2015. Original Source: SpecialChem Coatings and Inks Formulation, July 9, 2015, (Website: http://www. specialchem4coatings.com) © SpecialChem 2015
Cerakote® Ceramic & Prismatic Powders® Enter Distribution Partnership with Suzutomo Cerakote® Ceramic Coatings and Prismatic Powders® announced a new distributor partnership with Suzutomo Co. Ltd., located in Tokyo, Japan. Tosh Suzuki, President of Suzutomo, recently attended the specialized hands-on Cerakote® training program to become Cerakote® Factory Trained and Certified. He also learned custom powder coating techniques to expand powder coating color options throughout markets in Japan. Suzutomo Co. Ltd. will be the official Cerakote® and Prismatic Powders® distributor for all of Japan and will specialize in providing Cerakote® ceramic and clear coatings along with Prismatic Powders® custom powder coating to industrial, automotive, off-road, firearm, and high temperature coating markets. Suzutomo Co. Ltd. was incepted in 1925 as Suzuki Metal Plating and later incorporated in 1977 and offers a variety of services including metal plating and surfacing. As Suzutomo continued to grow, they recognized the need for a thin-film, high corrosion and abrasion resistant coating. These needs were met with the introduction of Cerakote® to their manufacturing and coating capabilities. Suzutomo also saw the need for complete color customization of automotive parts such as wheels and suspension components and discovered that Prismatic Powders® offers over 6,500 powder coating color options, including an array of metallics, two-coats, and top coats. Prior to the distribution agreement, Suzutomo Co. Ltd. began applying Cerakote® products in 2012 to a number of manufacturing companies in Japan, specifically air-soft and eyewear companies such as Marui and ESS Japan. The successes of these partnerships led to the developed relationship with Cerakote® and Prismatic Powders® and the need for a Japanese Distributor became apparent. Suzutomo Co. Ltd. is looking forward to continued successes with the application of Cerakote® Ceramic Coatings, Cerakote® Clear
C OAT I N G S Coatings and Prismatic Powders'® thousands of custom powder coating colors. Original Source: SpecialChem Coatings and Inks Formulation. July 13, 2015, (Website: http://www. specialchem4coatings.com) © SpecialChem 2015
Teknos Opens its Largest Plant in Russia Coatings company Teknos has launched its largest Russian facility in the Maryino industrial park. The plant, which cost more than €17 M, is expected to run at 100% capacity and produce up to 10 M L of liquid paint and 2000 tonnes of industrial-grade powder coatings by 2018. The facilities of LLC Teknos Deco and LLC Teknos Ohtec, which are currently located in other St Petersburg and Leningrad Oblast sites, will be transferred to the Maryino industrial park site by end-2015. The firm's CEO estimated the current liquid coatings market capacity at more than 1 bn L/y, of which 30% are used to support industrial coatings demand and 20% for semi-finished varnishes demand. By 2018, the company targets increasing its market share in industrial powdered coatings from 10% to 15% and in liquid industrial coatings from 5% to 10%. Original Source: RCCnews, 11 Jun 2015 (Website: http://www.rccnews.ru/Eng) (in English) © RCCnews.ru 2015
Axalta Expands Supply Capability for Powder Coating in Southern California Axalta Coating Systems, one of the leading global suppliers of liquid and powder coatings, has announced the expansion of its powder supply capabilities in the Southern California region. Axalta's new local delivery service provides daily deliveries expanding as far north as Oxnard, CA and as far south as Fontana, CA. This new service will focus on increasing the powder coating offerings - like its Alesta, Nap-Gard, and Abcite brands - that are available in areas with a higher Axalta customer population. The new delivery offering is designed to help ensure that customers receive the products they need faster and more effectively. Axalta's dedicated truck services a 50-mi radius consisting of four routes in the Los Angeles, Orange County, and Inland Empire areas. Using a climate controlled, 26-ft refrigerated, Axalta branded truck, this additional offering is intended to help Axalta increase its customer support on the west coast. In addition to the delivery service, a new full service public warehouse has been established in Commerce, CA that includes added storage, order processing and inventory control services. Original Source: Axalta, 2015. SpecialChem Coatings and Inks Formulation, (Website: http:// www.specialchem4coatings.com) © Axalta 2015
AkzoNobel to Build High Performance Coatings Facility in Thailand AkzoNobel plans to invest more than €30 M in a new production facility for high performance coatings in Thailand. The project is supported by the Thailand Board of Investment and
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