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Infomercial from
Mitsuba Systems |
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Light Weight Powder
Coating Gun
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Light
Weight Powder Coating Gun
Mitsuba offer light weight, integrated 100 KV high voltage gun for
powder coating.
The unique design helps to penetrate deep recess area and difficult
to coat surfaces.
100 K V at gun tip with various configurations of muzzles and
nozzles delivers the most cost effective powder coating process.
Easy to use control panel is IP54 rated for being perfectly and
completely dust proof.
This standard equipment includes a three piece stainless steel
hopper in a special easy to dismantle design. This allows for
perfect cleaning during colour change operations. The entire system
is trolley mounted for convenient handling.
To know more about Mitsuba products please visit
www.powdergun.com
or contact us at:
Mitsuba Systems (India) Pvt Ltd,
34/H, Laxmi Indl Estate,
New Link Road,
Andheri (W),
Mumbai – 400 053.
Tel : 66924152/66924153
Fax-022-66924154
Email :
mitsuba@vsnl.com
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Infomercial from Vijay Enterprises Pvt. Ltd
Vijay Enterprises Pvt. Ltd.
Vijay Enterprises is
a leading manufacture of powder coating materials (PCM) in India. VIJAY
COAT today stands as a Reliable source of High Quality and Durable
Powder Coating materials at very reasonable prices. Vijay's PCM find
extensive application for industrial and other demanding applications.
Vijay enterprises was incorporated in 1995 with a view to supplying
quality PCMs to Indian industry. Vijay's manufacturing set up is
equipped with best machines from M/s Buss AG Switzerland who are world's
largest manufacturer of Powder Coating Machines. Vijay has now
established itself and earned a name for its quality supplies and prompt
delivery at very economic prices. VIJAY has multi-locational production
facilities near Ahmedabad in western India and at Silvassa in the U T of
Dadra & Nagar Haveli, 200 Kms off Mumbai. This makes it a competitive
source of PCMs to all customers.
Vijay Enterprises Pvt. Ltd.
Admin. Office :
103, Gita Bhavan, 1st Floor, Opp. Vijay Transport,
Narol Char Rasta, AHMEDABAD 382 405.
GUJARAT. INDIA.
Telephone: +91-79-2532 9057, 25329374,Fax: +91-79-2535 9481
Email:
jayesh@icenet.net
web:
vijay-powdercoat.com |
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Job Opportunities |
FREE
Often we receive emails with no contents but a resume word document
attachment.
This column could be of use for such people, those who are looking our for better prospects.
Use this space to publish your mini resume in the format given in
the adjacent column. You may or may not reveal your identity. Send us
these details and we will put it this column
|
Name: Bharat Bhushan
Date of Birth: 1-1-1954
Email :
bbhushan2000@gmail.com
Link to resume:
Bharat Bhushan |
Name: MOHAMMED EL-SHERPENY
Date of Birth: 26 / 02 / 1983
Location Egypt
Current job: Geochemistry in Electrostatic Powder Coating.
Email :
geochemistry_mohamed@yahoo.com
Link to resume:
MOHAMMED EL-SHERPENY |
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Name: S.P.Pawde.
Current job:Powder Coating
Link to resume:S.P.Pawde.
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IPC Classified |
Your message here
You can reach thousands of people thorough our classified ads. Place
your own classified text ads. or messages here Just for Rs
500 (USD 10) only
Contact the moderator for details
India Powder
Coating
Vivek Soley
3, Lalaram Nagar, Indore, 452001 MP India
Phone 91 731 2492291
Mobile 9826297112
emails:
viveksoley@hotmail.com ,
viveksoley@ipconweb.com ,
indiapowdercoating@yahoo.com |
 Vulcan
Catalytic Systems
Gas Fired Catalytic Infrared Oven Systems Custom designed, fully
reflected infrared ovens for booster, pre-gel and full cure applications
for both powder and liquid coatings. Built and shipped in modules for
any size part window. Pre-wired and plumbed for quick on site
installation. Competitively priced, highly energy efficient, low
operating costs, minimal thermal loss, precise temperature control and
minimal floor
space requirements.
