- Email: [email protected]
Axalta Coating Systems to acquire coil and spray coatings manufacturer Dura Coat Products
FOCUS jobs in research and administration by the end of 2018. Another 100 jobs from the centre will be integrated into other divisions in Switzerland, primarily in the Basel region. The facility in Basel currently has 790 employees but the measure will not affect production activities located in Schweizerhalle, Kaisten and Monthey. BASF reports that all products manufactured in Switzerland are heavily dependent on the exchange rate of the Swiss Franc and therefore stand under considerable pressure from costs and margins. BASFs research centre in Basel focuses on additives and pigments for plastics and coatings as well as active ingredients for cleaning agents and toiletries. BASF is currently restructuring the research and development activities of its 70 R&D centres in order to achieve world class results. Most activities of BASF in Switzerland are part of the Performance Products Division which recorded a 6% drop in turnover in 1H 2016 but a significant rise in the operating result.
Original Source: Neue Zuercher Zeitung, 28 Oct 2016, 237 (252), 13 (Website: http://www. nzz.ch/) (in German), Copyright Neue Zuercher Zeitung AG 2016.
Asian Paints consolidated net profit for 2Q FY 2017 increases by 18.1% Asian Paints announced its financial results for the quarter and six months ended 30 Sep 2016. For 2Q FY 2017 ended 30 Sep 2016, income from operations has risen by 10.2% to Rup 4232.46 crores from Rup 3839.66 crores. Profit before depreciation interest and tax (PBDIT) for the group increased by 17.3% to Rup 712.98 crores from Rup 608.01 crores. Profit before tax (PBT) increased by 18.1% to Rup 701.72 crores from Rup 593.97 crores. Net profit after non-controlling Interest increased by 17.9% to Rup 475.94 crores as compared to Rup 403.70 crores in the previous corresponding period. The Board of Directors approved the payment of an interim dividend of Rup 2.65 per share (265%). The company distributed an interim dividend of Rup 2.20/share (220%) for 1H FY 2016. Total dividend of Rup 7.50/ share (750%) was distributed in FY 2016. The dividend payout ratio was 54.1% in FY 2016. (1 crore=10 M, 1 lakh=100,000). (1 crore=10 M, 1 lakh=100,000).
Original Source: Asian Paints, 25 Oct 2016, (Website: http://www.asianpaints.com/), Copyright Asian Paints Ltd 2016.
BASF declares Force Majeure at Ludwigshafen plant BASF declares Force Majeure until further notice after the explosion at the Ludwigshafen plant. The supply of dispersions, dispersion powders and hotmelt adhesives based on acrylic monomers is affected by the measure at the facilities in Ludwigshafen and
4
ON
POWDER
Tarragona in Spain. An explosion occurred at the Landeshafen Nord harbour next to the Ludwigshafen site on 17 Oct 2016. Products affected are the acrylic monomers of following brands: Acronal, Acresin, Acrodur, Acrosol E 20 D. Aqagloss, Basonal, Col.9, Epotal and Luhydran. The production units for abovenamed products are not directly affected by the accident but the logistics and raw material supply have been interrupted. Due to the fire BASF closed down the raw materials supply from the steam crackers at the site, and other pipeline systems were shut down. In the meantime some of the affected facilities including one of the steam-cracker started up production again. Product stocks are low and a lack of raw material supply is restricting production volumes. The accident is discussed in great detail. BASF maintains that occupational safety and environmental responsibility remain top priority at the Ludwigshafen site and worldwide.
Original Source: Farbe und Lack (Online Version), 1 Nov 2016, (Website: http://www. farbeundlack.de/) (in German), Copyright Vincentz Network 2016.
PPG acquires remaining interest in Italian coatings joint venture PPG has purchased the remaining 50% ownership interest in PPG Univer SpA from its joint-venture partner, Univer Italiana Srl Financial terms were not disclosed. PPG Univer manufactures architectural and liquid industrial coatings and, with its affiliates, employs about 150 people. It operates a network of 12 retail stores in Italy and maintains administrative offices and a production facility in the town of Cavallirio, Italy.
Original Source: PPG Industries, 11 Nov 2016, (PPG Industries, website: http://www.ppg.com/), Copyright PPG Industries 2016.
C OAT I N G S in 3Q 2015. In 1Q-3Q 2016, sales were €1373 M versus €1522 M in 1Q-3Q 2015. EBITDA was €167 M versus €167 M in 1Q-3Q 2015.
Original source: Arkema, 10 Nov 2016, (Website: http://www.arkema.com/), Copyright Arkema 2016.
