Coatings World July 2011

       



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July 2011 • Vol. 16, No. 7

Table of Contents

42 Top Companies Report Coatings World’s annual report profiling the top manufacturers of paints, coatings, adhesives and sealants. • Rankings - 44 • Geographical snapshot - 46 • Company profiles - 48

80 85

State of the Industry

DEPARTMENTS

Resins Supplier Directory

Editor’s Page ................................6 As We Go To Press ......................8

COLUMNS International Coatings Scene ....................................26 China • China’s Architectural Coatings – The Forgotten Market Europe • Russia’s Coatings Industry Regains Stride Latin America • Colombia, Panama FTAs to Boost Investment

Business Corner ..........................................................38 Role Change in Marketing

Index to Companies ....................8 Fresh Paint ................................10 Patents ......................................20 Market Reports ........................22 New Products ............................34 Industry News ..........................88 Suppliers Corner........................92

ADVERTISING SECTIONS Classified Ads ..............................................................96 Advertising Index........................................................97

People ........................................93 Meetings ....................................94 Final Coat ..................................98

85 80

COATINGS WORLD — Coatings World (ISSN 152-711-29) is published monthly by Rodman Publications, Inc., 70 Hilltop Road, Ramsey, NJ 07446 USA. Phone: (201) 825-2552; Fax (201) 8250553. Periodical postage paid at Ramsey, NJ 07446 USA and additional mailing offices. Publications Mail Agreement No: 40028970. Return Undeliverable Canadian Addresses to Circulation Dept. PO Box 1051, Fort Erie, On L2A 6C7, [email protected]. POSTMASTER: Send address changes to: [email protected]; (201) 825 2552 ext. 374; Fax: (201) 825 6582. Free subscriptions to Coatings World are available to qualified individuals. Others are as follows: U.S. one year $75; two years $105. Outside U.S. and overseas: one year $95 (U.S.), two years $145 (U.S.), foreign airmail: one year $195 (U.S.). 5% GST required on Canadian orders. GST #131559148. The publisher reserves the right to determine qualification of free subscriptions. Printed in the USA. Coatings World is used under license from Whitford Worldwide. COATINGS WORLD’S circulation is audited by BPA International. July 2011

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Coatings World | 5

Editors Page

Top Companies regained ground in 2010

oming off a very difficult 2009 when most coatings companies experienced reduced activity and lower profitability, 2010 became the year when the coatings industry recovered from the economic downturn across most markets and regions. For example, global automotive markets, which were some of the hardest hit during the recession, experienced increased production levels due to improved OEM auto builds as a result of higher demand, particularly in North America and Europe. Automotive builds across the globe increased 22 percent, reflecting an improvement of 37 percent in North America and 20 percent in the rest of the world. The industry production forecast for 2011 projects a global increase of five percent, reflecting continued recovery in North America and continued growth in Asia Pacific. Most paint companies posted positive sales growth over 2009. However full recovery to pre-recession levels is still likely a few years away. Still it is a very positive sign that overall profitability was restored in most companies and the industry is again preparing for growth outside the mature markets while also continuing to invest in the R&D pipeline. One of the biggest stories of the year was the landmark deal between Walmart and AkzoNobel. The Dutch paint maker supplanted Sherwin-Williams as the primary paint supplier in the U.S. for the world’s largest retailer. In other key news, after a year of bitter opposition, a competition watchdog recently approved Kansai Paint’s $260 million takeover bid of Freeworld Coatings, which is making its curtain call in this year’s report. The deal represents a significant push into the African continent for Japan’s largest paint and coatings maker. Also gone from this year’s report is Australia’s Wattyl having been acquired by Valspar for $125 million. Under the deal, Wattyl, which began operations in 1915, handed over its 30 percent share of the domestic paints market to Valspar. As high growth markets continue to redefine the dynamics of all manufacturing-based industries, domestic suppliers in these regions continue to gain prominence on the world stage. In this year’s report we say hello for the first time to several Chinese companies: Carpoly Chemical Group, Yips Chemical and Shanghai Coatings. Also, in Russia, joining fellow domestic paints producer Empils is Russian Coatings. I’m sure we will see this list of Top Companies continue to grow as these high growth regions become increasingly important to the customers the coatings industry serves. Also be sure to read this year’s State of the Industry report on page 80 where the presidents and CEOs of some of the biggest players in the industry discuss the year under review as well as make predictions about the future direction the industry is headed. You don’t want to miss it!

C

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6 | Coatings World

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A Rodman Publication 70 Hilltop Road • Ramsey, NJ 07446 USA (201) 825-2552 • Fax: (201) 825-0553 Web site: www.coatingsworld.com EDITOR

Tim Wright • [email protected] VICE PRESIDENT/EDITORIAL DIRECTOR Tom Branna • [email protected] ASSOCIATE EDITOR Kerry Pianoforte • [email protected] ART DEPARTMENT Michael Del Purgatorio • [email protected] INTERNATIONAL CORRESPONDENTS Sean Milmo (Europe) Charles W. Thurston (Latin America/Americas) CONTRIBUTING EDITORS Phil Phillips EDITORIAL ADVISORY BOARD Jim Berry (Berry Environmental) Joseph Cristiano (consultant) Thomas Frauman (consultant) Joseph Prane (consultant) Isadore Rubin (consultant) Richard M. Tepper (PPG Industries) Shelby F. Thames (University of So. Mississippi)

RODMAN PUBLISHING PRESIDENT Rodman J. Zilenziger, Jr. • [email protected] EXECUTIVE VICE PRESIDENT Matthew J. Montgomery • [email protected] GROUP PUBLISHER / ADVERTISING SALES Dale Pritchett • [email protected] ADVERTISING SALES (U.S.) Kim Clement • [email protected] ADVERTISING SALES (Europe) Baudry Boisseau Associates 27 Rue J. Lebeau- B-1000, Brussels, Belgium Tel.: 32-(0)2-513-06-47 • Fax: 32-(0)2-514-17-38 [email protected] ADVERTISING SALES (Hong Kong, Taiwan & China) Ringier Trade Publishing Ltd 401-405 4/F New Victory House 93-103 Wing Lok Street, Sheung Wan, Hong Kong (852) 2369 8788 • Fax: (852) 2869 5919 [email protected] CLASSIFIED ADVERTISING SALES Patty Ivanov • 631-642-2048; Fax 631-473-5694 [email protected] PRODUCTION MANAGER Patricia Hilla • [email protected] CIRCULATION DIRECTOR Joe DiMaulo • [email protected] ONLINE DIRECTOR Paul Simansky • [email protected] WEB MASTER Jason Lawton • [email protected] COATINGS WORLD’S circulation is audited by BPA Worldwide.

July 2011

As We Go To Press

Home Depot sued by California counties over VOC levels

The South Coast Air Quality Management District (AQMD), the air pollution control agency for Orange County and much of Los Angeles, San Bernardino and Riverside counties, filed a lawsuit against The Home Depot Inc. alleging tens of thousands of air quality violations for displaying and selling coatings and paints that exceeded AQMD’s limits volatile organic compounds (VOCs). District attorneys for Orange, Riverside and San Bernardino counties and the city attorney for the City of Los Angeles have also filed a second lawsuit related to the AQMD case. This suit alleges that Home Depot misled customers with false information about their products, which created an unfair business advantage over their competitors, according to AQMD’s statement. The alleged violations of AQMD’s Rule 1113 that prohibits the manufacture, distribution, sale or use of non-compliant coatings could add up to steep fines: Home Depot could face penalties of up to $10,000 for each violation. Under the second lawsuit in accordance with the Business and Professions Code, Home Depot is subject to additional penalties of up to $2,500 for each act of unfair competition and $2,500 for each act of false and misleading advertising, AQMD says. The AWMD filing alleges that Home Depot sold thousands of cans of sealers, clear wood coatings, lacquers and other paints and coatings in violation of air quality regulations. The products containing volatile organic compound (VOC) in excess of AQMD’s limits were found at more than two dozen stores, the authority alleges. AQMD said that the products were available at stores even after Home Depot management had been notified of the problem. Some of the products had been marked down for quick sale, AQMD says.

clusive line of durable, low-odor interior paints and smart painting supplies. HGTV Home by Sherwin-Williams will feature eight designer inspired color collections. Each collection highlights 20 coordinated colors and design tips for homeowners to create harmonious room-to-room color transitions. Colors within each of the eight HGTV Home by Sherwin-Williams collections work together no matter how many or how few are selected. The interior latex

paint, manufactured by Sherwin-Williams, will be available in flat, satin and semigloss finishes. It will carry the GreenSure seal that marks the company’s high-quality, environmentally preferred coatings. The color collections, to be showcased at more than 2,800 neighborhood SherwinWilliams stores, are: Color Pizazz, Traditional Twist, Urban Organic, Global Spice, Livable Luxe, Rustic Refined, Neutral Nuance and Coastal Cool. CW

Index to Companies This index gives the starting page for a department or feature with a significant reference to a manufacturer of paint, coatings, adhesives and sealants. Subsidiaries are indexed under their own names. Ace Paint . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 AkzoNobel. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 93 BASF . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20, 80 Devoe Paint . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Diamond Vogel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Dunn-Edwards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 34, 80 Ennis Traffic Safety Solutions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Hempel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 80 Henkel . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 International Paint . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 34 Jotun . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 80 Lord Corp . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Modern Masters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 PPG . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 20, 34, 80, 98 Pratt and Lambert . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Shawcor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Sherwin-Williams. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8, 10 Specialty Coating Systems . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Spies Hecker . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Tiger Coatings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

Sherwin-Williams, HGTV form partnership

Tikkurila . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 80

Sherwin-Williams has partnered with HGTV to launche HGTV Home, an ex-

Watson Standard . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

8 | Coatings World

Valspar. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10, 20

www.coatingsworld.com

July 2011

We are thinking about the same thing you are… How to make your products greener and their performance pure gold. Our customers come to us to help them stay ahead of competitive pressures by helping to re-formulate existing products and innovate new ones – meeting “green” goals while preserving and even enhancing performance. We call it Greenability. You’ll call it genius. 2 Another fine result of the Innovation Principle – . Let us help you work through the formula for Greenability.

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Fresh Paint

Hempel expands in India

Hempel is expanding its operations in the Indian subcontinent. With the opening of a new manufacturing unit in Nashik, Maharashtra, Hempel is strengthening its manufacturing capabilities and presence in the Indian subcontinent. The company also plans to invest approximately €15-20 million in a greenfield project over a period of three years. Expansion in the Indian market is an important element within Hempel’s business strategy, One Hempel – One Ambition. “We are excited to expand our presence in the Indian subcontinent and supply not only India, but also Sri Lanka, Bangladesh, the Maldives and Nepal,” said Kim Junge Andersen, CFO, Hempel. “We’ve had very positive experiences with our organization in India and the new plant will significantly boost our ability to serve our growing customer base in this region.” The new plant will feature the latest in environmentally friendly coating production equipment, including a semi-automatic powder handling system, an automatic liquid dosing system and a solvent recovery unit. Designed to house raw materials and the finished product under one roof, the one-building factory is spread across a 1,500 square-meter plot. Under one shift operation, the factory will produce 1.5 million liters annually. If further capacity is required, the factory can operate with two shifts to raise production capacity to 2.4 million liters. The factory is fitted with the latest manufacturing equipment designed for maximum productivity. The bar code system installed in the factory will enable faster traceability of raw materials and finished goods. “India is a very important market for Hempel and the expansion will fast-track our growth in the region,” said Umesh Singh, director, Hempel South Asia. “While Hempel already has a large share of the global market in segments including wind 10 | Coatings World

turbines, cranes and infrastructures, India has also seen rapid growth in these segments. We look forward to supplying the protective and marine coatings to the growing markets for these segments in South Asia. In these markets, our goal is to double our 2010 turnover to above €18 million by 2013, and to triple turnover to more than €25 million by the end of 2015.” The Denmark based multi-national company, Hempel is in the midst of a strong growth strategy. The company has also recently acquired Crown Paints Ltd., a leading UK-based decorative paints company, and established manufacturing plants in Russia and Argentina.

International Paint opens fire protection laboratory International Paint’s protective coatings business opened a £6.4 million (€7.1 million) testing laboratory for fire protection products at its Felling, UK site. “The new facility significantly improves our ability to develop and bring new fire protection products to market,” said Dipak Mistry, technical manager for International’s protective coatings business.

International is the leading supplier of fire protection coatings, used to protect steel structures such as commercial buildings and oil and gas installations, with its Interchar and Chartek brands. The fire protection market is growing rapidly due to increasingly stringent fire protection regulations worldwide, and forecasters expect demand to double by 2018, the company said. International has supplied fire protection solutions for buildings including The New York Times Building in the U.S., the Marina Bay Sands Resort in Singapore and the Victoria Hospital at Kirkcaldy in the UK. The new laboratory will complement International Paint’s current fire protection capabilities, which include structural and fire engineering experience, estimation expertise and corrosion performance knowledge. By integrating into design contract chains and working alongside owners, architects, design engineers and steel fabricators, International draws on these resources to offer a broader fire protection service than just coatings supply. The new laboratory is part of a major €10 million investment in research, devel-

International Paint’s new fire protection facility in Felling, UK.

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July 2011

THINK NEW DIRECTiONS 2

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Fresh Paint

opment and innovation by AkzoNobel at the Felling site. AkzoNobel’s powder coatings business recently completed a new €2 million laboratory for its polymer research and a €1.4 million corporate research laboratory.

Watson Standard acquires EB curing unit Watson Standard recently acquired an electron beam curing unit. The investment will serve to strengthen the research and development facility and capabilities of their Rigid and Flexible packaging divisions. The EB unit allows Watson Standard to continue its progression in responding in the development of energy curable specialty coatings and their rising demand. The beam ensures Watson’s mission of formulating and supporting the most innovative specialty coatings and adhesives for the global rigid and flexible packaging market, as green technologies continue to replace conventional solvent-based coatings.

ShawCor and Welspun sign $60 million contract ShawCor Ltd. said its pipecoating division, Bredero Shaw, has received a contract with a value in excess of $60 million from Welspun Corp Limited, to provide pipeline coatings and related products and services for the Zawtika Development Project operated by PTTEP International Limited. The contract will be executed at Bredero Shaw’s facility in Kabil, Indonesia. This facility is a technology-based, full service coating plant that was built specifically to process large, complex projects in the Asia Pacific region. Pipe shipments will utilize the two new berths at the Kabil Offshore Deepwater Port, which became fully operational during the second quarter of 2010. The contract involves coating approximately 335 km of 10” to 28” pipe that will be protected with three-layer anticorrosion coating and concrete weight coating.

PPG opens business headquarters in China PPG has created PPG Management (Shanghai) Co., Ltd. The new company, 12 | Coatings World

located in Shanghai will act as business headquarters for PPG in China. “China continues to experience rapid growth, and PPG’s new country headquarters in Shanghai will help facilitate

our business growth through the consolidation of China business and functional leaders together in the new location,” said Viktor Sekmakas, PPG senior vice president, industrial coatings, and presi-

Nova Paint Club tackles economic challenges at Lisbon meeting CIN, Iberia’s largest paint group, hosted the latest Nova Paint Club meeting, held April 26 – May 1 in Lisbon, Portugal. The meeting brought together the marketing directors from the member companies and their board representatives to discuss the critical issues facing the global paint industry. The Nova Paint Club draws its members from 11 companies operating in more than 90 countries. The meeting included a keynote presentation from Tobias Lewe and his colleagues from A T Keaney. Lewe provided an insightful overview of the performance of the global paint market during the economic crisis. In addition, the marketing directors received information from key vendors on innovations including new color mixing systems and specialized packaging. “This conference has given us the chance to discuss the impact of the global economic crisis on our sector,” said Joao Serrenho, president of CIN and current president of Nova. “Working in collaboration, we have looked at new initiatives which will help us deal with both the threats and opportunities that this unprecedented situation offers the industry.” The next meeting of the Nova Paint Club will take place in October 2011 in London and will be held together with a meeting of Nova’s technical directors. The Nova Paint Club is an international organization founded in 1983 to provide a framework for leading global independent paint companies to benefit from exchanges of technical information, technology and expertise in all areas of their operations.

Nova President João Serrenho (front row center) together with board and marketing directors visit CIN's flagship store and administration complex in Lisbon, Portugal.

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July 2011

Fresh Paint

dent, PPG Asia Pacific. “The Asia Pacific region is critical for PPG’s global growth plans. In fact, sales in Asia Pacific exceeded $2 billion in 2010 and continue to account for a greater share of PPG’s total sales.” PPG first invested in China in the 1980s, according to Sekmakas. Today, PPG operates 14 manufacturing plants and two research and development centers throughout China. The company produces and sells a wide range of products in China such as paints and coatings, glass, fiberglass, optical products and aerospace materials.

Lord begins construction of factory in Itupeva, Brazil A subsidiary of Lord Corporation has started the construction of a site near São Paulo, Brazil, in the city of Itupeva. The industrial park in Jundia, which has been occupied by the company since 1974, will be deactivated after all equipment has been moved to the new headquarters, which will be ready by the second-half of 2013, the company said. In Itupeva Lord will have 10,200 square meters of built area, and a total area comprising 40,500 square meters to allow for several expansions to accommodate an aggressive growth plan over the next twenty years. Construction work is scheduled to begin in the first quarter of 2012. The company said that the new site will be critical for it to be able to achieve its goal of doubling sales volume every five years. The new plant will begin operations with installed capacity twice larger than its current output.

Hempel acquires Crown Paints Danish-based Hempel has acquired Crown Paints. The UK-based decorative coatings manufacturer will help Hempel to grow its decorative coatings business. The company said the decorative segment represents a significant part of the global coatings industry and therefore, the acquisition of a company strong in the decorative market is an important part of its strategy. The acquisition will not change Crown Paints’ brands’ identities, and the daily management and de14 | Coatings World

cision power will also remain local. Hempel will also continue to carry out Crown Paints’ existing objectives.

Ennis Traffic Safety Solutions enters Mexico traffic paint market Ennis Traffic Safety Solutions’ traffic paint products have been approved for sale and distribution by the Mexican government. Ennis company officials, government representatives and distributors held a launch event in Mexico City to discuss the Ennis entry into the paint market and regional headquarters in Mexico. The launch event was highlighted by a review of Mexican paint and thermoplastic standards by Ing. Alfonso Mauricio Elizondo Ramírez, coordinator of transportation standards and infrastructure for the Mexican Transportation Institute. “Our product success on a global basis has resulted from having local offices and facilities run by local people, and we are making a significant investment in Latin America and Mexico,” said Scott Seeley, Ennis’ director of global marketing, Central U.S. and Latin America. “Most of our products currently come from Texas, but we are evaluating ways to move our products and services closer to Mexico and Latin America.” Leading the Ennis team in Latin America is Alberto Merinos, marketing and sales manager for Latin America and the Caribbean. Ennis has distributed products in Mexico for more than 20 years including Stimsonite raised pavement markers and thermoplastic pavement material.

LKQ Corporation acquires AkzoNobel’s North American paint distribution business LKQ Corporation has closed the acquisition of AkzoNobel Coatings Inc.’s paint distribution business consisting of 40 locations across the U.S. In addition to distributing Akzo’s paint in these 40 markets and the other markets in which LKQ currently distributes Akzo’s paint, LKQ will continue to distribute paint for other manufacturers in the approximately 38 markets in which LKQ currently distributes paint and related products. www.coatingsworld.com

Jotun Saudia opens facility in Riyadh Jotun Saudia recently opened the company’s new offices in Bilda Mall, Riyadh. The new office will act as the company’s sales, marketing and administrative office and also house the protective marine and powder functions. The opening reflects Jotun’s continuing business growth in the Kingdom and also complements the company’s initiatives that are aimed at providing better customer service. Jotun’s warehousing and customer service department (CSD) facilities will still be based in its old facility in Solay, Riyadh. Jotun Saudia (Paints) maintains a strong presence in KSA with more than twp environmentally friendly factories in key locations such as Yanbu and Jeddah. The company’s new offices are located within accessible distance to the warehouse and CSD, and maintains a fully computerized set-up, which is equipped with the latest communication software that allows them 24/7 seamless connection to the Jotun global network.

Dow Microbial Control partners with Valspar Dow Microbial Control partnered with Valspar to launch the inaugural Innovation Day in Shunde, Guangdong Province, China. This event not only represented the business innovative strategy of “Innovate with Customers,” “In China, For China,” and a global vision, but also demonstrated its firm commitment to growing with customers together. Dow Microbial Control offers leading expertise and a complete portfolio of microbial control products to help solve all kinds of microbial problems including plant hygiene, in-can preservation, dryfilm protection and antimicrobial coating, etc and meets the evolving regulatory needs of our customers. Dow Microbial Control Quality Inspection Center, in particular, brings together the experts and laboratory facilities of Dow Microbial Control Technical Customer Application Center. It is therefore well positioned to providing specialized monitoring and testing of microbial biocides and preservatives, while helping customers solve the problems of microbial control, from specialty products to commercialization. July 2011

CREATING TOMORROW’S SOLUTIONS

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“As a world-leading coating company, Valspar champions the concept of openness and innovation, and an important element of this concept is external partnership and sharing of resources. Dow is the largest and most respected chemical company in the world, and it shares a similar concept to ours,” said Robert G. Duan, technical director of Valspar Asia. “I’m extremely delighted to see these two companies working together towards a common goal, and developing break-through technologies for the coating industry. Innovation Day has been a great success, marking a good beginning to our closer collaboration in the long run.”

Dunn-Edwards starts paint manufacturing facility in Arizona Dunn-Edwards has opened what it says is the world’s first LEED-certified paint manufacturing facility. Located in Phoenix, AZ the 336,000-sq.-ft. facility was custom designed to be the greenest and most efficient in the coatings industry, according to the company. The building encompasses manufacturing, product development, quality control laboratories, a distribution center, retail outlet and office space. “We have incorporated innovative, energy-efficient equipment and protocols, such as unique high-efficiency process equipment with integrated dust suppression technology, so that no particulates are emitted to ambient air, and advanced wastewater recycling techniques to conserve water. Our systems are classified as ultra-low discharge, meaning that waste generation is greatly minimized,” said Karl Altergott, president. According to Dunn-Edwards, it is considered one of the most environmentally-friendly paint manufacturers and an industry leader in eco-efficient principles - all part of its Greener by Design philosophy. Throughout its operations the company focuses on initiatives such as energy efficiency, waste minimization, recycling, emissions reduction, and health and safety protection. “So, not only are we manufacturing paint that is more eco-friendly, we have taken great steps to conserve energy and material resources, and to reduce waste in our physical environment,” said Altergott. The company eliminated cardboard boxes for packaging onegallon containers and now use heat shrink wrap. Dunn-Edwards is the only paint plant in the U.S. using heat shrink wrap. This amounts to a reduction of cardboard consumption by one million boxes, which equates to approximately 250 tons of cardboard per year. Altergott reports that energy calculations on the new plant show a 50% reduction over its two existing operations; one was first built in the mid-1950s and the other in the mid-1970s. “Our innovative automation at the new plant is one of the most comprehensive systems in the industry and light years beyond what we had at the older facilities,” he explained. “We are so much more efficient -- saving time, money and resources. Increased automation has reduced the physical demands of workers, and thus potential injuries.” With more than 50% more space than our two former plants combined, this new plant meets Dunn-Edwards’ needs for long-term growth and has room to expand another 40,000 sq. ft. 16 | Coatings World

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July 2011

The Sherwin-Williams Company announced it has been awarded the Presidential Green Chemistry Challenge Award. The award from the U.S. Environmental Protection Agency, (EPA) on behalf of the White House, recognizes Sherwin-Williams innovative new paint formulation, utilizing soybean oil and recycled plastic bottles (PET) in the substantial reduction of volatile organic compounds (VOC). “We are pleased that the White House and EPA have recognized our very talented R&D team that’s committed to innovation and sustainability,” said Chris Connor, chairman and CEO of The Sherwin-Williams Company. “Incorporating simple ingredients like soybean oil and recycled plastic bottles into a first of its kind powerful paint formula, provides a winning transformational combination for our customers and the environment.”

Sherwin-Williams is being recognized in the Designing Greener Chemicals category for water-based acrylic alkyd technology. (WBAAT) Oil-based alkyd paints have high levels of volatile organic compounds (VOC) that can become air pollutants as the paint dries. But now the Sherwin-Williams R&D Innovation Excellence team has developed water-based acrylic alkyd paint, made from soybean oil and recycled plastic bottles that cut VOC content by 60%. In 2010, the new environmentally friendly Sherwin-Williams paint formula, found in Pro Classic Waterbased Acrylic Alkyd, ProMar 200 Waterbased Acrylic Alkyd, and ProIndustrial Waterborne Enamel has eliminated 800,000 pounds of VOCs. In manufacturing the new paint formula, Sherwin-Williams has used 320,000 pounds of soybean oil, 250,000 pounds of PET, and eliminated 1,000 barrels of oil. The continued evolution and expansion of the Sherwin-Williams technology has the

potential to eliminate millions of pounds of VOC emissions while supporting the recycling of multimillion pounds of PET each year.

Fresh Paint

Sherwin-Williams awarded Presidential Green Chemistry Challenge by EPA

Cunard confirms efficiency improvements with Intersleek 900 Cunard, the brand operated by Carnival UK, has confirmed significant savings on its flagship liner Queen Mary 2 since converting from a silyl-based TBT-free self-polishing copolymer antifouling in November 2008 to International Paint’s fluoropolymer foul release coating Intersleek 900. From its own detailed studies on the propulsion efficiency of Queen Mary 2, Cunard has confirmed that since the application of the Intersleek 900 system to the vertical sides, vessel efficiency has improved by over 10 percent. “Prior to the drydocking, in order to achieve the necessary speeds to meet our demanding schedule, we would need to

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July 2011

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The Queen Mary 2 wears International Paint’s fluoropolymer foul release coating Intersleek 900.

utilize all four 14.5MW diesel generators and supplement that with our 8MW gas turbine running on gas oil,” said Ronnie Kier, chief engineer of Queen Mary 2. “After the drydocking we only required the four diesel generators, which gave us a direct saving of approximately 36 tons of gas oil per day or around $30,000 per day at today’s prices. What is more important to us is that those initial efficiency improvements have been effectively maintained over the 30 months since application.”

The lower fuel consumption seen on Queen Mary 2 since the application of Intersleek 900 represents a reduction in CO2 emissions of over 50,000 tons - equivalent to taking 16,000 cars off the road for 12 months.

Connecticut Governor signs paint stewardship law Connecticut Governor Dannel Malloy signed into law the nation’s third program requiring paint manufacturers to safely manage leftover latex and oil-based paint from households and painting contractors. The law will increase opportunities for residents and contractors to recycle architectural paint, while significantly decreasing costs for local agencies. The legislation was supported by the paint industry, and is the third law resulting from a multi- stakeholder negotiation facilitated by the Product Stewardship Institute (PSI). The first two laws passed in Oregon and California in 2009 and 2010, respectively. More than 609 million gallons of architectural paint are sold in the U.S. each year, 10 percent of which is estimated to remain unused. Underfunded municipal collection programs result in insufficient reuse, recycling, and improper disposal of leftover paint. The new program in Connecticut, slated for implementation on or before July 1, 2013, will include the cost of safely managing leftover paint in the purchase price of new paint, and will set up an industry-led program to reduce paint waste, increase reuse and recycling, and safely dispose of remaining unusable paint.

New Becker Acroma logotype unveiled The Sherwin-Williams Company unveiled the new logotype for its Becker Acroma brand at the 2011 Ligna show. According to the company, the new logotype is designed to reflect the movement, fluidity, strength and global nature that have made the Becker Acroma name one of the most trusted in the wood industry. “We wanted to be true to Becker Acroma’s brand roots while capturing 18 | Coatings World

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July 2011

MetoKote earns tier one status to Toyota Motor Manufacturing MetoKote Corporation has achieved tier one status to Toyota Motor Manufacturing. It is the only dedicated coating services company in North America to earn this distinction. Through its San Antonio, TX facility MetoKote provides electro-deposition or e-coat application services on 100 percent of Toyota’s Tundra and Tacoma pickup truck window frames produced at the automaker’s Texas assembly facility. MetoKote’s San Antonio facility—established in 2006—is located on the Toyota supplier campus and is on a 12-hour shipment window with the automotive manufacturer. MetoKote’s proprietary inventory tracking system (MITS) is tied to Toyota’s electronic data interchange system and manages precisely how many parts have been received, where they are in the coating process, and when they are scheduled for shipment. In addition to providing e-coat services directly to Toyota, MetoKote began its partnership with two Toyota primary product partners, and has since expanded those relationships to include additional partners also located on campus. In conjunction with earning tier one status, MetoKote was subsequently confirmed as a member of the Bluegrass Automotive Manufacturers Association otherwise known as BAMA. BAMA is a corporation made up of tier one Toyota suppliers who share a common vision with Toyota of delivering the highest quality vehicles at the lowest cost, with the shortest lead time.

and distribution capabilities. These acquisitions also added to the company’s existing infrastructure in China and Asia, doubling its capabilities. Drew McCandless, president of the Product Finishes Division said, “The time was right to reflect our expanded footprint with a name that articulates the division’s focus on providing finishes that meet customers’ perform-

Fresh Paint

its current strengths and continuing commitment to be a customized global supplier,” said Drew McCandless, president of Sherwin-Williams Product Finishes Division.

ance, compliance and aesthetic demands.” Sherwin-Williams Product Finishes Division, with the addition of technical centers, manufacturing facilities and substantial distribution infrastructure around the globe, enables Sherwin-Williams to deliver coatings systems to OEMs and manufacturers quickly and efficiently. CW

Sherwin-Williams renames chemical coatings division Sherwin-Williams’ Chemical Coatings Division has been renamed Product Finishes. Following the acquisitions of industrial wood finishing leaders Becker Acroma and Sayerlack in 2010, the newly expanded Sherwin-Williams Product Finishes Division now boasts a very strong presence in Europe, adding significant manufacturing July 2011

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Coatings World | 19

Patents

PPG patents universal primer

Patent No. U.S. 7,816,418 B2 PPG Industries has been granted a patent for a radiation-curable coating composition comprised of 50%-80% by weight a radiation-curable compound, the improvement comprised of including in the coating composition 1%-5% by weight a free acid, wherein the free acid is selected from tannic acid, phosphoric acid, gallic acid and/or citric acid; 1%-10% by weight of a halogenated polyolefin; 1%-3% by weight of a photoinitiator; and a phosphate ester acrylate; so as to improve the adhesion of the coating composition to both metal and plastic substrates; the percentages by weight being based on weight of total resin solids in the composition.

Henkel patents UV curing antifingerprinting coating

Patent No. U.S. 7,816,434 B2 Henkel has obtained a patent for a coating material comprised of 40%-90% weight of at least one oligomeric substance selected from the group consisting of epoxy (meth)acrylates, polyester (meth)acrylates, polyether (meth)acrylates, and polyurethane (meth)acrylates, wherein the oligomeric substance is linear or branched and contains at least two unsaturated double bonds; 5%60% weight of at least one low molecular weight (meth)acrylate selected from the group consisting of monofunctional, difunctional, trifunctional and polyfunctional (meth)acrylate compounds; 0.1%-20% weight of at least one (meth)acrylate compound different from the first two containing one or more acidic groups; and 0.1%-20% weight of at least one auxiliary substance selected from the group consisting of adhesion promoters different from flow-control agents, defoaming agents, light stabilizers, dyes, pigments, biocides, fillers and photoinitiators; wherein 2%-9.7% weight, based upon total coating material, of the at least one low molecular weight (meth)acrylate is selected from difunctional, trifunctional and polyfunctional (meth)acrylate compounds; and at least one of nanopartic20 | Coatings World

ulate aluminum oxide or hydrophobic silica is present in highly dispersed form in the coating material and the components are selected such that the coating material has a viscosity of less than 1000 mPas within a temperature range of 0°C to 90°C.

Valspar patents high performance aqueous coating

Patent No. U.S. 7,812,090 B2 Valspar Sourcing, Inc. has been granted a patent for a coating composition comprised of a silane-functional, acetoacetoxy-functional multistage latex polymer, wherein the multistage latex polymer is comprised of at least one silane-functional soft stage having a Tg between approximately −65° C and 30° C and at least one hard stage having a Tg between 30° C and 230° C.

Cytec patents radiation curable low gloss powder coating

Patent No. U.S. 7,816,420 B2 Cytec Surface Specialties has obtained a patent for a radiation curable powder coating composition comprised of as a binder a mixture of 30%-90% weight of one or more (meth)acryloyl group containing amorphous polyester resins having an unsaturated equivalent weight of more than 700 g/double bond and an isophthalic acid content of from 65%-100% weight, calculated on all the acids, and 10%-70% weight of one or more (meth)acryloyl group containing acrylic copolymers having an unsaturated equivalent weight of up to 1250 g/double bond, based on the total weight of the binder, wherein the (meth)acryloyl group containing amorphous polyester resins are obtained

from the corresponding carboxyl group containing polyester, which is the reaction product of an acid constituent which contains from 65-100 mole percentage of isophthalic acid and of a glycol constituent which contains from 20-100 mole percentage of neopentyl glycol, wherein the (meth)acryloyl group containing acrylic copolymers are obtained from the corresponding carboxyl group containing acrylic copolymers, and wherein the carboxylic group containing polyester is in admixture with the carboxylic group containing acrylic copolymer and the admixture is further reacted with a monomer having a (meth)acryloyl group and an epoxy functional group.

BASF patents coating for adhesion to olefinic substrates

Patent No. U.S. 7,816,449 B2 BASF Coatings has been granted a patent for a coating composition comprised of film forming components and an adhesion promoter comprised of an olefin-based polymer having a functionality thereon that is essentially unreacted with the film forming components of the coating composition when subjected to curing conditions, wherein the film forming components comprised of a principal, film-forming resin and a melamine formaldehyde crosslinker reactive with the principal, film-forming resin when the coating composition when subjected to curing conditions; wherein the olefin-based polymer has at least one acid functional group and wherein the olefin-based polymer is a block copolymer formed by reacting a substantially saturated olefin polymer with a lactone chain-extension reagent. CW

3M wins patent cases in Canada and China 3M Co. patent lawyers scored wins on two continents over its reflective coatings used on firefighter coats. The Maplewood-based manufacturer said Tuesday that Eurtoex of Canada was ordered by Federal Court in Ottawa to pay damages to 3M and stop selling products that 3M said infringed on its Scotchlite Reflective Material Fire Coat Trim. 3M also said that a court in Shanghai ruled last month that Zhejiang Daoming Reflective Materials Co. infringed on one of 3M's patents related to the same technology.

