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AkzoNobel Publishes 2Q 2015 Results: Performance Coatings
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INDUSTRY NEWS Axalta and Hempel (USA) Inc. form Strategic Oil and Gas Pipeline Coating Partnership A strategic oil and gas pipeline coating deal has been created by Axalta Coating Systems and Hempel (USA) Inc. Under the deal, the companies will develop a coating system to protect natural gas transmission pipes in the oil and gas pipeline market in North America. The partnership combines the advanced, liquid, flow-efficiency epoxies of Hempel with the fusion-bondedepoxy powder of Axalta.
Original Source: Coatings World, Jul 2015, 20 (7), 10-12 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Abakan Acquires 100% ownership of MesoCoat Abakan Inc., an emerging leader in the advanced coatings market, has announced that, following its long term strategy, Abakan has increased ownership in subsidiary, MesoCoat Inc. to 100%. In exchange for 20.5% of Abakan's minority ownership in Powdermet Inc. (from 24.1% to 3.6%), Abakan has acquired from Powdermet: the remaining 11.9% of MesoCoat, along with land and equipment worth $550,000, the extinguishment of existing inter-company debt of $486,000, the return of 400,000 outstanding Abakan common shares to authorized capital and $1,000,000 in cash. Obtaining 100% ownership of MesoCoat along with owning the 5.7 acres of land where the clad pipe manufacturing facility sits and on which the company plans to build a 160 tonnes/yr. PComP powder production facility were some of Abakan's goals for FY 2015. This transaction also transfers ownership of necessary PComP powder production equipment from Powdermet to MesoCoat, in addition to 6 cash payments over 5 months totalling $1,000,000 which will be utilized in part to fund capital expenses for the PComP facility. When constructed, the new plant running at full capacity would be able to increase annual revenues by approximately $20,000,000.
Original Source: Marketwired, 27 Jul 2015, (Website: http://www.marketwired.com) © Marketwired L.P. 2015
Success Story of Axalta Coating Systems in 2014 In 2014, Axalta improved its coatings portfolio to strengthen its global position by
2
ON
POWDER
leveraging the brands and repositioning and adding products to some of its existing brands. The company introduced the Abcite thermosetting coatings in China and started the roll out of the Alesta Global Color Collection globally. The company launched Voltatex electrical insulation products in China. Axalta unveiled the new name for its existing portfolio of anodic and cathodic electrocoat products, AquaEC. The company expanded its family of Alesta powder coatings by adding Alesta ZeroZinc. Voltatex 1250 V is a next generation C5 electrical steel varnish. The company's Voltatex 1262 is ideal for special applications in large hydro and turbo generators where no formaldehyde degassing is needed.
Original Source: Coatings World, Jul 2015, 20 (7), 54 (Website: http://www.coatingsworld. com) © Rodman Media 2015
BASF to Extend Pigment Portfolio for Automotive Coatings BASF has launched the Paliogen Blue EH 1900 (L 6400) and Lumina Royal Magenta EH 5000 (4803 H) for automotive coatings market. The new Paliogen Blue EH 1900 (L 6400), which can be combined with several effect pigments, allows the company's clients to make highly chromatic reddish-blue color shades. It provides exceptional performance in water- and solvent-based systems. Lumina Royal Magenta EH 5000 (4803 H) offers highly chromatic new color shades and surfaces.
Original Source: Coatings World, Jul 2015, 20 (7), 92 (Website: http://www.coatingsworld. com) © Rodman Media 2015
C OAT I N G S Axalta Coating Systems Promoted its Paint Range at Goodguys Show in Des Moines Axalta Coating Systems, one of the leading global manufacturers of liquid and powder coatings, attended the Goodguys' 13th Annual Holley National Hot Rod Reunion at the Iowa State Fairgrounds in Des Moines, IA, US, on 3-5 Jul 2015. Axalta cruised into Des Moines with a 1932 Ford Coupe, built by Dave Lane for Phil Becker and painted with Axalta's Cromax brand paint. Axalta presented examples of automotive art that is created with its global refinish brands: Cromax, Standox and Spies Hecker, as well as Hot Hues line of custom colors.
