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Paint companies may
evade price cuts despite falling oil prices
Falling crude prices
means better days for paint makers, say experts. Well, don't expect price
cuts by the industry players any time soon.
Paint manufacturers opine that any downward revision in prices emerging out
of lower crude prices, already down by as much as 50%, would accrue only
after next 2-3 months as most of them are still carrying high cost
inventories.
Also, with oil prices widely expected to fall further - some predicting a
level of $40 before bottoming out - pickup by the trade channel is being
withheld, top officials of some of the paint companies said on the eve of
Indian Paint Conference.
"Many of our raw materials are imported and so most of us have 2-3 months of
raw materials in the pipeline which are quite often procured at higher
prices. Though I don't want to discuss our pricing action, if crude prices
continue to fall there would anyway be paint price reduction," KBS Anand,
managing director and CEO, Asian Paints said.
"Price of end products would fall once our high-cost inventory is exhausted
and we get the benefit of lower raw material prices. Since this is a highly
competitive industry, we don't have the luxury of enjoying high gross
margins for long. So, prices will fall but that will take a little bit of
time," Abhijit Roy, managing director and CEO of Berger Paints.
Raw materials like vinyl acetate monomer and Titanium dioxide, which
accounts for 15-18% of the total purchase basket of a paint company, are
derivatives of crude oil.
"Since we import raw materials like Titanium Dioxide, weakening of the rupee
also impacts us negatively. Also, before we consider impact of falling crude
prices, we have to remember that only the oil based prices get impacted, not
the water based ones," Roy said<more>
Research and Markets: Global Powder Coatings Market to 2019: Shipbuilding
Industry, Pipeline Attractive Prospects for Powder Coating
DUBLIN — Research and Markets has announced the addition of the "Powder
Coatings Market by Resin Type and by End-User Industries - Global Forecast
to 2019" report to their offering.
The global market size by value of powder coating was estimated to be
$8,782.30 million in 2014 and is projected to grow at a CAGR of about 6.54%
between 2014 and 2019. The data mentioned in the report are based on the
global demand for powder coatings.
The impact of different market factors, such as drivers, restraints, and
opportunities is also illustrated in the report. This gives an idea about
the key drivers, such as stringent government regulations; growth in the
end-user industries such as appliances, automotive, metal furniture, and
others. Technological advancements for powder coating is seen in
Asia-Pacific, especially in China where the appliances and furniture
industry is witnessing high growth. The economic slowdown in Western Europe
and the U.S. also affected the economy of other developed countries and the
price volatility in the past made the market more strained for the end-user
industries.<more>
Berger Paints India Ltd to consider Q3 results on Jan 30, 2015
A meeting of the Board of Directors of Berger Paints India Ltd will be held
on January 30, 2015, to consider, the Company's Unaudited Financial Results
for the quarter ended December 31, 2014 (Q3).
Shares of BERGER PAINTS INDIA LTD. was last trading in BSE at Rs.438.1 as
compared to the previous close of Rs. 452.25. The total number of shares
traded during the day was 179859 in over 10330 trades.
The stock hit an intraday high of Rs. 465.3 and intraday low of 436. The net
turnover during the day was Rs. 81404574.
Kansai Nerolac inks JV pact with Capital Holdings Maharaja
NEW DELHI: Kansai
Nerolac Paints has entered into a joint venture pact with Sri Lanka's
Capital Holdings Maharaja Pvt Ltd.
"The company has entered into a joint venture agreement with Capital
Holdings Maharaja Pvt Ltd, a group company in the Maharaja Group," Kansai
Nerolac Paints (KNP) said in a filing to BSE.<more>
Crude price fall to impact Q4
nos:
Kansai Nerolac In an interview to CNBC-TV18, HM Baruka, managing director,
Kansai Nerolac shares his views on the company’s Q3 performance.
Below is the verbatim transcript of the interview.
Sumaira: Can you take us through what your volume growth has been like for
this quarter?
Can you take us through what your volume growth has been like for this
quarter? A: Actually volume growth and value growth both are single digit in
this quarter compared to double digit growth of the previous two quarters
because of the festive season preponement the growth has been lower.
However, still it is about 8 percent over all growth in the current quarter.
