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Resins & Coatings

News Review

2

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DSM sells Euroresins


Royal DSM has reached an agreement with Cathay Investments for the sale of Euroresins. Subject to customary approvals and notifications, the transaction is expected to close in Q1 2015. Euroresins is a distributor of products to the composite resins industry with activities in 9 countries in Europe, including the United Kingdom, Italy and France. Euroresins realizes sales of approximately €90 million with around 70 employees.
(Coatings World)

H.B. Fuller acquires Continental Products Ltd


H.B. Fuller Company has signed an agreement to purchase Continental Products Limited, a provider of industrial adhesives in East and Central Africa. This business will generate approximately EUR 2.3 million in revenue for the 2014 fiscal year. Based in Nairobi, Kenya, Continental will be included in H.B. Fuller’s Europe, India, Middle East, Africa (EIMEA) operating segment. Founded in 1996, Continental works closely with customers to develop high-quality adhesives solutions for a wide range of industries, including paper converting, printing and packaging, labeling, laminating, bookbinding, automotive assembly, footwear and construction. "We will take a significant step forward in our plan to grow in Africa", said Steve Kenny, senior vice president, EIMEA, H.B. Fuller. "H.B. Fuller has a strategic focus on growth in emerging markets, and the Continental business will enable us to deliver specialty adhesive products to key customers in the East and Central African regions".
(European Coatings)

Ineos and Solvay sign joint venture agreement


INEOS and Solvay have announced the signing of a definitive Joint Venture agreement covering their European chlorvinyls activities. Formation of the J/V is subject to implementation of an agreed remedy package consisting of the divestment of INEOS-owned assets in Tessenderlo (Belgium), Mazingarbe (France), Beek (The Netherlands), Wilhelmshaven (Germany) and Runcorn (UK). The terms have been simplified since the deal was announced in May 2013. Solvay will now receive an up-front payment of €175 million at closing and in addition to transferring their chlorvinyls assets into the Joint Venture, will also transfer €250 million of liabilities principally in respect of pensions and environmental liabilities. Solvay will exit the J/V after 3 years, leaving INEOS in sole control.
(chemeurope.com)

RPM reports Q2 results


RPM International Inc. reported a 10% increase in net income and an 8% increase in earnings per diluted share on flat sales for its Q2 ended November 30, 2014. Most of RPM's European businesses are experiencing a challenging economic climate, negatively impacting our results. Additionally, the strong dollar has negatively impacted all of international results upon translation. However, RPM had strong positive performance by its concrete admixture and commercial sealants companies, which serve the U.S. commercial construction market, and its line of remediation equipment for water and smoke damage. Additionally, its South American businesses are generating good results in their local currencies.
(Coatings World)

BASF celebrates 150th anniversary


BASF turns 150 in 2015. The company announced its anniversary program in an international press conference held in Ludwigshafen. In addition to celebrations and a historical retrospective, BASF has prepared a global co-creation program with partners on the topics of energy, food and urban living. As part of this program, called "Creator Space", BASF is taking a new approach in accordance with its "We create chemistry" strategy.
BASF's history started in 1865 with dyes. Ammonia production followed a few years later in order to make fertilizer. Then, plastics came along. Since then the company's portfolio has continuously developed and today it ranges from chemicals, plastics, performance products and crop protection to oil and gas. BASF supplies customers in nearly every industry with products and solutions and supports them with research and innovations.
BASF has operated internationally since its beginnings. Shortly after it was founded, BASF was selling its dyes worldwide. In 1885, BASF sent a manager to China with the aim of seeking opportunities for the company. Today, BASF is the largest foreign chemical investor in China.
In 2050, the world's population will reach nine billion. 70% of the people will live in cities. A company that works on a global scale has to look at issues from the perspectives of different markets and understand local requirements. What will the cities of the future look like? Where will the energy that is needed come from? How can there be enough healthy food for everyone? The answers to these questions will be quite different from region to region. The "Creator Space" program unlocks numerous opportunities to think about challenges related to the focus topics energy, food and urban living and to work towards solutions, both virtually and in person.
(chemeurope.com)

Merck gets Antitrust Clearance for acquisition of Sigma-Aldrich


Merck announced that it has obtained antitrust clearance from the US Federal Trade Commission (FTC) for its planned acquisition of US-based life science company Sigma-Aldrich. Sigma-Aldrich shareholders have already approved the acquisition at a special meeting in St. Louis, Missouri, USA on December 5, 2014. Merck continues to expect the transaction to close in mid-2015. On September 22, 2014, Merck and Sigma-Aldrich announced that they had entered into a definitive agreement under which Merck will acquire Sigma-Aldrich for $17.0 billion (€13.1 billion), establishing one of the leading players in the $130 billion global life science industry.
(chemeurope.com)

Sherwin-Williams celebrate their 4.000th store


Sherwin-Williams has opened its 4000th retail location in the U.S., Canada and Caribbean. USA's largest specialty retailer of paint and painting supplies has opened its newest location in Sewickley, Pennsylvania. "The opening of Sherwin-Williams 4000th store is a landmark occasion for our company," said Chris Connor, chairman and CEO of Sherwin-Williams. "Sherwin-Williams is committed to delivering an exceptional painting experience to homeowners and professionals alike".
(Coatings World)

Mitsui and SKC to form polyurethane J/V


Mitsui Chemicals and SKC Co. announced the signing of a joint venture agreement to consolidate the polyurethane material businesses of both companies. MCI and SKC target to form the new J/V company ("JVC") subject to completion of necessary procedures, such as the obtaining of relevant approvals and licenses. The JVC is headed to be a global comprehensive manufacturer of polyurethane materials which provides value for customers and targets sales of US$ 2.0 billion per year around 2020.
(specialchem.com)

Glycerol ethoxylate improves flexographic printing inks


The addition of polyglycerols improved the wet and rub resistance of water-based flexographic printing ink with an acceptable total colour difference ΔEab. The optical density and the gloss increased for those printing inks containing polyglycerols as compared to original printing ink. The small addition of glycerol ethoxylate to the water-based printing ink improved the wettability of the plastic film and the wet and dry rub resistance, according to Polish researchers.
(European Coatings)

upcoming event : The Coatings Summit 2015


The Coatings Summit 2015 : "Shaping the Future of a Dynamic Industry", January 21 - 23, by the International Paint and Printing Ink Council (IPPIC) and Vincentz Network at Miami, FL, USA.
(IPPIC)
(More upcoming events on : andrianos.com/events)



The Resins & Coatings News Review by ANDRIANOS Chemicals is a weekly newsletter offered freely to all subscribers since 2006. News links covered include new products, new technology, M&A, J/V, price changes (affecting European market), market analysis and historical facts of the European and global resins & coatings chemical industry. Feel free to share this newsletter with friends and forward to colleagues. If not interested, please unsubsrcibe, by sending an e-mail to : remove@andrianos.com
News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.