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MARCH 2011 5 FOCUS ON POWDER COATINGS raise its NPG capacity in Yeosu, Korea, by 35,000 tonnes/y to 100,000 tonnes/y by 2H 2011. Chemical Week, 31 Jan 2011, (Website: http://www.chemweek.com) PPG powder primer meets new military specification for CARC coatings PPG Industries’ industrial coatings business announced that its MLP80000 primer coating meets the new US MIL-DTL- 32348 Type I military specification for chemical-agent-resistant powder primers. Chemical-agent- resistant coatings (CARCs) are applied to military vehicles, such as tanks, personnel carriers and equipment transporters, and to military vehicle components, such as antennae or gun turrets. In addition to their camouflage colouring and ability to resist chemical and biological agents, CARCs feature properties that prevent infrared (IR) detection by enemy forces. The US Army Research Laboratory issued the new MIL- DTL-32348 specification for a CARC powder primer and topcoat in Nov 2010 with the intent of increasing the military’s use of powder coatings on military vehicles and components. In addition to being resistant to chemical and biological agents, CARC primers approved under MIL-DTL-32348 Type I must meet specific corrosion-resistance and intercoat-adhesion requirements. They must be able to withstand degradation by ultraviolet (UV) light, resist decontamination solutions, impart low gloss and sheen secularly, and be validated to work with military-specified exterior topcoats by meeting specific physical testing requirements. PPG Industries’ vision is to continue to be the world’s leading coatings and speciality products company. Press release from: PPG Industrial Coatings, One PPG Place, Pittsburgh, Pennsylvania 15272, USA, tel: +1 888 774 2001, e-mail: [email protected], website: http://www.ppg.com (7 Feb 2011) Speciality resins make a splash in M&A Three fairly recent transactions in the speciality coating resins sector appear to indicate a strategy among market players to boost their rankings in technologies geared for faster- expanding niche applications. Omnova Solutions’ 225 M purchase of Eliokem International from AXA Private Equity gives Omnova additional acrylic, styrene butadiene and nitrile chemistries, plus complementary products for speciality latex and oil field applications. The merged businesses will remain based in the USA. The second deal is Arkema’s offer to purchase Total’s Sartomer, Cray Valley and Cook Composite Polymers for 550 M. Arkema’s acquisition of Total’s photocure and coatings operations not only improves its standing as a speciality coating resins supplier, it also extends the downstream integration of the firm’s acrylics line, permits implementation of development synergies and gives it access to Asia’s rapidly expanding markets. DSM, meanwhile, has proposed to buy a 51% share in Taiwan- based AGI Corp, a producer of UV curable resins and other materials for paper, wood and graphic arts plastic coatings inks. The acquisition will expand DSM’s UV technology platform. PPCJ, Polymers, Paint, Colour Journal, Jan 2011, 201 (4556), 10 (Website: http://www.polymerspaintcolourjournal.com/) MARKETS Eurocoat and the global coatings market Some exhibitors at the Eurocoat 2010 fair are discussed. In 2009, Dow achieved a turnover of $45 bn, with 52,000 employees around 214 sites in 37 countries. The Caldic Group, Netherlands, distributes and makes chemicals. It was established in 1970 and it has a turnover of 600 M. Caldic Italy established in 1988 has a turnover of 40 M. A table entitled Global Coating Consumption, in bn litres shows the data for 6 regions in 2008 and 2009 with the % change. Pacific Asia went from 8.16 to 8.23, Europe went from 4.91 to 4.64, North America from 4.85 to 4.50. A table entitled 2009 Top 10, shows AkzoNobel, Netherlands, $15.13 bn, PPG Industries, USA, $11.36 bn and Sherwin-Williams, USA, $7.01 bn. A table entitled 2009 Global Sales (US$ bn) Coatings shows the breakdown by application and %. Construction leads with 53.0 (57%), next Assembly with 25.1 (27.0%), Packaging with 2.3 (2.5%) and Transport 11.2 (12.0%). Double Liaison, Dec 2010, (578), 16-22 (in French) Chemrez Technologies reports consolidated sales for Jan-Sep 2010 Chemrez Technologies Inc (the largest producer of environment- friendly oleochemicals and resins in the Philippines) announced a 26% growth in its consolidated sales for Jan-Sep 2010 to Philippines Peso 4.5 bn (compared with Philippines Peso 3.6 bn for Jan-Sep 2009). In a disclosure to the Philippine Stock Exchange, the green technology firm said sales volume was 8% higher compared to the same period last year. Chemrez said 25% of this increase came from exports, driven by the high demand for amides and esters as used for the detergent and soap sectors in overseas markets. On the other hand, the firm’s various resin products have registered mixed volume results. The revenue mix is 58% oleochemicals, 38% resins and 4% powder coating. Gross profit for the period improved by 2% to Philippines Peso 584 M (compared with Philippines Peso 569 M in Jan-Sep 2009) even as

Speciality resins make a splash in M&A

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Page 1: Speciality resins make a splash in M&A

MARCH 2011 5

F O C U S O N P O W D E R C O A T I N G S

raise its NPG capacity in Yeosu,Korea, by 35,000 tonnes/y to100,000 tonnes/y by 2H 2011.

