Coatings World - October 2016

Sika’s biggest factories in South East Asia and has been built on a 25,000 square meter plot. It has production capacity for 100,000 tonnes of mortars and 65,000 tons of concrete admixtures per year. A spacious warehouse for the storage of raw materials and finished goods and an office building complement the state-of-the-art manufacturing facility. Sika’s presence in Thailand dates back to 1988.

The key investment focus of Thailand’s government is on upgrading and developing the country’s infrastructure. Nearly CHF 100 billion have been allocated to the ongoing 2014-2021 infrastructure development plan. The plan includes the overhauling of the country’s aging rail system, Bangkok’s light rail network and ports. Some of the funding has been earmarked for high-speed rail lines to connect Thailand, China and other neighboring countries.

H.B. Fuller Company Agrees to Acquire
Cyberbond

H.B. Fuller Company has signed an agreement to purchase Cyberbond, L.L.C., a global provider of industrial adhesives for the electronics, medical, audio equipment, automotive and structural markets.

“With this acquisition, we will strengthen our position in
high-margin, high-growth engineering adhesives markets,”
said Jim Owens, president and CEO, H.B. Fuller. “Cyberbond
will expand our technology portfolio and add well-established
sales channels in North America and Europe. In addition, we
will leverage the expertise and customer relationships of our
team in China to grow the Cyberbond business in that impor-
tant geography.”
Founded in 1997, Cyberbond is headquartered in Batavia,
Illinois, with European operations based in Wunstorf, Germany.
The company generated revenue of approximately $15 million
in fiscal 2015 and will be included in H.B. Fuller’s Engineering
Adhesives operating segment.

PPG to Acquire Global Coatings Services
Provider MetoKote

PPG has reached a definitive agreement to acquire MetoKote Corporation and its affiliates. MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. The transaction is expected to close in the third quarter 2016, subject to customary closing conditions. Financial terms were not disclosed.

MetoKote is headquartered in Lima, Ohio, and has more than 1,500 employees. MetoKote applies coatings to customers’ manufactured parts and assembled products. It operates on-site coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout the U.S., Canada, Mexico, the United Kingdom, Germany, Hungary and the Czech Republic. Customers ship parts to MetoKote service centers, where they are treated to enhance paint adhesion and painted with electrocoat, powder or liquid coatings technologies. Coated parts are then shipped to the customer’s next stage of assembly. MetoKote coats an

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