Coatings World - August 2017

Axalta’s business in India serves customers in the transportation OEM, refinish and industrial sectors of the economy. According to the World Bank, India’s economy overall is projected to grow by 7.2 percent in the current fiscal year, up from 6. 8 percent in 2016. The auto industry has started to show strong growth with a CAGR of approximately 7 percent over the next five years. In line with original equipment sales, the local car parc is also expected to grow and lead to increased demand for Axalta’s refinish products with leading brands such as Cromax, Standox, Duxone, Lucite and Nason. Sales of Axalta’s industrial coating products such as AquaEC™ and Voltatex® are poised to take advantage of infrastructure expansion.

“As a key emerging market, India
continues to be a focal point in Axalta’s
growth plans in the Asia-Pacific region.
With our new headquarters, Axalta has
taken the next step in establishing itself
as a leading coatings supplier in India
to better meet the future requirements
of its customers,” said Sobers Sethi,
Axalta vice president and president,
Emerging Markets.

Axalta established its India business in 1996, and today operates a manufacturing plant in Vadodara within the state of Gujarat along with offices and regional training centers in Gurugram, Mumbai, Kolkata, Bengaluru and Vadodara, and supports an extensive product distribution network across the country.

Henkel to Acquire
Sonderhoff Group

Henkel signed an agreement to acquire Sonderhoff Holding GmbH based in Cologne, Germany. The company offers high-impact sealing solutions for industrial assembly.

With the acquisition of the privately
owned company, Henkel will further
enhance its sealants competence. Foam-
based sealing solutions are used in a va-
riety of industrial applications, protecting
e.g. lighting systems, filtration
solutions or appliances against
humidity and dust. Sonderhoff
is a leading manufacturer of in-
novative foamed-in-place gasketing solu-
tions for reliable sealing and has broad
expertise in developing and manufactur-
ing customized dosing equipment.
“Targeted investments in complemen-
tary leading technologies are an integral
part of our global strategy. With this ac-
quisition, we will reinforce the position
of our Adhesive Technologies business as
a global market and technology leader,”
said Henkel CEO Hans Van Bylen.

“The innovative systems from Sonderhoff with their strong technical expertise and their customized solutions and services perfectly complement our existing portfolio in an attractive market with substantial growth opportunities,” said Jan-Dirk Auris, executive vice resident Adhesive Technologies at Henkel. “Sonderhoff’s engineering capabilities and their highly precise dosing equipment

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