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Sapa acquires extrusion plant in China
FOCUS PPG selected as coatings supplier for Caterpillar’s new North Little Rock plant Caterpillar Inc has selected PPG Industries’ industrial coatings business as the sole heavy-duty equipment coatings supplier for a new motor grader assembly plant in North Little Rock, AR. In addition to serving as a singlesource coatings supplier, PPG Industries is providing on-site technical and product approval support, and in-plant training of paint-line operators through its Knowledge College service in coating application technologies. PPG Industries’ vision is to continue to be the world’s leading coatings and speciality products company. Press release from: PPG Industrial Coatings, One PPG Place, Pittsburgh, PA 15272, USA, tel: +1 888 774 2001, e-mail: [email protected], website: http://www.ppg.com (12 Sep 2011)
AkzoNobel joins hands with Quangxi CAVA Titanium for supply of TiO2 AkzoNobel has inked an agreement with Quangxi CAVA Titanium Industry Co Ltd for the production and supply of titanium dioxide (TiO2), which is used in the manufacture of paints and coatings. The agreement includes construction of a new TiO2 plant in Quinzhou, China by AkzoNobel to address the growing need for TiO2 in the Asian market. The financial details were not revealed. Quangxi CAVA Titanium is at present designing and constructing a 100,000 tonne TiO2 facility in Quinzhou and the production is likely to go on stream by early 2014. Original Source: Chemical Engineering World, Jul 2011, 46 (7), 14 (Website: http://www.cewindia.com/) © Jasubhai Group 2011
Ferro reports improved 1Q 2011 results: result by segment Ferro Corp’s net sales from its electronic materials segment rose to $202,347,000 in 1Q 2011 (period ended 31 Mar 2011 from 4
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$147,233,000 in 1Q 2010 (period ended 31 Mar 2010), while income rose to $32,589,000 from $28,482,000. Net sales in performance coatings rose to $136,700,000 from $128,191,000, while income fell to $7,405,000 from $9,482,000. Net sales in colour and glass performance materials rose to $99,805,000 from $99,332,000, while income increased to $9,830,000 from $7,283,000. Net sales in polymer additives improved to $85,862,000 from $74,476,000, while income rose to $6,451,000 from $3,991,000. Net sales in speciality plastics rose to $42,629,000 from $38,373,000, while income rose to $1,909,000 from $1,819,000. net sales in pharmaceuticals increased to $5,666,000 from $5,260,000, while income rose to $1,156,000 from $125,000. Ferro Results 1Q 2011, 27 Apr 2011, (Ferro Corp, 1000 Lakeside Avenue Cleveland, OH 44114 1147, USA, tel: +1 (216)641 8580, website: http://www.ferro.com)
Ferro Reports 2Q 2011 results: performance coatings Ferro Corp’s net sales in performance coatings rose to $163,481,000 in 2Q 2011 (period ended 30 Jun 2011) from $142,137,000 in 2Q 2010 (period ended 30 Jun 2010), while income decreased to $11,329,000 from $14,422,000. The segment’s net sales also rose to $300,181,000 in 1H 2011 (period ended 30 Jun 2011) from $270,328,000 in 1H 2010 (period ended 30 Jun 2010), while segment income dropped to $18,734,000 from $23,904,000. A company official noted that the segment recorded sequential improvement in segment income from 1Q 2011 to 2Q 2011 as a result of seasonal gains and operational execution improvements that implemented globally. Ferro Results 2Q 2011, 1 Aug 2011, (Ferro Corp, 1000 Lakeside Avenue Cleveland, OH 44114 1147, USA, tel: +1 (216)641 8580, website: http://www.ferro.com)
C O AT I N G S Sapa acquires extrusion plant in China On 23 Sep 2011, Sapa (wholly owned subsidiary of Orkla asa) signed an agreement with Jiangyin Haihong Non-Ferrous Materials Co Ltd (“Haihong”), to acquire the assets and the business of its aluminum profiles facility in Jiangyin, located 150 km North-East of Shanghai. The facility comprises 15 presses with a total capacity of 60,000 tonnes and is one of the larger extrusion operations in the Yangtze River Delta region. The facility is also equipped with casting, anodizing, horizontal powder coating, thermal break and fabrication capabilities. The transaction is subject to government approval, which the parties expect to receive during 4Q 2011. “Sapa has now successfully established a footprint in Asia and with this acquisition in China we are reinforcing our ability to serve customers in the region. We now have established extrusion and fabrication capabilities in India, Vietnam and China. By utilizing the experience and technical knowledge in Sapa, new solutions will be brought to these markets, benefiting both our local and global customers,” says Svein Tore Holsether, President and CEO of Sapa. Haihong was established in 2007 and operations were initiated in 2009. Haihong’s main customer segments are in the solar and industrial markets, while also serving customers in the building and construction and other markets. The company employed 550 people and produced some 20,000 tonnes in 2010. “We are planning to significantly increase both the capacity utilization and capability of the plant and are now building a local organization which meets our requirements,” says Business Area President Profiles Asia, Johan Menckel. “We are also planning to re-locate one of our large presses from North America to this location.” Jarle Dragvik, Managing Director of Sapa NOVEMBER 2011