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July 2011

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Market Reports

Global ACE coatings market shows signs of recovery

Agricultural, construction and earthmoving (ACE) equipment is big business, one that generates a significant demand for coatings. Prior to the recession, the ACE equipment coatings market, was valued at €2.1 billion generating demand of over 500,000 tons. The impact of the global recession was felt in all markets. The construction industry was worst affected and spending in real terms fell by almost 20 percent in 2009. This led to dramatic declines in both equipment orders and output. Dealers and leasing companies already held surplus stock, which placed additional pressures on the equipment manufacturers. Markets declined by as much as 60 percent in some markets, including Russia, leading to overall production output of machinery falling by around 40 percent in 2009. This resulted in considerable shrinkage in associated coatings demand. Governments set aside considerable sums of money for infrastructure and construction projects as part of their fiscal stimulus packages, intended to inject funds into key industries during the downturn. These were more effective in countries like China and contributed to stronger performance in the Asia Pacific

region, which accounts for over 55 percent of the ACE equipment coatings market. The agricultural equipment coatings segment performed comparatively better, but still witnessed declines in equipment output of around 15 percent. As a result, the value of the global market for ACE equipment coatings (including industrial trucks) in 2009 was estimated to be around €1.6 billion. As the order books of equipment manufacturers started to fill in 2010, coatings consumption increased by around three percent, and is expected to continue growth in 2011. However, a return to prerecession levels is not expected until 2015. These are the latest findings of the

Irfab Global Industrial Coatings Market 2010 – 2020 study. The full study, which will be completed later this year, focuses exclusively on industrial coatings and draws together a wealth of market data and industry comment collected through extensive interviews with all of the leading industry participants. The ACE chapter, which is available separately, provides a full review of coatings for agriculture, construction and earthmoving equipment and the impact that the recession has had on consumption profiles. The machinery covered also includes materials handling equipment. The chapter considers technology trends and market developments from a regional perspective, and in-

Source: Grant Thornton LLP (see next page)

How the 9.0-magnitude earthquake in Japan will influence the TiO2 industry By Chris Wu CCM International Ltd. At 2:46 PM JST, March 11, 2011 a massive 9.0-magnitude earthquake occurred near the northeastern coast of Japan, creating extremely destructive tsunami waves which hit Japan just minutes after the earthquake. The earthquake and tsunami have caused extensive and severe damage in Northeastern Japan (Fukushima, Iwate, Miyagi, Ibaraki, Chiba, etc.), leading to a large number of chemical enterprises shutting down, and it will also influence China’s chemical industry. Some oil refinery processing plants are shut down because of the earthquake in Japan, influencing the manufacture of basic materials such as petroleum products, olefin, arene, etc. Especially the underproduction of olefin including ethylene, propylene and arene products will have great effect on it in the future. Ports are closed due to the tsunami in Japan, which will probably influence the global sulfuric acid market. Japan is the third biggest sulfuric acid exporter, with total output of 7,500,000 tons per year, (Continued on page 24...)

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July 2011

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Market Reports

cludes information on the key country markets in both volume and value terms. Demand drivers and market dynamics of both the agriculture and construction industries are presented. The outlook presents annual volume forecasts for the next five years, with trend indicators for 2020. The Irfab Global Industrial Coatings Markets 2010-2020 study is PRA’s most ambitious and comprehensive industry review to date. For more information please contact Mais Haddadin of the PRA at +44 (0)20 8487 0800. Or visit www.pra-world.com/irfab for more information and to download sample pages from the study.

Manufacturing confidence in U.S. economy drops sharply U.S. manufacturing leaders have turned pessimistic regarding the U.S. economy, according to Grant Thornton LLP’s most recent Business Optimism Index, a quarterly survey of U.S. manufacturing business leaders. Only 40 percent believe the U.S. economy will improve in the next six months, down from 60 percent three months earlier. At the same time, 26 percent believe the U.S. economy will get worse, up from three percent. “There are many factors causing concern amongst U.S. manufacturing leaders,” said Wally Gruenes, manufacturing practice leader at Grant Thornton LLP. “Soaring energy and raw material costs and Japanese manufacturing supply chain disruptions are weighing heavily, as are unresolved U.S. debt reduction issues and a corporate tax rate that still puts the U.S. at a global competitive disadvantage. Lower effective tax rates will encourage investment and business activity, spur job creation, and ultimately increase national wealth. Tax reform should benefit the dynamic manufacturing businesses that are the backbone of American economic growth and the driving force behind expanding employment. Included in this category are many privately held businesses, the Russell 2000 and similar groups.” CW 24 | Coatings World

and the total export volume of sulfuric acid was 2,800,000 tons in 2010, which was exported to Chile, China, Philippines and India. As one of the best industrial export countries in the world, Japan has suffered this violent, which will cause visible impact to global economic and related industry. Especially for China, the biggest negative impact to related industry and international business is reflected in imports. The price of TiO2 has continued to rise since the beginning of 2010 in China. In 2011, due to the lack of raw materials and price increases, the quotation of titanium concentrate is rising in Vietnam, and the price increase of sulfuric acid, etc., makes the cost of TiO2 to increase. According to CCM’s data, in December 2010, Japan exported 7,331 tons of TiO2, up by 37.1 percent compared with last month. As a result, Japan’s TiO2 export volume has boosted to 70,673 tons in 2010, up by 50.3 percent year on year. The soaring export volume of Japan's TiO2 indicates the demand for TiO2 has rebounded, especially in Asia Pacific. As one of Japan's most important TiO2 export destinations, China imported 31,857 tons of TiO2 from Japan in 2010, accounting for 45.1 percent of Japan’s total export volume, with an increase of 5,314 tons compared with that of 2009. However, will this situation change after the earthquake? According to Sakai Chemical Industry Co., Ltd. (Sakai), a Japanese TiO2 producer with production capacity of 60,000 tons per year, it has suffered from the damage caused by the earthquake. After the disaster, Sakai’s TiO2 facility has been halted because utilities such as electricity and water supply have been shut down since the earthquake struck. Though Ishihara Sangyo Kaisha, Ltd. (ISK), the largest TiO2 producer with production capacity of 160,000 tons per year, was not involved by this earthquake, the TiO2 industry will still be affected. On the other hand, some ports closed due to the tsunami and earthquake will influence the import and export situation in Japan. Moreover, the violent earthquake will lead to a large reconstruction effort. Can ISK satisfy such a large rebuild demand? As the largest producer of building material and steel, as well as the largest building market, China’s related industries are expected to obtain a certain market share. Most of the building materials in Japan are imported from China. How much building material of TiO2 will be needed to satisfy the demand of billions of reconstruction dollars? According to one Indian titanium feedstock suppliers, some limenite orders will be suspended, as TiO2 production in Japan is to be impacted due to the power shortage after the earthquake. Hence, they can divert some volume for China’s end user in April 2011. As a result, the price of titanium feed stock is expected to restart to some extent. Japan’s reconstruction effort after the earthquake will certainly boost TiO2 demand in Japan, which will shrink ISK’s TiO2 export volume. Moreover, the halt of Sakai will further intensify the shortage of TiO2 worldwide, especially in Asia Pacific. As a result, TiO2 price is expected to witness a faster increase. CCM International Ltd. is dedicated to market research in China, as well as the Asia-Pacific Rim and global markets. With a staff of more than 150 professionals CCM offers market data, analysis, reports, newsletters, buyer-trader information and import/export analysis all through its new proprietary product ValoTracer. For more information go to CCM’s website at www.cnchemicals.com, or contact [email protected].

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July 2011

International Coatings Scene

China

China’s Architectural Coatings The Forgotten Market

Riding China’s unprecedented home construction growth is at best a short-term strategy. What happens when this growth levels out or worse, declines?

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by Dan Watson China Correspondent [email protected] ow would you measure success in a market that just a handful of years ago did not exist? No, I’m not talking about the latest electronic gizmo or the latest social network. The market I am referring to is classical Architectural Coatings in China. Several China-based coatings producers claim enormous success in that market. Is their claim genuine? Is their success long term sustainable? Are they leaders or followers in terms of the real drivers for this market? The real answer to these questions may rest with how they might define success. No one can deny that China has been the clear winner in the economic development race. They are now number two in the world and are projected to overtake the U.S. in the

H

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next few years. China has experienced over two decades of high economic growth, which has been fueled by the consecutive increases of industrial output, consumer consumption and capital investment. China’s GDP has been growing at 9.8 percent per annum (NOTE: In an effort to control inflation the Central Government has indicated that growth in the immediate future should be throttled back to about 7.5 percent). National industry output has been advancing at 15 percent annually and will continue to sustain a strong growth for the remainder of this decade. As a result, the fast-growing middle class is creating an enormous consumer society. As the fastest-growing economy in the world, China has attracted the attention of investors and corporations around the world for the last two decades. The result of this phenomenal growth is that today China is regarded as the world’s largest producer and consumer of coatings with a total coatings production exceeding 9.5 million metric tons. July 2011

China

With the evolution of a middle class, over the past decade 400 million Chinese families have experienced the historic drive to pursue the universal dream of home ownership. This drive towards home ownership has given rise to an unprecedented expansion in home construction, which in turn has resulted in a significant growth in architectural coatings. Although there is no exact measurement of the size of this market it is estimated that in 2010 the architectural market in China was about 3.5 million metric tons. It is further expected that it will grow at a rate in excess of eight to 10 percent over the next five years. However, there is a caveat with this projection, i.e., the home construction expansion will continue at its present rate. Since 2004, the largest architectural segment has been interior water-based coatings. In 2010 that market was estimated to be one million metric tons. The overall improvement of per capita income for the average Chinese individual has allowed more families to become homeowners. Until recent times, the government and banks were highly supportive of individual home ownership. Due to the global economic downturn Chinese banks have backed off in their lending, which has slowed the housing development compared to just a few years ago.

What DIY market? On the surface, the architectural coatings statistics sound like a good thing for coating producers. Unfortunately, many segments of the traditional coatings market in China are not well developed. The Chinese architectural market is highly competitive and extremely diffuse. It is estimated that there may be as many as 8,000 paint producers inside China at least half of which who produce an architectural coating. Unlike industrial coatings such as automotive coatings or inks, there is an absence of rigorously enforced quality standards for architectural coatings in China. As a result, the market is beset with a wide range of product composition, quality and performance. In addition, there is essentially no DIY coatings market in China. The market is completely July 2011

controlled and managed by contract painters whose objectives and positions are not in sync with either the paint producer or the homeowner. If we review strong, well-defined and well-managed architectural coatings markets around the globe it is noted that growth and stability cannot exist without an established DIY market whereby producers and users are in sync. In other words the primary drivers in most successful architectural markets tend to be homeowners, not contract painters.

“If we review strong, well defined and well managed architectural coatings markets around the globe it is noted that growth and stability cannot exist without an established DIY market whereby producers and users are in sync.” Although there are well-known international coatings companies established inside China the route to market is essentially through contract painters, not through homeowners. This absence of homeowner participation has given rise to confusion about what is really needed by the Chinese architectural market.

Homeowners vs. contractors Historically, the average Chinese citizen has not invested a lot of money in either improving the basic appearance of their home nor in the use of coatings to protect its various substrates. That position has changed somewhat over the past www.coatingsworld.com

International Coatings Scene

decade and was significantly reinforced by the Beijing Olympics. In an effort to impress the visitors to the Olympics and of course, the rest of the TV viewing world, the Chinese Government pushed a massive coatings project of unprecedented size and scope. Offices, manufacturing plants and homes were all painted in a variety of dazzling colors designed to impress the viewer. Even today various cities in China not only dictate that certain buildings be painted but what color is to be used. In the countryside, many small towns have instituted regulations regarding the painting of homes and offices. Due to the historical cultural influence in China, this entire painting requirement falls in the hands of “Contract Painters” and along with this fact comes a host of problems. The average Chinese homeowner contracts with a coatings company to do their painting. The company would visit with the homeowner, submit an estimate of the amount of paint that is to be used and in some instances they would work with the homeowner in choosing colors. The concept of flat versus eggshell, or eggshell versus gloss may come up but the question of what type of coating to use—interior or exterior, water-based or solvent-based— is generally not discussed nor what resin type such as vinyl, acrylic, polyurethane, alkyd, etc. What generally happens is that the contractor will estimate far more paint than is required to do the job. Even so, the contractor will often add water or solvent, depending on the system used, to the paint in an effort to extend coverage and minimize the amount of paint that has to be used. The contractor will then take the overage paint and use it in other jobs or will sell it to smaller, less organized contractors. By adding additional water or solvent to the coating the ultimate performance of the coating is compromised. Unfortunately, the Chinese architectural market is primarily based on esthetics and price, not performance. In some instances the coatings that are eventually applied to homeowner dwellings are so poor that the locals have coined the term “wall cancer” signifying that the coatings are terminally sick and will eventually die. Coatings World | 27

International Coatings Scene

China

Work activity at a construction site in Beijing, China. New houses are continuously built in China's big cities. The Forgotten Market for the coatings producers in China is a genuine understanding of the true drivers that will keep them successful with their future strategies.

All of this less than ethical behavior by the contract painter could be avoided if the average homeowner was more involved in the process and more educated about architectural coatings. Several of the larger, international coatings producers have attempted to solve this problem by offering their paints through in-house paint contractors. Unfortunately, the outcome achieved has not been as hoped.

Mature markets by comparison In the U.S. and Europe the architectural coatings market has undergone significant changes over the years. The U.S., like China, used contractors to both produce and apply coatings for many years. With the advent of water-based coatings there was a conscious effort on the part of the paint producers to bring the individual homeowner into the process. Admittedly, most of this desire to get the homeowner involved was based on a belief that the coatings producer could extract more profit from the homeowner than working through a contractor. That assumption proved to be correct. There is still a contractor painting market in the U.S. but it is small compared to the total DIY market. 28 | Coatings World

China’s architectural market appears to be driven by a combination of new home construction and government policies regarding the need to paint a given structure. Unfortunately, neither of these two drivers are long-term sustainable. As we have seen in the U.S., economic conditions have reduced new home construction by a considerable amount. What has saved the U.S. architectural coatings market is the fact that there exists a strong DIY market and that over the years homeowners have been educated as to the need to protect and improve the appearance of their single largest investment. If a homeowner cannot acquire a new home they often invest in the renovation of their existing home. In addition, through several years of intense education and development of the DIY market the U.S, homeowners today are provided with a wide variety of highly crafted products that make it easy for them to carry out the actual painting activity themselves and removes the added cost of a contractor. In addition, through working closely with these homeowners over the years, the coatings manufacturers have been able to develop formulations that meet the real demand of the ultimate user such as issues involving odor, ease of clean up, resistance www.coatingsworld.com

to various products, touch up ability, nonflammability and no lead levels. The same situation has happened in Europe. However, in China, the development of the architectural coatings market has not progressed along the same line as in the U.S. and Europe. Mostly this is due to the fact that this market is in many ways still new to the Chinese consumer. In China the architectural coatings market is comprised of a large amount of solvent-based coatings and in some areas toxic lead is still used as a pigment. What needs to happen in China is for the coatings producers to cultivate a different route to market rather than through traditional contract painters. As mentioned earlier, the objective and strategies of contract painters are not in sync with the coatings producers or the homeowners, yet they are the primary route to market for coatings producers. AkzoNobel, through its acquisition of ICI, has done a remarkable job in an attempt to bridge the gap between the coatings producer and the ultimate customer, the homeowner. Still, even with numerous outlets a large amount of architectural coatings provided by most producers still flow through contract painters rather than be purchased by the homeowner. July 2011

China

The Forgotten Market The good news is that the emerging middle class in China appears open to take on a more aggressive participation role in the area of architectural coatings. The question to ask is, “Are the coatings manufacturers poised to take advantage of this apparent market change”? Another way to phrase this question is, “Do the coatings manufacturers understand what the real drivers are for the Chinese Architectural Coatings market”? Reading various comments from many of the coatings producers it would appear that they have one thing in common; they tie their remarkable success to the unprecedented expansion of home construction inside China. In other words, their definition of success appears to be tied to a continuation of the unprecedented home construction in China. If we look at history, tying eventual success to a market driver that is not fully understand, was not developed nor managed is at best dicey if not fool hardy. I fear that the majority of the coatings pro-

July 2011

International Coatings Scene

ducers have forgotten what the real drivers for the architectural coatings market happen to be. Most of us understand that when something happens quickly, comes out of nowhere and takes off like a rocket that it can just as easily go away as quickly as it appeared. The Forgotten Market for the coatings producers in China is a genuine understanding of the true drivers that will keep them successful with their future strategies. Riding the unprecedented home construction growth is at best a short-term strategy. What happens when this growth levels out or worse, declines? Given the current makeup of the Chinese architectural market there doesn’t appear to be a good back up plan. Unless the coatings producers in China take on a more aggressive leadership role rather than ride on the coattail of other happenings there will be a day of reckoning and it won’t be pretty. Innovation is often tied to the needs of the marketplace. Sometimes when the market is expanding rapidly it’s difficult to stop

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and take a pulse beat to determine how healthy the market happens to be and what its needs are. I fear this is happening in China today in regards to architectural coatings. As many coatings companies are busy “minting money” so to speak, they have not recognized that they are not leading the market but rather they are simply riding the coat tails of events over which they neither understand nor control. It is time for these coatings producers to return to doing what they know made them successful in other markets. It’s time to return to the basics of the Forgotten Market. It’s time to take on the responsibility of educating the consumer, of leading the development of the architectural coatings market so that in the longterm the coatings producers and the consumers of coatings, or homeowners, are in sync with each other. Until this market leadership change happens the real driver in the Chinese architectural coatings market will be more opportunistic in nature than strategic. CW

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International Coatings Scene

Europe

Russia’s Coatings Industry Regains Stride by Sean Milmo European Correspondent [email protected] ussia is once again one of the fastest growing coatings markets in Europe with the strong likelihood that it will soon be the region’s largest by value. However there are doubts about whether it will be able to keep up the pace of expansion. Another key question is how much Russian coatings producers will be able to take full advantage of growth of their domestic market in the face of intense competition from coatings companies elsewhere in Europe, particularly the European Union. The country with a population of 142 million has been vulnerable to global economic downturns because of its reliance on massive gas reserves and to a lesser extent oil production capacity. Russia’s economy tends to do well at times of rising oil and gas prices, but it struggles when oil and gas demand is plunging. When the world went into recession in 2008, the Russian economy collapsed. Gross domestic product (GDP) whose level is the main influence on coatings demand dropped by almost eight percent in 2009, with industrial production diving by 11 percent and manufacturing by 16 percent. However the impact on the coatings sector, currently worth around $4 billion, was even greater than that on GDP levels. Coatings production went down in 2009 by almost 15 percent and demand by 17 percent, according to official Russian statistics. The economy has now bounced back. GDP rose by 3.7 percent in 2010 and is expected to increase at around four percent in 2011 and the following year. But with coatings the trends have been reversed with production and demand rising well above GDP rates. Coatings production soared by 22 percent in response to a 27 percent rise in total consumption to 1.1 million tons, close to its pre-recession levels. Paint imports went up by 25 percent while exports dropped by 21.5 percent as booming domestic demand sucked in coatings normally destined for foreign markets.

R After sharp falls in coatings volume and value during the recession, Russia’s paint market is once again poised to become the largest in the region.

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The market has continued to grow at a strong pace in 2011 although not as rapidly as last year. “ The main driving force behind the growth is the growth of GDP and the stable rouble (the Russian currency),” said Janno Jaju, senior vice-president responsible for the Russian business of Tikkurila, the Finnish coatings company, a third of whose annual sales are now in Russia. Imports made up around 25 percent of the Russian coatings market last year, while in volume terms the share is around 20 percent. In addition a large amount of coatings raw materials are imported because of the shortage of production capacity in resins, pigments, additives and other speciality chemicals. An increasing proportion of local coatings are made in plants owned by foreign companies, mainly from the EU from where investment in coatings and related sectors has steadily been increasing in recent years. This investment has given foreign producers a strong position in the Russian market, particularly in sectors for added-value products. Tikkurila, which has two plants in Russia and a third in neighbouring Ukraine, is market leader in decorative paints with an 18 percent share, well ahead of the Russian producer Empils in second position with seven percent. In addition to investing in production facilities, the Finnish company has put money into marketing, distribution and training of staff to strengthen its services backup. It is the most well known brand in Russia with an awareness of 40 percent. In decorative paints and industrial coatings, in which it has a smaller presence, it is focusing like other foreign companies on the premium end of the market where growth is fastest.“(We) believe demand is gradJuly 2011

Europe

ually moving towards high quality products in the medium-to-long term due to increasing quality expectation,” said Paju. With its global Dulux and Sadolin brands, AkzoNobel also has a big presence in the Russian premium decorative paints sector while Germany’s Caparol is another player in the sector in which Russian producers have made virtually no inroads. AkzoNobel has also been expanding sales in a range of other sectors in Russia, such as marine, protective, powder, wood and automotive coatings. “(We) plan substantial growth of our activities there in the years to come,” said a company official. Hempel, the Danish-based industrial and decorative paints producer, is the latest EU company to invest in its first manufacturing facility in Russia where it has been building up a distribution and marketing infrastructure. “We’ve had a very good experience with our organization in Russia and (we) have become well established in the market,” said Kim Junge Andersen, Hempel’s chief financial officer. “This plant will significantly increase our ability to service our customers in the region.” In most coatings segments Russian producers have tended to concentrate on the low and medium priced categories. They have also taken advantage of their relatively large-scale production plants to export coatings and raw materials to neighbouring central Asian countries. When domestic demand slows down, exports tend to go up as a proportion of output. In 2009 they accounted for around 12 percent of production, while during last year’s rapid growth in consumption they fell to 7.5 percent. However Russian coating companies are gradually becoming more competitive in their own market as they invest in new process and product technologies. Empils based at Rostov-on-Don has been modernizing its production plants and upgrading its coatings in the decorative, wood and pipe coatings sectors. In particular it has been increasing its capacity for waterborne coatings for which there has been strong demand in Russia. Last year its coatings sales went up by six percent while those for water-dispersion paints rose by 30 percent. The comJuly 2011

International Coatings Scene

pany is expecting paints and varnish sales to rise by around 15 percent in 2011. Russian Coatings Corp., Yaroslavl, another leading domestic producer, says it has been making “substantial investment” in the upgrading of its existing manufacturing processes and in new production capacity, particularly in categories like waterborne and powder coatings. Last year when sales rose by 15 percent, output of waterborne and powder coatings went up by 45 percent and 64 percent respectively. The company is well positioned to exploit future growth in OEM coatings, which is likely to be the most buoyant sector for higher value paints. Since 2006 it has had a joint venture in automotive coatings with DuPont, which has given it access to Western technology. The Russian vehicle market is expected to regain its pre-recession peak next year after sales plummeted by 50 percent in 2009. It will then be on track to become Europe’s largest vehicle market, according

to a recent study by AutomotiveWorld of the UK. Last year car sales in Russia rose by 30 percent while they are expected to rise by 20 percent in 2011. An expanding Russian construction market could potentially trigger a huge rise in volume demand for paint. But the sector has still not fully recovered from the recession with utilization rates in the Russian construction industry at only 60 percent in the first half of this year compared to the pre-crisis level of 68 percent, according to PMR Publications of the UK. The Russian government has drawn up a large-scale investment program to renovate the country’s dilapidated housing stock, a lot of which has not been repaired for decades. Housing and other investment programs will depend on oil and gas revenues. Russia’s coatings sector will be hoping that oil and gas prices at least remain steady over the next several years so that the strong demand for paints continues uninterrupted. CW

Use grind gages more consistently.

Little Joe Industries offers the ADM Automatic Draw-Down Machine for use with grind gages. The ADM automates the draw down process controlling scraper angle, speed, and force. Since these aspects are no longer operator dependent your grind gage draw-downs will be more consistent while requiring less operator training and supervision. Uses existing grind gages and scrapers from your current supplier. US and foreign patents apply. Little Joe Industries 10 Ilene Court, Suite 4, Hillsborough, NJ 08844-1922 Phone: (908) 359-5213 • Fax: (908) 359-5724 Web: www.littlejoe.com • Email: [email protected] www.coatingsworld.com

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International Coatings Scene

Latin America

Colombia, Panama FTAs To Boost Investment by Charles W. Thurston Latin America Correspondent [email protected] ending free trade agreements between the United States and both Colombia and Panama bode well for increased U.S. investments in those countries, as well as for lower import tariffs on U.S. goods shipped there, including paint and coatings. Although these two FTAs have been percolating since 2007, some U.S. officials, like Secretary of State Hillary Clinton, are full of praise for rapid ratifications. Both Colombia and Panama are particularly well suited to capture regional trade, and have long served as trade and transportation hubs. Panama, with canal traffic in the realm of 15,000 vessels per year or about four percent of global trade, already possesses the largest trade zone in the Western Hemisphere, at Colon. Similarly, Colombia has long been a trade gauntlet for the Andean countries along the U.S.-built Highway of the Americas, leading south to Ecuador and Chile, and east to Bolivia. President Obama is still negotiating with Colombia for progress in lifting trade union repression and diminishing corruption. Panama, which is a more open trading society than Colombia, also has raised U.S. concerns about corruption and banking secrecy. Still, both FTA pacts are expected to be ratified once Obama can pass legislation that will help U.S. workers who may loose jobs as a result of the agreements. Paint and coatings consumption in these two countries traditionally grows as the gross domestic product (GDP) expands. In Panama, economic growth over the first quarter of 2011 was a red-hot 9.7 percent. GDP growth in Colombia registered in the four percent range first quarter; the International Monetary Fund (IMF) has predicted that Colombia will present the third-fastest growth rate in Latin America this year, near five percent. Retail spending also is a strong indicator for future growth in paint and coatings sales, both

P

The U.S. is upping its investments in Colombia and Panama.

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for the automotive and architectural segments. In Colombia, retail sales rose over 23 percent in April, according to the government statistics agency DANE. And in Panama, where 80 percent of the GDP is based on services, retail spending is expected to parallel near-doubledigit GDP growth. Panama's $26.8 billion economy has produced a per capita income level of nearly $7,600, spread over the population of 4.3 million. It is the smallest country in Latin America in terms of population. Colombia's GDP of about $283 billion results in a per capita income level of about $8,000, according to the IMF.

“[T]he International Monetary Fund (IMF) has predicted that Colombia will present the third-fastest growth rate in Latin America this year, near five percent.” Investments in the two countries will rise on FTAs. Panama already is involved in a $5.25 billion expansion of the Panama Canal. Recent raises in risk ratings for the two countries also will help U.S. investments rise. Fitch Ratings agency recently raised the sovereign rating of Panama to BBB, at the edge of investment-grade rating. Moody's rating agency also raised its rating for Colombia to an investment grade this year. While the U.S. government debates the FTAs with Colombia and Panama, the two Latin countries are heatedly pursuing trade agreements with other countries, including Australia, Canada and China. A Canada-Panama FTA is expected to be ratified this fall. Panama, in the mean time, has signed an FTA with Peru, and is close to one with Costa Rica. CW July 2011

Troy Corporation provides paint and coatings manufacturers with the 'Key to Green Coatings' by offering ecological friendly products that are designed to meet or exceed the toughest performance standards without compromising sustainability, environmental sensitivity, or regulatory compliance. Troy is the leader in VOC and formaldehyde-free preservation and provides solutions for complex technical formulations. Troy develops and promotes sustainable technologies that satisfy wet-state and dry film material protection needs. Contact your local Troy representative to obtain your "Key to Green Coatings' and unlock your specific formulation solution.

Visit www.troycorp.com for more information.

Troy Corporation • 8 Vreeland Road • Florham Park, NJ 07932 USA • tel +1.973.443.4200 • fax +1.973.443.0843

New Products

Devoe Paint launches new product line

Devoe Regency Paint + Primer.

Devoe Paint has introduced a new product line that combines its quality latex paint with a paint-and-primer formulation to offer greater efficiency, superior durability and stain resistance for a wide range of do-it-yourself projects, according to the company. Available exclusively through more than 4,000 independent paint retailers nationwide, the new Devoe Regency Paint + Primer in One interior and exterior paint provides excellent coverage and application properties and is ideal for withstanding wear and tear in high-traffic areas. In addition, the interior paint formulation is an environmentally friendly solution that contains no volatile organic compounds (VOCs). Regency Paint + Primer interior paint is resistant to stains, mold and mildew, with enhanced washability, scrubbability and very good burnish resistance whereas the exterior paint provides resistance to cracking, peeling and color fading, is resistant to moisture and mildew, and has excellent adhesion.

International Paint launches Intergard 7020 pure epoxy coating International Paint has introduced Intergard 7020, a new dedicated cargo hold coating for all bulk carrier types. Specially designed for operators who don’t need or cannot justify the investment in the highest performing cargo hold coatings, Intergard 7020 offers good abrasion resistance and long term corrosion protection combined with many of the features normally associated with more expensive products. Available in red and grey, Intergard 7020 is an aluminum containing, low VOC, pure epoxy coating which can be applied to surfaces prepared to a minimum of Sa2. Applicable at temperatures between -50C and +350C the product has a smooth, glossy, easy clean surface, is grain certified and is ready to carry even the harshest cargoes after only 10 days cure. 34 | Coatings World

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The product range now includes Interbond 201, a surface tolerant, modified epoxy, cargo hold coating with a long in service history, new Intergard 7020, Intershield 803, an abrasion resistant pure epoxy coating with an excellent track record and Intershield 803Plus, our toughest ever cargo hold coating with exceptional impact and abrasion resistance, which was introduced last year.

Citadel Polyurea Coatings offers single component Poly100-SC Citadel Polyurea Coatings offers Poly100Single Component, a primer body coat in their series of single component polyurea (SCP) floor coatings. Poly100-SC has zero VOCs, making it an ideal solution for reducing environmental impact in both solid color and broadcast systems. Poly100-SC offers several benefits, both to contractors and their customers, over epoxy and traditional Polyurea, according to the company. Some of its more notable benefits include: unlimited pot life, zero VOC, self –leveling and fast cure. Poly100’s unique composition allows it to retain Polyurea’s usual four to eight hour walk on and 24hour return to service when applied, despite its unlimited pot-life. It also retains Polyurea’s elongation and flexibility, and remains a “green” product.

Specialty Coating Systems unveils AdPro Poly adhesion promotion technology Specialty Coating Systems has introduced a new adhesion promotion technology SCS AdPro Poly. AdPro Poly was specially engineered to solve the adhesion challenges of many polymeric materials, including polyimide substrates, enabling Parylene coatings to provide long-term reliability and protection for innovative, complex technologies, according to the company. In the electronics, medical device, automotive and military/aerospace industries, various thin-film coatings are July 2011

Diamond Vogel Paints launches 28 exterior colors Diamond Vogel Paint has launched My Haven Exterior Color Collection. This collection of 28 exterior colors honors the architecture and natural beauty of the central and western regions of the coun-

July 2011

try. The 28 trend colors are grouped into seven coordinating color palettes with suggestions for the body color, as well as trim, doors and shutters. These colors have been coordinated with today’s popular exterior finishes, such as siding, stone and brick facades, roofing and lighting fixtures. The seven collections in the My Haven series are: Dakota, River City, Santa Fe, Aspen Morning, Prairie Dunes, Northern Timber and Missouri Valley.

Spies Hecker Permasolid Low VOC Clear Coat 8096 Spies Hecker has launched Permasolid Low VOC Clear Coat 8096, a high gloss, low VOC finish from the Spies Hecker 2K-Acryl-System. This easy-to-apply clear coat is designed to deliver excellent results over solventborne and waterborne base coats, according to the company. Permasolid Low VOC Clear Coat 8096 gives body shops complete control. It provides exceptional coverage in one and half coats, enabling refinish technicians to

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New Products

utilized for surface modification, protection enhancement and biostability to enhance the overall reliability of polymeric devices. SCS has solved the problems of surface contamination, presence of oxide layers and low surface energy substrates, which can lead to poor adhesion by introducing AdPro Poly, a technology that enhances the adhesion of Parylene coating with polyimide and other polymeric substrates to a level that was not possible before. AdPro Poly has also demonstrated improved stability at elevated temperatures making it an excellent adhesion promotion system for harsh environment applications and is biocompatible for the medical device applications.

apply the clear coat continuously without having to flash between coats, yet it is versatile enough to allow a 2-coat process to be used if desired. This fast, reliable clear coat also offers excellent vertical stability improves Spies Hecker Permaresults in the spray solid Low VOC Clear booth; its high Coat 8096 gloss gives vehicles an outstanding finish and long-lasting durability.

Dunn-Edwards introduces Aristowallpremium interior enamel Dunn-Edwards has introduced Aristowall, a premium interior enamel product line that has the performance of traditional oil-based paint but the added convenience

Coatings World | 35

New Products

of water cleanup. What gives Aristowall the application and appearance characteristics of an oil-based paint is its advanced waterborne alkyd technology. Aristowall is a water-oil hybrid product that is ideal for interior walls, trim, molding, cabinets, doors, kitchens, baths and high traffic areas. It provides excellent adhesion, hide, block resistance, scrub resistance and reduced yellowing, according to the company. Aristowall also has a balance of flow and leveling and sag resistance and has excellent open time. Like all other Dunn-Edwards products, Aristowall is eco-friendly and ethylene glycol (EG)-free. The resin used in this formula uses the latest green technology made from renewable resources. Aristowall is ultra-low VOC at 50 grams/liter, and has very low odor both during and after application.

Modern Masters Metal Effects Permacoat Xtreme Sealer Modern Masters, a manufacturer of highend specialty paints and decorative finishes, has added Permacoat Xtreme Sealer to its Metal Effects’ family of products. Perma-

coat Xtreme is an all-in-one water base, clear, non-yellowing, protective sealer and topcoat. It is designed to work over Metal Effects Rust Activated Iron Paint, a reactive water-base paint which contains metal particles that when activated with Metal Effects Rust Activator speeds up the oxidization process creating the weathered appearance of Rusted Iron in a matter of minutes. This innovative new clear sealer chemically arrests the rust finish, minimizing any further corrosion, and then selfcrosslinks to create a weather resistant barrier. Permacoat Xtreme will now allow painters to seal and topcoat in just one step, saving time and money. This new advanced product is available in four ounce, 16 ounce, and gallon container sizes.

