Kansai Nerolac Board recommends 120%
Dividend for 2008-09
Kansai Nerolac Paints Ltd has announced that the Board of Directors of the
Company at its meeting held on April 30, 2009, inter alia, has recommended
a dividend of 120% (Rs 12 per share) compared to 120% (Rs 12 per share)
The Stock closed on April 29, 2009 day at Rs.450, down by Rs.3 or 0.66%.
The stock hit an intraday high of Rs.462 and low of Rs.450.
The total traded quantity was 105 compared to 2 week average of 336.
Source: Equity Bulls
Cognis Opens Affiliate in
MONHEIM, Germany -
Cognis has opened an affiliate in Mumbai, India. The new affiliate, Cognis
India, will be a wholly owned subsidiary of the Cognis Group and will
operate under the name of Cognis Specialty Chemicals Pvt. Ltd. Cognis
first opened a liaison office in India in February 2008 to bring the
company closer to its customers in the region and gain a greater
understanding of local markets. The new affiliate will continue to grow
Cognis’ business in India.
Since it was established, the office has helped Cognis gain a greater
understanding of the Indian market, as well as enabling it to anticipate
developments there more quickly. It has also helped strengthen
relationships with existing customers, distributors and suppliers;
identified and initiated new business opportunities; and raised awareness
of Cognis’ products and services in local markets. The new affiliate marks
another milestone for Cognis in realizing business opportunities within
the Indian market. It also reflects the success of the liaison office, as
well as the significant growth achieved by Cognis in India in the last few
years. In 2008, Cognis’ sales in India grew by some 30 percent.
AkzoNobel appoints Amit Jain
as MD for its India operation
AkzoNobel today said it has appointed Amit Jain as Managing Director for
its operations in India and Sri Lanka. Prior to this appointment, Amit
Jain was working as Executive Vice President and Managing Director of MTV
Asia. AkzoNobel operates in India through its subsidiary ICI India Ltd and
markets its products under the brand Dulux. "We have ambitious plans for
the Indian market and we are delighted to welcome Amit to AkzoNobel.
Bet on paint stocks; industry
growth seen at 9%
6 May 2009, 1415 hrs
IST, Saikat Das, ET Bureau
MUMBAI: At a time when expectations of a probable economic recovery are on
the rise, the Indian paint industry paints an optimistic picture. The
industry is expected to grow at 9 per cent with decorative paints to grow
at 10 per cent and industrial paints growth at 5 per cent.
Softening of input cost would lead to higher profitability despite the
price reductions by paint companies. Reduction of excise duty by 400bps to
8% has also aided price reductions to revive demand, according to Antique
“A new stable government in New Delhi will initiate a slew of
infrastructure projects that will add to the paint industry no doubt. With
expected growth in infrastructure and realty sectors, paint industry is
definitely heading for a better time,” commented Dillip Davada, an
independent stock analyst based in Mumbai. <more>
U.S. Auto Sales Continue Downward Slide
Auto sales in the U.S. continued on their downhill roll as most
manufacturers reported high, double-digit sales decreases. Industry
analysts see the trend in this key bellwether economic sector as further
evidence of a deepening recession.
How things shook out in April: The industry in general suffered a 34.4%
decline for a total of a seasonally adjusted 9.32 million units. According
to Autodata, this approaches low levels not seen in 30 years. General
Motors (GM) reported a 34% drop in sales (year over year), while Chrysler
posted a 48% drop in sales. On the plus side, GM said it somehow managed
to increase market share during the period (see related story), while
Chrysler, which announced a “surgical bankruptcy" last week, said it plans
to emerge from Chapter 11 by the summer.
Overseas manufacturers and transplants were not immune. Toyota's sales
fell by 42%, with revenues at its luxury division, Lexus, off by 39%.
Meanwhile, Nissan was down 38%, and Honda's sales were off by 25%.
New White Paper on Liquid and Powder
Fluoropolymer Coatings for Architectural Coatings
PPG Industries (NYSE: PPG) has published Architectural Applications for
Liquid and Powder Fluoropolymer Coatings: A Comparative Review, a white
paper that examines a new generation of powder coatings for architectural
metal and compares them to contemporary liquid and powder coatings.
The document provides architects and curtain wall consultants with updated
specifying guidelines, and details the aesthetic and environmental
attributes of liquid, conventional powder and next-generation powder
coatings. Topics include volatile organic compound (VOC) content, color
and appearance options, prevailing performance standards for metal
coatings, hardness and cost, among others.
Henry L. Lowman, PPG global director of extrusion coatings, said PPG is
uniquely positioned to offer an unbiased review of metal coatings options
for architects and curtainwall consultants. "As a manufacturer of both
liquid and powder coatings for aluminum extrusions, we can help building
professionals make the most informed choice about which coatings best meet
their long-term aesthetic, performance and sustainability goals." <more>
Abcor Industries Launches
Revolutionary Sustainable Powder Coating for Interior Doors and Trim
Developed for the healthcare, hospitality and educational segments, where
indoor air quality and high-traffic durability are of equal concern,
Abcor's ResiliColor™ powder coating emits no VOCs and requires virtually
no maintenance or repair.
