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Insider News is a service of the National Paint & Coatings Association and Paint & Coatings Industry magazine

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Top Industry News                                  September 4, 2007 Issue

LKM-Press Publishes Profile of Russian Paint Industry
Responding to a huge demand from international suppliers and investors, LKM-Press Publishing House has completed a study of the Russian paint industry and the market for coating materials ... Full story >>

U.S. Color Pigment Demand to Reach $3.8 Billion in 2011
Demand in the United States for color pigments, including inorganic, organic and specialty types, is forecast to increase 4.4 percent per year to $3.8 billion in 2011, driven by a shift toward more expensive high-performance organic pigments and specialty types ... Full story >>

Seventh Annual China Exhibition a Success
The 7th China International Coating, Surface Finishing, Painting & Electroplating Exhibition was held at Guangzhou International Convention and Exhibition Center from June 21 - 23 ... Full story >> 

Public Auction SATURDAY Sept. 29 10:30 AM

Acquisition Action Report

X-Rite Acquires Pantone/Extends Reach in Color Industry
X-Rite Inc., Grand Rapids, MI, a provider of color solutions for measuring, formulating, matching and simulating color, announced that it has entered into a definitive agreement to purchase Pantone Inc., for $180 million ... Full story >>

Huron Capital Buys Zolatone
Huron Capital Partners LLC, Detroit, MI, has announced that through its portfolio company, Quest Specialty Chemicals, Inc., it has acquired Zolatone Automotive ... Full story >>

The People File

Malvern Adds to U.S. Process Systems Team
Malvern® Instruments has appointed Raymond Augustine as Field Service Engineer, Process Systems, in the United States ...
Full story >>

EnviroCare Appoints James Hoffman
James Hoffman has been named Northeast Regional Sales Manager of EnviroCare Corp. in Wilmington, MA. EnviroCare is a leader in professional and consumer mold-resistant coatings products and systems ... Full story >>

Business Barometer

Cognis Announces Second Quarter Results
In the first six months of 2007, global specialty chemicals company Cognis increased its net external sales by 6.2 percent to EUR 1,821 million on a comparable currency basis ... Full story >>

Company Portfolio

Solutia Names Northspec to be Canadian Distributor
Solutia Inc., St. Louis, MO, has appointed Northspec Chemicals Corp., Toronto, Canada, as its Canadian Specialty Additives distribution sales representative for Butvar® polyvinyl butyral (PVB) resins and aqueous dispersions and for Solusolv 2075, an ultra-low VOC coalescing aid ... Full story >>

Supplier Price Alerts

Bayer MaterialScience Raises Prices
Bayer MaterialScience AG has raised the prices for hydroxyacrylates, unsaturated polyester resins and alkyd resins in the region EMEA (Europe, Middle East and Africa) by an average of EUR 0,15/kg, effective Sept. 15, 2007. The price rise safeguards the availability of necessary production capacity and logistics. Persistently high costs for raw materials and energy, as well as continuously high expenses to fulfill the necessary safety standards and regulatory requirements, cannot be offset by internal measures to increase efficiency alone. This does not affect contractual obligations in existence as of Aug. 29, 2007.

Cytec Announces Price Increases for Waterborne Resins and Additives
Cytec Industries Inc., West Paterson, NJ, announced that it is increasing the prices of its entire range of VANCRYL® waterborne resins and additives in the Americas for orders shipped on or after Sept. 1, 2007, or as contracts allow. Prices will advance by U.S. $0.10 per pound for solid grades and by U.S. $0.05 per pound for all other grades. The increase is necessitated by the continued, unprecedented rise in the cost of raw materials, especially acrylate and methacrylate esters.

See other recent price adjustments at www.pcimag.com by clicking on Supplier Price Alerts.

Meetings, Courses & Other Events

ACS-DAC to Partner With Pittcon 2008
The Pittsburgh Conference announced the continuation of its partnership with the ACS Division of Analytical Chemistry (ACS-DAC) at Pittcon 2008 ... Full details here >>

Agenda for Stabilization of Thermoplastics 2007 Announced
IntertechPira's Stabilization of Thermoplastics 2007 conference, chaired by Chris DeArmitt of Hybrid Plastics Inc., has finalized its agenda with the addition of several more speakers ... Full details here >>

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