Nigel: In terms of your segmental revenue, in terms of industrial as well as
automotive where exactly did that miss come about because it is higher
single digit but where exactly are you not seeing the kind of demand that
you expected? A: I do not think there is a miss; this was expected in this
quarter as I mentioned Diwali was about 15 days earlier compared to the last
year, so most of the sale had taken place in the month of September. This
quarter was expected to be lower. This was all expected on the expected line
and both the decorative as well as industrial divisions have done similar
growth, marginally decorative would be lower but I think both segments have
contributed equally.<more>
Asian Paints Forms New Company In Indonesia
Giving wings to its
overseas expansion, paint major Asian Paints Limited has forayed into the
Indonesian market by launching PT Asian Paints Indonesia. The new company is
a wholly-owned subsidiary of Berger International Limited, Singapore, which
in turn is an indirect subsidiary of the Asian Paints.
"We will also set up a manufacturing plant with a capacity of 24,550 ton in
the country. However, this will be executed only after the company receives
the requisite regulatory approvals," the company told the National Stock
Exchange (NSE) in a letter dated January 29, 2015.<more>
Paint your home at hands-on learning session
Want to paint your home? Do it yourself. Indian paint companies would train
you take up the brush. The industry is ready to help you colour up your
cottage or flat or house.
Apart from advising on colour schemes, some of the companies have started
training workshops for consumers. Abhijit Roy, MD and CEO of Berger Paints
India told Business Line that his company was conducting such sessions for
the willing customers.
“What is important was to break the psychological barrier, particularly
among young home owners, to paint their own life, literally,” he added.
According to Jayakumar Krishnaswamy, MD of Akzo Nobel India, colour was
associated with happiness. “We need to encourage that feeling to raise
consumption of paints.”
The paint industry is trying to bring in the elements of colour and
happiness in promoting demand for decorative paints. According to KBS Anand,
MD and CEO of Asian Paints, the focus shifted to the homemaker and the kids
-- the real consumers.
A leading paints dealer said he was amazed at the enthusiasm of a woman at a
hands-on learning session. “She, not a trade-mill regular, changed from sari
to a pair of jeans to climb up the indoor ladder with a brush and colour pot
without inhibition”.<more>
Abcite thermoplastic powder
coating application on pipe
BULLE,
Switzerland--(Business Wire)--Axalta Coating Systems (NYSE: AXTA), a leading
supplier of liquid and powder coatings, has received certification in
accordance with NSF/ANSI 61: Drinking Water System Components – Health
Effects standards for its Abcite® thermoplastic powder coatings, which are
used in a wide variety of industrial applications including pipes and
fittings for drinking water systems. NSF International is a global
independent public health and environmental organization responsible for
standards development, as well as product testing and certification.
NSF/ANSI 61 addresses the safety of products used in drinking water systems,
with particular focus on potential adverse health effects.
“NSF/ANSI 61 is a widely recognised industry standard for protecting
consumers and public health,” says Fréderic de Borman Chautems, Axalta’s
Abcite product specialist based in Switzerland. “Our Abcite coatings offer
outstanding corrosion and UV protection and are extremely tough, but we
wanted our customers to be aware of how safe they can be when in contact
with drinking water. Our Abcite certification to NSF/ANSI 61, achieved only
after a thorough audit and stringent testing process, helps demonstrate that
Abcite is truly reliable<more>
BASF India Ltd signs BTA to transfer import and distribution business of
Glasurit
BASF India Ltd had announced the transfer of the import and distribution
business of Glasurit, an automotive refinish paint brand to Wurth India
Private Limited.
BASF India Ltd has signed the Business Transfer Agreement with Wurth India
Private Limited to transfer its import and distribution business of Glasurit�,
an automotive refinish paint brand in India, with effect from February 01,
2015.
Low growth is a temporary
phenomenon, says BASF India Chief
We invested in India when not many companies believed in India"
Global chemical giant BASF has identified Asia Pacific as its major thrust
area and plans to invest 10 billion euros in the region by 2020 with a
portion of this dedicated to its Indian operations. In India, it announced a
Rs 1,000 crore investment in Dahej and is establishing an R&D facility in
Mumbai, its second in Asia.
Raman Ramachandran, Chairman & Managing Director, BASF India spoke to The
Hindu about the Indian operations and BASF’s plans going forward. Edited
excerpts
Several industry players including BASF have announced big ticket
investments in India. Is the confidence and the buzz back in the sector?
Clearly there is a lot of positivity in India and about India outside with
all the changes that have happened. So I guess that is probably triggering
this.
But BASF always believed there is a big market here and we believe in the
long term.
