PPG reports record second quarter financial results; raises full-year guidance
PPG (NYSE:PPG) today reported financial results for the second quarter 2023.Second Quarter Consolidated Results $ in millions, except EPS 2Q 2023 2Q 2022 Y-O-Y change Net sales $4,872 $4,691 +4% Net income(a) $490 $443 +11% Adjusted net income(a)(b) $534 $430 +24% EPS(a) $2.06 $1.86 +11% Adjusted EPS(a)(b) $2.25 $1.81 +24% (a) From continuing operations (b) Reconciliations of reported to adjusted figures are included below President … Continue reading PPG reports record second quarter financial results; raises full-year guidance
BASF to supply neopentyl glycol to KHUA’s new powder coatings resins plant in China
BASF and Zhejiang Guanghua Technology Co.,Ltd. (KHUA) have signed a Letter of Intent (LoI) for the supply of Neopentyl Glycol (NPG) from BASF’s Zhanjiang Verbund site to KHUA. This agreement marks a significant milestone in the long-term partnership between both parties.KHUA, a reputed manufacturer of saturated polyester resins for the powder coatings industry in China, is planning to build a 100 kilotons per annum (KT/a) … Continue reading BASF to supply neopentyl glycol to KHUA’s new powder coatings resins plant in China
BASF Group achieves Q2 2023 EBIT before special items in line with analyst consensus and adjusts outlook for 2023
Q2 2023: Outlook 2023: BASF has released preliminary figures for the second quarter of 2023. Sales declined by an expected 25% in the second quarter of 2023 to €17,305 million (Q2 2022: €22,974 million). This was mainly driven by considerably lower prices and volumes; negative currency effects also contributed to the sales decline. Sales were thus lower than average analyst estimates for the second quarter of 2023 (Vara: €19,355 million).EBIT … Continue reading BASF Group achieves Q2 2023 EBIT before special items in line with analyst consensus and adjusts outlook for 2023
Eastman to introduce Advantis™ adhesion promoters to mitigate materials of concern
Eastman is introducing the next generation of adhesion promoters to keep paint and coatings users compliant with regulatory changes. Advantis™ adhesion promoters limit or remove materials of concern, allowing formulators and end users to deliver dependable results while improving product sustainability and meeting regulatory requirements.Given the regulatory changes coming to the European Union (EU) later this year, this proves especially important and has been confirmed … Continue reading Eastman to introduce Advantis™ adhesion promoters to mitigate materials of concern
BRB offers solvent-free defoamer based on polyether siloxane for waterborne formulations
BRB International BV has launched a solvent-free defoamer, Polyether Siloxane , for waterborne formulations. BRB Siloen DA 291 is a solvent-free highly effective defoamer and deaerator compound based on polyether siloxane technology and hydrophobic solids. BRB Siloen DA 291 is particularly suitable against micro-foams in waterborne formulation, partially in radiation curable formulation. It is also suitable for wood coating, industrial coating, printing inks as well … Continue reading BRB offers solvent-free defoamer based on polyether siloxane for waterborne formulations
DIC Corporation announced the release of environment-friendly waterborne polyurethane resins
DIC Corporation announced the release of the HYDRAN™ GP series of environment-friendly waterborne polyurethane resins. These new resins have a higher solid content than conventional water-based polyurethane resins and contain no amines, helping customers to shorten process times and lessen odors, as well as to reduce greenhouse gas emissions and volatile organic compounds (VOCs). These resins deliver an outstanding performance that is comparable to that of solvent-based … Continue reading DIC Corporation announced the release of environment-friendly waterborne polyurethane resins
Clariant launches a set of wetting and dispersing agents
Clariant, a sustainability-focused specialty chemical company, today launches a set of wetting and dispersing agents that enable coatings’ manufacturers to extend the open time of their acrylic lacquers and polyurethane (PU) lacquers, and lengthen current post-application correction windows for these water-based systems. “The switch from solvent to water-based paint systems has made the control of the drying and film-forming process a key property for all … Continue reading Clariant launches a set of wetting and dispersing agents
Celanese Launches Micromax™ LF Series Conductive Inks and GreenTape™ LF95C for Telecom Applications
