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Resins & Coatings

News Review

18

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ECS breaks new record of attendance


The biennial European Coatings Show, held April 21-23 in Nuremberg, Germany, drew 1,024 exhibitors (962 in 2013) and 28,500 trade visitors (25,845 in 2013).
Even strike-related train cancellations throughout Germany did not derail the numbers for the show, which also covers paints, varnishes, adhesives, sealants and construction chemicals. The show's exhibitors hailed from 42 countries, and attendees reflected nearly 110 nationalities, underscoring the event's position as an international meeting place for the global coatings industry. The European Coatings Show and Congress shattered attendance, exhibitor and delegate records as it closed its three-day run in Germany.
The European Coatings Congress drew a record 700 delegates from 42 countries, yielding 144 presentations by scientists and researchers.
(ECS)

SOLVAY constructs new silica plant in S.Korea


Solvay S.A. begun the construction of its production plant for highly dispersible silica (HDS) in Gunsan, South Korea, to address growing demand in Asia for energy-saving tires and to develop innovative HDS grades.
Solvay officially broke ground for the construction of the plant, which with a production capacity of more than 80,000 MT/year, is expected to be operational in the next two years.
Solvay's new plant in Gunsan will produce its latest and most advanced grades of high-performance silica (HDS). This latest generation of HDS allows for higher productivity and greater flexibility in producing energy saving passenger car and truck tire compounds.
(Chemical Engineering)

CELANESE builds emulsions site in Singapore


Celanese Corporation has begun construction of a vinyl acetate ethylene (VAE) emulsions production unit at the company's acetyls facility on Jurong Island, Singapore. The unit is expected to begin production by mid-2016.
This Singapore unit will be the third VAE investment by Celanese in Asia, demonstrating the company's commitment to growth and development of its emulsions business in the region. The Singapore plant will support the Southeast Asia region including India, Australia and New Zealand.
Celanese currently operates two VAE emulsions units in Nanjing, China. The first began production at the company's Nanjing integrated chemical complex in 2007, and the second began production at the same complex in 2011.
Celanese is a global leader in vinyl acetate ethylene emulsions. The company manufactures these high-performance emulsions in all three major regions of the world at facilities throughout North America, Europe and Asia.
(Chemical Engineering)

FERRO buys NUBIOLA


Ferro Corporation announced today that it has signed a definitive agreement with the shareholders of Barcelona-based Nubiola Pigmentos to acquire 100% of the equity of Nubiola, on a cash-free and debt-free basis, for €146 million.
Nubiola is a worldwide producer of specialty inorganic pigments and the world's largest producer of Ultramarine Blue, a high-value pigment for plastics and construction industries due to its durability, unique color attributes and its whitening capability. Other products include specialty Iron Oxides, Chrome Oxide Greens and Corrosion Inhibitors. Nubiola generated 2014 annual sales of $119 million, based on the current euro exchange rate, and achieved compound annual growth of 4.1% over the last three years.
The 101-year-old family-owned Nubiola employs approximately 750 people, including temporary employees, and has production facilities in Spain, Colombia, Romania, and India and a joint venture in China. Nubiola sells into more than 85 countries. The majority of Nubiola's customers serve the plastics and construction industries.
(TheStreet.com)

CARGILL acquires technology from OPX


Cargill has acquired U.S. Colorado-based OPX Biotechnologies' proprietary fermentation-based processes and systems. These technologies are used to produce bio-based chemicals from sugars for use in non-food applications such as lubricants, detergents, plastics, agrichemicals and personal care products.
Cargill is already a large supplier of carbohydrates and other biotech offerings. This acquisition further expands its presence in commercial fermentation products outside of food and feed.
Cargill, with 150 years of experience, provide food, agriculture, financial and industrial products and services to the world. The company has 152,000 employees in 67 countries.
(PRNewsWire)

DOW Corning's sales & earnings down in Q1


Dow Corning Corporation announced 2015 sales for Q1 of $1.36 billion, a decrease of 11% compared to 2014, and net income of $185 million. Adjusted net income in the Q1 of 2015 was $101 million, a decrease of 8% compared with Q1 of 2014.
"Dow Corning’s first quarter results decreased due to fewer polysilicon shipments to long-term contract customers. These contracts have a degree of variability when customers take their product and recent order patterns have resulted in customer orders being concentrated in the fourth quarter", according to Executive Vice President and Chief Financial Officer J. Donald Sheets.
Dow Corning provides performance-enhancing solutions to serve the diverse needs of more than 25,000 customers worldwide. A global leader in silicones, silicon-based technology and innovation, Dow Corning offers more than 7,000 products and services via the company's Dow Corning® and XIAMETER® brands.
(YAHOO!Finance)

DSM announce Q1 results & outlook


DSM reported sales of €1,886 million, an 11% increase versus Q1 2014, due to 3% higher volumes.
DSM Performance Materials continued to improve EBITDA through higher volumes and margins, while cash from continuing operating activities improved to €84 million (Q1 2014: €11 million). However, a non-cash impairment of €130 million (after tax) related to the partnership for Polymer Intermediates and Composite Resins announced in March, leads to a net loss after exceptional items.
Commenting on the results, Feike Sijbesma, CEO/Chairman of the DSM Managing Board, said: "DSM delivered higher results in Q1 2015 compared to prior year, driven by higher volumes in both Nutrition and Performance Materials. Nutrition delivered mixed results with good volume growth in animal nutrition, partly offset by low prices in vitamin E and weak performance in human nutrition. Performance Materials had another strong quarter with higher volumes and margins. The mix of foreign currencies had an overall positive impact on both clusters. DSM aims to deliver an EBITDA in 2015 ahead of 2014, the increase mainly driven by positive foreign exchange effects."
(DSM)

LONZA results for Q1 in line with expectations


During the first quarter of 2015, Lonza says that its business performance was fully in line with its expectations. In both the Specialty Ingredients and Pharma&Biotech segments, it realised its growth targets and achieved good results. The impact of the foreign exchange changes earlier in the year is under control, the company said, and being managed through counter-measures across the company.
Lonza also confirmed that its global balance of currencies is continuing to provide stability to its business. Strong business results from regions outside Switzerland and the Eurozone have largely balanced the impact of the strong Swiss currency. Operational improvements, portfolio optimisations and quality initiatives remain high on the agenda, the company said.
Lonza said that its financial situation remains solid and that, based on constant exchange rates, it is on track to deliver sales growth in 2015. Despite foreign exchange rate and raw material volatility, the company said it is planning for CORE EBIT growth of at least 5% as a result of portfolio optimisations and further operational productivity improvements.
"Our first-quarter results demonstrate that we are well positioned to deliver on our 2015 targets", said Richard Ridinger, CEO of Lonza. "We are expecting positive performance and further growth throughout the rest of the year and in the foreseeable future. Our solid business plans in our well-defined markets and associated clear strategic direction allow us also to provide a positive mid-term outlook until 2018".
(Ingedients Network)

Conference & Exhibition : 2015 POWDER COATING SHOW


The 2015 Powder Coating Show is scheduled for May 6-7 in Louisville, Kentucky, U.S.A.
This niche market conference and trade-show is proudly recognized as a premiere event for technical and applied technology forums, as well as new product innovations and developments in the powder coating industry.
The event, with nearly 100 exhibitor booths, 40 technical session hours, over 1,300 attendees, validates powder coating as the best choice for coating a multitude of products: from architectural finishes and metal components, to furniture, appliances and construction equipment.
(PCI)

(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.