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● Bayer MaterialScience to sell polyester resins businesses to Stepan 2
● Clariant and SK Capital report on progress of the textile, paper and emulsions
activities divestment 3
● HMG Paints has Prodrive all covered 4
● Resinall Rütgers Resins GmbH becomes RÜTGERS Resins GmbH 5
● Nova Scotia-based Mr. Paint welcomes Sansin Enviro Stains to its store shelves 6
● USS Freedom repainted with AMERCOAT 240, PSX 700SG coatings by PPG 7
● A PROFILE OF THE EASTERN EUROPEN PAINT INDUSTRY 8
Momentive Specialty Chemicals successfully completes start-up of new
coating resins plant in Thailand
Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the “Company”)
has announced the successful start-up of its new plant in Chonburi, Thailand, which
significantly increases its capacity to produce acrylic-based resins and service customers in
Southeast Asia.
Following the successful start-up of the plant’s reactors, production is expected to gradually
ramp up in the second quarter of 2013. The new plant significantly expands Momentive’s
production of acrylic-based resins in the region and allows the company to broaden its
product offering in this important growth region. The site, which is located on land
purchased by the company in the Pinthong Industrial Estate Park, is capable of producing
the latest generation of acrylic resins designed for use primarily in coatings, adhesives, and
building and construction applications. In addition to
production facilities, the new site includes
product development and
CUBE
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CONTENTS
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applications laboratories, as well as technical service and application support capabilities for
customers.
“We are pleased to start up this new facility on time and on budget,” said Julia Harp, Senior
Vice President. “The new facility positions us to grow rapidly in Southeast Asia and we are
excited to provide a broader range of acrylic resins to meet the needs of our valued
customers.”
The Chonburi plant is the company’s second addition to its Asia-Pacific footprint in 2013. In
March 2013, the Company also announced that it had opened a new plant in Tianjin, China.
The Tianjin site produces a full range of amine curing agents and supports the global
demand for high performance epoxy systems.
The company plans to employ 30 people at the Chonburi plant when it becomes fully
operational. The new Chonburi, Thailand, site replaces Momentive Specialty Chemical’s
former, smaller plant in Samutsakorn, Thailand, which was a leased property. The company
continues to maintain its sales and administrative offices in Bangkok.
Source: Momentive Specialty Chemicals, 23 April
Bayer MaterialScience LLC has agreed to
sell its global powder polyester resins
business and its US-based liquid polyester
resins merchant business to Stepan
Company of Northfield, Illinois. The sale is
scheduled to be completed by June 1.
Financial terms were not disclosed.
Both Bayer businesses are located in
Columbus, Georgia. The 45 Bayer
employees who work at the Columbus
facility will be offered the opportunity to
become Stepan employees.
“The divestiture allows us to focus on our
core competencies,” explained Daniel
Meyer, Head of the Coatings, Adhesives,
Specialties business unit at Bayer
MaterialScience AG. “We believe we have
found the right home for our North
American polyester resins business and
look forward to watching it develop
further successfully under new
ownership.”
Bayer will retain its trade name
Desmophen® to continue to sell its diverse
portfolio of products to the coatings,
adhesives, sealants and elastomers
industries around the world, including
liquid polyester resins in markets outside
the United States.
Bayer MaterialScience/Stepan Company
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“This acquisition will significantly expand
Stepan’s polyol product offering. Stepan is
a leading producer of polyester polyol
used in rigid insulation foam. This
acquisition will diversify our polyol
offering and accelerate our efforts to
grow in CASE [coatings, adhesives,
sealants and elastomers] and PUSH
[Polyurethane Systems House]
applications,” said F. Quinn Stepan, Jr.,
President and CEO of Stepan Company.
“We intend to make future capital
expenditures to expand the capabilities at
Columbus.”
“Stepan is getting a solid business, a base
of loyal customers and talented, value-
driven employees,” said Jerry MacCleary,
President of Bayer MaterialScience in the
NAFTA region. “Everyone wins with this
transaction.”
Bayer acquired the Columbus facility in
2000 when it purchased Sybron Chemicals
Inc. Today, the facility includes both
commercial and production operations,
serving North America as a leading
producer of polyester resins. Powder
polyester resins are used in a variety of
coatings applications, including industrial
metal and transportation coatings. Liquid
polyester resins are utilised as building
blocks in various coatings and adhesives.
Source: Bayer MaterialScience, 30 April
Clariant, a world leader in Specialty Chemicals, and SK Capital, a private investment firm
with a disciplined focus on the specialty materials, chemicals and healthcare sectors, have
provided an update on the separation process of Textile Chemicals, Paper Specialties and
Emulsions. Clariant announced that it agreed to sell the three businesses to SK Capital on
27th December 2012.
