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IInfomercial
from MITSUBA SYSTEMS (I) PVT. LTD., |
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For More Information On Mitsuba’s New Patented Disptick
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OR
Contact Us:
MITSUBA
SYSTEMS (I) PVT. LTD.,
34/H, Laxmi Industrial Estate,
New Link Road, Andheri (W),
Mumbai– 400 053. INDIA
Tel: 0091-22-2631 8633/2633 4735/56924151/52/53/54
Fax: 0091-22-56924154.
Email:
[email protected]
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Off topic
Revenge of the Sith
 Readers
might be aware that I am a star wars fan. Here
it is, the much-anticipated first look at Star Wars Episode III:
Revenge of the Sith. Premiering online to members of Hyperspace, this
teaser trailer also debuted in theaters on November 5, 2004. It is now
available for everyone for enjoy in QuickTime format. As befitting the
final missing chapter of the Star Wars saga, the 90-second trailer
begins with Obi-Wan Kenobi from Episode IV reminiscing about his lost
apprentice, before revealing new images and moments from Revenge of
the Sith.
Release Date: May 19, 2005, Director: George Lucas, Cast: Ewan
McGregor, Hayden Christensen, Natalie Portman, Ian McDiarmid, Samuel
L. Jackson, Christopher Lee, Anthony Daniels, Kenny Baker, Peter
Mayhew, Frank Oz
Plot: After three years of fighting in the Clone Wars, Anakin
Skywalker begins his journey towards the Dark Side of the Force,
putting his friendship with Obi Wan Kenobi and his marriage at risk.
Moderator:
"Star Wars" fan will immediately recognize the background music. . We invite you to send your messages feedback comments
in the new audio format too. Manufacturers can also promote their
products through audio messages.
Price, supply concerns command attention at ICE
Raw-material price and supply issues appeared to overshadow the new-
product and technology showcase that traditionally serves as the
focal point of the Federation of Societies for Coatings
Technology's International Coatings Expo (ICE). A good portion of the
talk on the floor of Chicago's McCormick Place North included some
strongly worded opinions from suppliers on the need for further
raw-material price increases.
Higher prices, suppliers said, are needed to deliver margins and allow
investment in additional production capacity and required
maintenance and upgrades of existing sites. Suppliers said they are
being squeezed by rising oil and natural-gas prices and surging
demand following years of price and margin weakness. Also exerting
price and supply pressure are the booming economies of Asia,
particularly China,
which are absorbing major quantities of raw materials for coatings and
other critical commodities.
The price and supply dilemma was detailed extensively by number of
representatives of major suppliers of coatings raw materials,
with some of the most pointed messages coming from The Dow Chemical
Co.'s Pat Gottschalk, Global Business director, Solvents &
Intermediates. During an interview with INSIDER NEWS, Gottschalk was
bluntly outspoken on supply and price issues and what Dow Chemical
sees as necessary to address the situation: higher prices to pay for
maintenance and upgrading of production
capacity.
Gottshcalk said key feedstock supply has become increasingly tight and
costly, with the price of propylene approximately doubling in
2004 alone. Coatings raw-materials suppliers have been forced to seek
to pass the prices along. "We hope they understand, and realize what
the implications are going forward," Gottschalk said. Prices have
risen 30% to 50% for some oxygenated solvents such as isopropanol,
MIBK and butyl Cellosolve, all of which are derived from propylene, he
said. Gottschalk
said major coatings companies have enjoyed strong earnings results
over the past five years, while Dow's profits have declined sharply
and remain below cyclic averages. The situation cost the company
former CEO, Michael Parker, his job, and forced other major
cost-containment actions. Addressing Dow's coatings customers,
Gottschalk said: "We need to increase our pricing above costs to
improve our margins and invest in and maintain our business. We have
to have some good quarters, or we won't be
here to supply them (coatings makers), and then they will have a
larger issue to deal with."
On a more positive note, Gottschalk said a point at which his company
can justify investment is not far from coming into view. "You
pay us more, and we will ensure supply," he said, adding that Dow
Chemical anticipates making announcements as early as mid-December
about actions that will maintain or expand capacity.
