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Jotun delivers solid results
FOCUS Jotun delivers solid results Jotun Group recorded sales of NKR 5.48 bn (+4.8%) and an operating profit of NKR 935 M (+20.8%) in the first four months of 2016. While somewhat lower growth is anticipated moving forward, the group expects to deliver good results in 2016. Jotun remains committed to an ambitious investment program. In the first four months of 2016, the company' total investment in property, factories, equipment and intangible assets amounted to NKR 323 M. These investments, which represent about 6% of the company's total revenue, are necessary in pursuit of the company's strategic growth ambitions. Overall, underlying volume growth is solid, at 10% so far in 2016. However, weak demand for new buildings is likely to slow growth in the Marine Coatings segment while low oil prices continue to depress activity in the offshore sector, impacting sales of Protective Coatings going forward. By contrast, growth in the Decorative Paint and Powder Coatings segment is expected to continue. Commodity prices remain favorable but are expected to rise in the future.
ON
POWDER
design consultants collaborate with BASF inhouse designers and engineers. BASF design experts focus on appearance, colour, surface and function, while BASF engineers provide assistance in the development of component design adapted to plastics.
Original Source: BASF, 31 May 2016. Found on SpecialChem Coatings and Inks Formulation, (Website: http://www.specialchem4coatings. com) Copyright BASF 2016
AkzoNobel expands coatings plant in Indonesia AkzoNobel has accomplished phase one of expanding its performance coatings facility in Cikarang, Indonesia. The project has a $2.5 M investment and will raise capacity by 40% to meet rising demand from power and petrochemical sectors. AkzoNobel employs 1000 workers in Indonesia.
Original Source: Chemical Engineering World, May 2016, 51 (5), 15 (Website: http://www. cewindia.com) Copyright Jasubhai Group 2016
Original Source: Jotun, 2 Jun 2016, (Website: http://www.jotun.com/) Copyright Jotun 2016
CCI Okays AkzoNobel-BASF deal Indian fair trade watchdog CCI has given approval for AkzoNobel's acquisition of industrial coatings business of BASF SE for €475 M. Both parties have Indian operations through AkzoNobel India and BASF India. The deal mainly covers the development, manufacture, commercialization and distribution of coil coatings and protective coatings.
Original Source: Business Line, 1 Jun 2016, 23 (130), 3 (Website: http://www. thehindubusinessline.com) Copyright The Hindu Business Line 2016
BASF opens new platform to help bring innovative design ideas in coatings BASF is connecting with designers in AsiaPacific at a new regional platform for design activities, located in Shanghai, China. designfabrik helps designers in Asia-Pacific realize their concepts by bridging the gaps between creative ideas and the possibilities of various materials. At the same facility, BASF is also hosting design-related activities for coatings solutions, care chemicals, construction chemicals, pigments and leather chemicals. The hub provides advanced solutions for multiple industries including automotive, cosmetics, building and consumer goods. The new platform is located at the BASF Innovation Campus Asia Pacific (Shanghai), the company's largest research and development (R&D) site in the region and the global headquarters of Advanced Materials & Systems Research. At designfabrik, customers' designers and
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PPG marks completion of $10 M coatings center of excellence in Tianjin, China PPG has held a ceremony marking the completion of a new $10 M coatings center of excellence at its existing complex in Tianjin, China. The new facility will serve regional customers in the automotive plastics and decorative accessories industry. The new coatings center, which is the first PPG facility in China dedicated to customers in this part of the automotive supply chain, offers worldclass development and process capabilities to help PPG customers that manufacture automotive decorative parts achieve better color consistency and shorter lead times.
Original Source: PPG Industries, 15 Jun 2016, (PPG Industries, website: http://www.ppg.com/) Copyright PPG Industries 2016
BASF expands production capacities for automotive coatings in Thailand German BASF Group is building a new production facility for water-based and solvent-based coatings in Bangpoo in Thailand. The plant is scheduled to come onstream in 2H 2017. The new plant complements BASFs ASEAN Coatings Technical Competence Center opened in Sep 2015. The centre operates highly advanced facilities and laboratory equipment for product development, testing, coating application and colour design as well as a unit for the production of small batches. BASF is now in a better position to meet the large demand of the growing automotive industry in ASEAN countries. The company is a leading supplier of motorbike coatings in Thailand. Around 3.8 M cars were manufactured in the ASEAN region in 2015.
