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BASF 2007: performance products: coatings
F O C U S BASF 2007: performance products: coatings For its fiscal 2007 (period ends 31 Dec 2007), the Coatings segment of the Performance Products division of the BASF group has reported sales to third parties of €2587 M (€2414 M for its fiscal 2006), of which (location of customer): Europe accounted for 49%, North America 19%, Asia Pacific 13%, and South America, Africa & the Middle East 19%. The decline in sales in North America is attributable to negative currency effects and a difficult market environment in the American private housing construction and automotive industries. In particular, the growth in automotive coatings in China and Europe, and in architectural coatings in South America contributed to the increase in sales. The company expanded its system supplier business, which enables
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customers to reduce the overall costs of coating processes. In addition to supplying products, the company also provides inventory management and other additional services for its customers. In automotive refinish coatings, the company posted slightly lower sales than in 2006. Negative currency effects could not be fully offset by strong demand in commercial transport coatings in Europe, or by the expansion of the brands Glasurit and Salcomix. Sales in industrial coatings surpassed those of the previous year. In Europe, both organic business growth and the activities added as part of the acquisition of the construction chemicals business in 2006 contributed to the growth in sales. This more than compensated for weaker business in North America and Japan. Business in architectural coatings in South America developed favourably. In
Focus on Powder Coatings (ISSN 1364-5439) is published monthly by Elsevier Ltd, Block 6, Westbrook Centre, Milton Road, Cambridge CB4 1YG, UK. 2008 annual subscription rate: US$1068/€954 (in Europe)/¥126,800 (in Japan) Material published in Focus on Powder Coatings includes abstracts sourced from Chemical Business NewsBase (CBNB) (E-mail: [email protected]) CBNB is available as part of a subscription to Ei’s EngineeringVillage discovery platform. Visit our website for more details: http://www.ei.org Orders and enquiries Elsevier Ltd, Block 6, Westbrook Centre, Milton Road, Cambridge CB4 1YG, UK. Tel: +44 (0) 1223 463160. Fax: +44 (0) 1223 463169. E-mail: [email protected] For US orders Elsevier Journals Customer Service, 6277 Sea Harbor Drive, Orlando, FL 32887-4800, USA. US Customers Tel: +1 (877) 839 7126. Fax: +1 (407) 363 1354. Customers outside US Tel: +1 (407) 345 4020. Fax: +1 (407) 363 1354 Other Locations Elsevier Customer Support Department, PO Box 211, 1000 AE Amsterdam, The Netherlands. Tel: +31 20 3853757. Fax: +31 20 4853432. E-mail: [email protected]
C OAT I N G S Europe, the activities in architectural coatings acquired with the Construction Chemicals business contributed to the increase in sales. Income from operations was below the previous year’s level. This was primarily due to the appreciation of the euro, higher raw material costs and special charges as a result of an impairment loss on property, plant and equipment and intangible assets in the industrial coatings business in North America. The company plans to further increase sales in 2008 and expects earnings above the previous year’s level. The company is expanding its presence in the growth markets of Eastern Europe and Asia, particularly in Russia, China and India. BASF Annual Report 2007: Shaping the Future, 12 Mar 2008, 72-73 (BASF AG, CarlBosch-Strasse 38, 67056 Ludwigshafen, Germany, tel: +49 21600, fax: +49 21 042525, website: http://www.basf.de)
Permissions may be sought directly from Elsevier Global Rights Department, PO Box 800, Oxford OX5 1DX, UK. Tel: +44 (0) 1865 843830. Fax: +44 (0) 1865 853333. E-mail: [email protected]. You may also contact Global Rights directly through Elsevier’s home page (http://www.elsevier.com), by selecting ‘Support and Contact’, then ‘Copyright and Permission’. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Typeset by Chat Noir Design, France Printed by Mayfield Press (Oxford) © 2008 Elsevier Ltd. All rights reserved
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customers to reduce the overall costs of coating processes. In addition to supplying products, the company also provides inventory management and other additional services for its customers. In automotive refinish coatings, the company posted slightly lower sales than in 2006. Negative currency effects could not be fully offset by strong demand in commercial transport coatings in Europe, or by the expansion of the brands Glasurit and Salcomix. Sales in industrial coatings surpassed those of the previous year. In Europe, both organic business growth and the activities added as part of the acquisition of the construction chemicals business in 2006 contributed to the growth in sales. This more than compensated for weaker business in North America and Japan. Business in architectural coatings in South America developed favourably. In
Focus on Powder Coatings (ISSN 1364-5439) is published monthly by Elsevier Ltd, Block 6, Westbrook Centre, Milton Road, Cambridge CB4 1YG, UK. 2008 annual subscription rate: US$1068/€954 (in Europe)/¥126,800 (in Japan) Material published in Focus on Powder Coatings includes abstracts sourced from Chemical Business NewsBase (CBNB) (E-mail: [email protected]) CBNB is available as part of a subscription to Ei’s EngineeringVillage discovery platform. Visit our website for more details: http://www.ei.org Orders and enquiries Elsevier Ltd, Block 6, Westbrook Centre, Milton Road, Cambridge CB4 1YG, UK. Tel: +44 (0) 1223 463160. Fax: +44 (0) 1223 463169. E-mail: [email protected] For US orders Elsevier Journals Customer Service, 6277 Sea Harbor Drive, Orlando, FL 32887-4800, USA. US Customers Tel: +1 (877) 839 7126. Fax: +1 (407) 363 1354. Customers outside US Tel: +1 (407) 345 4020. Fax: +1 (407) 363 1354 Other Locations Elsevier Customer Support Department, PO Box 211, 1000 AE Amsterdam, The Netherlands. Tel: +31 20 3853757. Fax: +31 20 4853432. E-mail: [email protected]
C OAT I N G S Europe, the activities in architectural coatings acquired with the Construction Chemicals business contributed to the increase in sales. Income from operations was below the previous year’s level. This was primarily due to the appreciation of the euro, higher raw material costs and special charges as a result of an impairment loss on property, plant and equipment and intangible assets in the industrial coatings business in North America. The company plans to further increase sales in 2008 and expects earnings above the previous year’s level. The company is expanding its presence in the growth markets of Eastern Europe and Asia, particularly in Russia, China and India. BASF Annual Report 2007: Shaping the Future, 12 Mar 2008, 72-73 (BASF AG, CarlBosch-Strasse 38, 67056 Ludwigshafen, Germany, tel: +49 21600, fax: +49 21 042525, website: http://www.basf.de)
Permissions may be sought directly from Elsevier Global Rights Department, PO Box 800, Oxford OX5 1DX, UK. Tel: +44 (0) 1865 843830. Fax: +44 (0) 1865 853333. E-mail: [email protected]. You may also contact Global Rights directly through Elsevier’s home page (http://www.elsevier.com), by selecting ‘Support and Contact’, then ‘Copyright and Permission’. Derivative Works Subscribers may reproduce tables of contents or prepare lists of articles including abstracts for internal circulation within their institutions. Permission of the publisher is required for resale or distribution outside the institution. Permission of the publisher is required for all other derivative works, including compilations and translations. Electronic Storage or Usage Permission of the publisher is required to store or use electronically any material contained in this journal, including any article or part of an article. Contact the publisher at the address indicated. Except as outlined above, no part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior written permission of the publisher. Notice No responsibility is assumed by the Publisher for any injury and/or damage to persons or property as a matter of products liability, negligence or otherwise, or from any use or operation of any methods, products, instructions or ideas contained in the material herein. Typeset by Chat Noir Design, France Printed by Mayfield Press (Oxford) © 2008 Elsevier Ltd. All rights reserved