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Cytec announces price increase for powder coating resins in The Americas
FOCUS AkzoNobel expands in Asia AkzoNobel intends to construct a new manufacturing plant in Madhya Pradesh, India, to beef up its operations in the country at an investment of Rup 200 crore, in a bid to become a Rup 6800 crore entity in India by 2015. The company also announced its intention of making an entry into the wood coatings segment in India. AkzoNobel presently has five manufacturing plants across India, and the proposed plant will go online by 2013 to manufacture all its products. The new investment in the Greenfield plant and the entry into the wood coatings segment is part of AkzoNobel’s plans to quadruple sales in India by 2015, to reach €1 bn. The company also has plans to construct a new coatings plant at Changzhou, in China to cater to the increasing demand. In addition to building the new facility, the company will also construct related warehousing, quality control laboratories, and offices on the new site. The new production facility will be AkzoNobel’s 29th manufacturing location in China. There are also reports of plans to increase the production capacity of its automotive and aerospace coatings in China at an investment of €60 M. This investment in China will give a fillip to AkzoNobel’s accelerated growth strategy of targeting revenue of $2 bn in China by 2015 and also reinforce the company’s leadership in China’s refinishes market. The project will enhance capacity by about 25 M lts and the site is slated to go online in early 2014. (1 crore=10 M, 1 lakh=100,000). Original Source: Chemical Engineering World, Nov 2011, 46 (11), 4 (Website: http://www.cewindia.com/) © Jasubhai Group 2011
DuPont seeking buyer for automotive coatings business According to insider information, DuPont is looking for a buyer for its automotive coatings business. APRIL 2012
ON
POWDER
A sale could bring in more than $4 bn. Some financial investors have already signaled their interest. Private Equity companies Blackstone, Clayton Dubilier & Rice, and Advent International are said to be considering bidding. Industry experts believe other chemical companies might also express interest. Original Source: Handelsblatt Wirtschaftsund Finanzzeitung, 11 Feb 2011, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2011
Cytec announces price increase for powder coating resins in The Americas Cytec Industries Inc has announced to its customers a selling price increase on all powder coating resins (CRYLCOAT powder resins, ADDITOL powder resins additives, MODAFLOW additives and resins and UVECOAT powder resins) sold in North America and Latin America. The increase will be between $0.06/lb-$0.08/lb and will be effective for shipments on or after 15 Feb 2012 or as contracts allow. This price increase is necessary to compensate for the increase in raw material costs. Cytec’s vision is to deliver speciality chemicals and materials technologies with a focus on innovation. Press release from: Cytec Industries Inc, 5 Garret Mountain Plaza, West Paterson, NJ 07424, USA, tel: +1 973 357 3249 or +1 973 357 3319, e-mail: [email protected], website: http://www.cytec.com (6 Feb 2012)
Emerging Technologies from Cytec at PAINTINDIA 2012 Cytec Industries Inc featured its new and emerging technologies and products at PAINTINDIA held in Mumbai from 23-25 Feb 2012 at the Bombay Exhibition Centre. Cytec showcased the following products at Cytec Booth: EBECRYL 8100 aliphatic urethane acrylate for radiation curable hardcoat application with permanent and remarkably easy fingerprint removal property without smudge for tactile screens
C O AT I N G S in the consumer electronic industry. It also provides stain and chemical resistance, superior oil and water repellent properties; ADDITOL XW 6535 resin provides a new platform technology for pigment concentrates in architectural and industrial coatings markets. Pigment concentrates made from ADDITOL XW 6535 are low in volatile organic compound and allow for high pigment loading. They are ideal for factory tinting or point-ofsale machines with outstanding water-borne and solvent-borne coatings compatibility, superb paste stability without caking or drying; CRYLCOAT E 04279 and CRYLCOAT 4648-0 are low temperature cured resins that improve process efficiency through the ability to fully cure at 150°C-160°C. They provide excellent weathering resistance and blooming resistance which is good for architectural application. Cytec elaborated three featured products in its 3 technical presentations at Paint India Conference, ‘New Trends and Technologies in Ultra Violet/ Electron Beam Cured Coatings’; ‘Dispersant Technology for In-plant and Store Universal Tinting of Bases’; and ‘New Powder Resins for Low Energy-Cure Primid Systems for Architectural Application’. Cytec’s vision is to deliver speciality chemicals and materials technologies with a focus on innovation. Press release from: Cytec Industries Inc, 5 Garret Mountain Plaza, West Paterson, NJ 07424, USA, tel: +1 973 357 3249 or +1 973 357 3319, e-mail: [email protected], website: http://www.cytec.com (8 Feb 2012)
