Coatings World - June 2008

operating in China from its owners CEIEC, CEIEC-OTC and a number of private investors.

CEIEC-Feelings has been operating since 2002 as the importer of Tikkurila’s decorative paints in China. Net sales for 2007 are estimated at approximately €2 million.

The acquisition aims at consolidating a basis for a development of Kemira’s market position in the rapidly growing decorative paint market in China.

On Jan. 18, 2008, Tikkurila held a press conference in Shanghai where the president of Tikkurila industrial coatings, Ilpo Jousimaa, said that the Tikkurila industrial coatings would march into the Chinese market this year to produce metal coatings, wood coatings, floor coatings, anti-cor-rosion coatings, machinery and protective coatings, architectural coatings and coatings for steel structures.

While Tikkurila’s decorative paints have been in the Chinese market since 2002, this marks its entrance in the industrial coatings sector.

Morwear Paint expanded its presence in China as well. As part of a major advertising and promotional campaign, all Home Depot stores (formerly Homeway) in China are featuring Morwear PURE Fresh Air Odorless Formula paint.

CHINA

Morwear PURE was formulated to be 100% environmentally friendly and is ideal for the home, hotels and for commercial uses where no odors or VOC emissions are desired. The introduction marks the first imported tintable paint in China since 1995, according to the company.

Lord Corporation, manufacturer of MetalJacket coatings, added a new MetalJacket custom coater in China. The coater, Wuxi Zhongjie Vibration Isolators Co., Ltd., will help Lord Corporation’s customers meet the growing demand for Lord MetalJacket coatings for both automotive and industrial applications. The Zhongjie application line installed a traditional hoist transfer process and applies the Lord MetalJacket 1100-2110 system.

On the marine coatings front, Jotun Cosco Marine Coatings (JCMC) has signed a paint contract for 80 vessels to be built at Dayang Shipyard. This is not only the first NB contract Jotun China secured in 2008, but also the biggest contract ever in the history of Jotun. The total contract value is approximately $50 million, and includes a total volume of 10 million liters of paint to be supplied for 75 x 58,000 DWT bulk carriers and 5 x 16,500 cubic meter LPG. CW

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