For further details contact:
Vulcan Catalytic Systems
Vulcan Catalytic Systems
Portsmouth, RI USA 401-683-2070
email:
jmartin@vulcan-mdf.com
website www.vulcan-mdf.com
|
 Infomercial from
Statfield Equipments Pvt. Ltd. |
Automation
with Statfield
Automation of powder coating becomes easy with Statfield
In today’s industrial fast moving world speedy production and
accuracy in quality plays vital role. To cope up with these
requirements automation of plant is the option one can think of.
Statfield introduces its automatic powder coating equipment
“RECIPROCATOR” which has qualities to withstand all these
expectations. Reciprocator moves up and down and coat article
completely. It works continuously and results into faster and higher
production. You can increase the number of guns to be mounted on
reciprocator for speedy production. It gives uniform coating
thickness & finish which eliminates human error to some extent. This
reduces labor dependency and wastages of uneven coatings. By this,
the coating cost is considerably saved and labor involvement is
minimized.
The Reciprocator is operator friendly & consistent in performance.
It is very easy to adjust stroke length as per articles length and
operator’s choice. The robust design coupled with Statfield's unique
design makes this a trouble free and maintenance free machine.
Features:
Variable stroke length to suit article height.
Variable speed.
Programmable zone control.
Adjustment of stroke and speed of reciprocator to suit individual
application
Smooth reversal at the end of stroke which ensures excellent
coverage for article surface with poor access.
User friendly 15 key keyboard allows operator to perform all the
required functions with his finger tips.
System can withstand wide variation in voltage.
Error message display facility is provided to detect the fault
easily.
Hooters warning for every error.
Maintenance free lubricated gear box.
On your present conveyorised plant we can mount our reciprocator.
For further details contact:
Statfield
Equipments Pvt. Ltd.
H.O & Works
:- 1073 / 1,2,3 Mutha Road, Pirangoot, pune - 412 111 Tel No.
020-2292 2180/1/2 Fax No. - 020-6652 4695
Mailing Address :- 9/10, Laxman Villa, Near Jog Hospital, Paud Road,
Pune - 411 038 Tel No. 020-2543 1450 / 2544 7147 Fax No. - 020- 2543
2349
Email -
marketing@statfieldequipments.com
www.intechfinishing.com |
DuPont To Invest INR2 Billion In
India R&D Center - Executive
NEW DELHI -(Dow Jones)- U.S. chemical maker DuPont Co. (DD) now plans to
invest more than 2 billion rupees ($51 million) to build and equip its
global research and development center in the southern Indian city of
Hyderabad, the company's India chief said Tuesday.
"We are building the facility for 600 people and will start with about 200,"
said DuPont India President and Chief Executive Officer Balvinder Singh
Kalsi.
Earlier this year DuPont said it would invest about INR1 billion setting up
the center. The cost has now increased with a broader scope for R&D and
higher construction costs, Kalsi told reporters at the sidelines of the
World Economic Forum's India summit.
The company has already started hiring scientists and the research center
would be running in June 2008, said DuPont India's R&D Director Homi Bhedwar.
DuPont also plans to expand a facility in western India which primarily
makes agrochemicals and coatings products, Kalsi said.
The world's second largest chemical company plans to grow its business in
India organically and through acquisitions, he said.
It has six production facilities in India for products in the crop
protection, engineering polymers, refinish and hybrid seeds segments.
"Our coatings business in India currently is involved in refinishing...We
are expanding in automotive paints and coatings," he said. It would spend
INR250 million to double the coating and paints capacity at the facility in
western Indian state of Gujarat. <more>
Asian Paints to infuse Rs 300 cr
in new Haryana plant
NEW DELHI: Paint manufacturer
Asian Paints on Monday said that it would invest Rs 300 crore in setting up
a greenfield manufacturing plant at Rohtak in Haryana.
"We have acquired 130 acre of land at Rohtak and would initially invest Rs
300 crore to set up a greenfield manufacturing unit there,'' Asian Paints'
Corporate Relations Chief Manager Rajeev Batra said on the sidelines of
India Economic Summit here.
