PPG Enters
Into Exclusive
Negotiations to
Acquire Revocoat
PPG Industries has announced that it has
entered into exclusive negotiations with
the Axson Group to acquire Revocoat,
a global supplier of sealants, adhesives
and damper products for the automotive
industry. PPG expects the transaction to
close in the first quarter 2015, following
the French works council consultation
process, regulatory approvals and other
customary closing conditions. Financial
terms were not disclosed.
Revocoat, headquartered in France, is
part of the Axson Group, a world leader
in high-performance operational polymer
formulation. Revocoat employs more
than 500 people and operates seven manufacturing facilities and one research and
development center.
“Acquiring Revocoat will enable PPG
to continue to strengthen its specialty
materials offerings to global automotive
customers,” said Cynthia Niekamp, PPG
senior vice president, automotive coat-
ings. “The business represents a true adja-
cency with our core automotive original
equipment manufacturer (OEM) coatings
business, strengthening PPG’s existing of-
fering of sealant and adhesive products
for this industry.”
“Combining the expertise of the
Revocoat team with PPG’s footprint will
enable us to serve our customers around
the world with an enhanced product
portfolio,” said Jean-Marie Greindl, pres-
ident, PPG Europe, and vice president of
PPG’s automotive OEM coatings business
in Europe, the Middle East and Africa.
“During the last six years, the
management team and employees of
Revocoat have driven the business to become a strong global competitor in the
automotive OEM adhesives and sealants
market,” said Charles Churet, Axson
president. “PPG’s automotive OEM
coatings business is the best possible
vehicle to bring Revocoat to the next
level of performance, providing customers with a broader and stronger product
offering and Revocoat employees with
more opportunities for growth and personal development.”
Nippon Paint Launches
Society Care Programs
to Boost CSR Program in
China
Nippon Paint China boosted its Corporate
Social Responsibility (CSR) program
in 2014, with the launch of its “Society
Care” programs in nine big cities around
China. These charitable programs drew
the participation of over 1,000 voluntary
staff members from seven different business sectors of Nippon Paint China, who
embodied the company’s spirit in their
selfless work.
As one of Asia’s leading paint
manufacturers, Nippon Paint China
began their steps towards developing a social public welfare program
back in 2009, when they initiated the
“Color, Way of Love” program, which
renovates and improves the learning
environment of schools in rural desolated areas in China. They have also
developed several social interest activities, which included establishing
a special fund together with China
Youth Development Foundation and
Shanghai United Foundation, for
“Color, Way of Love;” donating the
establishment of Nippon Paint China
Happy Art Class; launching training
programs for school teachers and providing teaching opportunities for college students.
Nippon Paint China’s constant commitment to social interests has gained
positive feedback from the public. Over
200 teachers and volunteers have participated in their social interests program
and the company has received up to 350
million hits on their online community
platform. Most importantly, over 60,000
students from rural areas have received
benefits from the company’s help and
support programs.
As one of the five CSR programs
of Nippon Paint China, the company’s
“Society Care” program provides help
for the vulnerable groups of society,
which include lonely elders, and dis-
abled and poor students. The company
has so far launched 15 activities under
the “Society Care” program in nine cit-
ies, which help repair schools, renovate
residences for elders, offering care to the
Amyotrophic Lateral Sclerosis (ALS) pa-
tients, and building houses for the poor
villagers in Sichuan Province. They have
achieved this with the support of China
Youth Development Foundation, China
Foundation for Poverty Alleviation,
Shanghai United Foundation, Habitat
for Humanity China and China Next
Generation Education Foundation.
Social interest activities are also a major focus of Nippon Paint China’s CSR
program, with the company organizing activities like the “Shanghai United
Walkathon”- a long distance walking
activity for collecting funds for children,
and spending the Mid-Autumn Festival
with children suffering from autism.
These activities have not only helped
the vulnerable groups, but also given the
volunteers touching memories and the
chance for growth.
Liu Wei, the general manager of
Nippon Paint China’s LangFang office,
has participated in visiting visual-im-paired children in a local nursery center
for disabled children in Beijing, emphasizing the importance of everyone taking part.
Compared with last year, the “Society
Care” has seen a considerable growth in
the increasing numbers of cities and people that are involved. Ariel Wu, CSR, PR
and brand communications director of
Nippon Paint China, once interpreted the
company’s social interest activities in the
following way: “One act of kindness is
not difficult, what is difficult is to keep on
doing it and spreading it. Having everyone from Nippon Paint China carry out
the social interest activities, to contribute
whatever they can and learn from each
other, to bring colorful lives and dreams
to vulnerable groups, for them to become
a person of responsibility and kindness is
never too hard,” said Wu.
Henkel Opens Asia’s first
Loctite Impregnation
Service Center in China
Henkel opened its first Asia-Pacific
Loctite Impregnation Service Center
in Suzhou, China. With this new service center, Henkel brings its leading
and innovative impregnation technology from Europe into Asian and other
