As We Go To Press
Sika acquires Valspar polymer flooring
Sika Corporation, the U.S. subsidiary of
Sika AG, has acquired the commercial
and industrial polymer flooring business of The Valspar Corporation.
Revenues for this business totaled
approximately $17 million in 2007.
Already a market leader in construction chemicals including adhesives and
sealants, concrete admixtures, repair
and strengthening products, Sika
expects that this acquisition will further
strengthen its North American position
in the polymer flooring market. The parties have agreed not to disclose the sale
price. Approximately 27 employees are
expected to join Sika as part of the
transaction.
The Valspar polymer flooring busi-
ness, with its strong portfolio of epoxy
and polyurethane technology products, is
an excellent fit for Sika’s focused growth
strategy for North America. With an
established, well-respected range of
products, people, applicators and distributors, the Valspar polymer flooring business greatly enhances and complements
Sika’s current position in this market.
The acquisition also creates for Sika a
comprehensive range of epoxy,
polyurethane and other key polymer
flooring products and technologies.
BASF CONSTRUCTION CHEMICALS
COMPLETES MAJOR EXPANSION AT
PRODUCTION FACILITY
BASF Construction Chemicals re-
CHINACOAT 2008 Date Change
Sinostar International Ltd., organizer of CHINACOAT, has changed the show
date of CHINACOAT 2008 in Guangzhou to Nov. 26-28. The show was originally planned to be staged on Nov. 18-20, 2008. This marks the second consecutive year the exhibition will conflict with the Thanksgiving holiday in the U.S.
Coatings World spoke with Raymond Ho, director of Sinostar
International, about the recent turn of events.
“This is the first time in our history that we have had to change our show
date,” Ho said. “It was not an easy decision to make, however, the management
of Sinostar Int’l recently conducted a site visit to
Guangzhou Int’l Convention and Exhibition Centre
Phase 2 shortly after its completion and after extensive
review we strongly believe that Level 2 of the new venue
is much better in its architectural layout and accessibility for both visitors and exhibitors.
“We originally scheduled the show Nov. 18-20 with the
Thanksgiving holiday in mind, but at Level 1,” Ho continued. “In order to have the strongest exhibition, we
Raymond Ho, director of made the difficult decision to stage it at Level 2. We feel
Sinostar International sorry that CHINACOAT will collide with the
Thanksgiving holiday and though it may create incon-
venience to some visitors and exhibitors, Sinostar Int’l thought the decision was
necessary in consideration of the overall show planning as well as for the interests of both exhibitors and visitors alike. China is a very booming market and
the exhibition is very active, and therefore deserves the best exhibition space
possible. In addition, our choice of venue is limited, particularly in Nov., which
is the peak season for exhibition activities in China.”
All exhibiting and visiting details remain unchanged. For further show
details and updates, log on to www.chinacoat.net.
cently completed a multi-million
dollar expansion at its Brighton,
CO, polyurethane sealants and
adhesives production facility. This
expansion took approximately one
year to complete and increases the
plant’s overall production capacity
by more than 25%, with the addition
of a complete process train and
additional storage capability.
BASF Construction Chemicals markets an extensive line of polyurethane
(PU) construction sealants, coatings
and adhesives under the Sonneborn
and Chemrex brand names in both
North and South America and around
the world.
“As the market leader in this technology, it is essential that we continue
to invest in technology, and the necessary manufacturing and packaging
equipment to keep us in a leadership
position,” said John Salvatore, CEO of
BASF Construction Chemicals North
America. “This capital investment is
very exciting and one of many that
continues to demonstrate our commitment to our customers and to the
industry. With BASF as our parent
company we have the strength, financial resources and long term vision to
continue to invest in all areas, including manufacturing, technology and
attractive market opportunities.”
BASF OPENS THIRD REFINISH
COMPETENCE CENTER IN CHINA
BASF has opened its new Shenyang
Refinish Competence Center (RCC) in
the Chinese province of LiaoNing. The
new Refinish Competence Center
with its high international standards
is a new milestone for the Chinese
automotive refinish industry. After
the Kunshan RCC, near Shanghai,
and the RCC in Beijing, Shenyang is
now the third center in China to be
offering Glasurit customer training
courses for spray painters and
bodyshop staff. CW
