Asian Paints closes down unit

Asian Paints closes down unit

F O C U S cure with UV light. It is also not practical to retrofit an existing system to apply and cure UV powder coatings. Unfortunately, very few co...

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F O C U S cure with UV light. It is also not practical to retrofit an existing system to apply and cure UV powder coatings. Unfortunately, very few companies are applying UV powders, and until the installed base of application systems expands, the growth of UV powder coatings will be limited. However, UV powder coating is an exceptionally viable replacement for solvent liquid coatings and can be applied on a variety of substrates; ferrous and non-ferrous and heat sensitive substrates such as wood, plastics and composites. These are substrates that cannot be coated with thermal powder coatings or some types of solvent coatings. Time advantages and their marked improvement in production rates are a prime benefit of UV powder coatings. A separate graph shows the cost advantage for each system. The three liquid systems are two coat systems of primer and top coat. System 5 UV powder reclaimed has the lowest cost per square foot and a transfer efficiency of 95%. System 2 has the next lowest cost per square foot, followed by system 4 UV powder, sprayed to waste, with a 65% transfer efficiency. The UV powders produce an equal number of parts and considerably more than any of the liquid systems. The typical time to produce a finished part with UV curing is 20 minutes, start to finish. In this comparison, the spray to reclaim saves $1,071 per eight-hour shift. This comparison uses a selling price of $2/sq ft or $23 per part. The production rate for both UV powder systems is the same, producing $26,772 gross revenue per shift. This is 2.8 times the gross revenue production of the best performing liquid system. Original Source: Products Finishing, Jan 2014, 78, (4), 18-21 (Website: http://www.pfonline.com) © Gardner Business Media Inc 2014. Michael Knoblauch can be contacted at 001 216-741-5511

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INDUSTRY NEWS AkzoNobel retains DJSI number one ranking AkzoNobel has retained the number one spot on the Dow Jones Sustainability Indices (DJSI). AkzoNobel CEO Ton Buechner says, “Sustainability is fundamental to our strategy of connecting value creation to resource efficiency and maintaining our DJSI leadership status underscores our belief that sustainability is business and business is sustainability.” He also credits the company’s employees for helping to make sustainability an integral part of their business activities and company culture. The DJSI is one of the world’s most influential sustainability indices. It benchmarks the sustainability performance of leading companies based on environmental, social and economic performance, including forward-looking indicators. Original Source: Coatings World, Oct 2013, 18 (10), 20 (Website: http://www.coatingsworld.com) © Rodman Publishing 2013

C O AT I N G S is planning to redeploy employees and to hire new staff at the 3 sites it is retaining. The group claims to be the world market leader in prelacquering (a continuous and highly automated process for coating metal before production). Prelacquering coatings are mainly used in the construction and consumer goods sectors. Original Source: Chimie Pharma Hebdo, 2 Dec 2013, (656), (Website: http://www.industrie.com/chimie/) (in French) © ETAI Information 2013

AkzoNobel to invest €50 M in facilities in China AkzoNobel is planning to invest more than €50 M in the construction of manufacturing facilities in Chengdu, China, which is part of the company’s goal for strategic growth. The investment is in the company’s powder coatings and decorative paints segments. The powder facility and the deco plant will start production in 2014 and 2015, respectively. Original Source: PPCJ, Polymers, Paint, Colour Journal, Nov 2013, 203 (4590), (Website: http://www.polymerspaintcolourjournal.com/) © Quartz Business Media Ltd 2013

Asian Paints closes down unit Coatings: AkzoNobel to close two factories in Sweden and Germany In order to optimize its production network, AkzoNobel has announced plans to restructure its European prelacquering coatings business. Its operations will be concentrated at 3 strategic sites: Malmo, Sweden; Lipetsk, Russia; and Hilden, Germany. This will mean the closure of its factories in Gamleby, Sweden and Nuremberg, Germany in Jun 2015. 280 jobs will be affected by the closures. With effect from start 2014, production operations in Gamleby will start being transferred to Malmo and Lipetsk. Operations in Nuremberg will be transferred to Hilden. A European development centre will be established in Malmo. AkzoNobel

Asian Paints Ltd’s subsidiary, Asian Paints Industrial Coatings Ltd (APICL), has stopped operations of its powder coatings plant in Himachal Pradesh due to a drop in the processing volume of powder coatings. The closure took effect on 25 Nov 2013. APICL’s plant in Gujarat will continue its normal operations. In 2Q ended 30 Sep 2013, Asian Paints reported a 36.66% rise on its consolidated net profit at Rup 326.84 crore, up from Rup 239.16 crore in the same period of 2012. Consolidated net sales were at Rup 3084.06 crore, an increase from Rup 212.41 crore in 2012. (1 crore=10 M, 1 lakh=100,000). Original Source: Business Line, 26 Nov 2013, 2 (Website: http://www.thehindubusinessline.com) © The Hindu Business Line 2013

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