Europe OEM coatings market sees falling sales but increased investment in paint shops

Europe OEM coatings market sees falling sales but increased investment in paint shops

FOCUS Country focus: Thailand on the road to recovery The paint and coatings market in Thailand currently stands at around Baht 25 bn ($816 M), with a...

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FOCUS Country focus: Thailand on the road to recovery The paint and coatings market in Thailand currently stands at around Baht 25 bn ($816 M), with an overall paint consumption of around 300,000 tonnes/y. Production capacity, meanwhile, is placed at more than 400,000 tonnes/y. The Thai paint and coatings market has benefited from the overall growth in the economy as the country recovers from the 2011 floods. The paint sector is being driven by the increasing sales of decorative paints and coatings for post-flood repairs as well as by new manufacturing plants in the cosmetic and food sector. It is also being propelled by the nation’s first-car purchase subsidy scheme, which has helped the country emerge as the top seller of cars in the ASEAN region in the first eight months of 2012. The establishment of the ASEAN Economic Community in 2015 is

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also anticipated to bring further boost to the country’s paint and coating manufacturers. New launches in 2012, include highend residential paints, water-based paints, powder paints as well as UV inks and coatings. For 2013, the industry is expected to roll out new odourless paints and highfriction flooring lacquers. Original Source: APCJ, Asia Pacific Coatings Journal, Feb 2013, 26 (1), 12 (Website: http://www.asiapacificcoatingsjournal.com/) © Quartz Business Media Ltd 2013

Europe OEM coatings market sees falling sales but increased investment in paint shops European OEM coating producers and their raw material suppliers are reporting shrinking margins as demand for cars in the region declines. Decreased profitability is said to be a major reason for DuPont’s decision to sell DuPont Performance Coatings (DPC), predominantly an OEM and auto refinish coatings business, to

Focus on Powder Coatings (ISSN 1364-5439) is published monthly by Elsevier Ltd. 2013 annual subscription rate: US$1351/€1197 (in Europe)/¥159,700 (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/engineering-village Enquiries, electronic access and samples E-mail: [email protected] Website: http://www.sciencedirect.com For orders for Europe, Middle East and Africa Journals Customer Service, The Boulevard, Langford Lane, Kidlington, Oxford OX1 5GB, UK. Tel: +44 (0) 1865 843434. E-mail: [email protected] For orders for the Americas Journals Customer Service, 11830 Westline Industrial Drive, St Louis, MO 63146, USA. US Customers: Toll-free: +1 877 839 7126. Customers Outside US: Tel: +1 314 453 7076. E-mail: [email protected] For orders for other locations Journals Customer Service, 3 Killiney Road #08-01, Winsland House I, Singapore 239519. Tel: +65 6349 0222. E-mail: [email protected]

C O AT I N G S Washington-based private equity company Carlyle Group. In 1H 2012, DuPont Performance Coatings GmbH, based in Wuppertal, Germany, which is at the core of the OEM coatings operation of DPC, saw its sales rise by 2% to $2.1 bn. Pre-tax operating profit jumped by 30% from $138 M to $179 M. The performance boosted the sales margin from 6.6% in the same period of 2011 to 8.4%, but this remains short of DuPont’s reported target of 11% for its coatings operation. Meanwhile, automobile manufacturers are investing on upgrades of their paint shops as part of efforts to reduce production costs. The paint shops are being modernized to reduce energy consumption and make them more eco efficient. Original Source: Coatings World, Mar 2013, 18 (3), 28-29 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2013

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