AkzoNobel to optimize coil coatings activities in Europe and Russia.
The company intends to improve operational performance by focusing all European manufacturing for the Coil Coatings business on plants in Malmo (Sweden), Lipetsk (Russia) and Hilden (Germany). As a result of these plans, production at sites in Gamleby (Sweden) and Nurnberg (Germany) would end by June 2015.
"By focusing production on strategic sites that are close to our customers and manufacture products for more than one business, we will create a more efficient footprint and establish a more sustainable platform for future growth," said Conrad Keijzer, AkzoNobel's executive committee member responsible for Performance Coatings.
The transfer is scheduled to start in early 2014. Current manufacturing at Gamleby will move to Malmo and Lipetsk, while production at Nurnberg will switch to Hilden.
Approximately 280 employees will be affected, with the company planning to transfer and hire additional people in Hilden, Malmo and Lipetsk. A centralized European development center will also be set up in Malmo.
"Operational excellence is a key priority and moving production to three strategic sites is a logical step which will ensure that we are better positioned to deliver leading performance and accelerate profitable growth," added AB Ghosh, managing director of AkzoNobel Industrial Coatings. "These improvements in our supply chain will also enable us to respond even faster to our customers."
AkzoNobel is a global leader in coil coating, which is a continuous and highly automated process for coating metal before fabrication. The products are mainly used for building components and infrastructure, as well as for consumer goods such as kitchen appliances.
Employees have been informed about the company's plans and discussions with the relevant works councils are already underway.
Valspar Foundation and NDSU Announce Coatings Scholarships and Student Research Program
The Valspar Corporation and North Dakota State University (NDSU) have announced two new scholarship programs to provide opportunities for students studying coatings and polymeric materials at NDSU. The Valspar Foundation will contribute $20,000 to support up to five graduate student scholarships and a new program for Summer Undergraduate Research Experience (SURE). The scholarship program is administered through the Department of Coatings and Polymeric Materials at NDSU and coordinated through NDSU's Development Foundation.
A selection committee consisting of NDSU professors and Valspar's technical leaders recently announced the first Valspar Graduate Scholars Program awards to Olena Kudina, Lviv, Ukraine; Casey Orgon, Bemidji, Minnesota, U.S.; Adlina Paramarta, Java, Indonesia; Andriy Popadyuk, Lviv, Ukraine; and Alison Rohly, Lino Lakes, Minnesota, U.S. Each graduate student will receive $3,000, supporting the students' studies at NDSU's Department of Coatings and Polymeric Materials for the 2014 academic year.
"These scholarships will further our relationship and build our pipeline of talent by supporting students to develop insights into fundamental performance drivers of coatings and polymers and provide them an experience associated with an industrial environment," said Cynthia Arnold, senior vice president and chief technology officer of Valspar. "Valspar and NDSU have a long history of technical collaboration. We recognize their deep technical expertise in many disciplines associated with coatings research."
"We appreciate Valspar's generous support and commitment to promote applied science and education in the fields of coatings and polymers," said Dean Webster, chair of the Department of Coatings and Polymeric Materials at NDSU. "Their contribution and engagement will allow us to provide more academic and career development opportunities for outstanding undergraduate and graduate students. It is planned that the scholars will visit Valspar during the spring semester to discuss their research projects and to find out more about Valspar and the coatings industry."
Many of Sherwin-Williams Coating Solutions Meet LEED v4 Green Building Standards
The LEED rating system recently experienced a significant overhaul. Specifiers and applicators are looking for coatings that meet the new LEED v4 requirements while delivering optimal performance. Sherwin-Williams manufactures coatings that meet the most stringent volatile organic compound (VOC) regulations while offering benefits such as excellent washability, maximum hide in fewer coats and even improved indoor air quality, according to the company.
Sherwin-Williams offers dozens of products that have achieved GREENGUARD Gold * certification which will satisfy LEED v4 while meeting performance, aesthetic and budget requirements. Sherwin-Williams products that have achieved GREENGUARD Gold certification include Emerald, Harmony, ProMar 200 Zero VOC and ProMar 400 Zero VOC interior paints; specialty coatings such as Loxon Acrylic Conditioner, Dry Erase Coating and Tuff Wall Texture Finish; primers including PrepRite ProBlock and Multi-Purpose Latex Primer; several high performance coatings in the Pro Industrial tine and value products, like Solo Paint, for interiors and exteriors.
Sherwin-Williams ColorCast Ecotoner colorants, which are used to tint all Sherwin-Williams latex and water-based paints, are GREENGUARD Gold certified and will not add to the VOC content of the paint when tinted. The colorants are packaged in PET plastic bottles made entirely of recycled plastic. Sherwin-Williams received the EPA Presidential Green Challenge Award for using recycled PET bottles to develop a new resin technology for coatings in 2012. This innovative technology eliminates millions of pounds of VOC emissions while supporting the recycling of multi-million pounds of PET every year.
Professionals can find resources for sustainable building projects at swspecs.com, including coating specifications, updated VOC regulations and certification guidelines, and a complete and continuously updated Green Programs and VOC Regulated Areas Reference Guide for Coatings.
