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Resins & Coatings

News Review

17

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EU chemicals output stagnant in 2014


European chemical output grew just 0.2% in 2014, according to the latest CEFIC Chemicals Trends Report, while sales fell 1.1%, year-on-year. Though net exports of EU chemicals reached €44.1 billion for the full year 2014, they were significantly below the record €48.2 billion surplus achieved in 2013.
Latest monthly data show the worrying performance continued in January 2015. Output contracted 0.3% compared with January 2014, while EU chemicals prices plunged 6.0%. Chemicals confidence fell in the first quarter of 2015 compared to the last quarter of 2014. Meantime chemicals order books and production expectations for the coming months have worsened.
CEFIC Director General Hubert Mandery said: "The lack of growth in 2014 was partly due to falling exports. Though the price of oil has fallen here in Europe, lowering producer costs, long-term problems persist, especially the challenge of securing affordable energy supplies".
In January 2015 petrochemicals output continued to slide, down a significant 7.6% compared with January 2014. The drop was partially offset by 4.2% growth in output of specialty chemicals. Basic inorganics output contracted by 1.2%. Polymers and consumer chemicals output declined 0.6%t and 0.2% respectively in January 2015 compared to January 2014.
(CEFIC)

HENKEL acquires NOVAMELT


Henkel AG & Co. signed an agreement to acquire Novamelt GmbH, a privately owned company based in Wehr, Baden-Württemberg, Germany. With this transaction Henkel will further enhance its competence in the area of hotmelt adhesives.
In fiscal 2014, Novamelt GmbH generated sales of around €50 million. The company has about 100 employees, is headquartered in Germany and has an additional site in the US, Novamelt Americas LLC.
Novamelt offers a comprehensive portfolio of specialized hotmelt adhesives. Especially of interest are the UV-curable hotmelts the company has developed to withstand even high temperatures and heavily changing weather conditions. Novamelt’s solutions are mainly used for self-adhesive labels and tapes.
(Chemical Engineering)

SOLVAY acquires alkoxylation facility in Netherlands


Belgian-based Solvay has completed the acquisition of ERCA Emery Surfactant, a jointly owned alkoxylation facility of Emery Oleochemicals and ERCA Group. The new alkoxylation facility, located in the Moerdijk integrated industrial park in the Netherlands, will strengthen Sovay's strategy of securing sustainable, large-scale surfactant assets worldwide.
Currently, the company's Novecare global business unit (GBU) is building two other large-scale, on-pipe alkoxylation units in Singapore and in the US, which are scheduled for completion in the third quarter of 2015. The acquisition of alkoxylation facility comes ahead of the start-up of these two other large-scale on-pipe alkoxylation units.
The company's Novecare GBU engineers and develops formulations that offer consumer products and industrial applications with specific functional qualities designed to modify fluid behaviour and deliver cleansing, dispersal, gelling, moisturising, penetrating, softening or texturising properties. Formulations developed by Solvay Novecare are used in shampoos, detergents, paints and lubricants as well as in crop protection, mining and energy production and stimulation.
(Chemicals Technology)

How "green" is your chemical reaction?


The CHEM21 project is being carried out by a consortium of academics, pharmaceutical firms and enterprises, which will jointly develop sustainable technologies for chemical manufacture.
Researchers at the UK's University of York have developed a new "metrics toolkit" as part of the CHEM21 project to measure and evaluate how eco-friendly a chemical reaction is. The evaluation includes new calculations for measuring a reaction's optimum efficiency (OE), renewable percentage (RP) and waste percentage (WP), in addition to a range of key parameters, including health, safety, environment, energy and lifecycle considerations. The toolkit is available as an EXCEL spreadsheet, and allows anyone to evaluate the sustainability of their own reactions using both quantitative and qualitative data.
Researchers and students will make use of the toolkit to compare their reactions with existing methods, highlighting where their research is performing well in terms of its "greenness" and suggesting areas where improvements could be made.
(Chemicals Technology)

VALSPAR opens coatings production plant in China


Valspar has strengthened its presence in China with a new $45 million waterborne coatings manufacturing plant in Tianjin. The facility will allow the company to meet demand for paints and coatings products, and serve consumer paint, wood coatings and industrial coatings businesses. It features fully automated production and high-speed filling lines, which will allow the company to expand production of waterborne coatings products.
According to the company, the Tianjin plant will allow it to achieve top safety and quality performance as well as productivity.
Headquartered in Minnesota, USA, Valspar is one of the major paint and coatings and coating intermediates producer with a workforce of approximately 10,500 in more than 25 countries worldwide.
(Chemicals Technology)