Holland, MI (PRWEB) April 8, 2009 -- Powder-coating pioneer Abcor
Industries today announced the introduction of ResiliColor™, an extremely
low-emitting powder coating finish for medium density fiberboard (MDF)
ResiliColor sustainable powder coating for MDF interior doorsWe've created
a nearly indestructible shell for MDF doors It was specifically designed
to withstand the harsh wear and tear common in hotels, hospitals and
schools, which saves facility managers money.
Aimed at the hospitality, healthcare and institutional segments, where
traffic is particularly heavy and indoor air quality is of high concern,
ResiliColor is as durable as it is environmentally healthy. Designed for
both solid core MDF doors of any fire rating and medium density overlay (MDO)
hollow doors, the dense powder coating is applied through a proprietary
process and is so durable that it requires virtually no maintenance or
repair. The finish is comparable to the WDMA OP-8 Door Finish Standard. It
withstands heat and moisture and is highly scratch- and impact-resistant.
Streaks, stains and graffiti can be wiped off with a cleaning solution.
"We've created a nearly indestructible shell for MDF doors," Abcor senior
vice president Tim Bush said. "It was specifically designed to withstand
the harsh wear and tear common in hotels, hospitals and schools, which
saves facility managers money."
ResiliColor doesn't emit toxic gases or volatile organic compounds (VOCs),
and the powders are stored in environmentally safe containers. Powder
overspray or spillage is reclaimed and reused; not sent to landfills.
ResiliColor can contribute to up to five different credits within the U.S.
Green Building Council's Leadership in Energy and Environmental Design (LEED)
standards, including EQ 4.2: Low Emitting Materials - Paints and Coatings.
The powder coating also has anti-microbial properties, making it
especially ideal for healthcare environments.
ResiliColor is the only MDF powder coating that has been field-tested and
has been applied as finish on more than 1,200 doors throughout various
Marriott hotels. <more>
ISEA, RIMS Petition OSHA to
Ban Silica in Sandblasting
The International Safety Equipment Association and the Risk and Insurance
Management Society filed a petition April 28 asking OSHA to prohibit the
use of silica in abrasive blasting. Sandblasting continues to be one of
the areas of greatest exposure to respirable crystalline silica, and
several organizations and countries have enacted prohibitions, ISEA
President Daniel K. Shipp wrote in the letter addressed to Acting
Assistant Secretary of Labor Jordan Barab.
Great Britain, Germany, Sweden, and Belgium; the U.S. Navy, U.S. Air
Force, and Coast Guard; and 23 state departments of transportation have
banned the use of silica in abrasive blasting, and the countries named
“have demonstrated that the abrasive blasting process can be carried on
effectively within the use of sand,” Shipp wrote. NIOSH has recommended a
ban since 1974, he added.
WorkSafe Victoria, which enforces OSH regulations in the Australian state
of Victoria, has banned the use of materials containing more than 1
percent crystalline silica in abrasive blasting since Jan. 1, 2002. <more>
PPG unveils latest wood
flooring color trends, technologies
the world beneath your feet
SHANGHAI, April 2, 2009 – Are you stuck in an all-beige, monotonous world?
Have you ever imagined that you could stay at home and feel like you are
in the Caribbean or on a hiking vacation in New Zealand? The feelings you
get from your home environment can change dramatically depending on the
colors you bring into it. Home-improvement items such as wood flooring
that offers natural hues and colors are therefore gaining in popularity.
PPG Industries (NYSE:PPG) recently introduced its latest wood flooring
color trends and technologies to more than 100 flooring manufacturers and
buyers during a seminar in Shanghai.
Research has demonstrated that subtle color differences can greatly affect
human beings. Tom Irwin, business director of PPG Wood Coatings,
Asia/Pacific, addressed a new macro trend among consumers during the
“Living in the fast-paced, high-demand, high-technology era that is the
21st century, consumers are now more than ever turning to ‘green’ and
natural-looking products,” Irwin said. “Our stylists present colors and
designs that, according to in-depth research, consumers nowadays are
seeking – colors that are at one with nature.” He said materials that
appear to be handmade, undyed and unbleached, and colors found in nature
such as off-whites, sandy and lineny tones, rock and soil hues, and
brownish-greens are all popular choices for wood flooring.
Other colors increasing in popularity, Irwin said, include blues
reminiscent of a clear sky or ocean water and inspired by
environmentalism, as well as warmer metallic colors that liven up a room.
Moreover, as globalism brings people ever closer to previously unfamiliar
ethnic accent color palettes, tones such as Moroccan reds, glowing
oranges, rosy pinks, sunny golden yellows and ancient turquoise are being
used increasingly. <more>
Nordson Q2 Profit Declines, Yet Tops Estimate; Sees Q3 Earnings Above
Precision dispensing equipment maker Nordson Corp Thursday said its second
quarter profit declined from last year, reflecting the continued global
economic downturn. However, the company's quarterly earnings as well as
sales exceeded the analysts' expectations. In addition, the company
provided earnings outlook for the third quarter, indicated to come in
above current Street estimates.
