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Visits
Sudhir Desai
Sudhir Desai, General
Manager India, from ITW Gema was in Indore . During his visit he
introduced the ITW Gema venture in India and briefed about Gema's
Indian operation & future plans.
Ray Hao
 Ray
Hao in charge of overseas sales promotions from Yantai Electrostatic
powder equipment co.,ltd. paid a visit to India . During a telephonic
discussion he said, "Powder coatings in
India is recovering quickly and now growing rapidly and I can feel, this market is huge and potential too
but we are changing our idea and focusing on this market
and so our strategy for electrostatic powder coatings production equipment
is adjusted too to meet this demand
"
During his visit he met several powder manufacturers,
"We are in close touch with them,
possibly we can finalise a deal with them , our prices are also comparable
with other brands. Indian market will be of great importance in 2010. This is our focus"
In two months Ray Hao will be in India again to attend coating show to
further promote these equipment,
"We are doing lots of work for this market and need to explore this market through the on site visit.
Its different from China market and other markets."
he said
Ray Hao found our website
India Power Coating useful in finding
information about this industry.
Let's Finish It is also a new
experience as its open to the public
New underwater paint by IIT-M
The Indian Institute of Technology (IIT) in Mumbai has developed a
formulation for underwater painting for the first time in India. At
present, none of the Indian firms or multinational paint companies in the
country produce underwater coating.
Professor AS Khanna from department of metallurgical engineering and
materials science, who is also the chairman of society for surface
protective coatings India (SSPC) told Financial Chronicle, “A team of
researchers from our department have developed a sophisticated formulation
for underwater coating for the first time in India.”
The commercial production will begin by the end of this year by Larsen &
Toubro, which has funded the research, he said. The IP and branding were
yet to be finalised with the company, he added.
Khanna said at present India imported underwater coating from the UK, the
US, Japan and Portugal. The product’s market size in India is Rs 250-Rs
300 crore annually, he added. “The market size will more than double in
less than five years when Krishna-Godavari Basin, off the Bay of Bengal,
of Reliance Power and British major Cairn Energy in Barmer, Rajasthan,
will go into full scale production of gas,” he said.
“The demand for underwater coating application used mainly in marine
business and oil and gas companies among others will shoot up, increasing
business opportunities,” Khanna said.
K J Aiyangar, SSPC secretary and general manager (protective coating),
Berger Paints India, said the decorative and industrial paint market size
was Rs 12,000 crore. “It is growing by 15 per cent as per Frost & Sullivan
market research,” Aiyangar said, and added that the auto industry and
ancillary units alone in the country consumed paint worth over Rs 2,000
annually.
Khanna has submitted a 100-page proposal to guarantee the paint of a
railway arch bridge over Chennab river in Jammu and Kashmir for 35 years.
According to Khanna, the Indian railways consumes 40 per cent of the
decorative and high performance coatings. “The conventional painting last
for 15-18 years whereas Japan has developed a hybrid system of coating to
last for 25-50 years,” Khanna said. <more>
Molded parts get PUR coating
in a single mold By MPW Staff
Multicomponent
injection molding, in a single mold, with one of the materials a PUR
coating that protects its thermoplastic substrate: that's the beauty of a
technology that was first discussed five years ago and now is claiming its
initial commercial success, and in no less of a project than the new BMW 5
Gran Turismo.
Sometimes a novel technology appears briefly but then quietly disappears.
This time, one first highlighted at the K show in 2004 has made its way
into commercial production at fischer automotive systems GmbH, a German
processor of plastic automotive systems. The new technology being
employed, called DirectSkinning, grew out of the work first presented by
plastics processing machinery manufacturer KraussMaffei at that event. The
initial technology was known as SkinForm. <more>
Asian Paints Q3 net profit up
at Rs 179 cr
Asian Paints has
announced its third quarter. The company's Q3 net profit was up at Rs 179
crore versus Rs 50 crore, year-on-year, YoY.
Its net sales were up at Rs 1,278 crore versus Rs 1,007 crore, YoY.
