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Greenkote signs agreement with Anochrome to supply its anti-corrosion coatings to customers in UK
F O C U S BASF increases production capacity of Laromer, energycurable resins & speciality monomers BASF will increase its annual capacity for manufacturing energy-curable binders, sold under the brand name Laromer and speciality monomers in Europe by beginning of 2014. Speciality monomers and energycurable binders add value in many applications including coatings for furniture and flooring, inks and overprint varnishes as well as lacquers for coating plastic and metal substrates. The additional capacity will also allow BASF to expand its portfolio of energy-curable binders with new products that are key formulation ingredients for high performance inks and overprint varnishes serving the growing food packaging market. Original Source: BASF, 2013. Found on SpecialChem Coatings and Inks Formulation, 6 Dec 2013, (Website: http://www.specialchem4coatings.com)
Nippon Paint USA sells Seibert Powder Coatings Nippon Paint (USA) Inc, a subsidiary of Japan’s Nippon Paint Co Ltd, signed a deal to sell Seibert Powder Coatings to Protech Chemicals Ltd. Seibert Powder Coatings is a division of NPA Coatings Inc, a wholly owned subsidiary of NP-USA. The deal is expected to be completed by 15 Nov 2013. The sale of Seibert Powder Coatings is part of Nippon Paint’s plans to focus on its core businesses. Original Source: Coatings World, Nov 2013, 18 (11), 13,15 (Website: http://www.coatingsworld.com) © Rodman Publishing 2013
Despite increasing volumes, India Inc loses pricing power Data from Nifty showed that in the quarter ended Sep 2013, even though several Indian companies recorded an increase in their sales, their pricing power has decreased. Most realization 4
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growths recorded by companies were affected by the effect of exchange rate fluctuations. Meanwhile, Ambuja Cements noted higher rural demand as its sales growth driver. These lower realization growths translate to lower profits and margins. A bar graph shows the sales growth of several Indian companies, along with their corresponding realization growth. Asian Paints, for instance, recorded a 12.0% increase in sales, but only recorded a 4.0% increase in realization growth. Original Source: Business Standard, 6 Dec 2013, 18 (82), I.2 (Website: http://www.business-standard.com) © Business Standard Ltd 2013
Greenkote signs agreement with Anochrome to supply its anticorrosion coatings to customers in UK Greenkote PLC has announced a new licensing agreement with Anochrome Technologies Ltd through which Anochrome will provide Greenkote’s advanced anti-corrosion coatings to customers in the UK. Greenkote is a patented thermal diffusion process that applies proprietary zinc-based coatings to ferrous metals and alloys. In addition to blocking corrosion, Greenkote also increases wear resistance, eliminates hydrogen embrittlement and improves adhesion to paints and other topcoats. Original Source: Greenkote, 2013. Found on SpecialChem Coatings and Inks Formulation, 9 Dec 2013, (Website: http://www.specialchem4coatings.com)
DuPont may sell performance chemicals business US-based DuPont may sell its Performance Chemicals segment, following sales of its Performance Coatings businesses in early 2013 and Danisco’s acquisition in 2011. The segment includes the Titanium Technology and Chemicals and Fluoroproducts
C O AT I N G S businesses that generated sales worth $7.2 B in 2012. Original Source: Plastics and Rubber Asia, Sep 2013, 28 (200), 4 (Website: http://www.plasticsandrubberasia.com) © Plastics & Rubber Asia Ltd 2013
Abakan announces completion of phase I of PComP nanocomposite coatings growth & expansion strategy Abakan Inc has completed the Phase I of its PComP nanocomposite coatings growth and expansion strategy, which involved installing additional powder microencapsulation equipment to double throughput. Phase II, expected to be completed by end-2013, will add more nanoparticle production equipment and sintering furnaces to expand production of this highly engineered product to 18 tonnes/y. Phases III and IV are scheduled to expand production to 60, and then 180 tonnes/y over the next twelve months. Further growth and expansion plans over the next 3 years call for the acquisition of up to 10 US based thermal spray production businesses that will have a total of 30-40 spray booths that service the growing oil and gas sector. Each coating cell can generate up to $5 M in revenues. The initial scaling up of powder production capacity of PComP thermal coating powders is to be financed by the proceeds of a recently closed secured term loan and exchange agreement and a demand note in the net amount of $1.22 M in new debt. Original Source: Abakan, 2013. Found on SpecialChem Coatings and Inks Formulation, 12 Dec 2013, (Website: http://www.specialchem4coatings.com)