FOCUS Profiles China, has been appointed MD of the Haihong plant. Press release from: Orkla asa, PO Box 423 Skoyen, 0213 Oslo, Norway, tel: +47 2254 4000, fax: +47 2254 4490, website: http://www.orkla.com (23 Sep 2011)
More interacting, less scratching A research team comprising scientists from DuPont and the Massachusetts Institute of Technology (MIT) in Cambridge, MA, USA, has validated that stronger interactions between polymers and nanoparticles create polymer-particle nanocomposites (PPNCs) that are tougher and more scratch-resistant. The team particularly found that PPNCs containing amine-coated nanoparticles demonstrated superior stiffness and resistance to scratch than those consisting of methyl-coated nanoparticles. The discovery is expected to result in the development of useful products like spray-on coatings that are scratch-resistant. Original Source: Chemistry and Industry (London), 12 Sep 2011, (17) (Website: http://www.chemind.org) © SCI 2011
Jotun blocks takeover bid Jotun AS has rejected a $933 M takeover bid from Norwegian pizza and bathroom cleaner maker Orkla ASA. Orkla sees the acquisition as part of a long-term strategy aimed at allowing the company to participate in the future consolidation of the paint industry. Orkla’s $13,075/share offer would give it 90.9% of Jotun’s voting rights. The company already owns 38.2% of Jotun’s voting rights. Jotun has until 30 Sep 2011 to accept the offer. Original Source: Coatings World, Sep 2011, 16 (9), 12 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
PPG patents polymer additives for powder coatings PPG Industries has been granted Patent No US 7,816,451 B2 for a polymer additive for use in NOVEMBER 2011
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powder coatings. The compound features the reaction product of a highly branched polymer with terminal amine functional groups and a lactam. Original Source: Coatings World, Sep 2011, 16 (9), 20 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
PPG introduces ULTRAX lowtemperature immersion cleaners PPG Industries’ industrial coatings unit offers the lowtemperature immersion cleaners, Ultrax LT5620 and Ultrax LT5630, for eliminating soils and contaminants from metal surfaces in immersion or dip cleaning processes. The solvent-free, lowphosphate cleaners can work at temperatures as low as 85°F compared with standard cleaners that perform at 120-180°F. The products are to be used together with PPG zirconium, zinc and iron pre-treatment solutions. Original Source: Coatings World, Sep 2011, 16 (9), 27 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
AkzoNobel completes acquisition of Schramm Holding AG On 7 Oct 2011, AkzoNobel completed its acquisition of more than 95% of the shares of coatings manufacturer Schramm Holding AG. The deal was first announced in Jun 2011. Based in Germany and listed on the Hong Kong Stock Exchange, Schramm manufactures and markets coatings for plastics, metals and electrical insulation as well as coil coatings for aluminium. It achieved global revenues in 2010 of €115 M and employs around 800 people. In addition to the Schramm deal, the company expects to finalize the acquisition of South Korean SSCP’s coatings business as of 1 Nov 2011. SSCP was also the majority shareholder of Schramm until this deal. These acquisitions underline AkzoNobel’s determination to accelerate growth and to build leadership positions across all
C O AT I N G S global markets in line with the company’s Value and Values strategy. Press release from: AkzoNobel, Strawinskylaan 2555, PO Box 75730, 1070 AS Amsterdam, the Netherlands, tel: +31 20 502 7555, fax: +31 20 502 7666, website: http://www.akzonobel.com (7 Oct 2011)
AkzoNobel Powder Coatings expands Turkish production facilities AkzoNobel Powder Coatings reports the opening of new facilities at its manufacturing plant in Izmir, Turkey. Additions include a new R & D laboratory, warehouse and office extensions. The production facility opened in July 2000 as part of a joint venture with the Altan family. It has become important as a supplier of architectural products to Europe. Press release from: AkzoNobel Powder Coatings, website: http://www.interpon.com (26 Sep 2011)
Resinall Rutgers Resins Purchases Neville Chemical Europe BV Resinall Rutgers Resins GmbH (RRR), a joint venture between the German Rutgers Novares GmbH and the Belgian Resinall Europe bvba, is acquiring the chemicals company Neville Chemicals Europe BV. The acquisition is designed to strengthen the joint venture partners’ position as European producers of industrial resins. The acquired company has headquarters in Uithoom, The Netherlands, for marketing hydrocarbon resins for a variety of industrial applications. Press release from: Resinall Rutgers Resins, Duisberg, Germany, website: http://www.resinall.com (4 Oct 2011)
