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Resins & Coatings

News Review


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Views of the industrial coatings market

The market for industrial coatings is a highly segmented market that includes such diverse segments as offshore oil and gas, commercial architecture, general industrial and industrial maintenance. Industrial coatings manufacturers, interviewed by the "Coatings World" magazine, reported that while growth rates have slowed in some segments, others segments, such as oil and gas, are driving growth.
"Our best estimate -based on aggregated third party data- is that the global industrial coatings end markets grew by 3-4% in 2014", said Michael Cash, senior vice president and president, industrial coatings, Axalta Coating Systems.
"The industrial coatings market covers a large and diverse range of segments and applications", said Shelley J. Bausch, vice president, PPG Global Industrial Coatings. "While growth rates have slowed in some of these segments, due to end market reductions (such as heavy duty equipment), others continue to deliver strong growth performance. Additionally, as customers continue to look for ways to improve performance and provide new functionality to their end products, new areas of growth are evolving for coatings".
"In all of the markets we serve, customers are asking for products that offer low or zero-VOC solutions, as well as ways to improve their finishing processes. We look for ways to become a true partner with our customers, providing expertise that offers guidance well beyond the product", said Nick Bartoszek, global marketing director for Sherwin-Williams liquid and powder products.
Klaus Moller, Hempel Group vice president of marketing and business development, added that "all customers would like to reduce their overall costs. End users, therefore, look for a longer lifecycle for their investments and a lower total coating cost, including costs associated with application and surface preparation. Many applicators, particularly in shipyards and fabrication factories, can reduce costs by increasing productivity through the use of more surface-tolerant coating systems or faster drying systems. These systems also enable applicators and owners to reduce their carbon footprint. Fast-curing products enable steel fabricators to reduce the energy used to heat drying halls, for example".
(Coatings World)

AKZO and EVONIK in J/V for chlorine & potassium hydroxide

AkzoNobel and Evonik Industries have joined forces to build and operate a new membrane electrolysis facility for potassium hydroxide solution and chlorine in Germany. Start-up is expected by the end of 2017.
The 50-50 joint venture involves the construction and operation of a dedicated plant at AkzoNobel's existing site in Ibbenbüren. It will have an annual nameplate capacity of around 130,000 metric tons of potassium hydroxide solution and 82,000 metric tons of chlorine. This will strengthen the leading market positions of both companies
AkzoNobel will take over commercialization of chlorine and hydrogen at the new plant, and will process these products directly at the Ibbenbüren site. Evonik will take over the potassium hydroxide solution for commercialization and processing at its own site in Lülsdorf. This is where Evonik processes potassium hydroxide solution into potassium carbonate (potash).

New substances of very high concern added to the Candidate List

A series of mixed alkyl diesters (EC 271-094-0, CAS 68515-51-5; EC 272-013-1, CAS 68648-93-1) were added to the list of very high concern (SVHCs), due to their reproductive toxicity properties where they contain 0.3% or more of dihexyl phthalate (EC No. 201-559-5).
These substances are used for example as plasticisers and lubricants, including use in adhesives, coatings, building material, cable compounding, polymer foils, PVC compounds and artist supply (e.g. modelling clay and finger paints).
ECHA took the decision to include these two substances on the Candidate List based on proposals by Sweden, following the SVHC identification process with involvement of the Member State Committee. The Candidate List now contains 163 substances. Of those, 31 have subsequently been included in the Authorisation List.

MOMENTIVE begins operation of rubber plant expansion

Momentive Performance Materials Inc. announced the start of operations at their expanded Liquid Silicone Rubber (LSR) plant in Leverkusen, Germany.
"Our investment supports the continued growth of the LSR market in the coming years and demonstrates Momentive's long-term commitment to an innovative product range for our customers in Europe, Asia and the Americas", said Jack Boss, President and CEO of Momentive.
Momentive's LSR is used for the production of high-performance molded articles for a broad range of industries including seals and connectors for the automotive industry, components and seals for the healthcare industry and insulators and cable accessories for high voltage applications.

Univar closes USD 770 million IPO in NYXE

Univar, the global chemicals distributor, backed by private equity since 2007, began trading on the New York Stock Exchange after increasing the size of its anticipated initial public offering, with insiders boosting the size of the offering and pricing the shares at the top of the expected range.
Univar offered 35 million shares at USD 22, generating USD 770 million in proceeds and indicating a market capitalization of USD 3 billion. That was a 75% increase over the 20 million shares that the company indicated would be included in the IPO in earlier securities filings.
Shares closed at USD 25.40, up 15.5%, on Thursday. The IPO includes 20 million shares being sold by the company, and an increased 15 million shares from its private equity sponsor CVC Capital Partners, the U.K. private equity firm that took a majority stake in the company in October 2007.
Univar said it would use the proceeds of the IPO to pay down USD 650 million in debt. Moody's recently said that a successful IPO could prompt it to consider upgrading its rating on the company's debt.
Univar, founded in 1924 and based in Downers Grove, Illinois, U.S., is the leading chemicals distributor in the U.S. and second-largest in Europe, and operates in what is considered a relatively fragmented market. The company reported 2014 sales of just over USD 10 billion, little changed from the prior year's total, though it narrowed its net loss last year from what it had posted the prior year.

