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AkzoNobel India Limited: financial results for the quarter and half year ended 30 Sep 2016
FOCUS PPG reports 3Q 2016 financial results: key figures PPG has reported 3Q 2016 net sales of $3.8 bn, up almost 2% versus the prior-year figure of $3.7 bn. Sales volumes grew 1.6% and acquisition-related sales contributed more than 2%, partly offset by a slight decline in selling prices. Unfavourable foreign currency translation impacted net sales by nearly 2% (about $65 M). Net loss from continuing operations was $201 M ($0.75/share). Adjusted net income from continuing operations was $415 M ($1.56/share). Adjusted net income excludes an after-tax charge totalling $616 M ($2.31/share) for previously disclosed pension settlement charges. The effective tax rate was 52.5% for 3Q 2016 and the adjusted effective tax rate was 24.4%. Net income and earnings per diluted share from continuing operations were $415 M and $1.52, respectively. Adjusted net income was $421 M ($1.54/diluted share), including after-tax charges for pension settlement and transaction-related costs totalling $6 M ($0.02/diluted share). The effective and adjusted tax rates were 24.0% for 3Q 2015.
Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
PPG reports 3Q 2016 financial results: Performance Coatings For PPG's Performance Coatings segment, in 3Q 2016, net sales were $2223 M versus $2240 M in 3Q 2015. Income was $368 M versus $379 M in 3Q 2015.
Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
PPG reports 3Q 2016 financial results: Industrial Coating For PPG's Industrial Coatings segment, in 3Q 2016, net sales were $1437 M versus $1354 M in 3Q 2015. Income was $249 M versus $241 M in 3Q 2015.
Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
AkzoNobel publishes 3Q 2016 results: key figures AkzoNobel published its financial results for 3Q 2016. Revenue dropped by 4% to €3600 M in 3Q 2016 from €3760 M in 3Q 2015. Operating income increased by 4% to €454 M from €436 M. EBIT increased by 1% to €442 M from €436 M. Return on sales stood at 12.3%. Net income attributable to shareholders stayed at €285 M. Revenue for the nine months ended Sep 2016 dropped by 5% to €10,741 M from €11,300 M for the nine months ended Sep 2015. Operating income increased by 6% to
December 2016
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€1302 M from €1228 M. EBIT increased by 6% to €1267 M from €1194 M. Return on sales stood at 11.8%. Net income attributable increased by 8% to €837 M from €776 M.
Original source: AkzoNobel, 19 Oct 2016, (AkzoNobel, website: http://www.akzonobel. com), Copyright AkzoNobel NV 2016
AkzoNobel publishes 3Q 2016 results: Performance Coatings AkzoNobel's Performance Coatings revenue for 3Q 2016 dropped by 6% to €1406 M from €1493 M in 3Q 2015. Operating income dropped by 9% to €192 M from €210 M. EBIT dropped by 5% to €199 M from €210 M. For year-to-date Sep 2016, revenue dropped by €4267 M from €4473 M in year-to-date Sep 2015. Operating income remained at €600 M. EBIT increased by 1% to €607 M from €600 M.
Original source: AkzoNobel, 19 Oct 2016, (AkzoNobel, website: http://www.akzonobel. com), Copyright AkzoNobel NV 2016
AkzoNobel India Limited: financial results for the quarter and half year ended 30 Sep 2016 A table shows the extract of financial results of AkzoNobel India Limited for the quarter and half year ended 30 Sep 2016. For the quarter, total income from operations amounted to Rup 7606.9 M, an increase from Rup 7112.9 M in the same quarter of 2015. Net profit after tax (after extraordinary items) amounted to Rup 415.9 M, up from Rup 351.1 M. For the half year, total income from operations amounted to Rup 15,398.4 M. Net profit after tax (after extraordinary items) amounted to Rup 1058.5 M.
Original Source: Business Standard, 22 Oct 2016, 4 (12), I.17 (Website: http://www. business-standard.com), Copyright Business Standard Ltd 2016
Sherwin-Williams’ Connor to Retire After a 34 year run with The Sherwin-Williams Company, Executive Chairman Christopher M. Connor will retire Dec. 31, the company announced Monday November 7. As his successor, the Board of Directors has elected John G. Morikis, president and chief executive officer, to assume the additional role of chairman following Connor's departure, the announcement said. The transition will be effective Jan. 1, 2017. Morikis succeeded Connor in the role of president and CEO Jan. 1, 2016. Morikis had served as the coating giant's chief operating officer for nine years and held many other key leadership positions during his 32 years with the company.