MARKETS Russia: paints producers battling against counterfeit products The Russian building industry is growing again and consequently so is the paints and coatings market. Whereas foreign brands are popular with Russian consumers, local producers are 5
AkzoNobel joins hands with Quangxi CAVA Titanium for supply of TiO2 AkzoNobel has inked an agreement with Quangxi CAVA Titanium Industry Co Ltd for the production and supply of titanium dioxide (TiO2), which is used in the manufacture of paints and coatings. The agreement includes construction of a new TiO2 plant in Quinzhou, China by AkzoNobel to address the growing need for TiO2 in the Asian market. The financial details were not revealed. Quangxi CAVA Titanium is at present designing and constructing a 100,000 tonne TiO2 facility in Quinzhou and the production is likely to go on stream by early 2014. Original Source: Chemical Engineering World, Jul 2011, 46 (7), 14 (Website: http://www.cewindia.com/) © Jasubhai Group 2011
Ferro reports improved 1Q 2011 results: result by segment Ferro Corp’s net sales from its electronic materials segment rose to $202,347,000 in 1Q 2011 (period ended 31 Mar 2011 from 4
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$147,233,000 in 1Q 2010 (period ended 31 Mar 2010), while income rose to $32,589,000 from $28,482,000. Net sales in performance coatings rose to $136,700,000 from $128,191,000, while income fell to $7,405,000 from $9,482,000. Net sales in colour and glass performance materials rose to $99,805,000 from $99,332,000, while income increased to $9,830,000 from $7,283,000. Net sales in polymer additives improved to $85,862,000 from $74,476,000, while income rose to $6,451,000 from $3,991,000. Net sales in speciality plastics rose to $42,629,000 from $38,373,000, while income rose to $1,909,000 from $1,819,000. net sales in pharmaceuticals increased to $5,666,000 from $5,260,000, while income rose to $1,156,000 from $125,000. Ferro Results 1Q 2011, 27 Apr 2011, (Ferro Corp, 1000 Lakeside Avenue Cleveland, OH 44114 1147, USA, tel: +1 (216)641 8580, website: http://www.ferro.com)
Ferro Reports 2Q 2011 results: performance coatings Ferro Corp’s net sales in performance coatings rose to $163,481,000 in 2Q 2011 (period ended 30 Jun 2011) from $142,137,000 in 2Q 2010 (period ended 30 Jun 2010), while income decreased to $11,329,000 from $14,422,000. The segment’s net sales also rose to $300,181,000 in 1H 2011 (period ended 30 Jun 2011) from $270,328,000 in 1H 2010 (period ended 30 Jun 2010), while segment income dropped to $18,734,000 from $23,904,000. A company official noted that the segment recorded sequential improvement in segment income from 1Q 2011 to 2Q 2011 as a result of seasonal gains and operational execution improvements that implemented globally. Ferro Results 2Q 2011, 1 Aug 2011, (Ferro Corp, 1000 Lakeside Avenue Cleveland, OH 44114 1147, USA, tel: +1 (216)641 8580, website: http://www.ferro.com)
C O AT I N G S Sapa acquires extrusion plant in China On 23 Sep 2011, Sapa (wholly owned subsidiary of Orkla asa) signed an agreement with Jiangyin Haihong Non-Ferrous Materials Co Ltd (“Haihong”), to acquire the assets and the business of its aluminum profiles facility in Jiangyin, located 150 km North-East of Shanghai. The facility comprises 15 presses with a total capacity of 60,000 tonnes and is one of the larger extrusion operations in the Yangtze River Delta region. The facility is also equipped with casting, anodizing, horizontal powder coating, thermal break and fabrication capabilities. The transaction is subject to government approval, which the parties expect to receive during 4Q 2011. “Sapa has now successfully established a footprint in Asia and with this acquisition in China we are reinforcing our ability to serve customers in the region. We now have established extrusion and fabrication capabilities in India, Vietnam and China. By utilizing the experience and technical knowledge in Sapa, new solutions will be brought to these markets, benefiting both our local and global customers,” says Svein Tore Holsether, President and CEO of Sapa. Haihong was established in 2007 and operations were initiated in 2009. Haihong’s main customer segments are in the solar and industrial markets, while also serving customers in the building and construction and other markets. The company employed 550 people and produced some 20,000 tonnes in 2010. “We are planning to significantly increase both the capacity utilization and capability of the plant and are now building a local organization which meets our requirements,” says Business Area President Profiles Asia, Johan Menckel. “We are also planning to re-locate one of our large presses from North America to this location.” Jarle Dragvik, Managing Director of Sapa NOVEMBER 2011