Ace Paint to launch new paint plus primer in one Ace Paint, a division of the Ace Hardware Corporation, is launching its first paint and primer in one. The line of 100 percent acrylic, low-VOC paint will be called Clark + Kensington to commemorate Ace’s first retail location on Chicago’s Clark Street and the site of their worldwide headquar-

PPG offers coatings for biofuel storage tank lining applications

ters. The complete line of Clark + Kensington paint and primer in one will be available in matte flat, flat, eggshell, satin, semi-gloss and high-gloss enamel finishes.

Pratt and Lambert Paints launches high performance industrial maintenance coatings Pratt and Lambert Paints now offers a full line of coatings for light to medium duty industrial applications. The new line includes six product categories which satisfy most industrial maintenance and new construction applications:primers, dry falls, enamels, epoxies, urethanesand floor coatings. According to Pratt and Lambert, its industrial maintenance line meets the needs of nearly any facility, including schools, offices, factories, restaurants and hospitals. Along with a full selection of basic, fundamental industrial products, Pratt and Lambert’s industrial maintenance line now offers acrylic pre-catalyzed waterborne epoxy. Pratt and Lambert does offer conventional two-part water- and solvent-based epoxies as well, presenting facility managers with a number of options. CW

petrochemical industry requirements for the storage of biofuels, including ethanol fuel blends. In addition to holding crude oil at temperatures of up to 194 degrees Farenheit, Novaguard 890 coating can be used to store aggressive biofuels, such as gasolines with five to 95 percent ethanol. Like Novaguard 840 coating, it has excellent pit-filling characteristics and can be used as a reinforced lining for refurbished tank bottoms. Solvent-based Phenguard 930/935/940 coatings provide a lining system for tanks storing the broadest range of chemicals and refined products, including highly aggressive materials such as methanol, ethylene dichloride (EDC), caustic sodas and fatty acids.

PPG Industries' protective and marine coatings business has introduced Novaguard, Phenguard and Sigmaguard CSF coatings for petrochemical and biofuel storage tank lining applications in the U.S. The addition of solvent-free Novaguard and Sigmaguard CSF coatings and of solventborne Phenguard coatings provides storage tank owners and maintenance engineers with a comprehensive range of PPG tank lining solutions for all types of chemical storage. Sigmaguard CSF 650 coating is a solvent-free, single-coat, amine-cured epoxy lining for tanks that contain aliphatic petroleum products or crude oil at temperatures of up to 140 degrees Farenheit. It can be used to line new tanks and repair pitting corrosion damage or as a reinforced lining for refurbished tank bottoms. Solvent-free Novaguard 840 coating is a single-coat, novolac phenolic epoxy for tanks storing solvents, chemicals, refined fuels and crude oil at temperatures of up to 194 degrees Farenheit. As a maintenance or repair coating, it is well suited for filling difficult "omega" pit holes. PPG has added Novaguard, Phenguard and Sigmaguard CSF coatings to its Novaguard 890 coating is a solvent-free, single-coat, portfolio of tank lining solutions and they are designed to protect against novolac phenolic epoxy lining that meets emerging all types of chemical storage. 36 | Coatings World

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July 2011

'ƌĞĂƚ/ŶĚŝǀŝĚƵĂůůLJ͘džĐĞƉƟŽŶĂůdŽŐĞƚŚĞƌ͘ As with pie à la mode, when two products with long track records come together, such as WƌŽdžĞůΠ ƉƌĞƐĞƌǀĂƟǀĞƐ ĂŶĚ Omadine® ĂŶƟŵŝĐƌŽďŝĂůƐ,LJŽƵŐĞƚĂŶĞdžĐĞƉƟŽŶĂůƌĞƐƵůƚ͗

Proxel®WůƵƐWƌĞƐĞƌǀĂƟǀĞ dŚŝƐƵŶŝƋƵĞĐŽŵďŝŶĂƟŽŶŽīĞƌƐĂĚƵĂůŵŽĚĞŽĨĂĐƟŽŶĨŽƌ ŝŶŚŝďŝƟŶŐŵŝĐƌŽďŝĂůŐƌŽǁƚŚŝŶůĂƚĞdžĞŵƵůƐŝŽŶƐ͕ǁĂƚĞƌͲďĂƐĞĚ ƉĂŝŶƚƐ͕ ĂĚŚĞƐŝǀĞƐ ĂŶĚ ƉŝŐŵĞŶƚ ĚŝƐƉĞƌƐŝŽŶƐ Ͳ ƉƌĞǀĞŶƟŶŐ ĚŝƐĐŽůŽƌĂƟŽŶ ĂŶĚ ƉƌŽǀŝĚŝŶŐ ƚŚĞ ĞdžƚƌĂ ƉƌŽƚĞĐƟŽŶ LJŽƵ ĂŶĚ LJŽƵƌĐƵƐƚŽŵĞƌƐŶĞĞĚĂŐĂŝŶƐƚŵŽůĚ͕ŵŝůĚĞǁĂŶĚďĂĐƚĞƌŝĂ͘ KƚŚĞƌĨĞĂƚƵƌĞƐŝŶĐůƵĚĞ͗ ͻŽůŽƌͲƐƚĂďůĞĨŽƌŵƵůĂƟŽŶƐ ͻƵĂůͲĂĐƟŽŶƉƌŽƚĞĐƟŽŶ ͻĞƌŽsKƐ ͻD/dͬD/dĂŶĚĨŽƌŵĂůĚĞŚLJĚĞĨƌĞĞ ͻ>ŽŶŐͲƚĞƌŵƉƌĞƐĞƌǀĂƟŽŶ ͻƌŽĂĚͲƐƉĞĐƚƌƵŵĂĐƟǀŝƚLJ

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ƌĐŚŝŽĐŝĚĞƐ dĞů͗ϴϬϬ͘ϱϮϯ͘ϳϯϵϭ ŵĂŝů͗ƐĂůĞƐΛĂƌĐŚďŝŽĐŝĚĞƐ͘ĐŽŵ hƐĞďŝŽĐŝĚĞƐƐĂĨĞůLJ͘ ůǁĂLJƐƌĞĂĚƚŚĞůĂďĞůĂŶĚƉƌŽĚƵĐƚŝŶĨŽƌŵĂƟŽŶďĞĨŽƌĞƵƐĞ͘ . ΎdŚŝƐƉƌŽĚƵĐƚŝƐŶŽƚŵĞĂŶƚĨŽƌĨŽŽĚĂƉƉůŝĐĂƟŽŶƐ ΎdŚŝƐƉƌŽĚƵĐƚƉƌŽǀŝĚĞƐƉƌĞƐĞƌǀĂƟǀĞƉƌŽƉĞƌƟĞƐƚŽƉƌŽƚĞĐƚƚŚĞƉƌŽĚƵĐƚŽƌĐŽĂƟŶŐ ΎƌĐŚŝŽĐŝĚĞƐŝƐĂďƵƐŝŶĞƐƐƵŶŝƚŽĨƌĐŚŚĞŵŝĐĂůƐ͕/ŶĐ͘ Ύ^ŽŵĞƌĐŚΠďŝŽĐŝĚĞƐŵĂLJŶŽƚďĞƌĞŐŝƐƚĞƌĞĚŽƌƌĞŐŝƐƚĞƌĞĚĨŽƌŽŶůLJĐĞƌƚĂŝŶƵƐĞƐŝŶLJŽƵƌĐŽƵŶƚƌLJ

Business Corner

Strategies & Analysis

Role Change in Marketing

Herein we explore the evolving role of marketing in the Internet Age. The first of a twopart series.

by Phil Phillips, PhD Contributing Editor [email protected] ver the next couple of years, as it responds to monumental changes in the marketplace, we will witness as well as be a part of significant changes that will affect the role of our marketing leaders in the coating, paints, adhesives, sealants and specialty chemicals industries. In fact, all other management positions will appear to “stand still” relative to the marketing role. As marketers, we will be forced to broaden our marketing stance and truly embrace the whole value change within which we participate. The two legs of this three-legged stool driving these dramatic changes are the Internet and evolving distribution channel influ-

O

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ence models, which deeply change the way the ultimate end-consumers research and buy products. The third leg of the stool is a third party such as bloggers and the creators of user-generated media, which are having increased influence on the entire corporation and its reputation. The ultimate task marketers face is gaining increased influence within their respective companies and assist in searching out and successfully meeting unique needs within an ever more diverse and global customer base. Considering these market dynamics collectively, they tend to force the transformation of not just the marketing function but every other function within the company itself. To be successful this new set of market dynamic changes will require two fundamental but reflective considerations: • CEO and board recognition for and support of an expanded role for the marketing July 2011

Strategies & Analysis

head; and • A determination if the company has the right person heading up this critical marketing role. Too often upper management has limited the breadth of the marketing person’s role while concurrently, pressing him/her to achieve extraordinary growth with more effective sales and marketing efforts, creating internal frustration at both levels in the process. This frustration has caused a turnover rate considerably higher at the top marketers’ spot versus C-suit peers. The responsibility of the Chief Marketing Officer’s (CMO) broadening efforts must include: • Leading change efforts across the whole corporation. • Becoming more active in shaping the company’s public profile. • Assisting in managing the complexity. • Building new capabilities within the marketing department. The corollary to the “musts” listed

above for the CMO is the capabilities of the CMO him or herself: • Is he/she the right person for the job. • Does he/she understand fully how customers are changing. • Does he/she understand that he/she must become more involved in developing new marketing capabilities across the company.

Push versus pull The days of “push” marketing as a dominate model are rapidly coming to an end. It is being replaced by “pull” marketing techniques augmented by the internet. People are researching before they buy. Automobiles, trucks, farm equipment, electronics, vacations, insurance and clothes are a few products/services that are researched heavily before buying. Research leverages a more informed and intelligent buyer who knows what they want and where to get it most efficiently. This “new buyer” is “pulling” items through the

Business Corner

market rather than, in the not-so-olddays, allowing themselves to being “pushed” into a buy situation. The quandary a marketer faces within the dynamics of change just described is in the time-phasing life cycle of a product and all the detailed elements that encircle that product. Because the end consumer can make decisions precisely and quickly via their own research, marketers must face the dynamic of new product introduction and product obsolescence curves becoming constantly shortened. Since product life cycles will become less, new products will fill the gap. Therefore, the pan-corporation must be totally in tune with these shortened cycles in order to manage the changes in product design, distribution, inventories, communication techniques, et cetera, in order to stay competitive. Next month we’ll discuss pattern changes in buying behavior and the increased role of third parties. CW

Successful Strategies for Decision-Makers

CHEMARK THE

CHEMARK CONSULTING GROUP Chemark Consulting Group is a 30-year-old management consulting firm that concentrates on tactical & strategic activities surrounding all industries pertaining to coatings, adhesives, sealants, resins, polymers and additives. Since 1975, its global clients include product formulators, raw materials and application equipment suppliers and end-users.

Core Competencies Value Implications for CLIENTS • Value Systems Analysis • Customer Relationship Management • Market Integrity Assessment • Position, Growth, Competitive, Image Analysis • New Business Development • Market Research • Strategy Business Assessment & Planning

COATINGS ADHESIVES SEALANTS & SPECIALTY CHEMICALS

230 N.Bennett St., Ste. 3 • Southern Pines, NC 28387 910-692-2492 • E-mail: [email protected] Web Site: chemarkconsulting.net Partner Offices: Dorking, ENG • Research Triangle Park, N • Detroit, MI July 2011

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Coatings World | 39

Top Companies Report nce again, Coatings World brings the industry The Top Companies Report—the only truly global ranking of the top manufacturers of paints, coatings, adhesives and sealants. Our editorial staff has spent long hours researching the industry to provide you with the most accurate ranking of paint and coatings manufacturers operating in the global industry. Rankings are based on annual sales in U.S. dollars. For companies based outside the U.S., sales are translated into U.S. dollars using exchange rates from the company’s fiscal closing date. For privately held companies, our staff interviews different industry sources to come up with an accurate estimate of annual sales. All told, we profiled 86 companies in this report. All have sales of $100 million or more annually. Our Top Companies Report is intended to provide our readers with a snapshot of the industry’s most influential players. We hope you will come away with a clearer insight into the future of this truly global and always evolving industry. Also be sure to check out the report at CoatingsWorld.com for more in depth profiles of the Top Companies. If you are a paint, coatings, adhesives or sealants manufacturer with sales of $100 million for fiscal 2010 and would like to be included in our Top Companies Report, let me know and I will add your company to the online version. I look forward to hearing from you.

O

-Tim Wright Editor

2011 Top 20 01 AkzoNobel • 02 PPG • 03 Henkel • 04 Sherwin-Williams • 05 DuPont 06 BASF • 07 RPM • 08 Valspar • 09 Kansai Paint • 10 Nippon Paint 11 Sika • 12 Jotun • 13 Asian Paints • 14 Comex • 15 Masco • 16 DAW 17 HB Fuller • 18 KCC • 19 Hempel • 20 Chugoku Marine Paints

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July 2011

bre a th e e a s y.

Have you looked at vinyl-based resin technology lately?

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2011 Top Companies 1. AkzoNobel (The Netherlands)

$13 billion

44. Teknos Group Oy (Finland)

$285 million

2. PPG (USA)

$10 billion

45. Flugger Group (Denmark)

$275 million

3. Henkel (Germany)

$9.7 billion

46. Dyrup (Denmark)

$273 million

4. Sherwin-Williams (USA)

$6.5 billion

47. TOA Group (Thailand)

$270 million

5. DuPont (USA)

$3.8 billion

48. Dunn-Edwards (USA)

$265 million

6. BASF (Germany)

$3.42 billion

49. Shanghai Coatings (China)

$255 million

7. RPM (USA)

$3.41 billion

50. JW Ostendorf (Germany)

$251 million

8. Valspar (USA)

$3.0 billion

51. Shoei Chemical (Japan)

$250 million

9. Kansai (Japan)

$2.8 billion

52. Kunsul (South Korea)

$249.4 million

10. Nippon (Japan)

$2.5 billion

53. Rock Paint (Japan)

$249 million

11. Sika (Switzerland)

$2.3 billion

54. Tiger Coatings (Austria)

$238 million

12. Jotun (Norway)

$2.0 billion

55. Kelly-Moore (USA)

$235 million

13. Asian Paints (India)

$1.9 billion

56. Renner Sayerlack (Brazil)

$210 million

14. Comex (Mexico)

$1.6 billion

57. Shinto (Japan)

$207 million

15. Masco (USA)

$1.5 billion

58. Spraylat (USA)

$205 million

16. DAW (Germany)

$1.4 billion

59. Pacific Paint Boysen (Philippines)

$200 million

17. HB Fuller (USA)

$1.35 billion

60. Kikusui Chemical (Japan)

$194 million

18. KCC (South Korea)

$1.3 billion

61. FLH Group (Switzerland)

$190 million

19. Hempel (Denmark)

$1.2 billion

62. Yung Chi (Taiwan)

$187 million

20. Chugoku Marine Paints (Japan)

$1.1 billion

63. Grebe Group (Germany)

$180 million

21. Beckers (Sweden)

$1.05 billion

64. Tohpe (Japan)

$176,237 million

22. Materis (France)

$1.0 billion

65. Asahipen (Japan)

$176,179 million

23. SK Kaken (Japan)

$831 million

66. Tambour (Israel)

$176 million

24. Dai Nippon Toryo (Japan)

$828 million

67. Inver Spa (Italy)

$170 million

25. Tikkurila (Finland)

$781 million

68. Industrias Titan (Spain)

$168 million

26. Lord Corp. (USA)

$765 million

69. Whitford Corp. (USA)

$165 million

27. Shawcor (Canada)

$728 million

70. Yips Chemical (China)

$165 million

28. DuluxGroup (Australia)

$698 million

71. Boero Group (Italy)

$160 million

29. Benjamin Moore (USA)

$695 million

72. NOF Metal Coatings (France)

$159 million

30. Forbo (Switzerland)

$562 million

73. Yasar (Turkey)

$155 million

31. Helios (Slovenia)

$386 million

74. ICA Group (Italy)

$150 million

32. Freeworld Coatings (South Africa)

$379 million

75. Empils (Russia)

$144 million

33. Berger Paints (India)

$378 million

76. Russian Coatings (Russia)

$140,440 million

34. Nihon Tokushu (Japan)

$369 million

77. Natoco (Japan)

$140,049 million

35. Ennis Traffic Solutions (USA)

$355 million

78. Diamond Vogel (USA)

$140 million

36. 3M (USA)

$350 million

79. Chokwang (South Korea)

$133 million

37. National Paints (Jordan)

$347 million

80. Cloverdale Paint (Canada)

$125 million

38. Samwha (South Korea)

$333 million

81. Origin Electric (Japan)

$121 million

39. Musashi (Japan)

$330 million

82. Atomix (Japan)

$118 million

40. Noroo (South Korea)

$315 million

83. Tnemec (USA)

$115 million

41. Carpoly Chemical Group (China)

$311 million

84. Quest Specialty Chemicals (USA)

$113 million

42. CIN Group (Portugal)

$300 million

85. Ace Paint (USA)

$110 million

43. Fujikura Kasei (Japan

$298 million

86. SSCP (South Korea)

$108 million

44 | Coatings World

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July 2011

2011 Top Companies

19 45 46 80

01 72 08 17

36

78

55

85

35

22

27

15

07 04 83

48

84

02

58 69 29

42

05 26

14

56

ALPHABETICAL LISTING

BERGER PAINTS - 33

DULUX GROUP - 28

GREBE GROUP - 63

BOERO GROUP - 71

DUNN-EDWARDS - 48

H.B. FULLER - 17

3M - 36

CARPOLY - 41

DUPONT - 05

HELIOS - 31

ACE PAINT - 85

CHOKWANG - 79

DYRUP - 46

HEMPEL - 19

AKZONOBEL - 01

CHUGOKU MARINE PAINT - 20

EMPILS - 75

HENKEL - 03

ASAHIPEN - 65

CIN - 42

ENNIS TRAFFIC - 35

ICA GROUP - 74

ASIAN PAINTS - 13

CLOVERDALE PAINTS - 80

FLH GROUP - 61

INDUSTRIAS TITAN - 68

ATOMIX - 82

COMEX - 14

FLUGGER - 45

INVER SPA - 67

BASF - 06

DAI NIPPON TORYO - 24

FORBO - 30

JOTUN - 12

BECKERS - 21

DAW - 16

FREEWORLD COATINGS - 32

JW OSTENDORF - 50

BENJAMIN MOORE - 29

DIAMOND VOGEL PAINTS - 78

FUJIKURA KASEI - 43

KANSAI PAINT - 09

46 | Coatings World

www.coatingsworld.com

July 2011

68

11 3 61

25 44

12 21

76

03 06 16

30 71

50

54

63

67

86

75

31

18

74

52 38 79 20 81 34 82 39 51

40 73

57 60

66 49

37

09 41 13

33

62

53

43

77

10

23 24 64 65

70

47

59

32

28

KCC - 18

NIPPON PAINT - 10

SAMWHA - 38

TEKNOS GROUP - 44

KELLY-MOORE - 55

NOF METAL COATINGS - 72

SHANGHAI COATINGS - 49

TIGER COATINGS - 54

KIKUSUI CHEMICAL - 60

NOROO - 40

SHAWCOR - 27

TIKKURILA - 25

KUNSUL - 52

ORIGIN ELECTRIC - 81

SHERWIN-WILLIAMS - 04

TNEMEC - 83

LORD CORP. - 26

PACIFIC PAINT - 59

SHINTO PAINT - 57

TOA GROUP - 47

MASCO - 15

PPG - 02

SHOEI CHEMICAL - 51

TOHPE - 64

MATERIS - 22

QUEST SPECIALTY CHEM - 84

SIKA - 11

VALSPAR - 08

MUSASHI - 39

RENNER SAYERLACK - 56

SK KAKEN - 23

WHITFORD - 69

NATIONAL PAINTS - 37

ROCK PAINT - 53

SPRAYLAT - 58

YASAR - 73

NATOCO - 77

RPM - 07

SSCP - 86

YIPS CHEMICAL - 70

NIHON TOKUSHU - 34

RUSSIAN COATINGS - 76

TAMBOUR - 66

YUNG CHI - 62

July 2011

www.coatingsworld.com

Coatings World | 47

Top Companies

01

2011

AkzoNobel N.V. Amsterdam, the Netherlands www.akzonobel.com

PUBLIC COMPANY YEAR ESTABLISHED: 1994 REVENUE: $13 billion L (2009: 12.2) MARKETS SERVED • Decorative paints

• Marine and protective coatings

• Car refinishes

• Industrial coatings

• Powder coatings

• Wood finishes and adhesives

KEY EXECUTIVES Hans Wijers, chairman and CEO; Tex Gunning, board member responsible for Decorative Paints; Leif Darner board member responsible for Performance Coatings. Decorative Paints managing directors: Ruud Joosten, Northern and Eastern Europe; Richard Stuckes, UK, Ireland and South Africa; Pierre Dufresne, Canada; Erik Bouts, U.S.; Jaap Kuiper, Latin America; Jeremy Rowe, South East Asia and Pacific;

uring 2010, AkzoNobel continued to invest in growth throughout its business. Highlights include the opening of its €275 million Ningbo plant in China in November, selective acquisitions in Performance Coatings and a milestone contract with Walmart. In Performance Coatings, AkzoNobel consolidated the acquired former Dow Chemical powder coatings activities; acquired the Lindgens Metal Decorating and Inks business; and acquired Changzhou Prime Automotive Paint Co., Ltd. to grow its car refinishes business in China. Asia has a fundamental role to play in AkzoNobel’s growth strategy. China in particular is integral to its strategic focus on the world’s high growth regions, highlighted by its intention to achieve a $3 billion revenue target in China by 2015—doubling the previous target. AkzoNobel currently employs around 6,500 people in China and has close to 30 production sites located there. Prime was one of China’s largest vehicle refinish suppliers and a leader in the fast-growing mid-market segment. This sector is estimated to double in size within the next five years. Prior to the Prime acquisition, AkzoNobel was mainly active in China’s premium and commercial vehicle refinish sector, represented by its Sikkens, Lesonal and Miluz brands. Performance Coatings sales in 2010 were $6.4 billion. Other key developments for the business unit in 2010 include the inauguration of a new powder coatings plant in Wuhan, China, and a lab in Ningbo, China; the official opening of new, worldwide marine testing lab in Singapore; and investment in expansion of capacity for coil coatings in Bangalore, India. In addition, work got underway on a new wood finishes and adhesives plant in Vietnam; aerospace coatings activities merged into the car refinish business; and there was a marine and protective coatings investment in a UK-based global fire protection center of excellence. AkzoNobel’s Decorative Paints business supplies a full range of interior and exterior decoration and protection products for both the professional and do-it-yourself DIY markets. The unit posted sales of $6.6 billion in 2010. Key developments included a deal with Walmart to become the retailer’sprimary paint supplier in the U.S. and Dulux Trade won a contract to paint the London 2012 Olympic Games site.

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Amit Jain, India and South Asia; Richard Stuckes, China and North Asia. Performance coatings managing directors: Bob Taylor, marine and protective coatings; Jim Rees, car refinishes; Conrad Keijzer, industrial coatings; Rob Molenaar, powder coatings; John Wolff, wood finishes and adhesives.

During the year, AkzoNobel also became the leading coatings supplier for the Commonwealth Games in India and signed a landmark agreement with the Forest Stewardship Council. The firm’s Let’s Color campaign continued to gather momentum and its presence in China increased to more than 600 cities.

AkzoNobel, Wal-Mart form partnership in the U.S. During the year AkzoNobel was selected by Wal-Mart to be the primary paint supplier for the retailer’s U.S. stores. The deal called for the development and manufacture of a portfolio of interior and exterior paints for more than 3,500 Wal-Mart stores nationwide. This agreement built upon AkzoNobel’s already existing relationship with the world’s largest retailer for paints in Puerto Rico and Canada, and with Liquid Nails adhesives in the U.S. The new in-store program was a landmark deal which significantly boosted AkzoNobel’s market share in the U.S., where it currently ranks second behind Sherwin-Williams, and contribute to further enhancing the value of its Glidden brand there. SherwinWilliams was the previous supplier of decorative paints to Wal-Mart. Wal-Mart began the transition to AkzoNobel products early in 2011. AkzoNobel Decorative Paints The U.S. arm of Dutch paint maker Akin the Americas (Canada, zoNobel N.V., based in Strongsville, Ohio U.S. and Latin America) started stocking Wal-Mart's shelves with its currently employs roughly Glidden brand early this year. 7,200 people and generates revenue of $2 billion. It operates eight paint manufacturing and distribution sites in the U.S. and a global research and development center in Strongsville, Ohio. The portfolio consists of architectural coatings and wood care products, as well as adhesives and caulks.

www.coatingsworld.com

July 2011

2011

Top Companies

PPG Industries Pittsburgh, Pennsylvania/USA www.ppg.com

PUBLIC COMPANY

KEY EXECUTIVES Charles Bunch, chairman and CEO; J. Rich Alexander, executive VP, Performance Coatings; Pierre-Marie De Leener, executive VP, Architectural Coatings–EMEA, and president, PPG Europe; Viktoras Sekmakas, senior VP, Industrial Coatings, and president, PPG Asia Pacific; Cynthia Niekamp, senior VP, Automotive OEM Coatings; Barry Gillespie, VP

YEAR ESTABLISHED: 1883 REVENUE: $10 billion L (2009: 9.1) SEGMENT BREAKDOWN • Aerospace

• Architectural coatings

• Automotive refinish

• Protective and marine coatings

• Automotive OEM coatings

• Industrial coatings

02

Aerospace Products; John Outcalt, VP, Automotive Refinish; Thomas Mauck, VP, Protective and Marine Coatings; Douglas Pegg, VP, Packaging Coatings; Charles Kahle, VP, Coatings R&D, and chief technology officer.

• Packaging coatings

PG’s coatings business has solid competitive positions in nearly all end-use markets. Thirty-percent of its sales come from architectural coatings while the remaining 70 percent are spread out amongst the other special purpose coatings markets. PPG’s coatings business is divided into three business units. Performance Coatings, which includes automotive refinish, aerospace, protective and marine, and architectural coatings Americas and Asia, saw sales grow $186 million, or five percent, in 2010 to $4.3 billion. The Industrial Coatings unit, which includes automotive OEM, industrial coatings and packaging coatings increased sales 21 percent, or $640 million, in 2010 to $3.4 billion. The Architectural Coatings – EMEA unit saw its sales decrease $78 million, or four percent, in 2010 to $1.9 billion. On the acquisition front, in the fourth quarter of 2010 PPG acquired Bairun, a privately held packaging coatings company in southern China. In May 2011 PPG announced it would acquire European coatings manufacturer Dyrup A/S, based in Copenhagen, Denmark. Dyrup, which is one of Coatings World’s Top Companies, recorded sales of $273 million in 2010. Closing is expected in the third quarter. Lastly, PPG recently announced in June 2011 it was acquiring Ducol Coatings, the company’s distributor of automotive refinish coatings in South Africa and Namibia. During the year, PPG’s industrial coatings business opened the Shmaze Color Design Studio sponsored by PPG Trendcast, a facility near Irvine, CA, devoted to helping manufacturers and industrial designers accelerate color design and prototype development. Another highlight occurred when PPG was selected as one of five industry partners in the Greater Philadelphia Innovation Cluster (GPIC), a five-year initiative designed to improve the energy efficiency of buildings in the U.S. The initiative is being funded in part by a $129 million grant from the federal government. PPG began the operation of its Tianjin Aerospace Application Support Center during 2010. With a total investment of $2.1 million, PPG’s new aerospace applications support center is expanding the capacity of its aerospace business in China. Also during the year, PPG launched the first use of its next generation B1:B2 waterborne paint technology in the U.S. The next generation B1:B2 (wet-on-wet) compact process technology is currently in production at the BMW assembly plant in Spartanburg, South Car-

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July 2011

olina. This marks the first use of a waterborne compact process in a U.S. automotive manufacturing plant, the company said. The next generation B1:B2 technology allows the car manufacturer to reduce the number of steps necessary to paint a vehicle by moving the traditional primer application into the topcoat booth. This movement eliminates the dedicated primer booth and all related processing. The B1 layer provides primer, filling, chip and durability benefits. The B2 layer provides color and additional durability.

PPG wins PACE Award for Super High Throw Electrocoat One highlight during the year saw PPG named a 2010 Automotive News PACE Award winner. The prestigious award recognizes automotive suppliers for superior innovation, technological advancement and business performance. PPG was recognized for its Super High Throw Electrocoat, which allows coatings to penetrate recessed, hard-to-reach areas and interior surfaces on a vehicle without leaving excess paint PPG’s Super High Throw Electrocoat team acon the exterior sur- cepts the Automotive News PACE Award. faces. This innovation From left to right: Yuko Gidcum (Toyota), reduces weight and im- Darren Soroczak (PPG), Jim Long (PPG), Chris proves the efficiency of Flener (PPG), Jack Burgman (PPG), Cindy the electrocoat process. Niekamp (PPG), David Janowiecki (Toyota), In one year, PPG and Ed Pagac (PPG) and Matt Marek (PPG). Toyota launched Super High Throw Electrocoat at 11 plants in North America and Europe. PPG won in the “Product” category, which recognizes innovations in new products, components or systems that have significant market impact and act as “game changers” in the automotive industry.

www.coatingsworld.com

Coatings World | 49

Top Companies

03

2011

Henkel AG & Co. KGaA Dusseldorf, Germany www.henkel.com

PUBLIC COMPANY

KEY EXECUTIVES CKasper Rorsted, chairman and CEO; JanDirk Auris, executive VP Adhesive Technologies and member of the board. Senior VPs of Adhesive Technologies: Ramon Bacardit, Research; Julian Colquitt, North America; Jean Fayolle, Packaging, Consumer Goods and Construction Adhesives; Eric Holzbacher, Western Europe, Central Eastern Europe,

YEAR ESTABLISHED: 1876 REVENUE: $9.7 billion L (2009: 8.7) MARKETS SERVED • Adhesives • Sealants

Middle East, Africa and Consumer & Craftsmen Adhesives, Building Adhesives; Paul Kirsch, Global Transportation; Matthias Schmidt, Financial Director; Alan Syzdek, Global Electronic Materials.

• Special purpose coatings

enkel’s Adhesives Technologies business sector comprises five business units: Adhesives for Consumers, Craftsmen and Building; Transport and Metal; General Industry; Packaging, Consumer Goods and Construction Adhesives; and Electronics. With the market environment recovering Adhesives Technologies performed exceptionally well in 2010, achieving a double-digit growth rate of 17.4 percent with sales of $9.7 billion. The sector serves a wide range of customers from large, international corporations to small and medium-sized industrial businesses, craftsmen, DIYers and private home consumers. In the mature markets of Western Europe and North America, Henkel generated growth in the high single-digit percentage range. In high growth markets expansion overall posted in the double-digit percentage range. Henkel achieved its highest growth rates in the Asia Pacific region. In 2010 the worldwide integration of the National Starch businesses Adhesives and Electronic Materials acquired in 2008 was Also during the year, Jan-Dirk completed. Auris succeeded Thomas GeitOn the R&D front, each year ner at Henkel’s management Henkel selects a number of develboard and became executive opments for its Fritz Henkel Award vice president of Adhesive for Innovation. In 2010, Loctite HF Technologies. was one of the products recognized. These halogen-free structural adhesives are used by manufacturers of portable electronic devices and create particularly strong, fast-curing and resistant bonds between a variety of materials. Highlighting its achievements in sustainability in 2010, WalMart honored Henkel with the Wal-Mart Sustainability Award for the second year in a row, identifying Henkel as the supplier that, seen globally, has made the most significant contribution to sustainability. Henkel received a 2010 Automotive News PACE Award for its new Aquence Co-Cure coating process. The prestigious award rec-

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50 | Coatings World

ognizes automotive suppliers for superior innovation, technological advancement and business performance. The Aquence Co-Cure process was recognized in the Manufacturing Process category. This process layers the Aquence autodeposition coatings with a powder or liquid topcoat, and or adhesive and "co-cures" them together in a single oven. In addition, the environmentally responsible process simplifies conventional metal pretreatment by reducing it to a two-step coating process, therefore reducing the production footprint by up to 40 percent. The Aquence Co-Cure process results in energy and cost savings, process efficiency, and reduces environmental impact since it contains no heavy metals or sludge.

Innovations 2010 Loctitie Power Easy This odorless and solvent-free instant adhesive bonds an array of different materials quickly and firmly yet avoids the problem of instant skin contact adhesion. Terophon HDF A vibration-damping material that minimizes in-vehicle noise. Allows thinner sheets and lighter materials to be used in automobile production. Loctite 3090 An instant adhesive with gap-filling properties. It combines high bonding power with fast curing on a wide range of materials.

www.coatingsworld.com

Loctitie Power Easy (left) and Loctite 3090.

July 2011

2011

Top Companies

The Sherwin-Williams Company Cleveland, Ohio/USA www.sherwin-williams.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1866

• Architectural coatings

REVENUE: $6.5 billion L (2009: 5.8)

• Industrial coatings

(Note: Sherwin-Williams reported total revenue of $7.8 billion for fiscal

• Protective and marine

2010. However, for purposes of this report, sales of painting tools and

• OEM product finishes

equipment in the Paint Stores Group are not reported as part of coatings

• Wood finishes

revenue. The above is Coatings World’s estimate.)

