Nordson Corporation (NASDAQ:NDSN)
Yearly Sales Target At $492.95
The EPS projection of
Nordson Corporation (NASDAQ:NDSN) for quarter ended 2016-10-31 is $1.16. A
week before, the EPS forecast was $1.16 against target of $1.16, a month
earlier. This estimate stood at $1.16 60 days earlier versus forecast of
$1.16 90 days earlier, confirming a deviation of 0%<more>
Nordson appoints Director of
Engineering and Operations
Nordson Corporation has
named Dr. Thomas Ebeling to be director of engineering and operations for
extrusion and coating dies.
Dr. Ebeling will be in charge of the engineering and production teams for
EDI extrusion and polymer coating dies and Premier fluid coating dies.
'Tom brings seventeen years of leadership experience in the plastics
industry and a deep understanding of polymer technology based on his
corporate career and extensive academic background,' said Ken Forden,
general manager for extrusion and coating dies. 'He will play a critical
role in Nordson's program to accelerate R&D, expand our capabilities for
precision manufacturing, and make our technologies accessible to customers
around the world'
Asian Paints' Vizag plant to
have higher capacity
Asian Paints Ltd has
decided to revise its plans for the proposed manufacturing unit for paints
and intermediaries in Visakhapatnam district of Andhra Pradesh.
The paints major has informed BSE through a regulatory filing that the
company re-looked at its product portfolio to be manufactured at this plant
and has decided to revise its plans of setting up of the plant with a
maximum capacity of 5,00,000 kiloliters per annum.
The approximate amount that would be invested by the company in phases over
a period of 12 years from the date of commencement of construction,
including the cost of land, would be Rs 1,785 crore as against its earlier
announcement of Rs 1,750 crore for 4,00,000 kilolitres made in March 2015.<more>
Asian Paints to invest Rs 4,000
cr in new units at K'taka, AP
Asian Paints Ltd is
investing around Rs 4,000 crore on setting up two manufacturing plants in
Karnataka and Andhra Pradesh, although it has cautioned that demand
conditions in the current fiscal "still remain uncertain" on account of the
global economic situation.
Asian Paints chairman Ashwin Choksi said in the latest Annual Report that
"the company would be investing in phases at both these facilities to enable
it to service the future demand adequately" <more>.
Dow Chemical to cut 2,500 jobs
as part of Dow Corning deal
Dow Chemical Co (DOW.N) said it would lay off about 2,500 employees
globally, or about 4 percent of its workforce, as part of a deal to assume
full control of Dow Corning, which was a joint venture with Gorilla glass
maker Corning Inc (GLW.N).
The seeds and chemical maker said it would also shut down silicones
manufacturing facilities in Greensboro, North Carolina, and Yamakita, Japan,
as well as certain administrative, corporate and manufacturing facilities.<more>
Global Powder Coating Guns Market 2016
Global Powder Coating
Guns Market 2016 Industry Size, Research, Analysis, Forecast 2025
The market report, titled Powder Coating Guns Market 2016, is an analytical
research done by Market Research Store study based on the Powder Coating
Guns market, which analyzes the competitive framework of the Powder Coating
Guns industry worldwide. This report 'Worldwide Powder Coating Guns Market
2016' build by the usage of efficient methodical tools such SWOT analysis,
the Powder Coating Guns industrial 2016 study offers a comprehensive
evaluation worldwide Powder Coating Guns market.<more>
BASF launches new coatings for
The coatings recently
passed an external 50 hours rain erosion test by an institute from Denmark.
BASF, Ludwigshafen, Germany, has launched new coatings for rotor blades:
RELEST Wind LEP S. The coatings recently passed an external 50 hours rain
erosion test by an institute from Denmark. The stress loads the rotor blades
were exposed to during the operation were speeds of up to 300 kilometers per
hour at the blade tips.<more>
BASF buys Chemetall surface
treatment unit for $3.2bn
NEW DELHI: Chemical firm BASF IndiaBSE -0.81 % today said its parent firm
has signed an agreement to acquire specialty chemicals firm Chemetall for
Germany-based Chemetall supplies specialty chemicals which are used in
surface treatment of metals and plastics.
It has 2,500 employees globally and 21 production sites in more than 20
Antimicrobial powder coating
market impelled by alarming rise in air pollution and related health issues
antimicrobial powder coating market is spread across Europe, North America,
Asia Pacific, and the Rest of the World. Among these, North America has
emerged as the leading regional market for antimicrobial powder coatings.