FOCUS Profiles China, has been appointed MD of the Haihong plant. Press release from: Orkla asa, PO Box 423 Skoyen, 0213 Oslo, Norway, tel: +47 2254 4000, fax: +47 2254 4490, website: http://www.orkla.com (23 Sep 2011)
More interacting, less scratching A research team comprising scientists from DuPont and the Massachusetts Institute of Technology (MIT) in Cambridge, MA, USA, has validated that stronger interactions between polymers and nanoparticles create polymer-particle nanocomposites (PPNCs) that are tougher and more scratch-resistant. The team particularly found that PPNCs containing amine-coated nanoparticles demonstrated superior stiffness and resistance to scratch than those consisting of methyl-coated nanoparticles. The discovery is expected to result in the development of useful products like spray-on coatings that are scratch-resistant. Original Source: Chemistry and Industry (London), 12 Sep 2011, (17) (Website: http://www.chemind.org) © SCI 2011
Jotun blocks takeover bid Jotun AS has rejected a $933 M takeover bid from Norwegian pizza and bathroom cleaner maker Orkla ASA. Orkla sees the acquisition as part of a long-term strategy aimed at allowing the company to participate in the future consolidation of the paint industry. Orkla’s $13,075/share offer would give it 90.9% of Jotun’s voting rights. The company already owns 38.2% of Jotun’s voting rights. Jotun has until 30 Sep 2011 to accept the offer. Original Source: Coatings World, Sep 2011, 16 (9), 12 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
PPG patents polymer additives for powder coatings PPG Industries has been granted Patent No US 7,816,451 B2 for a polymer additive for use in NOVEMBER 2011
ON
POWDER
powder coatings. The compound features the reaction product of a highly branched polymer with terminal amine functional groups and a lactam. Original Source: Coatings World, Sep 2011, 16 (9), 20 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
PPG introduces ULTRAX lowtemperature immersion cleaners PPG Industries’ industrial coatings unit offers the lowtemperature immersion cleaners, Ultrax LT5620 and Ultrax LT5630, for eliminating soils and contaminants from metal surfaces in immersion or dip cleaning processes. The solvent-free, lowphosphate cleaners can work at temperatures as low as 85°F compared with standard cleaners that perform at 120-180°F. The products are to be used together with PPG zirconium, zinc and iron pre-treatment solutions. Original Source: Coatings World, Sep 2011, 16 (9), 27 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2011
AkzoNobel completes acquisition of Schramm Holding AG On 7 Oct 2011, AkzoNobel completed its acquisition of more than 95% of the shares of coatings manufacturer Schramm Holding AG. The deal was first announced in Jun 2011. Based in Germany and listed on the Hong Kong Stock Exchange, Schramm manufactures and markets coatings for plastics, metals and electrical insulation as well as coil coatings for aluminium. It achieved global revenues in 2010 of €115 M and employs around 800 people. In addition to the Schramm deal, the company expects to finalize the acquisition of South Korean SSCP’s coatings business as of 1 Nov 2011. SSCP was also the majority shareholder of Schramm until this deal. These acquisitions underline AkzoNobel’s determination to accelerate growth and to build leadership positions across all
C O AT I N G S global markets in line with the company’s Value and Values strategy. Press release from: AkzoNobel, Strawinskylaan 2555, PO Box 75730, 1070 AS Amsterdam, the Netherlands, tel: +31 20 502 7555, fax: +31 20 502 7666, website: http://www.akzonobel.com (7 Oct 2011)
AkzoNobel Powder Coatings expands Turkish production facilities AkzoNobel Powder Coatings reports the opening of new facilities at its manufacturing plant in Izmir, Turkey. Additions include a new R & D laboratory, warehouse and office extensions. The production facility opened in July 2000 as part of a joint venture with the Altan family. It has become important as a supplier of architectural products to Europe. Press release from: AkzoNobel Powder Coatings, website: http://www.interpon.com (26 Sep 2011)
Resinall Rutgers Resins Purchases Neville Chemical Europe BV Resinall Rutgers Resins GmbH (RRR), a joint venture between the German Rutgers Novares GmbH and the Belgian Resinall Europe bvba, is acquiring the chemicals company Neville Chemicals Europe BV. The acquisition is designed to strengthen the joint venture partners’ position as European producers of industrial resins. The acquired company has headquarters in Uithoom, The Netherlands, for marketing hydrocarbon resins for a variety of industrial applications. Press release from: Resinall Rutgers Resins, Duisberg, Germany, website: http://www.resinall.com (4 Oct 2011)
MARKETS Russia: paints producers battling against counterfeit products The Russian building industry is growing again and consequently so is the paints and coatings market. Whereas foreign brands are popular with Russian consumers, local producers are 5