RPM buys Morrells Woodfinishes


RPM International has acquired UK-based wood finishes manufacturer Morrells Woodfinishes for an undisclosed value.
Based in Manchester, UK, Morrells manufactures and distributes a range of high-performance wood coating systems, including wood stains, lacquers, colourants and adhesives for applications in furniture, cabinetry, and building construction and restoration segments. The company has a workforce of 150, and generates revenues of $33 million.
Through its subsidiaries, RPM International offers speciality coatings, sealants, building materials and related services, including roofing systems, sealants, corrosion control coatings, flooring coatings and speciality chemicals. RPM companies include Stonhard, Tremco, illbruck, Carboline, Flowcrete, Day-Glo, Dryvit and Euclid Chemical, and its brands include Rust-Oleum, DAP, Zinsser, Varathane and Testors.
(Chemicals Technology)

AKZONobel publishes Q1 results


Akzo Nobel N.V. has reported a solid first quarter with positive developments in all three Business Areas despite a challenging market environment.
First quarter operating income increased 42% to €306 million, reflecting the effects of process optimization efforts, reduced restructuring expenses, lower costs and favorable currency effects. Revenues of €3,591 million were up 6%, compared with the same period last year. Profitability improved, with return on sales at 8.5% compared with 6.4% last year.
Decorative Paints achieved a solid growth in profitability, with operating income and revenue both increasing. Revenue was up 3% compared with 2014, but offset by an adverse volume impact and the sale of the German stores. Operating income showed a clear improvement with an increase of 194%, mainly due to the benefits of the new operating model in Europe, strict cost containment, lower restructuring costs and favorable currency developments. Volumes for the first quarter were up in Latin America, but down in Asia and Europe due to a slow start of the season.
(Coatings World)

Sherwin-Williams announces Q1 results


Sherwin-Williams announced its financial results for the first quarter ended March 31, 2015. Compared to the same period in 2014, consolidated net sales increased $83.7 million, or 3.5%, to $2.45 billion in the quarter due primarily to higher paint sales volume in its Paint Stores and Consumer Groups. Unfavorable currency translation rate changes decreased consolidated net sales 3.1% in the quarter.
Net sales in the Paint Stores Group increased 7.5% to $1.46 billion in the quarter due primarily to higher architectural paint sales volume across all end market segments. Net sales from stores open for more than twelve calendar months increased 6.4% in the quarter over last year's comparable period. Paint Stores Group segment profit increased $30.3 million to $176.6 million in the quarter from $146.3 million last year due primarily to higher paint sales volume. Segment profit as a percent to net sales increased in the quarter to 12.1% from 10.8% last year.
Christopher M. Connor, Chairman and Chief Executive Officer, said: "For the second quarter, we anticipate our consolidated net sales will increase six to eight percent compared to last year's second quarter. For the full year 2015, we expect consolidated net sales to increase a high single digit percentage compared to full year 2014".
(Coatings World)

DOW presents isocyanate-free ambient-cure technology


Dow Coating Materials has introduced "PARALOID Edge" ambient isocyanate-free crosslinking technology, which extends pot life while maintaining quick cure.
Applied as a primer in auto refinishing, PARALOID Edge Technology can offer dry-to-sand time in as few as 40 minutes according to recent research conducted by Dow Coating Materials. The isocyanate- and formaldehyde-free aspect of this product can also provide an environmental, health and safety (EHS) benefit for the body shop.
Compared to standard 2K polyurethane coatings, when used as clear or pigmented primers and topcoats for interior wood applications like cabinetry and furniture, benefits to the applicator can include shorter dry time, less material waste, and faster property development. Current isocyanate-free offerings exist, but they require thermal cure. PARALOID Edge Technology not only offers ambient curing, but also can provide convenience, cost efficiency and an improved environmental, health and safety profile.
(Coatings World)