The new plant will initially have a capacity of 1,50,000 kilo litres of
paint per annum. He said the company is also looking at doubling the
capacity at the Rohtak plant in the near future.
"The plant with initial plant capacity of 1.5 lakh kilo litres is likely to
come up by end 2009 and we might double the capacity in near future based on
the market demand.''
Presently, Asian Paint has a capacity of 3 lakh kilo litres of paints per
annum. The new plant would take up the capacity to 4.5 lakh litres per
annum. - PTI
Kansai Nerolac plans to cash in on housing boom
KOLKATA: Kansai Nerolac is reorienting its decorative paints strategy to
leverage the recent boom in the housing sector. The company is sprucing up
its emulsions business as part of this strategy.
The company is all set to splurge nearly Rs 50 crore for a decorative paints
branding exercise in 2008-09, a major slice of which will go into promoting
the emulsion paint category. The company is increasing its emulsion paints
capacity.
The company has just acquired over 50 acres at Hosur to set up a greenfield
water-based emulsion paints unit at a capital outlay of Rs 67 crore. The
company is likely to start construction in February 2008. <more>
No open offer for Indian shareholders in Akzo Nobel's ICI buyout
MUMBAI: Akzo Nobel's acquisition of ICI would normally have triggered off a
bonanza in the form of an open offer in India, for ICI India's shareholders.
Both companies are global majors in the paints and chemicals sectors. Akzo
Nobel is paying ICI shareholders $6.7 a share for the acquisition.
However, the manner in which the global acquisition is being structured will
mean that there will be no open offer for ICI India's shareholders. SEBI
has, in an informal guidance letter issued on December 12, said Akzo Nobel
will not be required to make an open offer under SEBI's Substantial
Acquisition of Shares and Takeovers Regulations. <more>
White and popular
Apparently, we Indians are not the only ones who think white is a good
colour for our cars. It is a body colour that conceals scratches well, or
rather doesn't let it show as much. It is easy to maintain and can be
carried off on any car, however good or bad the car's design. And also
importantly for uyers here, white projects this impression of purity. These
may be the reasons why not just taxi buyers, but also individuals seem to
prefer white. Wonder how many car buyers also know that white is also one of
the most visible colours during the night.
According to the DuPont 2007 Global Colour Popularity Report, silver is no
longer the undisputed colour champion of the automotive world. Though it
continues to be very popular, after seven years in first place, silver ran
into tough competition this year with white and a white pearl rising to be
the lead colour choice for vehicles in one key region and two countries.
In North America, white/ white pearl, silver and black/ black effect are in
a virtual tie for first, with white/white pearl narrowly taking the top
spot, according to the report issued by the company's Automotive Systems
business.
White overcame silver in Japan and is the decisive leader in Mexico, more
than doubling the popularity of grey.
Screw feeders improve powder
coatings productivity
Latest agitated screw feeders and chutes have increased production and
improved containment at a leading manufacturer's powder coatings plant
Powder coating manufacturer, Becker Powder Coatings, has installed new
agitated screw feeders and chutes. Supplied by solids handling equipment
manufacturer, Ajax Equipment, the equipment will increase production and
improve containment at Becker's Liverpool, UK factory. Becker Powder
Coatings manufactures thermosetting powders for a wide range of industries
including the automotive industry where the coatings protect cars and
motorcycles produced by major manufacturers.
Mobile screw elevator for handling bulk materials
Ajax Equipment, a solids handling equipment specialist, has developed a high
capacity, mobile screw elevator designed to lift materials up to height of 6
meters. Accurate and consistent particle size control and formulation of the
coatings are important, so users can achieve optimum transfer efficiency.
Powder coating manufacture is a batch process.
An agitated hopper, held in a docking station, contains the pre-mix bulk
powder, which is poured down a chute to an agitated screw feeder that feeds
an extruder producing an intermediate compound for subsequent processing to
produce the final product.
The Ajax screw feeders and chutes are a like-for-like replacement of
existing equipment feeding two extruders respectively; but with some
important differences.