The company's trailing 12-month (TTM) EPS was at Rs 22.15 per share. (Sep,
2009)
The stock's price-to-earnings (P/E) ratio stands at 23.30.
The book value of the company is Rs 331.78 per share. Price-to-book value
of the company was 1.56. <more>
ICI India net decline over 80
pc in Q3
NEW DELHI: Paint
manufacturer ICI India on Friday reported an over 80 per cent decline in
net profit at Rs 30.47 crore for the third quarter ended
December 31, 2009.
The company had a net profit Rs 174.97 crore in the corresponding period
last fiscal, ICI India in a filing to the Bombay Stock Exchange.
Net sales of the company increased by 5.5 per cent to Rs 245.94 crore
during the quarter under review as compared with the corresponding period
last fiscal. The company had a net sales of Rs 232.94 crore in the third
quarter of 2008-09. <more>
Bangladesh Paint
Industry:Paint makers continue double-digit growth
Bangladesh's paint
industry has been growing at a double-digit rate for the past several
years riding on the increasing demand from the construction sector, market
players said.
A recent study reveals its market size based on demand is estimated at Tk
1,000 crore and domestic production capacity Tk 920 crore. Leading private
commercial bank Prime Bank conducted the study.
The demand-supply gap, according to the study, is Tk 80 crore.
“We believe there is still good prospect for paint industry here. It is
growing constantly,” said Sangam Lal, chief financial officer of RAK
Group, a UAE-based conglomerate that has been working on setting up a
paint factory in Bangladesh.
The Tk 50-55 crore factory is likely to go for commercial production by
the year-end.
Only a few players Berger, Asian, Roxy, Pailac, Aqua and Elite etc are
operating in the market with over 90 percent market share.
The Prime Bank study shows Berger alone holds 48 percent market share,
followed by Asian Paints 12 percent, Roxy 10 percent, Pailac and Aqua each
7 percent and Elite Paints 5 percent. Uzala and Navana paints are also in
the market. <more>
Kerala has emerged as the
number one market for exterior emulsion paint companies like Asian Paints,
Nerolac, Dulux and Jotun.
Market leader Asian Paints, for instance, is estimated to get around Rs
400 crore worth of business from this state alone.
Kerala contributes to about 8-10 per cent of the company's top line,
according to analysts. The company, though, did not confirm this.
For Nerolac Paints, too, the Kerala market is important, since consumers
there prefer an array of colours. “The use of vibrant and more pronounced
colours is very popular in the south and so, test marketing for any new
colour becomes almost imperative in this state,” says Sukhpreet Singh,
general manager, marketing.
The decorative paints market in Kerala alone is about Rs 850 crore and
growing at 40 per cent a year, the highest in India. The exterior emulsion
market here is most competitive.<more>
Jotun expects 40% growth in
sales
Nani Afrida , The
Jakarta Post , Jakarta | Wed, 01/27/2010 6:27 PM | Business
Norway-based paint producer PT Jotun Indonesia has expressed confidence
its sales will grow by 40 percent this year in line with the company's
plan to launch several new products to attract new consumers.
"The target seems sensational, but the improvement of global economic
situation will boost the sales," Jotun Indonesia president Bjorn Abraham
Bache told reporters during a media visit at Jotun factory in Bekasi on
Wednesday.
He said that his company's sales last year were projected to reach more
than Rp 400 billion. "This year we project to get Rp 550 billion in
sales,"Abraham said. <more>
Rise in raw material costs
may hamper Asian Paints’ growth
Asian Paints, India’s
largest paints company, surprised the market by reporting an exceptional
growth for the quarter ended December 2009 with strong demand for
decorative paints enabling the company to report a robust performance.
While the company has reported improved performance in all its three
business units — decorative, industrial and international division —
overall growth stands out as exceptional due to poor performance in the
December quarter a year ago.
The fiscal year 2009 was a tough one for the company on account of lower
consumer demand, high raw material costs and the depreciation in rupee.