Arkema announces a project for the divestment of its coating business in South Africa Arkema announces a scheme to divest its two South African affiliates, Arkema Resins Proprietary Ltd and Harveys Composites Proprietary Ltd to FEBRUARY 2014
Nippon Paint USA sells Seibert Powder Coatings Nippon Paint (USA) Inc, a subsidiary of Japan’s Nippon Paint Co Ltd, signed a deal to sell Seibert Powder Coatings to Protech Chemicals Ltd. Seibert Powder Coatings is a division of NPA Coatings Inc, a wholly owned subsidiary of NP-USA. The deal is expected to be completed by 15 Nov 2013. The sale of Seibert Powder Coatings is part of Nippon Paint’s plans to focus on its core businesses. Original Source: Coatings World, Nov 2013, 18 (11), 13,15 (Website: http://www.coatingsworld.com) © Rodman Publishing 2013
Despite increasing volumes, India Inc loses pricing power Data from Nifty showed that in the quarter ended Sep 2013, even though several Indian companies recorded an increase in their sales, their pricing power has decreased. Most realization 4
O N
POWDER
growths recorded by companies were affected by the effect of exchange rate fluctuations. Meanwhile, Ambuja Cements noted higher rural demand as its sales growth driver. These lower realization growths translate to lower profits and margins. A bar graph shows the sales growth of several Indian companies, along with their corresponding realization growth. Asian Paints, for instance, recorded a 12.0% increase in sales, but only recorded a 4.0% increase in realization growth. Original Source: Business Standard, 6 Dec 2013, 18 (82), I.2 (Website: http://www.business-standard.com) © Business Standard Ltd 2013
Greenkote signs agreement with Anochrome to supply its anticorrosion coatings to customers in UK Greenkote PLC has announced a new licensing agreement with Anochrome Technologies Ltd through which Anochrome will provide Greenkote’s advanced anti-corrosion coatings to customers in the UK. Greenkote is a patented thermal diffusion process that applies proprietary zinc-based coatings to ferrous metals and alloys. In addition to blocking corrosion, Greenkote also increases wear resistance, eliminates hydrogen embrittlement and improves adhesion to paints and other topcoats. Original Source: Greenkote, 2013. Found on SpecialChem Coatings and Inks Formulation, 9 Dec 2013, (Website: http://www.specialchem4coatings.com)
DuPont may sell performance chemicals business US-based DuPont may sell its Performance Chemicals segment, following sales of its Performance Coatings businesses in early 2013 and Danisco’s acquisition in 2011. The segment includes the Titanium Technology and Chemicals and Fluoroproducts
C O AT I N G S businesses that generated sales worth $7.2 B in 2012. Original Source: Plastics and Rubber Asia, Sep 2013, 28 (200), 4 (Website: http://www.plasticsandrubberasia.com) © Plastics & Rubber Asia Ltd 2013
Abakan announces completion of phase I of PComP nanocomposite coatings growth & expansion strategy Abakan Inc has completed the Phase I of its PComP nanocomposite coatings growth and expansion strategy, which involved installing additional powder microencapsulation equipment to double throughput. Phase II, expected to be completed by end-2013, will add more nanoparticle production equipment and sintering furnaces to expand production of this highly engineered product to 18 tonnes/y. Phases III and IV are scheduled to expand production to 60, and then 180 tonnes/y over the next twelve months. Further growth and expansion plans over the next 3 years call for the acquisition of up to 10 US based thermal spray production businesses that will have a total of 30-40 spray booths that service the growing oil and gas sector. Each coating cell can generate up to $5 M in revenues. The initial scaling up of powder production capacity of PComP thermal coating powders is to be financed by the proceeds of a recently closed secured term loan and exchange agreement and a demand note in the net amount of $1.22 M in new debt. Original Source: Abakan, 2013. Found on SpecialChem Coatings and Inks Formulation, 12 Dec 2013, (Website: http://www.specialchem4coatings.com)
Arkema announces a project for the divestment of its coating business in South Africa Arkema announces a scheme to divest its two South African affiliates, Arkema Resins Proprietary Ltd and Harveys Composites Proprietary Ltd to FEBRUARY 2014