Teknos opens new powder coating factory in Rajamäki
The official opening of Teknos' new powder coating factory took place on
November 15 in Rajamäki, Finland. The opening ceremonies including evening
reception gathered 700 guests from all over Europe. Greetings from the
Finnish government brought Prime Minister Matti Vanhanen. The new powder
coating factory is 10,000 square meters and is the largest of its kind in
the Nordic countries. The new facility cost approximately €17 million.
The demand for powder coatings has grown in all Teknos market areas in
recent years, so the creation of new capacity is timely, according to the
company. Teknos is the market leader for powder coatings in the Nordic
countries and Russia.
ASTM Subcommittee Establishes
New Powder Coating Standard
Measuring the thickness of dry coating powders is an important factor in the
manufacture of a variety of products. ASTM International Committee D01 on
Paint and Related Coatings, Materials and Applications has developed a new
standard for this purpose: D 7378, Practice for Measurement of Thickness of
Applied Coating Powders to Predict Cured Thickness. D 7378 is under the
jurisdiction of Subcommittee D01.51 on Powder Coatings.
The new standard references three methods for measuring thickness – comb,
magnetic and ultrasonic. Procedures A (comb) and B (magnetic) measure the
thickness of the applied coating powders in the pre-cured, pre-gelled state,
while Procedure C (ultrasonic) results in a predicted thickness value based
on a calibration for typical coating powders.<more>
PPG ‘White Paper’ Compares Key Aspects of Liquid, Powder Coatings for
Architectural Aluminum
PPG Industries Inc.’s industrial coatings business announced the publication
of a “white paper” comparing environmental, economic, and performance
aspects of the application of liquid and powder coatings to architectural
aluminum.
The eight-page technical document reviews historical factors that have made
liquid coatings the prevailing choice of North American architects and
powder coatings the preferred option in Europe. The paper also examines
environmental advantages associated with powder coatings and the design and
custom-color benefits of liquid coatings. The review notes that differences
between the two types of coatings may be narrowing, offering architects and
building owners a wider range of design and technology choices.
Xiom Corp. Launches Latin American Marketing Campaign
WEST BABYLON, N.Y.--(BUSINESS WIRE)--Xiom Corporation (OTCBB: XMCP),
developers and manufacturers of the first completely portable polymer powder
coating spray system, has launched a marketing campaign to increase
awareness of the company in Latin America. Marlon Evora, a former resident
of both Puerto Rico and the Dominican Republic, has been named marketing
manager for Latin America. A graduate of the University of
Massachusetts-Amherst, Evora had extensive experience in wholesaling before
joining Xiom.
In addition to advertising in various publications, one of the first steps
in the campaign is to develop a network of distributors in Latin America.
According to Evora, “The market for thermal spray powders and equipment is
projected to exceed 1 billion USD annually. Almost every manufactured item
can benefit from a protective coating to increase its durability. Xiom’s
revolutionary powder coating system and coatings are posed to become
industry leaders because they provide superior performance, low cost and
ease of use while being environmentally friendly.”
With the Xiom system, it is possible for the first time to powder coat
anything of any size, indoors or out. With conventional powder coating,
objects that are coated must be cured in large ovens, which makes
conventional powder coating very costly and prevents it from being portable.
Xiom’s portable system can be used anywhere compressed air is available.
Xiom has also developed a complete line of unique mixed polymer coatings to
be used with its spray system. Because these coatings are actually a hard
plastic, they are more durable and weather-resistant than conventional
powder coating and there is no dripping, no overspray problems and
absolutely no VOCs (volatile organic chemicals). Xiom’s coatings line comes
in many colors and has a wide variety of uses. In addition to prolonging the
life of structures by providing weatherproofing and preventing corrosion,
specialized coatings protect marine hulls, reducing maintenance costs and
cutting fuel consumption. Other coatings provide for easy removable of
graffiti, create non-slip surfaces or glow in the dark. In addition, Xiom
Corp. manufactures a line of powders for industrial release and grip
coatings. Many of Xiom’s powders can be configured with anti-microbial
properties to reduce germs.
