PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Free Download of our eBook on Overcoating Bridges and Other Structures

Paint and 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.

BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


Polyval Coatings
Polyflex® Polyurea Linings

Polyflex™ new Polyurea Geotextile Membrane System has been specifically engineered to protect the environment in containment applications.
www.polyflexlinings.com


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.


Carboline Company
We have the solution

We are a global leader in coatings, linings, and fireproofing. We have the right people, right products, and right locations.


Sherwin-Williams
Sherwin-Williams Protective & Marine Coatings

With 4,000 distribution points and 3,700+ years of experience, Sherwin-Williams delivers the products, support and expertise you need, right where you need it.


International Paint/AkzoNobel
Rapid cure, high temperature lining

AkzoNobel introduces Enviroline 405HTR, an ultra-low VOC lining. 405HTR offers rapid return to service, and excellent chemical resistance at high temperatures.


Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

Wasser Coatings offer a complete range of Moisture Cure Urethane (NEPCOAT approved) systems in addition to Polyurea membranes and linings(NSF).
www.wassercoatings.com


Absolute Equipment/Grand Rental Station
TIER 4 EQUIPMENT

We have Tier 4 Equipment including Air Compressors & Generators for Sale & Rent! Your job may now require Tier-4. www.absoluteequip.com or Call 412-931-6655.


HoldTight Solutions Inc.
NO FLASH RUST -
NO CONTAMINANTS

Our HoldTight®102 salt remover & flash rust preventer prevents flash
rust by removing surface contaminants. It has no equal; only wannabees.
Contact us for your
nearest distributor.
(800) 319.8802 sales@holdtight.com


SAFE Systems, Inc.
Portable Blast &
Recovery Equipment

Trailer or skid mounted blast and recovery equipment. Systems designed for maximum versatility, environmental compliance
and overall cost savings.
Call 1-800-634-7278

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design 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
 

© Copyright 2000-2016, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com