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Fire
Engulfs Plastic Container Storehouse in Northern India
A massive fire
engulfed a plastic container storehouse in Kanpur City of India's Uttar
Pradesh state on Monday.
The fire broke out at 3:30 a.m.
This factory named Jolly Containers deals with Nerolac paints. This
factory stored plastic containers used by the Nerolac Paint Company.
The storehouse did not have basic firefighting equipment, and a case has
been registered against the owner of the company.
No one was injured in the incident.
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<more>
Kansai Nerolac
Paints profit jumps 73.53% for Mar`11 qtr
Kansai Nerolac
Paints announced a phenomenal rise in standalone net profit for the
quarter ended March 2011. During the quarter, the profit of the company
rose 73.53% to Rs 588.60 million from Rs 339.20 million in the same
quarter previous year.
Net sales for the quarter for the quarter rose 22.84% to Rs 5,205.40
million, while total income for the quarter rose 23.68% toRs 5,286.70
million, when compared with the prior year period.<more>
Asian Paints Q4
slips on high raw materials cost
Asian Paints said
its fourth-quarter (January-March) net profit fell due to high raw
materials cost and added that the upward surge in prices is likely to
continue due to shortage of key raw materials caused by global capacity
constraints, the company said in a press release Wednesday.
Demand conditions for international as well as industrial businesses
were challenging," chief operating officer and managing director, PM
Murty, said in the press release.
The companys standalone net profit declined 3% to Rs 171.43 crore for
the quarter ended March 31, compared with Rs 177.4 crore previous year
on rising raw and packing material costs. Net sales rose to Rs 1,607.39
crore from Rs 1,296.09 crore.<more>
Solid Q4 earnings
boost Akzo Nobel India
Akzo Nobel India gained 2.40% to Rs. 859 at 12:10 IST on BSE, after net
profit surged 221.4% to Rs. 57.82 crore on 21.4% rise in net sales to Rs.
266.60 crore in Q4 March 2011 over Q4 March 2010.
The company announced the results after market hours on Wednesday, 11
May 2011.<more>
Akzo Nobel plans
new Rs 250 cr plant in India
Global paints and
coatings maker Akzo Nobel plans to set up a new manufacturing plant in
India at an investment of up to Rs 250 crore as part of a strategy to
become a one billion euro entity in the country by 2015.
The Indian arm of the Amsterdam-based company is scouting for locations
in Madhya Pradesh and Karnataka to set up the plant, which it expects to
be ready by FY13.
"Currently, we are pretty close to full capacity and the management
understands that in order to achieve our target of becoming a one
billion euro entity in India by 2015, we need more capacity," Akzo Nobel
India Chairman Nihal Kaviratne told PTI.
Akzo Nobel India Ltd is the listed company of the group and is mainly
into decorative paints, automotive coatings and surface chemistry. The
group's other business areas such as performance coatings and specialty
chemicals are also significant in India but are not under the aegis of
the publicly listed entity.
In the year FY11, Akzo Nobel India reported a total revenue of Rs
1,096.8 crore with a profit after tax of Rs 176.6 crore.<more>
Akzo Nobel India
Board to consider Dividend for 2010-11
A meeting of the Board of Directors of Akzo Nobel India Ltd will be held
on May 11, 2011, to consider the Audited Financial Results of the
Company for the year ended March 31, 2011 and recommendation of Dividend
for the said financial year.
The stock was trading at Rs.841, up by Rs.0.30 or 0.04%. The stock hit
an intraday high of Rs.841 and low of Rs.835.05.
The total traded quantity was 169 compared to 2 week average of 1979. <more>
Japan earthquake
likely to adversely affect the supply-chain in industries
Picture this: You
are set to move into a spanking new apartment, and the equated monthly
installments have already begun to tick. A few days before you decide to
take possession, the builder calls to tell you that your home is ready
to move in. Except for a few things, he adds sheepishly - security
cameras, intercom systems and fire sprinklers have yet to be fitted in
the tower.
Or what if this happens: your smartphone crashes to the ground, one of
its 100-odd components - a humble screw - gets lost. Your mobile is not
the same again. You go to the manufacturer for a replacement, but he
tells you he does not have the part. And this comes days after the
dealer who is repairing the car that you banged into the rear of a bus
tells you that the vehicle will have to spend a few more weeks in the
shop.
If carmakers are nervous, so are suppliers of components. And paints. Kansai
Nerolac sources raw
materials from its factories in Japan. The company has now begun
sourcing chemicals from Europe. "The quality is the same but the price
is slightly higher," says H M Bharuka, managing director, Kansai
Nerolac.
The cuts in production by the auto majors will also hit the paints
company's revenues. "Our top line will be lower by 2 to 3%," adds
Bharuka. Analysts point out that in situations where costs climb up,
manufacturers may well decide to pass on the increase to the customer.
