PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Free Download of

Paint and Coatings Industry News

Main News Page


BASF Hikes R&D, Sells Coatings Unit

Monday, February 14, 2011

More items for Coating Materials

Comment | More

BASF SE spent a record $2 billion on research and development in 2010 and will top that this year, putting the chemical giant on track to generate more than $10 billion from innovation efforts by 2015, the company says.

BASF also will be selling off its Surface Technologies business to New Jersey-based Curtiss-Wright Corp. The ST business is a leading supplier of metallic and ceramic thermal spray coatings, primarily for the aerospace and power generation markets. 

R&D

BASF spent nearly €1.5 billion (about $2 billion US) on research and development in 2010, compared to €1.40 billion (about $1.9 billion US) in 2009.

Dr. Andreas Kreimeyer

“Research and development are the foundations to secure our future,” Dr. Andreas Kreimeyer, BASF Research Executive Director, said at a recent press conference. “BASF will therefore also be increasing its R&D spending in the new year 2011, the International Year of Chemistry.”
 
More than 9,600 R&D employees are working in international and interdisciplinary teams on about 3,000 projects across the company’s businesses.

In 2010, BASF said, it surpassed its goal of generating €6 billion in sales with new and improved products and applications that have been on the market for less than five years. Much of that success stemmed from a new herbicide and new catalysts used to break down nitrogen oxides in diesel-fueled vehicles.

“We are therefore looking optimistically into the future,” said Kreimeyer. “By 2015, BASF wants to be generating between €6 and €8 billion in sales [$8.1 billion to $10.8 billion US] through innovation.”
 
BASF’s Reach

BASF is the world’s leading chemical company, with performance chemicals and coatings products that touch every global coatings sector. In the wind industry, BASF manufactures epoxy resin systems for components, specialized coatings materials for rotor blades, and polyurethane foams, materials for formulating PVC foams and polyurethane-based adhesives for the production of high-performance blades.

Christian Saffert, BASF SE

Its Construction Systems business includes concrete repair and protection materials, joint sealants, Exterior Insulation and Finish Systems (EIFS), grouting and anchoring systems, and waterproofing membranes.

The Admixture Systems business reaches the ready-mix, precast, underground construction, cement producing and manufactured concrete products markets. Its Cementium line of cement additives are used throughout the cement industry, and its products are used in automotive coatings.

“Through our research, we want to develop products and technologies that will secure individual flexibility and mobility while protecting the environment and climate,” says Kreimeyer. A key focus will be electromobility, he adds.

Surface Technologies Acquisition

Curtiss-Wright Corp.’s Metal Treatment segment will acquire BASF's Surface Technologies business, the companies announced last week. Terms were not disclosed.

"The acquisition of BASF's Surface Technologies business adds a new offering in the area of high-technology coatings to Curtiss-Wright's existing portfolio of niche coating technologies,” said Curtiss-Wright chairman and CEO Martin R. Benante.

BASF's Surface Technologies business applies several types of thermal spray coatings, including high-velocity oxygen fuel (HVOF), plasma spray and flame spray coatings, which can all be tailored to the specific end-use application. The business saw $29 million in sales in 2010 and has about 150 employees at its three operating facilities.

Headquartered in Paramus, NJ, Curtiss-Wright's Metal Treatment segment provides precision metal treatment services, including shot peening, shot peen forming, laser peening, heat treating and specialty coatings for the commercial aerospace, automotive, power generation and processing industries.

   

Tagged categories: Air spray; BASF; Metal coatings; Protective coatings; Research

Comment from Susana Fowler, (9/16/2011, 11:24 AM)

It's perfect that people are able to receive the personal loans moreover, this opens up new opportunities.


Comment Join the Conversation:

Sign in to our community to add your comments.

Wasser High-Tech Coatings Inc.
Wasser Coatings Protect

some of the most important bridges in the country; learn about our NEPCOAT-approved system and our entire range of MCU & Polyurea coatings. 1-800-627-2968 www.wassercoatings.com


Polyval Coatings
Polyflex® Polyurea Linings

exhibit outstanding versatility in use; providing abrasion resistance, superior seamless waterproofing and high-chem corrosion protection. 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.


International Paint LLC

International Paint Engineered Coatings

Learn about our solutions for:
  • Structural Steel
  • Piping & Equipment
  • Storage Tanks
  • Pressure Vessels
  • Secondary Containment


    Thermion Inc
    Buy Back Program

    We are offering $5,000
    credit for your old Model
    This drive system is
    being discontinued by
    the manufacturer.
    More information at
    thermioninc.com
    877.884.3428


    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


    SSPC: The Society for Protective Coatings
    http://www.sspc.org/

    Join SSPC and Enhance
    Your Career !

  •  
     
     
    Technology Publishing

    The Technology Publishing Network

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

     
    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 2000-2014, 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