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Jotun opens powder coatings factory in China
FOCUS many years in Europe, supplying additives for the maintenance of elastic, mineral-based and textile flooring. Eukula specializes in parquet sealants and oils. Original Source: Farbe und Lack (Online Version), 6 Aug 2012, (Website: http://www.farbeundlack.de) (in German) © Vincentz Network 2012
CIN invests €12 M at its headquarters in Maia, Portugal Portuguese paints and coatings manufacturer CIN plans to invest €12 M in the production facilities at the headquarters in Maia and will therefore expand the powder coatings production capacity for the industrial segment. The project will be carried out in several stages and is scheduled for completion within 5 years. The first phase, which represented an investment of €6 M, already started and was completed in Jul 2012. In the second phase (Dec 2012-Feb 2013) the company will install a special production unit for around €1.5 M. The third and last phase will expand the production capacity to 14,000 tonnes/y. The powder coatings division generates 11% of turnover of CIN Group. The completion of the first phase increased the production capacity by 50% to 10,000 tonnes/y. The additional volume is almost completely earmarked for exports. Original Source: Farbe und Lack (Online Version), 1 Aug 2012, (Website: http://www.farbeundlack.de) (in German) © Vincentz Network 2012
Interpon shines at the Shard inauguration AkzoNobel’s Interpon powder coatings have been used on the newly inaugurated Shard tower in London. Eight different Interpon products were applied to provide coating protection on the Shard, which is now the tallest building in Western Europe. Original Source: Coatings World, Aug 2012, 17 (8), 14-15 (Website: http://www.coatingsworld.com) © Rodman Publishing 2012
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Jotun opens powder coatings factory in China Powder coatings producer Jotun inaugurated its new 130,000 sq m production and R&D facility in China in the week before 11 Jul 2012. The factory, located near an operating coatings plant in Zhangjiangary, will develop products such as Fusion Bond Epoxy powder coatings, hybrid epoxy/polyester powder coatings, polyester powder coatings and other specialized products. Research group IRL approximates China’s 2011 powder coatings consumption at 1.1 M tonnes, about 10% of the country’s coatings market of more than 11 M tonnes. China’s powder coatings market was valued at about RMB Yuan 11 bn in 2009, indicates a recent report by GCiS China Strategic Research. An average market growth of around 12%/y is expected through 2015. Jotun, which has a staff of more than 1500, reports a turnover in the region of over RMB Yuan 3 bn/y (€386 M/y). Original Source: European Paint and Resin News, Jul/Aug 2012, 50 (7/8), 14 (Website: http://www2.pra-world.com/ publications/eprn/) © PRA 2012
Radcure raw materials and equipment directory: Keyland Polymer Ltd Keyland Polymer Ltd, based in Cleveland, OH, USA, has launched UVMax UV-cured powder coatings suited for MDF (medium density fibreboard), plastic, metal, preassembled components and other heat sensitive substrates. The coatings are offered in a variety of finishes. Original Source: Coatings World, Aug 2012, 17 (8), 38 (Website: http://www.coatingsworld.com) © Rodman Publishing 2012
A joint venture between PPG and Asian Paints aims to capture growth in India Indian authorities have approved the expansion of PPG’s Mumbaibased jv with automotive paint
C O AT I N G S supplier Asian Paints and a second 50:50 jv between the two firms. PPG will control the existing expanded 15-year jv, Asian PPG, which will now serve the country’s industrial liquid, marine and consumer packaging coatings market. The new jv, to be controlled by Asian Paints, will cater to the protective, industrial containers, industrial powder and light industrial coatings market. Asian PPG’s sales have been increasing at a compound rate of 15%/y since 2007. Sales in FY 2009/2010 stood at Rup 4903.94 M (€73 M). Original Source: European Paint and Resin News, Jul/Aug 2012, 50 (7/8), 10-11 (Website: http://www2.pra-world.com/ publications/eprn) © PRA 2012
Jotun could be Orkla’s next takeover target Analysts believe that Orkla’s next turnover could be of the Norwegian paints company Jotun, from the Gleditsch family, but the price could be very high. Orkla already owns 42.5% of the capital and 38.2% of the votes in Jotun. In Sep 2011 Orkla failed in a hostile takeover bid for Jotun. However, Orkla now has a new leadership in place which has already succeeded in acquiring family-owned businesses. It is thought Orkla will have to offer a higher price than last year. Jotun has been allocated a sum-of-theparts value of NKR 9.4 bn. It has over 80 companies and nearly 40 production facilities located on all continents. Original Source: Dagens Naeringsliv, 21 Aug 2012, (Website: http://www.dn.no) (in Norwegian) © DN nye medier AS 2012