Original Source: SpecialChem Coatings and Inks Formulation, 6 July, 2015, (Website: http://www.specialchem4coatings.com) © Axalta Coating Systems 2015
AkzoNobel Publishes 2Q 2015 Results: Performance Coatings AkzoNobel's revenue from its Performance Coatings segment for 2Q 2015 increased by 8% to €1550 M from €1434 M. Operating income increased by 24% to €220 M from €178 M. EBITDA increased by 21% to €257 M from €212 M. For 1H 2015, revenue increased by 8% to €2980 from €2753 M in 1H 2014. Operating income increased by 28% to €390 M. EBITDA increased by 23% to €463 M.
Original Source: AkzoNobel, 21 Jul 2015, (Website: http://www.akzonobel.com) © AkzoNobel NV 2015
AkzoNobel Publishes 2Q 2015 Results: Key Figures
Ferro Corporation has concluded its debtfree and cash-free, €149 M buyout of Nubiola Pigmentos, subject to customary closing conditions. Nubiola is a global supplier of corrosion inhibitors, chrome oxide greens, speciality iron oxides, and speciality inorganic pigments, particularly ultramarine blue. The firm has an employee base of around 750 people, and operates manufacturing plants in India, Romania, Spain, and Colombia. Nubiola also has a joint venture in China. Ferro financed the allcash deal with excess cash and borrowings from its existing revolving credit facility.
On 21 Jul 2015, AkzoNobel NV reported a 2Q 2015 with positive developments in profitability of all three business areas despite a challenging market environment. 2Q 2015 operating income increased 38% to €486 M. Revenue of €3949 M was up 6% compared with 2Q 2014 due to favorable currency rates, offset by divestments and lower volumes in some areas. EBITDA increased by 20% to €610 M from €509 M in2Q 2015. Net income attributable to shareholders amounted to €331 M, up by 61% from €205 M. In 1H 2015, revenue increased by 6% to €7540 M from €7093 M in 1H 2014. Operating income amounted to €792 M, up by 39% from €569 M. EBITDA increased by 23% to €873 M from €1072 M. Net income attributable to shareholders increased by 47% to €491 M from €334 M.
Original Source: Coatings Today, 22 Jul 2015, (Website: http://www.paint.org) © American Coatings Association 2015
Original Source: AkzoNobel, 21 Jul 2015, (Website: http://www.akzonobel.com) © AkzoNobel NV 2015
Ferro Completes Acquisition of Nubiola
September 2015
INDUSTRY NEWS Axalta and Hempel (USA) Inc. form Strategic Oil and Gas Pipeline Coating Partnership A strategic oil and gas pipeline coating deal has been created by Axalta Coating Systems and Hempel (USA) Inc. Under the deal, the companies will develop a coating system to protect natural gas transmission pipes in the oil and gas pipeline market in North America. The partnership combines the advanced, liquid, flow-efficiency epoxies of Hempel with the fusion-bondedepoxy powder of Axalta.
Original Source: Coatings World, Jul 2015, 20 (7), 10-12 (Website: http://www.coatingsworld. com) © Rodman Media 2015
Abakan Acquires 100% ownership of MesoCoat Abakan Inc., an emerging leader in the advanced coatings market, has announced that, following its long term strategy, Abakan has increased ownership in subsidiary, MesoCoat Inc. to 100%. In exchange for 20.5% of Abakan's minority ownership in Powdermet Inc. (from 24.1% to 3.6%), Abakan has acquired from Powdermet: the remaining 11.9% of MesoCoat, along with land and equipment worth $550,000, the extinguishment of existing inter-company debt of $486,000, the return of 400,000 outstanding Abakan common shares to authorized capital and $1,000,000 in cash. Obtaining 100% ownership of MesoCoat along with owning the 5.7 acres of land where the clad pipe manufacturing facility sits and on which the company plans to build a 160 tonnes/yr. PComP powder production facility were some of Abakan's goals for FY 2015. This transaction also transfers ownership of necessary PComP powder production equipment from Powdermet to MesoCoat, in addition to 6 cash payments over 5 months totalling $1,000,000 which will be utilized in part to fund capital expenses for the PComP facility. When constructed, the new plant running at full capacity would be able to increase annual revenues by approximately $20,000,000.
