Asian Paints: Results for 1Q 2012-2013

Asian Paints: Results for 1Q 2012-2013

FOCUS had sufficient liquidity and little net interest bearing debt. Original source: Jotun, website: http://www.jotun.com (4 Jun 2012) © Jotun 2012 ...

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FOCUS had sufficient liquidity and little net interest bearing debt. Original source: Jotun, website: http://www.jotun.com (4 Jun 2012) © Jotun 2012

AkzoNobel turnover expected to rise in 2Q 2012 Analysts are predicting a 5.9% increase in turnover to €4.34 bn for AkzoNobel in 2Q 2012 and a 3.3% increase in ebitda to €569 M. Analysts also expect AkzoNobel to report continuing difficult conditions in all markets, above all for decorative paints in Europe and the USA, as well as a slow down in China. However, the company should benefit from lower raw material costs, internal cost savings, and favourable currency development. Original Source: Het Financieele Dagblad, 17 Jul 2012, (Website: http://www.fd.nl) (in Dutch) © Het Financieele Dagblad 2012

AkzoNobel results and turnover up in 2Q 2012 In 2Q 2012 Akzo Nobel nv recorded an ebitda of €593 M, compared with €551 M in 2Q 2011, and ebitda margin of 13.5%. Analysts had predicted €569 M. The improvement in results was mainly due to higher prices, favourable currency developments, and internal cost savings. Turnover was up from €4097 M to €4406 M; the forecast was €4340 M. Original Source: Het Financieele Dagblad, 19 Jul 2012, (Website: http://www.fd.nl) (in Dutch) © Het Financieele Dagblad 2012

AkzoNobel ceases operations in Iran and Syria Akzo Nobel nv is terminating its operations in Iran and Syria with immediate effect because of stricter international sanctions against these countries. Since the start of Jul 2012 the EU has imposed an oil ban on Iran and the USA has banned financial transaction with this country. Both sanctions are intended to stop Iran’s controversial nuclear 4

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programme. In addition, Brussels is preparing more stringent sanctions against Syria in an effort to stop the war in that country. Original Source: Het Financieele Dagblad, 19 Jul 2012, (Website: http://www.fd.nl) (in Dutch)© Het Financieele Dagblad 2012

Asian Paints: Results for 1Q 20122013 Asian Paints Ltd has reported a net profit-after-tax of Rup 274.59 crores on net sales/income of Rup 2045.88 crores for 1Q ended Jun 2012 (net profit-after-tax of Rup 250.42 crores on net sales/income of Rup 1917.45 crores in 1Q ended Jun 2011). During 1Q 2012-2013, the company derived revenues of Rup 2035.02 crores from its paints business as against Rup 1909.81 crores in 1Q 2011-2012. The Board of the company has announced a final dividend of Rup 30.50/share of Rup 10 for 2011-2012. The financial figures for the company are presented in the included table. (1 crore=10 M, 1 lakh=100,000). Original Source: Business Standard, 21 Jul 2012, 15 (18), II.6 (Website: http://www.business-standard.com/) © Business Standard Ltd 2012

Graco acquires Illinois Tool Works’ finishing businesses Graco Inc has completed its acquisition of the finishing businesses of Illinois Tool Works Inc. The $650 M deal covers complementary powder and liquid finishing equipment operations, brands and technologies. Graco has added powder coating technology Gema in the area of powder finishing, and about onethird of the acquisition price has been allotted for this business. In Industrial liquid finishing, the purchase includes BGK curing technology (excluding Powder Finishing). Original Source: Adhesives and Sealants Industry, Jun 2012, 19 (6), 8 (Website: http://www.adhesivesmag.com/) © BNP Media 2012

C O AT I N G S Jotun Powder Coatings to expand its pipeline coatings portfolio for the Middle East Jotun Powder Coatings has merged its powder and liquid coatings to expand its pipeline coatings solutions for the Middle Eastern market. The strategic move adds to the company’s efforts to boost its regional market share over the next three years. The company presently holds a 30% share in the Middle Eastern market for pipeline coatings. Original Source: Coatings World, Jul 2012, 17 (7), 8-9 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2012.

Sherwin-Williams selected by SERDP to lead R&D team for CARC powder topcoat The Sherwin-Williams Product Finishes Division has been selected by the US Department of Defense’s Strategic Environmental Research and Development Program (SERDP) to head a $1.4 M project to develop a chemical agent resistant coating (CARC) powder topcoat for military vehicle and support equipment applications. CARC coatings utilized in military vehicles and support equipment provide protection to military personnel against nerve gas and other chemical agents. The company will develop CARC coatings in powder form because they do not release volatile organic compounds, unlike liquid CARC coatings. Research and development will be carried out at the company’s sites in Chicago, IL, USA and Grove City, OH, USA. Original Source: Coatings World, Jul 2012, 17 (7), 17-18 (Website: http://www.coatingsworld.com/) © Rodman Publishing 2012

LEGISLATION Harmonization of chemical emissions labelling for indoor products proposed by EU Group The European Commission’s Joint Research Centre released on 29 SEPTEMBER 2012