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BASF to spend $40 M in two years in North America
FOCUS 15 tailor-made products were made and supplied.
Original Source: PPCJ, Polymers, Paint, Colour Journal, May 2017, 207 (4631), 5 (Website: http://www.polymerspaintcolourjournal.com/), Copyright dmg events (MEA) Ltd 2017.
Axalta Coating Systems features its powder trend offering Iconica At the 56th annual Salone Internazionale del Mobile in Milan, Italy, in Apr 2017, Axalta Coating Systems has launched its Iconica collection of 40 colours for the Alesta Super Durable powder coatings. Iconica features four colour palettes - Techno Precious, Arty Fusion, Energy Manifesto and Eden Garden. The 40 weather and UV resistant colours was created and curated in partnership with NellyRodi.
Original Source: PPCJ, Polymers, Paint, Colour Journal, May 2017, 207 (4631), 46 (Website: http://www.polymerspaintcolourjournal.com/), Copyright dmg events (MEA) Ltd 2017.
SLIPS Technologies raises new funds Slippery-coatings start-up SLIPS Technologies has secured $8.6 M in new financing round. Anzu Partners, an independent entrepreneur, the Massachusetts Clean Energy Center and BASF Venture Capital contributed nearly twothirds of the investment. The US Department of Energy's Advanced Research Projects Agency-Energy also awarded SLIPS a $3 M grant to test antifouling paints.
Original Source: Chemical and Engineering News, 26 Jun 2017, 95 (26), (Website: http:// cen.acs.org/index.html), Copyright American Chemical Society 2017.
Asian Paints consolidated net profit for the quarter increases by 10.1% Asian Paints Ltd announced on 11 May 2017 their financial results for the quarter and twelve months ended 31 Mar 2017. For the quarter ended 31 Mar 2017, on consolidation of accounts of the subsidiaries and associate of Asian Paints, revenue from operations has risen by 8.9% to Rup 4416.23 crores from Rup 4053.83 crores. Profit before depreciation, interest, tax and other income (PBDIT) for the group increased by 2.1% to Rup 711.87 crores from Rup 697.05 crores. Profit Before Tax (PBT) increased by 4.9% to Rup 689.48 crores from Rup 657.56 crores. Net profit after minority interest increased by 10.4% to Rup 462.22 crores as compared to Rup 418.70 crores in the previous corresponding period. For the twelve months ended 31 Mar 2017, Asian Paints Group Revenue from operations has increased by 7.8% to Rup 17,084.76 crores from Rup 15,841.69 crores. PBDIT for the group has
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increased by 9.1% to Rup 3021.43 crores from Rup 2769.15 crores. Profit Before Tax (PBT) increased by 11.5% to Rup 2914.61 crores from Rup 2613.85 crores. Net Profit after Minority Interest increased by 11.1% to Rup 1939.42 crores as compared to Rup 1745.16 crores in the previous corresponding period. The board of directors recommended the payment of final dividend of Rup 5.65/ equity share (565%). In addition, the board of directors have recommended a one-time special dividend of Rup 2/equity share (200%) of the face value of Rup 1 each for celebrating 75 years of Excellence at Asian Paints. An interim dividend of Rup 2.65/ equity share (265%) was distributed in FY 2016-2017. Thus total dividend announced for FY 2016-2017 will be Rup 10.3/equity share (1030%). The total dividend for the year FY 2015-2016 was Rup 7.50/equity share (750%) of face value of Rup 1 each. (1 crore = 10 M, 1 lakh = 100,000).
Original Source: Asian Paints, 11 May 2017, 12 (Website: http://www.asianpaints.com/), Copyright Asian Paints Ltd 2017.
Dow signs agreements for coatings and silicones investments in Saudi Arabia The Dow Chemical Company signed on 20 May 2017 two agreements to advance the company's strategic, innovation agenda in the Kingdom of Saudi Arabia (KSA) which will bring leading edge technologies to KSA that support the Kingdom's Vision 2030 economic diversification and advanced manufacturing development plan. Dow signed an agreement to construct a state-ofthe-art manufacturing facility to produce a range of polymers for coatings and watertreatment applications, and a memorandum of understanding for a feasibility study related to a proposed investment in the company's Performance Silicones franchise. Located in the PlasChem Park in Jubail, the coatings facility will service the needs of the Saudi Arabian market with an innovative range of acrylic-based polymers for industrial and architectural coatings and water-treatment and detergent applications. The investment will create approximately 1000 jobs during peak construction and approximately 100 high-skilled, full-time operations jobs in the Kingdom, ultimately growing local manufacturing and sustainable economic growth. The proposed silicones investment will include constructing a fully integrated, world-scale siloxanes and high performance silicones complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas. When complete the complex will support the economic impact of KSA through the creation of approximately 350 full-time, technology-skilled jobs.
