AkzoNobel has completed phase one of the €2.5 million expansion of its performance coatings plant
in Cikarang, Indonesia.
The investment will increase capacity at the facility by 40 percent and
will help the company meet growing
domestic demand – driven by the petrochemical and power sectors – for its
International brand marine and protective coatings products.
Speaking at the recent inauguration
ceremony, Mauricio Bannwart, managing director of AkzoNobel’s Protective
Coatings business, said: “This investment
is a testament to our commitment to
Indonesia, which continues to improve its
position as an emerging market.
“We have installed state-of-the-art,
automated equipment at Cikarang, which
will significantly improve product quality,
safety and sustainability standards.”
Commenting on the expansion,
Oscar Wezenbeek, managing director
of AkzoNobel’s Marine Coatings busi-
ness, said: “We are excited about the
fast-growing domestic market opportu-
nity in Indonesia. The country has great
maritime potential, with a 54,720 kilo-
meter coastline, inclusive government
policy and an opportunity to build a ro-
bust shipbuilding industry.”
RPM Acquires Full Interest
in Chinese Joint Venture
RPM International Inc. has announced
that its Carboline Company subsidiary acquired the remaining 51 percent
interest in its Chinese joint venture,
Carboline Dalian Paint Production Co.,
Ltd. (Carboline Dalian), bringing its total
ownership to 100 percent. Terms of the
transaction, which is expected to be accretive to earnings within one year, were
not disclosed.
Carboline acquired its initial 49 per-
centinterest in the company in 2009.
UniChemical Company, originally a
Carboline licensee, has been Carboline’s
long-standing partner in the joint venture.
Carboline Dalian, with sales of approximately $11 million, manufactures
corrosion control coatings and linings for
oil and gas, power and petrochemical related projects. Headquartered in Dalian,
China, the company also has operations
in Shanghai, Tianjin, Guangzhou and
Hong Kong.
“China presents vast growth opportunities, but is also a very dynamic
market. Because of these conditions, we
chose to enter China in 2009 with a local joint venture partner,” stated Frank
C. Sullivan, RPM chairman and chief
executive officer. “Now, with full ownership of the business, we can accelerate the
growth of Carboline in the region and enable it to serve as a platform for our other
subsidiaries to increase their penetration
throughout the Chinese marketplace.”
Valspar Donates
$400,000 to Twin Cities
Habitat for Humanity to
Support Neighborhood
Revitalization
Valspar is providing $400,000 in cash
and product donations to support Twin
Cities Habitat for Humanity in 2016.
With this donation, Valspar has reached
the 100,000 donated gallons milestone
to help low-income families, seniors and
veterans in the Twin Cities area.
“Valspar is a valued partner that
has activated its partnership with Twin
Cities Habitat on every level possible,”
said Susan Haigh, Twin Cities Habitat
for Humanity CEO. “On behalf of so
many families who have benefited from
Valspar’s sustained generosity, we say
thank you.”
Sherwin-Williams Coatings
Wins Royal Seal of Approval
Sherwin-Williams has earned the Queen’s
Award for Enterprise: Innovation 2016
for its breakthrough coating Dura-Plate
301W, which offers the ability to extend
coating seasons, enhance efficiencies,
and reduce overall project costs. The
Queen’s Awards are made annually by
HM The Queen and are only given for
the highest levels of excellence demon-
strated in each category.
According to the company, Dura-Plate 301W from Sherwin-Williams
Protective & Marine Coatings Europe,
Middle East and Africa (EMEA) has
unique surface, humidity, and temper-ature-tolerant properties designed to
protect assets in the harshest of environments. Its low-temperature application
capabilities provide a longer coating calendar for maintenance and construction
activities in a variety of markets.
AkzoNobel Makes First
Award of Carbon Credits
to Greek Ship Owner Neda
Maritime
Leading Greek operator Neda Maritime
Agency Co. Ltd. has become the first
ship owner to receive carbon credits
through a landmark scheme developed
by AkzoNobel.
A total of 13,735 carbon credits, worth
around $60,000, have been presented to
Neda Maritime via the award-winning
program. Launched in 2014, it rewards
ship owners for converting to sustainable
hull coatings that improve operational efficiencies and reduce emissions.
The carbon credits were accrued by
the tanker vessel Argenta, which was converted from a biocidal antifouling to a premium, biocide-free advanced hull coating
from AkzoNobel’s Intersleek range – part
of the company’s International brand.
“We are extremely proud to be the
world’s first ship owner to receive carbon credits from AkzoNobel’s initiative,”
said Costas Mitropoulos, technical director at Neda Maritime. “As the shipping
industry faces more pressure to improve
its sustainability, we will also continue
our commitment to further increase
our environmental performance. We see
AkzoNobel Expands Indonesian
Coatings Plant to Meet Growing Demand
