Industrial and Powder Coatings
key developments 2016

  • Revenue decreased 5 percent, with volume growth more than offset by adverse currencies and price/mix
  • We completed the acquisition of BASF’s Industrial Coatings business, which will help to strengthen our leading position in coil coatings
  • Construction began on a new €31 million site in Thailand, which will manufacture products from across our Performance Coatings businesses
  • Our Packaging Coatings business converted major customer lines to BPAni in North America to comply with newly implemented regulations in California
  • We continued to strengthen our number one position in the powder coatings market
  • We broke ground on a new plant for powder coatings near Mumbai in India and commissioned the construction of the world’s largest powder coatings plant in China
  • Aquasilk, an innovative water-based wood coating, was launched in China to help the Chinese furniture industry transition from solvent-based systems
  • The Wood Coatings business improved profitability in a relatively soft market, thanks to continuous operational efficiencies

Some of our customers

  • Arcelor Mittal
  • Armstrong
  • Ardagh
  • Ball
  • Bluescope Steel
  • Bosch
  • Crown
  • IKEA
  • Lacquer Craft Furniture
  • Masterbrand Cabinets Inc.
  • Mercedes-Benz
  • Philips
  • TATA
  • Whirlpool

Top raw materials

  • Polyester and epoxy resins
  • Glycol, ether and aromatic solvents
  • Titanium dioxide
  • Latex resins
  • Nitrocellulose
  • Methanol, urea
  • Butyl acetate, acetone and xylene solvents

Key cost drivers

  • Basic feedstock prices
  • Oil and natural gas prices
  • Propylene and VAM
  • Agrochemical feedstocks (urea)
  • Cotton