Whitford Opens Its
Ninth Factory (in Bangalore, India) as Worldwide Growth Surges
20 April 2011, Bangalore, India. Whitford, maker of the world's largest,
most compete line of fluoropolymer coatings, continues to grow with its
recently opened (and ninth) factory in Bangalore, one of India's
fastest-growing and most dynamic cities. Witnessing the opening
ceremonies were many customers, suppliers, government officials, and
members of Whitford senior management from around the ...<more>
Shalimar Paints
Owners To Divest Partly, Raise Funds
MUMBAI (Mint) --
The promoters of Shalimar Paints, a Mumbai-based paint manufacturing
company, are looking to divest a part of their stake, according to two
people familiar with the development.
The company has appointed investment bank Avendus Capital Pvt. Ltd. to
scout for suitable buyers.
"The talks are still in preliminary stages," said the person with direct
knowledge of the development. "They are looking for either a strategic
player or a private equity firm. The company needs money for capacity
expansion and business development."
An e-mail questionnaire sent to Shalimar Paints on Monday went
unanswered. Sandeep Sarda, executive director and chief executive
officer of Shalimar Paints, when contacted over the phone, said: "We do
not comment on such things."
The promoters of the paint company are the Ratan Jindal Group and the
Jhunjhunwala Group, a Hong-Kong based non-resident Indian group with
interests in real estate and hospitality. At the end of March 2010, the
promoters held a 62.8% stake in the company.
India's paint industry is estimated to be 190 billion rupees ($4.23
billion), with expected volume growth of 13% to 15%, the fastest in
Asia-Pacific, according to a Standard Chartered Securities (India) Ltd.
report in January.<more>
ICIs Board okays
separation of paint business
KARACHI: The board of directors of ICI Pakistan Limited Wednesday
decided that ICI Pakistan should be divided into two entities, both of
which will be listed on the Karachi, Lahore and Islamabad stock
exchanges. One such entity will be Akzo Nobel Pakistan Limited
(comprising the Paints Business) and the other will be ICI Pakistan
Limited (retaining all other businesses of ICI Pakistan). The board of
directors has also decided that the separation of the paints business
should be achieved through a demergersanctioned by the Courtand this
should be on the basis of the financial statements of the company as at
30 June 2011. staff report <more>
I color
application at Nippon Paints
At
Nippon Paint, we believe everyone can become an expert in paint. We will
do our part by furnishing our customers with the finest products that
suit your .
Features
Generate colour schemes from photos
Browse thousands of colours in our library
Calculate how much paint you need for your project
Locate Nippon Paint Singapore stores on the go
Play fun memory games with Nippon Paint Sumo
Share your ideas with friends via email and Facebook
<more>
Epoxy Powder
Coating as a High-Dielectric Insulator
Using the proper
application method, virtually any configuration can be uniformly coated,
ensuring a consistent insulation barrier.<more>
Titanium dioxide:
China largest producer and consumer in 2010
China has become
the largest producer and consumer of titanium dioxide (TiO2) in the
world.
According to the latest research data from China Chemicals Market (CCM),
a Chinese consulting company based in Guangzhou, China, the total
capacity of Chinas titanium dioxide (TiO2) represents approximately 30%
of world capacity.
In 2010, the total capacity of Chinas TiO2 reached 2,000,000 tonnes,
and annual production reached 1,470,000 tonnes. In 2010, the consumption
of TiO2 in China exceeded 1,400,000 tonnes. Due to the supply shortage
in the European market, the export volume of Chinas TiO2 increased
rapidly, making the first favorable balance of trade in May 2010.
Driven by growth of the macro economy, the demand for Chinas TiO2 is
growing rapidly, providing opportunities for TiO2 and downstream
industries such as coatings, rubber and plastic. Demand forTiO2 is
expected to grow at about 10% annually in the coming years.<more>
First
Permanent Anti-Fog Coating Developed
ScienceDaily
(Mar. 16, 2011) Researchers under the supervision of Universit Laval
professor Gatan Laroche have developed the very first permanent
anti-fog coating. Dr. Laroche and his colleagues present in the online
edition of Applied Materials and Interfaces the details of this
innovation which could eliminate, once and for all, the fog on
eyeglasses, windshields, goggles, camera lenses, and on any transparent
glass or plastic surface.<more>
DuPont to expand
TiO2 capabilities
DuPont
(Wilmington, Del.; www.dupont.com) announced a comprehensive titanium
dioxide expansion plan that will add about 350,000 metric tons (m.t.) of
global capacity and strengthen the companys capability to meet the
increasing demand from its customers. The expansion includes new
production facilities at the companys Altamira (Mexico) site, as well
as additional investments to improve the productivity at its other
titanium dioxide sites around the world.
The new line at the Altamira site is scheduled for completion by
year-end 2014 and will provide approximately 200,000 m.t./yr of new
capacity. Facility upgrades underway at DuPonts five titanium dioxide
manufacturing sites will continue over the next three years, yielding an
additional 150,000 m.t. of capacity.
