Dow Announces Divestiture of its
Powder Coatings Business to Akzo Nobel N.V.
The Dow Chemical Company (NYSE: DOW) announced lately that it has signed
an agreement to sell its Powder Coatings Business to Akzo Nobel N.V. (AKZA:
NA), a leading producer of paints and coatings, based in Amsterdam, The
Netherlands. Terms of the transaction were not disclosed.
The transaction is expected to close within the second quarter of 2010,
subject to customary closing conditions, including regulatory approvals.
Dow will use the proceeds from the transaction to reduce debt, consistent
with Dow's de-leveraging plan.
"The sale of this business further accelerates Dow's de-leveraging plan,
and will contribute to Dow's ability to achieve its financial targets
ahead of schedule," said Andrew N. Liveris, Dow chairman and chief
executive officer. "In addition, this divestiture is part of our ongoing
process to sell non-core assets, and we are now on target to yield more
than $3.5 billion of gross proceeds from these activities. We will
continue our practice of active portfolio management to improve
profitability and focus resources on higher growth, higher margin
Nordson CEO To Retire, Names
Successor - Update
(RTTNews) - Precision
dispensing equipment maker Nordson Corporation (NDSN: News ) Monday said
it has appointed Michael Hilton as new president and chief executive
officer, effective January 16, succeeding retiring president and CEO
Edward Campbell. The company said Hilton will also join its board of
Most recently, Hilton has served as senior vice president and general
manager for industrial gases and equipment supplier Air Products and
Chemicals Inc. (APD: News ) with specific responsibility for leading its
global Electronics and Performance Materials segment. He joined Air
Products in 1976 as a participant in its development program.
Westlake, Ohio-based Nordson said Campbell will continue to serve as
chairman of the board until February 16, at which time he will be
succeeded by current its director Joseph Keithley.
Keithley is currently working as chairman, president and CEO Keithley
Instruments, Inc. (KEI), and has been a director of Nordson since July
Bangalore powder coating association,
We have updated our
bangalore powder coating units page. Thanks to the Bangalore powder
Coaters Welfare Association (BPCWA) for providing the details.
The BPCWA was registered on 5th April 2005 with Registration No.15/2005-06
with the support of just a handful of 11 enthusiastic members to address
all the common problems faced by the Powder Coaters on one common platform
like Technical Know-how and Assistance, establish the common effluent
treatment plant (CETP), testing laboratory etc. The Association has over
the years grown in strength and stature and transformed itself from a
grievance redressal body to that of a facilitator for promotion and
growth. BPCWA has successfully completed 4 years and has carved a
prominent place for itself in the map of Industry Associations in the
country and is well recognized by the State Government and the Central
Government. It has a total of 106 members
Asian Paints sells stake in Thai unit
Asian Paints Ltd said on Wednesday its Singapore unit, Berger
International Ltd, has signed an agreement to sell 2.56 million shares in
Berger Paints (Thailand) Ltd for 14 million Thai Baht ($0.42 million).
The transaction will be done in cash, the company said in a statement to
the Bombay Stock Exchange.
Ahead of the announcement, shares ended up 0.3 percent at 1,770 rupees in
a firm Mumbai market.
($1 = 33.33 Thai Baht) <more>
Powder coatings: recovering markets and promising technology approaches
Recovery of the powder coatings market is expected to be slow in Europe,
due to a market drop of 25-30 %. However, there are segments which are to
grow ahead of liquid paints, as the environmental advantage of powder
coatings could lead to increased substitution of less eco-friendly coating
systems. The broadcast on powder coatings, which is presented by Plas mec
S.r.l., shows which markets have the most positive outlook and which
regions will take longer to recover. Additionally, interesting approaches
to improve powder coatings systems, followed by researchers of Eindhoven
Technical University, are mentioned as well.
Russian Paint Industry
A study on the Russian
Paint Industry points to Russia having a decorative paint market of
800,000 tons and an industrial coatings market of 510,000 tons. Future
growth in the decorative sector will arise from general economic
development and spending power. The industrial coatings sector will be
busy recouping lost ground from 2009, which has hit the automotive and
powder coatings sectors in particular.
Environmental awareness is one of the key drivers in the Russian
decorative paint market, even in the absence of Russian legislation in
this regard. There is a rising awareness in Russia of environmental,
health and lifestyle factors. This awareness is contributing to an upsurge
in the market for low-VOC paints. Throughout 2009, there has been more
emphasis on low-quality paint and coatings, including the emergence of a
super-economy sub-segment, which is likely to disappear as the decorative
market picks up again from 2010 onward. The Russian decorative paint
market divides fairly evenly between DIY and professional applications,
which will be driven by a return to the middle market in the future.
One of the key long-term drivers for the Russian coatings market will be
the arrival of the Winter Olympics in Sochi, Russia, in 2014. Construction
and protective coatings demand associated with the structures for this
event will be a strong point for the paint industry. However, industrial
coatings segments associated with OEM applications are the parts of the
market that have been hit hardest. To this end, the coming years are
likely to witness regrowth in the automotive OEM and powder coatings
sectors, which have been hit hard by a fall in consumer demand and hence
production in their end-use markets.
