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We create
chemistry
so that performance
loves versatility.
Add vibrancy and depth to your industrial coatings with Irgazin Orange L 2985 HD.
It is ideally suited to the high durability demands of construction equipment coatings
and versatile enough to use in a wide variety of applications:
150 years
Lead-free
Waterborne and solventborne formulations
Increased pigment loading
Low foaming
Versatility and performance you can rely on. At BASF, we create chemistry.
www.basf.us/dpsolutions
= Registered trademark of BASF Corporation.
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29
29
34
38
40
COLUMNS
Business Corner.................................................... 24
Managing Your Potential, As A So-Called Middle Manager
DEPARTMENTS
Editorial.................................................................. 6
As We Go to Press.................................................. 8
Market Reports..................................................... 10
Fresh Paint............................................................ 12
New Products....................................................... 26
Industry News....................................................... 43
Suppliers Corner................................................... 45
People.................................................................. 46
Meetings............................................................... 47
Final Coat.............................................................. 50
ADVERTISING SECTIONS
Classified Ads....................................................... 48
Advertising Index.................................................. 49
Coatings World (ISSN 152-711-29) is published monthly by Rodman Media Corp., 70 Hilltop Road, Ramsey, NJ 07446 USA. Phone: (201) 825-2552; Fax (201) 825-0553.
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4 | Coatings World www.coatingsworld.com
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Email: productinfo@myriant.com
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Editors Page
Gearing Up for
A Busy 2015
kpianoforte@rodmanmedia.com
PRESIDENT
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6 Editorial 0115.indd 6
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As We Go To Press
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.
AkzoNobel....................................................................................................... 11
Axalta...................................................................................................11, 26, 50
Benjamin Moore.............................................................................................. 29
Berger Paints.................................................................................................... 22
Chemical Concepts........................................................................................... 26
Dampney Company......................................................................................... 26
H.B Fuller.......................................................................................................... 8
PPG.......................................................................................................11, 26, 29
Sherwin-Williams....................................................................................... 26, 29
Sika.................................................................................................................. 19
8 As We Go 0115.indd 8
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Market Reports
On a global scale, Southeast Asia represents the fourth largest market for synthetic
latex polymers, accounting for eight percent of the global consumption, according to the recently published Synthetic
Latex Polymers: Southeast Asia Market
Analysis and Opportunities report by
global consulting and research firm Kline
& Company. Although it is significantly
smaller than the leading global markets,
such as the U.S., Europe and China, it is still
much larger than the developing markets of
the Middle East, Brazil and India.
Within Southeast Asia, countries such
as Malaysia, Thailand and Indonesia account for 82 percent of synthetic latex
polymers consumption in the region.
Acrylonitrile-butadiene (AB nitrile) is
the leading product type, accounting for
44.6 percent of the total consumption in
the region by volume, followed by styrene acrylics.
Product split varies from one country to
another. Latex consumption in Malaysia
and Thailand is dominated by AB nitrile
due to the large importance of the glove
dipping application in these two countries.
The product mix in Indonesia is dominated by styrene acrylics. Thailand dominates
in consumption of pure acrylics, which
is the third-largest type of synthetic latex
polymers consumed in the region.
The product split in this region cannot be compared to any other region in the
world, said Nikola Matic, industry manager of Klines Chemicals and Materials
Practice. In other regions, paints and
coatings or paper applications usually
represent the largest consumers, while the
product split in Southeast Asia is strongly
affected by the importance of the glove
dipping industry in the region.
The supplier landscape is also very
specific in this region. Due to its fragmentation the market is characterized by
a high degree of rivalry among existing
suppliers. Moreover, the top ten suppliers account for over 60 percent of the
market with several production bases
1/5/15 11:30 AM
Fresh Paint
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Fresh Paint
1/5/15 11:35 AM
We create
chemistry
that makes
wood love
fast drying.