This expansion and upgrades of our facilities allow us to rapidly adapt
to changes in the marketplace and consistently meet the ever-changing
demands of our customer base, says DuPont Titanium Technologies (DTT)
president BC Chong. Adding capacity at our Altamira site in Mexico, as
well as improving our existing uptime and production rates at all sites,
is a vital part of our strategy to help our customers succeed. By
increasing capacity, we will ensure a sustainable supply for customers
and partners to help secure their success in the marketplace.<more>
Australia: PPG
paint workers remain on strike as union pushes two-tier wage cut
After five weeks,
more than 120 workers remain on strike at a Melbourne paint plant
operated by the US-based transnational PPG Industries. They walked out
on March 28 against the companys demand for a new two-tier wage system,
involving new hires receiving a 43 percent wage cut. PPGa multi-billion
dollar global manufacturer of chemicals, paint and glass, and a major
supplier for Toyota, Ford, and General Motors Holden in Australiais
also attempting to undermine the overtime benefits and working
conditions of the existing workforce, and has mounted an aggressive
strike breaking operation to maintain production.
The important struggle being waged <more>
European Coatings
Show 2011:closure
report
European Coatings
Show 2011:
Excellent figures and top marks
More exhibitors, space and visitors than ever before
Another increase in internationality
Successful congress with participants from all over the world
The European Coatings Show still has a few surprises in store twenty
years after its launch. After a slight decline for the preceding edition
due to the world economic crisis, the 2011 event in the Exhibition
Centre Nuremberg even beat the previous top marks of 2007.
887 exhibitors from 45 countries presented their product spectrum of
high-quality coatings, paints, sealants, construction chemicals and
adhesives on a record net display space of 30,000 m from 2931 March
2011. 25,955 trade visitors, 14 per cent more than the previous record
of 2007, used the opportunity to update on the latest products and
services during the three days of the exhibition. 63 per cent of them
came to Nrnberg from abroad (2007: 59 per cent / 2009: 56 per cent).
After Germany, the countries with the most visitors were Italy, the
Netherlands, Switzerland, Turkey, Great Britain and France. The European
Coatings Congress with 648 participants from 40 countries at its some
150 papers in 25 sessions also registered outstanding interest in the
topical issues of this highly innovative sector.
The European Coatings Show and European Coatings Congress are the
meeting place for the global coatings community every two years. With
its large international share of about 60 per cent for both exhibitors
and visitors, the event offers an ideal dialogue platform for experts
from all over the world.
All the new developments and innovations are represented here, from raw
materials for coatings, printing inks and adhesives to intermediates for
construction chemicals, laboratory and production equipment, testing and
measuring equipment, and application systems to safety at work and
environmental protection. Besides a variety of product properties and
competitiveness, the environmental compatibility aspect is increasing
its importance in research and development, as shown, for example, by
the rapidly growing share of water-based coatings and paints. Prof.
Matthias Beller of Rostock University opened the European Coatings
Congress with his keynote on Monday, 28 March 2011. The winner of the
1st Sustainable Chemistry Award showed that sustainability in chemical
production is a key technology of the 21st century. Sustainability was
also the central issue of the second keynote lecture by Dr. Erik Risberg
of Jotun, Norway.
European Coatings Award 2011
The European Coatings Award for the best Conference Paper was also
presented on the first day of the European Coatings Congress to Dr. Marc
Entenmanns team from the Fraunhofer Institute for Manufacturing
Engineering and Automation. The paper entitled Corrosion protection
with nanoscale anticorrosive pigments in coatings describes the effects
of reducing the particle size of corrosion protection pigments. The jury
based its decision on the outstanding way in which the paper shows an
approach to solving one of the industrys biggest and most
cost-intensive problems: the corrosion of steel.
Exhibitors and visitors give top marks
Exhibitors and visitors again gave top marks for the range of products
at the European Coatings Show in 2011 and for the success of the event.
Well over 90 per cent were satisfied with the complete package. A look
at the details shows why: 99 per cent of the exhibitors said they had
made new business connections with their most important target groups
during the three days of the exhibition. 35 per cent received direct
orders during the European CoatingsShow, and nine out of ten companies
also expect follow-up business. For 93 per cent of the exhibitors, the
European Coatings Show is an important to extremely important part of
their marketing and sales activities.
The visitors accordingly expected a real fireworks of interesting
products and services again at the European Coatings Show 2011: more
than 80 per cent of the exhibitors had brought new products and
innovations from their portfolio. 95 per cent of the visitors were
satisfied with the
information and contact opportunities on the stands. 58 per cent said
the European Coatings Show is the only exhibition they visit in this
field. One of the decisive factors for the success of the exhibition is
the high professional and decision-making qualities of the visitors. The
largest groups of visitors were formulators of paints and coatings (37
per cent), raw material suppliers (29 per cent), formulators of
adhesives and sealants (14 per cent), construction chemicals (10 per
cent), printing inks (7 per cent) and industrial applicators of coatings
and paints (7 per cent). Well over 90 per cent of the visitors are
involved in purchasing and procurement decisions in their company
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