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Asian Paints net profit up 21% on higher sale for quarter ended Dec 2011
FOCUS Asian Paints consolidated net sales up for 1H 2011 Asian Paints has reported that consolidated net sales rose 23.9% in 1H 2011, and 24.3% in 4Q 2011. Standalone net sales jumped 27.2% in 1H 2011, and 25.5% in 4Q 2011. Original Source: APCJ, Asia Pacific Coatings Journal, Dec 2011/Jan2012, 24 (6) 6 (Website; http://www.asiapacificcoatingsjournal.com) © Quartz Business Media Ltd 2012
Asian Paints net profit up 21% on higher sale for quarter ended Dec 2011 Paints major Asian Paints has posted a 21% higher net profit at Rup 251 crores on net sales of Rup 2110 crores for the quarter ended Dec 2011 as against a net profit of Rup 207 crores on net sales of Rup 1754 crores in the quarter ended Dec 2010. (1 crore=10 M, 1 lakh=100,000). Original Source: Business Line (India), 22 Jan 2012, 19 (22), 3 (Website: http://www.thehindubusinessline.com/) © The Hindu Business Line 2012
DSM to launch new line of biobased materials via partnership with Empresa Brasileira de Biotechnologia (Ebrabiotech) Royal DSM (DSM), the global Life and Material Sciences company, has signed a Memorandum of Understanding between its US-based Business Unit DSM Functional Materials and Empresa Brasileira de Biotechnologia (Ebrabiotech) of Brazil, for the launch of a new line of DSM-branded bio-based materials targeting the concrete floor coatings market. The initiative focuses on the development of bio-based castor oil material, which is non-edible and helps to lower the total carbon footprint. PR Newswire, 18 Jan 2012, (Website: http://www.prnewswire.com)
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Ecology Coatings enters into a licence agreement with BASF Coatings GmbH Ecology Coatings Inc, a leader in the discovery and development of nanotechnology-enabled, ultraviolet-curable advanced coatings, announced it has entered into a licence agreement with German-based BASF Coatings GmbH, one of the world’s largest chemical companies. Under the terms of the licence agreement, Ecology Coatings is providing BASF with a non-exclusive licence for use of its patents, EP 1 723 180, US 7,323,248, US 7,153,892 and US 7,498,362. BASF will pay Ecology Coatings a royalty of 0.5% of the net sales value of products using EP 1 723 180 sold in Europe, and a royalty of 2.5% of the net sales value of products sold outside of Europe. BASF will pay Ecology Coatings a royalty of 2.5% of the net sales value of products sold outside of Europe using US patents 7,323,248, 7,153,892 and 7,498,362. The agreement will terminate upon the expiration of the last patent licensed by BASF. PR Newswire, 18 Jan 2012, (Website: http://www.prnewswire.com)
Coatings/surfactants: Two acquisitions for AkzoNobel AkzoNobel has acquired 100% of capital for the Italian packaging coating producer Metlac. The Dutch group has been a shareholder in Metlac since its acquisition from ICI in 2008. No financial details have been published. It still requires approval from the relevant authorities. The deal is scheduled for completion in the 2Q of 2012. Metlac will become part of AkzoNobel’s Performance Coatings division. AkzoNobel has also acquired the Chinese surfactants producer Boxing Oleochemicals. Boxing Oleochemicals had sales of €100 M in 2010. It will become part of
C O AT I N G S AkzoNobel’s Surface Chemicals division. Original Source: Chimie Pharma Hebdo, 16 Jan 2012, (577), 10 (Website: http://www.industrie.com/chimie/) (in French) © ETAI Information 2012
PPG reports record 4Q 2011, full year 2011 earnings/share PPG Industries (PPG) reported net sales for 4Q ended Dec 2011 of $3.5 bn, an increase of 4%. Net income for 4Q 2011 increased to $216 M, or $1.39/diluted share. The 4Q 2010 net sales were $3.4 bn, and net income was $205 M, or $1.24/diluted share. PPG’s sales for year ended Dec 2011 were $14.9 bn (+11% over sales of $13.4 bn in year ended Dec 2010). PPG’s full year 2011 net income was $1.1 bn, or $6.87/diluted share (net income of $769 M, or $4.63/diluted share in 2010). Full year 2010 adjusted net income was $854 M, or $5.14/diluted share. Performance Coatings segment sales for 4Q 2011 were $1.1 bn, up $34 M versus 4Q 2010. Industrial Coatings segment sales rose $70 M over 4Q 2010 to $1 bn, a 7% increase. Segment earnings for 4Q 2011 were $106 M, an increase of $27 M over 4Q 2010. Sales for the Architectural Coatings – EMEA (Europe, Middle East and Africa) segment for 4Q 2011 increased $23 M, or 5% to $449 M, including the negative effects of currency translation. Optical and Specialty Materials segment sales were $259 M for 4Q 2011, down 3%. Segment earnings declined $4 M to $53 M for 4Q 2011, due to the flooding impacts, net of insurance. Commodity Chemicals segment sales were $398 M for 4Q 2011, an increase of $22 M. Glass segment sales were $256 M for 4Q 2011, down 1%. PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. PPG Industries Financials 4Q and 2011, 19 Jan 2012, (PPG Industries Inc, One PPG Place Pittsburgh, PA 15272, USA, tel: +1 412 434 3131, website: http://www.ppg.com)