150 years
basf.us/dpsolutions
= registered trademark of BASF Group
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Fresh Paint
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www.sincol.com.cn
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Results of U.S. Architectural Coatings Industry Research Report Which Compared Business
Trends in 4Q14 vs. 4Q13
Each month, North Coast Research surveys a large sample of paint retailers throughout the U.S. to get a sense for
current business trends. Please note that of the three primary architectural coatings channels (paint stores, home
centers and retail distributors), this survey is primarily reflective of the distributor channel which tends to see volume
growth less than the industry; therefore, we view the results as a directional indicator more so than absolute industry
volumes. For inquiries regarding this report please contact Kevin Hocevar at 216-468-6924 or
kevin.hocevar@northcoastresearch.com.
Architectural Coatings Sales Volumes Up 1.6% in
4Q14 vs. 4Q13
According to industry participants, average sales volumes increased 1.6% in 4Q14 compared to 4Q13. This compares to record volume growth in our index of 2.6% in 2Q14 (which benefitted from the roll-out of Valspar brand paint at Ace Hardware) and
1.2% in 3Q14. Weather conditions improved across the country
as the paint season entered its busy season in 2Q14 and the
industry saw paint sales accelerate which tempered off slightly
in 3Q14 but actually picked-up again slightly in 4Q14 or at least
on a year-over-year basis. Paint volumes continue to progress in
a positive direction dating all the way back to the inception of
our coatings survey in early 2013. We are encouraged with the
positive underlying trends that have persisted through 4Q14 as
paint volumes continue to grow. Overall, 53% of respondents
witnessed an increase in paint volumes vs. only 18% that saw
paint volumes decline, which averaged out to 1.6% year-overyear volume growth with a net increase of 35%.
Price of Paint from Suppliers 4Q14 Paint Prices Largely
Flat as Prior Increases Have Anniversaried
50% of contacts noted that the price of paint from suppliers was
flat in 4Q14 vs. 4Q13 as our paint price index only rose 0.7%
which compares to average increases of 1.5%-2.0% in 2013 and
in-line with our paint price indexes of 0.8%, 1.0%, and 0.8% in
3Q14, 2Q14, and 1Q14, respectively. Bottom line, we believe
that price increases from when coatings manufacturers were
trying to recover rising raws have anniversaried so we believe
price increases are more tactical and less pronounced with 2H14
marking the first time the majority of contacts reported flattish
pricing. Overall, 42% of respondents witnessed an increase in
pricing vs. only 9% that saw pricing decline, which averaged out
January 2015
1/5/15 11:35 AM
we desire, such as corrosion protection, flexibility, impact resistance and chemical resistance, but also the application process
that our customers use to apply the coatings. In addition, we
also provide a variety of powder coating systems such as single
layer systems and dual layer systems to help meet our customers needs, Lopez emphasized.
The durability and stability of powder coatings can help to
maintain the structural integrity of the underlying metal that they
are designed to protect. However, when special effect metallic pigments, such as aluminum, gold, bronze or copper are used in powder coatings, the visual appeal is sometimes the customers key
property. Reddy and her team identified factors that influence the
optical properties of the metallic pigments in powder coatings.
Solid color powder coating overspray can often be recovered and returned to the coating system to help allow customers
to achieve nearly 100% use of powder coating materials. There
is a process called bonding in metallic effect coatings where the
pigments are fused to the powder particles to help allow for excellent reclamation, explained Reddy. When proper effect pigments are selected, we can have a durable coating finish with an
appealing anodized metallic visual appearance using only a single layer of powder coating. The layer is formulated to provide
good protection and an aesthetic benefit that helps to reduce
material use and coating costs for our customers, Reddy added.
Axalta powder coatings are offered to be used in many
industrial applications for aesthetics and protection purposes,
including architectural, pipeline and automotive, said Dr. Fred
Allen, Axaltas Global Technology Director of Powder Coatings.
We are committed to working closely with our customers to
understand their needs and to continue to develop products and
coating processes to help meet those needs, whether a customer
needs a coating with exceptional corrosion or impact resistance,
or a coating with visual pizzazz.
