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

 

Coatings Industry News

Main News Page


Cytec Coatings Unit Gains New Identity

Tuesday, June 4, 2013

More items for Coating Materials
More items from Asia Pacific; Europe

Comment | More

Two months after becoming an independent company, Cytec Industries’ old coating resins business officially has a new name: Allnex.

Headquartered in Brussels, Belgium, Allnex develops, produces and sells synthetic resins for paint, coatings, and printing inks.

"We are excited about our new name," Frank Aranzana, CEO, said in an announcement. "We believe it reflects who we are, what we stand for, and what we want to achieve."

Cytec Industries sold its coating resins business to Advent International, a global private equity firm, on April 3 for a total value of $1.1 billion, including assumed liabilities of approximately $118 million.

Allnex
Photos: Allnex

Cytec Industries' former coating resins business has been renamed Allnex after its sale in April to a private equity firm.

"Because a company name is one of the most visible aspects of its reputation, it was very important to take the time to consider the company's identity, mission and future ambitions in the selection process," Aranzana said.

"We believe Allnex is the one name that we can all stand behind and be proud of."

The name change became effective June 1.

Employee Inspiration

The search for a new name started in November 2012 with an employee contest that generated more than 300 ideas. Using those names as inspiration, a global diversity group then brainstormed for a new name and incorporated advice from a leading brand agency.

The company's new logo was designed to reflect Allnex's product portfolio, sustainable innovations, growth aspirations and commitment to continuous improvement, the company said.

Cytec coating resins

Employees helped generate more than 300 ideas for the new name, which comes with a new logo and the slogan, "All About Resins."

The colors and sizes of the droplets are meant to represent Allnex's products and employees. The green droplet specifically stands for sustainability, and the upward movement of the droplets and text represents the company's commitment to operational excellence, innovation and growth.

The new name and logo also come with a slogan: "All About Resins."

About the Company

Allnex is a global company with $1.5 billion in sales that supplies resins for industrial, architectural, OEM and special purpose coatings.

The company's portfolio includes liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces.

More information: www.allnex.com.

   

Tagged categories: Acquisitions; Additives; Adhesive; Allnex; Cytec Industries Inc.; Resins

Comment Join the Conversation:

Sign in to our community to add your comments.

Advertisements
 
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
 

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

 
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.
 

 
Detail Masters
 
Overspray Removal
 
We offer professional, turnkey service and unparalleled quality!
Our process can save hundreds— even thousands of dollars. It's fast, environmentally safe and 100% guaranteed.
 

 
HoldTight Solutions Inc.
 
NO FLASH RUST - NO CONTAMINANTS
 
Our HoldTight®102 salt remover & flash rust
preventer prevents flash
rust by removing surface contaminants. Contact us
for your nearest distributor.
(800) 319.8802 sales@holdtight.com
 

 
Clemco International GmbH
 
Global engineering-trusted solutions
 
For more than 70 years, Clemco has provided the highest quality blast equipment with a total commitment to comfort and safety.
 

 
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.
 

 
Sherwin-Williams
 
Sherwin-Williams Oil & Gas App
 
Our coatings and linings expertise available 24/7, allowing you to explore the best Sherwin-Williams solutions for oil refineries, shale drilling sites, and offshore. Android users
click here. Download today!
 

 
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.
 

 
Atlantic Design, Inc.
 
GOING BEYOND INDUSTRY STANDARDS
 
The ADI HD40 Dust Collector is a smaller, more economical way to meet/ exceed Industry standards. Watch the video for details on our website. 866.Call.ADI
 

 
 
 

Technology Publishing Co., 2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951

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