We invested Rs.1,000 crore in Dahej at a time when not many companies
believed in India and so did not invest. So that is a testimony as to how we
look at this market.
BASF straddles almost all segments of the chemicals industry. Is there
any particular area in India that you would focus on?
We have essentially 13 businesses divided into four segments — basic
chemicals, and performance chemicals, .
The third is functional materials like construction chemicals —
polyurethane, engineering plastics including catalytic converters which
improve functionality.
We also have agrochemicals or crop protection. Globally there is also Oil &
Gas which is largely a European business for BASF but which we, in India, do
not operate in. BASF has identified three key areas where there will be huge
pressures due to population increase globally — Resources & Energy, Quality
& quantity of food and the Quality of life particularly from the perspective
of urbanisation which is the theme across the world.<more>
Hands on: Crafting
ultrathin color coatings
IN HARVARD’S
HIGH-TECH CLEANROOM, APPLIED PHYSICISTS PRODUCE VIVID OPTICAL EFFECTS—ON
PAPER
Discovering a new way to create colorful coatings using minimal materials
required a mixture of applied physics and “arts and crafts,” Kats jokes. The
coatings could be used on fabrics and other flexible materials, or
incorporated into optoelectronic devices like solar cells.
Kats has taken a sheet of paper from his cleanroom notebook, coated it in
about 30 nanometers of gold, and pinned a paper stencil on top of it. The
silver-colored germanium (pictured at right) is ready for application.
Kats will use an electron-beam evaporator in the cleanroom at the Center for
Nanoscale Systems. The machine can be used to perform thin-film deposition
of many different materials. “This is one of the most practical, easy-to-use
tools,” he says.
Kats mounts the paper sample upside-down in the electron-beam evaporator.
Atoms of germanium will be deposited on it from below.
The germanium will only land on the exposed areas; beneath the stencil, the
paper will remain gold.
The paper sample is mounted near the top of the chamber. Below it, a carbon
crucible holds a piece of germanium where a high-powered stream of electrons
will bombard it. Various probes within the chamber provide information about
the air pressure and deposition rate.
A cryopump sucks all the air out of the chamber until the pressure is only a
billionth of an atmosphere. Kats uses dials on the front to increase the
current and voltage by hand, sending a beam of electrons toward the
crucible. “Sometimes you want to have a lot of control,” he says. “It’s just
like baking.”
Inside the chamber, the electron beam vaporizes the germanium, which travels
upward and lands on the sample, depositing a very even layer over the gold
and the stencil. “The lower the pressure, the better the deposition,” Kats
explains. Otherwise, air molecules can deflect the germanium atoms.<more>
ISRO’s fire-retardant compound
finds new use
The emulsion can be sprayed or spread using a brush on surfaces. One litre
of the compound can coat 1.5 sq m, with a thickness of 500 microns
Shopping malls, theatres, and other closed public places, which are
vulnerable to fire, can be made fire-resistant by using the compound.
Rocket science has found a new trajectory in daily life. A low-cost,
fire-retardant material developed by the Indian Space Research Organisation
(ISRO) to protect the fuel tanks of the Polar Satellite Launch Vehicle may
soon safeguard railway coaches, buildings, and vehicles.
It is christened CASPOL. It is a water-based, ready-to-coat, and easy-to-use
flame-proof coating. It has flame-retardant and thermal-control properties.
It can be applied on walls, clothes, paper, thatched roofs, wood, and other
materials. The new compound contains no toxic materials and is eco-friendly,
ISRO sources say.
The emulsion can be sprayed or spread using a brush on surfaces. One litre
of the compound can coat 1.5 sq m, with a thickness of 500 microns. This is
adequate for fire protection and thermal insulation, sources say.
The compound can also be used as a flame-retardant material for railway
coaches and automobiles. ISRO says seats can be made flame-proof without
affecting the cushioning characteristics.
Shopping malls, theatres, and other closed public places, which are
vulnerable to fire, can be made fire-resistant by using the compound.
It can be applied over concrete surfaces of buildings to prevent water
seepage as it can fill micro-cracks and holes effectively. The ISRO says it
helps keep buildings cooler by at least 5 to 6 degrees Celsius. ISRO is now
looking for a suitable industry partner to commercialise the technology.<more>
Dow Shakes Akzo's Patent Suit
Over Paint-Making Process
Law360, Los Angeles (January 26, 2015, 10:48 PM ET) -- A Delaware federal
judge on Monday ruled in favor of Dow Chemical Co. in a suit filed by Dutch
paint giant Akzo Nobel NV, which had accused Dow of stealing its patented
high-temperature method for creating polymer dispersions.
