Asian Paints posts 3Q ended Dec 2015 results

Asian Paints posts 3Q ended Dec 2015 results

FOCUS INDUSTRY NEWS Asian Paints posts 3Q ended Dec 2015 results Asian Paints' consolidated net profit increased by 25.83% to Rup 4632.80 M in 3Q ende...

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INDUSTRY NEWS Asian Paints posts 3Q ended Dec 2015 results Asian Paints' consolidated net profit increased by 25.83% to Rup 4632.80 M in 3Q ended Dec 2015 from Rup 3681.80 M in 3Q ended Dec 2014. Earnings per share rose by 25.78% to Rup 4.83, while revenues grew by 13.92% to Rup 41,958.20 M from Rup 36,831 M.

Original Source: APCJ, Asia Pacific Coatings Journal, Feb-Mar 2016, 29 (1), 5 (Website: http://www.asiapacificcoatingsjournal.com/) Copyright dmg events 2016

PPG completes $7.8 M investment at global paint and coatings research and development hub PPG finished the construction of its Coatings Innovation Center in Allison Park, PA, US. The project is estimated to cost $7.8 M. The additions to the facility include upgraded equipment and increased laboratory and testing space. The upgrades improve the company's resources for developing and testing adhesives, sealants, and pretreatment solutions; for training distributors, painters and collision-repair professionals to successfully utilize the firm's automotive refinish coatings; and for creating the environments where customers use its automotive and industrial paints and coatings.

Original Source: Coatings World, Mar 2016, 21 (3), 8 (Website: http://www.coatingsworld. com) Copyright Rodman Media 2016

Axalta opens dual Refinish, Powder Coatings Learning & Development Center in Houston Axalta Coating Systems has launched a dual Refinish and Powder Coatings Learning and Development Center in Houston, TX, US, which is next to the company's powder coatings production facility. The center offers the latest learning and development programs intended to enhance technician and business performance.

Original Source: Coatings World, Mar 2016, 21 (3), 10 (Website: http://www.coatingsworld. com) Copyright Rodman Media 2016

Linetec teams-up with Decoral System to offer new wood coatings Achieving the look of wood without the maintenance, Linetec has teamed with Decoral System USA to offer new, decorative, wood grain finishes for architectural aluminium products. These finishes are available in a

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vast variety of different options, colors and species. The high-quality appearance lends the finishes to interior surfaces, such as for window frames, door panels, column covers, shutters, furnishings and hardware. The coatings' durable performance also makes them suitable for exterior applications, such as garage doors, fencing and soffits. These finishes meet the stringent standards of AAMA 2604-13 for color uniformity, specular gloss, dry film hardness and adhesion, as well as resistance to impact, chemicals, detergents, scratches, corrosion, salt spray and fading due to ultraviolet light. The coatings also are fire retardant, and resistant to water and humidity. Unlike natural wood, the finished aluminium does not swell, rot, warp or attract insects. Supporting environmentally sound practices, these wood grain finishes utilize a powder coat process that does not emit volatile organic compounds (VOCs). Wood grain finishes can be specified with aluminium utilizing recycled content, and may be recycled after its product lifespan. In addition to accurately portraying authentic wood grain, the Decoral process can provide customers with marble and stone finishes, floral and camouflage patterns, animal prints or custom logo graphics.

Original Source: Linetec, 2016. Found on SpecialChem Coatings and Inks Formulation, 28 Apr 2016, (Website: http://www. specialchem4coatings.com) Copyright Linetec 2016

PPG reports sustainability progress, updates 2020 goals PPG has released its 2015 Corporate Sustainability Report, which details the company's progress toward achieving its 2020 sustainability goals. In 2015, the company achieved its goal of sustainable products accounting for 30% of its sales five years ahead of schedule, and an increase of 50% since 2012. It also met, in only three years, its goals of reducing greenhouse gas emissions intensity (-17%) and energy intensity (-23%) by 1.5%/y each. Because of these achievements and the transformation of PPG's portfolio to primarily paint, coatings and materials, the company updated its goals to better represent the challenges and opportunities it currently faces.

Original Source: PPG Industries, 28 Apr 2016, (Website: http://www.ppg.com/) Copyright PPG Industries 2016

Orion Engineered Carbons showcased flagship specialty carbon black pigments for coatings at ACS On 12-14 Apr 2016, Orion Engineered Carbons presented a selection of carbon black pigments for coatings applications at the American Coatings Show 2016 in Indianapolis, US. The Color Black FW 255 Powder offers a coloristic properties and excellent jetness that is suited with both

C OAT I N G S water-based and solvent-based systems. Improved by the company's latest aftertreatment processes, the Special Black 40 Powder provides outstanding stability and dispersibility in medium- to high-jet coatings. It is compatible with all coating formulations. XPB 552 Beads and Powder are array of conductive specialty carbon blacks with medium specific surface areas, imparting antistatic and conductivity properties to coatings. Also belonging to the new generation of aftertreated grades is PRINTEX 35 Beads and Powder. These pigments feature a bluish undertone, outstanding flow characteristics and high jetness.

Original Source: Ink World, 1 Apr 2016, (Website: http://www.inkworldmagazine.com) Copyright Rodman Media 2016

Acquisition fever in the coatings industry The article discusses the current frequency and volume of acquisitions and mergers in the coatings industry. AkzoNobel will acquire the industrial coatings business of German BASF Group for around €475 M. Sherwin-Williams intends to acquire Valspar for $11.3 bn to become global market leader in the coatings segment ahead of Akzo Nobel and PPG. Siegwerk recently acquired Actega Colorchemie from Altana Group; and Synthomer acquired the Performance Adhesives & Coatings Division from Hexion. In Feb 2016 the binding agents manufacturer Allnex made a takeover bid exceeding 900 M for the rival Nuplex. A final decision remains outstanding. In addition to this, there are rumours that Evonik might acquire a division from Air Products which manufactures coatings raw materials as well as other products. This transaction is estimated to be worth €3.1 bn. A recently published study by AT Kearney forecasts a reorganisation of the global chemicals segment due to a boom in mergers and acquisitions activities. The chemicals companies in Europe are under pressure as 2016 will become a record year for mergers and acquisitions.

Original Source: Farbe und Lack (Online Version), 29 Mar 2016, (Website: http://www. farbeundlack.de/) (in German) Copyright Vincentz Network 2016

Akzo Nobel publishes results for 1Q 2016 Akzo Nobel reports higher volume sales for all 3 divisions in 1Q 2016 despite a difficult market environment. Akzo Nobel? operating result rose by 17% to €357 M and the operating profit increased by 9% to €334 M. Turnover fell by 4% in 1Q 2016 as higher volume sales were compensated by negative currency exchange rate effects and divestments. Return on turnover improved to 9.7% compared to 8.5% in 1Q 2015. Net profits increased by 50%. The company achieved higher sales in Asia and Europe but recorded a downturn in Latin America. Akzo

June 2016