Additional Axalta powder coating experts were also scheduled to present at FABTECH 2014. Presentation titles included:
Building Blocks of a Powder Coating System, presented by Bill
Owens; Troubleshooting Your Powder Coating Operation, presented by Mike Wittenhagen; Basic Concepts of Powder Coating
(Spanish) and Advanced Concepts of Powder Coating (Spanish),
both presented by Mentor Leal; and Trends in Architectural
Powder Coatings, presented by Michael Withers.
The 45th anniversary of PPG Industries Huntsville, AL, facility was celebrated with an open house for employees and their
families to tour the operations where aircraft windshields, windows and canopies are made. For nearly half a century, PPG and
its employees have maintained leadership in the global aviation
industry as well as in the Huntsville community.
It is a much different operation today, with greater efficiency
and the ability to make larger and more complex parts, according to plant manager Tom Meyer.
The biggest change since the plant opened is the ongoing
transformation to a lean culture, which I would define as the
January 2015
Are you
puzzled by
2014 Eastman Chemical Company. Eastman, Optifilm, Texanol, and The results of
insight are trademarks of Eastman Chemical Company. COAL-COAT-007 11/14
www.coatingsworld.com
Coatings World | 17
1/5/15 11:35 AM
Fresh Paint
relevant to their studies and to the company. With Axaltas growing footprint in
Turkey, the company can offer students
projects in manufacturing, management,
sales or customer service, ensuring that
students meet their course requirements,
find the best match for their area of study
and contribute to Axaltas operations at
the same time.
The Axalta education program with
Sabanci University forms part of a growing range of global education programs
that Axalta has set up together with academic institutions around the world.
1/5/15 11:35 AM
by Charles W. Thurston
Latin America Correspondent
thurstoncw@rodmanmedia.com
ika AG, of Baar, Switzerland, has added another Latin American aquisition to its regional expansion campaign, in Aparecida
de Goinia, Gois State, Brazil.
The latest addition will improve logistics for
increasing demand in the construction markets,
mostly concrete admixtures, waterproofing
systems and grouts, the company noted. The
new plant in Aparecida de Goina, in addition
to the acquisition of Lwart Qumica earlier this
year, is a further step in our strategic expansion
in Brazil initiated in 2012. Sika now operates
seven factories in the country, said Sika CEO
Jan Jenisch, at the November announcement of
the purchase.
In April 2014, Sika bought Lwart Qumica
Ltda., based in Lenis Paulista, Sao Paulo
State, which reported annual sales of $33
million. The company specializes in waterproofing, and has two noted brands, Lwart
Impermeabilizantes, a technical waterproofing,
and Ciplak Impermeabilizantes, a retail product. At the time, Jenisch was quoted saying,
We have plans for new production lines and
factories in Brazil, Argentina, Chile, Uruguay,
Colombia and Mexico...worth $1.5 billion.
In August 2013 Sika also purchased
1/5/15 11:46 AM
One of the
benefits of the
sharp fall in oil
prices in the
second half of
2014 should be
a drop in raw
material costs.
by Sean Milmo
European Correspondent
milmocw@rodmanmedia.com
or coatings producers one of the big benefits of the sharp fall in oil prices in the
second half of last year (2014) should be
a drop in raw material costs.
Some commentators are also predicting a
rise in demand due to the effect of lower oil
prices cutting the production and distribution costs of a wide range of industrial and
consumer products.
However, neither is likely to happen on a
significant scale in the short-term in Europe.
While oil prices have been plummeting suppliers of some coating raw materials have in fact
been announcing price increases.
At the same time, rather than boosting demand, the oil price drop has had the opposite
effect in Russia, which has been one of Europe
fastest growing coatings markets. Instead the
country which relies heavily on revenues from
oil and gas exports is expected to be stuck in a
recession this year (2015).
Nonetheless if oil prices stay at the current
January 2015
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The discovery
of new natural
gas reserves
in Africa has
created demand
for liquified
natural gas (LNG)
infrasctrucuture,
which require
specialized
protection
coatings to
cushion them
against corrosion,
unfavorable
temperatures
and changing
environmental
conditions.
though considerable risks abound in this untested region, said the report by IGU. Prolific resource discoveries in Mozambique and Tanzania
have led to the proposal of seven trains totalling
35 million metric tons/annum (MTPA) though
potential exists for major expansions.