Its forecasts that the total Russian paint market should rise from a
total of 1,310,000 tons in 2009 to 1,687,000 tons in 2014. It is the
OEM-based segments that will represent the best growth opportunities as
consumer spending starts to rise again.
Blackwell’s Buys Dry Ice Blasting Co.
has announced that it recently purchased the dry ice blasting company,
CO2LD TECH, of Ontario, California. Blackwell’s is based in LaGrange, GA.
Dry ice blasting, also known as CO2 or cryogenic blasting, uses super-cold
(-109.3 F) carbon dioxide pellets for rapid and effective cleaning,
surface preparation, and paint removal in industrial facilities. Blackwell
will use the newly acquired, self-contained, mobile CO2 blasting unit in
industrial facilities within a 500-mile radius of LaGrange <more>
Industrial Nanotech Receives Shipping Container Order from New Distributor
Nanotech, Inc., has received an initial inventory order from Angstrom
Technology Private Limited, the company's exclusive distributor for India,
for one sea container (1,440 gallons) of mixed Nansulate thermal
insulation and asset protection coating products, which has a retail value
of approximately $122,000. Nansulate is the company's patented product
line of specialty coatings containing a nanotechnology-based material and
which provide the combined performance qualities of thermal insulation,
corrosion prevention, resistance to mold growth, fire resistance, chemical
resistance and lead encapsulation in an environmentally safe, water-based,
coating formulation. The Nansulate product line includes industrial,
residential, agricultural and solar thermal insulation coatings. "Angstrom
Technology has a strong sales team and a solid plan in place for marketing
Nansulate coatings in India," said Francesca Crolley, VP of business
development for Industrial Nanotech. "This initial order is in accordance
with their multi-pronged sales approach for the country which includes
institutional sales, retail sales, sales through a network of trained
applicators, e-commerce and other initiatives." <more>
NPCA/FSCT to Adopt a New Name: American Coatings Association
On Jan. 1, 2010, the National Paint and Coatings Association (NPCA/FSCT)
will change its name to the American Coatings Association (ACA). The
change marks the culmination of the merger between the National Paint and
Coatings Association and the Federation of Societies for Coatings
Technology, which was approved in 2008 and finalized in 2009.
The NPCA/FSCT Board of Directors approved the identity change in October,
after a small task force of Board members and staff developed the
proposal. In addition to the new name, the organization has also adopted a
new logo, reminiscent of the color wheel. The image is intended to evoke
the organization's combined mission and bring to mind the science involved
in manufacturing, research and development of the industry's products, as
well as the products themselves.
According to NPCA/FSCT President Andy Doyle, "By adopting the name,
American Coatings Association, we will retire the two historically
distinct identities associated with NPCA and FSCT. As the American
Coatings Association, we will move forward in the future as one united
organization capable of serving all members of our industry while
continuing our commitment to environmental protection, product
stewardship, and science and technology."<more>
AkzoNobel Science Award
launched in China
AkzoNobel has today
reinforced its commitment to encouraging sustainable growth through
technical innovation by launching its acclaimed Science Award in China.
Established in partnership with the Chinese Chemical Society, the honor –
to be known as the AkzoNobel Chemical Sciences Award – will be granted to
three distinguished scientists every two years.
Originally set up in 1970 to recognize groundbreaking interdisciplinary
research and outstanding scientific contributions, the current AkzoNobel
Science Award is presented annually and alternates between Sweden and the
“This award not only represents an important part of our heritage, but
also indicates that we share the same goal of encouraging pioneering
scientific research in China with our partner, the Chinese Chemical
Society,” explained AkzoNobel Board member Leif Darner, who officially
launched the new award today in Shanghai.
“Establishing this award in China reflects our growth ambitions and
underlines the strategic importance of China in the company’s blueprint
for growth. It demonstrates the company’s strong support and encouragement
of excellence in the underpinning sciences upon which our innovations
depend, and is a great example of putting our promise of delivering
Tomorrow’s Answers Today into practice through scientific advancement and
innovation in China.” <more>
Roof Coatings Help Keep NASA
NASA sends Camarillo firm's products skyrocketing
A small Camarillo company whose chemical-compound coatings protect
buildings from the elements recently watched two of its products launched
toward space on a rocket designed to return astronauts to the moon.
National Coatings Corp. produces products formulated to protect roofs and
walls from leaks, heat and corrosive ocean-air damage. But on Oct. 28,
company officials cheered as its AcryShield and RustShield coatings helped
safeguard sensitive components aboard the Ares I-X spacecraft on its
successful first test launch.
