DuPont weighs alternative strategies for Performance Chemicals
1
OCTOBER 2013 5 FOCUS ON POWDER COATINGS Pronova BioPharma’s business was mostly responsible for this growth. Negative currency effects reduced sales growth. As a result of sustained intense competition, sales prices fell for vitamins. Higher sales volumes in the pharmaceutical and aroma chemicals businesses almost fully offset lower demand for human and animal nutrition products. In addition to strong pressure on margins, slightly higher fixed costs also led to a decrease in earnings. Sales were down in the Paper Chemicals division from €405 M in 2Q 2012 to €370 M in 2Q 2013. Volumes and sales prices declined as competition intensified. Lower raw material costs increased the pressure on prices. Sales were also negatively impacted by currency effects. While demand for packaging products was stable, demand declined for chemicals for graphic paper production. Earnings did not match the level of 2Q 2012, especially as a result of the decrease in sales volumes. Sales declined in the Performance Chemicals division from €939 M in 2Q 2012 to €923 M in 2Q 2013, primarily due to currency effects. Lower sales volumes in plastic additives and leather and textile chemicals were offset by higher volumes in the fuel and lubricant additives business and in water, oilfield and mining chemicals. Earnings were lower than 2Q 2012. For 1H 2013, performance products sales amounted to €7912 M, down by 2% compared with 1H 2012 at €8042 M. In the same period, EBITDA also dropped to €1124 M while research and development expenses rose to €184 M. Original Source: BASF, website: http://www.basf.com/ (25 Jul 2013) © BASF 2013 DuPont weighs alternative strategies for Performance Chemicals As a result of unstable and seasonal performance in the chemicals markets, DuPont is looking for alternative strategies for its Performance Chemicals segment. The company is considering a full or partial separation of its Titanium Technologies and Chemicals & Fluoroproducts segments through a spin-off, a sale, or another type of transaction. These segments recorded sales of $7.2 bn in 2012. The company also aims to identify how integrated science can benefit the businesses. In early 2013, the Performance Coatings business was sold. In addition, the company is reorganizing its leadership group for applied integrated science strategy across its businesses. Original Source: Coatings Today, 7 Aug 2013, (Website: http://www.paint.org/) © American Coatings Association 2013 PPG inaugurates industrial coatings production facility for heavy-load machines in China US company PPG Industries recently inaugurated a new factory for the manufacture of coatings for high-performance machinery in Tianjin in China. PPG’s new production plant will manufacture around 9000 tonnes/y of industrial coatings. The facility represents PPG’s first production plant in China and will supply automotive coatings and industrial coatings for the Chinese market. Original Source: Farbe und Lack (Online Version), 23 Jul 2013, (Website: http://www.farbeundlack.de/) (in German) © Vincentz Network 2013 Asian Paints consolidated income from operations up by 11.6% Asian Paints has announced its financial results for 1Q 2013. For the quarter ended 30 Jun 2013, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints, net profit of the group is Rup 275.2 crores as compared to Rup 288.4 crores in the previous corresponding quarter. Income from operations has risen by 11.6% to Rup 2841.1 crores from Rup 2546.1 crores. PBDIT for the group has increased by 4% to Rup 464.7 crores from Rup 446.6 crores. Profit before tax is Rup 423.9 crores as compared to Rup 426.2 crores in the previous corresponding quarter. Net profit on a standalone basis increased by 3.4% to Rup 283.9 crores from Rup 274.6 crores. Income from operations increased by 12.9% to Rup 2319.7 crores from Rup 2054.0 crores. PBDIT for the quarter increased by 3.6% to Rup 419.2 crores from Rup 404.8 crores. Profit before tax has increased by 4.8% to Rup 413.6 crores from Rup 394.8 crores. (1 crore = 10 M). Original Source: Asian Paints, website: http://www.asianpaints.com/ (22 Jul 2013) © Asian Paints 2013 PPG begins producing protective and marine coatings at Poland facility PPG Industries’ facility in Ostrow Wielkopolski, Poland has begun producing protective and marine coatings (PMC) products, such as epoxy, hardener, alkyd, acrylic, zinc and polyurethane products, for the construction, petrochemical, shipbuilding and energy industries. The plant will help boost the company’s position in fast-growing markets throughout Central and Eastern Europe, Russia and Turkey. Original Source: Coatings World, Jul 2013, 18 (7), 11,14-15 (Website: http://www.coatingsworld.com) © Rodman Publishing 2013 NEW PRODUCTS US ARL approves Hentzen Coatings’ CARC powder top coat (MIL-PRF-32348 type III) Hentzen Coatings Inc has announced that the US Army Research laboratory (ARL) has issued its first ever approval of a
Transcript of DuPont weighs alternative strategies for Performance Chemicals
OCTOBER 2013 5
F O C U S O N P O W D E R C O A T I N G S
Pronova BioPharma’s businesswas mostly responsible for thisgrowth. Negative currency effectsreduced sales growth. As a resultof sustained intense competition,sales prices fell for vitamins.Higher sales volumes in thepharmaceutical and aromachemicals businesses almost fullyoffset lower demand for humanand animal nutrition products. Inaddition to strong pressure onmargins, slightly higher fixedcosts also led to a decrease inearnings. Sales were down in thePaper Chemicals division from€405 M in 2Q 2012 to €370 M in2Q 2013. Volumes and salesprices declined as competitionintensified. Lower raw materialcosts increased the pressure onprices. Sales were alsonegatively impacted by currencyeffects. While demand forpackaging products was stable,demand declined for chemicalsfor graphic paper production.Earnings did not match the levelof 2Q 2012, especially as aresult of the decrease in salesvolumes. Sales declined in thePerformance Chemicals divisionfrom €939 M in 2Q 2012 to €923M in 2Q 2013, primarily due tocurrency effects. Lower salesvolumes in plastic additives andleather and textile chemicalswere offset by higher volumes inthe fuel and lubricant additivesbusiness and in water, oilfieldand mining chemicals. Earningswere lower than 2Q 2012. For1H 2013, performance productssales amounted to €7912 M,down by 2% compared with 1H2012 at €8042 M. In the sameperiod, EBITDA also dropped to€1124 M while research anddevelopment expenses rose to€184 M.