"We need capital to invest in our facilities," he said. "We won't be
in this business if we can't get what's needed." He said
coatings customers appear to have come to the realization that
suppliers aren't singing the same old tune about price increases -
that the situation is indeed urgent. A key, he said, is the message
sent by Dow's recent move to announce price increases on a monthly
basis. "It's clear there's an under-
standing of the seriousness of the issues, and an awareness of the
importance of investing in production. There has been an open
discussion of the situation," he said. Source: INSIDER NEWS
(National Paint & Coatings Association and Paint & Coatings
Industry Magazine)
Asian Paints to change strategy
Coatings Flash - November 15, 2004
The global paints major Asian Paints Ltd is putting in place a new
business strategy to generate additional revenues by licensing out its
brands and technology. As part of a massive review of its global
business, the company is taking a re-look at its operations across all
its 29 plants, of which five are in India. It has now decided to exit
markets which do not fit in with its strategy. The new business plan
marks a major shift from the existing strategy of growing through
acquisitions. "In an increasingly globalised economy, it is scale of
operations and technological excellence that are going to give
companies the competitive advantage. It is in this context that we
have initiated the review. Wherever we find that the operations are
not viable, we will exit," said Jalaj Dani, vice-president
(international operations) of Asian Paints. Dani also said the company
may not go for any more acquisitions at the moment.
Asian Paints has manufacturing facilities in Bangladesh, Mauritius,
the Middle East, Nepal, Fiji, Tonga, Sri Lanka, Singapore, Hong Kong,
Ningbo and Jamaica. Net sales from the company's international
business was INR 4244.50 million (1 EUR = 58 INR) in 2003-04. The
international business accounts for 19% of the total sales of the
Asian Paints group. As per the new business strategy, Asian Paints
will out-licence the brand name and the paint manufacturing
technology. Recently, the company licenced out its brand and
technology to PT Abadi, a leading paint company in Indonesia. Asian
Paints also licensed its technology to Berger Paints, Pakistan. The
company has already sold its Malta plant, which it had acquired from
Berger Paints in 2002, to a local company called Vangeebee Ltd and
also licenced out the Asian Paints brand name and technology know-how
to Vangeebee. The company has also decided to shift its focus from
China to six other emerging markets: Taiwan, Sri Lanka, Dubai, Egypt,
Bangladesh and Malaysia. Dani said: "China is a very complex market.
We want to restrict our product profile in China to only one segment -
protective coating - and will focus mainly on Taiwan and other
emerging markets."
Goodlass Nerolac Announces FY 04-05 Q2 Results: Records A Growth Of
Over 55% In PAT
Mumbai, October 27, 2004 -- Goodlass Nerolac Paints Limited, one of
the largest paint companies in the country, has announced growth in
profits of over 55% for its second quarter ended September 30, 2004.
At the Board meeting held today, the company declared Gross Sales of
Rs. 287.80 crore for the quarter ended 30th September 2004. While the
profit before tax increased by 52.17% and stood at Rs. 42.76 crore,
the net profit of the company for the quarter increased by 55.76% over
the corresponding period last year and stood at Rs. 29.22 crore.
On a cumulative basis, gross sales for the six months ended 30th
September 2004, at Rs. 518.30 crore is up by 13% as compared to the
gross sales of the corresponding period of the previous year, which
was at Rs. 457.94 crore. Net Profit for the first half year of 2004-05
is at Rs. 44.74 crore, up by 61% compared to Rs. 27.71 crore of the
corresponding period of the previous year.
Commenting on the announcement, Mr. H. M. Bharuka, Managing Director,
Goodlass Nerolac mentioned, “Our outstanding performance this quarter
has been achieved as a result of renewed vigour and aggressive
marketing strategies, both in the decorative as well as the industrial
paints businesses. The substantial jump that we have achieved in our
bottom line, we feel, is by far the best in the industry. The coming
months will see us focus more on strengthening our branding &
distribution strategy, and at the same time, increasing investments in
R&D and ensuring the best product deliveries to our valued customers.”
Goodlass Nerolac Paints has been at the forefront of paint
manufacturing for more than 80 years pioneering a wide spectrum of
quality paints. Goodlass Nerolac is the second largest paint company
in India and undisputed leader in Industrial segment, having a group
turnover of more than 1000 crore. The company has four strategically
located manufacturing units all over India and a strong dealer network
of over 11000 dealers across the country. The company manufactures a
diversified range of products ranging from architectural coatings for
homes, offices, hospitals, and hotels to sophisticated industrial
coatings for most of the industries.
Asian Paints Q2 net up at Rs48.80cr
Wednesday, 27 October , 2004, 17:22
Asian Paints India Ltd has posted a Net Profit of Rs 48.807 crore for
the quarter ended September 30, 2004 as compared to Rs 46.925 crore
for the quarter ended September 30, 2003. Total income has increased
from Rs 499.639 crore in SQ-03 to Rs 543.944 crore in the quarter
ended September 30, 2004.