Celanese will debut its Micromax™ LF Series Conductive Inks and GreenTape™ LF95C Low-Temperature Co-fired Ceramic (LTCC) materials system at IMS 2023, June 11-16, in San Diego, California. The LF95C is a lead-free version of the well-known GreenTape™ 951 system. It is essential to performance for high-frequency, high-reliability applications and 5G communications and offers circuit designers and manufacturers an innovative solution for tapes and compatible conductors. … Continue reading Celanese Launches Micromax™ LF Series Conductive Inks and GreenTape™ LF95C for Telecom Applications
WACKER to Expand Semiconductor-Grade Polysilicon Production Capacity in Burghausen
As well as expanding capacity, the project includes substantial capital expenditures for research and innovation. The aim here is to further increase the purity of polysilicon by means of new, highly automated processes, thus enabling semiconductors to meet even smaller design rules and making chips even more powerful. WACKER applied for funding for this part of the overall project under the EU’s Important Projects of … Continue reading WACKER to Expand Semiconductor-Grade Polysilicon Production Capacity in Burghausen
PPG, Satys announce aerospace e-coat system partnership in France
PPG announced that it has partnered with Satys, a French industrial group active in aircraft sealing, painting and surface treatment, to provide electrocoating (e-coat) of original equipment manufacture (OEM) aircraft parts. Under the agreement, Satys will install a PPG AEROCRON™ e-coat primer system at its facility in Dugny, France. “PPG is proud to partner with Satys to provide our innovative e-coat technology in close proximity … Continue reading PPG, Satys announce aerospace e-coat system partnership in France
AkzoNobel launches powder coatings industry’s first openly available online energy savings calculator
An openly accessible online energy savings calculator for all users of powder coatings has been launched by AkzoNobel. For the first time, all powder coatings customers can instantly calculate the energy and carbon reduction they could achieve with the company’s Interpon products and related services. It’s the latest example of how the company is continuing to work towards its ambition of reducing carbon emissions across … Continue reading AkzoNobel launches powder coatings industry’s first openly available online energy savings calculator
BASF Española inaugurates its new Technology Center in Marchamalo
This morning of June 14, 2023, the opening ceremony signified the official opening of the Technology Competence Center at the facilities of BASF Española in Marchamalo (Guadalajara). The official opening ceremony was attended by the regional minister of Sustainable Development of Castilla – La Mancha, José Luis Escudero, as well as the mayor president of the city of Marchamalo, Rafael Esteban Santamaría, among other institutional … Continue reading BASF Española inaugurates its new Technology Center in Marchamalo
PPG to announce the launch of PPG ENVIRO-PRIME® EPIC 200R coatings, a suite of electrocoat (e-coat)
PPG announced the launch of PPG ENVIRO-PRIME® EPIC 200R coatings, a suite of electrocoat (e-coat) products that cure at lower temperatures than competing technologies. The products provide sustainability benefits for customers, including lower energy use and reduced CO2 emissions at manufacturing facilities. PPG ENVIRO-PRIME® EPIC 200R electrocoat products cure at lower temperatures than competing technologies, providing sustainability benefits for customers including lower energy use and reduced … Continue reading PPG to announce the launch of PPG ENVIRO-PRIME® EPIC 200R coatings, a suite of electrocoat (e-coat)
Evonik expands its TEGO® Rad range of tailored silicone acrylates with new TEGO® Rad 2550 slip and defoamer additive
Evonik’s Coating Additives business line is expanding its TEGO® Rad range of tailored silicone acrylates with a new radically crosslinkable defoaming slip additive. Essen, Germany. Evonik’s Coating Additives business line is expanding its TEGO® Rad range of tailored silicone acrylates with a new radically crosslinkable defoaming slip additive. The new TEGO® Rad 2550 is a clear, low viscosity liquid that effectively reduces static and dynamic surface … Continue reading Evonik expands its TEGO® Rad range of tailored silicone acrylates with new TEGO® Rad 2550 slip and defoamer additive
Omya extends Lightweight Fillers portfolio with the acquisition of Bublon®
the acquisition of Bublon Omya, a global producer of industrial minerals, acquires Bublon GmbH, a technology producer of lightweight fillers/microspheres using closed cell expanded perlite. The acquisition extends Omya’s processing capability for lightweight fillers, adds patented, energy-efficient production processes, and a unique team of experienced technical experts. Bublon technology is based on the controlled thermal expansion of raw perlite using proprietary state of the art electrical furnaces. … Continue reading Omya extends Lightweight Fillers portfolio with the acquisition of Bublon®