• Aerospace coatings

he largest of Sherwin-Williams’ three business segments—the Paint Stores Group—recorded $4.38 billion of sales in 2010, representing 56 percent of total company sales. Group brands include Sherwin-Williams, Duration, SuperPaint, Harmony, ProMar and ProIndustrial, which serve DIYers, professional painting contractors, home builders, property managers, architects and interior designers, as well as industrial, marine, flooring and OEM product markets. Sales in the Consumer Group were $1.3 billion, or 17 percent of total company sales. Brands include Dutch Boy, Krylon, Minwax, Thompson’s WaterSeal, Pratt & Lambert and Purdy, which serve DIYers, professional painting contractors, and industrial maintenance and flooring contractors. Lastly, the Global Finishes Group finished 2010 with $2.09 billion worth of sales, or 27 percent of total sales. Global brands include Sherwin-Williams, Napko, Planet Color, AWX, Martin Senour, Powdura, Polane, Euronavy, Inchem, Sumare, Sayerlack and Becker Acroma. These brands serve a wide range of end markets some of which include OEMs and product manufacturing, wood and composite building products, general industrial, military, electronics, industrial maintenance, protective and marine, automotive refinish and aerospace. In 2010, the Sherwin-Williams Product Finishes Division acquired two leaders in industrial wood finishing—Becker Acroma and Sayerlack. With the acquisitions, Sherwin-Williams now has a service and distribution network to provide finishing solutions to OEMs that spans six continents, and is the largest provider of industrial wood finishes. Sweden’s Becker Acroma, acquired in September 2010, is one of the largest manufacturers of industrial wood coatings globally and a technology leader in water, UV and other wood coatings. Their wood coatings serve the joinery, kitchen cabinet, furniture and flooring markets directly and through distributors. Becker Acroma has more than 900 employees and currently operates nine manufacturing facilities, 19 mixing sites and 13 technical centers around the world. Sales in 2009 were approximately $300 million. Italian firm Sayerlack was acquired in March 2010. Founded in 1954, Sayerlack is one of the largest manufacturers of industrial wood coatings in Europe and a technology leader in polyurethane, water and UV coatings. Sayerlack operates several manufacturing sites across Western Europe along with a comprehensive network of sales, technical and distributor representatives serving clients in Asia and the U.S. Other smaller acquisitions in 2010 included Pinturas Color in

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July 2011

04

KEY EXECUTIVES Christopher Connor, chairman and CEO; John Morikis, president and COO; Sean Hennessy, senior VP, finance and CFO.

Colombia and Fanapisa in Ecuador. In terms of new product development Sherwin-Williams has recently introduced several innovations. The Product Finishes division has launched Sher-Wood F3 Kemvar, a formaldehyde hazard-free finish for wood finishers. On the protective and marine coatings front, Shewin-Williams inctroduced a few new products. EnviroLastic AL is an aliphatic polyurea coating system suitable for interior and exterior walls and ceilings as well as exterior tanks and silos at manufacturing facilities, food and beverage plants or pharmaceutical clean rooms.

Paint consumers can now play colors off each other using an app from paint maker Sherwin-Williams During 2010, Sherwin-Williams launched its ColorSnap App. With ColorSnap, customers don’t have to make multiple stops to the paint store to pick up swatches. With a photo on the iPhone, BlackBerry or Android, customers can tap the area with the color they’re seeking a match for, and the app will present coordinating swatches. ColorSnap was named to Ad Age's Top 10 Branded Apps. Paint consumers can now The new feature allows consumers to play colors off each other use an iPhone, Blackberry or Android using an app from paint smart phone to capture a color that inmaker Sherwin-Williams. spires them and match it to one of 1,500 Sherwin-Williams paint colors. They can create a custom palette, search for specific colors, browse the full Sherwin-Williams color palette or ask Sherwin-Williams for colors that complement a particular color. The app also allows lets users fine tune colors using lightness, saturation and hue features. After searching the color library, colors can be saved to the "My Saved Colors" library to compare palettes or share via Facebook and email. While using the app, consumers will also learn detailed color information, including color names, RGB values and LRV numbers.

www.coatingsworld.com

Coatings World | 51

Top Companies

05

2011

DuPont Wilmington, Delaware/USA www.performancecoatings.dupont.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1802

• Automotive OEM

REVENUE: $3.8 billion L (2009: 3.4)

• Collision repair • Industrial coatings

uPont Performance Coatings (DPC) is the world’s leading motor vehicle coatings supplier. Products offered include high performance liquid and powder coatings for motor vehicle OEMs, the motor vehicle after-market and general industrial applications, such as coatings for heavy equipment, pipes and appliances and electrical insulation. Forty-four percent of DPC’s $3.8 billion of revenue in 2010 came from the auto refinish segment while auto OEM turned in 31 percent of sales. The remaining 25 percent of sales was split between liquid and powder coatings segments serving general industrial applications. Sales of $3.8 billion were up 11 percent when compared to prior year. This increase reflects recovery in global automotive OEM markets as a result of higher global motor vehicle builds and strong demand in industrial coatings, particularly in the North American and European heavy duty truck markets. After-market coatings products are marketed using the DuPont Standox, Spies Hecker and Nason brand names. Standox and Spies Hecker are focused on the high-end motor vehicle after-markets, while Nason is primarily focused on economy coating applications. Under the Standox brand DPC during the year introduced Standoblue waterborne basecoat, a premium waterborne paint that helps meet strict environmental guidelines. Using a continuous application process, Standoblue delivers results with a 1.5-coat application process, enabling refinishers to apply paint continuously without the need to flash between coats so they can conStandox Standoblue centrate completely on the quality of the job without any interruptions. DPC also introduced Alesta AR, a new line of premium architectural powder coatings. With no solvents and virtually no VOCs, the powder coating process results in a cleaner, safer finishing operation. DuPont Alesta AR architectural coatings provide a high level of design freedom and are easily matched to glass, plastic, wood or virtually any other building material. Colors can be adjusted to suit individual aesthetic preferences without compromising essential functional properties such as weatherability or impact and abrasion resistance. The DuPont Alesta standard product line includes products that meet AAMA 2603 specifications. DuPont Alesta AR400 is a TGIC-free premium weathering polyester that meets AAMA 2604 specifications and aids in ob-

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KEY EXECUTIVES Ellen Kullman, DuPont chair of the board and CEO; DuPont Performance Coatings executives: John McCool, president; K. Peter Hurd, VP, supply chain; Lewis Manring, VP, global technology; Thierry Vanlancker, VP, EMEA; Jorge Cossio, VP, Latin America; Nigel Budden, business director, North America; Eric Degenfelder, business director, Asia Pacific.

taining LEED Green Building certification. In key developments overseas, a new DuPont laboratory and manufacturing facilities in China are accelerating the adoption of coatings with improved environmental performance by Chinese automakers. DuPont’s technical center, located in Shanghai, and the manufacturing operations in Changchun allow nearby DuPont scientists to respond to local customers’ needs quickly and efficiently. Shanghai General Motors uses advanced DuPont finishes, made in China, on its Cruze model. As an example, the new Shanghai General Motors plant at Shenyang is located just west of the DuPont Changchun plant, and will use the DuPont water-based coatings produced at that facility. Shanghai General Motors is a joint venture between General Motors and the Shanghai Automotive Industry Corporation. The site has an annual capacity of 150,000 cars.

DuPont Performance Coatings opens new Coatings Technology Center in U.S. At the end of 2010 DuPont opened a new research and development facility dedicated to coatings science at the Experimental Station in Wilmington, Delaware in the U.S. The new Coatings Technology Center (CTC), established by DuPont Performance Coatings (DPC), will focus on DuPont Refinish Systems products that support the automotive collision industry and DuPont Industrial Coating Solutions, which markets a wide range of liquid and powder industrial finishes. "Innovation is essential to the continued growth of our coatings businesses," said John McCool, president, DPC. "This investment in research and development clearly demonstrates our commitment to growing our global coatings businesses." "Locating this new facility at the Experimental Station allows us to leverage its unique and powerful base of scientific expertise and advanced research and development facilities," said Lewis Manring, vice president, global technology, DPC. "This facility will operate unlike any previous DuPont coatings laboratory, with a strong focus on inclusive innovation. The result will be a collaborative and efficient team focused on providing our customers with the finest coatings in the world and the technical support they need to use those products productively and profitably."

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July 2011

2011

Top Companies

BASF, The Chemical Company Ludwigshafen, Germany www.basf.com

PUBLIC COMPANY

KEY EXECUTIVES Raimar Jahn, president, BASF Group’s Coatings Division; Helmut Rödder, member of the board of BASF Coatings AG; Udo Reiter, head of global technology, coatings; Dr. Klaus Plitzko, head of global applied research and technology, coatings; Juan Ximenez-Carrillo Gerber, automotive OEM coatings; Christoph Hansen, automotive re-

YEAR ESTABLISHED: 1865 REVENUE: $3.421 billion L (2009: 3.0) MARKETS SERVED • Automotive OEM

• Automotive refinish

• Commercial vehicles

• Industrial coatings

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finish coatings; Peter Alexander Fischer, industrial coatings; Rui Artur Goerck, decorative paints.

• Decorative paints

ASF’s Coatings division is one of the world’s largest suppliers of coatings solutions for automotive and industrial applications. With its brands Glasurit and R-M for the car refinish business, the company is successful in the premium segment worldwide. In Brazil, BASF is the leading manufacturer of architectural coatings under its flagship brand Suvinil. In China, the new architectural coatings brand Norbin was introduced. In 2010 BASF Coatings saw its sales rise above 2009 levels due to higher volume and prices to $3.421 billion. Broken down regionally, 41 percent of BASF Coatings’ sales came from Europe while 28 percent from South America, Africa and the Middle East, with the largest chunk from South America. Asia Pacific and North America are smaller markets for BASF Coatings with 17 percent and 14 percent of sales respectively, though Asia Pacific is growing the fastest. The improved market environment for the global automotive industry and rising consumption in South America were key drivers for sales growth. These developments offset a decline in sales due to the divestiture of industrial coatings businesses in Japan and North America. BASF said its automotive coatings business was very successful due to the quick recovery of the automotive industry in Asia, especially in China. Sales in the automotive refinish business also grew. Demand for coatings for transport and agricultural machinery began to slowly recover in the second half of 2010. In Europe, BASF Coatings benefitted from strong demand for coil coatings from the Eastern European steel industry. Sales volumes of coatings for wind turbines stabilized at high levels, the company said. Sales of architectural coatings were higher than in the previous year, particularly in South America. During the year BASF established a technical center for developing eco-friendly coatings technologies for the automotive industry in Korea. BASF and the Gyeonggi Provincial Government of the Republic of Korea (GGPG) signed a memorandum of understanding (MOU) to confirm their collaboration in constructing this center. The agreement called for BASF to set up a coatings technical center at the Gyeonggi Techno Park in Ansan City, Gyeonggi Province, with the support of GGPG. In this technical center, BASF plans to conduct research and development of eco-friendly waterborne coatings for use by automotive OEMs as well as the technology for an integrated coating process, which yields more cost-efficient results.

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Also during the year BASF Coatings Spa sold its Italian production site in Burago Molgora for the manufacturing of industrial coatings to Alcea Industries Srl. In addition to the manufacturing facility for liquid paint, the transaction encompassed the business of BASF Coatings Spa in Italy with anodic, electrodisposition coatings for home appliances, heating and general industry and liquid paints for automotive supply metal (ASM) as well as the related customer portfolio. On the R&D front, BASF Coatings GmbH and Henkel AG & Co KGaA signed a joint venture agreement to develop corrosion protection solutions for the automotive industry. The 50/50 venture is headquartered in Düsseldorf.

BASF develops Alubeam Liquid Metal as an automotive paint New technology innovators, BASF Coatings joined forces with automaker Daimler in 2010 to develop the Alubeam Liquid Metal paint for the F 800 Style Mercedes Benz. BASF's Liquid Metal basecoat immerses the car in a radiant deep gloss, making it look as if it were made of chrome rather than painted. The new coating gleams like liquid metal and stretches around the body like a metalBASF’s Alubeam Liquid Metal paint lic skin. The integration of a stretches across the car’s body like a special-effect pigment into a metallic skin. waterborne paint system is the key to the metallic look, according to the company. Liquid Metal paints use aluminum flakes as effect pigments. For the latest generation of Liquid Metal paints, BASF uses so-called PVDA pigments (physical vapor deposited aluminum). BASF Coatings’ Liquid Metal is available today as an environmentally friendly waterborne basecoat and complies with the required specifications for adhesion and weathering. Add-on parts can be painted in the color of the vehicle as well.

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Coatings World | 53

Top Companies

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2011

RPM International Inc. Medina, Ohio/USA www.rpminc.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1947

• Roofing systems

• Caulks and sealants

REVENUE: $3.412 billion L (2009: 3.368)

• Flooring systems

• Corrosion control coatings

• Primers-sealers

• Specialty paints

• Hobby and craft paints

• Wood stains and finishes

• Rust-preventative paints

PM International Inc. is a multinational holding company with subsidiaries that manufacture and market high-performance coatings, sealants and specialty chemicals, primarily for maintenance, repair and improvement applications. In fiscal 2010, the company’s industrial products accounted for 68 percent of its $3.4 billion of total sales, with consumer products representing the remainder. The Industrial Segment’s operating groups include RPM Building Solutions Group, which provides roofing systems, sealants and concrete admixtures. Leading brands include Tremco, Tremco illbruck and Euco. RPM Performance Coatings Group includes polymer floor coatings, corrosion control coatings and fiberglass reinforced plastic grating. Its primary brands include Stonhard, Carboline and Fibergrate. RPM II Group offers specialty chemicals, exterior insulation and finish systems and recreational marine coatings. Major brands include Day-Glo, Dryvit, Kop-Coat and Pettit. RPM’s consumer products are sold primarily in North America and have a growing presence in Europe, predominantly in the UK. The Consumer Segment’s operating groups include Rust-Oleum Group, which provides rust-preventative and small project paints, primer-sealers, wallcovering preparation and removal products, wood stains and finishes, mildew resistant paints and hobbyist products. Major brands include Rust-Oleum, Zinsser, Varathane, Tor and Testors. DAP Group markets caulks, sealants and patch and repair products under the DAP brand. During the year RPM’s Performance Coatings Group acquired Hummervoll Industribelegg AS, a supplier and installer of industrial flooring coatings systems based in Bergen, Norway, with annual sales of more than $11 million. Hummervoll, founded in 1980 by Per Hummervoll, serves both onshore and offshore markets with its concrete- and epoxy-based flooring coatings systems. Its onshore division primarily focuses on the food, manufacturing and chemical industries. The offshore division provides flooring solutions for oil platforms, barricade decks and emergency escape routes. Zinsser launched its Bondz Maximum Adhesion Primer, specifically formulated to bond any topcoat to difficult to paint surfaces. The fast drying urethane modified acrylic formula provides adhesion to hard, dense interior and exterior surfaces such as fiberglass, tile, glazed brick, aluminum, laminate and galvanized steel. It creates a permanent bond with any topcoat including two-part epoxies and solvent-based paints.

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KEY EXECUTIVES Frank Sullivan, chairman and CEO; Ronald Price, president and COO; Paul Hoogenboom, senior VP manufacturing operations and CIO; Robert Matejka, senior VP and CFO; Business managers: Thomas Reed, Rust-Oleum Group; David Reif, Performance Coatings Group; Randall Korach, Building Solutions Group; John McLaughlin, DAP Group; Michael Tellor, RPM II Group.

One of RPM’s businesses, Tremco Incorporated, underwent a “green” renovation at its company headquarters in Beachwood, Ohio/USA. Originally built in 1970, the $5 million top-to-bottom renovation will transform the building into a showcase of sustainability. Tremco intends that its headquarters become one of the U.S. Green Building Council’s few LEED Gold certified facilities in Ohio. Another highlight during the year occurred when for the sixth consecutive year, DAP Products Inc., received the Golden Hammer Award as the premier supplier in the Caulking and Sealants category by Home Channel News.

Rust-Oleum Countertop Transformations DIY coating system Rust-Oleum has introduced Countertop Transformations, do-ityourself (DIY) decorative coating system that can replicate the look of sought-after countertop materials like natural stone. The coating system eliminates the need to hire a contractor and the mess associated with countertop replacement. It also can be used on bathroom vanities, bar tops, tabletops and more. Countertop Transformations is available in a variety of on-trend finishes to complement The Countertop Transformations DIY system any décor, including can replicate materials like natural stone. Pebbled Ivory, Desert Sand, Java Stone, Onyx and Charcoal. It stands up to daily wear and tear, the company said, and features HomeShield Antimicrobial Protection to protect the painted surface by inhibiting the growth of mold, mildew and other odor or stain-causing microbes.

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July 2011

2011

Top Companies

The Valspar Corporation Minneapolis, Minnesota/USA www.valsparglobal.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1806

• Architectural coatings

REVENUE: $3.0 billion L (2009: 2.6)

• General industrial • Coil coatings • Wood coatings • Automotive refinish

alspar’s sales for the year increased 12 percent to more than $3 billion. In the Coatings segment, sales increased nearly 15 percent. Investments in technology resulted in significant new business in the general industrial, coil and wood product lines. Sales in the Paints segment increased by about 10 percent, reflecting volume growth in both the global consumer and automotive refinish product lines. Valspar’s consumer paint business in China, led by its Huarun brand, delivered strong double-digit revenue growth. Through its Paints segment Valspar offers a wide variety of products such as paints, primers, topcoats and aerosol spray paints sold primarily through retailers and distribution networks. It sells branded and other products in the Paints segment, including Valspar, Cabot, Huarun, DeBeer and House of Kolor. This segment includes architectural and automotive refinish product lines. The Coatings segment includes a broad range of decorative and protective coatings for metal, wood and plastic, primarily for sale to original equipment manufacturing (OEM) customers. Products within the Coatings segment include primers, top coats, varnishes, inks, sprays, stains, fillers and other coatings used by customers in a wide range of manufacturing industries, including building products,

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Valspar, Habitat for Humanity unveil house of paint cans To celebrate the donation of over one million gallons of paint to Habitat for Humanity International, Valspar created a two-storey home made of Valspar paint cans at an event in Minneapolis, Minnesota. Valspar has donated cash and paint cans to Habitat for Humanity since 1979. The company developed a close relationship with the organization and created A Brush with Kindness, a program transforming neighborhoods through the revitalization of the home exterior. Valspar became a national partner of Habitat for Humanity in 2002.

Valspar and Habitat for Humanity celebrated the one-millionth donated can of paint with a house made of paint cans.

July 2011

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KEY EXECUTIVES William Mansfield, chairman and CEO; Gary Hendrickson, president and COO; Rolf Engh, executive VP, general counsel and secretary; Steven Erdahl, executive VP; Anthony Blaine, senior VP; Howard Heckes, senior VP; Lori Walker, senior VP and CFO; Brian Falline, goup VP; Bernard Ouimette, senior VP; Roeland Polet, senior VP.

appliances, furniture, transportation, agricultural and construction equipment, metal packaging and metal fabrication. During the year, Valspar continued to invest in strategic acquisitions to improve the geographic diversity of its portfolio and further extend its business in fast-growing coatings markets. In June, the firm completed a transaction with DIC Corporation of Japan that included the purchase of a manufacturing site and business entity in Bangalore, India. This strategic acquisition provides them with an immediate platform for growth in an emerging market for packaging and other coatings. In September, Valspar completed the acquisition of Wattyl Limited, a market-leading paint manufacturer in Australia for approximately $125 million. With reputable brands, high-quality products and broad distribution across DIY, hardware and retail channels throughout Australia and New Zealand, this acquisition further strengthens the global Consumer paint portfolio and builds on Valspar’s increasing presence in the Asia Pacific region. Under the deal, Wattyl, which began operations in 1915 and owns the Wattyl Solagard and Estapol brands, handed over its 30 percent share of the domestic paints market to Valspar. Valspar’s worldwide presence continues to expand. In 2010, sales in the U.S. increased 7.4 percent. Sales in markets outside of the U.S. increased nearly 20 percent and with the addition of Wattyl will account for nearly 45 percent of total company revenues. Valspar’s businesses in Asia Pacific, Latin America and Europe/Middle East/Africa/India all delivered double-digit sales increases for the year. During the year, Valspar expanded its automotive refinish product platform to include a comprehensive line—from primer to clear coat— of low VOC solvent-based paint products that meet the most current U.S. standards for low VOCs, including the South Coast Air Quality Management District. The Valspar Low VOC System features the company’s signature Clean Air formulation with significantly reduced VOCs. This system allows auto body shops to switch to a solvent-based option with an improved environmental profile, without having to invest in new equipment and complements Valspar Automotive’s existing line of products geared toward meeting air quality standards including the premium De Beer water-based refinish solutions and the new House of Kolor Shimrin2 low VOC custom finishing product line. In other new technology news, Valspar introduced a new paint color and performance technology with the launch of Valspar Signature Colors with the Hi-DEF Advanced Color System. The new formulation is available exclusively at Lowe’s.

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Top Companies

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2011

Kansai Paint Co., Ltd. Osaka, Japan www.kansai.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1918

• Automotive coatings

REVENUE: $2.8 billion L (2009: 2.4)

• Industrial coatings

KEY EXECUTIVES Shoju Kobayashi, chairman; Yuzo Kawamori, president.

• Decorative coatings • Marine and protective coatings

perating in Japan, Europe, the U.S., Southeast Asia, India and China, Kansai Paint Co. Ltd. offers automotive coatings for new cars, including automotive parts, as well as refinishes; industrial coatings, which comprise pre-coated metal coatings and electrodeposition coatings for aluminum sashes, as well as coatings for beverage cans, home electric appliances, and construction and industrial machinery; decorative coatings for housing, commercial buildings, and public facilities, primarily coatings for new buildings, and coatings for repair and maintenance; and coatings for ships, marine containers, marine structures, bridges and chemical plants. With $2.8 billion in sales revenue for 2010—up from $2.4 billion the year before— Kansai Paint operates three state-of-the-art automotive paint plants from its headquarters in Osaka, Japan and is the leading supplier of automotive coatings to Toyota, Suzuki, Nissan, Honda, Peugeot and Renault worldwide. Kansai Paint divides its business into automotive (47 percent), industrial (24 percent), decorative (19 percent), and marine and protective (10 percent) segments. During the year, Kansai Paint appointed Shoju Kobayashi as chairman of the board, and appointed Yuzo Kawamori to replace Shoju Kobayashi as president of the company, effective April 1, 2010. Continuing its push into China, Kansai Paint announced that it will establish a wholly owned subsidiary, which will be mainly engaged in China businesses, strategy formulation, marketing and capital management in Shanghai, China, in June 2010. Most recently, after a year of bitter opposition, a competition watchdog has approved Kansai Paint’s $260 million takeover bid of South Africa’s Freeworld Coatings. Currently ranked 32nd in this report, this deal represents a significant push into the continent for Japan’s largest paint and coatings maker. However, the deal has not come without some stringent conditions. The Competition Commission from the beginning said it was prepared to direct how businesses should operate in South Africa to promote economic development when it imposed conditions on the buyout in the interest of competition and public concerns. South Africa’s Department of Trade and Industry made a submission to the commission asking that the takeover be prohibited on the grounds that the paint market was highly concentrated, and it constituted a threat to the government’s localization drive. The commission agreed with the department and gave the green light to the transaction on the condition that Kansai divested the

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automotive coatings business it operated in a joint venture with DuPont, as it would create a “forum for collusion.” According to the deal, Kansai must manufacture decorative coatings in South Africa for 10 years; establish a manufacturing facility within five years and invest in local research and development. The commission said these conditions address any anticompetitive harm that would have resulted from the merger and would ultimately increase South Africa’s manufacturing capacity in the paint market. Despite more than 90 percent of Freeworld shareholders indicating they favored the takeover, the company had bitterly opposed the offer since Kansai made it in April last year.

Kansai Paint expands in Middle East Kansai Paint, Japan's leading paint manufacturer, with operations in more than 40 countries spanning the globe from Asia to Europe and North America, expanded its operations in 2010 in the Middle East, Central Asian and North African regions as well as India and China. Formed in 1918, Kansai Paint has since grown to become the 9th largest paint manufacturer in the world and with the establishment of Kansai Paint Middle East (KPME) in Dubai, UAE, as its window company for the Middle East, Central Asian and North As part of its expansion plans in the African regions including Iran Middle East region, Japan’s leading and Pakistan, Kansai is poised coatings manufacturer inaugurated a to serve these markets with new plant in Iran. its cutting edge technology. KPME through its wholly owned subsidiaries has been manufacturing and selling a complete range of products in Pakistan since 2009 while its Iran plant was inaugurated in July 2010 by Shoju Kobayashi, chairman of Kansai Paint. According to Kobayashi, Kansai Paint is a technology driven company as opposed to being brand driven. As such it operates one of the largest research and development centers for paint and coating solutions in the world. The firm is focused on developing leading technology in coatings, spending more than $50 million annually on research and development alone.

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July 2011

2011

Top Companies

Nippon Paint Co., Ltd. Osaka, Japan www.nipponpaint.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1881

• Automotive coatings

REVENUE: $2.5 billion L (2009: 2.3)

• Industrial coatings • Decorative coatings • Marine and protective coatings

ippon Paint manufacture all types of paints and coatings including those for automobiles, construction, architecture, steel structures, ships, metal, electrical equipment, machinery, roadways and household appliances among others. Nippon Paint saw its sales drop slightly in 2009, but was able to grow net income from $18 billion to $94 billion due to restructuring. In 2009 the company appointed Kenji Sakai as the new president of Nippon Paint. Mr. Sakai replaced Makoto Matsuura, effective April 1, 2009. Nippon opened a new plant in China as part of a restructuring of its industrial paint production locations in that country to increase efficiency and output capacity. The company spent about $30 million on the facility, for which it acquired a 140,000 square meter plot in Tianjin. It built a production wing for powdered paints used on home appliances and furniture, and began operations there in June. Production facilities for related liquid paints and resins will be built on the same site before year’s end. In terms of new products, Nippon continued to broaden its of-

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KEY EXECUTIVES Kenji Sakai, president, representative director; Yoshio Andou, senior vice president, general manager of trade use paint division and executive director; Ryoichi Baba, senior vice president, representative director; Kiyohiko Chijiiwa, executive vice president and director; Kanji Nishijima, vice president.

ferings in diverse markets around the globe. For instance, in Pakistan Nippon Paint launched its latest innovation—Nippon Spotless—a water-based emulsion that repels stains and is highly washable. It is an odorless emulsion and has near zero VOCs. In Singapore, Nippon Paint launched an environmentally friendly exterior paint—SolaReflect—that reduces heat build-up by reflecting infra red light from coated surfaces. This allows less heat to be absorbed into external surfaces and surroundings, creating a cooler surface temperature of up to five degrees Celsius. SolaReflect is environmentally friendly as it helps reduce heat build-up and subsequently decreases the amount of power needed for air-conditioning or cooling off, which indirectly reduces carbon emissions. Also in Singapore, Nippon Paint introduced Aqua Bodelac, a breakthrough in water-based enamel paint technology, according to the company. It was awarded the Green Label by the Singapore Environmental Council. Aqua Bodelac is a water-based modified acrylic gloss enamel paint with low VOC that is ideal for interior wood and metal surfaces.

Nippon Paint launches Advanced Trio Fresh in Thailand In late 2009 Thailand became the first market to launch Nippon’s latest technological breakthrough—Advanced Trio Fresh—available in its new acrylic elastic paint, Nippon 3-In-1 DuraFresh. The technology helps protect walls from cracks and is resistant to dust and water streak marks. At the time of launch, Nippon planned to invest more than $6 million in marketing communications to expand the market, aiming to increase market share from eight percent to 10 percent with the sales target of $38 million. “This year, Nippon Paint will make an aggressive move in the Thai paint market, which is worth more than $380 million annually,” said Chalermpong Mahavanidvong, chief operation officer, Nippon Paint (Thailand) Co., Ltd. “Thailand was selected as the world’s first market to officially launch Nippon 3-In-1 Durafresh with the world’s most advanced acrylic paint technology, Advanced Trio Fresh, which offers the ultimate protection from cracks and gives high resistance to dust and all water

July 2011

streak marks,” said Mahavanidvong. Nippon 3-In-1 DuraFresh was developed through Nippon’s Advanced Trio Fresh Technology from Japan. The technology combines three acrylic paint technologies, including Advanced Core-Shell Technology with two layers of molecules: the harder outer layer and the softer inner layer. The harder outer layer provides washing ability and resistance to dust and water streak marks while the softer inner layer provides maximum elastic efficiency in protecting walls from cracks. The second technology is Advanced Cross-linking Technology, which helps acrylic molecules penetrate deeply into a nano level of paint molecules thoroughly integrating acrylic molecules and paint molecules throughout the entire paint film, leaving no space for dust and water, according to the company. The third technology is Advanced Nano Technology that helps strengthen the two technologies at the nano level, providing maximum strength and durability in every environmental condition.

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Top Companies

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2011

Sika AG Baar, Switzerland www.sika.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1910

• Sealants

REVENUE: $2.3 billion L (2009: 2.1)

• Adhesives

KEY EXECUTIVES Walter Grüebler, chairman of the board; Ernst Bärtschi, CEO; Group management: Alexander Bleibler, construction, contractors; Christoph Ganz, construction, distribution; Ernesto Schümperli, construction, concrete; Bruno Fritsche, industry; Silvio Ponti, Europe North; Hubert Perrin De Brichambaut, Europe South; Iven Chadwick, IMEA; Paul Schuler, North America; Jose Luis Vazquez, Latin America; Jan Janisch, Asia Pacific.

• Protective coatings

ika’s product line includes concrete admixtures, sealants, adhesives, corrosion inhibitors, specialty mortars, epoxy resins, structural strengthening systems, grouts, anchoring adhesives, overlays, and protective coatings. The sale of adhesives, sealants and coatings amounted to approximately $2.3 billion in 2010, up from $2.1 billion the previous year. These products are spread out across the construction segment, which is responsible for about 80 percent of revenue, and the industry segment, which makes up the remaining 20 percent.

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During the year, Sika AG’s subsidiary Sika (Japan) Ltd. acquired the construction sealant business of Henkel Japan Ltd. The acquired business includes the well-known trademarks, Bellace and Duribbon, which are well established in the Japanese construction market with annual sales of approximately

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$11.5 million. With this acquisition, Sika will complement its Sikaflex range and strengthen its market position in the Japanese construction sealant market. Sika Corporation, the U.S. subsidiary of Sika AG, acquired the automotive glass replacement business of ADCO Products, Inc. The business acquired reaches an annual turnover of approximately $7 million and will be integrated into Sika’s aftermarket business unit in the U.S. and its industry division in Canada and Latin America. As part of the transaction, Sika acquired the rights to the Titan brand name of auto glass adhesives. Sika Corporation also acquired the Green streak Group, Inc. Headquartered in St. Louis, Missouri,/USA annual revenues for Greenstreak are approximately $30 million.

Jotun AS Sandefjord, Norway www.jotun.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1926

• Decorative paints

REVENUE: $2.0 billion L (2009: 1.8)

• Marine and protective coatings

KEY EXECUTIVES Morton Fon, president and CEO; The management team: Bard Tonning, Jotun Dekorativ; Erik Aaberg, Jotun Paints; Esben Hersve, Jotun Coatings; Martin Chew, Jotun Powder Coatings; Ben Guren, CFO.

• Industrial coatings • Powder coatings

he Jotun Group consists of four Divisions: Jotun Dekorativ, which has responsibility for Jotun’s trade and DIY decorative paints business in Scandinavia; Jotun Paints, which covers decorative paints in all markets outside Scandinavia and also sells marine and protective coatings for selected markets in the Middle East and South East Asia; Jotun Coatings has global responsibility for marine and protective coatings and also decorative paints in selected local markets in Europe and markets in Asia. Jotun Powder Coatings covers global powder coatings and the product portfolio caters to the architectural, functional and industrial market segments.

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During the year, Jotun Saudia inaugurated a new state of the art paint factory in Yanbu. The company invested roughly $27 million in the factory that will exclusively produce waterborne paints. Jotun’s production capacity in Saudi Arabia is 110 million liters of paint, making it one of the largest in the Middle East. Jotun was chosen to supply 400,000 liters of paint to the 58 | Coatings World

Taizhou Yangtze Bridge in China, which has a designed length of 6.2 kilometers, which is equal to nearly four miles. The paint supply contract for Taizhou Yangtze Bridge in Jiangsu Province in China is an important milestone for Jotun's bridge segment and was signed by Jotun Protective Coating China. With 2x1080 meters spans connecting three towers, the Taizhou Yangtze Bridge will be the biggest three-tower suspension bridge in the world. The construction of the Taizhou Yangtze Bridge started in 2010, and will be completed during 2014. On the new product front, Jotun Powder Coatings launched the Cool Shades Collection, a new collection of powder coatings formulated to reduce the temperature of aluminum building components that are exposed to the sun, thereby contributing to lowering buildings’ energy consumption and cooling costs. Jotun also launched its Lady Effects premium paint range in the UAE during the year.

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July 2011

2011

Top Companies

Asian Paints Limited Mumbai, India www.asianpaints.com

PUBLIC COMPANY YEAR ESTABLISHED: 1942 REVENUE: $1.9 billion  (2009: 1.1)

MARKETS SERVED • Architectural coatings • Industrial coatings • Automotive coatings

sian Paints is India’s largest paint company and ranked among the top ten decorative coatings companies in the world with sales of $1.9 billion in 2010. Sales came largely from the company’s architectural and decorative operations (90 percent) while its automotive and industrial coatings sales (10 percent) made up the remaining.

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Asian Paints operates 24 manufacturing facilities across the globe. The largest share is in South Asia where the firm runs 12 plants spread throughout India, Sri Lanka, Nepal and Bangladesh. There are five plants in the Middle East in Egypt, Oman, Bahrain and Dubai. One facility is operated in South East Asia in Singapore. In the South Pacific islands of Fiji, Vanuatu and Samoa, Asian Paints runs three plants. Lastly, in the Caribbean, Jamaica, Barbados, and Trinidad and Tobago each are home to a facility. Subsidiaries include Berger International, SCIB Paints – Egypt, Asian Paints, Apco Coatings and Taubmans.

KEY EXECUTIVES PM Murty, CEO; KBS Anand, president, architectural, India; vice president, industrial, India; Jalaj Dani, president, international operations.

During the year, Asian Paints began the process of forming a second 50:50 joint venture with PPG, which will focus on protective coatings, light industrial coatings, industrial container coatings and powder coatings in the Indian market. This joint venture will leverage the market presence and access of Asian Paints in the domestic market with the global scale and technology of PPG. Asian Paints will have effective management control of this JV. Asian PPG Industries Limited (APPG), the existing 50:50 JV with PPG in the area of transportation coatings which was formed in 1997 will now additionally cover marine coatings, consumer packaging coatings and other liquid industrial coatings segments. PPG will have effective management control of this JV. Also during the year, Asian Paints said it is investing approximately $22 million to set up a new paint plant in Khandala, Maharashtra, India.