Original Source: Durability & Design, 9-Nov2016, (Website: http://www. durabilityanddesign.com/), Copyright Technology Publishing Co. 2016
C OAT I N G S ALTANA division to build new laboratory Coatings and adhesives company ACTEGA Rhenania GmbH, which is under ALTANA, is spending about €10 M for the construction of a new lab building in Grevenbroich, Germany. The 5700 sq m building will be bigger compared to the combined two current laboratories at the site. It will house R&D, quality control, and service activities. The new building will combine a customer technology centre into the new space. It will consist of several manufacturing plants in miniature format, allowing ACTEGA to comprehend the production processes and specific requirements of customers better than purely under lab settings. The move to the new facility is scheduled for mid-2017.
Original Source: Paint & Coatings Industry, Oct 2016, 32 (10), 14 (Website: http://www. pcimag.com), Copyright BNP Media 2016
Devine Chemicals expands product range Under an agreement, Taiwan-based Ming-Zu Chemical Industry Ltd's range of high-grade liquid and powder metal complex dyes are being stocked, distributed and promoted by Englandbased Devine Chemicals Ltd to serve rising ecofriendly products demand in the UK. The products are distributed to the agrochemicals, building and construction, coatings, inks and plastics markets.
Original Source: Paint & Coatings Industry, Oct 2016, 32 (10), 14,16 (Website: http:// www.pcimag.com), Copyright BNP Media 2016
Axalta Celebrates Opening of Powder Coating Learning and Development Center Axalta Coating Systems celebrated the Grand Opening of its first-in-the-industry Powder Coating Learning and Development Center. Situated adjacent to Axalta's powder manufacturing headquarters in Houston, Texas, the facility serves Axalta's customers as well as those interested in learning more about powder coatings or advancing their application skills. Classes are available in both English and Spanish. Classes are designed to give students handson experience with the latest application techniques using advanced powder coating technology, including a Nordson Colormax II spray booth, a Gema batch booth and a 512cubic-foot gas oven for curing. The center features classrooms equipped with innovative seating pods to encourage and support collaboration and relationship building. The Learning and Development Center opened to Axalta employees, customers and guests with a celebratory program that featured facility tours and guest speaker, Rick Dale, star of History Channel show American Restoration. Axalta also presented its inaugural Axalta Achievement Scholarship Award to Zhongzheng Cai, a Ph.D. student in the Chemistry program at the University of Houston. In partnership with Powder Coating Institute (PCI). "The Axalta Achievement Scholarship Award is a commitment
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Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
PPG reports 3Q 2016 financial results: Performance Coatings For PPG's Performance Coatings segment, in 3Q 2016, net sales were $2223 M versus $2240 M in 3Q 2015. Income was $368 M versus $379 M in 3Q 2015.
Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
PPG reports 3Q 2016 financial results: Industrial Coating For PPG's Industrial Coatings segment, in 3Q 2016, net sales were $1437 M versus $1354 M in 3Q 2015. Income was $249 M versus $241 M in 3Q 2015.
Original source: PPG Industries, 20 Oct 2016, (Website: http://www.ppg.com/), Copyright PPG Industries 2016
AkzoNobel publishes 3Q 2016 results: key figures AkzoNobel published its financial results for 3Q 2016. Revenue dropped by 4% to €3600 M in 3Q 2016 from €3760 M in 3Q 2015. Operating income increased by 4% to €454 M from €436 M. EBIT increased by 1% to €442 M from €436 M. Return on sales stood at 12.3%. Net income attributable to shareholders stayed at €285 M. Revenue for the nine months ended Sep 2016 dropped by 5% to €10,741 M from €11,300 M for the nine months ended Sep 2015. Operating income increased by 6% to
December 2016
ON
POWDER
€1302 M from €1228 M. EBIT increased by 6% to €1267 M from €1194 M. Return on sales stood at 11.8%. Net income attributable increased by 8% to €837 M from €776 M.