The Consolidated Results are as follows:
The Group has posted a Net Profit of Rs 48.731 crore for the quarter
ended September 30, 2004 as compared to Rs 47.286 crore for the
quarter ended September 30, 2003. Total income has increased from Rs
622.239 crore in SQ-03 to Rs 697.061 crore in the quarter ended
September 30, 2004. <more>
Asian Paints to hike prices 5%
MUMBAI: A sharp escalation in raw material prices has triggered an
increase in the price of paints after a gap of almost six years. Asian
Paints, India’s largest paint-maker, has increased product prices by
an average 5% with effect from December 1, ‘04.
The company is resorting to such a hike for the first time after 1998.
The prices of petrochemicals, which are the basic feedstocks for
paints, have shot through the roof after crude oil prices vaulted to
record levels recently.
Asian Paints, which resisted price hikes to cash in on the demand
during the festive season, has now increased prices for most product
categories. <more>
Paint industry thrives on real estate boom
M Abdur Rahim
Riding on success in real estate sector, Bangladesh's paint industry
is witnessing enormous growth.
An official of Rehab (Real Estate and Housing Association of
Bangladesh) said the paint industry is drawing local and foreign
investments as the industry sees almost double-digit growth annually.
"Use of paint for both interior and exterior decoration is rising,
giving a boost to the paint industry," said Ziaul Ahsan, executive
committee member of Rehab.
Rehab sources said around 5,000-7,000 apartment units and 4,000-6,000
plots are handed over to buyers a year. Developers have so far handed
over 70,000-80,000 apartment units to buyers in the last 20 years.
With arrival of Asian Paints, India's largest paint manufacturer,
Bangladesh has now become almost self-sufficient in paint. Officials
of Asian Paints said annual demand growth at 7 percent prompts the
company to make foray into Bangladesh market.
Asian Paints formed a joint venture with local company Confidence
Cement in 2002 to set up a hi-tech plant at Gazipur with a capacity of
2,500 tonnes and initial investment of about Tk 15 crore.
Right from the beginning, Asian Paints aimed to pound the citadel of
Berger Paints Bangladesh Ltd, which has long been dominating
Bangladesh market with about 40 percent market share. <more>
Reichhold Announces Price Increases for All Coating Resins Sold in
U.S. and Canada; Effective December 15, 2004
RESEARCH TRIANGLE PARK, N.C.--(BUSINESS WIRE)--Nov. 11,
2004--Reichhold announced price increases today across all coating
resin product lines sold in the US and Canada. Specific increases
include $.05 per pound on all solvent-based coating resins as well as
emulsion and dispersion chemistries, with the exception of epoxy
resins and curing agents which will increase by $.08 - $.10 per pound.
Polyester powder coating resins are also included and will increase by
$.10 per pound while GMA acrylic powders are not affected. These
increases are applied to both list and off-list prices and are
effective for all U.S. and Canadian orders shipped on or after
December 15, 2004.
"As industrial demand for coatings-related monomers continues to
outstrip supply, especially in the area of acrylates, we are
continually being hit with increases on these materials which are key
in the production of our resins," explained Reichhold's Product
Director for Global Coatings, Tony Rende. "This is only compounded by
price hikes that we're seeing across other primary raw materials such
as phthalic anhydride, xylene, TDI and linseed oil to name a few,"
continued Rende. "With crude oil and natural gas pricing hovering
around record levels, it's evident that there is no immediate relief
in sight for raw material or energy costs.
"While we are sensitive to the fact that we've had to announce more
increases this year than in the past, we are simply responding to the
burden that's being placed on us by current market conditions and,
like anyone else in the supply chain, we have to maintain a profit to
stay in business.
"We thank our customers for their business and continued support in
these trying conditions and encourage them to contact their Reichhold
sales representative if they have any questions regarding this price
adjustment," concluded Rende.
HP, Epson present fade resistant dye-based ink-jet inks
While pigmented ink-jet inks have increasingly been used for better
light and gas fade resistance of photographic prints, dye-based
systems, still superior to pigments in terms of brilliance and colour
gamut, apparently are on their way back up. Both Hewlett Packard and
Seiko Epson presented fade resistance studies of their new generations
of dye-based ink-jet ink systems during the NIP 20 Conference on
Digital printing last week. While HPs new ink system was shown to be
capable to achieve >100 years of predicted light fastness, Epson's new
ink generation claims to feature up to 18 years of predicted ozone
fastness on porous glossy photo paper - a vast improvement over the
previous generation inks. More information on these developments, plus
further highlighted reports from the NIP 20 can be found in a special
issue of Jet-Age, the biweekly electronic newsletter focusing on
ink-jet materials developments (http://coatings.de/jet-age).