The low base year effect and subdued raw material prices, therefore, have
largely contributed to the extra-ordinary show this December quarter. <more>
Asian Paints to exit from
Thailand, China by end-Feb
Mon Jan 25, 2010
12:39pm IST Email | Print | Share| Single Page[-] Text [+] MUMBAI, Jan 25
(Reuters) - Asian Paints Ltd (ASPN.BO: Quote, Profile, Research), India's
top paints maker, expects to exit operations in China and Thailand by the
end of February, a senior official said.
The firm, which has sold its stakes in Malaysia and Hong Kong units, gets
more than half of its international revenues from the Middle East.
"The company has divested its units in Hong Kong and Malaysia, the
divestment of units in Thailand and China are currently in progress," P M
Murty, managing director and chief executive, told a conference call.
He said the company hopes to complete the divestment by next month. <more>
Nordson Corp. Reports
Fourth-Quarter and Year-End Results
WESTLAKE, OH – Nordson Corp. has reported results for the fourth quarter
and fiscal year 2009. For the quarter ending Oct. 31, 2009, sales were
$237 million, an increase of 15 percent over the third quarter of 2009.
Net loss for the quarter was $209 million, or $6.22 per diluted share,
inclusive of non-cash goodwill and other long-lived asset impairment
charges of $7.08 per share. Excluding the impairment charges, adjusted
earnings for the quarter were $29 million, or $0.85 per diluted share,
inclusive of a $0.04 per share charge related to previously announced cost
reduction activities. Prior-year fourth-quarter sales, net income and
diluted earnings per share were $298 million, $31 million and $0.90,
respectively <more>
AkzoNobel’s Ningbo Plant
Starts Production
NINGBO, China -
AkzoNobel has announced that production will start at its chelates
facility located at the company’s new site in Ningbo, China.
The startup of the first activities in Ningbo means that AkzoNobel is now
the only major producer of chelates with plants in Europe, North America
and Asia. New ethylene amines and ethylene oxide factories are also due to
begin production at the site in 2010, followed by an organic peroxides
facility.
“China is a key market for us and the Ningbo site will enable us to better
serve customers throughout the Asia-Pacific region,” said Rob Frohn, the
AkzoNobel Board Member responsible for specialty chemicals. “Growth in the
emerging markets is fundamental to our strategy, and Ningbo will play an
important role as we look to further boost our presence and capabilities.”
The new plant, which will help to optimize the company’s global supply
chain, will produce most of the basic chelates in AkzoNobel’s Dissolvine®
product range. This will include the company’s new biodegradable chelating
agent, Dissolvine GL, which can be used in applications such as detergents
and oilfield and is expected to play an important role as a phosphate
replacement in cleaning formulations. <more>
Akzo Nobel CEO Says 2010 Will Remain Challenging
AMSTERDAM (Dow Jones)--The chief executive of Netherlands-based
chemicals company AkzoNobel NV (AKZA.AE) Friday said 2010 will be a
challenging year marked by the company's battle to counter cost
inflation in low-growth regions while investing in emerging markets.
"2009 was an extremely tough year and 2010 is likely to be another
challenging year and we need to maintain our focus on customers, costs and
... <more>
Sherwin-Williams Awarded $24
Million U.S. Navy Just-In-Time Marine Coatings Contract
70 Percent of Overall Contract Goes To Cleveland-Based Company
Cleveland, OH (January 18, 2010) – Sherwin-Williams Protective Marine
Coatings has been awarded a $24 million, five-year U.S. Navy contract to
supply marine coatings per Just-In-Time (JIT) delivery to four U.S. Navy
shipyards. The company was one of two low bidders in the first national
comprehensive JIT coatings contract awarded by the Fleet and Industrial
Supply Center (FISC), based in Norfolk, Virginia. The overall value of the
contract, awarded over five years, is approximately $34.5 million.
Previous U.S. Navy JIT contracts had been awarded for individual
shipyards.