Analysts expect this regional market to remain dominant over the forecast
period with the fastest growth rate. The increasing need for food
preservation applications and the growing awareness pertaining to healthcare
are projected to propel the North America market for antimicrobial powder
coatings in the coming years, states the research report.<more>
Berger Paints India's Q4FY16
consolidated net profit declines 60% yoy to Rs.92.77 crore : Broadly in line
The company's consolidated revenue stood at Rs. 1,129.67 crore, up 8.59% yoy
but down 7.1% qoq.
Berger Paints India, leading paint manufacturer company, reported
consolidated net profit of Rs.92.77 crore for the quarter ended March 31,
2016, registering growth of 59.73% yoy, but decline of 16.23% qoq. The
company's revenue stood at Rs. 1,129.67 crore, up 8.59% yoy but down 7.1%
Berger to expand Pune plant,
set up new units in Assam
third-largest paint manufacturer in the country, is going for capacity
expansion with an eye on the revival of demand.
The Kolkata-headquartered company plans to expand its power coating plant at
Jejuri near Pune.
It is also setting up two plants in Assam, near Guwahati and Tejpur, to take
benefit of income and excise tax benefits to be commissioned by December.
Additionally, capacity at its Nepal plant, under its subsidiary Berger
Jenson & Nicholson is being expanded to cash in on the rush to rebuild
habitations destroyed in April 2015 earthquake.<more>
BASF to expand automotive
coatings production in Thailand
The expansion will help
BASF to serve better the strong demand from the expanding automotive
industry in ASEAN
BASF will build a new manufacturing facility at its Bangpoo site in Thailand
to strengthen its local production capability for waterborne and
solvent-borne coatings. The new production facility complements the
facilities at the new Coatings Technical Competence Center ASEAN, which was
opened in September 2015 and includes a laboratory for product development,
performance testing, colour design, as well as a small batch production
unit. The expansion will help BASF to serve better the strong demand from
the expanding automotive industry in ASEAN.<more>
Covestro uses CO2 to make
plastics on industrial scale
The company has opened a
plant in Dormagen (Germany) that uses carbon dioxide (CO2) as a raw material
instead of crude oil to produce polyols, which are used in polyurethane foam
Covestro (formerly Bayer Material Science), the leading global manufacturer
of polymers and specialty chemicals, has become the first company to produce
plastics on an industrial scale by using carbon dioxide (CO2) as raw
material (instead of crude oil).
'We have to change the way we look at CO2, and we will. Using it as an
alternative source of raw materials is a solution to some of the biggest
challenges of our time - finding a replacement for finite fossil resources
such as oil and gas and closing material cycles. Thanks to our innovative
process and the launch of our production operations in Dormagen, we see
ourselves as a pioneer in this area -- true to our vision' To make the world
a brighter place',' said Patrick Thomas, CEO, Covestro. <more>
Competition Commission approves
NEW DELHI: Paint and coatings maker AkzoNobel has got fair trade regulator
CCI's approval to acquire industrial coatings business of BASF SE.
In February this year, AkzoNobel had made an agreed offer to acquire BASF's
Industrial Coatings business for 475 million euros.
Both the companies have presence in the country through AkzoNobel India and
BASF India. <more>
Looking for the market to grow
in double digits:
In an interview to ET Now , Jayakumar Krishnaswamy , MD, Akzo Nobel shares
his business views.
ET Now: The return of volumes and sales growth is clearly evident when one
looks at the financials of Akzo Nobel for instance. What has kick started to
your mind this recovery in the entire industry so to speak?
Jayakumar Krishnaswamy: I think with the change in the Indian economy, with
the new policies announced by the government a couple of years ago, so we
all expected that the new policies will kick start little later and I think
we can see the ben ..<more>
Bayer AG's crop science
division apologized on Monday for a tweet that suggested reduced meat demand
could benefit the environment, in a bid to appease outraged farmers who buy
the company's seeds and chemicals.
The tweet, published on
the official Bayer Crop Science (@Bayer4crops) account on Sunday, linked to
a Vox.com article that said "going vegetarian can cut your food carbon
footprint in half."
The post sparked a backlash on Twitter from North American grain growers who
sell much of their harvests to livestock operations and from farmers who
raise animals. A decline in meat consumption would hurt their incomes.
"Oh you just lost all my business," Lance Schiele (@schiele_lance), a
livestock producer and grain farmer, said in a tweet to Bayer Crop Science.<more>