Elementis expands the RHEOLATE® Powder NiSAT range, 100% solid urethane rheology modifiers, with RHEOLATE® PHX 7025
Elementis, a leading specialty chemical supplier of rheology modifiers for paint, coating & industrial aqueous applications, expands its product portfolio of 100% solid urethane rheology with the new RHEOLATE® PHX 7025. The expansion of the patented RHEOLATE® Powder NiSAT range exemplifies Elementis’s commitment to use rheology science to develop sustainable solutions that outperform conventional market alternatives. Using the expertise and knowledge on rheology, Elementis changed … Continue reading Elementis expands the RHEOLATE® Powder NiSAT range, 100% solid urethane rheology modifiers, with RHEOLATE® PHX 7025
Partially bio-based resin enables recyclable food packaging
The world of packaging is changing quickly. Legislators, food brands, and society at large are all demanding packaging that is less wasteful. At the same time, consumers don’t want to compromise on food safety and convenience. The latest innovation from Covestro provides a solution to meet these growing needs: a partially bio-based barrier coating resin, Decovery® CQ 6010, which helps ‘close the loop’ for recyclable paper … Continue reading Partially bio-based resin enables recyclable food packaging
Arkema acquires Polytec PT, specialized in adhesives for batteries and electronics
Polytec PT, a company based in Germany, develops thermal interface materials for batteries and engineering adhesives for the electronics market. It delivers around €15 million sales with one main production site in Karlsbad, Germany. Polytec PT has developed a strong expertise in thermal interface materials which are key to enabling fast charging of the battery and efficient dissipation of the heat. Polytec PT has already … Continue reading Arkema acquires Polytec PT, specialized in adhesives for batteries and electronics
PPG highlights coatings for battery electric vehicles at The Battery Show in Germany
PPG (NYSE: PPG) today announced that it will showcase its growing portfolio of paints and coatings for battery electric vehicles (EV) at The Battery Show, which takes place at the Messe Stuttgart exhibition center in Stuttgart, Germany, May 23-25. PPG’s exhibit (booth #8-D45) will include battery fire protection and thermal management solutions, as well as dielectric coating systems that improve performance, durability and safety, along … Continue reading PPG highlights coatings for battery electric vehicles at The Battery Show in Germany
Covestro inaugurates new production line and launches new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector
German materials manufacturer Covestro inaugurated a new production line for high-performance Thermoplastic Polyurethanes (TPUs) that will be used for the production of paint protection films (PPF). The new line is located at the company’s existing site in Changhua, Taiwan. The investment and the expansion of its production capacities for high-performance Thermoplastic Polyurethanes at the site had been announced in 2022. At the inauguration of the … Continue reading Covestro inaugurates new production line and launches new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector
Reduce the amount of TiO2 by up to 50% with EverWhite® Pigment from U.S. Silica
U.S. Silica Holdings, Inc. today announced the launch of EverWhite® Pigment, a newly engineered high-white pigment for coatings, building products, and other applications. This highly specialized product can be used to partially replace or compliment other inorganic white pigments like titanium dioxide (TiO2) and aluminum trihydrate (ATH). EverWhite® Pigment’s advantages include its hardness and durability, which mirror the functionality of high performing pigments like TiO2, its premium … Continue reading Reduce the amount of TiO2 by up to 50% with EverWhite® Pigment from U.S. Silica
BASF’s Coatings division appoints heads for global business units
Effective August 1, 2023, the Coatings division of BASF will implement global units for its Automotive OEM Coatings Solutions and Automotive Refinish Coatings Solutions businesses. With the new organizational setup, BASF better serves its global customers who increasingly ask for global support and services. Patrick Zheng Yu Zhao will take charge of the new Global Automotive OEM Coatings Solutions business unit, based in Hong Kong. … Continue reading BASF’s Coatings division appoints heads for global business units
AkzoNobel’s first quarter volumes above expectation with robust pricing; Europe resilient and China rebounding
Highlights Q1 2023 (compared with Q1 2022) AkzoNobel CEO, Greg Poux-Guillaume, commented: “In the first quarter of 2023, our key markets proved to be resilient despite unfavorable macroeconomic conditions. We delivered higher volumes than expected with healthy pricing dynamics, leading to further margin expansion. “We were able to achieve a strong sequential improvement in profitability based on solid margin management, better than anticipated volumes in … Continue reading AkzoNobel’s first quarter volumes above expectation with robust pricing; Europe resilient and China rebounding
