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4 SEPTEMBER 2009
F O C U S O N P O W D E R C O A T I N G S
DuPont for 2Q 2009 was $417 M(net income of $1078 M in 2Q2008). Consolidated net sales in2Q 2009 of $6.9 bn were 22%lower than 2Q 2008, principallyreflecting 19% lower volume anda net 1% reduction due toportfolio changes. Total segmentoperating performance reflectspre-tax operating income (PTOI)of $872 M for 2Q 2009, a 49%decline. During 2Q 2009:Agriculture and Nutrition sales of$2.6 bn were up 3%, PTOI wasup 15% at $581 M; Coatings andColour Technologies sales of $1.4bn were down 26% and PTOI of$133 M reflects lower salesvolumes and unfavourablecurrency impact; Electronic andCommunication Technologiessales of $795 M were down 26%and PTOI was $37 M;Performance Materials sales of$1.1 bn were down 40% andPTOI was $37 M; and Safety andProtection sales of $1 bn weredown 37% and PTOI was $71 M.
Net income was $910 M during1H 2009 (net income of $2274 Min 1H 2008). Research anddevelopment expenses were $331M during 2Q 2009 ($360 M in 2Q2008) and $654 M during 1H 2009($690 M in 1H 2008). Thecompany reaffirmed its 2009earnings outlook range of $1.70 to$2.10/share, excluding significantitems. DuPont is a science-basedproducts and services company.Operating in more than 70countries, DuPont offers a widerange of innovative products andservices for markets includingagriculture and food; building andconstruction; communications; andtransportation. The financial figuresfor the company are presented intables.
DuPont financials 2Q and 1H 2009, 21 Jul2009, (DuPont, DuPont Building, 1007,Market Street, Wilmington, DE 19898, USA,website: http://www.dupont.com)
Antibacterial technology company,BioCote Ltd, announces recordexport sales
The UK’s leading antibacterialtechnology company, BioCote Ltd,
has announced record exportsales for 2008/9, with an increaseof 173% on the previousfinancial year. An increasedconcern for healthcare and food-borne illnesses has led to ademand for improved levels ofhygiene. Manufacturers across awide range of sectors are takingthis opportunity to invest in aglobally recognised brand ofantibacterial technology toensure their products are clean,safe and more hygienic to use.BioCote Ltd has secured bigcontracts for Nigeria’s PortlandPaints and Products Ltd,Marmorin, a Polish manufacturerof composite sinks and Masisa,the leading manufacturer in LatinAmerica of wood boards forfurniture and interior architecture,among others. BioCote Ltd’scommercial director GrahamHarvey said: “It’s clear that thereare some areas wheremanufacturers are still investingand still sectors that areexperiencing growth, despite theglobal economic crisis. Theweaker British pound hasevidently made it more costeffective for companies to sourcefrom Britain, which is why we’vealmost tripled our export salesthis year, with exports accountingfor more than 70% of new sales.”
BioCote technology is basedon silver, which is a safe, naturalantibacterial, commonly used inwound dressings and surface-coated catheters to reduce therisk of infection. When bacteriacome into contact with silver, theylose their ability to reproduce anddie. BioCote Ltd works with agrowing number of manufacturersof equipment and furniture toincorporate this cutting edgetechnology into their products atthe manufacturing stage. Silvercan be incorporated into a varietyof materials including plastics,fabrics, paints, powder coatingsand papers.
Press release from: BioCote Ltd,Wolverhampton Science Park, Glaisher Drive,Wolverhampton, West Midlands, WV10 9RU,UK, tel: 01902 824450, fax: 01902 824453,e-mail: [email protected], website:http://www.biocote.com (8 Jul 2009)
Dow Powder Coatings launchesnew website
Dow Powder Coatings (formerlyRohm & Haas Powder Coatings)has launched a new website,http://www.dowpowdercoatings.eu,giving access to its products,technologies and services. Thewebsite highlights its Europeanstock range CLAYMORE, offeringtechnologies for variousapplications, an extensive rangeof colours and metallic finishes.“Design with Powder” is a newinnovative on-line tool that offersthe possibility to view finishes onvarious objects with the click of amouse. The EuropeanCLAYMORE portfolio includes theArchitect’s Collection of specialeffect powder coatings for thearchitectural market; the EmotionsCollection for interior design anddecorative industrial markets; theArchitectural Collection of RALpolyester powders for thearchitectural and outdoor markets;and the S3 Collection forindustrial applications.
Press release from: Dow Chemical Co, 2030,Dow Centre, Midland, MI 48642, USA, tel:+1 989 636 1000, fax: +1 989 636 3518,website: http://www.dowpowdercoatings.eu(9 Jul 2009)
Xiom Corp executes letter ofintent to acquire Equisol LLC
Xiom Corp announced that it hasentered a Letter of Intent toacquire 100% interest of EquisolLLC located in WestConshohocken, PA, US for theissuance of shares of commonstock of Xiom totalling 65% of thetotal issued and outstandingshares of common stock and $1.5M in cash and a note. Followingthe transaction, Equisol willbecome a wholly ownedsubsidiary of Xiom. Equisol is aunique equipment solutionsprovider, deliveringenvironmentally friendly products,services and engineeringsolutions to customers in thewater industry. The transaction isexpected to close before thefinancial year ends on 30 Sep2009. Xiom Corp is a technology