After closing of the transaction, the three businesses will be regrouped under a new
company with the name of Archroma. Archroma will be a world leading supplier of products
and solutions to the textile, paper, adhesives and coating industries with a turnover of CHF
1.2 billion and approximately 3,000 employees. The company will be headquartered in
Switzerland, which will also host the leadership of Archroma Paper Solutions. Archroma
Textile Specialties will be managed from Singapore and Archroma Emulsions Products will
be managed from Brazil.
The operational and legal separation, including the incorporation of legal entities, licensing
and registration activities, the establishment of IT systems, and development of
Clariant/SK Capital
4
infrastructure and support services as well as ensuring a seamless transition for the
Archroma employees is proceeding well. “The project is running full steam ahead. I am
delighted to see the commitment of the joint separation team as well as the employees of
the businesses which are highly motivated and are working on the separation with great
professionalism”, says Clariant CFO Patrick Jany.
An important aspect in establishing the new company is obtaining merger control and
governmental approvals and authorisations, several of which remain pending. To ensure a
successful separation process that minimises disruption for both customers and employees,
Clariant and SK Capital have targeted a closing of the transaction at the end of the 3rd
quarter of 2013. Barry Siadat, a Managing Director of SK Capital, says: “The separation of
the Archroma business from Clariant is progressing well, and we are focused on closing the
transaction once all transition activities are completed. We remain jointly committed to
provide our customers with the highest quality products and services throughout this period
of transition.”
Source: Clariant, 30 April
HMG Paints, the UK’s largest independent
paints manufacturer, has become a
technical partner of Prodrive Motorsport
and will supply all its paints and coatings
for its Aston Martin Racing and MINI
World Rally teams.
HMG Paints not only specialises in
coatings for automotive use, but also
supplies paint and a variety of protective
coatings to a wide variety of industries.
Coatings supplied by the Manchester
based company have been painted on
fleets of commercial buses, protected the
British Starchaser rocket and have been
used by film studios on a number of
movies.
Prodrive uses hundreds of litres of paint
every year on its race and rally cars on a
variety of surfaces, including carbon fibre
composite, aluminium, steel, and plastics.
HMG Paints has over 80 years’ experience
of developing and manufacturing highly
specialised coatings for all substrates and
will be fully utilising the modern research
and development facilities located in
Manchester. Prodrive will be working
alongside HMG Paints, as a technical
partner, on a number of projects to
ensure superb colour quality and the
effective coating of these surfaces.
HMG Paints/Prodrive
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“It was important to us to have a partner
who could match the exact colours
demanded by our sponsors,” said Richard
Taylor, Prodrive Business Development
Director. “We will also be working with
HMG on a weight reduction programme
that will minimise our paint and coatings
usage, as ultimately every gram we can
shave off the weight of the car gives us a
performance advantage.”
The experienced paint technicians at HMG
Paints will also be working alongside
Prodrive on a number of other coatings
projects. “We are working to significantly
enhance the appearance of the cars using
unique pigments, producing even more
vibrant and eye-catching colours,” said
Steve Crossman, Business Development
Director at HMG. “Together, we are also
developing new heat management
coatings for the vehicle interior and
exterior, and an advanced lotus effect
treatment that will reduce the amount of
mud and dirt that clings to the car during
a race.”
The partnership has already got off to a
flying start with the Aston Martin Racing
team claiming a thrilling victory at the 6
hours of Silverstone World Endurance
Championship event in both the GTE Pro
and Am classes.
HMG Managing Director, John Falder said:
“We have often driven past Prodrive on
the M40 and have followed their success
on the track and stage. It is a great
privilege to know that the next time we
watch the Aston Martins at Le Mans and
the MINI on the stages of the World Rally
Championship, that they will be gleaming
in paint developed and produced by us
here in Manchester.”
Source: HMG Paints, 1 May
Effective April 16th 2013, the industrial resin producer Resinall
Rütgers Resins GmbH changed its name to RÜTGERS Resins
GmbH.
After RÜTGERS Novares GmbH, a subsidiary company of internationally operating RÜTGERS
Group, had acquired and fully integrated the 50% share capital of Resinall Europe into their
Business Line Resins & Modifiers, RÜTGERS Novares today operates successfully and
customer-oriented at two high-class production sites.
RÜTGERS Group
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Both RÜTGERS Novares GmbH with its production site in Duisburg and the Uithoorn-based
RÜTGERS Resins are well experienced in the development, production and marketing of
high-quality hydrocarbon resins for the adhesive, printing inks, coatings, synthetic asphalt
and rubber industry.
“The state of the art equipment of both sites combined with the innovation, technology and
application know-how of our motivated teams will create an effective production and
supply network: The best preconditions to meet the needs of our industrial customers”, said
Uwe Holland, Head of Business Line Resins and Modifiers. “The combination of both
production sites leads to a well balanced product portfolio which will meet the expectations
of our customers. By integrating the two sites we will also be able to optimise our service
level in order to improve our delivery reliability even further."
