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

 

Paint and Coatings Industry News

Main News Page


AkzoNobel to Acquire Surfactant Maker

Tuesday, August 2, 2011

Comment | More

AkzoNobel plans to strengthen its position in specialty surfactants while enhancing its manufacturing footprint in Asia by acquiring Boxing Oleochemicals, Asia’s leading supplier of nitrile amines and derivatives.

Established in 1993 and based in Shandong Province, Boxing had revenues of approximately €100 million (about $142 million US) in 2010. Its activities will be integrated into AkzoNobel's Surface Chemistry business, a global supplier of specialty surfactants, synthetic and bio-polymers additives used as formulation ingredients and process aids in a variety of applications.

AkzoNobel

Demand in Asia for amines and derivatives is being driven by population growth, an expanding middle class, an increased focus on sustainability and the build-up of infrastructure, notably in China and India, according to AkzoNobel.

Accelerating Growth, Local Production

"This is an excellent opportunity which couples our strategic ambition to accelerate growth in Asia with our commitment to locate production closer to our customers," said Rob Frohn, AkzoNobel's Executive Committee member responsible for Specialty Chemicals.

"Boxing's leading market position in amines will complement AkzoNobel's growing specialty surfactant business in Asia. The acquisition will also provide a strong local manufacturing operation in the region."

Bob Margevich, Managing Director of AkzoNobel Surface Chemistry, said demand for amines and derivatives was “expected to increase significantly over the next few years, with a third of the Asian demand for amines coming from China alone.”

“We plan to enhance the process capabilities and increase capacity at the Shandong site by introducing our state-of-the-art manufacturing technology. We will also introduce new products to the marketplace based on AkzoNobel's product and application knowhow."

The completion of the transaction is subject to closing conditions, including the approval of the Chinese authorities. It is expected to be finalized in the last quarter of 2011.

AkzoNobel currently employs over 6,700 people in China, with 2010 revenue totaling €1.3 billion (about $1.8 billion US), most of it from local demand. The company's ambition is to achieve revenue of $3 billion in China by 2015.

   

Tagged categories: Acquisitions; Additives; AkzoNobel; Economy; Protective coatings

Comment Join the Conversation:

Sign in to our community to add your comments.

Nationwide Overspray
Profession Overspray Removal Services

The Finest Name in Safe Overspray Removal. We specialize in removing all contaminants from any surface. Family Owned and Operated for 33 years! Fully insured. Satisfaction is guaranteed.


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

Join SSPC and Enhance
Your Career !


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


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


Binks/DeVilbiss
Built for Tough Jobs

From Epoxies to Urethanes to other high solid coatings, the new Binks Airless 75 delivers a great finish using an ergonomic design. Visit binks.com for more information.


International Paint LLC
Premium Low VOC Polyurethane Finish

AkzoNobel introduces Interthane 990V as a 250 g/l HAPS free polyurethane with outstanding color and gloss retention. 990V is fast curing and applicator friendly.


Clemco Industries Corp.
Powerful Protection in a Small Package

Mounts inside blast helmet, alerts operator to dangerous breathing-air condition by audible, visual, and vibratory alarms. Easily calibrated, battery operated.


GMA Garnet USA
GMA Garnet™
Natural Abrasives

- Superior cleaning
  performance
- Even Profile
- Low Dust
- Cost-Effective
- Environmentally friendly
- Recyclable up to 5 times
Tel : +1 832 243 9300


Commercial Sand Blasting & Painting Ltd.
Reliable Service & Superior Workmanship

We’re ready to meet any of your protective coating and lining needs. We can work on your site or in our facilities, with large shops (60,000 sq ft), 40 acres of yard space, and cranes and forklifts on site.


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable

 
 
 
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 2000-2015, 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