Chemical Week, 31 Jan 2011, (Website:http://www.chemweek.com)

PPG powder primer meets newmilitary specification for CARCcoatings

PPG Industries’ industrialcoatings business announced thatits MLP80000 primer coatingmeets the new US MIL-DTL-32348 Type I military specificationfor chemical-agent-resistantpowder primers. Chemical-agent-resistant coatings (CARCs) areapplied to military vehicles, suchas tanks, personnel carriers andequipment transporters, and tomilitary vehicle components, suchas antennae or gun turrets. Inaddition to their camouflagecolouring and ability to resistchemical and biological agents,CARCs feature properties thatprevent infrared (IR) detection byenemy forces.

The US Army ResearchLaboratory issued the new MIL-DTL-32348 specification for aCARC powder primer and topcoatin Nov 2010 with the intent ofincreasing the military’s use ofpowder coatings on militaryvehicles and components. Inaddition to being resistant tochemical and biological agents,CARC primers approved underMIL-DTL-32348 Type I must meetspecific corrosion-resistance andintercoat-adhesion requirements.They must be able to withstanddegradation by ultraviolet (UV)light, resist decontaminationsolutions, impart low gloss andsheen secularly, and be validatedto work with military-specifiedexterior topcoats by meetingspecific physical testingrequirements. PPG Industries’vision is to continue to be theworld’s leading coatings andspeciality products company.

Press release from: PPG Industrial Coatings,One PPG Place, Pittsburgh, Pennsylvania15272, USA, tel: +1 888 774 2001, e-mail:[email protected], website:http://www.ppg.com (7 Feb 2011)

Speciality resins make a splash inM&A

Three fairly recent transactions inthe speciality coating resinssector appear to indicate astrategy among market players toboost their rankings intechnologies geared for faster-expanding niche applications.Omnova Solutions’ €225 Mpurchase of Eliokem Internationalfrom AXA Private Equity givesOmnova additional acrylic,styrene butadiene and nitrilechemistries, plus complementaryproducts for speciality latex andoil field applications. The mergedbusinesses will remain based inthe USA. The second deal isArkema’s offer to purchase Total’sSartomer, Cray Valley and CookComposite Polymers for €550 M.Arkema’s acquisition of Total’sphotocure and coatingsoperations not only improves itsstanding as a speciality coatingresins supplier, it also extendsthe downstream integration of thefirm’s acrylics line, permitsimplementation of developmentsynergies and gives it access toAsia’s rapidly expanding markets.DSM, meanwhile, has proposedto buy a 51% share in Taiwan-based AGI Corp, a producer ofUV curable resins and othermaterials for paper, wood andgraphic arts plastic coatings inks.The acquisition will expandDSM’s UV technology platform.

PPCJ, Polymers, Paint, Colour Journal, Jan2011, 201 (4556), 10 (Website:http://www.polymerspaintcolourjournal.com/)

MARKETSEurocoat and the global coatingsmarket

Some exhibitors at the Eurocoat2010 fair are discussed. In 2009,Dow achieved a turnover of $45bn, with 52,000 employeesaround 214 sites in 37 countries.The Caldic Group, Netherlands,distributes and makes chemicals.It was established in 1970 and it

has a turnover of €600 M. CaldicItaly established in 1988 has aturnover of €40 M.

A table entitled Global CoatingConsumption, in bn litres showsthe data for 6 regions in 2008and 2009 with the % change.Pacific Asia went from 8.16 to8.23, Europe went from 4.91 to4.64, North America from 4.85 to4.50. A table entitled 2009 Top10, shows AkzoNobel,Netherlands, $15.13 bn, PPGIndustries, USA, $11.36 bn andSherwin-Williams, USA, $7.01 bn.A table entitled 2009 GlobalSales (US$ bn) Coatings showsthe breakdown by application and%. Construction leads with 53.0(57%), next Assembly with 25.1(27.0%), Packaging with 2.3(2.5%) and Transport 11.2(12.0%).

Double Liaison, Dec 2010, (578), 16-22 (inFrench)

Chemrez Technologies reportsconsolidated sales for Jan-Sep2010

Chemrez Technologies Inc (thelargest producer of environment-friendly oleochemicals and resinsin the Philippines) announced a26% growth in its consolidatedsales for Jan-Sep 2010 toPhilippines Peso 4.5 bn(compared with Philippines Peso3.6 bn for Jan-Sep 2009). In adisclosure to the Philippine StockExchange, the green technologyfirm said sales volume was 8%higher compared to the sameperiod last year. Chemrez said25% of this increase came fromexports, driven by the highdemand for amides and esters asused for the detergent and soapsectors in overseas markets. Onthe other hand, the firm’s variousresin products have registeredmixed volume results. Therevenue mix is 58%oleochemicals, 38% resins and4% powder coating. Gross profitfor the period improved by 2% toPhilippines Peso 584 M(compared with Philippines Peso569 M in Jan-Sep 2009) even as