After the discovery of 100tcf of natural gas
in Mozambiques Rovuma Basin, U.S. firm
Anadarko and Italys Eni have announced progress in the construction of four LNG trains with
a capacity of 20 million metric tons per a year,
making it the largest LNG export plant after
Qatars Ras Laffan according to IGU.
Anadarko and Eni have awarded front end engineering and design contract to a consortium of
CB&I and Chiyoda Corporation for the liquefaction plant. The LNG plant will get supplies of natural gas from Anadarkos offshore Area 1 gas fields
including Prosperidade and Golfinho. Additional
natural gas will come from Enis offshore Area 4
gas fields including Mamba gas fields.
The liquefaction plant will come with infrastructure requiring special coatings to protect
them from high temperatures, corrosion, fire
and aggressive chemical compounds. Some of
the LNG plant facilities that would require
substantial coatings supplies include storage
tanks, open gas turbines at power generation,
BoG handling, open rack vaporizer, jetty MEG
(Mono Ethylene Glycol)/ water mixture regeneration and storage, slug catcher, gas pre-treatment facility, refrigerant and storage facilities,
flare tower, liquefaction and fractionation installations and condensate stabilizers.
To protect these LNG facilities would require deployment of various coating processes depending on the facility and its use. Such
processes could include cathodic protection,
thermally sprayed aluminium and watertight
insulation and cladding.
LNG tanks require exterior coatings to protect
them from the coastal environment and also internal tank coatings to protect the ships to be used in
transporting the LNG to the international market.
Concrete coatings and insulation and also concrete
refurbishment provide additional opportunities for
coating companies in the protective market.
A similar LNG plant was completed in 2012
in neighboring Angola under a contract by U.S.
January 2015
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Y
The first element
to recognize
in seeking
your desired
happiness/
satisfaction ratio
is to stop using
the success of
others as your
guideposts.
1/5/15 11:49 AM
Burgess Pigment
ISO 9001
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New Products
1/5/15 11:53 AM
As the environment changes, Reichhold remains committed to developing resins that yield maximum
performance yet clean up with soap and water. BECKOSOL AQ is a platform of low VOC alkyd latex resins
made from renewable resources. From wood stains to metal primers, BECKOSOL AQ is the natural selection.
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3/25/14 12:54 PM
New Products
quality of Sherwin-Williams
paints, enabling homeowners
to achieve the look of a professional designer.
Lowes is a recognized leader in
home improvement and a preferred project destination for homeowners and pros,
alike, said Chris Connor, chairman and
chief executive officer of The SherwinWilliams Company. Offering the HGTV
HOME by Sherwin-Williams brand at
Lowes is a perfect complement to the
high quality product assortment and
shopping environment Lowes shoppers
have come to expect.
In total, consumers will be able to
select from 1,100 shades within the full
HGTV HOME by Sherwin-Williams
color offering, including the designer-inspired collections plus other classic colors
selected by the color experts at HGTV
and Sherwin-Williams.
Sherwin-Williams is the most recognized and trusted brand in paint for
both homeowners and pros, said Mike
Jones, Lowes chief customer officer.
We are proud to bring the quality and
long-standing reputation of SherwinWilliams combined with the design
expertise of HGTV to our customers.
With the addition of HGTV HOME by
Sherwin-Williams, Lowes offers consumers the top brand they trust for their
next paint projects.
Additionally, Sherwin-Williams will
provide Lowes with two independent
brands of paint that will serve professional
painters and property managers: Painters
Masterpiece and Property Advantage.
Axalta Launches
Formaldehyde-Free
Electrical Steel Varnish
Axalta Coating Systems has launched its
new generation C6 electrical steel varnish Voltatex 1262. Part of the Voltatex
family of electrical insulation products,
Voltatex 1262 is targeted for use in special applications for large hydro and
turbo generators where no formaldehyde
degassing is desired.
