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Hentzen Coatings announces acquisition of CrossLink Powder Coatings in Clearwater, Florida
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INDUSTRY NEWS Russkie Kraski shows revenue growth above market levels Russkie Kraski (Russian Coatings) had total sales of Roubles 4.6 bn in 2012, a rise of 9% on the previous year. Physical output was down by 3.6% at 33,400 tonnes. The fall was due to lower production of decorative paints based on organic solvents. Demand for the paints and coatings used in architecture and construction fell 5.4%. Sales of materials used in industry were up 20.5%, the automotive repair sector was up 2%, and powder paints were up 24.2%. The company’s main aim in 2013 is to bring new industrial-grade paints and coatings onto the market and increase local capacities at the Dupont-Russkie Kraski joint venture. The company is also to expand production of powder paints (manufactured at the Yaroslavl Powder Paint Plant), and reverse the downward trend in the sales of decorative materials (Yaroslavskie Kraski brand).
ON
POWDER
manufacturer of industrial coatings in the USA, has announced the acquisition of the assets of CrossLink Powder Coatings of Clearwater, FL, USA, effective 28 Feb 2013. CrossLink produces and sells powder coatings for the general industrial and architectural market segments, and has been in business since 1996. Original Source: Hentzen Coatings, 2013. Found on SpecialChem Coatings and Inks Formulation, 5 Mar 2013, (Website: http://www.specialchem4coatings.com)
Teknos, Finland acquires Kemiflora Kaubandus
US-based Thermoclad Co will divest its thermoplastic powder and liquid coatings businesses to Canadian firm Protech/Oxyplast Group. The liquid and powder manufacturing operations of Thermoclad in Erie, PA, USA, will be maintained by Protech.
Teknos, Finland, a maker of paints and coatings, is seeking to acquire Kemiflora Kaubandus, which is a subsidiary of the Kemiflora group, Estonia, during Feb 2013, subject to approval by the Estonian competition authorities. The 2 groups have cooperated over several years. Kemiflora imported Teknos products into Estonia. Kemiflora Kaubandus has a turnover of about €5 M/y. This acquisition will enable Teknos to strengthen its position in Estonia, where its main activities are liquid paints, powder coatings for metal products and industrial coatings for wood and architectural coatings. In Nov 2012, Teknos acquired Wedevag Farg, a specialist in paints for wood and metal industries with a turnover of €13 M. Teknos took over its Swedish research & development (R&D) centre, to be a centre of excellence for interior wood. Teknos has production units in 7 countries: Finland, Sweden, Denmark, Germany, Poland, Russia and China, with a turnover of €250 M/y.
Original Source: Paint & Coatings Industry (PCI), Feb 2013, 29 (2), 20 (Website: http://www.pcimag.com/) © BNP Media 2013
Original Source: Double Liaison, Mar 2013, (591), 10 (Website: http://www.idexpo.com) (in French) © Le Groupe ETAI 2013
Hentzen Coatings announces acquisition of CrossLink Powder Coatings in Clearwater, Florida
AkzoNobel closes 2012 in the red and modifies strategy
Original Source: RCCnews, 20 Feb 2013, (Website: http://www.rccnews.ru/eng) © RCCnews.ru 2013
Protech/Oxyplast Group announces expansion
Hentzen Coatings Inc of Milwaukee, WI, USA, a MAY 2013
2012 was not a profitable year for Dutch chemicals group AkzoNobel which posted net losses of €2.17
C O AT I N G S bn. This decline was blamed on the marked downturn in its decorative paints business (mainly in Europe) during 3Q 2012. In Sep 2012 AkzoNobel posted net losses of €2.4 bn. However, 2012 earnings before interest, tax, depreciation and amortization grew by 4% to €1.9 bn. Turnover was up 5% to €15.39 bn. Sales were boosted by favourable exchange rates and higher prices. However the group suffered a decline in sales by volume, largely because of falling demand in Europe. Turnover from decorative paints increased by 2% to €4.3 bn. Sales progressed well in Asia, thanks to demand from China. By contrast the situation was more delicate in Europe (particularly in France, Spain, Italy and Greece) where sales fell by 1%. At end 2012 AkzoNobel sold its N American decorative paints division to US company PPG for $1.05 bn. AkzoNobel’s second largest division (performance coatings) increased its 2012 turnover by 10% to €5.7 bn. The strongest growth (13%) was registered by the marine and protective coatings segment. In summer 2012 AkzoNobel strengthened this division through the acquisition of German coatings manufacturer Schramm, plus the coatings business of S Korean company SSCP. AkzoNobel’s third branch (speciality chemicals) posted a 4% increase in turnover to €5.54 bn. Although this business started 2012 well, it began slowing down in 2H because of falling demand, particularly in Europe. However the integration of Chinese surfactants producer Boxing Oleochemicals at end 2011 resulted in a 15% in sales of surface chemicals. AkzoNobel predicts that 2013 will be a difficult year with no fundamental changes in the economic climate. The group is aiming for operating profitability of 9% (of turnover) by 2015. At end 2015 it expects to return to an investment level of 14% of turnover and a net debts to earnings before interest, tax, 3
INDUSTRY NEWS Russkie Kraski shows revenue growth above market levels Russkie Kraski (Russian Coatings) had total sales of Roubles 4.6 bn in 2012, a rise of 9% on the previous year. Physical output was down by 3.6% at 33,400 tonnes. The fall was due to lower production of decorative paints based on organic solvents. Demand for the paints and coatings used in architecture and construction fell 5.4%. Sales of materials used in industry were up 20.5%, the automotive repair sector was up 2%, and powder paints were up 24.2%. The company’s main aim in 2013 is to bring new industrial-grade paints and coatings onto the market and increase local capacities at the Dupont-Russkie Kraski joint venture. The company is also to expand production of powder paints (manufactured at the Yaroslavl Powder Paint Plant), and reverse the downward trend in the sales of decorative materials (Yaroslavskie Kraski brand).
