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

 

Download our free e-book! Quality Control

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.

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.


Wasser High-Tech Coatings Inc.
Polyflex® Polyurea Linings

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


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


Carboline Company
Fireproofing Solutions

Pyroclad® X1 Thermo-Lag® Pyrocrete® – protecting against hydrocarbon and jet fires, explosions, and cryogenic spills.


Hempel (USA) Inc.
Wider range of Hempel Protective Coatings now approved by Norsok.

Proven high performance products that protect your assets. Contact us today at protective@hempel.com to find out more.


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.


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.


PreTox Products - NexTec, Inc.
GOT LEAD? Specify Pretox System products

The ONLY Lead Stabilizer Compatible with All Paint Removal Methods. Works with all Blast Media: Grits | Recyclable Abrasives | CO2 | Water | Power Tools | Etc. Call Dave Steffen at 800.338.8296.


RBW Enterprises, Inc.
Robotic Blast Cleaning & Painting News

RBW Enterprises has the only portable blast cleaning machine that can clean both horizontal and vertical surfaces, and pipe See more Videos at www.rbwe.com


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

 
 
 
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