The Comex Group Mexico City, Mexico www.thecomexgroup.com PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1959

• Architectural coatings

REVENUE: $1.6 billion  (2009: 1.3)

• Industrial coatings

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KEY EXECUTIVES Marcos Achar, CEO, Comex Group; Leon Cohen, president, Comex Mexico; Marcos Achar Meyohas, vice president treasurer; Elias Achar, vice president operations; Kent Child, president, U.S. and Canada.

• Automotive refinish coatings • OEM (non-automotive)

omex Group is the largest paint company in Mexico and with its combined U.S. acquisitions its revenue is approximately $1.6 billion. Roughly 75 percent of sales came from the architectural segment, 15 percent from industrial coatings, five percent from OEM (excluding automotive) and five percent from auto refinish.

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As the leading paint producer in Central and South America and the fourth largest architectural paint manufacturer in North America, Comex serves professional and DIY customers through more than 3,300 locations from Canada to Panama. Comex Group’s wide range of products are manufactured and marketed through a group of regional companies. Comex Group’s companies in the U.S. and Canada were formerly part of Professional Paint, Inc. (PPI). PPI was brought into the Comex Group in 2004. PPI’s network of regional paint formulators sell under different brands in the U.S. including Color Wheel in Florida, Frazee in California, Kwal Paint in Colorado, Parker Paint in the U.S. Pacific July 2011

Northwest and General Paint in Canada. Comex’s industrial line of paint, coatings and building products complement PPI’s residential and commercial paint lines. Comex Group also operates Comex Mexico and Comex Central America. In recent news, one of Comex’s partner companies, Color Wheel Paint, formed a new partnership with Decorative Designs, an established full service custom faux finishing studio located in Ocala, Florida. Their 4,500 square foot showroom floor also serves as a creative center with a designated classroom space, inviting customers to experience the latest in color trends, cabinet refinishing, faux finishing and custom concrete flooring. Decorative Designs has been serving Florida for over 10 years, offering classes to the beginner and professional in many of the faux finishing industry's techniques and products.

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2011

Masco Corporation Taylor, Michigan/USA www.masco.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1929

• Architectural coatings

KEY EXECUTIVES Richard Manoogian, chairman; Timothy Wadhams, president and CEO; Donald DeMarie, executive vice president and COO.

REVENUE: $1.4 billion (2009: 1.5)

asco Corporation produces architectural coatings including paints, primers, specialty paint products, stains and waterproofing products. The products are sold in the U.S., Canada, China, Mexico and South America under the brand names Behr, Kilz and Expressions to DIY and professional customers through home centers, paint stores and other retailers. Sales of architectural coatings comprised approximately $1.5 billion in 2010, which was flat compared with last year’s revenue.

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The firm’s high profile Behr products are sold through The Behr Process Corporation to The Home Depot, the segment’s and company’s largest customer. The paint departments at The Home Depot stores include the Behr color center and computer kiosk with the Color Smart by Behr computerized color-matching system that enables consumers to select and coordinate their paint color selection. In 2009, Behr’s product offering was enhanced by the introduction of the Behr Premium Plus Ultra interior paint, which is a high-

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quality, low volatile organic compound, interior paint and primer in one. Masco said the loss of this segment’s sales to The Home Depot would have a major adverse effect on its overall business. Masterchem Industries, manufacturer of architectural coatings including its flagship Kilz brand products, recently introduced its latest innovation—Kilz Pro-X Interior Latex Paint. Engineered for painting and wall covering contractors, general contractors, residential remodelers, commercial and property managers, as well as professionals involved in new construction, Kilz Pro-X is sold exclusively through The Home Depot. Kilz Pro-X is available in two series— Kilz Pro-X – 300 Series and Kilz Pro-X – 100 Series. The 300 series is a high-quality interior latex paint series that offers premium performance with an environmental edge. . The 100 series is an economical production grade interior latex paint series ideal for ceilings and walls. It can be tinted to five classic white colors.

DAW (Deutsche Amphibolin Werke) Ober-Ramstadt, Germany www.caparol.de

PRIVATE COMPANY

MARKETS SERVED

KEY EXECUTIVES

YEAR ESTABLISHED: 1895

• Architectural coatings

Ralf Murjahn, CEO

REVENUE: $1.4 billion ▲ (2009: 1.25)

he parent company of the Caparol Group is the Deutsche Amphibolin-Werke von Robert Murjahn Stiftung & Co KG (DAW). DAW was founded in 1895 and today carries out the central functions such as purchasing, production and finances. DAW is the leading German decorative paint manufacturer with sales of $1.43 billion, all in the decorative coatings segment. The Caparol brand is the leading brand within the DAW Group. The marketing activities are subdivided into six strategic business units.

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In the professional business unit high quality paints, enamels, glazes, chemical building products and materials for facades and insulation technology are marketed under the brands Caparol, Alligator and Alsecco for professional users. The product range of the brand Alpina, which is active in the DIY business unit, is mainly composed of environmentally friendly, non-noxious, easily worked and high quality decorative paints, enamels and glazes 60 | Coatings World

and is aimed at the end-user. The wholesale business unit comprises an extensive range of services for the professional paint wholesalers provided by the company Caparol Marketing Service (CMS). The industrial business unit is supported by the company Caparol In dustrial Solutions whose products and services are exclusively orientated to the requirements of industrial customers. Lastly, the Nerchau decorating and artist’s paints is located in Saxony and produces high quality paints for educational, hobby and artistic requirements. With 3,700 employees and a large number of production sites at home and abroad, the Caparol Group is one of the leading companies for paints, enamels and building protection in Europe. In the professional and also DIY markets the company with its headquarters in the Rhine-Main region is the market leader with its brands Caparol and Alpina.

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2011

Top Companies

H.B. Fuller Company St. Paul, Minnesota/USA www.hbfuller.com

PUBLIC COMPANY YEAR ESTABLISHED: 1887

MARKETS SERVED • Adhesives

KEY EXECUTIVES Jim Owens, president and CEO; James Giertz, senior VP and CFO; Kevin Gilligan, VP, Asia Pacific; Steven Kenny, senior VP, EIMEA; Barry Snyder, VP and chief technology officer.

REVENUE: $1.35 billion ▲ (2009: 1.2)

.B. Fuller Company is a global manufacturer and marketer of adhesives and other specialty chemical products. The company is managed through four regional operating segments— North America, Europe, Latin America and Asia Pacific. The largest business component in each of the regional segments is adhesives. H.B. Fuller posted sales of $1.35 billion in 2010.

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During the year, H.B. Fuller acquired Revertex Finewaters, a leading supplier of adhesives in Malaysia. Revertex Finewaters strengthens the company’s presence in Southeast Asia and adds $18 million in annual revenue. Revertex Finewaters operates a well developed export network throughout Southeast Asia, including Thailand, Indonesia, Philippines, Vietnam and Singapore. H.B. Fuller also closed on a new, $200 million facility that provides additional flexibility for future growth efforts. The company also exited its polysulfide-based insulating glass sealant business in Europe, allowing better focus on the com-

pany’s core growth markets. In May 2010 H.B. Fuller’s manufacturing facility in Nanjing, China opened for business. According to the company, it is the first multinational adhesives company in the region with a manufacturing facility focused on reactive hot melt technologies. Later in the year, a groundbreaking was held for the company’s new $12 million manufacturing facility near Pune, India. It represents H.B. Fuller’s commitment to establishing a presence in the fast-growing Indian adhesives market. The company currently has a small but growing presence in the Indian adhesives market, estimated between $300 to $400 million annually. The plant is expected to be operational by August 2011. In November Jim Owens was appointed president and CEO of H.B. Fuller and a director of the board. He succeeded Michele Volpi, who led the company for the previous four years.

KCC Corporation Seoul, South Korea www.kccworld.co.kr PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1958

• Marine and container coatings

• Automotive coatings

REVENUE: $1.3 billion

• Automotive refinish

• General industrial coatings

• Decorative coatings

• Powder coatings

orea Chemical Co., Ltd. was established in 1958 and is now the largest paint producer in South Korea. The company is involved in the production of paints for automobiles, ships, containers, construction and industrial use. It also manufactures PVC material for flooring and paint sealant.

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Paint for the automotive OEM segment is the largest and accounted for 33 percent of sales. Decorative coatings accounted for just over eight percent; general industrial four percent; marine coatings 14 percent; powder coatings just over one percent; pre-coated metal nearly 19 percent; and the remainder of sales is not detailed. The company was formerly known as Kumkang Korea Chemicals Co., Ltd. and changed its name to KCC Corporation in March 2005. KCC Corporation is headquartered in Seoul, South Korea. July 2011

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KEY EXECUTIVES Mong Jin Chung, chairman; Mong Ik Chung, CEO; Joong Gil Lee, marketing director; Won Ho Lee, technical director; Segment managers: Jin Ho Kim, decorative and automotive refinish; Gap Hyun Yeo, general industrial and powder coatings; Won Ki Hong, marine; Sung Ki Rye, automotive.

On the technology front, KCC’s Korepox EH2350 is a ship paint characterized by salt water and abrasion resistance as well as anti-corrosiveness. This paint is applied to steel structures such as tanks, pipes and warehouses that need long-term protection under extremely corrosive marine conditions. Korepox EH2350 has been applied to more than 500 ships since its development in 1993. The product has passed all the tests required by PSPC (Performance Standard for Protective Coating) of IMO (International Maritime Organization) and obtained all other necessary certificates from classification societies in the U.S. (ABS), Britain (LR), Norway (DNV) and Japan (NK). In 2009 it won a World’s Best Product and Manufacturer award supervised by the Korea Productivity Department of the Ministry of Knowledge Economy.

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2011

Hempel A/S Kgs. Lyngby, Denmark www.hempel.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1915

• Architectural coatings • Marine and protective coatings • Container coatings • Yacht coatings • Decorative coatings

REVENUE: $1.2 billion ▲ (2009: 1.1)

KEY EXECUTIVES Pierre Yves Jullien, group president and CEO; Kim Junge Andersen, group executive VP and CFO; Key managers: Jannik Allentoft, marine; Sueno Johnsen, protective; Lars Hermansen, container; Christian Ottosen, yacht; Soren Nyburg Rasmussen, technical director.

t the start of 2010 Hempel opened a new R&D center in Barcelona, Spain. The expanded center will enable Hempel to develop and customize products faster, respond to customer needs more efficiently and help customers conform to rapidly changing environmental legislation. Hempel’s R&D investment program called for the expansion of its existing laboratory in Spain.

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The state-of-the-art facility in Polinyà (Barcelona) previously focused on developing Hempel’s range of antifouling coatings and developing products for Spanish customers. Now, after €2 million expansion project, the R&D Centre is able to apply its knowledge to support European businesses with protective, decorative and yacht coatings developed specifically to meet European and country legislation. Hempel also opened a new manufacturing facility in Buk, Poland. Able to produce the company’s full range of coatings for

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the Central and Northern European market, the factory has a total capacity of 40 million liters a year and can be expanded to supply 60 million liters a year if needed. The €25 million project was completed in nine months. At the end of the year Hempel opened a new manufacturing facility in Guangzhou, China that includes a new research and development center, which is the third largest R&D facility within the Hempel Group. With 56,000 square meters of space, Hempel’s newest and largest factory, located in Guangzhou, China, is expected to produce more than 42 million liters of coatings per year, with a maximum production capacity of 55 million liters. The Guangzhou factory replaces Hempel’s oldest Chinese factory in Shekou, China. Hempel’s Guangzhou factory was completed in 14 months at a cost of approximately €22.5 million.

Chugoku Marine Paints Tokyo, Japan www.cmp.com.jp

PUBLICC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1917

• Marine coatings

• Industrial coatings

REVENUE: $1.1 billion ▲ (2009: 930M)

• Container coatings

• Adhesives

KEY EXECUTIVES

hugoku Marine Paints, Ltd. is a Japan-based company engaged in the manufacture and sale of paints, as well as the provision of contract painting services. The paint-related segment manufactures and sells paints for ship, industrial and container uses, as well as adhesives.

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Chugoku Marine Paints (Shanghai), Ltd., a subsidiary located in Jiading District, Shanghai, China, completed construction of its second factory and began operations. This factory, the company’s third manufacturing plant in China following the first Shanghai factory and the Guangdong factory, was established in order to strengthen the company’s productivity and competitiveness, as well as increase customer satisfaction. The new factory will supply paints for vessels, industrial paints for bridges, industrial plants, steel structures, etc. and resins for paints. 62 | Coatings World

Tetsuo Yamazumi, chairman; Masataka Uetake, president and CEO.

In terms of new technology, Seaflo Neo is a high performance TBT-free hydrolysis antifouling coating. It utilizes a special and unique polymer to deliver an ultra smooth surface and excellent self-polishing performance, thus providing long-term antifouling protection, low friction resistance and low fuel consumption. Seaflo Neo is the lowest VOC (330g/L) antifouling in the hydrolysis category, the company said. CMP developed the Double Cylinder Friction Resistance Equipment to analyze the product’s resistance in seawater with the Tokyo University of Science and the National Maritime Research Institute. The test revealed that Seaflo Neo reduced frictional resistance by eight percent compared to conventional antifouling paints. This predicts a three to fiver percent fuel saving when Seaflo Neo is applied to ships in service.

www.coatingsworld.com

July 2011

2011

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AB Wilh. Becker Hoganas, Sweden www.becker.se

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1865

• Industrial coatings

REVENUE:

• Architectural coatings

$1.050 billion

• Artist colors and fine art materials

KEY EXECUTIVES Beckers Group: Jenny Linden Urnes, chairman; Erik Urnes, CEO; Mats Hansson, CFO and executive vice president; Becker Industrial Coatings: Boris Gorella, CEO; ColArt: Thomas Brautigam, CEO.

eckers sold its wood finishes division, Becker Acroma, to Sherwin-Williams in 2010. At the time of the sale Becker Acroma was one of the largest manufacturers of industrial wood coatings globally and a technology leader in water and other wood coatings technology with annual sales of approximately $300 million. Included in the divestment were Becker Acroma’s nine manufacturing facilities, 19 mixing sites and 13 technical centers around the world, which serve the joinery, kitchen cabinet, furniture and flooring markets. Also during the

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year a new CEO was appointed for Becker Industrial Coatings. Boris Gorella succeeded Ralph Kabalo as the new chief executive and leader of the global BIC business. October 2010 saw the official grand opening of a new high performance coatings plant in Tianjin in northern China, dedicated to consumer design finishes products.

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• Textured coatings

YEAR ESTABLISHED: 1955

• Architectural paints

REVENUE: $831 million

• Industrial coatings • Floor coatings and roof coatings

MARKETS SERVED

• Fire retardant and heat

• Specialty coatings

insulating coatings

KEY EXECUTIVES Minoru Fujii, president; Masahide Sakamoto, executive director; Mitsuhiro Fujii, managing director.

K Kaken Co., Ltd. manufactures and sells organic or inorganic water-based painting materials, synthetic resin coatings, inorganic painting and construction materials, and special finisherers. Coatings sales in 2010 were $831 million. It also offers fireproof paints, and various transformation goods and cleaning agents; and involves in the contract of fireproof and insulated construction. The company was formerly known as Shikoku Kaken Industry Co., Ltd. and changed its name to SK Kaken Co., Ltd. in 1991. SK Kaken Co., Ltd. was founded in 1955 and is headquartered in Ibaraki-City, Japan.

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July 2011

Materis Paints S.A. Clichy, France www.materis-paints.com

PUBLIC COMPANY

MARKETS SERVED

REVENUE: $1.0 billion

• Architectural coatings

KEY EXECUTIVES Olivier Legrain, Materis chairman; Rene Riu, president, Materis Paints.

n 2006, French investor Wendel Investissement purchased

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chemicals producer Materis from private equity group LBO France. Materis Paints is the largest business within the Materis group of companies representing 41 percent of sales, or $1 billion in 2010. Materis’ brands include Tollens, Zolpan, Max Meyer, Ducco and Robbialac. In terms of market position, Materis Paints holds leading positions in the areas it operates. The firm is number four in Europe, number two in France and Portugal, number one in Italy, number four in Spain and Morocco and number five in Argentina.

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SK Kaken Ibaraki-City, Japan www.sk-kaken.co.jp

Top Companies

PUBLIC COMPANY

Dai Nippon Toryo Osaka, Japan www.dnt.co.jp

MARKETS SERVED

YEAR ESTABLISHED: 1929 • Automotive OEM coatings REVENUE:

• Automotive refinish

$828 million

• Marine coatings • Decorative coatings

KEY EXECUTIVES Fumitake Yamashita, president; Norihiro Mashima, director of finance, executive officer; Nobukazu Kawamoto, director of overseas operations; Isamu Suzuki, director of business development; Yoshinori Hirotani, director of marketing; Shin Emi, manager of industrial coatings.

ai Nippon Toryo Co., Ltd. operates in the paint industry primarily in Japan. DNT’s coatings revenue in 2010 was $828 million. It offers various coating products, which include heavy duty, industrial, automobile, refinishing, marine, home use paints, plastics and powder. The company also provides machines and equipment for paints manufacturing and coating applications. In addition, it offers its products in various fields, including electrical home appliances, housing, automobiles and information-related equipment, as well as for infrastructures, including high-rise buildings and largescale bridge construction. Dai Nippon Toryo Co., Ltd. was founded in 1929 and is headquartered in Osaka, Japan. In August 2008, Dai Nippon Toryo acquired a 67 percent state in Tokyo-based Daia Keiko Co., Ltd.

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2011

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Tikkurila Oyj Vantaa, Finland www.tikkurila.com

PUBLIC COMPANY

YEAR ESTABLISHED: 1862 REVENUE: $781 million MARKETS SERVED • Decorative coatings

KEY EXECUTIVES Erkki Jarvinen, president and CEO; Jukka Havia, CFO; Petri Miettinen, VP, supply chain and HSEQ; Anna-Lena Hogfeldt, VP, group marketing; Kenneth Sundberg, VP, R&D; Janno Paju, VP, East; Niklas Frisk, VP Scandinavia; Arto Lehtinen, VP, Finland; Ilpo Jousimaa, VP, Central Eastern Europe.

• Industrial coatings

Lord Corporation Cary, North Carolina/USA www.lord.com

PRIVATE COMPANY

• Industrial metal bonding

YEAR ESTABLISHED: 1919 REVENUE: $765 million MARKETS SERVED • Automotive aftermarket

KEY EXECUTIVES Richard McNeel, chairman, president and CEO; Jack De Leon, COO; Sharon • Corrosion control coatings Williams, senior VP, strategy and market development; Ed Auslander, VP, • High performance/heat global business management. reflective coatings adhesives

adhesives

ikkurila’s operations are divided into two business areas. Tikkurila Deco, which accounts for roughly 80 percent of revenues and sells decorative paints to consumers and professionals in more than 5,000 retail sales outlets in more than 40 countries, while Tikkurila Industrial Coatings, which accounts for 20 percent of revenues, provides coating solutions to customers in the wood and metal industries. Tikkurila is the leading regional paints and coatings company in Finland, Sweden and Russia. During the year, the Finland

pavilion's steel frame, all the interiors as well as the entrance and the courtyard exterior walls. Visitors were especially charmed by the "frozen lake" with painted fish decorations on white concrete floors.

ord Corporation produces and sells general purpose and specialty adhesives and coatings. The privately held firm recorded coatings and adhesives sales of approximately $765 million in 2010. Lord Fusor automotive aftermarket adhesives are used to return vehicles to pre-accident condition and include adhesives for bonding, metals and plastics, seam sealers and acoustical foams. Lord’s industrial metal bonding adhesives can replace welds, rivets, screws, tape and other traditional fastening methods. Lord also has a line of elastomer bonding formulations that can accommodate commercially available elastomers, diverse metals and rigid plastic substrates. In terms of coatings, Lord manufacturers corrosion control coatings, specifically the MetalJacket line of coatings that protects substrates against corrosion and improves bonding properties. Lord also offers high performance/heat reflective coatings.

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pavilion received a Golden Statue for the best Pavilion Design in category B when the best pavilions of Shanghai World EXPO 2010 were awarded at the year-end by BIE (Bureau International des Expositions) in Shanghai. Tikkurila supplied paints and lacquers for the

Shawcor Toronto, Ontario, Canada www.shawcor.com

PUBLIC COMPANY MARKETS SERVED REVENUE:

• Pipe coatings

$728 million

KEY EXECUTIVES V.L. Shaw, chair of the board; W.P. Buckley, president and CEO; J.D. Tikkanen, president, Bredero Shaw.

he pipe coating division of Shawcor Ltd., Bredero Shaw is the world’s largest pipe coating manufacturer with sales of roughly $728 million in 2010. In early 2010 Bredero Shaw entered into a joint venture agreement with ArkhTekhnoProm, an affiliate of Mezhregiontruboprovodstroi, the leading Russian offshore pipeline contractor. The joint venture will establish a pipe coating facility in the Arkhangelsk Region, Russian Federation that will provide advanced concrete weight coating services for the emerging northern Russia offshore pipeline market. In other expansion news Bredero Shaw completed the acquisition of the remaining 50 percent interest in Thermotite Brasil Ltda. and BS Servicios de Injeção that it did not previously own. The purchase price was $37.9 million. Since 2006, Bredero Shaw has been a partner in this joint venture in the offshore thermal insulation market in Brazil.

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DuluxGroup Limited Clayton, Victoria, Australia www.deluxgroup.com.au

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1918

• Decorative coatings

REVENUE:

• Powder coatings

$700 million

• Industrial coatings

KEY EXECUTIVES Peter Kirby, chairman; Patrick Houlihan, managing director and CEO; Stuart Bloxer, executive director and CFO.

n July 2010 DuluxGroup Limited ceased to be a subsidiary of Orica Limited and became a separately listed entity on the Australian Securities Exchange (ASX). DuluxGroup consists of four business segments: Paints Australia, which is Australia’s leading marketer and manufacturer of premium branded decorative paints, texture, protective and wood care coatings products; Paints New Zealand, which is New Zealand's leading marketer and manufacturer of premium branded decorative paints, texture and wood care coatings products; Selleys Yates, which is Australia and New Zealand's leading marketer and manufacturer of home improvement and garden care products; and the Offshore and other segment comprises Australia and New Zealand’s leading marketer and manufacturer of powder and industrial coatings. Dulux Paints in Papua New Guinea and DuluxGroup’s China and Southeast Asia businesses are known as DGL International. Excluding the Selleys Yates operation, DuluxGroup recorded sales of $700 million in 2010.

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Benjamin Moore Montvale, New Jersey/USA www.benjaminmoore.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1883

• Architectural coatings

REVENUE: $695 million

• Wood coatings

KEY EXECUTIVES Denis Abrams, president and CEO; Jim Megin, VP finance, CIO and treasurer; Barry Cladwick, VP market development and product; Ken Marino, VP supply chain.

REVENUE: $562 million

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Helios Domzale, Slovenia www.helios.si

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1924

• Decorative coatings

REVENUE: $386 million

• Car refinishes

KEY EXECUTIVES Uros Slavinec, president; Marko Vresk, vice president; Branko Pas, vice president.

elios Group is the leading manufacturer of coatings in South Eastern Europe with approximately 3,000 employees in more than thirty companies in fourteen countries and recorded sales of $386 million in 2010. Recently Helios strengthened its operations in Slovenia and opened a car refinishing coatings center and a production plant for water-based coatings in Domzale. The coatings manufacturer also opened a center for metal coatings in Medvode, Slovenia. Helios invested €14 million in the three projects. Additional resources will be invested in the production plant for water-based coatings and the car refinishing coatings center until 2012. Currently the production capacity of decorative and car refinishing water-based coatings is 500 tons per month.

July 2011

KEY EXECUTIVES Albert Gnagi, chairman of the board of directors; Michel Riva, executive VP, bonding systems.

orbo’s Bonding Systems business unit is among the world’s leading suppliers of industrial adhesives. The unit recorded sales of $562 million in 2010. The division installed a new production line for thermoplastic hotmelts for the packaging industry in Spain and built a new assembly line for parquet adhesives in its building and construction adhesives business in Germany. In fall 2010, Bonding Systems inaugurated its new production plant for industrial adhesives in Guangzhou, southern China, where there is also a new research and development center for the whole Asian region. Bonding Systems also developed a new generation of water-based adhesives for high-speed applications in processing folding cartons. Also a thermoplastic polyolefin hotmelt was developed for the packaging industry that adheres at lower temperatures than conventional adhesives. The building and construction adhesives business launched new applications with lowdust products for leveling compounds and ceramic tiles.

Freeworld Coatings Johannesburg, South Africa www.freeworldcoatings.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1891

• Decorative coatings

REVENUE:

• Performance coatings

KEY EXECUTIVES Bobby Godsell, chairman; Andre Lamprecht, CEO.

$379 million

• Metal coatings

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MARKETS SERVED

YEAR ESTABLISHED: 1928 • Industrial adhesives

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Forbo Baar, Switzerland www.forbo.com

PUBLIC COMPANY

uring the year Benjamin Moore and Constellation Energy inaugurated a new solar power system that is expected to generate 68 percent of the electricity needs for Benjamin Moore's 80,000 square foot product development center and testing laboratories. The solar power system at the company's Flanders, NJ, R&D facility comprises 8,600 crystalline photovoltaic solar panels, making it one of the largest on-site solar power systems in the state. Benjamin Moore & Co. teamed with the retail division of Constellation Energy to develop the 1.7-megawatt system. Under a 20-year solar power purchase agreement, Benjamin Moore is providing the land and will purchase all of the electricity from the solar panels. Constellation Energy will build, own and maintain the system. It estimates that using non-renewable sources to generate the same amount of electricity expected to be produced by the new solar installation would result in the release of tons of carbon dioxide.

Top Companies

fter a year of bitter opposition, a competition watchdog recently approved Kansai Paint’s $260 million takeover bid of Freeworld Coatings. This deal represents a significant push into the continent for Japan’s largest paint and coatings maker with $2.4 billion in sales revenue. Despite more than 90 percent of Freeworld shareholders indicating they favored the takeover, the company had bitterly opposed the offer since Kansai made it in April last year. South Africa’s Department of Trade and Industry made a submission to the commission asking that the takeover be prohibited on the grounds that the paint market was highly concentrated, and it constituted a threat to the government’s localization drive. The commission agreed with the department and gave the green light to the transaction on the condition that Kansai divested the automotive coatings business it operated in a joint venture with DuPont, as it would create a “forum for collusion.” According to the deal, Kansai must manufacture decorative coatings in South Africa for 10 years; establish a manufacturing facility within five years and invest in local research and development.

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Berger Paints India Ltd. Kolkata, India www.bergerpaints.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1923

• Decorative coatings

REVENUE: $378 million

• Automotive coatings • Industrial coatings

KEY EXECUTIVES

Nihon Toksuhu Toryo Co. Ltd. Tokyo, Japan www.nttoryo.co.jp

PUBLIC COMPANY

Subir Bose, managing director, executive director; Kuldip Singh Dhingra, chairman of the board; Anirudha Sen, vice president.

YEAR ESTABLISHED: 1929 REVENUE: $369 million MARKETS SERVED • Decorative coatings

KEY EXECUTIVES Masahiro Nojima, president, representative director; Makio Sakai, managing director, chief director of automobile product business, president of subsidiary; Jun Taya, managing director, chief director of operation, director of general affairs; Takehiro Toyoshima, chief director of painting materials business, director.

• Performance coatings

erger Paints was founded in 1923 and is India’s second largest decorative paints player with sales of $378 million in 2010. It is active in a wide variety of decorative and industrial paint sectors and continues to gain an increasing share of the highly competitive Indian paint market. Apart from operations in Russia, with a production facility at the Berger manufacturing unit at Krasnodar, Berger has also expanded its footprint in Nepal by setting up a second unit. Today Berger’s sister company in Bangladesh is the dominant leader with over 65 percent market share. In keeping with the company’s dynamic growth plan, Berger has also acquired Bolix SA of Poland, a leading provider of External Insulation Finishing Systems (EIFS) in Eastern Europe. Berger is also the lone supplier to India’s nuclear power plants.

ihon Tokushu Toryo Co., Ltd. is a Japan-based manufacturing company that operates in two business segments. The Paint-related segment manufactures and sells paints and soundproof materials. This segment is also involved in the paint-related and soundproof material-related construction work. The Automobile Product-related segment manufactures and sells automotive soundproof materials, such as damping materials, acoustic absorbents and sound insulators, as well as antirust materials. Additionally, the segment is also engaged in the research and development of automobile acoustics. As of March 31, 2010, the Company had nine subsidiaries and 10 associated companies in Japan, as well as overseas markets, including the United States, Thailand, China and Singapore. The company was founded in 1929, is headquartered in Tokyo and recorded sales of $369 million in 2010.

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Ennis Traffic Safety Solutions Dallas, Texas/USA www.ennistraffic.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED:

• Traffic marking paint

1996 REVENUE: $355 million

KEY EXECUTIVES Bryce Anderson, chairman; John Anderson, global director; John Midea, president and CEO; James McClennan, CFO, Andrew Liebert, VP, marketing; Scott Seeley, global marketing; Tony Turoso, technical director.

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PUBLIC COMPANY

• Pipe coatings

YEAR ESTABLISHED: 1902

KEY EXECUTIVES George Buckley, chairman, CEO and president; Joe Harlan, executive VP, electro and communications; Michael Kelly, executive VP, display and graphics; Jean Lobey, executive

REVENUE: $350 million MARKETS SERVED • Adhesives and sealants

nnis Traffic Safety Solutions is a global provider of pavement marking materials and traffic safety products. Headquartered in Dallas, Texas the company’s traffic paint business recorded sales of $355 million in 2010. Ennis operates 14 facilities worldwide including the U.S., Canada, the UK, Turkey, Italy and Australia. Recently Ennis’ traffic paint products were approved for sale and distribution by the Mexican government. Leading the Ennis team in Latin America is Alberto Merinos, marketing and sales manager for Latin America and the Caribbean. Ennis has distributed products in Mexico for more than 20 years including Stimsonite raised pavement markers and thermoplastic pavement material. Early in 2010 Ennis purchased a majority share in G.T. Industries, a manufacturer of pavement marking materials in Australia.

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3M St. Paul, Minnesota/USA www.3m.com

VP, safety, security and protection services; Moe Nozarri, executive VP, consumer and office; Brad Sauer, executive VP, health care; Hak Cheol Shin, executive VP, industrial and transportation.

uring the year, the city of Somerville, New Jersey applied the new 3M Scotchkote Spray In Place Pipe 269 Coating to a portion of its drinking water pipeline, as part of the U.S. Environmental Protection Agency’s (EPA) Aging Water Infrastructure Research Program. The 3M coating is a polyurea-based liner that resurfaces existing pipes to minimize water loss throughout the system. The EPA’s scientific and engineering research program evaluates promising innovative technologies, such as 3M’s Scotchkote Spray In Place Pipe (SIPP) Coating, that can reduce costs, and improve the effectiveness of operation, maintenance and renewal of aging drinking water distribution systems. 3M SIPP 269 Coating offers a sustainable, costeffective alternative to traditional water-pipe rehabilitation methods, such as total replacement and cement-mortar lining, that disrupt water flow to homes and businesses.

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National Paints Factories Co. Amman, Jordan www.nationalpaints.com

PRIVATE COMPANY

• Powder coatings

YEAR ESTABLISHED: 1969

• Marine coatings

REVENUE: $347 million

• Industrial coatings • Insulation system paints

MARKETS SERVED • Decorative coatings

KEY EXECUTIVES Michael Faeq Sayegh, chairman, Sayech Group; Saleem

Faeq Sayegh, GM, National Paints UAE; Ibrahim Faeq Sayegh, GM, National Paints Jordan and technical director; Faeq Michael Sayegh, GM, National Paints Egypt; Fares Michael Saeyegh, GM, National Paints Romania; Nazi Qopti Sayegh, marketing director.

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• Auto refinish coatings

MARKETS SERVED

• Powder coatings

• Decorative coatings • Industrial coatings

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PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1958 • Plastic coatings REVENUE: $330 million

KEY EXECUTIVES Shuhei Fukui, president; Shusaku Tomisawa, director; Yutaka Soma, director.

coatings

REVENUE: $333 million

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Musashi Paint Co. Ltd. Tokyo, Japan www.musashipaint.com

• Marine and protective

YEAR ESTABLISHED: 1946

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Samhwa Paints Industrial Co. Ltd. Seoul, South Korea www.spi.co.kr

PUBLIC COMPANY

ational Paints Factories Co., Ltd. (Sayegh Group) claims the number one position in the Middle East paint market with an annual production capacity of 300,000 tons of exports to more than 60 Arab and other countries. It is involved in a number of sectors including architectural/decorative (35 percent), industrial (35 percent), auto OEM (15 percent), auto refinish (10 percent) and marine (five percent). With coatings revenues of $347 million, National Paints is the major part of the privately owned Sayegh Group, established more than 75 years ago. During the year DuPont signed a DuPont Teflon surface protector trademark license agreement with National Paints. National Paints will co-brand three interior and two interior/exterior paints and a wood varnish with DuPont Teflon. National Paints will market the products in the UAE, Oman, Jordan, Yemen, Qatar, Bahrain, Saudi Arabia, Kyrgyzstan and Kazakhstan.

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KEY EXECUTIVES Jang Yeon Kim, chairman and CEO; Ja Hyun Koo, vice president and CEO production; Hak Heon Lee, vice president, management support; Ki Deuk Lee, senior managing director sales; Gyw Chul Lim, senior managing director technical; Bung Ju Choi, director China.

ounded in 1946 Samhwa Paints makes a wide range of products from DIY paints to architectural paints, heavyduty coatings, marine paints and special industrial coatings such as PCM coatings, car coatings, plastic coatings, UPE coatings, UV coatings and powder coatings. In 2010 Samhwa posted sales of $333 million. During the year the construction of the Samhwa Research Institute in China was completed in Zhangjiagang Co., Ltd. and the Gwangju office of Samhwa Paints built a new office building at Yongbong-dong, Buk-gu, Gwangju Metropolitan City. Also during the year the company set up a subsidiary in Vietnam in Bac Ninh. This local subsidiary is expected to produce about 500 tons of paint annually, including paint for plastic products such as mobile phones and vacuum cleaners as well as paints used for covering high-quality structures.