Original Source: Dow, 20 May 2017, (Website: http://www.dow.com), Copyright The Dow Chemical Company 2017.
C OAT I N G S BASF to spend $40 M in two years in North America Over the following two years, BASF anticipates spending $40 M to improve its automotive coating capabilities in North America. The project includes the expansion of the electrocoat emulsions capacity at its plant in Greenville, OH, US and the primary coating capacity at its facility in Tultitlan, Mexico.
Original Source: Chimie Pharma Hebdo, 25 Jun 2017, (0806), (Website: http://www. industrie.com/chimie) (in French), Copyright ETAI Information 2017.
AkzoNobel strengthens performance coatings business with major acquisitions AkzoNobel has announced the acquisition of UK-based Flexcrete Technologies Ltd and an agreement to acquire French manufacturer Disa Technology (Disatech). The deals will further strengthen AkzoNobel's global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings. Flexcrete Technologies manufactures products primarily used for the protection and repair of concrete substrates. The acquisition will allow AkzoNobel to expand its offering in several key industrial markets, including downstream oil and gas and chemical processing; commercial infrastructure; power; water and waste water; and mining and mineral processing. Disatech supplies innovative adhesive films used in the aerospace, transportation and industrial equipment sectors. Headquartered in Limoges, the company specializes in the manufacture of self-adhesive vinyl, polyester and polycarbonate films used on aircraft, vehicles, agricultural machinery and other equipment, and is the leader in aerospace technical marking systems. The deal will bring new technologies and services that complement AkzoNobel's existing portfolio of coatings and films for aerospace and transport sectors.
Original Source: AkzoNobel, 2017. Found on SpecialChem Coatings and Inks Formulation, 4 Jul 2017, (Website: http://www. specialchem4coatings.com), Copyright AkzoNobel 2017.
New Global Business Director Powder Coatings at Stahl René Rieser has been appointed Global Business Director Powder Coatings at Stahl. In this new position, the paint engineer will take over a number of different tasks. Over the last years, Performance Coatings has been growing fast, thanks to its ability to enter new markets and applications. In order to further diversify growth and establish new markets for Stahl, a Joint Venture was formed in 2015 to establish Stahl Powder Coatings. This new group will focus its market leading know-how to deliver
August 2017
Original Source: PPCJ, Polymers, Paint, Colour Journal, May 2017, 207 (4631), 5 (Website: http://www.polymerspaintcolourjournal.com/), Copyright dmg events (MEA) Ltd 2017.
Axalta Coating Systems features its powder trend offering Iconica At the 56th annual Salone Internazionale del Mobile in Milan, Italy, in Apr 2017, Axalta Coating Systems has launched its Iconica collection of 40 colours for the Alesta Super Durable powder coatings. Iconica features four colour palettes - Techno Precious, Arty Fusion, Energy Manifesto and Eden Garden. The 40 weather and UV resistant colours was created and curated in partnership with NellyRodi.
Original Source: PPCJ, Polymers, Paint, Colour Journal, May 2017, 207 (4631), 46 (Website: http://www.polymerspaintcolourjournal.com/), Copyright dmg events (MEA) Ltd 2017.
SLIPS Technologies raises new funds Slippery-coatings start-up SLIPS Technologies has secured $8.6 M in new financing round. Anzu Partners, an independent entrepreneur, the Massachusetts Clean Energy Center and BASF Venture Capital contributed nearly twothirds of the investment. The US Department of Energy's Advanced Research Projects Agency-Energy also awarded SLIPS a $3 M grant to test antifouling paints.
Original Source: Chemical and Engineering News, 26 Jun 2017, 95 (26), (Website: http:// cen.acs.org/index.html), Copyright American Chemical Society 2017.