64% fall in net profits forecast for AkzoNobel in 4Q 2011 Analysts are forecasting a net profit of €41 M for AkzoNobel in 4Q 2011, compared with €191 M in 4Q 2010. At the same time turnover is expected to rise from €3.62 bn to €3.72 bn. Original Source: Het Financieele Dagblad, 15 Feb 2012 (Website: http://www.fd.nl/) (in Dutch) © Het Financieele Dagblad 2012
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DuPont seeking buyer for automotive coatings business According to insider information, DuPont is looking for a buyer for its automotive coatings business. APRIL 2012
ON
POWDER
A sale could bring in more than $4 bn. Some financial investors have already signaled their interest. Private Equity companies Blackstone, Clayton Dubilier & Rice, and Advent International are said to be considering bidding. Industry experts believe other chemical companies might also express interest. Original Source: Handelsblatt Wirtschaftsund Finanzzeitung, 11 Feb 2011, (Website: http://www.handelsblatt.com) (in German) © Verlagsgruppe Handelsblatt GmbH & Co KG 2011
Cytec announces price increase for powder coating resins in The Americas Cytec Industries Inc has announced to its customers a selling price increase on all powder coating resins (CRYLCOAT powder resins, ADDITOL powder resins additives, MODAFLOW additives and resins and UVECOAT powder resins) sold in North America and Latin America. The increase will be between $0.06/lb-$0.08/lb and will be effective for shipments on or after 15 Feb 2012 or as contracts allow. This price increase is necessary to compensate for the increase in raw material costs. Cytec’s vision is to deliver speciality chemicals and materials technologies with a focus on innovation. Press release from: Cytec Industries Inc, 5 Garret Mountain Plaza, West Paterson, NJ 07424, USA, tel: +1 973 357 3249 or +1 973 357 3319, e-mail: [email protected], website: http://www.cytec.com (6 Feb 2012)
Emerging Technologies from Cytec at PAINTINDIA 2012 Cytec Industries Inc featured its new and emerging technologies and products at PAINTINDIA held in Mumbai from 23-25 Feb 2012 at the Bombay Exhibition Centre. Cytec showcased the following products at Cytec Booth: EBECRYL 8100 aliphatic urethane acrylate for radiation curable hardcoat application with permanent and remarkably easy fingerprint removal property without smudge for tactile screens
C O AT I N G S in the consumer electronic industry. It also provides stain and chemical resistance, superior oil and water repellent properties; ADDITOL XW 6535 resin provides a new platform technology for pigment concentrates in architectural and industrial coatings markets. Pigment concentrates made from ADDITOL XW 6535 are low in volatile organic compound and allow for high pigment loading. They are ideal for factory tinting or point-ofsale machines with outstanding water-borne and solvent-borne coatings compatibility, superb paste stability without caking or drying; CRYLCOAT E 04279 and CRYLCOAT 4648-0 are low temperature cured resins that improve process efficiency through the ability to fully cure at 150°C-160°C. They provide excellent weathering resistance and blooming resistance which is good for architectural application. Cytec elaborated three featured products in its 3 technical presentations at Paint India Conference, ‘New Trends and Technologies in Ultra Violet/ Electron Beam Cured Coatings’; ‘Dispersant Technology for In-plant and Store Universal Tinting of Bases’; and ‘New Powder Resins for Low Energy-Cure Primid Systems for Architectural Application’. Cytec’s vision is to deliver speciality chemicals and materials technologies with a focus on innovation. Press release from: Cytec Industries Inc, 5 Garret Mountain Plaza, West Paterson, NJ 07424, USA, tel: +1 973 357 3249 or +1 973 357 3319, e-mail: [email protected], website: http://www.cytec.com (8 Feb 2012)
64% fall in net profits forecast for AkzoNobel in 4Q 2011 Analysts are forecasting a net profit of €41 M for AkzoNobel in 4Q 2011, compared with €191 M in 4Q 2010. At the same time turnover is expected to rise from €3.62 bn to €3.72 bn. Original Source: Het Financieele Dagblad, 15 Feb 2012 (Website: http://www.fd.nl/) (in Dutch) © Het Financieele Dagblad 2012
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