MARCH 2012
Asian Paints net profit up 21% on higher sale for quarter ended Dec 2011 Paints major Asian Paints has posted a 21% higher net profit at Rup 251 crores on net sales of Rup 2110 crores for the quarter ended Dec 2011 as against a net profit of Rup 207 crores on net sales of Rup 1754 crores in the quarter ended Dec 2010. (1 crore=10 M, 1 lakh=100,000). Original Source: Business Line (India), 22 Jan 2012, 19 (22), 3 (Website: http://www.thehindubusinessline.com/) © The Hindu Business Line 2012
DSM to launch new line of biobased materials via partnership with Empresa Brasileira de Biotechnologia (Ebrabiotech) Royal DSM (DSM), the global Life and Material Sciences company, has signed a Memorandum of Understanding between its US-based Business Unit DSM Functional Materials and Empresa Brasileira de Biotechnologia (Ebrabiotech) of Brazil, for the launch of a new line of DSM-branded bio-based materials targeting the concrete floor coatings market. The initiative focuses on the development of bio-based castor oil material, which is non-edible and helps to lower the total carbon footprint. PR Newswire, 18 Jan 2012, (Website: http://www.prnewswire.com)
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Ecology Coatings enters into a licence agreement with BASF Coatings GmbH Ecology Coatings Inc, a leader in the discovery and development of nanotechnology-enabled, ultraviolet-curable advanced coatings, announced it has entered into a licence agreement with German-based BASF Coatings GmbH, one of the world’s largest chemical companies. Under the terms of the licence agreement, Ecology Coatings is providing BASF with a non-exclusive licence for use of its patents, EP 1 723 180, US 7,323,248, US 7,153,892 and US 7,498,362. BASF will pay Ecology Coatings a royalty of 0.5% of the net sales value of products using EP 1 723 180 sold in Europe, and a royalty of 2.5% of the net sales value of products sold outside of Europe. BASF will pay Ecology Coatings a royalty of 2.5% of the net sales value of products sold outside of Europe using US patents 7,323,248, 7,153,892 and 7,498,362. The agreement will terminate upon the expiration of the last patent licensed by BASF. PR Newswire, 18 Jan 2012, (Website: http://www.prnewswire.com)
Coatings/surfactants: Two acquisitions for AkzoNobel AkzoNobel has acquired 100% of capital for the Italian packaging coating producer Metlac. The Dutch group has been a shareholder in Metlac since its acquisition from ICI in 2008. No financial details have been published. It still requires approval from the relevant authorities. The deal is scheduled for completion in the 2Q of 2012. Metlac will become part of AkzoNobel’s Performance Coatings division. AkzoNobel has also acquired the Chinese surfactants producer Boxing Oleochemicals. Boxing Oleochemicals had sales of €100 M in 2010. It will become part of
C O AT I N G S AkzoNobel’s Surface Chemicals division. Original Source: Chimie Pharma Hebdo, 16 Jan 2012, (577), 10 (Website: http://www.industrie.com/chimie/) (in French) © ETAI Information 2012
PPG reports record 4Q 2011, full year 2011 earnings/share PPG Industries (PPG) reported net sales for 4Q ended Dec 2011 of $3.5 bn, an increase of 4%. Net income for 4Q 2011 increased to $216 M, or $1.39/diluted share. The 4Q 2010 net sales were $3.4 bn, and net income was $205 M, or $1.24/diluted share. PPG’s sales for year ended Dec 2011 were $14.9 bn (+11% over sales of $13.4 bn in year ended Dec 2010). PPG’s full year 2011 net income was $1.1 bn, or $6.87/diluted share (net income of $769 M, or $4.63/diluted share in 2010). Full year 2010 adjusted net income was $854 M, or $5.14/diluted share. Performance Coatings segment sales for 4Q 2011 were $1.1 bn, up $34 M versus 4Q 2010. Industrial Coatings segment sales rose $70 M over 4Q 2010 to $1 bn, a 7% increase. Segment earnings for 4Q 2011 were $106 M, an increase of $27 M over 4Q 2010. Sales for the Architectural Coatings – EMEA (Europe, Middle East and Africa) segment for 4Q 2011 increased $23 M, or 5% to $449 M, including the negative effects of currency translation. Optical and Specialty Materials segment sales were $259 M for 4Q 2011, down 3%. Segment earnings declined $4 M to $53 M for 4Q 2011, due to the flooding impacts, net of insurance. Commodity Chemicals segment sales were $398 M for 4Q 2011, an increase of $22 M. Glass segment sales were $256 M for 4Q 2011, down 1%. PPG Industries’ vision is to continue to be the world’s leading coatings and specialty products company. PPG Industries Financials 4Q and 2011, 19 Jan 2012, (PPG Industries Inc, One PPG Place Pittsburgh, PA 15272, USA, tel: +1 412 434 3131, website: http://www.ppg.com)
MARCH 2012