BASF breaks ground on chemical catalysts plant in Shanghai

BASF, the world's leading chemical company, broke ground today on a new, world-scale chemical catalysts production facility at the company's existing site in the Shanghai Chemical Industry Park in Caojing, Shanghai, China.
The new plant – BASF's first process catalysts manufacturing facility in Asia Pacific – will produce base metal catalysts, custom catalysts and adsorbents to meet growing Chinese and Asian market demand. These catalysts are used in the production of fatty alcohols, sulfuric acid and butanediol and for the removal of impurities from olefins.
"Today's groundbreaking event is a significant milestone in our effort to strengthen our manufacturing footprint in Asia Pacific and improve our proximity to customers in the fastest growing region for our base metal and custom catalysts solutions", said Detlef Ruff, BASF's Senior Vice President, Process Catalysts. "This new facility will be integrated into our global chemical catalysts manufacturing infrastructure allowing us to support strong regional demand growth while increasing our manufacturing capacity and overall production efficiencies".
BASF's Catalysts division is the world's leading supplier of environmental and process catalysts. The group offers expertise in the development of technologies that protect the air, produce fuels and ensure efficient production of a wide variety of chemicals, plastics and other products, including advanced battery materials.
BASF's portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas, with a history of 150 years. BASF had sales of over EUR 74 billion in 2014 and around 113,000 employees as of the end of the year.

DUPONT adds nylon capacity in Germany

DuPont's Performance Polymers business has increased production capacity of DuPont "Zytel" nylon at its Uentrop facility in Hamm, Germany by 20%, to meet growing demand primarily in the global automotive industry.
Lightweight, high-performance Zytel nylon often replaces metal in automotive components. Uentrop is DuPont's largest nylon production facility in Europe.
DuPont's invention of nylon 66 in 1935 followed by the first sales as a fiber in 1940 laid the foundation for the polymer family that today is used to make a wide range of automotive components, such as air ducts, engine covers, charged air coolers, transmission components and radiator end tanks. In electrical and electronic systems, Zytel nylon is widely used in enclosures, sockets, terminal blocks, circuit breakers, switches and relays.
"Nylon continues to be the starting point for many product designers because it's versatile, easy to mold and offers exceptional long-term performance in the most challenging environments", said Richard Mayo, global business director for the nylon businesses in DuPont Performance Polymers. "In many ways, nylon defined the category of Engineering Polymers and continues to redefine where plastics can go in the future".
(Chemical Engineering)

HUBER buys flame retardant technology

JM Huber's unit Huber Engineered Materials (HEM) has acquired Safire nitrogen and phosphorus fire retardant technology from Floridienne Group and Catena Additives. Huber plans to integrate Safire technology with its existing halogen-free flame retardants and smoke suppressants.
The acquisition comes after the company purchased the Almatis' speciality hydrate flame retardant business in 2012 and Kemgard flame retardant and smoke suppressant business from Sherwin-Williams in 2010.
Huber fire retardant additives business unit vice-president and general manager Jerry Bertram said: "The addition of the Safire technology is another exciting step in the ongoing growth of Huber's fire retardant additive business, as we continue to strengthen our array of halogen-free flame retardant offerings. This acquisition gives Huber the opportunity to work in a new category with nitrogen and phosphorus flame retardants".
Huber's HEM supplies non-halogen flame retardants and smoke suppressants, and produces value-added alumina trihydrate (ATH), magnesium hydroxide (MDH) and engineered molybdate-based compounds.
(Chemicals Technology)

Congress & Exhibition : ACHEMA 2015

With 3,813 exhibitors and about 133,000 square meters exhibition space, ACHEMA, the World forum for chemical engineering and the process industry, is being held in Frankfurt, Germany, between JUNE 15-19.
For the first time, the majority – 53,9 % of the exhibitors – come from abroad. The biggest groups behind Germany come from China and Italy.
Until today, the organizers expect about 167,000 participants from more than 100 countries at the "global summit of innovations" where exhibitors from 56 countries present new products and technologies for the chemical, pharma and food industry.
Juergen Nowicki, Chairman of the ACHEMA Committee, said during the opening press conference: "Significantly increased internationality and slightly increased exhibitor numbers give prove to the fact that ACHEMA is on track and has once more confirmed, or even strengthened its position as the world's leading trade show for the process industries".

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The Resins & Coatings News Review by ANDRIANOS Chemicals is a weekly newsletter offered freely to all subscribers, since 2006. News 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. Subscribe to our free weekly newsletter.
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News are listed from various sources, as quoted above, aggregated by agents ANDRIANOS Chemicals, Athens, Greece.