The brief order granted Dow’s motion for summary judgment of noninfringement
and settled seven phrases in the disputed claim language for U.S. Patent
Number 6,767,956, owned by Akzo.
A memorandum opinion issued by U.S. District Judge Leonard P. Stark was
filed under seal Monday. Judge Stark ordered the parties to meet and provide
the court with a joint status report by Jan. 29.<more>
Bayer Show Efficient
Application of Flexible Floor Coatings
At the European
Coatings Show from 21-23 April, 2015 in Nuremberg, Germany, Bayer
MaterialScience is presenting new polyaspartic raw materials for
solvent-free coating formulations that can be applied with a roller. <
According to Bayer, these coatings are so flexible that they can even bridge
cracks that have formed in concrete. This property is particularly important
for floor coating applications in the outdoor areas of buildings. "
In applications like this, cracks can form over time if the concrete dries
out and shrinks, for instance, or if the ground moves," said Karl H. Wührer,
Head of Development for Structural Coatings at Bayer MaterialScience. Bayer
says, without a protective coating, moisture can penetrate the concrete and
cause frost damage. Balconies, roof gardens and loggias are also exposed to
sunlight and weathering<more>.
Anti-reflective Coatings Market
for Eyewear, Electronics, Solar, Automobile and Other End-user Industries -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 -
2020
In the past few years, anti-reflective coatings have advanced as an
effective reflection and glare reducing coating in electrical and optical
applications. Anti-reflective coatings arrest the unwanted reflections from
surfaces, thus increasing visibility. These coatings eliminate back-glare,
which is one of the most common problems associated with eyeglasses and
sunglasses. Most anti-reflective coatings exhibit features such as high
transmittance and low reflectance. The coatings have gained significant
importance in the electronics and solar industry owing to their features.
Some of the materials used in manufacturing lenses and eyeglasses have high
surface reflection, and anti-reflective coatings helps to reduce these
reflections.
Based on end-users, the market for anti-reflective coatings is classified as
eyewear, electronics, solar, automobile, and telecommunication among others.
The market for anti-reflective coatings is mainly driven by the growing
demand from the eyewear and electronics industry. Anti-reflective coatings
are applied on eyeglasses, lenses, flat panel displays, touch screens and
smartphone displays among others. Anti-reflective coatings can be used on a
wide range of substrates such as glass, sapphire, quartz, and Yttrium
aluminium garnet (YaG).
Moreover, these coatings find applications in binocular lenses, kiosk
displays, telescopes, riflescopes and video glasses. Increasing demand from
the solar and telecommunication industry is likely to provide better
opportunities for the anti-reflective coatings market over the forecast
period. However, poor consumer awareness and usability issues, coupled with
environmental regulations associated with the raw materials are expected to
hinder market growth over the next few years.
Eyewear dominated the demand for anti-reflective coatings in the past few
years and constituted around 40% of the global demand in 2013. With
increasing requirement for high light transmitting eyeglasses and lenses
from eye wearers, the demand for anti-reflective coatings is expected to
grow over the forecast period. They enhance the contrast levels of
surroundings, thus increasing the visibility. Anti-reflective coatings also
eliminate unwanted reflections, leading to a better night driving experience
for eyeglasses and lenses users. Moreover, they reduce glare in bright
sunlight thus providing a higher degree of comfort. <more> |
M/S.Shilpan
Enterprises
Expansion
for 6th Leading International Trade Fair for Industrial Coating Technology
from 19 through 22 April 2016 in Karlsruhe
Parts cleaning: as clean as necessary, as efficient as possible– Increasing quality and efficiency with optimal cleaning solutions– parts2clean presents the latest technology and trendsStuttgart/Hannover, Germany. Cleaning parts and surfaces costs money –
just how much money depends on the required result. Whether the job is
simple degreasing or rather cleaning to meet strict technical requirements,
achieving the necessary quality quickly, reliably and economically involves
factors which go beyond the cleaning method used, including the selection of
the proper cleaning media and containers and subjects like bath maintenance
and packaging of the cleaned parts. You can explore all these aspects at
parts2clean at the Stuttgart exhibition center from 9 to 11 June 2015.