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Asian Paints lists first quarter results
Asian Paints announced
their results for the first quarter ended June 30, 2005. Compared with
the corresponding quarter in the previous year, the company?s net
sales (including its subsidiaries) has increased by 24.3% to INR
6630.6m (EUR 123.7m). Profit before depreciation, interest and tax (PBDIT)
increased by 15.3% to INR 869.18m (EUR 16.2m). On a standalone basis,
Asian Paints Limited net sales increased by 27.1% to INR 5105.89m (EUR
95,2m); PBDIT increased by 19.8% to INR 788.31m (EUR 14.7m). Net
Profit for Asian Paints Limited registered an increase of 32.1% to INR
441.73m (EUR 8.2m).
Shalimar plans unit in south India
Coatings Flash -
August 01, 2005
Shalimar Paints is eyeing greenfield options in southern India in a
bid to expand its manufacturing base. Speaking on the sidelines of the
company's annual general meeting in Kolkata on 28 July, Ratan Jindal,
director of Shalimar Paints, said the company had decided to expand
its presence in the south which would mostly likely be through the
greenfield route. The investment in the venture could be to the tune
of 150-200 million INR (2,85 3.8 million EUR). Jindal said the new
plant would cater to both the decorative and industrial segments. The
expansion programmes lined up would take Shalimar's annual capacity
from 33,000 kilo litres (kl) to 40,000 kl. As yet, the company has
three manufacturing units, at Howrah, Nasik and Sikandrabad.
Powder coating applied to MDF board
The Trimatrx system, a product and process system developed between
Dulux Powder Coatings, Orica Adhesives & Resins and Alpine MDF
Industries whereby powder coating can be applied to Medium Density
Fibre (MDF) board, is suitable for use in most areas that MDF can be
used.
The Trimatrx System is the application of the Dulux Trimatrx Powder
Coating onto the Trimatrx MDF Board by a Dulux Applicator for Heat
Sensitive Substrates.
Trimatrx Powder Coating provides an excellent finish and has very good
resistance to heat, moisture and humidity, as well as, very good
surface hardness, flexibility and chemical resistance, normally
associated with conventional powder coating. Trimatrx has a low
environmental impact as it has low solvents, low VOC’s and low
wastage. It is available in 16 stock colours but can also be
manufactured in virtually any colour, in either a solid, pearlescent
or textured effect in a matt or satin finish.
The Trimatrx MDF Board is a unique high quality MDF board, ideally
suited for powder coating, but also suitable for many other
applications. Trimatrx MDF Board is manufactured from environmentally
managed forests and can be shaped and routed to a high quality finish.
Trimatrx MDF Board ensures an excellent result due to its ability to
withstand greater temperature, humidity, moisture and chemical
variances, the end result being the control of post cure edge
cracking, structural deterioration and warping.<more>
JCB commissions Rs30cr
paint facility
Faridabad: Construction equipment manufacturer, JCB India commissioned
its new Rs 30 crore powder coating paint facility at its Ballabgarh
plant here. Today in Sify Finance
JCB India Limited is a subsidiary of JC Bamford Excavators Limited,
UK. It manufactures 11 different machines in four product types -
Backhoe Loaders, Loading Shovels, Tracked Excavators, and Skid Steer
Loaders. <more>
Warsaw coatings plant to hire 6 employees
The Rohm and Haas Powder Coatings plant in Warsaw will hire six more
workers, the company’s plant manager said.
The hourly workers will be hired as production technicians in the
70,000-square-foot plant, which already employs 90, plant manager
Keith Ort said. He declined to reveal the average hourly wage of plant
workers.
Rohm and Haas makes powder coatings at the Warsaw plant at 1102 Leiter
Road. Powder coating is a method of applying dry paint to a variety of
objects: automotive parts such as wheels and bumpers; commercial,
industrial and historical buildings for a lasting finish; and everyday
products such as lighting fixtures.
In late May, the Philadelphia-based company closed its Wytheville,
Va., plant and transferred work to Warsaw and Reading, Pa.
The change allowed to company to take advantage of proximity to major
customers and transportation hubs as well as manufacturing
flexibility, the company said in a written statement in late May.
Business recovering from fire
Last Friday's fire that drew a response by Norman and Oklahoma City
firefighters was the first for the local auto repair shop, not second
as reported.
According to a report in Saturday's Transcript, officials converged on
Jennings and King Transmission and Auto Repair, 17900 S. Sooner Road,
after a car inside the four-car-garage structure erupted in flames at
5:31 p.m. Firefighters had the flames extinguished in less than 10
minutes, and while the fire was contained to the car, the building
suffered smoke and water damage. Owner Bruce Jennings doesn't dispute
what happened to his business; it just wasn't the second time. "I've
been in business for about 25 years and this is the first fire we have
had," Jennings said.
Jennings believes the fire started when a Lincoln Town Car he had
worked on experienced an electrical short. The owners had asked
Jennings to move it into the shop and keep it out of the elements.
"I was nice and put it into my shop, and my business burns up," he
said. "It was an electrical short, and you never know when it's going
to happen." Jennings estimates the shop and his powder-coating
business, located in the same building, will be ready for customers in
about a week. While he gets his shop in order and sees to repairs,
Jennings seems to have a positive attitude about the experience.