A thriving Tipton powder coating firm today revealed it is creating
more than 40 jobs as part of a £2.5 million expansion.
It is the latest boost in the town's fightback against a manufacturing
slump that has seen hundreds of workers axed across the country.
The news that Spectrum Architectural Coatings is planning to double
its workforce comes on the back of the 100 new jobs announced with the
opening of the new Hercunite Foundry.
Spectrum has triggered a huge expansion plan at the site in High
Street, Princes End, which will include taking on a new storage depot,
new machinery and workers.
The company, which produces the powder coated aluminum frames for the
construction industry, has already invested significantly over the
past 18 months.
It has showcased its products all over the country after producing the
powder coated aluminum frames for Chelsea football club's Stamford
Bridge ground and Canary Wharf in London. <more>
ICE to reconvene in 2006
Coatings Flash - November 08, 2004
The International Coatings Exposition (ICE) had returned to Chicago
this year. More than 300 exhibitors made the event larger and busier
than its predecessor in 2003, hosted in Philadelphia. As announced
awhile ago, ICE will be held bi-annually from now on. Reflecting on
the traditionally high visitor turnout, Chicago will become the
permanent venue. In the odd years, the FSCT Annual Meeting & Western
Coatings Societies Symposium will mark an additional opportunity for
coatings professionals to meet. This year, exhibitors and visitors
alike were cautiously optimistic about business prospects.
Nanotechnology proved to be a hot topic once again.
From Athens to Noordwijk - Coatings Science International conference
launches next June
Coatings Flash - November 08, 2004
Coatings Science International (COSI), a new annual scientific
coatings conference, will be launched from 27 June to 1 July 2005 in
Noordwijk in the Netherlands. The new event has been initiated and set
up by former members of the Advisory Board and Scientific Committee of
the renowned Athens Conference, which had been cancelled for 2004
earlier this year. COSI strives to become the leading European
conference on the science and technology of coatings and addresses
both industrial and academic researchers active in the field,
comprising polymer, material and paint chemists, formulators, as well
as surface and interface scientists. According to the conferences
Mission Statement, top-notch, in-depth scientific presentations by
speakers from around the world are intended. A Call for Papers has now
been issued (deadline for lecture presentations: 15 December 2004),
all further information about the event, including details about
invited presentations, is available at www.coatings-science.com.
DSM will expand its production facility for polyester powder coating
resins in China
Coatings Flash - November 08, 2004
DSM Eternal Resins (Kunshan) decided to expand its production facility
for polyester powder coating resins in Kunshan, China. It is the
second capacity increase after the inauguration of the plant in 1998.
The new capacity is expected to come on stream in the second half of
2005. Don Verstegen, Business Groups Director of DSM Coating Resins,
comments: "First of all the expansion is needed to maintain DSM's
leadership position in the Chinese market. Furthermore and most
importantly it demonstrates DSM's commitment to the coating resins
market in the presently very turbulent times. Finally, it represents a
further step towards the realization of DSM's ambition to double its
total turnover in China by 2008."
Electrical insulation: Altana Chemie opens fourth production site in
China
Altana Electrical Insulation, a business unit of Altana Chemie AG,
Wesel, Germany, has commenced operation of a modern production plant
in Zhuhai, China, after a year and a half of construction. The site of
the new plant is located in the Harbor Industrial Zone, Zhuhai, in the
province of Guangdong near Hong-Kong - the booming Southeast of China.
On an area covering 70,000 m² Altana Electrical Insulation Zhuhai
produces specialty chemicals such as wire enamels, impregnating resins
and compounds at an annual capacity of 25,000 metric tons. In
addition, the production complex also houses application labs. During
the start-up phase, 40 employees will be based in Zhuhai. By 2005 it
is hoped that annual sales will top the ten million euro mark. The aim
of the new site is to consolidate the Asian presence, with the
emphasis on China, and to take account of the tremendous market
potential in Asia, and China especially.
Malaysian firms urged to take part in Hannover Fair to boost markets
By ZAIDI ISHAM ISMAIL
MALAYSIAN companies can expand their export markets by participating
at the world’s largest trade exhibition, the Hannover Fair, in Germany
next year.The five-day fair, which starts on April 11, will cover 1 sq km, or 25
times bigger than all the exhibition halls in Putra World Trade Centre
combined. A visitor needs to spend 1.8 days to visit all the booths.