Original Source: Marketwired, 27 Jul 2015, (Website: http://www.marketwired.com) © Marketwired L.P. 2015
Success Story of Axalta Coating Systems in 2014 In 2014, Axalta improved its coatings portfolio to strengthen its global position by
2
ON
POWDER
leveraging the brands and repositioning and adding products to some of its existing brands. The company introduced the Abcite thermosetting coatings in China and started the roll out of the Alesta Global Color Collection globally. The company launched Voltatex electrical insulation products in China. Axalta unveiled the new name for its existing portfolio of anodic and cathodic electrocoat products, AquaEC. The company expanded its family of Alesta powder coatings by adding Alesta ZeroZinc. Voltatex 1250 V is a next generation C5 electrical steel varnish. The company's Voltatex 1262 is ideal for special applications in large hydro and turbo generators where no formaldehyde degassing is needed.
Original Source: Coatings World, Jul 2015, 20 (7), 54 (Website: http://www.coatingsworld. com) © Rodman Media 2015
BASF to Extend Pigment Portfolio for Automotive Coatings BASF has launched the Paliogen Blue EH 1900 (L 6400) and Lumina Royal Magenta EH 5000 (4803 H) for automotive coatings market. The new Paliogen Blue EH 1900 (L 6400), which can be combined with several effect pigments, allows the company's clients to make highly chromatic reddish-blue color shades. It provides exceptional performance in water- and solvent-based systems. Lumina Royal Magenta EH 5000 (4803 H) offers highly chromatic new color shades and surfaces.
Original Source: Coatings World, Jul 2015, 20 (7), 92 (Website: http://www.coatingsworld. com) © Rodman Media 2015
C OAT I N G S Axalta Coating Systems Promoted its Paint Range at Goodguys Show in Des Moines Axalta Coating Systems, one of the leading global manufacturers of liquid and powder coatings, attended the Goodguys' 13th Annual Holley National Hot Rod Reunion at the Iowa State Fairgrounds in Des Moines, IA, US, on 3-5 Jul 2015. Axalta cruised into Des Moines with a 1932 Ford Coupe, built by Dave Lane for Phil Becker and painted with Axalta's Cromax brand paint. Axalta presented examples of automotive art that is created with its global refinish brands: Cromax, Standox and Spies Hecker, as well as Hot Hues line of custom colors.
Original Source: SpecialChem Coatings and Inks Formulation, 6 July, 2015, (Website: http://www.specialchem4coatings.com) © Axalta Coating Systems 2015
AkzoNobel Publishes 2Q 2015 Results: Performance Coatings AkzoNobel's revenue from its Performance Coatings segment for 2Q 2015 increased by 8% to €1550 M from €1434 M. Operating income increased by 24% to €220 M from €178 M. EBITDA increased by 21% to €257 M from €212 M. For 1H 2015, revenue increased by 8% to €2980 from €2753 M in 1H 2014. Operating income increased by 28% to €390 M. EBITDA increased by 23% to €463 M.
Original Source: AkzoNobel, 21 Jul 2015, (Website: http://www.akzonobel.com) © AkzoNobel NV 2015
AkzoNobel Publishes 2Q 2015 Results: Key Figures
Ferro Corporation has concluded its debtfree and cash-free, €149 M buyout of Nubiola Pigmentos, subject to customary closing conditions. Nubiola is a global supplier of corrosion inhibitors, chrome oxide greens, speciality iron oxides, and speciality inorganic pigments, particularly ultramarine blue. The firm has an employee base of around 750 people, and operates manufacturing plants in India, Romania, Spain, and Colombia. Nubiola also has a joint venture in China. Ferro financed the allcash deal with excess cash and borrowings from its existing revolving credit facility.
On 21 Jul 2015, AkzoNobel NV reported a 2Q 2015 with positive developments in profitability of all three business areas despite a challenging market environment. 2Q 2015 operating income increased 38% to €486 M. Revenue of €3949 M was up 6% compared with 2Q 2014 due to favorable currency rates, offset by divestments and lower volumes in some areas. EBITDA increased by 20% to €610 M from €509 M in2Q 2015. Net income attributable to shareholders amounted to €331 M, up by 61% from €205 M. In 1H 2015, revenue increased by 6% to €7540 M from €7093 M in 1H 2014. Operating income amounted to €792 M, up by 39% from €569 M. EBITDA increased by 23% to €873 M from €1072 M. Net income attributable to shareholders increased by 47% to €491 M from €334 M.
Original Source: Coatings Today, 22 Jul 2015, (Website: http://www.paint.org) © American Coatings Association 2015
Original Source: AkzoNobel, 21 Jul 2015, (Website: http://www.akzonobel.com) © AkzoNobel NV 2015
Ferro Completes Acquisition of Nubiola
September 2015