Original source: AkzoNobel, 19 Oct 2016, (AkzoNobel, website: http://www.akzonobel. com), Copyright AkzoNobel NV 2016
AkzoNobel publishes 3Q 2016 results: Performance Coatings AkzoNobel's Performance Coatings revenue for 3Q 2016 dropped by 6% to €1406 M from €1493 M in 3Q 2015. Operating income dropped by 9% to €192 M from €210 M. EBIT dropped by 5% to €199 M from €210 M. For year-to-date Sep 2016, revenue dropped by €4267 M from €4473 M in year-to-date Sep 2015. Operating income remained at €600 M. EBIT increased by 1% to €607 M from €600 M.
Original source: AkzoNobel, 19 Oct 2016, (AkzoNobel, website: http://www.akzonobel. com), Copyright AkzoNobel NV 2016
AkzoNobel India Limited: financial results for the quarter and half year ended 30 Sep 2016 A table shows the extract of financial results of AkzoNobel India Limited for the quarter and half year ended 30 Sep 2016. For the quarter, total income from operations amounted to Rup 7606.9 M, an increase from Rup 7112.9 M in the same quarter of 2015. Net profit after tax (after extraordinary items) amounted to Rup 415.9 M, up from Rup 351.1 M. For the half year, total income from operations amounted to Rup 15,398.4 M. Net profit after tax (after extraordinary items) amounted to Rup 1058.5 M.
Original Source: Business Standard, 22 Oct 2016, 4 (12), I.17 (Website: http://www. business-standard.com), Copyright Business Standard Ltd 2016
Sherwin-Williams’ Connor to Retire After a 34 year run with The Sherwin-Williams Company, Executive Chairman Christopher M. Connor will retire Dec. 31, the company announced Monday November 7. As his successor, the Board of Directors has elected John G. Morikis, president and chief executive officer, to assume the additional role of chairman following Connor's departure, the announcement said. The transition will be effective Jan. 1, 2017. Morikis succeeded Connor in the role of president and CEO Jan. 1, 2016. Morikis had served as the coating giant's chief operating officer for nine years and held many other key leadership positions during his 32 years with the company.
Original Source: Durability & Design, 9-Nov2016, (Website: http://www. durabilityanddesign.com/), Copyright Technology Publishing Co. 2016
C OAT I N G S ALTANA division to build new laboratory Coatings and adhesives company ACTEGA Rhenania GmbH, which is under ALTANA, is spending about €10 M for the construction of a new lab building in Grevenbroich, Germany. The 5700 sq m building will be bigger compared to the combined two current laboratories at the site. It will house R&D, quality control, and service activities. The new building will combine a customer technology centre into the new space. It will consist of several manufacturing plants in miniature format, allowing ACTEGA to comprehend the production processes and specific requirements of customers better than purely under lab settings. The move to the new facility is scheduled for mid-2017.
Original Source: Paint & Coatings Industry, Oct 2016, 32 (10), 14 (Website: http://www. pcimag.com), Copyright BNP Media 2016
Devine Chemicals expands product range Under an agreement, Taiwan-based Ming-Zu Chemical Industry Ltd's range of high-grade liquid and powder metal complex dyes are being stocked, distributed and promoted by Englandbased Devine Chemicals Ltd to serve rising ecofriendly products demand in the UK. The products are distributed to the agrochemicals, building and construction, coatings, inks and plastics markets.
Original Source: Paint & Coatings Industry, Oct 2016, 32 (10), 14,16 (Website: http:// www.pcimag.com), Copyright BNP Media 2016
Axalta Celebrates Opening of Powder Coating Learning and Development Center Axalta Coating Systems celebrated the Grand Opening of its first-in-the-industry Powder Coating Learning and Development Center. Situated adjacent to Axalta's powder manufacturing headquarters in Houston, Texas, the facility serves Axalta's customers as well as those interested in learning more about powder coatings or advancing their application skills. Classes are available in both English and Spanish. Classes are designed to give students handson experience with the latest application techniques using advanced powder coating technology, including a Nordson Colormax II spray booth, a Gema batch booth and a 512cubic-foot gas oven for curing. The center features classrooms equipped with innovative seating pods to encourage and support collaboration and relationship building. The Learning and Development Center opened to Axalta employees, customers and guests with a celebratory program that featured facility tours and guest speaker, Rick Dale, star of History Channel show American Restoration. Axalta also presented its inaugural Axalta Achievement Scholarship Award to Zhongzheng Cai, a Ph.D. student in the Chemistry program at the University of Houston. In partnership with Powder Coating Institute (PCI). "The Axalta Achievement Scholarship Award is a commitment
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