PaintSquare.com
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site

 

Advertisement

PaintSquare


Coatings Industry News

Main News Page


Bayer MaterialScience Warns of Cuts

Thursday, September 19, 2013

More items for Coating Materials

Comment | More

One of the world’s oldest and largest producers of raw materials for coatings and construction is facing a product oversupply and rising costs that have it considering cutbacks.

Bayer MaterialScience AG, an independent business within 150-year-old Bayer AG, is being squeezed between excessive capacity and expenses, Chief Executive Marijn Dekkers told reporters at a dinner Monday night (Sept. 16) at the company's headquarters in Leverkusen, Germany.

Marijn Dekkers
Photos: Bayer MaterialScience

"Our margins are under pressure, and we need to save costs," Bayer MaterialScience Chief Executive Marijn Dekkers told reporters.

"Our margins are under pressure, and we need to save costs," Dekkers said, according to news reports.

Leading Producer

With more than 14,500 employees and more than 2,000 chemicals in its product portfolio, Bayer MaterialScience is one of the largest materials producers in the world. The company is the global market leader in polyurethane and polycarbonate production and is one of the largest suppliers of raw materials for coatings, adhesives and sealants.

News reports quoted Dekkers as saying that chemical companies had increased output capacity in recent years in anticipation of rising demand in emerging markets that are now cooling off. Growth in China "has weakened considerably," he said, according to a Reuters report.

BMS coatings

Bayer MaterialScience is the top global producer of polyurethanes and polycarbonates and makes hundreds of raw materials for coatings, adhesives and sealants.

He called the problem temporary.

"In the next two or three years, our margins will improve again," he said, according to a Wall Street Journal report.

Labor Discussions

Meanwhile, Dekkers said, the company had been discussing "small adjustments" with labor representatives but declined to disclose specifics or whether the cuts would include job losses, according to post-gazette.com.

BMS polyurethanes

Bayer's polyurethanes are used in a wide range of paints and coatings.

With German elections set for Sept. 22, Dekkers also called for policies to reduce energy costs, saying that MaterialScience in Germany "pays double the amount for electricity as in the U.S.," according to the Journal.

Bayer MaterialScience's competitors include Sabic, of Saudi Arabia, for polycarbonates and BASF for polyurethane foam chemicals, Reuters noted.

   

Tagged categories: Adhesive; Bayer; Bayer MaterialScience; Coating chemistry; Coatings raw materials manufacturers; Polyurethane; Raw materials; Sealant

Comment from peter gibson, (9/19/2013, 11:43 AM)

Dekkers- what about all that solar energy you guys are generating over there in Deutchland? Suppose to bring down energy costs- yes? Move your production to the US.


Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
Carboline Company
 
Carboline is pouring with opportunities
 
We are proud of our exceptional products and services, and believe that people are our greatest asset. Come grow with us!
 

 
BASF
 
New resins from BASF will have metals loving water!
 
Excellent corrosion resistance, low VOC, high gloss, thin films www.basf.us/industrialcoatings dpsolutions@basf.com 800-231-7868
 

 
Sherwin-Williams
 
Sherwin-Williams General Polymers Resinous Flooring App
 
Our coatings and linings expertise available 24/7, allowing you to explore the Sherwin-Williams systems best suited for your flooring needs. Android Users Click here to Download the app today!
 

 
Strategic Materials Inc.
 
Crushed Glass Abrasives
 
TruAbrasives™, a clean crushed glass abrasive superior to other abrasives for performance, health, and environmental benefits.
 

 
Mitsubishi Gas Chemical America
 
Performance Amine 1,3-BAC
 
A highly reactive cycloaliphatic diamine offering superior performance. Reasonable cost and curing efficacy makes it suitable for all types of epoxy resin applications.
 

 
Jotun Paints Inc.
 
Jotachar JF750 - The Time Saving Solution
 
The only mesh free solution for jet fire scenarios. Jotachar saves installation time and material costs - the next generation of epoxy passive fire protection.
 

 
PPG Protective and Marine Coatings Group
 
We Protect and Beautify the World
 
PPG is widely recognized as a world leader in protective and marine coatings, developing innovative, cutting-edge products and services.
 

 
Safway Services
 
Safeguard Assets. Ensure Productivity. HAKI®
 
Protect assets and equipment. Keep facilities open and operational. Maintain schedules regardless of weather. Ensure smooth and continuous production. Easy to erect. Safway is the primary distributor of HAKI® products including HAKISPAN and HAKITEC® 750 – in North America.
 

 
Modern Safety Techniques
 
Modern Safety Techniques
 
With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern
 

 
Blastox/The TDJ Group, Inc.
 
Blastox® - One Step Lead Abatement
 
Sandblast additive delivered to jobsite pre-blended to eliminate hazardous abrasive wastes. Why mix, meter or apply at the job-site? Blast with ease and
Let your painters paint!
1(800)-252-7869
 

 
 
 

Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@paintsquare.com


The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us