Fresh Paint
BASF enters agreement with KIA Motors
BASF Coatings and Kia Motors signed a
global agreement. From left Stephen Oh
(Kia Motors), David Lee (Kia Motors),
Kenneth Marshall (BASF) and Masataka
Ishikawa (BASF).
BASF Coatings and Kia Motors have
reached an agreement to cooperate in
automotive refinish solutions at Kia
Motors after-sales network in locations
around the world. The agreement recognizes BASF Automotive Refinish as an
official automotive refinish paint supplier for Kia Motor’s after-sales network
worldwide. In addition, BASF
Automotive Refinish will provide Kia
Motors official service packages adapted
to local agreements. Particularly important among the service package is an
automotive refinish training program,
jointly developed to meet and fulfill all
the requirements of dealer network of
Kia Motors worldwide. BASF will help
train hundreds of expert body shop
workers and repair technicians in the
best way to restore a car to its pre-acci-dent condition.
CANADA TO REDUCE VOC EMISSIONS
FROM ARCHITECTURAL COATINGS
Canada’s Minister of the Environment, Jim Prentice, recently
announced new regulations to reduce
emissions of volatile organic compounds (VOCs) from the architectural coatings sector through products
such as paints, finishes, dyes and
varnishes. The regulations set maximum VOC concentration limits for
53 categories of coatings and will
apply to all products made, imported,
sold or marketed in Canada; they
also cover the use of traffic marking
coatings. The requirements, which
are similar to requirements in the
U.S., were established pursuant to
consultations with sector stakeholders. Annual VOC emission reductions
from architectural coatings are
expected to average 28%, which represents a cumulative reduction of
approximately 506,000 tons over 25
years. Combined with other VOC initiatives, these measures will help
reduce two of the main components
of smog—ground-level ozone and
particulate matter.
CARBOLINE ACQUIRES
INDIAN JOINT VENTURE
Carboline has acquired a majority
interest in its Indian joint venture,
CDC Carboline India Pvt. Ltd. Based
in Chennai, India, CDC Carboline
India manufactures corrosion protection and fireproofing products predominately for the petrochemical,
power, fabrication, and commercial
and industrial fireproofing markets.
The company has annual sales of
approximately $8 million. As a result
of this transaction, Carboline, a subsidiary of RPM and part of the performance coatings group, will own an
80% majority position in CDC
Carboline India. The company’s
founder, Daniel Chittayagam, will
retain 20% ownership and remain as
managing director.
KN&G PUBLISHES
“GLOBAL PAINT & COATINGS”
According to the consulting, Kusumgar,
Nerlfi & Growney (KNG), Elmwood
Park, NJ/USA, global coating consumption is forecast to be off sharply in 2009
owing to the effects of the financial crisis and resulting worldwide recession.
In its new report, “Global Paint &
Coatings,” KNG says consumption in
2009 is a projected 58.7 billion pounds
valued at $88.4 billion. Volume is off six
percent from the prior year and dollar
value is down eight percent. Recovery
of the global economy will give coating
consumption an average annual
increase of five percent in volume
through 2014. In 2014 coating
poundage is forecast to be up 30% over
2009 and dollar value up 26%.
However, when compared to the prere-cession year of 2008, poundage in 2014