* GREENGUARD Certified Products are certified to GREENGUARD standards for low chemical emissions into indoor air during product usage. For more information, visit ul.com/gg.
Dulux Paint Predicts Colorful Revival in Year Ahead
The Dulux brand has unveiled its 2014 paint trends forecast. The colorful palette is filled with rich, invigorating hues that represent renewal and refreshing change, according to the leading Canadian paint brand.
"After four economically-difficult years, people are starting to let out their collective breath and are ready for new beginnings, which is translating into a movement towards fresh and creative colors," said Martin Tustin-Fuchs, brand manager for Dulux paint. "As a result, we'll see novel shades and unexpected combinations of colors in the year ahead in all areas of home decor."
From delicate pastels paired with soft neutrals, to playful fusions of bold and bright tones, to sophisticated pairings of dramatic darks and elegant neutrals, the 2014 colors all have an element of renewed energy and vibrancy. For example, "reds are more tangy, oranges are more expressive, greens are more jeweled, and blues are more tropical," Tustin-Fuchs explained.
More specifically, here's what's trending in each color family.
Reds: The berry tones of the past few years are being replaced by vibrant reds with orange undertones. Think tomato red, a tangy attention-grabbing colour that pairs well with warm browns, spicy oranges and golden yellows. The new reds also work nicely with elegant darks, jewel tones and other bright tones. The top red pick of the Dulux brand for the year is Tender Rose (10YR 16/407).
Oranges: Terracotta and spice hues will be all the rage in the coming year, moving away from the melon and pink-orange tones of seasons past. Lively and expressive, the new oranges are both soothing and eclectic, warmed up with pastel pinks and greys, or cooled down with turquoise or dark blue. Oranges of 2014 -including Pagoda (60YR 36/468) from the Dulux brand--work particularly well on an accent wall.
Yellows: Trendy yellows for 2014 range from gentle pastels to cheery brights to antiqued golds, all exuding an air of warmth and optimism. Most popular will be a delicate, buttery yellow -such as May Yellow (50YY 75/254) from Dulux paint--that coordinates well with many of the year's stylish colours, including rusty oranges, muted neutrals and warm browns.
Greens: Building off the growing popularity of emerald and teal, the 2014 greens, such as Sea Isle (10GG 57/307) from Dulux paint, take their cue from lavish jewel tones. Leaning more towards blue than yellow, the hottest green shade for the year is cool mint. Playful yet delicate, this hue pairs well with more intense greens, as well as blue, pink, soft neutrals and pale khaki.
Blues: Oceanic blues will take centre stage in the blue family over the coming year. From deep Mediterranean Sea-like colours to tropical Caribbean tones and the airy, ethereal hues reminiscent of the earth's atmosphere, the new blues take on a natural dazzle. Used easily as a feature color or bold accent, the key blue from Dulux paint for 2014 is Huckleberry (70BB 10/275).
Violets: Purples will move in two different directions in 2014, towards both red-purples and blue-purples. Those with reddened undertones are vibrant and daring, while blue-tinged violets are soft, diluted and retreating. Popular Dulux paint purple choices for the year ahead are Deep Aubergine (13RR 06/179) and Picton (10RB 36/082).
AkzoNobel Selects Terra Technology's Multi-Enterprise Demand Sensing to Further Reduce Inventory
AkzoNobel has purchased Terra Technology's Multi-Enterprise Demand Sensing (MDS) to use point-of-sale data to reduce forecast error by an additional 25 percent. AkzoNobel is currently in the process of deploying Terra's Demand Sensing and Multi-Enterprise Inventory Optimization in Europe, the Middle East and Africa. The addition of MDS closely connects AkzoNobel's supply chain to the store shelf, allowing the company to make further gains in customer service and inventory reduction, according to the company.
"By implementing Terra's MDS, we can now use point-of-sale data to create value for AkzoNobel and our customers," said Alain Crottaz, EMEA planning director, AkzoNobel. "Using daily retailer data with demand sensing enables us to predict their orders. The ability to sense shifts in demand and quickly respond helps us meet our key goals of lowering stock while improving customer service."
MDS enhances Demand Sensing by making structured use of downstream data for every item in the supply chain to create accurate daily forecasts. The systematic use of this information is a new form of automated collaboration which lets manufacturers improve customer service and gain a competitive advantage without placing increased demands on retailers. The replenishment and inventory management efficiencies, which result from better demand visibility, free working capital and help capture new growth opportunities in volatile markets.
"AkzoNobel is the first chemical manufacturer to use Demand Sensing to improve supply chain planning and the first of our customers to go live with Multi-Enterprise Demand Sensing in Europe," said Robert F. Byrne, CEO of Terra Technology. "This initiative demonstrates AkzoNobel's leadership and strong commitment to serving its customers."
Sherwin-Williams To Become 'Official Automotive Paint Of NASCAR'
Sherwin-Williams Automotive Finishes will become The Official Automotive Paint of NASCAR.' The announcement complements recent news that in May 2013, The Sherwin-Williams Company signed a multi-year partnership designating the nation's largest specialty retailer of paint and painting supplies as the 'Official Paint of NASCAR.'
