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BASF Korea ups use of eco-friendly chemicals
Global chemicals company BASF is seeking to lead the way in increasing the use of less environmentally hazardous materials to manufacture chemical products in South Korea.
BASF Korea said Tuesday that it had become the first in the industry to use a new chemical compound with a superior environmental profile to produce its flagship insulating polystyrene foam Neopor.
The German firm now produces Neopor using a newly-developed polymeric flame retardant, instead of hexabromocyclododecane or HBCD, a more toxic flame retardant typically used to produce polystyrene-based insulating foams and textiles.<more>
PPG liable for pollution from Pennsylvania plant
FORD CITY (AP - A federal judge ruled this week that PPG Industries Inc. is liable under environmental laws for decades of pollution in the Allegheny River from its old glass manufacturing waste dump site in western Pennsylvania.
Judge Robert Mitchell's decision is a victory for environmental groups that contended waste from the Ford City plant violated the state's Clean Streams Law, the federal Clean Water Act and Resource Conservation and Recovery Act.
Mitchell said PPG is liable because it contributed to the past disposal of solid waste at the Slurry Lagoon Area which may present an imminent and substantial endangerment to health or the environment," the Pittsburgh Post-Gazette reported. He also found that PPG violated a 2009 state Department of Environmental Protection order.
"We're excited about the ruling. We knew when we started this case that we were on strong legal ground," said David Masur, PennEnvironment executive director. "We know that illegal dumping into the three rivers is not something that people in southwestern Pennsylvania support."<more>
Berger creates an Uber model to paint a larger share for itself
It's the era of aggregators. Taking a leaf from the models of players like Uber, Urban Clap and others, Kolkata-headquartered Berger Paints is now trying to disrupt the paints market through an aggregator model.
Abhijit Roy, the Managing Director and CEO of Berger Paints, explains how the company is now trying to play a 'sort of aggregator role' by creating a huge inventory of painting contractors. Typically, when home owners want to get repainting done, they contact the local contractor who suggests the paint brand to be used. Berger is now unleashing a model whereby home owners can SMS the company and it will arrange a painter in the vicinity. "We have aggregated a large number of painters and done their KYCs so quality is assured," says Roy. <more>
Festivals to help boost growth in Q3
Berger Paints The growth in third quarter is likely to better than the first two quarter of the fiscal on the back of upcoming festive season, said Abhijit Roy, MD & CEO, Berger Paints. <more>
Asian Paints pays amount for land allotted to it at Pudi
With payment of amount for 113.47 acres allotted to it in a fast-track mode by the APIIC, Indian paint major Asian Paints is getting ready to launch work on its biggest facility in the country near Visakhapatnam.
Asian Paints, which achieved a revenue of Rs.11,648 crore during 2014-15, paid the amount at the rate of Rs. 61 lakh per acre a few days ago.
The land was allotted at Pudi, close to the Pudimadaka Supercritical Power Project of the NTPC, after Andhra Pradesh Government and Asian Paints signed MoU in March.
The project will involve an investment of Rs.1,750 crore in phases to achieve production capacity of four lakh kilo litres. The company with 25 facilities Pan India has one million kilo litre production capacity. <more>
Latest report on automotive paints market that is expected to jump to $11,340.7 million by 2020
The paints market for metallic paints will see a steady growth in the coming years as the demand for metallic finish is on a steady rise given the attractive glossy finish offered by these paints. In developed regions such as Europe and North America, metallic paints are used widely even for heavy commercial vehicles along with passenger cars and light commercial vehicles; whereas, in the Asia-Oceania region, solid paints are preferred as heavy commercial paints.<more>
Global exterior architectural coatings market to grow at a CAGR of 5.58% over the period 2014-2019 illuminated by new report <more>
Global Paints and Coatings Market
The key players in the Paints and Coatings Market include Asian Paints Limited, Axalta Coating Systems, BASF Coatings GmbH, Chugoku Marine Paints, Ltd., Hempel A/S, Kansai Paint Co., Ltd., Nippon Paint Co., Ltd., PPG Industries, Inc., Sherwin-Williams Company and Valspar Corporation. <more>
Asian Paints plans capacity expansion
Asian Paints, the country's largest paint maker, is looking at about 60 per cent capacity addition in the coming days.
According to Amit Syngle, President - Sales, Marketing & Technology, Asian Paints, the company plans to add nearly 600,000 kilo litres per annum to its existing capacity of 10,00,000 kilo litres.
"While 400,000 kilo litres will be added through the proposed greenfield project at Visakhapatnam in Andhra Pradesh, another 200,000 kilo litres will come through the doubling of capacity of our existing Rohtak facility (in Haryana)," he said.