The new product is designed to aid
the maintenance process of large generators. Formaldehyde degassing in enclosed generators makes it necessary to
Dampney Launches
Thurmalox 282 Stainless
Steel High Temperature
Paint
A new ready-to-use, high-heat stainless
steel paint that will not discolor, chip,
crack, or peel at temperatures up to
1200F for a wide range of industrial,
automotive, and consumer product applications is being introduced by Dampney
Company, Inc. of Everett, Massachusetts.
Dampney Thurmalox 282 Stainless
Steel Paint is a one-component silicone
coating that adheres to any cast and machined metal surfaces and will not discolor, chip, crack or peel at temperatures up
to 1200F, the company stated. Suitable
for a wide variety of uses, this high-heat
stainless steel paint comes in aerosol
spray cans and quarts and gallons for application by brush or roller.
No mixing is required and Dampney
Thurmalox 282 Stainless Steel Paint is designed for applications such as industrial
heaters, vents, conveyors, compressors,
piping, process components, turbines,
and vessels.
Automotive applications include exhaust manifolds and consumer products
include BBQ pits, smokers, and grills.
High-heat or high-temperature paints in
colors are also offered. CW
January 2015
1/5/15 11:53 AM
FEATURE
Architectural
Interior Coatings
Growth in new construction and increased existing home sales drive growth for
architectural interior coatings.
Kerry Pianoforte, Editor
Coatings World | 29
1/6/15 2:03 PM
January 2015
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out feature of this palette is its soft tints, created to add an inimitable factor of serene
sensibility. As a whole, this trend palette
serves as an introduction to a new direction in minimalistic styling that blends clean,
pared-down designs with quiet nature.
The soft blues, greens, pinks, purples
and coral hues paired against the light
neutrals yields a soothing new direction
that plays out in architecture, automobiles,
tech products and more. Some paint colors included in this palette are Lost Love
(PPG1047-2), Ancestral (PPG1047-4), Irradiant Iris (PPG1171-3), Spruce Shade
(PPG1136-5), Sahara Sun (PPG1064-6) and
Carob Chip (PPG1047-7).
Each of the four Possibility trend palettes fully embodies the unique consumer striving to express optimism for the
year ahead through home decor selections. While technology has become an
inevitable component of daily life, each of
the four themes personifies technology in
its own unique way. For example, Good
Life incorporates the styling of technology for purposes of making usage easier
and friendlier by implementing simple
shapes in optimistic colorways. Im Pulse
recognizes that just as technology allows
users to add and update in real-time,
homeowners should be able to add and
upgrade various elements of design as
they please. The realization that tech
products now fulfill a fashion need rather
than a mere functionality need encompasses the global traveling persona of the
Co-Leidescope theme. Introsense recognizes that the styling emphasis of tech
products generally takes rounded form to
indicate softness rather than intimidation.
The 2015-2016 Possibility trend palettes, along with 2,000 additional colors
in The Voice of Color program, are available in any of the PPG Pittsburgh Paints
lines, including PURE PERFORMANCE
paint a premium-quality paint brand
that has zero VOCs in the base paint and
low odor during application and drying
and MANOR HALL paint and Manor Hall
TIMELESS paint super-premium-performance paints.
January 2015
1/6/15 2:04 PM
Coatings World | 33
1/6/15 2:04 PM
FEATURE
Additives Industry
Update
Pricing stability and a unique market position have industry suppliers hopeful for the
coming year.
Catherine Diamond, Associate Editor
January 2015
1/5/15 4:28 PM
Considerations
When choosing an additive, there are a multitude of variables
to consider. According to Ruckle, there are two traps to avoid
during the process.
One trap is to start your formulating work with a formulation that already contains additives but not challenge yourself if
they are still needed in the new formula, he said. Additives are
a small part by weight but a large part of the performance, they
need to be an integral part of the evaluations.
He continued, The other trap is not considering that additives are multi-functional, if the data sheet says flow and
leveling agent that product will lower surface tension but
will likely also affect foam, wetting, slip, overcoatability and
many other properties. It is key to understand how the additive will affect all of the properties. Effective supplier tools
provide that information.