Noroo Paint Co. Ltd. Anyang-Si, South Korea www.noroo.co.kr

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 2006

• Architectural coatings

REVENUE: $315 million

• Industrial coatings • Automotive refinishes

usashi Paint Company Co., Ltd. manufactures and distributes coatings for household appliances, electronic devices, information technology devices and industrial products. It specializes in synthetic resin paints. The company provides touch feel, PRTR law adherent, water-based, UV, acrylic silicon, functional and special primer coatings, as well as coatings for molded plastics, laser etching and metal materials. In addition, it offers coatings for information/telecommunication devices, including mobile phones, laptop computers and digital cameras; coatings for household appliances, such as plasma/LCD televisions, DVD players, vacuum cleaners, refrigerators, dehumidifiers, air cleaners; and coatings for automobile devices, including navigation systems. Musashi Paint Company offers its products through dealers in Japan, Korea, Malaysia, Hong Kong, Taiwan, the United Kingdom and the U.S. The company was founded in 1958 and is based in Tokyo, Japan.

Top Companies

KEY EXECUTIVES Su Gyeong Kim, CEO; Hyeok Chun Gwon, vice president; Assistant managing directors: Yik Seon Hong; Gi Jun Kang; Chang Mo Ahn; Jae Bong Choi.

oroo Paint Co., Ltd. engages in the manufacture and sale of paints and coatings worldwide. Its products include architectural coatings, which comprise natural paint, general coatings, functional coatings and Decopia; waterproof and floor coatings; decorative coatings, such as lacquers, polyurethane paints, cracking paints, wood stain, and firekeeper; primer and topcoat heavy duty coatings; and industrial coatings, including metal coatings and pattern finishes. The company also offers coating equipment; and coatings for auto refinishes and plastic finishes, as well as coil coatings. Noroo Paint Co. was founded in 2006, is headquartered in Anyang-Si, South Korea and posted sales of $315 million in 2010.

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Carpoly Chemical Group Jiangmen, Guangdong Province, China www.carpoly.com

PRIVATE COMPANY

KEY EXECUTIVES

YEAR ESTABLISHED: 1993 REVENUE: $311 million MARKETS SERVED • Architectural coatings • Industrial coatings

Qiming Qiu, president; Shuchao Cao, chairman; Youwei Xu, vice board chairman and marketing manager; General division managers: Daimin Wang, technology center; Dewu Liao, home decoration; Wenhua Zhao, furniture paint; Lide Xu, architectural paint; Yanan Zhu, water-based paint; Kuigang Guo, ink; Qiang Zhou, Shanghai Carpoly; Shukun Wang, Sichuan Carpoly; Xiaobo Lu, Hebei Carpoly.

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1926

• Architectural coatings

REVENUE: $300 million

• Automotive refinish • Industrial coatings

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Fujikura Kasei Co. Ltd. Tokyo, Japan www.fkkasei.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED:

• Plastic coatings

1938

• Architectural coatings

REVENUE:

• Automotive coatings

$298 million

KEY EXECUTIVES Yoshiaki Hasegawa, chairman and CEO; Joji Washino, president and COO; Yuzo Saisu, senior managing director; Satoshi Yamashita, senior VP; Shigeru Takahashi, senior VP.

ujikura Kasei offers coatings for plastics, which include automotive interior and exterior, automotive lightings, cosmetic containers and enclosures, electronic appliances, plastic hobby items and plastic sheets; architectural coatings, such as exterior and interior building materials, decorative items and housing equipment; and electronic materials. In 2008, Fujikura Kasei’s U.S.-based operation, Fujichem, Inc., purchased 100% of Evansville, IN-based Red Spot Paint &Varnish Co., Inc. With sales of approximately $100 million, Red Spot is primarily active in the automotive coatings sector. Red Spots joint venture partners in Korea and the UK, as well as Red Spot’s licensees and customers in South America, Australia, Europe, Singapore and China, further broaden Fujikura’s global footprint to serve the global coatings for plastics market.

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KEY EXECUTIVES Joao Serrenho, chairmam, president and CEO; Angelo Machado, member of board; Fernando Jorge Ferreira, CFO.

• Protective coatings

s China’s coatings market continues to expand rapidly, domestic paint manufacturers like Carpoly Chemical Group are gaining more exposure on the world stage. Carpoly Group, founded in 1993, is today China’s largest domestic coatings manufacturer with sales of approximately $311 million in 2010. In 1993, the Carpoly brand was created in Shunde and in 1999, Xinhui Carpoly Chemical Co., Ltd., was established in Jiangmen. By the end of 2009, the Carpoly Group formally upgraded, with four regional companies in Guangdong, Sichuan, Shanghai and Hebei provinces. In 2010, Carpoly Group integrated Fabrico Chemical Co., Ltd. and Guangdong Zhenggao Industrial Co., Ltd. for IPO, and expanded the area of its business to range from paint to ink and packaging areas. Nearly all of Carpoly’s paint sales are in the architectural segment—96 percent— while just one percent is from industrial coatings sales. The remaining three percent is attributable to the sale of ink products.

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CIN Group Maia, Portugal www.cin.pt

IN (Corporação Industrial do Norte S.A.) is a Portuguese company that is the Iberian market leader for paint and coating products. The company was established in 1926 and is headquartered in Maia, Norte Region. During the year the Portuguese coatings group acquired Industrias de la Pintura, S.L (Palmcolor), based in Gran Canaria. The purchase was conducted through CIN's Spanish holding company, Amida Inversiones. Established in 1952, the company has seen an increase in both its range of products and its market share in recent years. It is currently market leader in the Canaries, with distribution centers on most of the islands. CIN currently owns two operations in Tenerife, and this acquisition will take the total number of employees in the Canaries to 130. In 2010 CIN generated approximately $300 million in sales, of which more than 50 percent came from outside of Portugal (France, Spain, Italy, China, Angola and Cape Verde).

Teknos Group Oy Helsinki, Finland www.teknos.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1948

• Architectural coatings

REVENUE:

• Industrial coatings

KEY EXECUTIVES Pekka Rantamaki, CEO; Soile Haavisto, financial director; Raimo Anjala, managing director.

$285 million

eknos Group Oy is the leading supplier of industrial coatings in Scandinavia with a strong position in retail and architectural coatings too. Teknos is one of Finland’s largest familyowned businesses. Group companies operate in Scandinavia, Germany, the United Kingdom, Poland, Slovenia and Russia, and through a wellestablished network of agents and representatives in about twenty other European countries. During the year Teknos and Polish firm Oliva signed an agreement to merge together and become one of the leading players in the Polish metal paint market. According to the agreement the new company will operate under Teknos-Oliva name and brand. Oliva is a well-known brand in Poland in the metal industry paints and yacht paints markets. In spring 2010 Teknos opened a new sales office and technical service center in Shanghai, China. In addition to sales and technical services, the operations of Teknos China cover a tinting service, logistics and warehousing provided through a local partner.

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Flugger Group Roedovre, Denmark www.flugger.com MARKETS SERVED

YEAR ESTABLISHED: 1785 • Architectural coatings REVENUE: $275 million

KEY EXECUTIVES Soeren Peschardt Olesen, CEO; Paul Wulff, CFO; Claus Bjoern, group sales director; Steen Hoff, group supply chain director.

Top Companies

Dyrup A/S Soborg, Denmark www.dyrup.com

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1928

• Architectural coatings

REVENUE: $273 million

• Wood coatings

KEY EXECUTIVES Jørgen Nicolajsen, CEO

lügger Group is one of Scandinavia’s largest suppliers of decorative paint, wood stain, wallcoverings, paint tools and cleaning articles. Flügger Group is represented by Flügger shops in Denmark, Norway, Sweden, Iceland, Poland and China. There are more than 500 Flügger shops, of which more than 200 are owned by the company. Apart from this, its subsidiary DAY-system contributes with sales from 214 shops in Denmark, Norway and Sweden. The other daughter company, PP Mester Maling, has 41 shops in Denmark. The company has five factories, and the two main ones are in Kolding, Denmark and in Bollebygd, Sweden. Here Flugger produces paint, wood stain, fillers and chemical products. In Kolding it produces water-based paint, and it comes to an amount of 20 million liters per year. In Bollebygd Flugger produces around 24 million liters of both water-based and turpentine-based paint per year. With origins that date back to 1785, Flugger Group generated sales of $275 million in 2010.

yrup is wholly owned by the Monberg & Thorsen Group. Recently it was announced that PPG Industries agreed to purchase Dyrup from the public holding company for approximately $200 million. Dyrup produces architectural coatings, in particular wood stains, and specialty products with 2010 sales of $273. It employs roughly 950 people and operates six manufacturing facilities in Europe. Its portfolio of brands includes Bondex, Gori and Xylophene, which are sold primarily in Denmark, France, Germany, Portugal, Poland and Spain through professional and DIY channels. After the departure of CEO Erik Holm, the board of directors has temporarily appointed Jørgen Nicolajsen as CEO of Dyrup A/S until a new CEO is appointed.

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TOA Group Bangkok, Thailand www.toagroup.com MARKETS SERVED

YEAR ESTABLISHED: 1957 • Architectural coatings REVENUE: $270 million

• Marine and protective coatings

KEY EXECUTIVES Arsa Sarasin, honorary chairman; Prachak Tangkaravakoon, president; Motoo Horiguchi, senior executive VP; Rams Das Ahuja, executive VP.

OA is the leading supplier of decorative coatings in Thailand with an estimated market share of 50 percent. The company manufactures products that cater to the mid-tier and premium-tier markets. The TOA Group of companies includes TOA Paint Thailand, which is TOA’s 100 percent Thai-owned main base of operation; TOA-Chugoku Paint, a joint venture between TOA Paint Thailand and Chugoku Marine Paint; TOA Union Paint Thailand, a joint venture company with Japanese-based wood coatings producer Union Paint; TOA Vietnam; Shanghai-TOA Paint; and TOA Paint Malaysia. TOA’s product portfolio includes the recently launched Ultra Premium Generation of coatings including Supershield, TOA 7 in 1 and Supershield Duraclean.

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Dunn-Edwards Corp. Los Angeles, California/USA www.dunnedwards.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1925

• Architectural coatings

REVENUE: $265 million

• Industrial coatings

KEY EXECUTIVES Kenneth Edwards, CEO; Karl Altergott, president and COO; Robert Hill, executive VP and CFO; Darlene Mitchell, VP and CIO; Monte Lewis, VP sales; Tim Bosveld, VP marketing.

unn-Edwards, founded in 1925, operates more than 100 stores in five western states: California, Arizona, New Mexico, Nevada and Texas. Dunn- Edwards is a supplier of architectural and industrial coatings, providing a complete line of paints and professional painting supplies to architects, designers, painting contractors, homebuilders and property managers in the Southwest; it also serves do-it-yourselfers, although professionals account for a majority of sales. The company has launched two unique new online tools: A Spec Guide based on project type (i.e. schools, health care facilities), and a Color Reference Center where HOAs and property management companies can archive approved color schemes for convenient access. During the year Dunn-Edwards introduced several new products including Contractor’s Edge interior maintenance flat and semi-gloss paint; Block-It Premium high-performance stain-blocking primer; Bloc-Rust Premium metal primer; and Enso, a premium, low odor, zero-VOC paint.

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Shanghai Coatings Co. Ltd. Shanghai, China www.chinascc.com

PRIVATE COMPANY

• Coil coatings

YEAR ESTABLISHED: 1915

• Marine coatings

REVENUE: $255 million

• Plastics coatings

MARKETS SERVED

• Industrial coatings

KEY EXECUTIVES Situ Guoji, chairman; Huang Zhiyong, general manager; Huang Youwei, executive vice general manager; Wu Jinglei, vice general manager; Yu Jianfeng, chief engineer.

JW Ostendorf Coesfeld, Germany www.jwo.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1948

• Decorative coatings

REVENUE: $251 million

KEY EXECUTIVES Michael Ostendorf, manager; Gerald Schaefer, manager; Martin Friedrich, manager; Christoph Koch, director of finance.

• Decorative coatings • Automotive coatings

hanghai Coatings Co. Ltd (SCC) has 90 years of history since her predecessor Kai Lin Paint Plant, the first Chinese paint plant, was established in 1915. The company owns 13 manufacturing subsidiaries, two research institutes and six joint ventures ranging from coatings, dyes, pigments, auxiliary agents and fine chemicals. Shanghai Coatings has ranked in the top 500 in sales among Shanghai industrial companies for five years straight and is one of the top 10 enterprises in terms of results in the Chinese coatings industry. SCC also boasts China’s first coatings brand—Winged Tiger coil coatings. The company also manufactures paint under the Yanjing brand. SCC paints are widely used throughout China’s industrial and civil fields. Some customers industrial customers include Volkswagen, General Motors’ Buick, Metro lines, maglev train, Baosteel and Three Gorges.

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Shoei Chemical Co. Ltd. Tokyo, Japan www.shoei-chem.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1956

• Architectural coatings

REVENUE: $250 million

• Industrial coatings

KEY EXECUTIVES Eiichi Asada, president and director; Shuichiro Asada, managing director; Directors: Yuji Akimoto; Katsumasa Fujimoto; Katsushi Oizumi; Katsuyoshi Shinbo; Toshio Kohzai; Yoshitaka Tsuchiya.

hoei Chemical’s main focus is on conductive pastes, resistive pastes, dielective pastes and powders for use in electronic devices and components. Products are conductive pastes including silver, gold, silver-palladium and silver-platinum, palladium and platinum, and nickel and copper pastes; resistive and dielectric pastes; fine precious and base metal powders, and metal oxides; and precious metal salts, catalysts and solutions. Its products are used in various electronic components and devices, such as inductors, thermistors, varistors, transducers, peaking coils, fixed and variable resistors, printed circuit boards, semiconductors, fluorescent display devices and plasma display panels. The company’s products are also used in audio-visual equipment, including televisions, LCDs, VTRs, video cameras, car navigation systems, DVD video players, digital cameras, and plasma displays; audio equipment, such as CD players, digital audio players, DVD players/recorders, and integrated circuits recorders; applied electronic equipment, including medical devices; general purpose and personal computers.

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he central office of JW Ostendorf GmbH & Co. KG, which is one of the key companies in Germany, is in Coesfeld. The company has been producing paints, varnishes, lacquers and enamels since 1948 for a variety of applications and recorded sales in 2010 of approximately $251 million. It has its affiliates in Great Britain, Poland, Austria, Czech Republic, Switzerland, France and Hungary.

Kunsul Chemical Industrial Co. Ltd. Pusan, South Korea www.jebi.co.kr

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1945

• Decorative coatings

REVENUE: $249.4 million

• Industrial coatings • Marine and protective coatings

KEY EXECUTIVES Sung Ho Hwang, chairman and CEO; Gyeong Tai Shin, president; Managing directors: Sang Kun Lee; Jae Hui Kim; Dong Hyeon Cho; Seung Hwan Shin.

unsul Chemical Industrial Co., Ltd. manufactures coating products, including decorative coating, general industrial coating, coil coating, can coatings, marine and heavy-duty protective coatings, as well as industrial coatings primarily in Korea. The company offers a range of products, including architectural coatings for concrete, plaster, slate and cement mortar surfaces, as well as for vehicles, machinery, buildings, glass and furniture; general industrial coatings for various applications, such as wood, steel furniture, electric home appliance, machinery, engineering plastics, steel products and decorative home appliance; wood coatings for furniture, general wooden materials, and musical instruments; and powder coatings for decoration and protection, interior use, home appliances, and architectural use. It also provides plastic coatings; marine and heavy duty protective coatings for various applications, including fuel oil tank, ballast water tank, bilge well, land, marine structure, deck, and paint for ship bottom, interior, and exterior; and automotive refinishes.

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MARKETS SERVED

YEAR ESTABLISHED: 1952 • Automotive coatings REVENUE: $249 million

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Rock Paint Co. Ltd. Osaka, Japan www.rockpaint.co.jp

• Industrial coatings

KEY EXECUTIVES Togo Utsumi, president, representative director; Fujio Hara, senior managing director; Yoshio Koike, executive director.

MARKETS SERVED

YEAR ESTABLISHED: 1930

• Powder coatings

REVENUE: $238 million

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Kelly-Moore Paint Company San Carlos, California/USA www.kellymoore.com • Industrial coatings

YEAR ESTABLISHED: 1946 • OEM coatings REVENUE: $235 million MARKETS SERVED • Architectural coatings

(non-automotive) KEY EXECUTIVES Steve DeVoe, president and

CEO; Mark Zielinski, VP of sales and business development; Mike Black, VP of store operations; Todd Wirdzek, VP of product development; Ryan Arakaki, director of marketing; James Elrick, corp. product manager.

n 2010 Kelly-Moore Paint Company, Inc. accepted the “Green Large Business of the Year” award during a banquet hosted by the San Carlos Chamber of Commerce. Besting 100,000 California companies, Kelly-Moore was selected by the Green Business Committee for its series of recycling programs that diverted 60 percent of its waste. Kelly-Moore was also recognized for its carbon offset program resulting in the San Carlos Plant being carbon neutral. Previously, when half-used paint cans were returned, the paint and cans were considered unrecyclable waste. Now, Kelly-Moore uses a system that removes the labels and residue from the cans making them recyclable. The returned paint is extensively sorted by color and type and remanufactured into eCoat. In April 2009, Kelly-Moore started a program to recycle Super Sack storage bags, cut up plastic totes and other previously unrecyclable containers, resulting in a 10-15 percent reduction in landfill waste.

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July 2011

Tiger Coatings Wels, Austria www.tiger-coatings.com

PRIVATE COMPANY

ock Paint Co. Ltd., a Japan-based company, is engaged in the production and sale of paint products and coating materials. Along with its subsidiaries and an associate, the company has two business segments. The paint segment offers automobile paints, construction paints, industrial paints, paints for canned food, adhesives for light packaging of food products, abrading agents, polyester putty, thinners and others. The coating-related segment offers coating tools such as brushes, rollers, spray guns; tools such as color toning tools and sanders; curing materials such as abrasive paper and tape sheets, and coating facilities such as paint booths. Rock Paint Co. was established in 1952 and is based in Osaka, Japan.

Top Companies

KEY EXECUTIVES Kurt Berghofer, CEO; Clemens Steiner, CEO; Reinhold Freiseisen, CFO; Thomas Knoll, managing director; Oliver Ortner, chief information officer.

iger Coatings GmbH & Co. KG engages in the development, manufacture and distribution of powder coatings for industrial applications. The company also develops and manufactures lacquers for the DIY market, as well as inkjet inks for OEM and industrial printing applications. Its powder coatings are used in architecture, steel structure, automotive, agricultural and construction, general industry, job shop, store fixture, furniture, IT and appliances, wood, glass, lighting, inkjet, cans and tubes, gaming, and sports and leisure applications. The company markets its products in Austria, Egypt, Brazil, China, Canada, Mexico, the U.S., Vietnam, Belarus, Bosnia and Herzegovina, Bulgaria, Denmark, Germany, India, Croatia, Latvia/Lithuania, the Netherlands, Poland, the Russian Federation, Switzerland, Serbia and Montenegro, Slovenia, Spain, South Africa, Taiwan, Thailand and Ukraine. Tiger Coatings GmbH & Co. KG was founded in 1930 and is based in Wels, Austria with manufacturing facilities in Austria, Egypt, Brazil, China, Canada, Mexico, the U.S. and Vietnam.

Renner Sayerlack Cajamar, Brazil www2.sayerlack.com.br

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1968

• Wood coatings

REVENUE: $210 million

• Marine coatings

KEY EXECUTIVES Alexandre Cenacchi, chairman of the board

enner Sayerlack S.A. manufactures and distributes wood finishing and marine coatings and paints. It is the largest and most specialized wood coating company in Latin America. Formerly known as Sayerlack, it changed its name to Renner Sayerlack S.A. in January 2001 after the merger of Tintas Renner and Sayerlack Industria Brasileira de Vernizes. The company was founded in 1968 and is based in Cajamar, Brazil. With sales estimated in the $210 million range, Renner Sayerlack claims to control about 50 percent of the Brazilian wood finishing market, as the largest player in the segment in Latin America. The company’s primary wood finishes manufacturing facility is in Cajamar, Sao Paulo state, and it operates another in Minerbio, Italy. In 2007 PPG acquired the architectural and industrial coatings business of Renner Sayerlack.

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Shinto Paint Co. Ltd. Amagasaki, Japan www.shintopaint.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1933

• Automotive coatings

REVENUE: $207 million

• Industrial coatings • Automotive OEM

KEY EXECUTIVES Harunobu Horibe, chairman; Akira Kubo, managing director and technical director; Ichiro Miyawaki, president; Minoru Aono, senior managing director.

Spraylat Corp. Pelham, New York/USA www.spraylat.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1936

• Automotive coatings

REVENUE: $205 million

• Powder coatings

KEY EXECUTIVES Raymond Chlodney, president

• Liquid coatings • Sign coatings

hinto Paint Co., Ltd. engages in the manufacture, processing and sale of paints, adhesives, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan. In addition, the company designs, implements, and supervises painting work and other various construction work, as well as related technical supervision. Further, it engages in contracting of installation work for painting facilities; and related machinery equipment, tools, and devices, as well as design and supervision of such installation work. The company provides maintenance coatings for protection against rust and corrosion to nuclear power stations, chemical plants, petroleum refinery plants, water and sewage treatment plants, and paper mills, as well as large-sized steel structures, such as ships, drilling rigs, offshore platforms, and other ocean development plants.

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Pacific Paint (Boysen) Philippines Inc. Quezon City, Philippines www.boysenpaints.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1953

• Decorative coatings

REVENUE: $200 million

• Industrial coatings • Marine coatings

KEY EXECUTIVES Willy Ong, president; Johnson Ongking, vice president; Ruben Cueto, marketing manager; Romy Bautista, technical services manager; Catherine Ramirez, technical director.

alter Neal Boysen founded Boysen Paints in Oakland, California/USA in 1926. After expanding the brand across the U.S., Boysen Paints was introduced to Asia in the 1960s. It has given Pacific Paints the license to manufacture its premium paint products. The growing market share in Asia and the Pacific, especially in the Philippine market, necessitated the creation of a fully integrated state-of-the-art manufacturing facility in Cavite, Philippines, said to be the most modern paint factory in Southeast Asia. Boysen Paints, the Philippines’ leading paint brand, during 2010 said it is sponsoring the first large scale public art project in the world that will use paints that can clean noxious air pollutants. The project, called KNOxOUT Project: EDSA – Everyone Deserves Safe Air, will consist of eight artworks each measuring about 1,000 square meters, along the city’s busiest roadway, which is also called EDSA (Epifanio de los Santos Ave.). In a unique mix of art and science, all of the artworks will use Boysen KNOxOUT.

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praylat Corporation is a global specialty coatings company based in Pelham, New York/USA. A privately held corporation founded in 1936, Spraylat provides both coating products and process technologies to a diverse range of industry applications worldwide. Spraylat is organized into four separate business units: Liquid Coatings, Powder Coatings, Conductive Coatings and the Mirror Coatings business units. The Liquid Coatings business unit incorporates Spraylat’s Automotive Group, the Liquid Specialties Group, the Sign Coatings Group along with its One Shot/Chromatic Group. Spraylat’s global operations include locations in North America, Europe and Asia. Spraylat also is supported in selected business units through regional agents or distributors.

Kikusui Chemical Industries Co. Ltd. Nagoya, Japan www.kikusui-chem.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1959

• Architectural coatings

REVENUE: $194 million

KEY EXECUTIVES Togo Utsumi, president, representative director; Fujio Hara, senior managing director; Yoshio Koike, executive director.

ikusui Chemical Industries Co. Ltd. engages in the production and sale of architectural coatings, specialty functional materials, construction materials, and civil engineering materials. The company offers ceramics, building materials, paints and crushed natural decorative material sheets. In addition, it involves in the manufacture and sale of machinery and equipment. The company was founded in 1959 and is headquartered in Nagoya, Japan. Under the slogan, “Work in Harmony with Nature, Work for the Benefit of People,” Kikusui manufactures water-based and organic-solvent-free architectural paints and uses its own methods to minimize drainage and waste generated during the production process. In addition, the company deals with natural paints from Germany and allergy-free paints from Sweden. One such product is MILLTEX5. These paints, which come from environmentally progressive Sweden, are free of substances that can produce allergic reactions.

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FLH Group Arbon, Switzerland www.flh.com

Yung Chi Paint & Varnish Mfg Co. Ltd. Kaohsiung, Taiwan www.rainbowpaint.com.tw

PUBLIC COMPANY

MARKETS SERVED

• Non-stick coatings

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1932

• Architectural coatings

• Packaging coatings

YEAR ESTABLISHED: 1951

• Architectural coatings

REVENUE: $190 million

• Industrial coatings

REVENUE: $187 million

• Marine coatings

• Automotive OEM • Auto refinish • Wood coatings

KEY EXECUTIVES Thomas Lozser, CEO; Pascal Rentzmann, group controller.

• Industrial coatings

LH Group, the coatings division of Looser Holding AG, in 2010 recorded sales of approximately $190 million, the majority of which came from sales of wood coatings, which represents approximately 50 percent of total revenue. The approximate percent of sales for the other segments include: packaging coatings 17percent; industrial coatings 15 percent; non-stick coatings ten percent; architectural coatings five percent; auto refinish two percent; and automotive OEM one percent. Treffert Group, a member company of FLH Group, in 2009 opened a subsidiary in the U.S. The new product development and production facility is located in Charlotte, North Carolina. With this direct presence in the USA, Treffert wants make major inroads in the North American wood floor coating market. The new Treffert USA Technology Center features labs for development, testing as well as full-scale prototyping – and state of the art coating production facilities.

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Grebe Group Weilburg, Germany www.grebe-group.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1936

• Industrial coatings

REVENUE: $180 million

• OEM coatings (non-automotive)

KEY EXECUTIVES Helmut Tappe, CEO Grebe Group; Dr. Manfred Becker, management board; Frank Glaser, management board; Tim Rand, Weilburger Coatings; Uwe Diener, marketing director.

Top Companies

KEY EXECUTIVES Te-Hsiung Chang, president; DS Chang, general manager; TJ Chang, vice general manager; Tien-Yung Chang, director; Tsung Te Han, managing director; H.L. Shen, general manager.

ung Chi Paint & Varnish Manufacturing Co., Ltd. manufactures architecural coatings, heavyduty coatings, marine paints, coil coatings, can coatings, nuclear coatings and curtain wall coatings. The firm also manufactures and sells fire-retardant and fire protection coatings. In 2009, the company’s Malaysia Melaka factory started production for coil coatings.

Tohpe Corporation Osaka, Japan www.tohpe.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1915

• Onshore coatings

REVENUE: $176,240 million

• Marine coatings • Automotive coatings

KEY EXECUTIVES Tsutomu Kobayashi, president; Kazutami Kato, vice president; Hideki Kimura, managing director; Yukio Takeuchi, executive director.

• Decorative coatings • Adhesives

he Grebe Group recorded sales of approximately $180 million in 2010. The firm’s coatings business can be broken down into the following segments: Industrial coatings, which accounted for roughly 40 percent of sales; non-automotive OEM applications, which accounted for roughly another 40 percent of revenue; and lastly, rail and defense applications make up the remaining 20 percent of revenue for the year. For household articles the firm offers Greblon Non Stick coatings and decorative, temperature-resistant coatings. For the stove industry it offers high-temperature resistant coatings. For general industry applications Grebe offers coating systems for metals, plastics and glass in applications such as sewage pipes, household appliances, rail vehicles, mobile phones and defence technology. The group operates facilities in Germany, UK, Italy, Poland, China, Hong Kong Indonesia, India and Japan.

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enner Sayerlack S.A. manufactures and distributes wood finTohpe Corporation is a Japan-based manufacturer that supplies paints and other chemical products. Its paints include synthetic resin paints, lacquers, water-based paints, oil-based paints and thinners. The company’s chemical products include synthetic resin adhesive processing agents and synthetic rubber. Additionally, it is involved in the paint related construction activities. The company has 12 subsidiaries and five associated companies. Tohpe Corporation was incorporated in 1919 and is based in Osaka, Japan.

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Asahipen Corporation Osaka, Japan www.asahipen.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1940

• Onshore coatings

REVENUE: $176,180 million

• Marine coatings • Automotive coatings • Decorative coatings

• Adhesives KEY EXECUTIVES Takeshi Tanaka, president and chairman.

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1936

• Architectural coatings

REVENUE: $176 million

• Industrial coatings

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Inver Spa Bologna, Italy www.inver.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1934

• Powder coatings

REVENUE: $170 million

• Industrial coatings • Architectural coatings • OEM coatings (non automotive)

KEY EXECUTIVES Giorgio Domenichini, president; Giovanni Domenichini, CEO; Gabriele Domenichini, CIO; Corrado Minghetti, general manager; Matteo Roversi, CFO; Christian Lucano, marketing director; Marco Lelli, technical director, powder coatings; Andrea Mariocchi, technical director, liquid coatings.

nver Spa is engaged in the manufacture of industrial liquid and powder coatings with 2010 sales revenue of $170 million. The sale of powder coatings makes up 60 percent of Inver’s sold quantities. Liquid industrial coatings sales generated 20 percent, while architectural and non-automotive OEM segments each contributed ten percent each. Back in 2008 Inver acquired Becker Powder Coatings’ four European production plants located in France, UK, Poland and Italy. This acquisition doubled the scale of Inver’s powder business and made it the fourth largest producer in the European powder market. Inver operate five production sites and three subsidiaries.

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KEY EXECUTIVES Michael Dayan, CEO; Eitan Weizman, vice president, marketing; Yacov Mor, director, R&D.

• Powder coatings

sahipen Corporation engages in the manufacture and sale of various paints and coatings, painting tools and wallpaper products in Japan. The company offers water base, oil base, antirust, spray, gloss varnish, wood, hobby craft and business paints. Asahipen Corporation markets its products through dealers, government agencies, and other outlets in China, Hong Kong, Taiwan, and southwestern Asia. The company was formerly known as Asahi Paint Company and changed its name to Asahipen Corporation in 1965. Asahipen Corporation was founded in 1940 and is headquartered in Osaka, Japan.

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Tambour Ltd. Nethanya, Israel www.tambourpaints.com

ounded in 1936, Tambour is the largest Israeli paint manufacturer. Tambour’s sales reached $176 million in 2010. The firm operates six production facilities in Israel for architectural paints, industrial paints, powder coatings, printing inks, acrylic emulsion, resins and other coatings. Production capacity is approximately 90 million liters per year. In 2008, Tambour acquired David Powder Paint, which was number two in Israel at the time. New products launched recently include Supercryl Matt Extra White acrylic paint; Hammerton WB water-based direct-to-metal acrylic paint; Safari fine texture for interior and exterior walls; Cashmere smooth velvet-like effect for interior walls; and Glitter-Metallic Suede for interior and exterior walls.

Industrias Titan S.A. Barcelona, Spain www.titanlux.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1917

• Decorative coatings

REVENUE: $168 million

• Industrial coatings • Marine coatings • Powder coatings

KEY EXECUTIVES José Farrés Pere, CEO; Jaime Carbonell Petit, financial general manager; Antonio Vilaseca Martinez, technical director; and Jose Fernández, manager for powder coatings.

• Fine arts materials

ince it was founded in 1917 in Barcelona, Industrias Titan has produced paints, enamels, varnishes, powder coatings, colors for fine arts and handicrafts, as well as ancillary products. Its present installations have a total area of 120,000 square meters and are located in El Prat de Llobregat, which is within the metropolitan area of Barcelona. It has fourteen commercial delegations, six production plants in Spain, one in Portugal and one in Morocco. In recent years Industrias Titan has focused its efforts on making its products more environmental friendly, right through from product conception to the end user stage. Many of its products have been awarded with the European Ecological Label. During the year, the company launched Titan Luxoplast Powder Fillers. The firm also launched a new interior DIY product, Titan Tile Enamel.

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Whitford Corporation Elverson, Pennsylvania/USA www.whitfordww.com

PRIVATE COMPANY

• Powder coatings

YEAR ESTABLISHED: 1969 • Houseware coatings REVENUE: $165 million

• Electrical component

MARKETS SERVED

coatings

• Industrial coatings

• Non-stick coatings

• Automotive coatings

• Packaging coatings

KEY EXECUTIVES

REVENUE: $165 million

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Boero Group Genoa, Italy www.gruppoboero.it MARKETS SERVED

YEAR ESTABLISHED: 1831

• Decorative coatings

REVENUE: $160 million

• Maine coatings • Yacht coatings

KEY EXECUTIVES Andreina Boero, president; Cristina Cavalleroni, vice president; Giorgio Rupnik, CEO; Olga Bottaro, technical director; Managers: Claudio Stringara, architectural and decorative; Massimo Bonarra, yachting; Niccolo Ballerini, marine.

oero Group is Italy’s paint and coatings leader in the markets its serves. In 2010 the group reported revenue of $160 million. The firm’s business is divided into three segments. Architectural and decorative coatings generated 70 percent of the group’s revenue last year while yacht coatings were responsible for 15 percent of the revenues with the marine coatings segment was responsible for the remaining 15 percent. Architectural and decorative paint brands in the firm’s portfolio include Boero Colori; Rover Attiva; and Grandi Superfici. Yacht brands include Boero Yacht Paint; Veneziani Yachting; and Attiva Marine. The marine category offers the Boat brand. Boero Group operates two manufacturing facilities. Boero recently introduced Rovertherm coat systems for energy efficiency in building and it also launched a water-based wood coatings range.

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MARKETS SERVED

YEAR ESTABLISHED: 1971 • Decorative coatings

hitford Corporation is a manufacturer of one of the world’s largest line of fluoropolymer coatings. It owns 40 trademarks around the world and its products are available in as many countries. Whitford’s story began in 1969 when the founders created its first product—Xylan 1010—which remains one of the company’s most popular products today. The firm’s wide range of products serve the industrial, automotive, powder coatings, houseware and electrical component markets. Whitford operates nine manufacturing facilities worldwide in the U.S., the UK, Brazil, India, China, Singapore and Italy. Most recently opened its factory in Bangalore, one of India’s fastest-growing and most dynamic cities. On the new technology front, Whitford has broken new ground with its recently launched Xylan HB, which the company says answers the problem of achieving good film integrity at film thicknesses over 25 microns, or one milliliter.