Evonik expands global alkoxides business with new Singapore plant
Evonik has begun construction of a new production plant for alkoxides in Southeast Asia. Evonik has begun construction of a new production plant for alkoxides in Southeast Asia. The mid double-digit million-euro investment will enhance supply security for customers in the region and further strengthen the company’s global alkoxides business. The company is expanding its production capabilities in response to growing demand for alkoxide catalysts, … Continue reading Evonik expands global alkoxides business with new Singapore plant
Sun Chemical Launches Lumina® HD Fine Fraction Effect Pigments for the Coatings Market
Sun Chemical, a wholly owned subsidiary of DIC Corporation, has launched Lumina® HD, a new family of high-definition effect pigments based on fine fraction synthetic mica that was developed to expand the color space for automotive stylings and other coatings applications, including aerospace, general industrial and powder coatings. “We’re excited to introduce a new dimension of chroma for fine fraction effect pigments with Lumina HD,” said … Continue reading Sun Chemical Launches Lumina® HD Fine Fraction Effect Pigments for the Coatings Market
Gerdau Graphene Launches Two Performance-Enhancing Graphene Additives for Water-Based Paints and Coatings
NanoDUR and NanoLAV Deliver Outstanding Coverage, Durability, and Washability Without Affecting pH — and Reduce Overall Environmental Impact of Paint and Coating Manufacturing Gerdau Graphene, the nanotechnology company pioneering advanced graphene-enhanced materials for industrial applications, has announced the commercial availability of two new cutting-edge additives specifically formulated for the paint and coatings industry: NanoDUR and NanoLAV. The new additives, produced with the company’s proprietary G2D technology, utilize graphene … Continue reading Gerdau Graphene Launches Two Performance-Enhancing Graphene Additives for Water-Based Paints and Coatings
New product Sanitized® BDC with dual function as in-can preservative and for product sanitation for the paint industry
Sanitized® BDC offers a welcome alternative to zinc pyrithione or a pure CMIT/MIT based product for markets with tight biocide regulations. The product boasts a unique combination of three active ingredients, DBNPA (2.2-Dibrom-2-cyanacetamide), Bronopol (2-Bromo-2-nitro-1.3-propanediol), and CMIT/MIT (Chlormethylisothiazolinone/Methylisothiazolinone), which have different modes of action and thereby result in optimal efficacy. Sanitized® BDC is therefore effective at low concentrations and can reduce manufacturing run times, simplify processes, and increase … Continue reading New product Sanitized® BDC with dual function as in-can preservative and for product sanitation for the paint industry
Trinseo, RWDC Industries partner to develop PHA-based barrier coatings
Trinseo (NYSE: TSE) and RWDC Industries LLC announced today a partnership to further the development of sustainably advantaged paper and board packaging solutions by bringing polyhydroxyalkanoates (PHA) dispersion technology to target markets. This exclusive agreement builds on the partners’ ongoing efforts to optimize PHA dispersions for paper and paperboard barrier coating applications. Rising regulatory and consumer pressure is driving demand for sustainable replacements for non-recyclable packaging materials and … Continue reading Trinseo, RWDC Industries partner to develop PHA-based barrier coatings
Chemours Launches Ti-Pure™ TS-6700 to Help Coatings Producers Comply with Evolving Regulations
Innovative new TMP- and TME-Free TiO2 grade is part of the Ti-Pure™ Sustainability (TS) series and is produced with 100% renewable electricity The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today introduces Ti-Pure™ TS-6700, a high-performance, TMP- and TME-free TiO2 grade designed for waterborne architectural coatings applications. Designed to meet the … Continue reading Chemours Launches Ti-Pure™ TS-6700 to Help Coatings Producers Comply with Evolving Regulations
Evonik Q1 Profit Drops
Essen, Germany. Despite a difficult first quarter, Evonik confirms its earnings forecast for 2023. “The start to the year was even more challenging than we feared,” says Christian Kullmann, Chairman of the Executive Board. “However, we saw signs of a business recovery during the course of the first quarter. Both February and March were better than the preceding month in terms of operating profit.” The first … Continue reading Evonik Q1 Profit Drops
Paints and Coatings Expert 