Eastmans Giaudrone pointed out that both security and ever-changing international regulations are extremely important
in this market.
Innovative and
Customized Products
Optimum Performance
Excellent Customer Service
Siltech Corporation
www.siltech.com
Coatings World | 35
1/5/15 4:28 PM
January 2015
1/5/15 4:28 PM
Tech Lit:Layout 1
4/1/13
9:38 AM
Page 1
systems. This allows for locking the additive into the network
of the coating. For example, Fluorosil ACR C7-F is a UV curable version of this technology.
Looking Forward
King Industries has recently completed the purchase of an 11acre parcel of land in Waterbury, Connecticut for production
expansion. Its groundbreaking is planned for spring of 2015.
We have designed a state of the art, inherently safe, and
highly efficient plant with operator safety and environmental
awareness being the most important elements in our design,
King said.
While Giaudrone said that joint ventures and acquisitions
are important to Eastman Chemical Companys growth strategy, the company does not yet have any planned for 2015.
We are very excited about the four acquisitions we completed in 2014 which include BPs Aviation Turbine Oils business, Knowlton Technologies, Taminco, and Commonwealth
Laminating, he said.
Specific to our coatings additives portfolio, Eastmans recent acquisition of Taminco brings complementary technology
platforms to our innovation tool kit and our dedication to the
coatings industry continues with the recent announcement to
expand the capacity of our Texanol plant in Longview, Texas,
he added. CW
www.technologylitigators.com
Coatings World | 37
1/5/15 4:28 PM
CHINACOAT2014 REVIEW
CHINACOAT2014 exceeded past shows in both attendance and exhibitor space.
Kerry Pianoforte, Editor
January 2015
1/6/15 2:06 PM
CHINACOAT2015 Shanghai
China and the Asia Pacific region are now the worlds largest
coatings producer and consumer. This region will remain the
primary stimulator for robust growth for the global coatings
market. CHINACOAT will celebrate its 20th anniversary on
November 18-20, 2015 at the Shanghai New International
Expo Centre (SNIEC). For more info on CHINACOAT, visit
www.chinacoat.net. CW
January 2015 www.coatingsworld.com
Coatings World | 39
1/6/15 2:06 PM
FEATURE
January 2015
1/6/15 2:13 PM
6/18/14
3:48 PM
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Sustaining Sustainability
The demand for environmentally responsible products isnt going
anywhere, and the pigments market, in particular, presents suppliers with several opportunities to go green. According to Tahir,
the industrys conversation regarding sustainability has most recently become a conversation about total cost of ownership.
Sustainability is a key component of TCO as well as regulatory
compliance, he said. In certain markets - such as furniture and
flooring - sustainable offerings are a differentiator. Sustainability
is a key metric for us when undertaking any new development.
Venturini said that self-regulation by paint producers and
trade organizations will play a larger role affecting everything from end-of-life directives to volatile organic compounds
(VOCs) to environmental footprints.
This drives change and creates opportunities that will favor those that manufacture to the highest global standards, he
said. We see these challenges as great opportunities for growth
at Sun Chemical. Were working closely with our customers to
provide them with solutions for that both meet their individual
needs and regulatory requirements.
As an example, Venturini added that in 2014, Sun Chemical
introduced Sunfast Elastomer Black pigments, which are made
from recycled rubber.
It is a performance material that provides formulators with
a low gloss black pigment with improved jetness for waterborne,
solventborne and powder coatings that can impart physical
toughness, chemical resistance and water resistance onto most
applications, he said.
Made from 100 percent post-consumer recycled rubber,
the newest addition to Sun Chemical Performance Pigments
diverse pigment line utilizes a fine particle size black elastomer
pigment that creates an attractive low sheen coating with excellent flow and leveling in thin, smooth finishes. Ideal for coatings
on plastic, wood, coil and powder coatings, the new offering is
well-suited for use on consumer electronics, automotive interiors, flooring, cabinets, furniture, direct to metal finishes, and
sound-proofing coatings.
For its part, Wulf said that Sincol invested in sustainable solutions years ago, which has certainly paid off.