According to Evora, Xiom’s distributors in Latin America “will have a
valuable and unique new product line that fulfills major needs in a variety
of industries: painting, marine, petrochemical, construction…And they’ll
have the benefit of Xiom’s sales, marketing and technical staff members.” <more>
Infrared speeds up Powder Coating of Signs
A medium wave infrared oven from Heraeus Noblelight is helping Hawes Signs
to achieve significant increases in production line speed in the powder
coating of aluminium and steel panels at the company’s Northampton
headquarters manufacturing site. The new oven was installed during an
on-going, up-grading programme, which aims to see continuous improvement in
all aspects of Hawes’ manufacturing operations<more>
10th anniversary of BASF’s neopentyl glycol plant
WEBWIRE – Thursday, December 20, 2007
* World-scale plant was started up in 1997
* Production in Europe, Asia and NAFTA
* Important intermediate for coatings applications
The neopentyl glycol (NPG) plant of BASF at Ludwigshafen has turned 10 this
year. BASF had started up a world-scale plant in 1997, replacing a much
smaller facility. In 2007, the capacity of this plant was raised by 10,000
metric tons per annum. This expansion is due to the fact that the demand for
NPG keeps rising around the globe, mainly in coating applications. BASF is
now the only company that has NPG production facilities in Europe, NAFTA and
Asia with a total annual capacity of 165,000 metric tons worldwide. The
company is a leading NPG manufacturer and offers highly dependable supplies
for its customers in the long term thanks to its backward integration.
“We support our customers’ growth regionally in their markets by producing
NPG around the world,” said Hartwig Michels, head of the regional Diols and
Polyalcohols business unit of BASF’s Intermediates division. He added: “The
coatings industry is one of our major outlets for NPG. It is characterized
by dynamic innovation, therefore we see many starting points for promising
developments on the basis of NPG.” NPG is used in coatings as a tried and
tested essential component for eco-efficient powder coating resins. It is
also used for unsaturated polyester and alkyd resins, which serve as binders
in a variety of liquid coatings.<more>
US paint and chemical maker looks for future growth in Asia
PITTSBURGH (AP) - PPG Industries Inc. hopes to expand further in Asia in the
coming years by acquiring small and midsize paint and industrial-coating
manufacturers, the company's top executive said Thursday.
Charles E. Bunch, PPG's chairman and chief executive, said the maker of
paint, coatings, glass and chemicals would consider growing in Asia after
completing its acquisition and integration of SigmaKalon Group, Europe's
second-largest coatings maker.
PPG said in October it was buying the Dutch company from private equity
group Bain Capital LLC for $3.1 billion (euro2.16 billion).
The deal, slated to close in January, will be the 124-year-old company's
biggest to date and will significantly extend its global reach.
The company's merger and acquisition strategy will now shift more toward
Asia, and the company hopes to consider buying certain small and midsize
firms there, he said. <more>
Netherlands : Akzo Nobel color
standards to be introduced within Shell
The second
biggest oil company in the world, Shell is active in 130 countries and
operates approximately 45,000 service stations and several thousand business
sites including offices and manufacturing plants.
The redesign will include all of these locations, with Akzo Nobel having
been chosen as one of only two approved suppliers for the five-year project.
“Being awarded approval on this scale is a clear indication of the
unrivalled quality and expertise we are able to offer our customers wherever
they may be,” said Akzo Nobel CEO Hans Wijers.
“As the world’s largest coatings company, we are always looking to offer
innovative solutions to our customers and meeting Shell’s extensive
requirements emphasizes our wide-ranging know-how and global capability in
all aspects of coating technology.” <more>
European Union
Denies Exemption fot the use of Hexavalent chromium for
Electrical/Electronic Equipment
The European Union continues to issue regulatory directives restricting or
limiting the use of metals in products such as the ELV, RoHS, and WEEE.
Providing the surface finishing industry with information on compliance and
testing methodology, understanding the specific requirements of these
directives and how they impact global supply chains, and positioning the
industry to more competitive in global markets is critical for the metal
finishing industry and its customers. more
Nanotechnology
Improves Water-Based Coatings
Nanophase Technologies has developed new nanoengineered dispersions that can
increase the scratch resistance and gloss retention of water-based systems
to be equal to solvent-based organic systems. The new nanoengineered
dispersions enable an applied coating to resist scratching and marring and
retain high gloss by up to 80% after rigorous industry testing. The
dispersions produce 300 to 400% improvement in scratch resistance for
commercially available water-based coatings tested by the company.
more
Henkel
collaborates with DuPont
Henkel has announced a collaboration with coatings provider DuPont to
distribute DuPont's "CorMax" electrocoat to the North American automotive
parts supplier industry. This alliance expands Henkel's product offerings.