Syngle was in the city for the launch of "Tractor Emulsion Rong Borsha", a special TV serial combination guide designed for its customers in West Bengal. <more>
J&N to seek shareholders' nod this month to float subsidiary'
KOLKATA: Ailing paints company Jenson & Nicholson (India) LtdBSE -4.86 % will seek shareholders' nod this month to float a wholly-owned subsidiary to transfer its brand and trademarks to it to ease financial stress.
The BIFR company would seek shareholders' nod at its AGM on September 29 to give effect to the move which the board has already approved, company sources said.
It said the step would help it to raise resources.
"The subsidiary company will raise finances and for this purpose it may issue equity or debt in the future," the company told shareholders in a notice <more>
Nippon Paints mulls decorative paint plant in north India
Japanese paint manufacturer Nippon Paint is mulling setting up a decorative paint plant in north India, a senior company official said on Monday.
"We plan to expand to the north Indian market with a paint plant. However, the investment, capacity and other details have not been finalised yet," S. Mahesh Anand, president, decorative business, at Nippon Paint (India) told reporters here.
He said the decorative paint business of Nippon Paint mainly focussed on the south. <more>
An ad for paint has birthed a trend of sincere YouTube videos about the beauty of life on Earth.
In March, the paint and coatings company Valspar uploaded a carefully constructed tearjerker of a video, in which a group colorblind men and women give testimonials about their disability, before putting on EnChroma glasses - which help them to see certain colors they had never seen before and looking at, what else, splotches of Valspar paint. The ad's been viewed over 5 million times, bringing a lot of attention to a paint company. The ad also had a pleasant side effect: it inspired copycats.
Click here for video
Before the ad, only a few videos of color blind people's first experiences with EnChroma - and the colors it allows them to see - had made their way onto YouTube. But since March, a few new videos are posted each week, featuring color blind people from across the world. While the advertisement was touching, the polished short pales in comparison with these moments captured on smartphone cameras. There's no editing or artifice, each video is just a single long shot in which the reality of seeing a color for the first time gradually overtakes someone's emotions.<more>
Anodising Vs powder coating: Which is better for aluminium surface treatments?
Woodform Architectural evaluates the most suitable coating systems for aluminium profiles by examining their advantages and disadvantages.
Aluminium is one of Earth's most abundant metals known for its lightness, strength and resistance to corrosion. Untreated aluminium extrusions are perfectly adequate for many applications; however, there are many valid reasons to treat the surface of aluminium profiles. These include introducing colour, supplementing corrosion resistance; augmenting hardness; arresting wear-and-tear; and adding reflectivity.
Two coating systems - anodised and powder coating - are currently preferred when specifying architectural aluminium.
Nearly a century old, anodising is a relatively straightforward electrochemical process used to increase the thickness of the natural oxide layer on the surface of aluminium.
Powder coating, on the other hand, is a technique mainly used to apply decorative and protective finishes to aluminium profiles through a process that electrostatically charges the powder consisting of a mixture of finely milled resin and pigment, spraying it on to the aluminium extrusion, and then fusing it into a smooth coating in a curing oven. <more>
Jotachar coating gains ground
Jotachar JF750, a mesh-free passive fire protection (PFP) epoxy coating system for structural steel, was launched two years ago by Jotun. The Jotachar system does not require mesh reinforcement, meaning the required coating thickness for any fire scenario can be applied in a single day. When compared to traditional mesh containing products, independent tests show
that Jotachar can cut material costs by more than 20% and application time by 60% (on a typical 6000sq m project).<more>
Government likely to extend validity of environment clearance to Asian Paints' project
NEW DELHI: Government is likely to extend till June 2018 the validity of environment clearance (EC) given to Asian PaintsBSE 2.22 % the country's largest paint maker for expansion of its Patancheru unit in Telangana.
The EC, granted to Asian Paints in 2008 for expansion of its Patancheru plant, expired in 2013. During this period, the company could not expand the capacity due to some restrictions imposed by the state government.
"Asian Paints' proposal seeking extension of the validity of EC for its expansion project in Telangana was examined by the Expert Appraisal Committee (EAC) in a recent meeting. It suggested for extension of the EC validity till June 2018. The final EC is expected to be issued soon," a senior Environment Ministry official said. <more>
Asian Paints to invest Rs 2,300-crore on new plant in Karnataka
NEW DELHI: Asian PaintsBSE 0.02 % plans to invest up to Rs 2,300 crore to set up a manufacturing plant at Mysuru in Karnataka.
The proposal for setting up the manufacturing facility in Karnataka is towards fulfilling the long term capacity requirements of the company and is subject to the future demand conditions, Asian Paints said in a BSE filing.
"The ultimate capacity of 6 lakh KL per annum would be achieved in a phased manner at an approximate cost of Rs 2,300 crore at the current prices. This is subject to due diligence and necessary regulatory and other approvals," it added. <more>
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