Sincol has long held the belief that environmental compliance would be crucial and made investments to stay ahead of
new compliance regulations, having invested more than $30
million in pollution control of waste water from our manufacturing plant, he said. The new environmental regulations in
China that take effect starting in 2015 have already been met or
exceeded. We have also seen the trend for higher manufacturing
costs as a result of demand for higher labor costs. Investments
have been made to improve the efficiency in manufacturing resulting is lower labor demand.
January 2015
1/6/15 2:13 PM
that does not just, for a short while, reflect the current zeitgeist but that is part
of a long-term trend.
Experts from BASF have helped Glunz
not only to develop the colors and start
their production at the Meppen plant but
have also advised them beforehand on
the selection of colors for the extended
INNOVUS collection.
Industry News
1/6/15 2:17 PM
Industry News
Transaction
Completed Between
Wintershall and Statoil
BASF Group company Wintershall
is continuing its growth course in
Norway. By acquiring shares in the
production fields Gja (5%) and Vega
(24.5%), Wintershall is increasing its
production in Norway from about
40,000 barrels of oil equivalent (boe)
to about 60,000 boe per day. In addition, Wintershall is taking over shares
in the Aasta Hansteen development
project (24%), the Asterix discovery
(19%), the Polarled pipeline project (13.2%) and in four exploration
licences near Aasta Hansteen. The
shares in the assets encompass reserves
and resources (2P/2C) of around 170
million boe. Furthermore, Wintershall
will also assume the operatorship
of the Vega production field.[1] The
transfer of operatorship from Statoil
to Wintershall is planned for the end
of the first quarter of 2015.
Wintershall has purchased the shares
for US$1.25 billion. The transaction
is financially effective retroactively to
January 1, 2014.
A further payment of up to US$50
million will be made once Aasta Hansteen
has been developed in accordance with
the current project plan. Additionally
both companies have agreed to work together in developing the exploration potential of the Vring Basin.
With this transaction, we are taking a
major step towards achieving our goal of
establishing ourselves as one of the leading oil and gas companies in Norway,
said Rainer Seele, Chairman of the Board
of Executive Directors of Wintershall.
Last year we took over the operatorship of the Brage platform and commenced the self-operated production
of oil and gas in Norway. We have always said that this is just the beginning
for us and that we want to increasingly
position ourselves as an operator of
producing fields. I am therefore happy
that the agreement with Statoil also
envisages that Wintershall shall take
1/6/15 2:17 PM
BASF is one of the first European manufacturers to have switched its entire
portfolio of polystyrene-based insulation
products for the European market to a
new flame retardant, nine months ahead
of the deadline laid down in the EU
REACH Regulation on chemicals. Both
EPS (expandable polystyrene) products
(Styropor and Neopor) and XPS (extruded polystyrene) products (Styrodur)
will be manufactured in Europe using
a polymeric flame retardant (PolyFR),
which has a much better environmental
profile than the HBCD (hexabromocyclododecane) used in the past, the company stated.
BASF completed the switchover to the
new flame retardant in close liaison with
its customers. BASF had already switched
most of its EPS range by March of this
year and has already supplied customers
throughout Europe.
According to BASF, with PolyFR, it
is possible as before to manufacture insulation materials that meet the strict fire
regulations applicable to construction
products. It will be possible in the future
to manufacture insulation materials with
this flame retardant that meet class B1
specifications under German standards
(schwerentflammbar: difficult to ignite)
and Class E under European standards.
As it is classed as a POP (persistent organic pollutant) under the UN Environment
Program and as a svhc (substance of very
high concern) under the REACH regulation
the use of HBCD as a flame retardant in
the EU will be prohibited as of August 21,
2015 and PolyFR, which is harmless, will
be used instead. This is the outcome of several years of testing and development supported by BASF.
Although handling of the flame retardant HBCD as such is prohibited, insulation containing HBCD is harmless to
humans and the environment, both during use and during removal and energy
recovery. That is because the flame retardant is embedded in the polymer matrix.