PUBLIC COMPANY

Yip’s Chemical Holdings Ltd. Fanling, Hong Kong, China www.yipsshc.com.hk

PUBLIC COMPANY

Dave Willis, president; Brian Willis, technical sales; Spencer Siegel, sales manager; Mike Miller, COO; Michael Coates, marketing director; Leonard Harvey, technical director; Segment managers: Kurt McCray and John Badner, housewares; Michael Coates, industrial; Becky Tatangelo, small electrics; Daniel Sydes, automotive; Mike Haley, powders.

Top Companies

• Industrial coatings

KEY EXECUTIVES Kam Yim Wong, CEO and executive director; Chi Shing Ip, co-founder, executive chairman and member of the board; Wai Man Li, COO, executive director; Tsz Hin Yip, deputy chairman, member of group management; Siu Ping Ng, executive director and member of board.

ip’s Chemical Holdings Limited engages in the manufacture and trading of petrochemical products primarily in the People’s Republic of China. The company operates in three segments: Solvents, Coatings and Lubricants. The Coatings segment engages in the production and marketing of domestic architectural and industrial paints, inks, varnishes and resins for construction, toys, electronics, furniture, food and gift packaging, and printing industries. This segment offers paints under the Bauhinia, Adcoat, and Pak Lam Choice brand names; inks under Bauhinia Variegata brand name; specialty varnishes under the Golaxxo brand name; and resins under the Da Chang brand name. The company was formerly known as Hang Cheung Hong. Yip’s Chemical Holdings Limited was founded in 1971 and is headquartered in Fanling, Hong Kong.

NOF Metal Coatings Group www.nofmetalcoatings.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1974

• Corrosion protection

REVENUE: $159 million

coatings

KEY EXECUTIVES Mr. Poulet, CEO, Europe; Mr. Nagura, CEO, Japan; Mr. Espinosa, CEO, Brasil; Mr. Fourez, CEO, USA.

OF Corporation is a leading Japanese chemical company and the holding company of NOF Metal Coatings Group, which includes NOF Metal Coatings Europe (Creil, France); NOF Metal Coatings North America (Chardon, Ohio); NOF Metal Coatings Asia Pacific (Kawasaki, Japan); NOF Metal Coatings China (Shanghai); NOF Metal Coatings Korea (Seoul); NOF Metal Coatings South America (Sao Paulo, Brasil). All together NOF Metal Coatings Group generated sales of $159 million in 2010. The group is primarily engaged in the manufacture of corrosion control coatings for the automotive OEM segment, which was responsible for 90 percent of group revenue. During the year, NOF Metal Coatings Europe was voted overall winner of the 2010 European Responsible Care Awards, beating out a recordnumber 53 entries from 10 countries. It marked the first time that France-based NOF Metal Coatings Europe received the award.

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Yasar Coating Group Izmir, Turkey www.dyo.com.tr

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1927

• Construction paints

REVENUE: $155 million

• Industrial paints • Furniture paints • Automotive paints

• Marine paints KEY EXECUTIVES Selcuk Yasar, president of Yasar Holding; Hasan Denizkurdu, CEO.

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1971

• Industrial wood

REVENUE: $150 million

yo Boya, the first and the most innovative company in the Turkish coatings-manufacturing industry, dates back to the opening of a paint shop in Şeritçiler Çarşısı by Durmuş Yaşar in 1927. Turkey's first paint was produced by Yaşar in 1941 and was followed with the opening of the country's first and then only coatings factory in 1954. A member of Yasar Holding, Yaşar Coatings Group's five companies led by Dyo Boya serves the market with 1,000 different products. Under the brand names Dyo and Dewilux, Yaşar Coatings Group employs about 1,100 people and exports its products to 40 countries. The group's export markets are located primarily in Central Asia, the Middle East, Europa and Russia. The company is active in the decorative, marine and industrial paints sectors as well as car refinishes, furniture paints and lacquers.

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Empils Ltd. Rostov-on-Don, Russia www.empils.ru

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1991

• Decorative coatings

REVENUE: $144 million

• Industrial coatings

KEY EXECUTIVES Sergey Nikitin, general manager; Roman Setin, general manager’s first deputy; Vadim Zaytsev, sales manager and decorative coatings segment manager; Dmitriy Altukhov, marketing manager; Oleg Dyakov, industrial coatings segment manager.

ith sales of $144 million in 2010, Empils is Russia’s largest domestic manufacturer of paints and coatings, second only to multinational Tikkurila. The majority of Empils’ revenue is generated in the decorative coatings segment (97 percent). Three percent of sales come from industrial coatings operations. The company markets the following brands on the Russian market: Empils industrial coatings; Rastsvet alkyd-based decorative coatings; Oreol alkyd- and water-based decorative coatings; Oreol Titan special alkyd-based coatings for metal; Oreol Garant water-based coatings for professional use; and Empils Krona alkyd- and water-based coatings for wood protection. Empils operates one manufacturing facility in its headquarters city of Rostov-on-Don. 2010 was a successful year for Empils. Coatings sales increased sales by six percent while sales of water-dispersion coatings increased by more than 30 percent.

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ICA Group Civitanova Marche, Italy www.icaspa.com

coatings

KEY EXECUTIVES Alessandro Bascelli, export manager; Lorenzo Lavarini, area manager; Federico Bastianelli, area manager; Sandro Paniccia, marketing director; Pierro and Fabio Paniccia, technical directors.

n 2010 Italian industrial wood coatings maker ICA Group launched its interactive “liquid metals” system called My Lab. The new MY LAB system was conceived to meet the needs of designers involved in the creation of interior furnishings, with a view to stimulating their design work. According to ICA, the new My Lab colors have never been seen before on the Italian or international markets and have been formulated with mono/bicomponent water-based bases to fulfill the requirements for coatings with low levels of environmental impact. Compared to traditional metallic coatings, these new coatings have greater covering power and superior uniformity of application, the company said. Back in 1995, the European Community awarded ICA’s range of bicomponent water-based coatings its LIFE mark, in recognition of the “sustainable, long-term development” demonstrated by the group in its efforts to reduce atmospheric pollution through the use of clean technologies. The new liquid metals are available in two categories: primary colors and secondary colors.

JSC Russian Coatings Yaroslavl, Russia www.ruskraski.ru

PRIVATE COMPANY

MARKETS SERVED

KEY EXECUTIVES

Abramov Valeriy, CEO; Savelyev Philipp, director of economics; Kolomichev MixREVENUE: $140,440 million • Automotive OEM coatings hail, technical director; Segment managers: Yakovlev Nicolay, decorative and • Industrial coatings building materials; Konushko Dmitriy, automotive OEM; Lomakin Vyatcheslav, car • Automotive refinishes refinish; Abramian Grigory, industrial ma• Powder coatings terials; Kotov Sergey, powder materials.

YEAR ESTABLISHED: 1838

• Architectural coatings

uring 2010 Russian Coatings Company experienced positive growth and recorded sales of $140 million. The company’s overall sales structure is divided into five business units. The decorative and architectural unit, which generated 38.3 percent of the company’s revenue, grew by 12 percent during the year as a result of the launch of a new production site of waterborne materials. At the height of the economic crisis, Russian Coatings’ OEM coatings production for the automotive industry fell by 60 percent in 2009. However, the unit rebounded and turned in 30 percent growth in 2010, which represented 13.3 percent of total revenue. The company said its joint venture DuPont Russian Coatings is a strategic point of future growth in the automotive OEM sector. For the last two years the company said its auto refinish unit has remained stable in terms of sales and market share, which are on par 2008 levels. In 2010 the auto refinish unit represented 26.9 percent of company revenue.

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Natoco Co. Ltd. Miyoshi, Japan www.natoco.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1948

• Architectural coatings

REVENUE: $140,049 million

• Industrial coatings

KEY EXECUTIVES Kenji Kasuya, president and representative director; Susumu Kawakami, senior managing director; Yutaka Yamamoto, director of business administration and director.

Top Companies

Diamond Vogel Paints Orange City, IA www.diamondvogel.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1926 • Architectural coatings REVENUE: $140 million

• Industrial coatings • Heavy duty coatings

KEY EXECUTIVES Drew Vogel, president and CEO; Doug Vogel, vice president, decorative; Mark Vogel, vice president, industrial.

• Traffic coatings

atoco Co., Ltd. engages in the manufacture and sale of fine chemicals and paints. It offers synthetic resin paints and inks. The company primarily provides coatings for metal, building and other functional materials, as well as related equipment. It also engages in the transportation of the industrial waste. The company was founded in 1948 and is headquartered in Miyoshi, Japan and operates in three business segments. The paint segment is involved in the manufacture and sale of synthetic resin paints, thinners and paint-related products. The fine chemical segment manufactures and sells chemical products such as film-use coating materials, as well as fine particles for liquid crystal displays (LCDs), among others. The others segment is engaged in the collection and transportation of industrial waste products. Natoco has two subsidiaries and one associated company.

iamond Vogel Paints is a family-owned, Midwesternbased paint manufacturer and retailer headquartered in Orange City, IA. The company operates seven manufacturing facilities an over 80 service center outlets. The company is a provider of liquid and powder coatings for industrial OEM applications, architectural paints for commercial and homeowner applications, and heavy-duty protective coatings for industrial maintenance applications. In 2010 Vogel signed an agreement with Hesse-Lignal of Hamm, Germany to become its exclusive

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Chokwang Paint Co. Ltd. Busan, South Korea www.chokwangpaint.co.kr

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1947

• Architectural coatings

REVENUE: $133 million

• Wood coatings • Industrial coatings • Powder coatings • Automotive refinishes

KEY EXECUTIVES Dae-Eun Lee, president and CEO; Ha-Ok Kim, managing director of business planning division; He-Jin Moon, chief of management team and director; Jae-Hong Park, managing director of research institute; Sung-Ho Yang, senior managing director of management division.

hokwang Paint Limited manufactures paint products and coatings in Korea. Its products include architectural paints, interior paints, floor coatings and water floor paints, wood coatings, industrial coatings, plastic coatings and auto refinish coatings, powder coatings, heavy-duty coatings, and DIY paints. In addition, Chokwang provides a speed color system to each dealership it operates through, which can mix colors at customers request within three minutes with an automatic color mixer controlled by a computer. The company was formerly known as Chokwang Co., Inc. and subsequently changed its name to Chokwang Paint Limited. Chokwang Paint Limited was founded in 1947 and is headquartered in Busan, South Korea.

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licensee for the manufacture of wood coatings in the U.S. The newly created Vogel Industrial Wood Coatings group will market Hesse coatings and technology through independent representatives and distributors throughout the U.S. Hesse-Lignal is one of the leading producers of interior wood finishes in Europe and has 26 partners and daughter companies around the world. Hesse has a strong background in a variety of technologies including lacquer, urethanes, water-based and UV-cure coatings and has a strong portfolio of environmentally friendly coatings.

Cloverdale Paint Inc. Surrey, British Columbia, Canada www.cloverdalepaint.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1933

• Decorative coatings

REVENUE: $125 million

• Industrial coatings • Wood finishes • Marine coatings

KEY EXECUTIVES Charles Mordy, CEO; Alex Orody, COO; Martin McKenna, marketing director and segment manager for decorative and industrial coatings; Larry Lozinski, technical director; Segment managers: Tim Vogel, wood finishes; Brian Carpenter, marine coatings.

loverdale Paint maintains more than 100 retail stores and a network of dealer outlets across Western Canada and the Pacific Northwest. The firm manufactures architectural and industrial maintenance products. Directly and through subsidiary companies in Calgary, Alberta (Far-go Paint Inc.) and Portland, OR (Rodda Paint Company), Cloverdale operates manufacturing plants in Surrey, Portland, Winnipeg, Edmonton and Calgary. In terms of acquisitions, Cloverdale most recently bought Guertin Coatings of Winnipeg, Manitoba, Canada, which produces liquid and powder industrial coatings, resins, sealants and adhesives in a 78,000 square foot facility in Winnipeg.

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Origin Electric Tokyo, Japan www.origin.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1938

• Synthetic resin paints

REVENUE: $121 million

• Coatings for digital devices

KEY EXECUTIVES Toshio Kashiwagi, president and director; Minoru Fujisawa, managing director and general manager of coating operations division.

rigin Electric Co., Ltd. operates in three segments: Electronics, Mechatronics and Chemitronics. The Chemitronics division is supported by metal surface treatment and surface plating technologies as well as by Origin's long history of research and development in the fields of electronics and coating materials. Energy-saving measures jointly developed with other engineering groups have resulted in developments being achieved in the field of synthetic resin paints, which have attracted attention both domestic and abroad as being environmentally

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Atomix Co. Ltd. Tokyo, Japan www.atomix.co.jp

PUBLIC COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1937

• Floor coatings

REVENUE: $118 million

• Roof coatings • Swimming pool coatings

KEY EXECUTIVES Kazuyuki Kobayashi, director and president; Koichi Kita, managing director and executive manager of administration.

• Traffic paints

tomix Co. Ltd. manufactures various paints in Japan. It offers floor and roof coatings, waterproofing materials, swimming pool coatings, traffic and anti-skid paints, paint for mapping systems, and paint to protect road structures from deterioration. The company was founded in 1937 and is headquartered in Tokyo, Japan.

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friendly. The company operates primarily in Japan, as well as internationally in Taipei, Hong Kong, the U.S. and China. Origin Electric Co., Ltd., formerly known as Fuji Electric Co., Ltd., was founded in 1938 and is headquartered in Tokyo, Japan. Origin began developing paints in 1947 as a part of its surface processing research efforts creating highly functional paints including paints used for plastic substrates, water-based paint/TXfree paint and paints used for plated nonferrous metals. Applications include automobile interior and exterior parts, cell phones and computers.

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Tnemec Company, Inc. Kansas City, Missouri/USA www.tnemec.com

PRIVATE COMPANY

MARKETS SERVED

YEAR ESTABLISHED: 1921

• Water tank coatings

REVENUE: $115 million

• Wastewater coatings • Industrial coatings • Floor coatings • Architectural coatings

KEY EXECUTIVES

PRIVATE COMPANY

Peter Cortelyou, president and CEO; Chase Bean, executive VP; Terry Wallace, VP, sales; Mark Thomas, VP, marketing; Joe Davis, VP, technical service; Segment managers: Doug Hansen, water tank coatings; Vaughn O’Dea, wastewater coatings; Gary Zinn, industrial coatings; Joe Schmit, Stratashield floor coatings; John Miller, architectural coatings.

ince 1921, Tnemec Company Inc. has been a leading manufacturer of high-performance architectural and industrial coatings that protect a wide range of substrates and enhance aesthetics. From water tanks and treatment plants, to manufacturing plants, industrial facilities and specialty architectural buildings, Tnemec coatings can be found protecting virtually all types of structures and buildings. Tnemec operates three manufacturing facilities in the U.S. in North Kansas City, MO, Baltimore, MD and Garland, TX. It generated $115 million in sales in 2010. The newest additions to Tnemec’s product portfolio are Series 740 and 750 UVX polyurethane finish coat combining low VOC with exceptional performance and Series 431 Perma-Shield PL, a 100 percent solids, abrasion resistant lining specifically designed for wastewater immersion and fume environments.

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Quest Specialty Chemicals Menomonee Falls, WI/USA www.questsc.com MARKETS SERVED

KEY EXECUTIVES

Frederick Quinn, CEO; Gerard Loftus, president and COO; David Brunori, executive VP coatings; Nicholas Causey, execu• Aerosol paints tive VP construction products; Segment • Industrial paints managers: Ken Papich, automotive refin• Roof coatings and systems ish; Steve Hughes, aerosol paints and industrial paints; Charles Van Gelder, roof coatings; Nick Causey, roof systems.

YEAR ESTABLISHED: 2001 • Automotive refinish REVENUE: $113 million

ack in 2003 Huron Capital Partners LLC, a Michigan-based private equity firm formed a partnership with veteran chemicals executives and investors, Fred Quinn and Carol Bramson to build a platform company in the specialty chemicals industry, which would become Quest Specialty Chemicals (QSC). Just recently Huron sold QSC with new ownership passed on to the Audax Group, located in Boston, MA and Moelis Capital Partners, located in New York. According to the company, this acquisition strengthens the overall Quest platform, which consists of two divisions: Quest Specialty Coatings and Quest Construction Products. The coatings division includes: Raabe Company (2004), Foxcolor (2005), Matrix System Automotive Finishes (2006), Zolatone (2007) and Custom Finishes (2009). The construction products division is made up of United Coatings (2007) and HydroStop (2007). Overall, Quest's goal is to continue building these two divisions through acquisition. Together QSC’s portfolio of coatings companies generated $113 million of revenue in 2010.

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Ace Hardware Corp. Oakbrook, Illinois/USA www.acehardware.com

SSCP Co. Ltd. Ansan City, South Korea www.sscpcorp.co.kr

PUBLIC COMPANY

MARKETS SERVED

KEY EXECUTIVES

PUBLIC COMPANY

YEAR ESTABLISHED: 1926

• Architectural coatings

Ray Griffith, president and CEO; Dave Zieglar, chairman.

YEAR ESTABLISHED: 1973 • Coatings for plastics

REVENUE: $110 million

REVENUE: $108 million

MARKETS SERVED • Electronic device coatings • Coatings for non-ferrous materials

or its first 50 years in business, Ace was privately held. In 1976, Ace became a retailer-owned cooperative. Each store is independently owned and operated by local entrepreneurs. Today, Ace is the largest retailer-owned cooperative in the hardware industry in terms of wholesale and retail sales and strength of the brand. Ace’s 4,600 stores in all 50 states and more than 60 countries generate annual retail sales of approximately $12 billion. Headquartered in Oak Brook, Illinois, Ace currently operates 14 distribution centers in the U.S. and one in Shanghai, China. Ace employs approximately 4,500 corporate team members worldwide and has four regional offices, located in Raleigh, North Caroline; Atlanta, Georgia; Denver, Colorodo; and Woodridge, Illinois. The Ace Paint division, which sells architectural coatings through its retail locations, generated revenue of $110 in 2010. During the year Ace Paint launched Royal Finest, a premium low VOC, acrylic latex paint with Scotchgard Protector.

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KEY EXECUTIVES Jung Hyun Oh, president and CEO; Sung-Yoon Kim, vice president of financial strategy; Jeong Gi Joo, vice president; Man Ho Park, assistant managing director.

SCP Co. Ltd. provides material and substance solutions for information technology (IT) products primarily in Korea. The company provides coatings for various plastic products, including mobile phones; automotive parts, such as bumper and side moldings, instrumental panels, and wheel covers; and IT electrical appliances. SSCP Co. also provides coatings for non-ferrous materials, including inorganic materials, metals and plated wares; and optical materials. In addition, it offers screenpainting inks for commercial graphic designs and printing applications. The company also operates in China and Thailand. SSCP was founded in 1973. It was formerly known as Samsung Chemical Paints Co., Ltd. and changed its name to SSCP Co., Ltd. in 2003. SSCP Co. is based in Ansan City, South Korea.

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FEATURE

State of the Industry Review

2011

State of the Industry

Review

Executives reflect on the past year in coatings and look ahead to what the future might bring. Charles Bunch, chairman and CEO, PPG Industries The strategic actions that PPG has undertaken over the past decade have served to transform our company from a diversified, North American-centric manufacturer to a global coatings leader. As a result, sales from our combined coatings businesses in 2010 accounted for 74 percent of the company. In addition, we significantly expanded our presence in emerging regions last year by 20 percent. These regions now account for about 27 percent of PPG, and the U.S. and Canada now represent less than 50 percent of our sales versus 75 percent ten years ago. As we begin 2011, we expect the economic recovery to strengthen and broaden in most end-use markets and regions. However, construction in the developed regions and in Eastern Europe was depressed Charles Bunch throughout 2010 and remains 80 | Coatings World

challenging. We also experienced higher coatings raw material costs in 2010, particularly in the second half of the year. As a result, we raised our selling prices over the course of 2010 in all of our businesses, and we are in the process of implementing further pricing initiatives to offset this persistent inflation. So, our challenges are not behind us. Yet, based on the way we’ve managed through adversity in the recent past, I believe we’ll be able to overcome these obstacles.

Raimar Jahn, president, BASF Group’s Coatings Division We can be very satisfied with the course of the business year. We were able to improve significantly compared to the previous year with respect to our sales and our results, despite the increased cost of raw materials. We’re picking up our results from where we left off in 2007 – in other words, pre-crisis. Overall, all business units and all regions contributed to the positive results. On the one hand, the markets have developed positively for us. Not only the improved market environment of the global automotive industry, but all work areas contribute to increase in sales.

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July 2011

FEATURE

State of the Industry Review

On the other hand, the ongoing improvement of our product portfolio and the regional presence are paying off. For instance, we are expanding our commitment with motorcycle paints in Thailand and Vietnam as well as with coatings for wind turbines in North America, Brazil and China. In addition, we are further expanding our automotive refinish business in Australia. We are also specifically investing in research Raimar Jahn and development. The iGloss scratch-resistant clearcoat is one of our most recent innovations. Europe and North America, where we are particularly successful in automotive OEM coatings and automotive refinish coatings, are among our main markets. In Europe, we are also participating in a strong demand for coil coatings form the Eastern European steel industry. But we are also growing strongly in architectural coatings in Brazil. We will further expand our activities in Asia in particular, primarily in China, India, Japan and Korea. One example is the Technical Center that we set up in Korea in 2010. The importance of Asian manufacturers will increase worldwide. Therefore, we will not only continue to work closely with Western carmakers in Asia but also with global Asian carmakers as well as carmakers who are active locally. We want to strengthen our leading position as coatings manufacturers in automotive OEM coatings and aim to remain the preferred supplier of basecoats and process solutions. In addition, we are focusing on solutions that are both environmentally friendly and economically efficient, as well as on first-class service. We will expand our presence in Asia, since the importance of Asia for automotive production is growing. We will continue to rely on our strong brands in the premium segment in the automotive refinish area, which represent highquality products and serve as well as excellent color competence. Furthermore, we will further strengthen our business through partnerships with carmakers or fleet operators. We also plan to intensify our business for commercial and transport vehicles, as well as construction and agricultural machines. With respect to industrial coatings, we have a focus on precoatings, which we will further expand through innovative and sustainable solutions. In the post-coatings segment, we are now in a good position throughout the world with special coatings for wind turbine rotor blades, which will allow us to expand our business in all regions. New applications for ship and airplane construction are currently being established with a great deal of momentum. We will likewise further expand on our position in the architectural coatings area. While BASF established a strong position in South America early on with Suvinil, we recently introduced a new brand in China with NORBIN. In Europe, 82 | Coatings World

we continue to focus on professional painters and paint supply dealers and will supply them with our innovations, such as Cool Colours, in 2011.

Morten Fon, president and CEO, Jotun 2009 was a very difficult year for the coatings industry and most coatings companies experienced reduced activity and lower profitability. Depending on the geographical footprint of the company a few companies continued to grow. 2010 became the year when most companies recovered, overall the profitability was restored in most companies, and finally the industry is again preparing for growth outside the mature markets. Mature markets are expected to be fairly stable, while emerging markets will continue to grow. The trend is that coatings consumption normally grows the faster the GDP. The global financial crisis has brought increased volatility to the industry. Raw materials markets are tighter and raw material prices continue to increase. This is a short-term challenge for the industry. CurMorten Fon rency markets and commodity markets are also more volatile than before, which again creates challenges in the industry. The regulation of the industry continues on the chemical side driven by the U.S and the EU. This will change the industry and all companies are now using large resources to develop new products, and to comply with new regulations. This process will continue. The focus on sustainability will remain high in the industry, and innovation will be directed towards sustainable solutions that either will reduce the use of harmful substances or deliver new products that contribute to improving the environment. Focus will be given to presenting the benefits of the products and services the industry provides. Protection of assets against corrosion, reduction of vessels fuel consumption or heat reflecting paints for houses are all examples of products that have positive environmental effects. At the same time the industry has to work hard to reduce the negative impacts of products and raw materials. Financial and environmental sustainability will go hand in hand into the future.

Pierre-Yves Jullien, president and CEO, Hempel I share a core belief with everyone at Hempel. Our industry has a bright future. However, the world is changing fast. Post financial crunch, the coatings industry faces soaring raw materials prices, an urgent need for investment and serious environmental concerns. It’s crucial our industry responds quickly to these changes with new technology, better processes and higher levels

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July 2011

State of the Industry Review

FEATURE

of professionalism. It’s equally important however, that the coatings industry doesn’t underestimate the value it creates. Most of the world needs a constant supply of new civic structures, housing and vessels. And, with sustainability near the top of the agenda, it’s more important than ever that coatings keep these heavy investments protected and beautiful. Like all of us, our customers want to limit the environmental impact of their operations. We help them reach Pierre-Yves Jullien their environmental goals with new, high-performance coatings that use fewer solvents and biocides to protect man-made structures from the corrosive effects of nature. And, the latest advances in marine coatings technology are helping our customers in the shipping industry save fuel and reduce the carbon footprint of their ocean-going vessels. I feel that our industry underestimates the positive impact it has on the everyday lives of people all over the world. From R&D to coatings applications, not only can we help our customers protect the long-term value of their assets; we can also help them operate efficiently and safely, and support their commitment to the environment. Think of the world’s great suspension bridges, civic architecture and offshore wind turbines to name a few. The coatings industry helps keep things safe and beautiful for longer. That’s real value for coatings customers— and ordinary people—all over the world.

prices. It would seem that these challenges are continuing and will possibly increase in the next few months. At Tikkurila, we are now focusing on securing sufficient raw material deliveries by expanding our delivery network where possible and adapting our raw material base where applicable. The long prepared listing of Tikkurila on Nasdaq OMX Helsinki, completed in March 2010, was a major event for Tikkurila last year. It resulted in nearly 30,000 new shareholders for Tikkurila. The importance of companies’ social responsibility becomes emphasized, which is for instance visible as increasing environmental awareness and increased interest towards the way companies operate. In terms of corporate responsibility we will also seek more uniform operating methods in order to ensure good practices in different operating environments. There is still work ahead in eco efficiency and operational development. Tikkurila’s responsible operations are concretized in our wish to offer our customers environmentally sustainable solutions. The share of waterborne paints in Tikkurila’s total production is over 70 percent and the share is much higher in commercial and construction paints. In Sweden, as much as 98 percent of the decorative paints we sold in 2010 were waterborne. We believe that the growth prospects for the paints and coatings industry are solid. We expect the GDP growth to continue in our key market areas in 2011. We also predict further raw material cost increases. In this situation, the suppliers for the paint industry will probably not be able to fully match the increasing demand, due to some of the capacity shutdowns carried out during the recession. In addition, we believe, that the consolidation development seen in the whole value chain of the industry will continue or even accelerate, resulting in fewer and stronger players.

Erkki Järvinen, president and CEO, Tikkurila Oyj

Karl Altergott, president, Dunn-Edwards Corporation

The global economy has been improving, although there are still some uncertainties related to the situation in Southern Europe and its effects on the financial markets. The crucial factors in terms of paint demand such as GDP, residential construction activity and consumer confidence are developing positively. Tikkurila’s sales volumes grew on all of our market areas in 2010, and growth in the economies of our operating areas continued in the first quarter of 2011. In 2010, the main challenges of Tikkurila and the whole industry were related to the price and availability of raw materials. This trend has continued— raw material prices increased sharply also during the first months of 2011. In spite of this, Tikkurila has been mostly able to cover the rise in the raw material prices by raising sales Erkki Järvinen July 2011

Our view of the future includes a color forecast that is predominantly “green.” Dunn-Edwards remains committed to the pursuit of eco-efficiency in all our operations. For us, that means making the best performing paint with the least harmful ingredients, so that our paint can fulfill its environmentally beneficial purpose while avoiding adverse side effects. We see this as a necessity, partly because one of our major markets is in California’s South Karl Altergott Coast Air Quality Management District, where paint is more stringently regulated than anywhere else in the world. Right now, the District is engaged in a rule amendment process that may impose lower VOC limits on several coating categories, eliminate the “averaging” compliance option, and regulate—for the first time—the VOC con-

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FEATURE

State of the Industry Review

tent of colorants added to tint bases at the point of sale, possibly by 2014. Whatever the new requirements, we intend to be fully prepared to meet them well in advance of the date they will take effect. Dunn-Edwards is also developing new, high performance ultralow VOC coatings using raw materials based on renewable resources, particularly waterborne alkyd resins derived from vegetable oils. All of this is in keeping with the historical leadership role that Dunn-Edwards has played in advancing the concept of eco-efficiency. And, despite the lingering impacts of recession on our industry, we see many opportunities for growth ahead.

Clemens Steiner, CEO, Tiger Coatings After getting off to a bad start in the wake of the crisis year of 2009, 2010 turned into a good year during which we managed to gain ground in all markets once again. Thanks to the solid partnerships we have with our customers, and to our tangible competitive advantages, we were able to “score” on a broad front. However, the basically very satisfactory course of business during the last financial year was clouded by the massive increases in the prices and sometimes shortages of ever-scarcer raw materials. The crisis is not yet behind us in 2011 either. Nevertheless, thanks to our customers, our clear-cut positioning in each of our markets, our sound and innovative product solutions and above

all our fellow Tigers, we have so far been able to come through the crisis making good use of its opportunities while absorbing the impact of its risks. Our success rests upon the fact that we keep on steadily pursuing our long-term goals – crisis or no crisis. All these various factors are summed up by Team, Innovation, Green products, Efficiency and Responsibility. In turbulent times like these, the top short-term priority Clemens Steiner must be reliability. In the medium-term, there will once more be a demand for innovations that enable customers to produce more quickly and cost-effectively, with lower reject rates. In the not-so-distant future, attention will switch back to making the coatings process more eco-friendly and improving its energy balance. Following this, the issue of curing times and temperatures (i.e. of low-temperature powder coatings) is set to become more topical again. The second critical area will be the addition of extra functionalities to the organic coating films that are applied onto products. CW

Coming next month in

Aerospace Coatings High Performance Pigments Asia Pacific Report Radcure Raw Materials & Equipment

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July 2011

Resins Supplier Directory

FEATURE

Resins Supplier

Here are some of the latest offerings from key resins suppliers. For more information on the products listed, please contact the company directly. Alberdingk Boley, Inc. Greensboro, NC 336-454-5000 Fax: 336-454-5007 Web: www.alberdingkusa.com Resins offered: acrylic resins, emulsions, urethane/polyurethane resins Product name: AC 2403 Attributes comments: AC 2403 is a multiphase self-crosslinking acrylate dispersion with outstanding corrosion protection, excellent water vapor-barrier properties, gloss retention and water resistance for all metal substrates including galvanized surfaces.

American Casein Company Burlington, NJ Fax: 609-387-7204 E-mail: [email protected] Web: www.americancasein.com Resins offered: amino, natural resins

Arkema Coating Resins Cary, NC July 2011

919-469-6700 Web: www.arkemacoatingresins.com Resins offered: acrylic resins, acrylic-styrene emulsions, alkyd resins, high solids resins, hybrid resins, polyester resins, vinyl resins Product name: SNAP 720 Structured Nano-Acrylic Polymer Attributes/comments: Exceptional hardness in low-to-zero VOC architectural coatings.

BASF Corp. Florham Park, NJ 800-251-0612 E-mail: [email protected] Web: www.basf.us/dpsolutions Resins offered: acrylic resins, acrylic-styrene resins, amino, crosslinking resins, emulsions, epoxy hardeners, epoxy resins, high-solids resins, melamine/melamine-type resins, polyamide resins, UV curing resins, urethane crosslinkers, urethane/polyurethane resins Product name: Joncryl 1522 Attributes/comments: Joncryl 1522 in industrial coating formulations provides high gloss and exterior durability in a single coat. www.coatingsworld.com

Celanese Dallas, TX 972-443-4000 E-mail: [email protected] Web: www.celanese-emulsions.com Resins offered: acrylic resins, vinyl resins Product name: EcoVAE 501 VAE Emulsion and Avicor 601 Acrylic Emulsion Attributes/comments: EcoVAE 501 is designed to meet low VOC regulations across the spectrum of gloss levels. Avicor 601 offers very good adhesion and block resistance in flat through semi-gloss paints and was developed to be used with vinyl-based resins. These products can be used separately or together as a package to help the paint formulator meet their performance, marketing and economic goals.

Cia Nitro Quimica Brasileira Sao Paulo, Brazil 55-112246-4876 Fax: 55-11-2246-3290 E-mail: [email protected] Coatings World | 85

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Web: www.nitroquimica.com.br Resins offered: cellulose derivatives, nitrocellulose Attributes/comments: Nitrocellulose is a bio-renewable resin being used in the manufacturing of high performance paints and varnishes. Despite new resin systems being constantly developed, nitrocellulose still keeps its prominent place in the car repainting, wood sealant and finish, rotogravure and flexography printing inks, nail polish and leather finish segments, with new applications cropping up all the time.

Cytec Industries Woodland Park, NJ 973-357-3793 Fax: 973-357-3050 E-mail: [email protected] Web: www.cytec.com Resins offered: acrylic resins, acrylicstyrene emulsions, alkyd resins, amino, bitmens, cellulose derivatives, crosslinking resins, emulsions, epoxy hardeners, epoxy resins, ester gums, high-solids resins, hybrid resins, hydrocarbons resins, maleic resins, melamine/melamine-type resins, methacrylic monomers/polymers, natural resins, nitrocellulose, nylon resins, oleoresinous varnishes, phenolic resins, phenoxy resins, polyamide resins, polybutadienes, polybutenes, polyester resins, polyethylene resins, polypropylene resins, polysaccharide resins, rosin esters, rosin salts, silanes, silicone polyesters, silicone resins, styrene resins, terpenes, TGIC resins, UV curing resins, urethane crosslinkers, urethane lacquers, urethane/polyurethane resins, vinyl resins, water-thinned resins Product name: Resydrol AY6705 Waterborne Acrylic Resin

Resins offered: UV curing resins Product name: DM 5230 (Special Flexible Methacrylate) Attributes/comments: Manufacturer of UV curable raw materials and manufacturer of additives for coatings and plastics (antioxidants, UV absorbers).