Axalta Coating Systems to acquire coil and spray coatings manufacturer Dura Coat Products Axalta Coating Systems has agreed to purchase Dura Coat Products, a producer of coatings for metal coil and related markets in North America, for an unknown amount. Under the deal, a majority stake in Dura Coat will be initially acquired by Axalta at the closing which is scheduled in 3Q 2016 and the rest by Jan 2019, subject to required regulatory approvals and other customary closing conditions. Durapon, Ceranamel and the XT series of speciality coatings are the popular brands of Dura Coat. The offering of Dura Coat will complement the portfolio of Axalta, including AquaEC electrocoat products, Imron Industrial coatings and Alesta and Abcite powder coatings.
Original Source: Coatings World, Nov 2016, 21 (11), 10; 12 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2016.
Jotun Paints doubles production capacity in Oman with new factory in Rusayl Industrial Estate
Arkema: 3Q 2016 results: Coating Solutions
In celebration of 30 years of successful operations in Oman, Jotun Paints and represented in over 90 countries across all continents, inaugurated its new, state-of-theart factory in Rusayl Industrial Estate. Built over an expansive area of 60,000 sq m, the new facility has a production capacity of 50 M L/y of paint and is equipped to fulfil market needs for the next 15 to 20 years. Jotun's production capacity has gradually increased from 1 M L in 1985 to 25 M L in 2014. The state-of-the art facility, which will house multiple departments such as production, warehouse and administrative offices, has been constructed in compliance with the highest HSE standards and in accordance with Jotun's environmentfriendly policy 'Green Steps'. Designed to emit less VOC emissions due to the reduced use of hazardous materials during construction, the facility will have a low carbon footprint and contributes to greater energy savings.
For Arkema's Coating Solutions segment, in 3Q 2016, sales were €455 M versus €482 M in 3Q 2015. EBITDA was €54 M versus €53 M
Original Source: Jotun, 24 Nov 2016, (Website: http://www.jotun.com/), Copyright Jotun 2016.
Arkema: 3Q 2016 results: key figures Arkema has released its financial results for 3Q 2016. Sales fell 5.5% from €1946 M in 3Q 2015 to €1838 M. EBITDA rose 5.9% from €286 M (14.7% margin) in 3Q 2015 to €303 M (16.5% margin). Adjusted net income rose 15.8% from €95 M (€1.27/share) in 3Q 2015 to €110 M (€1.45/share). Net income (group share) rose 57.4% from €61 M in 3Q 2015 to €96 M.
Original Source: Arkema, 10 Nov 2016, 2 (Website: http://www.arkema.com/), Copyright Arkema 2016.
January 2017
Original Source: Neue Zuercher Zeitung, 28 Oct 2016, 237 (252), 13 (Website: http://www. nzz.ch/) (in German), Copyright Neue Zuercher Zeitung AG 2016.
Asian Paints consolidated net profit for 2Q FY 2017 increases by 18.1% Asian Paints announced its financial results for the quarter and six months ended 30 Sep 2016. For 2Q FY 2017 ended 30 Sep 2016, income from operations has risen by 10.2% to Rup 4232.46 crores from Rup 3839.66 crores. Profit before depreciation interest and tax (PBDIT) for the group increased by 17.3% to Rup 712.98 crores from Rup 608.01 crores. Profit before tax (PBT) increased by 18.1% to Rup 701.72 crores from Rup 593.97 crores. Net profit after non-controlling Interest increased by 17.9% to Rup 475.94 crores as compared to Rup 403.70 crores in the previous corresponding period. The Board of Directors approved the payment of an interim dividend of Rup 2.65 per share (265%). The company distributed an interim dividend of Rup 2.20/share (220%) for 1H FY 2016. Total dividend of Rup 7.50/ share (750%) was distributed in FY 2016. The dividend payout ratio was 54.1% in FY 2016. (1 crore=10 M, 1 lakh=100,000). (1 crore=10 M, 1 lakh=100,000).
Original Source: Asian Paints, 25 Oct 2016, (Website: http://www.asianpaints.com/), Copyright Asian Paints Ltd 2016.