Suppliers Corner
Coatings World | 45
1/6/15 2:33 PM
People
46 People 0115.indd 46
1/5/15 11:56 AM
Meetings
Location:Atlanta, GA
Venue:Georgia Power Customer
Resource Center
Website:www.ccaiweb.com
Location:Toledo, Ohio
Venue:Owens Community College
Contact:Jaime Wineland
Phone:800-466-9367
March 4 - 6, 2015
Spray Finishing Training
Location:Nuremberg, Germany
Venue:Exhibition Centre Nuremberg
Website:www.european-coatings-show.com
47 Meetings 0115.indd 47
April 6 - 9, 2015
Gulf Coating Show 2015
Coatings World | 47
1/5/15 11:57 AM
Classifieds
Blades
FREE
IN-PLANT TRIAL
MIXERS &
BLENDERS
New & refurbished
with genuine
OEM warranty.
1-800-243-ROSS
www.Rental-Mixers.com
www.coatingsworld.com
CLASSIFIEDS CWM0115.indd 2
January 2015
1/7/15 10:53 AM
Advertising Index
Company Name
Page
Phone
41
888-ALEX COLOR
3, 13
800-231-7868
www.basf.com
36
602-539-2683
www.blairgowrieassociates.com
25
478-552-2544
www.burgesspigment.com
Chemark Consulting
37
910-692-2492
www.chemarkconsulting.net
17
800-EASTMAN
Website
www.alexcolor.com
www.eastman.com
Cover 3
Cover 4
540-980-7233
www.hoovercolor.com
Tip on 11
781-791-5011
www.ice-x-usa.com
37
512-472-8282
www.technologylitigators.com
914-793-4058
www.micropowders.com
Myriant
5 845-697-4268
Reichhold, Inc.
27
800-431-1920
www.Reichhold.com
Cover 2
973-242-2999
www.shamrocktechnologies.com
Siltech Corporation
35
416-424-4567
www.siltechcorp.com
Sincol Corporation
15
909-931-9954
www.sincol.com.cn
Troy Corporation
973-443-4200
www.troycorp.com
31
www.uvebwest.com
Coatings World | 49
CLASSIFIEDS CWM0115.indd 3
european-coatings-show.com/shownavigator
www.myriant.com
1/7/15 1:33 PM
Final Coat
At the Specialty Equipment Market Association (SEMA) tradeshow, Axalta Coating Systems displayed a custom made 1932
Ford Sedan called Yd Open at its booth. The car took home
Fords Design of Excellence Best of Show, Mothers Shine
Award for Excellence in Detail and Shine, as well as the honor
of being one of three finalists in the SEMA Battle of the Builders.
The hot rod reminiscent of a late 50s, early 60s design was
fabricated and painted by Hot Rods by JSK. It has a traditional
look even down to the paint color Axaltas Orange Crush
ChromaPremier basecoat.
When asked what was the key to success with this threeyear project, Jeff Kinsey, owner Hot Rods by JSK responded,
I took my time and found the finest materials to use every
step of the way. It has been a privilege to partner with Axalta
at SEMA 2014.
This is not just an old Ford restoration, as every piece
has been newly fabricated from scratch. The brilliant
January 2015
1/5/15 11:57 AM
Untitled-2 1
1/5/15 10:03 AM
stunning
Inspired by Nature
We offer a variety of colors that are warm and comforting to intense and
bold. For 90 years, we have made legendary earth tone pigments in paints,
stains, concrete, stucco, plastics and a variety of other materials that you
see or use every day. The reason for our longevity is simple. We give our
customers good old-fashioned value - quality products with excellent service
and support. It worked for the first 90 years. Let us show you how we can
help with your next project.
Give us a call or send an email today. Lets get the conversation started.
Bringing natures
colors to
life
HooverWINTER
Untitled-1
1
Ad .indd 1
www.HOOVERCOLOR.com
2170 Julia Simpkins Road, PO Box 218, Hiwassee, Virginia 24347 USA
phone: (+1) 540.980.7233 fax: (+1) 540.980.8781 email: hoover@hoovercolor.com
6/12/14 9:30
6/16/14
9:46 AM