Source: RÜTGERS Group, 1 May
The Sansin Corporation announced that
Mr. Paint, based in Sydney, Nova Scotia,
will feature its line of water-borne
exterior Enviro Stain wood finishes for
siding and decks, as well as the Purity
interior line and microfine colorant
system.
Open for 30 years, the Mr. Paint store
serves both commercial and residential
customers looking for high quality,
durable wood stains that also meet
increasingly stringent regulations and
feature an enviro-friendly formulation.
“We saw two demonstrations of the
Sansin product and were highly impressed
with the product’s ease of application,
colour offering and durability,” said Henry
Tomko, Co-owner of Mr. Paint. “What
astounded us the most is that the Sansin
colour swatch and the actual colour
applied on the piece of wood matched
exactly; it was right on the money, which
is very important to our customers.”
Sansin pioneered a water-borne alkyd
formula that combines the benefits of
both oil- and water-based coatings, using
water as the vehicle to allow oil to
penetrate deep into the wood. Sansin’s
wood finishes deliver long-lasting
durability, easier maintenance and
outstanding performance without the
toxicity found in conventional stains that
contribute to smog and ozone depletion.
“Mr. Paint has a reputation for standing
behind its products and advising
customers on how to use product for
Mr. Paint/Sansin Corporation
7
maximum success,” said Sjoerd Bos, Vice
President of Sansin. “Mr. Paint needed an
enviro-friendly wood stain line that could
deliver high performance. Sansin exterior
stains provide all the characteristics of
penetrating oils, yet utilise moisture in the
wood itself to diffuse deep into the wood
tissue, even when the moisture content is
as high as 25 percent.”
Mr. Paint will sell Sansin’s exterior line of
Enviro Stains (Classic™, DEC™, ENS™ and
SDF™), Sansin Purity® interior wood
finishes and sealants, and the microfine
colour system.
Source: Sansin Corporation, 22 April
PPG Industries announced that the topsides of the USS
Freedom, lead ship of the US Navy’s littoral combat ships
(LCS), have been repainted using AMERCOAT® 240 edge-
retention epoxy and PSX® 700SG epoxy-polysiloxane coatings
by PPG’s protective and marine coatings (PMC) business.
Commissioned in 2008, the USS Freedom went to dry dock in
January 2013 to remove the existing coatings system because that system had failed.
Lockheed Martin, builder of the USS Freedom,
naval contractor YYK Enterprises, Inc., National
City, Calif., and the US Navy specified a two-coat
system by PPG incorporating one coat of
Amercoat 240 edge-retention epoxy from the
water line to the rail and a finish coat of PSX
700SG coating from the water line to the topside
interface to replace the existing coatings system.
PSX 700SG coating is a semi-gloss version of the
patented PSX 700 epoxy-polysiloxane product,
which was engineered to meet US government
marine coating requirements. PSX 700SG coating
is more resistant to fading and colour shifting
than the original silicon-alkyd-based coating and
easier to clean.
Using the Amercoat 240 epoxy and PSX 700SG coating system, the USS Freedom became the
first naval warship since the 1960s to incorporate the US Navy Federal Standard Colours for
PPG
The topsides of the USS Freedom, lead ship of the US Navy’s littoral combat ships (LCS), have been repainted using AMERCOAT® 240 edge-retention epoxy and PSX® 700SG epoxy polysiloxane coatings by PPG Industries’ protective and marine coatings business. Using the
Amercoat 240 epoxy and PSX 700SG coating system, the
USS Freedom became the first naval warship since the 1960s to incorporate the US Navy Federal Standard
Colours for camouflage, featuring black, haze grey, light grey and ocean grey.
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camouflage, featuring black, haze grey, light grey and ocean grey. Cmdr. Patrick Thien,
commanding officer of one of the USS Freedom’s two active crews, said, “I want my ship to
look like a warship. If we’re going to paint it, we might as well go all the way.”
Because the USS Freedom is an active warship, PPG and YYK Enterprises had to meet
accelerated deadlines for supply and painting. Amercoat 240 epoxy and four colors of PSX
700SG coating were manufactured in record time and shipped from PPG’s Little Rock, Ark.,
facility to YYK’s loading dock in National City within 72 hours. Priming and painting began
immediately, and the ship was returned to service in less than six weeks.
PSX 700SG coating is a color-stable LSA (low solar-absorbing), low-VOC (volatile organic
compound) coating with unlimited recoatability for easier touch-up and maintenance. It
contains no isocyanates and offers superior abrasion resistance, wide cure temperature
flexibility and unique surface tension to minimise rust and dirt streaking.