BASF declares Force Majeure at Ludwigshafen plant BASF declares Force Majeure until further notice after the explosion at the Ludwigshafen plant. The supply of dispersions, dispersion powders and hotmelt adhesives based on acrylic monomers is affected by the measure at the facilities in Ludwigshafen and
4
ON
POWDER
Tarragona in Spain. An explosion occurred at the Landeshafen Nord harbour next to the Ludwigshafen site on 17 Oct 2016. Products affected are the acrylic monomers of following brands: Acronal, Acresin, Acrodur, Acrosol E 20 D. Aqagloss, Basonal, Col.9, Epotal and Luhydran. The production units for abovenamed products are not directly affected by the accident but the logistics and raw material supply have been interrupted. Due to the fire BASF closed down the raw materials supply from the steam crackers at the site, and other pipeline systems were shut down. In the meantime some of the affected facilities including one of the steam-cracker started up production again. Product stocks are low and a lack of raw material supply is restricting production volumes. The accident is discussed in great detail. BASF maintains that occupational safety and environmental responsibility remain top priority at the Ludwigshafen site and worldwide.
Original Source: Farbe und Lack (Online Version), 1 Nov 2016, (Website: http://www. farbeundlack.de/) (in German), Copyright Vincentz Network 2016.
PPG acquires remaining interest in Italian coatings joint venture PPG has purchased the remaining 50% ownership interest in PPG Univer SpA from its joint-venture partner, Univer Italiana Srl Financial terms were not disclosed. PPG Univer manufactures architectural and liquid industrial coatings and, with its affiliates, employs about 150 people. It operates a network of 12 retail stores in Italy and maintains administrative offices and a production facility in the town of Cavallirio, Italy.
Original Source: PPG Industries, 11 Nov 2016, (PPG Industries, website: http://www.ppg.com/), Copyright PPG Industries 2016.
C OAT I N G S in 3Q 2015. In 1Q-3Q 2016, sales were €1373 M versus €1522 M in 1Q-3Q 2015. EBITDA was €167 M versus €167 M in 1Q-3Q 2015.
Original source: Arkema, 10 Nov 2016, (Website: http://www.arkema.com/), Copyright Arkema 2016.
Axalta Coating Systems to acquire coil and spray coatings manufacturer Dura Coat Products Axalta Coating Systems has agreed to purchase Dura Coat Products, a producer of coatings for metal coil and related markets in North America, for an unknown amount. Under the deal, a majority stake in Dura Coat will be initially acquired by Axalta at the closing which is scheduled in 3Q 2016 and the rest by Jan 2019, subject to required regulatory approvals and other customary closing conditions. Durapon, Ceranamel and the XT series of speciality coatings are the popular brands of Dura Coat. The offering of Dura Coat will complement the portfolio of Axalta, including AquaEC electrocoat products, Imron Industrial coatings and Alesta and Abcite powder coatings.
Original Source: Coatings World, Nov 2016, 21 (11), 10; 12 (Website: http://www. coatingsworld.com), Copyright Rodman Media 2016.
Jotun Paints doubles production capacity in Oman with new factory in Rusayl Industrial Estate
Arkema: 3Q 2016 results: Coating Solutions
In celebration of 30 years of successful operations in Oman, Jotun Paints and represented in over 90 countries across all continents, inaugurated its new, state-of-theart factory in Rusayl Industrial Estate. Built over an expansive area of 60,000 sq m, the new facility has a production capacity of 50 M L/y of paint and is equipped to fulfil market needs for the next 15 to 20 years. Jotun's production capacity has gradually increased from 1 M L in 1985 to 25 M L in 2014. The state-of-the art facility, which will house multiple departments such as production, warehouse and administrative offices, has been constructed in compliance with the highest HSE standards and in accordance with Jotun's environmentfriendly policy 'Green Steps'. Designed to emit less VOC emissions due to the reduced use of hazardous materials during construction, the facility will have a low carbon footprint and contributes to greater energy savings.
For Arkema's Coating Solutions segment, in 3Q 2016, sales were €455 M versus €482 M in 3Q 2015. EBITDA was €54 M versus €53 M
Original Source: Jotun, 24 Nov 2016, (Website: http://www.jotun.com/), Copyright Jotun 2016.
Arkema: 3Q 2016 results: key figures Arkema has released its financial results for 3Q 2016. Sales fell 5.5% from €1946 M in 3Q 2015 to €1838 M. EBITDA rose 5.9% from €286 M (14.7% margin) in 3Q 2015 to €303 M (16.5% margin). Adjusted net income rose 15.8% from €95 M (€1.27/share) in 3Q 2015 to €110 M (€1.45/share). Net income (group share) rose 57.4% from €61 M in 3Q 2015 to €96 M.
Original Source: Arkema, 10 Nov 2016, 2 (Website: http://www.arkema.com/), Copyright Arkema 2016.
January 2017