C OAT I N G S Thailand represents the largest market for automotive coatings in the ASEAN region, followed by Indonesia and Malaysia.
Original Source: Farbe und Lack (Online Version), 13 Jun 2016, (Website: http://www. farbeundlack.de/) (in German) Copyright Vincentz Network 2016
BASF to buy Albemarle unit Germany-based chemical major BASF SE is acquiring Albemarle Corp surface treatment arm Chemetall. Expected to close by end-2016, the $3.2 bn cash deal will boost BASF's automotive coatings business. BASF's coatings segment achieved €3.2 bn of revenues in 2015, with significant contribution from the automotive sector.
Original Source: Business Line, 18 Jun 2016, 23 (145), 5 (Website: http://www. thehindubusinessline.com) Copyright The Hindu Business Line 2016
Dow increases glycidyl methacrylate capacity The Dow Chemical Company has expanded the glycidyl methacrylate (GMA) capacity at its plant in Freeport, TX, US, by 30% to address global demand for the monomer for specialty coatings and resins.
Original Source: America Coatings Association, 22 Jun 2016, (Website: http://www.paint.org/) Copyright American Coatings Association 2016
TECHNOLOGY Improve surface levelling of powder coating with semi-crystalline polyester resin The levelling performance of polyester powder coating is not as well as liquid coating due to its matrix polyester resin. 1,6hexanediol (HDO), neopentyl glycol (NPG), terephthalic acid (PTA), isophthalic acid (IPA) were used to synthesize semi-crystalline polyester resin (HDO, PTA and IPA) and amorphous polyester resin (NPG, PTA and IPA). The semi-crystalline polyester resin was introduced to powder coating for further use. The structure of semi-crystalline polyester resin was characterized by 1Hnuclear magnetic resonance (1H NMR) and X-ray powder diffraction (XRD). The viscosity of the polyester resins were investigated by cone-and-plate viscometer (CPV). The reactivity of the coatings was characterized by differential scanning calorimetry (DSC). The levelling performance was studied by flow, cone-and-plate viscometer (CPV), atomic force microscope (AFM) and scanning electron microscope (SEM). The results showed that the semi-crystalline polyester powder coating had higher reactivity and
August 2016
ON
POWDER
design consultants collaborate with BASF inhouse designers and engineers. BASF design experts focus on appearance, colour, surface and function, while BASF engineers provide assistance in the development of component design adapted to plastics.
Original Source: BASF, 31 May 2016. Found on SpecialChem Coatings and Inks Formulation, (Website: http://www.specialchem4coatings. com) Copyright BASF 2016
AkzoNobel expands coatings plant in Indonesia AkzoNobel has accomplished phase one of expanding its performance coatings facility in Cikarang, Indonesia. The project has a $2.5 M investment and will raise capacity by 40% to meet rising demand from power and petrochemical sectors. AkzoNobel employs 1000 workers in Indonesia.
Original Source: Chemical Engineering World, May 2016, 51 (5), 15 (Website: http://www. cewindia.com) Copyright Jasubhai Group 2016
Original Source: Jotun, 2 Jun 2016, (Website: http://www.jotun.com/) Copyright Jotun 2016
CCI Okays AkzoNobel-BASF deal Indian fair trade watchdog CCI has given approval for AkzoNobel's acquisition of industrial coatings business of BASF SE for €475 M. Both parties have Indian operations through AkzoNobel India and BASF India. The deal mainly covers the development, manufacture, commercialization and distribution of coil coatings and protective coatings.