PPG reports Q1 sales results


PPG Industries has reported first quarter 2015 net sales from continuing operations of $3.7 billion, up 1% versus prior year. Net sales in local currencies grew 8% year-over-year, including a 7% contribution from acquisition-related sales and a 1 percent improvement in sales volume.
"We continued to deliver strong financial results, including 20% adjusted earnings-per-share growth", said Charles E. Bunch, PPG chairman and CEO. "Contributing to our record performance were the benefits from our recent strategic actions and cash deployment. These included incremental acquisition-related earnings along with a 2% reduction in our share count as compared to the prior year. Additionally, our net interest expense in the quarter was nearly 50% lower, relating primarily to our late 2014 debt-refinancing actions. From an economic perspective, overall global activity was subdued in the quarter, as reflected by our modest sales-volume growth. Additionally, currency translation unfavorably impacted our sales and lowered our pretax earnings by nearly $30 million. However, both of our coatings segments delivered all-time-record first quarter earnings, and the glass segment delivered its highest first quarter earnings in more than 10 years. Our ongoing cost and productivity initiatives, continued PPG volume growth in certain end-use markets and an accelerating company growth rate in emerging regions aided our segment results".
"Looking ahead, we anticipate stronger global economic growth in the coming quarters, including a resumption of growth in Europe and a return to a higher growth rate in the U.S.", Bunch said. "We remain well-positioned to leverage this growth into strong earnings contributions, given our lower cost base stemming from our continued cost management actions. We remain focused on aggressively managing our costs and are initiating restructuring actions concentrated on securing the synergies we committed to with our recent acquisitions, along with other global productivity measures in certain businesses and regions".
(Coatings World)

VALSPAR expands production capacity in Europe


Valspar announced the expansion of its production capability for the Valspar Pipeclad® family of fusion-bonded epoxy powder products in Europe.
In April, Valspar began expanded manufacturing of Pipeclad products at its Thouars, France facility to meet growing global demand. Valspar's Pipeclad fusion-bonded epoxy coating protects against underground soil stress, bacteria and fungus attacks, soil acids and alkalis -as well as the corrosive elements associated with underwater use, including saltwater, wastewater, petrochemicals, solvents and corrosive gases-.
"Investing in the increased production of Valspar Pipeclad globally ensures that both applicators and pipeline owners around the world can continue to depend on Valspar to meet their growing needs", said Karl Jorgenrud, vice president and general manager of Protective Coatings at Valspar.
(PRNewsWire)

CRODA's Q1 in line with expectations


Specialty chemicals company CRODA International PLC said 2015 has started in line with its expectations and said it expects growth to continue through the year on the back of strong performances in its Personal Care and Life Sciences businesses.
Croda's revenue in the first quarter was GBP 284.9 million, compared to GBP 274 million a year earlier, with the 4% growth the same in reported and constant currencies, as currency translation had no impact on its results due to a stronger US dollar offsetting a weaker euro against sterling.
Growth in its Performance Technologies division slowed to 0.4% in the quarter, primarily due to weaker demand for lubricants in Europe, particularly from destocking in the marine industry and issues for its Geo Technologies business driven by market conditions in the oil and gas industry. Polymer additives sales were strong, however, boosted by new product launches. Industrial Chemicals revenue grew 2% in the quarter, having fall in a year earlier by 0.9%, on the back of generally stronger demand.
"We have made an encouraging start to the year, with sales growing across all our core sectors. This has been supported by increased innovation and investment. We expect to continue to deliver profitable growth through 2015", said Croda Chairman Martin Flower.
(MorningStar)

LUBRIZOL to expand U.S. plant


Lubrizol Corporation announces a five-year expansion project at the company's Painesville Township, Ohio, U.S.A. facility, which will increase capacity and improve site infrastructure.
The expansion investment, to be complete by 2020, is estimated at $100 million, and includes the addition of new manufacturing capacity, updated automated packaging capabilities, increasing of warehouse space, and improvement of staging and loading of truck shipments. The expansion will include state-of-the-art bulk transfer technology which is important to ensure product integrity, and is expected to reduce in-plant traffic and congestion. Additionally, it will improve the safety and efficiency of handling product drums and totes.
The Lubrizol Corporation, a Berkshire Hathaway company, is a technology-driven global company that combines complex, specialty chemicals to optimize the quality, performance and value of customers` products while reducing their environmental impact. It produces and supplies technologies to customers in the global transportation, industrial and consumer markets. These technologies include lubricant additives for engine oils, driveline and other transportation-related fluids, industrial lubricants, as well as additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for home care and personal care products and pharmaceuticals, and specialty materials, including plastics technology and performance coatings in the form of specialty resins and additives.
With headquarters in Wickliffe, Ohio, U.S.A., Lubrizol owns and operates manufacturing facilities in 17 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has approximately 8,000 employees worldwide. Revenues for 2014 were $7 billion.
(YAHOO!Finance)

Conference : British Coatings Federation 2015


The BCF 2015 Annual Conference takes place on Thursday 14th May at Chester, U.K.
The Conference promises to be an even better success than the 2014 event, when over 120 delegates enjoyed a day of business sessions and the opportunity to meet old colleagues and new.
The British Coatings Federation is the sole U.K. Trade Association representing the interests of the decorative, industrial and powder coatings, printing inks and wallcovering industries, employing around 300,000 persons.
(BCF)

(More upcoming events on : andrianos.com/events)


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News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.