"If the (customers) had taken their car home, it would have burned the
house down," he said. "It's a good thing, bad thing situation." <more>
Trio Industries Group, Inc. and UTEK Corporation Announce Strategic
Alliance Agreement for Technology Transfer
August 11, 2005
08:25 AM US Eastern Timezone
DALLAS & PLANT CITY, Fla.--(BUSINESS WIRE)--Aug. 11, 2005--Trio
Industries Group, Inc. (Pink Sheets:TRIG), a fully integrated
manufacturer of cabinet components, contract furniture and
audio-visual elements, and UTEK Corporation (AMEX:UTK) (LSE-AIM:UTKA),
an innovative technology transfer company, announced today the signing
of a strategic alliance agreement.
Robert Gyemant, co-founder and CEO of Trio Industries Group, Inc.
said, "We are very pleased to retain UTEK to help identify proprietary
technology acquisition opportunities. Trio Industries has spent three
years refining its existing production technology and we believe our
alliance with UTEK will allow us to contribute to our current
development efforts."
"UTEK looks forward to working with Trio Industries Group, Inc. to
identify potential technology acquisition opportunities that fit its
strategic vision," commented Doug Schaedler, Chief Operating Officer
of UTEK.
Through its strategic alliance agreements, UTEK assists companies in
enhancing their new product pipeline with the acquisition of
proprietary intellectual capital from universities and laboratory
research centers. Strategic alliance agreements are generally
cancelable by either party with thirty days advance written notice.
First commercial utilized EMB
powder coat machine delivered.
EMB Technology announced
today that they have commissioned world’s first EMB pilot machine for
powder coating for serial production of powder coated rolls of
flexible metal substrates. In this particular case the coating machine
is combined with a NIR (near infrared) curing unit.
Dennis Engelsma, managing director of EMB Technology said: “We are
delighted to have been able to develop the EMB concept to reality, it
is the first of this kind prepared for a 3 shift 7 days a week
production environment. “
The Emb concept is widely regarded as a promising technology for
powder coating. It enables very accurate application of powder on
rigid and flexible flat substrates without the historical problems of
thickness variance, poor reliability, low speed and high investment
levels.
“We are very pleased that our customer has selected us to convert the
idea into real machinery for there production facility of products for
the semiconductor industry and that this leading company was very
confident in the EMB concept based on the prototype which we delivered
to him one year ago.” commented Peter Kloppers, technical director.
“We anticipate that it will be the first of more units we can provide
for special applications of powder coating on various kinds of
substrates “
About the EMB machine
The attractiveness of the EMB machine is the technology that overcomes
the traditional barrier to powder coat with relatively high speeds and
high thickness accuracy in reel to reel situations. With this machine
the coil coater now has an economical coating alternative to spray
coat lines without compromising on quality standards. This first
machine runs at speeds of 20 m/min, depositing an adjustable and
controllable layer thickness on a flexible metal substrate between 50
and 70 micron with a thickness variance less then 3% at a working
width of 800 mm. Higher speeds can be reached in coil coating
applications, where powder needs to be applied with a lower layer
thicknesses. Due to its modular concept units can be installed behind
each other, making it potentially possible to reach speeds above 100
m/min.
In addition to its extreme low floor space usage, fast make-ready and
changeover capabilities, the machine can be integrated in existing
lines, making it very affordable to start pilot projects.
About EMB Technology
EMB is an abbreviation of Electro Magnetic Brush. EMB technology was
founded in 2004. The objective of the company is to fill the missing
link of developing and building effective EMB coating machines for
powder coating on flat substrates.
The founders where aware of the fact that the development of a
reliable production machine is a crucial gap between a promising
patent, the increased demands on coil coaters for higher quality
products with lower cost and in the same time meeting the
environmental issues of the future.
The first major opportunity of the company is to develop and realize a
number of special purpose production EMB coating machines for an
innovative leading company in the semiconductor industry. This project
will result in production lines all over the world, providing a new
generation of products for various applications.
The know how, experience and proves gained in this project are
convincing enough to see that the possibilities of the technology are
fit to be implemented on small/medium scale production coil coating
lines for high value added products such as special coated steel ,
paper, and foil’s.
Close cooperation with strategic partners in development of powders,
carriers, coil coating applications and surrounding technology aim to
realize effective solutions for various applications in the near
future.
Fast, accurate and reliable powder application on flat substrates is
still an undiscovered area of possibilities. EMB Technology considers
this area as her main business perspective.
Reorganizations at Tikkurila
Mr Ulf Koivula, President of Tikkurila Coatings Oy, the company
responsible for industrial coatings within Tikkurila, part of the
Kemira Group, will resign from his duties on 18 August 2005 in order
to concentrate his efforts on projects aimed at starting his own
business. Mr Ilpo Jousimaa has been appointed new President of
Tikkurila Coatings Oy from the same date. He has long-term and wide
experience in paints and coatings, his latest position being Vice
President, Tikkurila Oy, with responsibility for the company's
decorative paints business in Central and Western Europe. Mr Jousimaa
continues to bear responsibility for the organisations in Poland,
German and Hungary until further notice. Ukraine and the Baltic
countries will be transferred to the responsibility area of Mr Janno
Paju, currently Vice President, Tikkurila Oy, and responsible for the
company's decorative paints organisation in Eastern Europe.
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