The Westlake, Ohio-based company posted net income of $14 million or $0.41
per share for the second quarter, down from $33 million or $0.97 per share
in the prior year quarter. On average, 5 analysts polled by Thomson
Reuters expected the company to earn $0.26 per share for the second
quarter. Analysts' estimate typically excludes special items.
Segment wise, sales from Adhesive dispensing systems dropped 27% to
$111.33 million, Advanced technology systems sales slipped 46.7% to $49.97
million, and Industrial coating & automotive systems sales dipped 42.5% to
$27.54 million from a year ago. <more>
Economic conditions slow down
(Sandefjord, 22 May 2009) The economic downturn resulted in stagnating
growth for Jotun in the first four months of the year. The figures so far
are still relatively high in relation to record levels seen last year. In
litres and kilos the group sold two per cent less paint than it did for
the same period last year. The Powder Coatings Division saw a marked fall
in volumes while other important areas continued to grow. The weaker
Norwegian kroner exchange rate was one of the factors that contributed to
a relatively strong increase in operating income. The operating profit
totalled NOK 339 million compared with NOK 363 million in the first
four-month period last year. Weaker performance is expected.
The group’s operating income amounted to NOK 3.7 billion compared to NOK
3.2 billion last year.
The international downturn is being felt to rising degrees but the effects
vary greatly in the group's different business areas. The Powder Coatings
Division felt the effects early as a large part of these products are sold
to industries that are sensitive to the downturn. Areas such as the new
ships and property markets are less affected, but stronger effects will be
seen in the future. Traditionally, the maintenance market is less impacted
by fluctuations and is well shielded.
Akzo to Integrate Two Major
Akzo Nobel announced plans for a two-year integration program for its
International Paint Protective Coatings and Devoe High Performance
Coatings companies. The companies are manufacturers of protective
coatings, linings, and fire-protection products.
Oxford Advanced Surfaces
Group Plc (OAS) Develops a Unique Technology That Prevents Silver
Surfaces’s Onto® surface modification technology facilitates breakthrough
in prevention of silver tarnishing in multiple applications, especially
LED and solid state lighting
OXFORD, England--(BUSINESS WIRE)--Oxford Advanced Surfaces Group Plc, the
advanced materials company, announced that it has developed a 1nm thick,
environmentally friendly Onto® coating that acts to protect silver against
The effect of atmospheric pollutants on the surface of exposed metals can
result in the formation of a number of unwanted compounds causing
tarnishing of the surface. “Tarnishing is not just aesthetically
unpleasant &ndash it also degrades the electronic and optical properties
of the metal surface, and is therefore a causal factor in the reliability
of LEDs, lighting, Printed circuit boards (pcb) and electronic
components”, commented Mike Edwards, VP Sales & Marketing at OAS. Current
technologies addressing this problem have many disadvantages or are
uneconomical, preventing wide scale implementation, particularly in
electronic applications. The Onto® coating doesn’t impede electrical
connectivity, is thermally stable up to 250°C and is applied via a simple
wet coating approach offering attractive solutions to a number of problems
in the electronics and lighting industries.
Potential applications include industrial, household and automotive
lighting systems, silver conductors throughout the electronics industry
and other applications where silver or other valuable metals need to be
protected from tarnishing. The company is seeking new partners for either
tailored development or straight license of the silver anti-tarnish
technology for use in their products and processes.
OAS develops and commercialises advanced material solutions which are cost
effective, simple to implement, and deliver valuable changes to the
functionality of all kinds of surfaces via our platform surface
modification technology. OAS uses proprietary highly reactive chemistry,
Onto®, in combination with polymers and/or particles to provide solutions
that deliver enhanced performance which enables new, highly cost-effective
opportunities. Initial applications include advanced adhesion,
anti-tarnishing of silver, anti-reflectance coatings and particle delivery
in markets including advanced composites and laminates, lighting, displays
For further information, please visit
Oxford Advanced Surfaces, the OAS logo, and Onto® are registered
trademarks of Oxford Advanced Surfaces Group plc. All other names or
trademarks may be registered trademarks of their respective companies. <more>
Dow Chemical Forms New Unit
Focused on Coating Market - Update
(RTTNews) - The Dow
Chemical Co. (DOW: News ) Friday said it formed a new business unit that
will focus on the coatings market, by combining the Dow Coating Solutions
with the recently acquired Rohm and Haas Paint and Coating Materials.
Commenting on the new unit, Midland, Michigan based Dow Chemical said the
new unit would have the resources and technologies of Dow Coating
Solutions, focusing on raw materials production aimed at architectural and
Dow Chemical also said the newly combined business assets would provide
customers accesses to a significantly enhanced business support network,
including supply capabilities in all major geography.
As a developer of raw materials for the coatings industry, the company
said its coatings materials provides a wide range of chemistries and
support across many different product lines, including core binder
technologies such as latex emulsions epoxies, solution vinyl resins and
other polymer technologies.
China leads Asian coating
According to the consulting firm Kusumgar, Nerlfi & Growney, coating
biocide consumption in Asia totaled approximately 30 million pounds, as
supplied, worth $174 million in 2008. Growth, led by China and India, is
placed at nine percent per year through 2013