With DuPont's electrocoat technology, Henkel can now offer customers a
single point of contact for service, troubleshooting and ordering their
surface preparation and coating solutions. "This collaboration builds upon
our commitment to provide a full-range of coating solutions for the
automotive supplier industry," said Dan Wohletz, vice president, Automotive,
Henkel North America. "We have an extensive team of sales and service
providers in this industry that are now be able to provide our customers a
complete coating solution, from pre-treatment to e-coating."
OSHA Inquiry Continues into Painter Deaths at Hydro Plant
The Occupational Safety & Health Administration is continuing to investigate
the accident that led to the deaths of five painters at a Colorado
hydroelectric plant, according to Herb Gibson of OSHA’s Region 8 Denver
office. The accident occurred at the Xcel Energy Cabin Creek Hydroelectric
Plant in Georgetown, Colorado, on October 2.
A fire started in a penstock where a crew of nine painters was conducting
maintenance painting, according to information released from the Clear Creek
County Sheriff’s Office. The penstock is a long, sloping pipeline with its
upper end in the intake reservoir and its lower end in the discharge area.
In an October 4 press release, the Sheriff’s Office reported that the fire
burned 1,400 ft up the penstock.
Aircraft Prize
Refinished with ANAC Coatings
A 1977 Cessna Cardinal 177B aircraft, being given away by the world's
largest pilots association, U.S.-based Aircraft Owners and Pilots
Association (AOPA), in its annual sweepstakes, has been refurbished with
coatings donated by ANAC (Akzo Nobel Aerospace Coatings) through its
distributor network.
The sweepstakes, which features a different restored aircraft each year, is
the mainspring of the annual membership drive with every member entered. The
members, who own and operate primarily single and twin-engine planes for
business and personal use, are able to follow the progress of the work on
line and through AOPA's publications, taking notes for their own projects.
AOPA has a membership of 414,000, two thirds of all pilots in the U.S. <more>
Dow Increases
Prices for Vinyl Acetate Monomer in All Regions
MDLAND, MI— December 14, 2007 — The Dow Chemical Company (“Dow” ) announced
today that it will increase off-list selling prices for Vinyl Acetate
Monomer in Latin America by US$100 per metric ton; in Asia Pacific by US$100
per metric ton; in Europe by 100 Euros per metric ton; in the Middle
East/Africa by US$100 per metric ton. In the United States and Canada, list
and off-list prices will increase by $0.05 per pound. This increase will
become effective on January 1, 2008.
Needle Roller
Bearings Chooses VICOTE Coating
Needle Roller Bearings Co. Ltd (NBR), a leading manufacturer of needle
roller bearings targeted for use in motorcycle engines, outboard motors and
other high rotational speed engines, has chosen Victrex plc’s VICOTE® 804
Blk coating to replace copper and silver plating. The coating is believed to
reduce the wear on the outer surface of the roller bearing, and thus can
enable longer life of the actual cage.
Needle roller bearings are manufactured predominantly for commercial markets
including automotive and industrial, but are used in virtually every sector
where high speed rotational equipment is employed. Traditionally, the outer
surfaces of the bearing cage are plated with expensive copper and silver
layers to reduce wear. Following tests under which the bearing was subjected
to rotational speeds of 9000 rpm for over 100 hours, the copper and silver
layers wore off, causing damage to the cage and possible premature failure
of the bearing; however, the same test was conducted on a bearing coated
with VICOTE 804 Blk, and the bearing cage showed no signs of wear at the end
of the test. This wear performance was achieved with a coating 50% thinner
than the traditional copper/silver plating.