Original Source: Business Line, 1 Jun 2016, 23 (130), 3 (Website: http://www. thehindubusinessline.com) Copyright The Hindu Business Line 2016
BASF opens new platform to help bring innovative design ideas in coatings BASF is connecting with designers in AsiaPacific at a new regional platform for design activities, located in Shanghai, China. designfabrik helps designers in Asia-Pacific realize their concepts by bridging the gaps between creative ideas and the possibilities of various materials. At the same facility, BASF is also hosting design-related activities for coatings solutions, care chemicals, construction chemicals, pigments and leather chemicals. The hub provides advanced solutions for multiple industries including automotive, cosmetics, building and consumer goods. The new platform is located at the BASF Innovation Campus Asia Pacific (Shanghai), the company's largest research and development (R&D) site in the region and the global headquarters of Advanced Materials & Systems Research. At designfabrik, customers' designers and
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PPG marks completion of $10 M coatings center of excellence in Tianjin, China PPG has held a ceremony marking the completion of a new $10 M coatings center of excellence at its existing complex in Tianjin, China. The new facility will serve regional customers in the automotive plastics and decorative accessories industry. The new coatings center, which is the first PPG facility in China dedicated to customers in this part of the automotive supply chain, offers worldclass development and process capabilities to help PPG customers that manufacture automotive decorative parts achieve better color consistency and shorter lead times.
Original Source: PPG Industries, 15 Jun 2016, (PPG Industries, website: http://www.ppg.com/) Copyright PPG Industries 2016
BASF expands production capacities for automotive coatings in Thailand German BASF Group is building a new production facility for water-based and solvent-based coatings in Bangpoo in Thailand. The plant is scheduled to come onstream in 2H 2017. The new plant complements BASFs ASEAN Coatings Technical Competence Center opened in Sep 2015. The centre operates highly advanced facilities and laboratory equipment for product development, testing, coating application and colour design as well as a unit for the production of small batches. BASF is now in a better position to meet the large demand of the growing automotive industry in ASEAN countries. The company is a leading supplier of motorbike coatings in Thailand. Around 3.8 M cars were manufactured in the ASEAN region in 2015.
C OAT I N G S Thailand represents the largest market for automotive coatings in the ASEAN region, followed by Indonesia and Malaysia.
Original Source: Farbe und Lack (Online Version), 13 Jun 2016, (Website: http://www. farbeundlack.de/) (in German) Copyright Vincentz Network 2016
BASF to buy Albemarle unit Germany-based chemical major BASF SE is acquiring Albemarle Corp surface treatment arm Chemetall. Expected to close by end-2016, the $3.2 bn cash deal will boost BASF's automotive coatings business. BASF's coatings segment achieved €3.2 bn of revenues in 2015, with significant contribution from the automotive sector.
Original Source: Business Line, 18 Jun 2016, 23 (145), 5 (Website: http://www. thehindubusinessline.com) Copyright The Hindu Business Line 2016
Dow increases glycidyl methacrylate capacity The Dow Chemical Company has expanded the glycidyl methacrylate (GMA) capacity at its plant in Freeport, TX, US, by 30% to address global demand for the monomer for specialty coatings and resins.
Original Source: America Coatings Association, 22 Jun 2016, (Website: http://www.paint.org/) Copyright American Coatings Association 2016
TECHNOLOGY Improve surface levelling of powder coating with semi-crystalline polyester resin The levelling performance of polyester powder coating is not as well as liquid coating due to its matrix polyester resin. 1,6hexanediol (HDO), neopentyl glycol (NPG), terephthalic acid (PTA), isophthalic acid (IPA) were used to synthesize semi-crystalline polyester resin (HDO, PTA and IPA) and amorphous polyester resin (NPG, PTA and IPA). The semi-crystalline polyester resin was introduced to powder coating for further use. The structure of semi-crystalline polyester resin was characterized by 1Hnuclear magnetic resonance (1H NMR) and X-ray powder diffraction (XRD). The viscosity of the polyester resins were investigated by cone-and-plate viscometer (CPV). The reactivity of the coatings was characterized by differential scanning calorimetry (DSC). The levelling performance was studied by flow, cone-and-plate viscometer (CPV), atomic force microscope (AFM) and scanning electron microscope (SEM). The results showed that the semi-crystalline polyester powder coating had higher reactivity and
August 2016