Fresh Paint
The switch to Envirobase High
Performance is part of Penske Racing’s
on-going initiative to “green” business
practices. Penske Racing’s teams compete in the Indy Racing League’s
IndyCar Series, Grand-Am Rolex Sports
Car Series and NASCAR Nationwide
and Cup Series.
ASIAN ADHESIVES & SEALANTS
According to the consulting firm Kusumgar, Nerlfi & Growney, formulated
adhesive and sealant consumption in
Asia was 7. 5 billion pounds in 2008
and worth $8.5 billion. Growth in the
region was strong in the first half of
the year, but fell off in the fourth
quarter. December was a challenging
month, with most countries experiencing volume declines from the prior
year. Regional growth for 2009 is projected at 2-3% with China and India
leading the way. Long term growth
through 2013 is forecast to average
6%/yr. All of the countries in the
region have announced stimulus programs. Interest rates have also been
lowered to spur the economies. China
and India have weathered the downturn the best. Japan, South Korea
and Taiwan have experienced sharp
downturns.
Formulated adhesive consumption in
Asia was 6. 6 billion pounds in 2008 valued at just over $7 billion. Sealant consumption was 870 MM lb worth $1.44
billion. Adhesives and sealants are
each forecast to advance 6%/yr through
2013. Pressure sensitive adhesives are
the largest end use representing about
one-third of the adhesive and sealant
volume in 2008 and just over one-fifth
of the value. Construction adhesives
and sealants are second with 13% of
the pounds and 17% of the dollars.
Construction and automotive adhesives and sealants, along with electronic adhesives, are the end uses that have
been most hurt by the global economic
slowdown. Packaging, disposables and
consumer are end uses that have held-up better.
The above information is contained in
Kusumgar, Nerlfi & Growney’s just completed study, Asian Adhesives & Sealants,
2008-2013. For more information contact
the company by calling 973-439-0030 or
by e-mail at nerlfikng@cs.com.
IFDA WASHINGTON CHAPTER
HONORS BENJAMIN MOORE
Benjamin Moore Paints was honored by
the International Furnishings and
Design Association (IFDA) Washington
Chapter, receiving the organization’s
2008 Capital Award. Presented at the
IFDA’s Night of Stars Member
Recognition Dinner, held on January
29, the award honors individuals or
groups who have significantly contributed to the awareness and public
acceptance of the home furnishings
industry.
OAKLAND UNIVERSITY LAUNCHES
NEW NANOTECH INSTITUTE
The new NanoTech Research & Development Institute on the campus of
Oakland University in Rochester, MI,
has been launched and is expected to
become a state, national and world
leader in nanotechnology research. Dr.
T.C. Yih, a nationally recognized leader
in nanotechnology research will lead
the NanoTech Institute as founding
director. Dr. Yih who is also vice provost
for research and a professor of engineering at Oakland University, is also
coeditor-in-chief of the journal
Nano-medicine: Nanotechnology, Biology and
Medicine, and co-editor of Micro and
Nano Manipulations for Biomedical
Applications.
“One of the ultimate goals of nanotechnology is to create functional
materials, devices and systems through
the control of matters at nanoscale,
which-is at the atomic and molecular
levels,” said Dr. Yih. “The emerging
fields of nanotechnology are leading to
unprecedented understanding and control over the fundamental building
blocks of all physical objects.”
AKZONOBEL, CHEMPOINT.COM
JOIN FORCES IN NORTH AMERICA
AkzoNobel has chosen e-distributor
ChemPoint.com as their North
American supplier of its Interpon powder coatings products and services.
These encompass stocking colors for
PPG NAMED NATM ASSOCIATE MEMBER OF THE YEAR
The National Association of Trailer Manufacturers (NATM)
has honored PPG with its 2008 Associate Member of the
Year Award. PPG was presented with the award at the 2009
NATM National Convention. The NATM Associate Member
of the Year Award is presented to an associate member that
has shown outstanding support of NATM. Selection is based
on activities including membership recruitment, support of
the convention, sponsorships and other activities that promote NATM and the trailer manufacturing industry.