Original Source: BASF, website:http://www.basf.com/ (25 Jul 2013) © BASF2013
DuPont weighs alternativestrategies for PerformanceChemicals
As a result of unstable andseasonal performance in the
chemicals markets, DuPont islooking for alternative strategiesfor its Performance Chemicalssegment. The company isconsidering a full or partialseparation of its TitaniumTechnologies and Chemicals &Fluoroproducts segments througha spin-off, a sale, or another typeof transaction. These segmentsrecorded sales of $7.2 bn in2012. The company also aims toidentify how integrated sciencecan benefit the businesses. Inearly 2013, the PerformanceCoatings business was sold. Inaddition, the company isreorganizing its leadership groupfor applied integrated sciencestrategy across its businesses.
Original Source: Coatings Today, 7 Aug2013, (Website: http://www.paint.org/) © American Coatings Association 2013
PPG inaugurates industrialcoatings production facility forheavy-load machines in China
US company PPG Industriesrecently inaugurated a newfactory for the manufacture ofcoatings for high-performancemachinery in Tianjin in China.PPG’s new production plant willmanufacture around 9000tonnes/y of industrial coatings.The facility represents PPG’s firstproduction plant in China and willsupply automotive coatings andindustrial coatings for theChinese market.
Original Source: Farbe und Lack (OnlineVersion), 23 Jul 2013, (Website:http://www.farbeundlack.de/) (in German) © Vincentz Network 2013
Asian Paints consolidated incomefrom operations up by 11.6%
Asian Paints has announced itsfinancial results for 1Q 2013. Forthe quarter ended 30 Jun 2013,on consolidation of accounts ofthe subsidiaries and jointventures of Asian Paints, netprofit of the group is Rup 275.2crores as compared to Rup 288.4crores in the previouscorresponding quarter. Incomefrom operations has risen by
11.6% to Rup 2841.1 crores fromRup 2546.1 crores. PBDIT for thegroup has increased by 4% toRup 464.7 crores from Rup 446.6crores. Profit before tax is Rup423.9 crores as compared to Rup426.2 crores in the previouscorresponding quarter. Net profiton a standalone basis increasedby 3.4% to Rup 283.9 croresfrom Rup 274.6 crores. Incomefrom operations increased by12.9% to Rup 2319.7 crores fromRup 2054.0 crores. PBDIT for thequarter increased by 3.6% to Rup419.2 crores from Rup 404.8crores. Profit before tax hasincreased by 4.8% to Rup 413.6crores from Rup 394.8 crores. (1crore = 10 M).
Original Source: Asian Paints, website:http://www.asianpaints.com/ (22 Jul 2013)© Asian Paints 2013
PPG begins producing protectiveand marine coatings at Polandfacility
PPG Industries’ facility in OstrowWielkopolski, Poland has begunproducing protective and marinecoatings (PMC) products, such asepoxy, hardener, alkyd, acrylic,zinc and polyurethane products,for the construction,petrochemical, shipbuilding andenergy industries. The plant willhelp boost the company’sposition in fast-growing marketsthroughout Central and EasternEurope, Russia and Turkey.
Original Source: Coatings World, Jul 2013,18 (7), 11,14-15 (Website:http://www.coatingsworld.com) © RodmanPublishing 2013
NEWPRODUCTS
US ARL approves HentzenCoatings’ CARC powder top coat(MIL-PRF-32348 type III)
Hentzen Coatings Inc hasannounced that the US ArmyResearch laboratory (ARL) hasissued its first ever approval of a