“Sherwin-Williams is proud to be a primary supplier of marine coatings for
the U.S. Navy in 2010,” said Brad Rossetto, Vice President, Marketing,
Sherwin-Williams Protective Marine Coatings. “We have a long tradition of
supplying innovative coatings to the Navy. For example, Sherwin-Williams
is currently providing coatings for active vessels such as the
supercarrier U.S.S. Theodore Roosevelt, as well as historic warships such
as the U.S.S. Missouri, the battleship on which Japan unconditionally
surrendered to the United States, ending World War II.” <more>
DuPont Licenses Teflon® to
National Paints in EMEA
 DuPont
recently signed a DuPont™ Teflon® surface protector trademark license
agreement with National Paints Factories Co. Ltd., the largest
architectural coatings producer in the Middle East. This marks the third
DuPont™ Teflon® license to be signed in the Middle East.
Headquartered in the United Arab Emirates (UAE), National Paints will
co-brand three interior and two interior/exterior paints and a wood
varnish with DuPont™ Teflon®. National Paints will market the products in
the UAE, Oman, Jordan, Yemen, Qatar, Bahrain, Saudi Arabia, Kyrgyzstan and
Kazakhstan.<more>
Dow Coating Materials
Announces Price Increases in North America
Dow Coating Materials,
a division of The Dow Chemical Company (NYSE:DOW) will implement a price
increase for all acrylic and acrylic-based products sold to the
architectural coatings, industrial coatings, and traffic paint industries.
The increase of $0.05 per lb. is in addition to any previously announced
increase. The increase will take effect immediately or as contracts allow
and will affect all acrylic and styrene-acrylic emulsions,
vinyl-acetate-based emulsions, rheology modifiers, opaque polymers, and
dispersants. Dow Coating Materials will also implement a price increase of
$0.09 per lb. for all solution and solid-grade Paraloid™ resins. The
increase will take effect immediately or as contracts allow and is in
addition to any previously announced increase.
In making the announcement, Neil Carr, General Manager of Dow Coating
Materials North America, cited the continuing escalation in raw material
costs as necessitating the increases<more>
Burj Khalifa painted and
protected by Jotun paints and coatings
2010-01-06 - Company
used 122,000 kilo grams of powder coating and 487,000 litres of paint on
the world’s tallest tower
Jotun, one of the world’s leading producers and suppliers of paints and
coatings, announced that it has painted the ‘Burj Khalifa’, a mix-used
development by Emaar Properties.
Single Source Solution
A total of 122,000 kilo grams of powder coatings and 487,000 litres of
paint have been used to decorate and protect the world’s tallest tower,
which was inaugurated January 4. The ‘Burj Khalifa’ is the latest project
to benefit from Jotun’s revolutionary ‘Single Source Solution’ concept.
The ‘Burj Khalifa’ project required the use of a metallic matt powder
coated finish to complement the aluminium for the 28,261 cladding panels
that make up the exterior of the tower and its two annexes. To address
this unique requirement, Jotun Powder Coatings developed a specially
formulated ‘Corro-Coat PE-F Façade Iris and Oyster Bond‘, a bonded
metallic product for this project. On the other hand, coating the 2,684
feet spire of the renowned tower is ‘Baltoflake’, a glass flake reinforced
polyester coating that provides outstanding resistance to abrasion, water
and most chemicals. The product was recommended by Jotun and chosen by the
client for its 20-year life span and minimal need for maintenance.
Hexion exits European
solvent-coating business
US-based Hexion
Specialty Chemicals has reached a definitive agreement to sell its Italian
solvent-borne alkyd and polyester coating resins to an affiliate of Tenax
group of Italy.
The deal, the value of which has not been disclosed, includes the entire
Hexion solvent-borne coatings business and its production facility in Cola
di Lazise, Italy.
The disposal marks Hexion’s exit from the European solvent-borne coatings
market. However, the company said in a statement that it intends to
maintain its presence in Europe in the waterborne, powder coating and
coating resins markets.<more>
ASTM B567 -
98(2009a)
ASTM B567 - 98(2009a)
Standard Test Method for Measurement of Coating Thickness by the Beta
Backscatter Method
Significance and Use
The thickness or mass per unit area of a coating is often critical to its
performance.
For some coating-substrate combinations, the beta backscatter method is a
reliable method for measuring the coating nondestructively.