PSX 700SG coating is approved on the US Navy Qualified Product List (QPL) for topside and
freeboard applications and also complies with US Department of Defence MIL-PRF-24635E,
Type V (high-durability), Type VI (high-durability, low-VOC), Class 2 (semi-gloss), Grade B
(low solar-absorbing) specifications.
PPG’s PMC business is a world leader in protective and marine coatings. Its products protect
customers’ assets in some of the world’s most demanding conditions and environments,
such as projects in energy, infrastructure and marine markets. PPG PMC features lines such
as the Amercoat and SIGMA COATINGS® brands.
Source: PPG Industries, 23 April
A PROFILE OF THE EASTERN EUROPEAN PAINT INDUSTRY
IRL is pleased to announce the publication of a new long-awaited edition of its title, A Profile of
the Eastern European Paint Industry. This report has been developed and expanded upon from
IRL’s previous studies.
The report provides overviews and forecasts for ten national paint and coatings markets across the
continent from Eastern Europe to the countries of Black Sea region, namely Armenia, Belarus,
Estonia, Georgia, Latvia, Lithuania, Moldova, Russia, Turkey and the Ukraine. It focuses on and
provides market insight into nine mainstream coating sectors.
Available now from IRL...
9
Paint demand across these countries has been evaluated at 2.7 million tonnes, and with average
market growth of 5.8% p.a., this can be expected to reach more than 3.6 million tonnes by the end
of 2016. Very simple drivers underpin growth in coatings demand across the region, including:
• Growth in construction markets
• Growth in infrastructure investment
• Rising salaries and greater disposable incomes
• Growing industrial output
Eastern European Market for Paints & Coatings, 2011 (Tonnes)
Segment Market Size (Tonnes)
Architectural Paints 1,599,100
General Industrial Coatings 461,100
Protective Coatings 169,400
Marine Coatings 50,000
Wood Coatings 205,250
Automotive OEM Coatings 81,000
Automotive Refinish Coatings 44,850
Plastic Coatings 24,050
Powder Coatings 93,950
Total 2,728,700
The regional market is now dominated by two economies, Russia and Turkey, which together
represent about 2.3 million tonnes of paints and coatings consumption for 2011. This translates into
per capita paint use of 10.3 kg/head in Russia (population almost 143 million) and a similar per
capita paint consumption of 10.2 kg/head in Turkey (population 78.8 million).
Turkey is enjoying the highest market growth rate. Key contributors to the future success of the
Turkish market are growth in construction, maintenance and refurbishment projects carried out in
the country, the strong position of the local powder coatings industry, growth in end-use industries
such as automotive, electronics and home appliances, and expected growing demand for water-
borne and low-VOC paints due to the accession of the TSE (Turkish standards body) into the CEN.
Russia, in the meantime, shows average growth in the architectural coatings market. Growing
interest of customers in health, safety and environmental matters is one of the key drivers behind
the growing popularity of firstly low-VOC and then water-based paints. However, the low
quality/economy architectural paint segment still holds the largest market share. Industrial coatings
are poised for higher than average growth over the forecast period, with the highest growth
expected in the sectors of marine paints and coatings for bridges and tunnels. One of the key mid-
term marketing opportunities for the Russian coatings market will be the hosting of the Winter
Olympic Games by the Russian city of Sochi in 2014.
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Eastern European Markets for Paints & Coatings, 2011 & 2016: Leading Markets
Source: IRL
Other sizeable markets include the Ukraine and Belarus. The Ukrainian paint demand is placed at
about 230,000 tonnes, and the Belarusian paint demand is around half of this.
11
Eastern European Markets for Paints & Coatings, 2011 & 2016: excl. Leading Markets
Source: IRL
In some countries in Eastern Europe architectural coatings have taken on such significance that there
are sometimes circumstances where industrial coatings are being neglected. As a result, many
accounts for the supply of industrial coatings are now being fulfilled by exports from multinational
companies in the west and are often sustained through importers and distributors.
In the overall Eastern European market, the best opportunities for the marketing of industrial
coatings have been identified in the areas of powder, marine and automotive OEM coatings.
‘A Profile of the Eastern European Paint Industry’ is available now from IRL. It includes market
data for 2011 and forecasts to 2016 for each country included in the report, market splits into nine
coating segments, and further splits of each market segment by chemistry and technology. It also
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outlines the key industry participants in almost every country and shows key trends in the
architectural and industrial sectors.
Sections of the report, priced individually, are available to purchase online at our website:
www.informationresearch.co.uk
For more information on this and our other reports, please contact Cathy Galbraith at:
cgalbraith@brggroup.com
Coating Update by Email (CUBE) is a free weekly news digest of the latest business news and events in the global paints and coatings industry, and is published in-house by specialist coatings research company IRL.
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CUBE © IRL 2013
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