“They wanted to try it, so they bought enough product to complete the
project. It’s been great for us,” said National Coatings President Matt
Kolb. “Financially, this was not really significant for us. This is more
of a ‘Gee, we were able to pull this off.’ So this is another feather in
National Coatings’ cap. We can claim to be the technological leaders in
NASA officials chose RustShield and AcryShield for the Ares I-X rocket
last year after deciding it was the best of several recommended by the
Cool Roof Rating Council, an arm of the Department of Energy that
independently tests and then rates what Kolb called the radiative
properties of roofing materials. He said NASA decided the National
Coatings products would best protect the Ares rocket’s guidance control
systems and other sensitive electronics from the Florida sun’s intense
heat and corrosive sea-air environment as it waited on the Cape Canaveral
NASA ordered the two coatings to be applied to Ares’ powerful first-phase
rocket that hurls the spacecraft into space and then falls back to earth
shortly after launch, Kolb said. RustShield was used as a primer coat of
paint, with the highly reflective AcryShield as a second coat. AcryShield
reflects 92 percent of heat hitting the rocket, he added. RustShield was
developed more than 10 years ago, while AcryShield was launched in 2005.
Ares I-X is the prototype of the Ares spacecraft series that is expected
to replace the 30-year-old space shuttle in a few years. NASA officials
also plan to use Ares to return astronauts to the moon and perhaps to Mars
by 2020. Those plans could be delayed, however, because the Obama
administration is concerned about the projected cost, estimated to range
from $250 billion to $1 trillion.
Kolb said he expects NASA to use National Coatings products on future
space flights, but emphasized that the space agency is not committed to do
so. The products used on the Oct. 28 flight were purchased after testing
some time ago, and his company was told six to nine months ahead of time
that they would be used for the first flight.
Ashley Edwards, a NASA spokeswoman in Washington, D.C., said there are
hundreds of contractors and suppliers for the Ares project, and she did
not know National Coatings’ status.
“We use a lot of companies,” she said. “When we use a prime contractor,
they’ll subcontract, too. We don’t necessarily have a good number on the
total contractors used.”
Started in 1981 in Camarillo, National Coatings Corp. is a privately held
company with fewer than 50 employees, Kolb said. Founder Rick Sexauer of
Camarillo is still active in the company. Kolb declined to discuss its
annual revenues and sales.
The company supplies the construction industry with an array of
weatherproofing materials for roofs and walls. It has six coating brands
designed to give various building surfaces protection from water, heat,
cold and corrosion along with increased energy conservation, Kolb said. He
said a number of Fortune 500 companies’ buildings use National Coatings
materials. The company won the Pacific Coast Business Times Spirit of
Small Business Award in 2005.
“Fortunately, it’s not rocket science over here,” Kolb said. “That’s
NASA’s business <more>
AMSTERDAM—Hans Wijers has an unusual background for someone running a
major industrial company. He has been a minister for economic affairs in
the Dutch government and a senior partner of Boston Consulting. That
background enables him to take a strategic view of how the world's
economies are moving and to direct his business accordingly.AkzoNobel, the
paint-making giant he runs, is pinning its growth expectations firmly on
"What we see is that the two traditional dominant markets, the U.S. and
European Union, have matured and stabilized and will become less
dominant," Mr. Wijers said in an interview with The ...
AkzoNobel CEO Plans
Investment in China, Other Emerging Markets
AMSTERDAM—Hans Wijers has an
unusual background for someone running a major industrial company. He has
been a minister for economic affairs in the Dutch government and a senior
partner of Boston Consulting. That background enables him to take a
strategic view of how the world's economies are moving and to direct his
business accordingly.AkzoNobel, the paint-making giant he runs, is pinning
its growth expectations firmly on emerging markets.
"What we see is that the two
traditional dominant markets, the U.S. and European Union, have matured
and stabilized and will become less dominant," Mr. Wijers said in an
interview with <more>
Factory worker receives £100,000 for
permanent eye damage
A factory worker has received £100,000 in compensation after being left
with permanent eye damage when a corrosive chemical dripped onto his face.
He has been left with reduced sight in his right eye following the
accident in November 2005 at Ciba Speciality Chemicals Ltd in Low Moor.
The company makes chemicals used in a number of products including water
The accident happened when Sodium Hydroxide leaking from a broken pipe
dripped onto his ey... (260 more words) <more>
Fire damage to cost more than $30,000
at Iowa chemical plant
FORT MADISON, Iowa (AP) — A fire in the basement of a Fort Madison
chemical plant caused thousands of dollars in damage and the building was
No one was injured in the fire at the DuPont plant on Thursday morning.
Investigators say the factory suffered about $30,000 to $40,000 in damage.
Employees first reported the fire in the basement and shipping area of the
plant, which makes colorants and pigmented inks for digital printing
Fort Madison Fire Chief Joey Herren says employees cutting metal for
maintenance likely set fire to the wooden floor framing accidentally.<more>
Jotun Paints signs park
Paints announced that it has supplied industry-leading decorative and
protective paint products for Majid Al Futtaim's Wahooo Waterpark in
The park is located in Bahrain City Centre.
Jotun has signed an agreement to deliver interior and exterior paints and
coatings with Sim Leisure, the main contractor and Hertal Global Bahrain,
the appointed applicator for this project. <more>