The test method is suitable for thickness specification acceptance if the
mass per unit area is specified. It is not suitable for specification
acceptance if the coating thickness is specified and the density of the
coating material can vary or is not known. <more>
"AkzoNobel widens
its powder coatings reach: on the heels of AkzoNobel's recently announced
plans to acquire Dow Chemical's powder coatings business, Coatings World
spoke with Rob Molenaar, managing director of AkzoNobel Powder Coatings,
about the transaction as well as the state of the global powder coatings
market"
Tim Wright "AkzoNobel widens its powder coatings reach: on the heels of
AkzoNobel's recently announced plans to acquire Dow Chemical's powder
coatings business, Coatings World spoke with Rob Molenaar, managing
director of AkzoNobel Powder Coatings, about the transaction as well as
the state of the global powder coatings market". Coatings <more>
IRL Predicts Rise in Russian
Paint Industry
Information
Research (IRL), located in Ealing, London, has made available the third
edition of A Profile of the Russian Paint Industry. The edition contains
information for 2009.
According to IRL, Russia has an industrial coatings market of 510,000
tonnes and a decorative paint market of 800,000 tonnes. IRL forecasts the
total Russian paint market to rise from a total of 1,310,000 tonnes in
2009 to 1,687,000 tonnes in 2014.
The publication states that the industrial coatings sector will need to
recoup losses from 2009, particularly in the automotive and powder
coatings sectors. One of the key drivers for the Russian coatings market
will be the Winter Olympics in Sochi in 2014. Construction and protective
coatings demand associated with structures used for the Winter Olympics
will be a strong point for the paint industry, IRL says. <more>
Three PPG workers claim in
suit they should have been paid overtime
Three PPG
Industries Inc. employees in New Hampshire, New Jersey and New York have
filed a federal lawsuit against the Downtown-based company, claiming they
were misclassified as managers and wrongly denied overtime pay.
The three employees said in the lawsuit filed Wednesday in U.S. District
Court in Pittsburgh that the company owes them an unspecified amount of
overtime pay and damages for what they call Fair Labor Standards Act
violations. Two of the workers were disciplined for challenging PPG's
policies, court documents said.
PPG representatives couldn't be reached for comment Thursday. <more>
Free Paint and Coatings
Available Through Initiative Foundation, Valspar
To help stretch
tight budgets in 2010, the Valspar Corporation will offer nonprofits and
communities a chance to apply for free paint and coatings through its
“Minnesota Beautiful” partnership with the Initiative Foundation.
Representatives from the Initiative Foundation and Valspar will select
8-10 restoration or beautification rojects to receive paint and coatings
based on their visual impact, public benefit, volunteer participation and
support, intended use and benefit to the needy.
Projects that may qualify for a grant include historic buildings,
community centers, public buildings, facilities for seniors or people with
disabilities, murals or other visual impact projects. Ineligible projects
include denominational churches, city maintenance, schools (except murals)
and privately owned buildings. Projects must take place in one or more of
the following counties: Benton, Cass, Chisago, Crow Wing, Isanti, Kanabec,
Mille Lacs, Morrison, Pine, Sherburne, Stearns, Todd, Wadena or Wright.
“We appreciate Valspar Corporation’s continued support, especially given
the challenging economic times that many of our communities are facing,”
said Dan Frank, Initiative Foundation program manager for community
development and Valspar program administrator for central Minnesota.
“Their consultants offer the grant recipients quality coatings as well as
advice on surface preparation, product selection and application. It’s a
great partnership.”
Applications are due by March 5, 2010. For more information or to apply
visit www.ifound.org or contact Dan Frank at (877) 632-9255 toll-free.
Headquartered in Little Falls, the Initiative Foundation serves central
Minnesota’s 14 counties as a regional resource for grants, business
financing, donor services, and community, organizational and environmental
planning.<more>
Berger Paints PAT up
87%
Berger Paints has
recorded a 87 per cent jump in profit after tax (PAT) to touch Rs 28 crore
for the quarter ended December 31, 2009, compared to Rs 15 crore in the
corresponding previous. <more> |
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