Asian Paints consolidated net profit for the quarter increases by 10.1% Asian Paints Ltd announced on 11 May 2017 their financial results for the quarter and twelve months ended 31 Mar 2017. For the quarter ended 31 Mar 2017, on consolidation of accounts of the subsidiaries and associate of Asian Paints, revenue from operations has risen by 8.9% to Rup 4416.23 crores from Rup 4053.83 crores. Profit before depreciation, interest, tax and other income (PBDIT) for the group increased by 2.1% to Rup 711.87 crores from Rup 697.05 crores. Profit Before Tax (PBT) increased by 4.9% to Rup 689.48 crores from Rup 657.56 crores. Net profit after minority interest increased by 10.4% to Rup 462.22 crores as compared to Rup 418.70 crores in the previous corresponding period. For the twelve months ended 31 Mar 2017, Asian Paints Group Revenue from operations has increased by 7.8% to Rup 17,084.76 crores from Rup 15,841.69 crores. PBDIT for the group has
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increased by 9.1% to Rup 3021.43 crores from Rup 2769.15 crores. Profit Before Tax (PBT) increased by 11.5% to Rup 2914.61 crores from Rup 2613.85 crores. Net Profit after Minority Interest increased by 11.1% to Rup 1939.42 crores as compared to Rup 1745.16 crores in the previous corresponding period. The board of directors recommended the payment of final dividend of Rup 5.65/ equity share (565%). In addition, the board of directors have recommended a one-time special dividend of Rup 2/equity share (200%) of the face value of Rup 1 each for celebrating 75 years of Excellence at Asian Paints. An interim dividend of Rup 2.65/ equity share (265%) was distributed in FY 2016-2017. Thus total dividend announced for FY 2016-2017 will be Rup 10.3/equity share (1030%). The total dividend for the year FY 2015-2016 was Rup 7.50/equity share (750%) of face value of Rup 1 each. (1 crore = 10 M, 1 lakh = 100,000).
Original Source: Asian Paints, 11 May 2017, 12 (Website: http://www.asianpaints.com/), Copyright Asian Paints Ltd 2017.
Dow signs agreements for coatings and silicones investments in Saudi Arabia The Dow Chemical Company signed on 20 May 2017 two agreements to advance the company's strategic, innovation agenda in the Kingdom of Saudi Arabia (KSA) which will bring leading edge technologies to KSA that support the Kingdom's Vision 2030 economic diversification and advanced manufacturing development plan. Dow signed an agreement to construct a state-ofthe-art manufacturing facility to produce a range of polymers for coatings and watertreatment applications, and a memorandum of understanding for a feasibility study related to a proposed investment in the company's Performance Silicones franchise. Located in the PlasChem Park in Jubail, the coatings facility will service the needs of the Saudi Arabian market with an innovative range of acrylic-based polymers for industrial and architectural coatings and water-treatment and detergent applications. The investment will create approximately 1000 jobs during peak construction and approximately 100 high-skilled, full-time operations jobs in the Kingdom, ultimately growing local manufacturing and sustainable economic growth. The proposed silicones investment will include constructing a fully integrated, world-scale siloxanes and high performance silicones complex geared towards markets and industries such as home and personal care, automotive, high performance building and construction, solar energy, medical devices, and oil and gas. When complete the complex will support the economic impact of KSA through the creation of approximately 350 full-time, technology-skilled jobs.
Original Source: Dow, 20 May 2017, (Website: http://www.dow.com), Copyright The Dow Chemical Company 2017.
C OAT I N G S BASF to spend $40 M in two years in North America Over the following two years, BASF anticipates spending $40 M to improve its automotive coating capabilities in North America. The project includes the expansion of the electrocoat emulsions capacity at its plant in Greenville, OH, US and the primary coating capacity at its facility in Tultitlan, Mexico.
Original Source: Chimie Pharma Hebdo, 25 Jun 2017, (0806), (Website: http://www. industrie.com/chimie) (in French), Copyright ETAI Information 2017.
AkzoNobel strengthens performance coatings business with major acquisitions AkzoNobel has announced the acquisition of UK-based Flexcrete Technologies Ltd and an agreement to acquire French manufacturer Disa Technology (Disatech). The deals will further strengthen AkzoNobel's global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings. Flexcrete Technologies manufactures products primarily used for the protection and repair of concrete substrates. The acquisition will allow AkzoNobel to expand its offering in several key industrial markets, including downstream oil and gas and chemical processing; commercial infrastructure; power; water and waste water; and mining and mineral processing. Disatech supplies innovative adhesive films used in the aerospace, transportation and industrial equipment sectors. Headquartered in Limoges, the company specializes in the manufacture of self-adhesive vinyl, polyester and polycarbonate films used on aircraft, vehicles, agricultural machinery and other equipment, and is the leader in aerospace technical marking systems. The deal will bring new technologies and services that complement AkzoNobel's existing portfolio of coatings and films for aerospace and transport sectors.
Original Source: AkzoNobel, 2017. Found on SpecialChem Coatings and Inks Formulation, 4 Jul 2017, (Website: http://www. specialchem4coatings.com), Copyright AkzoNobel 2017.
New Global Business Director Powder Coatings at Stahl René Rieser has been appointed Global Business Director Powder Coatings at Stahl. In this new position, the paint engineer will take over a number of different tasks. Over the last years, Performance Coatings has been growing fast, thanks to its ability to enter new markets and applications. In order to further diversify growth and establish new markets for Stahl, a Joint Venture was formed in 2015 to establish Stahl Powder Coatings. This new group will focus its market leading know-how to deliver
August 2017