ON
POWDER
manufacturer of industrial coatings in the USA, has announced the acquisition of the assets of CrossLink Powder Coatings of Clearwater, FL, USA, effective 28 Feb 2013. CrossLink produces and sells powder coatings for the general industrial and architectural market segments, and has been in business since 1996. Original Source: Hentzen Coatings, 2013. Found on SpecialChem Coatings and Inks Formulation, 5 Mar 2013, (Website: http://www.specialchem4coatings.com)
Teknos, Finland acquires Kemiflora Kaubandus
US-based Thermoclad Co will divest its thermoplastic powder and liquid coatings businesses to Canadian firm Protech/Oxyplast Group. The liquid and powder manufacturing operations of Thermoclad in Erie, PA, USA, will be maintained by Protech.
Teknos, Finland, a maker of paints and coatings, is seeking to acquire Kemiflora Kaubandus, which is a subsidiary of the Kemiflora group, Estonia, during Feb 2013, subject to approval by the Estonian competition authorities. The 2 groups have cooperated over several years. Kemiflora imported Teknos products into Estonia. Kemiflora Kaubandus has a turnover of about €5 M/y. This acquisition will enable Teknos to strengthen its position in Estonia, where its main activities are liquid paints, powder coatings for metal products and industrial coatings for wood and architectural coatings. In Nov 2012, Teknos acquired Wedevag Farg, a specialist in paints for wood and metal industries with a turnover of €13 M. Teknos took over its Swedish research & development (R&D) centre, to be a centre of excellence for interior wood. Teknos has production units in 7 countries: Finland, Sweden, Denmark, Germany, Poland, Russia and China, with a turnover of €250 M/y.
Original Source: Paint & Coatings Industry (PCI), Feb 2013, 29 (2), 20 (Website: http://www.pcimag.com/) © BNP Media 2013
Original Source: Double Liaison, Mar 2013, (591), 10 (Website: http://www.idexpo.com) (in French) © Le Groupe ETAI 2013
Hentzen Coatings announces acquisition of CrossLink Powder Coatings in Clearwater, Florida
AkzoNobel closes 2012 in the red and modifies strategy
Original Source: RCCnews, 20 Feb 2013, (Website: http://www.rccnews.ru/eng) © RCCnews.ru 2013
Protech/Oxyplast Group announces expansion
Hentzen Coatings Inc of Milwaukee, WI, USA, a MAY 2013
2012 was not a profitable year for Dutch chemicals group AkzoNobel which posted net losses of €2.17
C O AT I N G S bn. This decline was blamed on the marked downturn in its decorative paints business (mainly in Europe) during 3Q 2012. In Sep 2012 AkzoNobel posted net losses of €2.4 bn. However, 2012 earnings before interest, tax, depreciation and amortization grew by 4% to €1.9 bn. Turnover was up 5% to €15.39 bn. Sales were boosted by favourable exchange rates and higher prices. However the group suffered a decline in sales by volume, largely because of falling demand in Europe. Turnover from decorative paints increased by 2% to €4.3 bn. Sales progressed well in Asia, thanks to demand from China. By contrast the situation was more delicate in Europe (particularly in France, Spain, Italy and Greece) where sales fell by 1%. At end 2012 AkzoNobel sold its N American decorative paints division to US company PPG for $1.05 bn. AkzoNobel’s second largest division (performance coatings) increased its 2012 turnover by 10% to €5.7 bn. The strongest growth (13%) was registered by the marine and protective coatings segment. In summer 2012 AkzoNobel strengthened this division through the acquisition of German coatings manufacturer Schramm, plus the coatings business of S Korean company SSCP. AkzoNobel’s third branch (speciality chemicals) posted a 4% increase in turnover to €5.54 bn. Although this business started 2012 well, it began slowing down in 2H because of falling demand, particularly in Europe. However the integration of Chinese surfactants producer Boxing Oleochemicals at end 2011 resulted in a 15% in sales of surface chemicals. AkzoNobel predicts that 2013 will be a difficult year with no fundamental changes in the economic climate. The group is aiming for operating profitability of 9% (of turnover) by 2015. At end 2015 it expects to return to an investment level of 14% of turnover and a net debts to earnings before interest, tax, 3