“A further advantage of the VICOTE Coating solution is that the process for
applying the coating is simpler and less damaging to the bearing cage than
applying the traditional copper/silver plating. The process for applying the
copper/silver plating to the bearing cage can cause hydrogen embrittlement
of the bearing cage, which can also lead to premature, catastrophic, bearing
failure,” said Louis Hsueh, plant manager, NRB Taiwan.<more>
Nordson 4Q Profit
Rises 6.7 Percent
Nordson Corp., which makes precision dispensing equipment, said Tuesday its
fiscal fourth-quarter profit rose 6.7 percent on the back of double-digit
sales growth.
Net income for the quarter ended Oct. 31 rose to $29.6 million, or 87 cents
per share, from $27.8 million, or 82 cents per share. The latest quarter
includes a charge of 1 cent per share for short-term purchase accounting for
acquired inventory. In the 2006 quarter, earnings from continuing operations
totaled $29.5 million, or 87 cents per share.
On average, analysts surveyed by Thomson Financial forecast a quarterly
profit of 80 cents per share.
Sales rose 20 percent to $290.8 million from $241.5 million. Nordson said
acquisitions accounted for 11.6 percent of the sales increase and core
volume added 4.4 percent, with the remainder coming from the effects of
currency translation.
On a geographic basis, fourth-quarter sales volume increased 26.5 percent in
the Americas, 22 percent in Japan, 16.4 percent in Asia Pacific, 15.9
percent in Europe and 11.9 percent in the United States.
For the fiscal year, net income was flat at $90.7 million, or $2.65 per
share. Sales rose 11 percent to $993.6 million.
Akzo Nobel
Acknowledges Improper Payments Made by Its Subsidiaries to Iraqi Government
Under the U.N. Oil for Food Program, Enters Agreement With Department of
Justice
WASHINGTON, Dec 20, 2007 /PRNewswire-USNewswire
via COMTEX/ -- The Dutch company Akzo Nobel N.V., has entered into an
agreement with the Department of Justice, acknowledging that its
subsidiaries made improper payments to the Iraqi government in connection
with contracts acquired by the subsidiaries pursuant to the U.N. "Oil for
Food" Program, Assistant Attorney General Alice S. Fisher of the Criminal
Division announced today.
Akzo Nobel, a Dutch company with its headquarters in Arnhem, Netherlands,
has acknowledged responsibility for the actions of two of its subsidiaries
whose employees and agents made improper payments to the Iraqi government in
order to obtain contracts with Iraqi ministries. According to the agreement,
between 2000 and 2002, the two subsidiaries, N.V. Organon and Intervet
International B.V., sold by Akzo Nobel earlier this year, paid a total of
approximately $280,000 to the Iraqi government by inflating the price of
contracts, usually by adding 10% before submitting the contracts to the
United Nations for approval, and concealing from the United Nations the fact
that the prices contained a kickback to the Iraqi government. <more>
Similar news
Akzo to pay up to $3.8 mln in oil-for-food settlement
Akzo Nobel settles Iraq kickback claim
PPG Industries and Kansai Paint Expand Alliance in Europe to Include Hungary
TROY, Mich., Dec 20, 2007 /PRNewswire-FirstCall via COMTEX/ -- PPG
Industries (NYSE: PPG: 70.32, -1.54, -2.14%) and Kansai Paint have expanded
their alliance, known as PPG Kansai Automotive Finishes (PKAF), to include
the sale of automotive coatings to Japanese-owned or operated
original-equipment manufacturers (OEMs) in Hungary. The business was
transferred from a previous venture between Akzo Nobel and Kansai Paint.
"Global OEMs are continuing to add capacity in Eastern Europe, as it is one
of the fastest growing regions in the automotive industry," said Richard J.
Rurak, president, PKAF. "The expansion of our alliance will enable us to
better serve the needs of Japanese automotive manufacturers and automotive
parts suppliers operating in Hungary and may lead to future opportunities
for collaboration in other areas of Eastern Europe." <more>
Infobyte
Indian steel giant Tata’s acquisition of
Anglo-Dutch rival Corus,... £ 6.2 bn
Akzo Nobel’s takeover of the chemical giant ICI...........................£
8.0 bn
<more>
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