Dow Chemical 2Q 2012: Coatings and Infrastructure Solutions Dow Chemical Co’s Coatings and Infrastructure Solutions sales were $1.9 bn for 2Q 2012, down 6% compared with 2Q 2011. Volume was flat versus the prior year, and price declined 6%. Dow Water and Process Solutions reported record quarterly sales, OCTOBER 2012
CIN invests €12 M at its headquarters in Maia, Portugal Portuguese paints and coatings manufacturer CIN plans to invest €12 M in the production facilities at the headquarters in Maia and will therefore expand the powder coatings production capacity for the industrial segment. The project will be carried out in several stages and is scheduled for completion within 5 years. The first phase, which represented an investment of €6 M, already started and was completed in Jul 2012. In the second phase (Dec 2012-Feb 2013) the company will install a special production unit for around €1.5 M. The third and last phase will expand the production capacity to 14,000 tonnes/y. The powder coatings division generates 11% of turnover of CIN Group. The completion of the first phase increased the production capacity by 50% to 10,000 tonnes/y. The additional volume is almost completely earmarked for exports. Original Source: Farbe und Lack (Online Version), 1 Aug 2012, (Website: http://www.farbeundlack.de) (in German) © Vincentz Network 2012
Interpon shines at the Shard inauguration AkzoNobel’s Interpon powder coatings have been used on the newly inaugurated Shard tower in London. Eight different Interpon products were applied to provide coating protection on the Shard, which is now the tallest building in Western Europe. Original Source: Coatings World, Aug 2012, 17 (8), 14-15 (Website: http://www.coatingsworld.com) © Rodman Publishing 2012
4
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POWDER
Jotun opens powder coatings factory in China Powder coatings producer Jotun inaugurated its new 130,000 sq m production and R&D facility in China in the week before 11 Jul 2012. The factory, located near an operating coatings plant in Zhangjiangary, will develop products such as Fusion Bond Epoxy powder coatings, hybrid epoxy/polyester powder coatings, polyester powder coatings and other specialized products. Research group IRL approximates China’s 2011 powder coatings consumption at 1.1 M tonnes, about 10% of the country’s coatings market of more than 11 M tonnes. China’s powder coatings market was valued at about RMB Yuan 11 bn in 2009, indicates a recent report by GCiS China Strategic Research. An average market growth of around 12%/y is expected through 2015. Jotun, which has a staff of more than 1500, reports a turnover in the region of over RMB Yuan 3 bn/y (€386 M/y). Original Source: European Paint and Resin News, Jul/Aug 2012, 50 (7/8), 14 (Website: http://www2.pra-world.com/ publications/eprn/) © PRA 2012
Radcure raw materials and equipment directory: Keyland Polymer Ltd Keyland Polymer Ltd, based in Cleveland, OH, USA, has launched UVMax UV-cured powder coatings suited for MDF (medium density fibreboard), plastic, metal, preassembled components and other heat sensitive substrates. The coatings are offered in a variety of finishes. Original Source: Coatings World, Aug 2012, 17 (8), 38 (Website: http://www.coatingsworld.com) © Rodman Publishing 2012
A joint venture between PPG and Asian Paints aims to capture growth in India Indian authorities have approved the expansion of PPG’s Mumbaibased jv with automotive paint
C O AT I N G S supplier Asian Paints and a second 50:50 jv between the two firms. PPG will control the existing expanded 15-year jv, Asian PPG, which will now serve the country’s industrial liquid, marine and consumer packaging coatings market. The new jv, to be controlled by Asian Paints, will cater to the protective, industrial containers, industrial powder and light industrial coatings market. Asian PPG’s sales have been increasing at a compound rate of 15%/y since 2007. Sales in FY 2009/2010 stood at Rup 4903.94 M (€73 M). Original Source: European Paint and Resin News, Jul/Aug 2012, 50 (7/8), 10-11 (Website: http://www2.pra-world.com/ publications/eprn) © PRA 2012
Jotun could be Orkla’s next takeover target Analysts believe that Orkla’s next turnover could be of the Norwegian paints company Jotun, from the Gleditsch family, but the price could be very high. Orkla already owns 42.5% of the capital and 38.2% of the votes in Jotun. In Sep 2011 Orkla failed in a hostile takeover bid for Jotun. However, Orkla now has a new leadership in place which has already succeeded in acquiring family-owned businesses. It is thought Orkla will have to offer a higher price than last year. Jotun has been allocated a sum-of-theparts value of NKR 9.4 bn. It has over 80 companies and nearly 40 production facilities located on all continents. Original Source: Dagens Naeringsliv, 21 Aug 2012, (Website: http://www.dn.no) (in Norwegian) © DN nye medier AS 2012
Dow Chemical 2Q 2012: Coatings and Infrastructure Solutions Dow Chemical Co’s Coatings and Infrastructure Solutions sales were $1.9 bn for 2Q 2012, down 6% compared with 2Q 2011. Volume was flat versus the prior year, and price declined 6%. Dow Water and Process Solutions reported record quarterly sales, OCTOBER 2012