FOCUS announced that it had to write off €2.5 bn because the European market is weaker than expected. Original Source: Het Financieele Dagblad, 19 Oct 2012, 1 (Website: http://www.fd.nl/) (in Dutch) © Het Financieele Dagblad 2012
CIN to increase capacity in powder coatings plant CIN has revealed a €12 M investment to boost the output capacity of its powder coatings plant in Maia, Portugal, over five years. The initial phase of the project, which involved a total investment of €6 M, was completed in Jul 2012 and increased output to 10,000 tons/y. The second phase will see the installation of a specific products unit and will require an investment of €1.5 M. The third and final phase will see the installation of new production lines, which will ramp up the plant’s installed capacity to 14,000 tons/y.
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International Research Centre in Bangalore, India. An AkzoNobel official stated that the India Analytical Centre (IAC) will leverage AkzoNobel’s global and local resources to provide analytical services to fulfil the needs of all coatings businesses in India, including decorative, industrial, protective or automotive coatings. The IAC is equipped with instrument technologies like spectroscopy, which is critical in maintaining the highest quality in the raw materials such as resins. It also has rheology equipment, which is used to study the flow and viscosity profiles of products in product development and application. Also available are thermal analysis and corrosion studies that allow technicians to evaluate product durability under different conditions and over different substrates. Original Source: AkzoNobel, 2012. Found on SpecialChem Coatings and Inks Formulation, 1 Nov 2012, (Website: http://www.specialchem4coatings.com)
Original Source: Paint & Coatings Industry (PCI), Oct 2012, 28 (10), 17 (Website: http://www.pcimag.com/) © BNP Media 2012
Cytec’s coating resins plants named Manufacturer of the Year The South Carolina Chamber of Commerce has named Cytec Industries’ two coating resins plants in North Augusta and Langley as Manufacturer of the Year in the Small Company category. The two facilities were recognized for their positive economic impact, commitment to workforce development, manufacturing excellence and exceptional community stewardship. Original Source: PPCJ, Polymers, Paint, Colour Journal, Oct 2012, 202 (4577), 4 (Website: http://www.polymerspaintcolourjournal.com/) © Quartz Business Media Ltd 2012
AkzoNobel inaugurates its R&D center dedicated to the coatings industry in Bangalore, India AkzoNobel has launched The India Analytical Centre (IAC) at its 4
AkzoNobel’s Interpon powder coatings display superior durability after decades of use AkzoNobel’s Interpon D2000 powder coatings, which were applied on window frames and curtain walls of the Patient Tower of Mission Hospital, CA, USA, have been tested to measure the products’ colour change and gloss levels. The coatings were applied in 1991. After more than two decades of exposure to sunny weather, overall colour change is still only 3.18, well below the 5.0 project guarantee and American Architectural Manufacturers Association’s (AAMA) 2604-10 limit. The coatings also retained 59.4% of their gloss levels, where the 15year guarantee promised greater than 50%, and AAMA2604-10 requires greater than 30%. Original Source: AkzoNobel, 2012. Found on SpecialChem Coatings and Inks Formulation, 6 Nov 2012, (Website: http://www.specialchem4coatings.com)
C O AT I N G S Cytec selects Palmer Holland to distribute its coating resins products in Northeast and Midwest Cytec Industries Inc’s Coatings Resins Business is making changes to its distribution channel, which includes the authorization of Palmer Holland, one of North America’s distributors of speciality raw materials, as the distributor of its crosslinkers and liquid and energy-curable resins and additives for the Northeast and Midwest. Palmer Holland will begin delivering orders to customers of Cytec’s Coatings Resins Business with effect from 26 Nov 2012. Peninsula Polymers will continue to be Cytec’s national distributor for the CYMEL and CYCAT product lines, and Cytec’s Polymer Additive business will continue to use its own distributor network for its CYASORB light stabilizers, CYSTAT antistatic agents, CYANOX antioxidants and other products. Original Source: Cytec, 2012. Found on SpecialChem Coatings and Inks Formulation, 2 Nov 2012, (Website: http://www.specialchem4coatings.com)
AkzoNobel 3Q 2012 report: performance coatings AkzoNobel’s 3Q 2012 revenue increased by 13% compared with the previous year. The strongest growth came from Industrial Coatings (due to acquisitions) and Marine and Protective Coatings (from strong demand in Protective Coatings). Volumes were flat with continued variability between individual markets. Overall margins improved due to a combination of margin management activities and ongoing cost control. The major restructuring activities in the quarter focused on Marine and Protective Coatings, Automotive and Aerospace Coatings Europe and the ongoing integration of the Schramm acquisition. Marine and Protective Coatings revenue was up 18% over the previous year, positively supported by price/mix and currencies. Wood Finishes and Adhesives revenue increased JANUARY 2013