The event will be jointly launched by German Chancellor Gerhard
Schroeder and Russian President Vladimir Putin.
Federation of Malaysian Manufacturers (FMM) vice- president Datuk
Francis Huang said Malaysia will be participating for the ninth time
with a total of eight companies.
“This is the perfect platform for Malaysian manufacturers to tap the
enlarged European Union,” Huang told reporters at a briefing on
Hannover in Wisma FMM in Kepong yesterday
The FMM, which has 2,200 members, is the organiser for Malaysian
companies interested in participating in the fair.
A total of 200,000 visitors are expected to throng Hannover 2005,
which will have 6,000 exhibitors from 70 countries covering over
200,000 sq m.
At the Hannover 2004 show seven months ago, there were 180,000
visitors and 5,040 exhibitors from 60 countries. Former Prime Minister
Tun Dr Mahathir Mohamad was said to have spent three days at the fair.
Malaysian companies need to fork out RM20,000 to lease a minimum space
of 9 sq m. The space, however, will be subsidised by the FMM at a
nominal rate.
The Hannover fair is the world’s largest industrial technology
exhibition.
The top 10 participating countries include Italy, China, Switzerland,
France, the UK, Spain, the US, the Netherlands and Turkey.
Eleven trade shows in eight halls will run concurrently at Hannover
2005 at a single central meeting place.Two new halls will be added, namely for the subcontracting and energy
segment.
The sectors showcased include factory automation, motion drive and
automation, digital factory, microtechnology, research and technology,
energy, compressed air and vacuum technology, surface technology
plus powder coating Europe, subcontracting and industrial service
and equipment.
The event in the past managed to rope in as many as 12 Malaysian
companies.
The low participation is due to the misconception by manufacturers
that participating in trade fairs is a one- off thing when in fact
such efforts need to be continuous
Nuplex acquires Akzo Nobel coating resins activities for EUR 110 M.
coatings.de
Nuplex is offering Akzo Nobel EUR 110 M for its coating resins
activities. As part of a restructuring programme Akzo Nobel has
recently sold its EUR 27 M turnover UV/EB resins activities to Cray
Valley of the Total group, its refinery catalysts activities to
Albemarle for EUR 625 M and its phosphorus derivatives activities to
Ripplewood for EUR 230 M. Akzo Nobel Coating Resins recorded EBITDA of
EUR 19 M on turnover of EUR 256 M during 2003. The deal will also
include Akzo Nobel interests in joint ventures in Thailand, Indonesia
and Vietnam. Nuplex recorded turnover of EUR 219 M for the financial
year ending in Jun 2004. Nuplex has production facilities in New
Zealand, Australia and Vietnam and has recently started production at
Leliu in the Chinese province of Guangdong.
Alcoa to Build New Anode Plant to Serve
Fjardaal in Iceland and Mosjoen in Norway
NEW YORK--(BUSINESS WIRE)--Nov. 16,
2004--Alcoa (NYSE:AA) today announced it will invest approximately
$284 million of the $314 million to build a new anode plant that will
be built in Mosjoen, Norway.
The facility, which will be built together with Elkem ASA, will
produce anodes for Alcoa's Fjardaal smelter in Iceland and the Mosjoen
smelter in Norway, which is 50% held by Alcoa and Elkem. In addition,
Alcoa owns 46% of the outstanding shares of Elkem. Construction of the
anode plant is expected to be completed by 2007, in time to supply
anodes for Alcoa Fjardaal, which will come on-line in 2007.
Construction is contingent on government approvals. Upon completion,
it is anticipated that the new anode facility will generate
approximately 80 new permanent jobs in Mosjoen, not including local
construction jobs.<more>
Public
hearing Tuesday for proposed hunt club, powder-coating business
11/29/2004
The Coconino County Planning and Zoning Commission will consider
granting conditional use permits to a powder coating business and a
hunt club at Tuesday's public hearing, slated for 5:30 p.m. at the
County Administrative Center, 219 E. Cherry.
At the site of the former Hyundai dealership at the corner of Burris
and Hwy. 89, Flagstaff Powder Coating/California Marine Supply hopes
to set up shop. The powder coating business currently operates on the
west side of Flagstaff, and California Marine Supply would purchase,
reassemble and resell electronic parts for the U.S. Navy.
The business would also include a retail surplus shop, selling
canteens, camouflage and other items.<more>
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