Dow Coating Materials Philadelphia, PA Web: www.dow.com/coating Resins offered: acrylic resins, acrylic-styrene emulsions, crosslinking resins, emulsions, epoxy hardeners, epoxy resins, styrene resins, UV curing resins, urethane/polyurethane resins, vinyl resins Product name: Rhoplex VSR-2015 Acrylic Binder with Versair Technology Attributes/comments: Rhoplex VSR-2015 Acrylic Binder with Versair Technology is designed to help formulators develop noto-low-odor, high-performance flat to semigloss paints with low volatile organic compound (VOC) content and other outstanding performance characteristics.

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Product name: Ottopol M-49 Attributes/comments: Water-based acrylic for metallic inks and paints. Excellent aging stability and brilliance with bronze powders and aluminum powders.

Kraton Polymers Houston, TX 800-4-KRATON E-mail: [email protected] Web: www.kraton.com Resins offered: styrenic block copolymers: SEBS, SEPS, SIS Product name: G1643, FG1901 Attributes/comments: G1643 offers excellent flexibility and adhesion for coatings at lower VOC levels and also provides superior water resistance. FG1901 offers improved adhesion to polar substrates like metal and can provide excellent corrosion resistance for metal coatings.

Dow Corning Midland, MI 866-739-7224 Fax: 989-496-6299 E-mail: [email protected] Web: www.dowcorning.com/coatings Resins offered: crosslinking resins, high solids resins, silanes, silicone resins, silicone flake resins Product name: DC255 Flake Resin Attributes/comments: Dow Corning brand silicone resins and resin intermediates feature resistance to temperature extremes, moisture and weathering. They are compatible with many organic resins and particularly suited for hybrid resin technology.

Double Bond Chemical Industries USA W. Simsbury, CT 860-408-1216 E-mail: [email protected] Web site: www.double-bond-chem.com.tw

E-mail: [email protected] Web: www.gellnerindustrial.com Resins offered: acrylic resins, crosslinking resins, emulsions, methacrylic monomers and polymers

Gellner Industrial, LLC Hometown, PA 570-668-8800 Fax: 570-668-5671 www.coatingsworld.com

Lanxess Corp. Pittsburgh, PA 800-526-9377 E-mail: [email protected] Web: www.us.lanxess.com Resins offered: nylon resins, polyamide resins

Omnova Fair Lawn, OH 330-869-4494 Fax: 330-869-4410 E-mail: [email protected] Web: www.omnova.com Resins offered: acrylic resins, acrylicstyrene emulsions. Product name: Pliotec EL45 Attributes/comments: Pliotec EL45 is an all acrylic low Tg resin for EIFS, stucco and concrete add mixtures. When used as a concrete July 2011

Resins Supplier Directory

add mixer it provides a longer open time.

Organic Dyestuffs Corp. East Providence, RI 401-434-3300 Fax: 401-438-8136 E-mail: [email protected] Web: www.organicdye.com Resins offered: acrylic resins, acrylic-styrene emulsions, crosslinking resins, emulsions, melamine/melamine-type resins, polyester resins, vinyl resins

Reichhold, Inc. Durham, NC 919-990-7500 E-mail: [email protected] Web: www.reichhold.com Resins offered: acrylic resins, acrylic-styrene emulsions, alkyd resins, epoxy hardeners,

July 2011

epoxy resins, high-solids resins, phenolic resins, polyester resins, silicone resins, UV curing resins, urethane crosslinkers, urethane lacquers, urethane/polyurethane resins Product name: Beckosol AQ 210 Attributes/comments: Beckosol AAQ 210 is a medium oil chainstopeed alkyd latex that provides good corrosion resistance and adhesion to a variety of metal substrates.

Specialty Polymers, Inc. Woodburn, OR 800-770-7523 Fax: 503-981-7534 E-mail: [email protected] Web: www.specpoly.com Resins offered: acrylic resins, acrylic-styrene emulsions, crosslinking resins, emulsions, styrene resins, vinyl resins

FEATURE

Attributes/comments: RayCryl 4108 is an APEO-free self-crosslining acrylic emulsion for high performance architectural and industrial coatings. It provides high gloss, exceptional early water and blush resistance, superior adhesion and excellent stain resistance. CW

Should Your Company Be Here? Have your resins listed in Coatings World Send announcements to: Coatings World Resins Directory 70 Hilltop Road, Third Floor Ramsey, NJ 07446 USA E-mail: [email protected]

Product name: RayCryl 4108

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Industry News

AkzoNobel forms partnership in China to secure TiO2 supply

AkzoNobel has entered into a partnership in China with Quangxi CAVA Titanium Industry Co. Ltd. for the production and supply of titanium dioxide (TiO2). The collaboration, which includes the construction of a new TiO2 plant in Qinzhou, will help to secure AkzoNobel’s growing titanium dioxide raw material needs for the Asian market. Financial details were not disclosed. Rapid growth is expected within the global coatings and paints market and most of this demand growth will occur in Asia, especially China. As a result, the regional demand for TiO2 will also rise. “By entering into this partnership with CAVA, we will enhance security of supply in Asia for a critical raw material,” said Werner Fuhrmann, AkzoNobel’s executive committee member responsible for supply chain and sourcing. Quangxi CAVA Titanium Industry Co. Ltd. was recently established to produce titanium dioxide and is currently in the process of designing and constructing a 100,000-ton TiO2 plant at an industrial site in Qinzhou. Production is expected to start in early 2014. Titanium dioxide is the most widely used white pigment in the industry because of its brightness and opacity. Approximately five million tons of pigmentary TiO2 are consumed annually worldwide, mainly in the coatings, plastics and paper industries. AkzoNobel is the largest global paints and coatings company and currently employs around 6,700 people in China, where revenue for 2010 totaled €1.3 billion. The majority of revenue is generated from local demand. The company has 27 manufacturing locations in China.

PPG begins resin production in China PPG Industries began operations at a new facility in the Zhangjiagang Yangtze International Chemical Industrial Park, Jiangsu Province, which is its first resin 88 | Coatings World

production plant in mainland China. With initial production capacity of 27,000 metric tons per year, the plant will supply resin products to PPG coatings plants and other customers in the region.

Celanese Emulsion Polymers doubles VAE capacity in China The Emulsion Polymers business of Celanese Corporation dedicated its expanded vinyl acetate/ethylene (VAE) unit in Nanjing, China. The expansion, which doubles the original capacity of the VAE unit, came online in the second quarter. “This VAE unit expansion is a reflection of Celanese’s commitment to the further development of vinyl-based emulsion solutions spanning a broad range of end use applications including areas such as low VOC and low odor paints with our EcoVAE binder, specialty adhesives and building and construction applications," said Phillip McDivitt, general manager Celanese Emulsion Polymers. “Celanese has shown a strong commitment to China and Asia with its continued investments here in Nanjing and

Ice sculpture is filled by Celanese management to commemorate the new VAE unit at Nanjing China. Pictured in photo: Josh Cheng, president Celanese China; Robert King, general manager, Celanese Nanjing integrated complex; Phillip McDivitt, general manager, Emulsion Polymers business; Kevin Wu, commercial director Emulsion Polymers Asia.

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“Start-up of the Zhangjiagang plant marks another important milestone in PPG’s history of doing business in China,” said Charles Bunch, PPG chairman and chief executive. “This resins plant will across the region," said Josh Cheng, president, Celanese China. "There are now eight units here at the Celanese Nanjing Chemical Complex and more are planned at this facility, which is already Celanese’s largest complex in the world."

Phillip McDivitt, general manager, Emulsion Polymers business, participated in a traditional lion dance including dotting of the eyes during the opening ceremony to bring good luck and fortune to the new facility and business according to traditional Chinese folklore.

In addition to its manufacturing investments, Celanese also opened the Celanese Shanghai Commercial and Technology Center (CSCT) earlier this year. The CSCT houses hundreds of employees to service customers in China and throughout Asia both on a business and technical level. A traditional lion dance including dotting of the eyes was performed during the opening ceremony to bring good luck and fortune to the new facility and business according to traditional Chinese folklore. At the facility, Celanese makes acetic acid from coal. The acid is then converted into vinyl acetate monomer or VAM, which is the main building block for the VAE emulsions.

July 2011

BASF launches dispersions and pigments website BASF’s dispersions and pigments business in North America has launched a new website: www.basf.us/dpsolutions. The new website provides customers with easy access to information about the company’s high-value ingredients and solutions for decorative, industrial and transportation paints and coatings; printing inks, overprint varnishes, functional coatings and adhesives for printing and packaging building and infrastructure materials; and nonwovens and fiber bonding.

Rhodia to increase hydroquinone capacity in China Rhodia has announced plans to increase its worldwide production capacity of hydroquinone by 20 percent, especially at Rhodia Zhenjiang unit in China by 2012. The global demand for hydroquinone is driven by high, sustained growth of certain mar-

Industry News

help PPG to better serve China and other countries in the Asia Pacific region, reinforcing our leading position in the regional paint and coatings industry as well as our focus on growth in these rapidly developing economies. Additionally, the plant’s green systems and construction help PPG to honor its commitment to sustainable operation.” “China and the entire Asia Pacific region are areas of great importance to PPG’s global growth strategy,” said Viktor Sekmakas, PPG senior vice president, industrial coatings, and president, PPG Asia Pacific. “The Zhangjiagang facility will supply regional PPG coatings plants with key raw materials of consistent quality, more quickly and at lower costs than was previously possible. It will help to streamline PPG’s Asia Pacific operations and increase our commitment to providing customers here with high-quality products and reliable service.” The new plant will produce finished electrodeposition resins for use in the manufacture of automotive and industrial electrocoat products. It spans 60,000 square meters and incorporates green building materials by PPG such as low-VOC coatings and low-emissivity glass. Since PPG began construction of the plant in October 2009, it has aimed to conserve energy, water and raw materials that will make the facility a model of sustainability in the region. PPG also operates resin-production facilities in the U.S., Europe, Brazil, Australia, South Korea and Mexico.

kets such as superabsorbent polymers, paint, construction, automotive or electronics. This significant development project illustrates Rhodia’s commitment to underpin the hydroquinone market’s growth, especially in Asia, while consolidating its strengths, namely proximity, quality and security of supply to its customers via its three production units throughout the world. In addition to its comprehensive range of stabilizers for monomers, Rhodia provides high-quality technical support, thanks in particular to its international expertise laboratory and its global technical support teams.

BioAmber wins Presidential Green Chemistry Challenge Award BioAmber, Inc. has been awarded a 2011 Presidential Green Chemistry Challenge Award, presented by the Environmental Protection Agency (EPA) and the American Chemical Society (ACS). The Award

Ashland wins Ringier Technology Innovation Award Ashland Aqualon Functional Ingredients, a commercial unit of Ashland Inc., received Ringier Technology Innovation Awards for achievements in coatings additives and food and beverage technologies during recently held ceremonies in Shanghai. The awards recognize companies that have made significant contributions to technological advancement in the Asia-Pacific region. Ashland Aqualon Functional Ingredients was honored for bringing both Natrosol HE3KB modified hydroxyethylcellulose to the coatings industry and Benecel methylcellulose and hydroxypropyl methylcellulose to the regional food and beverage industry. July 2011

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promotes technology that provides substantial environmental benefits using green chemistry. BioAmber’s platform was recognized as the leading technology in the field of succinic acid. BioAmber is the first company to successfully commercialize a biobased chemical that directly substitutes its petro-chemical equivalent. BioAmber’s succinic acid platform delivers environmentally sound, cost-effective performance materials that can replace petrochemicals in a wide range of applications, including adipic-based polyurethanes, phthalate-based plasticizers and acetatebased deicing solutions. BioAmber’s technology produces succinic acid that competes on cost with fossil fuel derived succinic acid when oil prices are well below $40 per barrel. The technology also sequesters carbon dioxide rather than emitting it.

Cytec opens production line for Cyasorb Cynergy Solutions Stabilizers in Shanghai Cytec Industries Inc. announced that a new production line for Cyabsorb Cynergy Solutions stabilizers will be set up in Cytec’s manufacturing site in Fengxian, Shanghai, China. The start up of the new production line is expected in the first quarter of 2012. The production of Cyabsorb UV-3853 light stabilizer monomeric hindered amine light stabilizer will also be increased. “The addition of this production line for Cyabsorb Cynergy Solutions will allow our customers in Asia Pacific, and particularly in China, to get faster supply of our high performance UV stabilizers,” said Domenico Romanino, global business director polymer additives. “The new line will produce, among other products, Cyabsorb Cynergy Solutions V703 stabilizer, the most recent UV stabilization solution for Automotive TPO (Thermoplastic Olefin) compounds. This investment, in conjunction with the already announced manufacturing expansions in Willow Island, WV, represents an important commitment to our customers and to their need for high performance UV protection solutions.”

Emerald to increase capacity of colorant product line Emerald Performance Materials Specialties 90 | Coatings World

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Group has increased capacity of its Hilton Davis Lake Colorant product line in Cincinnati, Ohio/USA. Emerald Hilton Davis produces colorants in several forms at its Cincinnati location, which has manufactured colorants for nearly 90 years. The different types of colorants include dyes, lakes and dispersions. These are used in a wide variety of applications ranging from food and beverage applications, personal care and household products to graphic arts and printing applications, varnish, deck stains and paint. “Each type of colorant technology is designed and tailored for a specific end-use,” said Jenny S. Smith, business manager for Emerald Specialties. “Lakes are a water-insoluble form of dye used to provide vibrant, high strength color in food applications. These provide color in applications such as bakery and confections as they are soluble in oil and butter, and thus prevent undesirable color-bleed.”

Nordson opens demo center in China Nordson Corporation announced the opening of a new demo center in Dongguan, China that will further the company’s ability to meet the needs of customers in its Advanced Technology Systems operating segment. The new center will initially be focused on products and solutions provided by the Advanced Technology segment’s Nordson Asymteck, Nordson Dage and Nordson Yestech brands. The new facility will provide greater access to equipment demonstrations, application engineering support, training, sales, and service for customers in South China’s expanding high tech manufacturing industry.

Clariant expands capacity for Mowilith emulsions Clariant has scaled-up production capacity for its Mowilith emulsions by 35 percent. The additional capacity is especially intended for its wide-ranging line of copolymers and terpolymers. The investment will also enable the unit to enhance its portfolio with new products offering commercial and technical benefits for customers. Clariant will incorporate into its production, among others, a line of elastomeric terpolymers and new alternatives for emulsions to solvent varnishes and enamels. July 2011

Rhodia and SIBUR have signed a letter of intent to create a joint venture in specialty surfactants. This strategic alliance would be focused on creating a leader in the CIS market where specialty surfactants are used particularly in home and personal care, and oil and gas industries, with the surfactants sector growing at more than six percent per year.

Evonik and Taiyo Nippon Sanso open plant for monosilane and Aerosil Evonik Industries and its partner Taiyo Nippon Sanso Corporation (TNSC) officially started up the new integrated production facility for monosilane and Aerosil in Yokkaichi, 400 kilometers south of Tokyo, Japan. Evonik has realized a future-oriented project to serve the growing photovoltaic and electronic markets. The project volume was approximately €150 million and the facility was the company’s largest single project in 2010. Evonik has a long-term agreement to supply monosilane to TNSC. Monosilane is used in the production of thin film solar cells, flat-screen displays and semiconductors for the electronics industry. Applications for Aerosil include processing into plastics, colorants and coatings.

GEO Specialty Chemicals, Inc. to acquire BASF’s bisomer monomer business GEO Specialty Chemicals, Inc. has entered into an agreement with BASF to acquire the Bisomer monomer business (hydroxy methacrylates, multifunctional methacrylates (MFM) and specialty adducts) and conventional contact lens business of Cognis UK. The transaction includes a manufacturing facility in Hythe, England that produces hydroxy methacrylates, multifunctional methacrylates (MFM) and specialty adducts, polyalkylene glycols (PAG) and PAG-based lubricants. As a part of the transaction, approximately 140 employees are expected to transfer to the new owner, GEO Specialty Chemicals UK Limited. Hydroxy monomers are intermediates that are primarily used in high performance automotive paints and high-gloss product lacquers, and in industrial finish applications. July 2011

Omnova expands manufacturing of Pliotec acrylic coating Omnova Solutions has expanded manufacturing capability for its Pliotec waterbased acrylic coating resins to include three locations in the U.S. The expansion is part of the integration of Eliokem—acquired in December 2010—into Omnova’s Perform-

T

Industry News

Rhodia and SIBUR form JV

ance Chemicals business unit. In addition to existing manufacturing at the former Eliokem site in Akron, Ohio/USA, Pliotec resins will be produced at Omnova’s facilities in Chester, South Carolina and Fitchburg, Massachusetts. Pliotec 7104 and Pliotec PA05 resins will be available immediately from the Chester facility. CW

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Suppliers Corner

Sun Chemical introduces reddish blue pigment for automotive coatings

Sun Chemical has launched Palomar Alpha Blue 60, a reddish blue high performance effect pigment for coatings that can maintain its color properties for years under the impact of sunlight and other harsh weather conditions, according to the company. In addition to its strong weatherfastness capabilities, Sun Chemical Performance Pigments’ Alpha Blue 60 can be used in both water and solvent systems for OEM, refinish automotive and industrial coatings. Alpha Blue 60 pigments have the added benefits of excellent viscosity and easy dispersion, and its unique transparency and travel provide the visual appearance that is required for red shade blues used in metallic and effect automotive coatings.

Dow offers Evoque precomposite polymer technology Dow Coating Materials (DCM) has launched Evoque pre composite polymer technology designed to change the way formulators think about hiding and the use of titanium dioxide (TiO2). Evoque pre-composite polymer technology improves the particle distribution and light scattering efficiency of TiO2, facilitating improvements in hiding efficiency and allowing for up to 20 percent less TiO2 used in the formulation. Additional benefits include improved barrier properties, such as stain and corrosion resistance. Depending on their formulation goals, paint manufacturers can use Evoque pre-composite polymer technology to reduce TiO2 content or improve hiding while they improve paint performance. The technology may also help formulators reduce the carbon footprint of their end products by reducing the energy footprint that comes from mining, processing and transporting TiO2 to their formulation plants. DCM is conducting a life cycle analysis, which will be verified by a third party, to quantify the full spectrum of sustainability advantages that may result from using Evoque. 92 | Coatings World

Michelman launches Michem Emulsion 62330 for exterior wood applications Michem Emulsion 62330 from Michelman is a fine particle-sized emulsion that delivers excellent water repellency when added to varnishes and other coatings such as architectural paint, stains and sealants, without affecting gloss, according to the company. It is used to produce reliable water beading in decks and sealants, and burnish resistance in interior latex paints. Its small particle size allows it to be used at low levels in high-gloss systems to improve water resistance. Highly compatible with a range of polymers, Michem Emulsion 62330 can improve anti-blocking and maintains low VOC levels. The product can be used in a wide variety of applications, including exterior wood, wood composite, architectural and decorative coatings and interior furniture and floor coatings.

ties Group has launched two new defoamers, Foam Blast 290 and Foam Blast 331, for use in low-VOC architectural and industrial coatings, adhesives and other latex polymer applications. These products are effective, low- or zero-VOC, alkyl phenol ethoxylate (APE)-free defoamers that are compatible with a full range of coatings formulations from flat to high gloss, clear and pigmented systems. Foam Blast 290, an organically modified low-VOC silicone defoamer, is effective in combating foam over time, while retaining gloss and clarity in clear coat systems and paints. Foam Blast 331, a fortified mineral oilbased zero-VOC product, offers excellent initial and long-term foam control. Both products are compatible in a wide range of polymers and coatings and are effective in both the high sheer grind and low sheer let down stage.

Wacker Group launches Silres IC 368 Evonik offers new Tego dispersing additives Evonik has introduced Tego Dispers 653 and Tego Dispers 656 dispersing additives for universal pastes. The products offer excellent water resistance for indoor and outdoor applications, according to the company. With the new water-resistant wetting and dispersing additives, Tego Dispers 653 and Tego Dispers 656, it is possible to produce even dark shades with low water absorption. The dispersing additives meet the EU Eco-label formulating requirements and are, like all wetting and dispersing additives from Evonik, free from alkylphenol ethoxylates.

Emerald Performance Materials offers antifoam products for low-VOC coatings Emerald Performance Materials Specialwww.coatingsworld.com

Wacker Group has launched Silres IC 368, a new liquid solventless silicone resin intermediate for highly weatherable coatings. Silres IC 368 liquid has a low viscosity and can be processed without organic solvents. When this intermediate is cooked with the same proportion of alkyd and silicone resins, the resultant viscosity is one third of the value obtained with solid silicone resins. This means that Silres IC 368 is extremely useful for combination resins that have an extremely high solids content, yet sufficiently low viscosity for low-solvent, high-solids topcoats, according to the company. The new intermediate is highly versatile and is suitable for modifying alkyd resins, hydroxy-functional acryl resins and hydroxy-functional polyesters that are commonly used for the industrial coating of wood and metal, including coil coatings. CW July 2011

The supervisory board of AkzoNobel has announced that Hans Wijers, chief executive officer has decided to step down with effect from the annual general meeting (AGM) 2012. The board also announced the appointment of Ton Büchner as the company’s new Ton Büchner chief executive officer, pending AGM approval. Büchner is currently president and chief executive officer of Sulzer AG. Wijers joined AkzoNobel as a member of the board of management in October 2002, and was appointed CEO in May 2003. In his first few years, he improved the pipeline of the pharma business, focused the chemicals businesses and successfully grew coatings operations. Following these strategic changes, he led the transformation of the company by divesting its pharmaceuticals operations and acquiring ICI, effectively creating today’s AkzoNobel, a leader in coatings and specialty chemicals. Büchner has been chief executive of Sulzer AG, a publically traded company on the Swiss Stock Exchange, since 2007. He joined Sulzer in 1994 and has held a number of operational and leadership roles across the company including the presidencies of two of its divisions—Sulzer Turbomachinery Services and Sulzer Pumps. He was also chief representative and responsible for Sulzer operations in China.

DKSH Performance Materials appoints business manager DKSH has appointed Mathias Greger business unit manager for its specialty chemicals distribution business in North America. He has been working with the Swiss-based market expansion services July 2011

group over the past year, leading the inhouse consulting team in Kuala Lumpur. Prior to joining DKSH, he had worked for the chemicals division of Mitsui & Co., with responsibility for sales and business development in Central and Eastern Europe. In his new role, Greger will focus on overall growth activities in the North American market by acquiring new suppliers, strengthening relationships with key suppliers and expanding the customer base in the specialty chemicals and personal care industries.

Michelman names chemical specialties R&D manager Michelman has hired Michael Kramer as its chemical specialties R&D manager. Kramer will be based at the company’s headquarters in Cincinnati, OH and will be responsible for the global chemical specialties R&D activities, including project and technology leadership, technical service and laboratory management. He will also serve on the company’s technology leadership team.

People

Büchner to succeed Wijers as CEO of AkzoNobel

plications, including coating and elastomer formulations; surface preparation and chemical deposition; plastics formulations, compounding and molding; and semiconductor, photovoltaic and LED materials and processing.

US Phosphor names Sexton general manager US Phosphor, a manufacturer of longpersistence phosphor, has named Allen Sexton general manager. Sexton brings decades of phosphor and chemical industry experience to the company. He will have key responsibilities in advancing US Phosphor’s strategy to expand its product set and deepen its penetration into vertical markets. Sexton previously served as the vice president of Prayon, Inc., a manufacturer of specialty phosphorus chemicals based in Belgium. During his five years at Prayon, Sexton was responsible for all tactical and strategic planning and execution in North American business markets. With US Phosphor, Sexton will oversee all sales and business development, as well as all manufacturing and production operations.

Gelest appoints Herberg regional sales manager Gelest, Inc. has appointed Michael Herberg sales manager, Southeast and Midwest. He is based in North Carolina and is responsible for managing field sales. A veteran of the chemical industry, Herberg comes to Gelest with broad experience that encompasses roles in sales, market development, product development, R&D, engineering and technical and business management for a number of major companies in the silicone industry, including Clariant Corporation, Rhodia Silicones (now Bluestar Silicones), Shin-Etsu Silicones of America, WR Grace and General Electric Co. (now Momentive Performance Materials). He is technically versed in silanes and siloxane polymers and intermediates, as found in many apwww.coatingsworld.com

Archway Sales adds to customer service team Pat O’Brien has joined Archway Sales, Inc. as a technical sales representative for its Midwest region. O’Brien has more than 20 years experience in technical sales in the chemical/industrial industry. He was most recently an account executive with UNIVAR with focus on the coatings, adhesives, sealant and elastomer markets. He will be responsible to grow Archway’s presence and sales in parts of IA, IL and MO. Julian Rodriguez has also joined Archway Sales, Inc. for its Midwest region. Rodriguez will be a member of the company’s customer service team based out of St. Louis, MO. CW Coatings World | 93

Meetings

Latin American Coatings Show is in Mexico City July 13-14

July 13-14: Latin American Coatings Show 2011, Mexico City, Mexico. More info: The Coatings Group, www.coatings-group.com. July 18-20: Introduction to Coatings Composition and Specifications, Rolla, MO/USA. More info: Missouri University of Science and Technology, http://coatings.mst.edu. July 18-22: Polymers and Coatings Introductory Short Course, San Luis Obispo. More info: www.polymerscoatings.calpoly.edu. July 24-30: 19th International Conference on Composities, Shanghai, China. More info: www.icce-nano.org. Sept. 13-14: Coatings Trends & Technologies, Oak Brook, IL/USA. More info: www.coatingsconference.com. Sept. 13-14: International Coating and Wood Composites Conference, Charlotte, NC. More info: www.paint.org/events/ac-series. Sept. 14-15: Advances in Polyurethane Technology Conference, Charlotte, NC. More info: www.paint.org/events/ac-series. Sept. 14-15: Asia Pacific Coatings Show 2011, Singapore. More info: The

94 | Coatings World

MAJOR UPCOMING MEETINGS July 13-14: Latin American Coatings Show 2011 Mexico City, Mexico www.coatings-group.com Sept. 14-15: Asia Pacific Coatings Show 2011 Singapore www.coatings-group.com Sept. 27-29: eurocoat 2011 Paris, France www.eurocoat-expo.com Coatings Group, www.coatingsgroup.com. Sept. 15-16: Feica European Adhesives & Sealants Conference 2011, Valencia, Spain. More info: www.feicaconferences.com. Sept. 19-23: Basic Composition of Coatings, Rolla, MO/USA; More info: Missouri S&T Coatings Institute, http://coatings.mst.edu. Sept. 27-29: eurocoat 2011, Paris, France. More info, www.eurocoatexpo.com

www.coatingsworld.com

Oct. 4-7: GreenBuild 2011, Toronto, Canada. More info: www.greenbuildexpo.org. Oct 5-7: CEPE - Annual Conference & General Assembly 2011, Dublin, Ireland. More info: www.europeancoatings.com/cepe. Oct. 6-8: TurkCoat Eurasia, Istanbul, Turkey. More info: www.turkcoat.com. Oct. 10-14: Introduction to Paint Formulation, Rolla, MO/USA; More info: Missouri S&T Coatings Institute, http://coatings.mst.edu.

July 2011

Oct. 18-20: RadTech Europe 2011 Conference & Exhibition, Basel, Switzerland. More info: Vincentz Network, www.european-coatings.com. Oct. 23-26: Western Coatings Symposium, Las Vegas, NV/USA. More info: Pacific Northwest Society for Coatings Technology, www.pnwsct.org/symposium-wcs. Oct. 24-26: The Future of Pigments, Berlin, Germany. More info: www.pigmentmarkets.com. Nov. 20-24: 18th International Corrosion Congress, Perth, Australia. More info: www.18iccperth2011.com.

Nov. 21-23: ABRAFATI 2011, Sao Paulo, Brazil. More info: Abrafati, www.abrafati.com. Nov. 23-24: CHINACOAT 2011, Shanghai, China. More info: Sinostar, www.chinacoat.net. 2012 Jan. 23: Coatings for Concrete Conference, Las Vegas, NV. More info: www.paint.org/events/ac-series. Jan. 30 - Feb. 2: SSPC 2012, Tampa, FL. More info: www.sspc.org. Feb. 13-17: 39th Annual Waterborne Symposium, New Orleans, LA. More info: www.psrc.usm.edu.com. Mar. 12-14: Middle East Coatings Show 2012, Dubai, UAE. More info: The

Coatings Group, www.coatingsgroup.com.

Meetings

Oct. 16-18: ASC Fall Convention, Indianapolis, IN/USA. More info: The Adhesive and Sealant Council, www.ascouncil.org.

Apr. 17-20: PaintExpo, Karlsruhe, Germany. More info: www.paintexpo.com. May 8-10: American Coatings Show, Indianopolis, IN. More info: www.american-coatings-show.com. May 8-10: American Coatings Show, Indianopolis, IN. More info: www.american-coatings-show.com CW

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July 2011

Advertising Index

Company Name

Page

Phone

Fax

Website

Arch Chemical ..........................................37 ....................800-523-7391...............866-705-0465.......................www.archbiocides.com American Coatings Conference..............40-41..................770-618-5830...........................................www.american-coatings-show.com Blairgowrie Associates, LLC. ....................94 ....................602-539-2683 ...............................................www.blairgowrieassociates.com Buhler .......................................................19 ....................512-466-8005 .............................................................www.buhlergroup.com Buhler Inc..................................................89 ....................763-847-9900 .............................................................www.buhlergroup.com BYK USA Inc. ............................................9 .....................203-265-2086...............203-284-9158.....................................www.byk.com Celanese ....................................................43 ....................972-443-3913...................................................www.celanese-emulsions.com Chemark Consulting.................................39 ....................910-692-2492 ..............910-692-2523 ..............www.chemarkconsulting.net Conn & Company....................................91 ....................814-723-7980...............814-723-8502 ..........................www.connblade.com Cytec Industries Inc. .................................17 ....................800-652-6013.........................................................................www.cytec.com DOW Coating Materials...........................11 ....................800-447-4369...............989-832-1465 .........................www.dow.com/hiding Everlight Chemical Ind. Corp. ..................39...............+886-(0)2-27066006 ...+886-(0)2-23263599.................www.everlight-uva.com Evonik Industries .......................................7 .....................732-981-5343 ....................................................www.evonik.com/colortrend Evonik Industries ......................................45 ....................732-981-5343 ...............................................www.evonik.com/chroma-chem Heubach Ltd. .............................................3....................800-HEUBACH .............215-736-2249......................www.heubachcolor.com King Industries..........................................16 ....................203-866-5551...............203-866-1268 ....................www.kingindustries.com LANXESS Corporation ............................21 ....................412-809-1000...............412-809-1068 ..............................www.bayferrox.us Little Joe Industries ...................................31 ....................908-359-5213...............908-359-5724...............................www.littlejoe.com Micro Powders, Inc....................................4 .....................914-793-4058...............914-472-7098....................www.micropowders.com Munzing ................................................Cov. 4 .................973-279-1306...................................................................www.munzing.com Nitro Quimica ..........................................25 ...................................................................................................www.nitroquimica.com.br Red Devil Equipment Co..........................35 ....................800-221-1083...............763-533-0015 .............www.reddevilequipment.com Reitech Corporation .................................18 ....................610-929-9451 ...................................................www.reitechcorporation.com Rio Tinto Minerals ...................................23 ....................303-713-5000 .......................................................www.riotintominerals.com Shamrock Technologies Inc....................Cov. 2 .................973-242-2999...............973-242-2536 .......www.shamrocktechnologies.com Shijiazhuang Goldenfish Paint .................90 .................86 311 85233805.........86 311 83035061...................www.goldenfish.com.cn Specialty Polymers, Inc..............................87 ....................800-770-7523 ...................................................................www.specpoly.com Star-up Pigment.........................................95................+86-571-8217 1888......+86-571-82170887................www.staruppigment.com Troy Corporation .....................................33 ....................973-443-4200...............973-443-0843 .............................www.troycorp.com Trust Chem USA .......................................13 ....................401-398-7301...............401-398-7321......................www.trustchemusa.com Wacker Chemical Corporation .................15 ....................517-264-8790...............517-264-8137................................www.wacker.com July 2011

www.coatingsworld.com

Coatings World | 97

Final Coat

PPG sponsors Pittsburgh science shows at 12 schools in Metro Detroit

The PPG Industries Foundation sponsored interactive assemblies about color, chemistry and climate change presented recently by Carnegie Science Center of Pittsburgh at 12 schools in Metro Detroit. Through an employee program of the foundation, employees at the PPG Industries Automotive Technology Center in Troy requested grants to bring the science shows to area schools where they have an interest. Timothy Knavish, PPG vice president, automotive OEM coatings, Americas, welcomed students at Thirkell Elementary to join in “The Great Color Caper” and help find the culprit who stole colors from the city of Spectropolis, while learning about the science behind light and color. Students in other schools explored how chemistry affects industry, technology and the environment with “Ion Jones and the Lost Castle of Chemistry,” and some joined a quest to save the environment while learning about the science of climate change

and renewable energy technology with “Captain Green’s Time Machine.” “PPG is strongly committed to helping enhance the quality of life in communities such as Metro Detroit where it has a presence, especially through educational initiatives such as these Carnegie Science Center assemblies,” Knavish said. “We are excited to have brought these programs to Thirkell and other schools in the Detroit area, and we hope they helped students to see how fun and exciting science and technology can be.” Carnegie Science Center developed these three interactive Science on the Road educational programs, and a fourth called “Fractured Physics,” with more than $580,000 in combined donations from the PPG Industries Foundation and PPG Industries. Additionally, PPG employees collaborated with the science center’s education specialists to develop the multimedia shows and accompanying materials. CW

Students at Lindbergh Elementary School in Dearborn, Michigan enjoy a presentation of the multimedia, interactive “Ion Jones and the Lost Castle of Chemistry” assembly from Carnegie Science Center in Pittsburgh. The show is one of four dynamic Science on the Road educational programs that Carnegie Science Center developed with funding and participation from PPG. Employees at the PPG Automotive Technology Center in Troy requested grants through a PPG Industries Foundation program to fund visits by this show and two others to Lindbergh and 11 other schools in Metro Detroit. 98 | Coatings World

www.coatingsworld.com

July 2011

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