By adding the 'Official Paint of NASCAR' sponsorship in the automotive coatings category, Sherwin-Williams' Automotive Finishes division further expands its visibility as one of the leading product innovators and servicers to the collision repair and original equipment industries, the company reports Sherwin-Williams is the only direct distribution automotive paint manufacturer and provides service to its collision repair and OEM customers through nearly 200 company stores in the U.S. and Canada.
Daimler AG Gives Worldwide Approval of PPG's New Matte Clearcoats
PPG Automotive Refinish has received approval of its new matte clearcoats D8115 Matte and D8117 Semi-Gloss by Daimler AG for use on all Daimler matte-finished passenger cars worldwide. The new clearcoats use the unique PPG dual-clear repair process recently validated by Mercedes-Benz.
According to PPG, full-body matte clears have increased in popularity in recent years and have continually proven technically complex to repair in order to achieve the perfect level of matte effect, especially with black and other very dark colors. Minor damage has often had to be repaired by painting full panels in basecoat and clearcoat or by painting the entire side of the vehicle. PPG's dual-clear process allows the basecoat to be blended, significantly reducing the repair area and bringing the process back into more conventional dimensions.
Demonstrated to Daimler on a matte black bodyshell in Hilden, Germany, the dual-clear process uses a glossy clearcoat as the first coat, followed immediately by a second coat based on a blend of the two new clearcoats, D8115 and D8117. This process provides a match to the original color while maintaining an even level of matte finish across the repair area. The two new matte clearcoats were specially developed to provide the end user with the flexibility to blend the clearcoats together to achieve a perfect match to original matte finishes. This approach can be used on all colors to attain an effective repair and is a key step in the efficient repair process for darker colors such as Mercedes-Benz's Nachtschwarz black. PPG is first to market to recommend this process together with its market-leading matte clearcoats for repairing a wide range of gloss levels on matte and semimatte full-body colors.
"Matte finishes have increased in popularity with an increasing number of OEMs over the past few years, and it became clear to us that a special process would be needed to replicate the factory finish accurately," explained Ron Thomas, product platforms manager, EMEA. "The two new clearcoats were developed to provide the basis for the concept, and then in collaboration with Mercedes-Benz, the process was further developed to create a perfect result on darker colors and matte blacks. Renato Liano, front end evaluation manager at PPG, originally developed the dual-clear concept and followed up in close collaboration with Daimler AG to validate the overall process. This ultimately led to the approval from Mercedes-Benz, which is extremely pleased with the technical results."
Body shops will benefit greatly since the application and blending of the basecoat can still be carried out using existing processes, saving time and increasing efficiency over earlier methods. The process provides an accurate match on the most difficult full-body matte colors and creates an easier, more effective and efficient process for matching the original finish and bringing overall repair time in line with conventional repairs. It should also be noted that in North America D8115 and D8117 are national rule-compliant. For VOC containment areas, use a recommended PPG 2.1 VOC clearcoat with SLV4985 flattener.
Rhino Linings Acquires Advanced Coating Solutions
Rhino Linings Corporation, a leader in protective coatings and linings industry, has acquired Advanced Coating Solutions, a San Diego-based developer and manufacturer of waterborne, compliant coatings including epoxies, urethanes, stains, sealers and topcoats.
Prior to the acquisition, Advanced Coating Solutions was a supplier to Rhino Linings Corporation. The acquisition brings Advanced Coating Solutions' products and personnel in house, and gives them the resources necessary to focus on new product development based on technologies pioneered by the company.
"We've been a customer of Advanced Coating Solutions for years, and we see so much potential, not just in their current products but also in new products they want to commercialize," said Pierre Gagnon, president and CEO of Rhino Linings Corporation. "We saw an opportunity to help them reach their potential, and to play a role in bringing new products to market."
Rhino Linings will continue producing Advanced Coating Solutions' current commercial products which include water-based polyurethanes, acrylic coatings and water-based acrylic emulsion coatings. As a result of Rhino Linings streamlined manufacturing process, scale of production, warehouse and logistics network, these products will be more price competitive in the market.
Employees will be relocated to the Rhino Linings San Diego headquarters, and production will be based in that facility. Additional terms of the acquisition were not released.
PPG Donates $55,000 to the Center of Science and Industry (COSI) for New Energy Explorers
Exhibition The PPG Industries Foundation has donated $50,000 to COSI, the Center of Science and Industry, located in Columbus, in support of its new Energy Explorers exhibition area, along with $5,000 to assist COSI in covering general programming expenses.
"PPG is a long-time supporter of COSI and STEM education partners and we are appreciative of that support," said David E. Chesebrough, Ed.D., president and CEO of COSI. "The additional funding has helped COSI enhance the Energy Explorers exhibition area, which engages visitors in hands-on activities demonstrating how individuals use energy and how their individual choices regarding energy impact the world around them."
PPG has supported COSI since 1992, providing $5,000 annually and an additional $50,000 in 2010 and again this year for two phases of COSI's energy exhibit work: Innovations in Energy, a temporary exhibition, and the Energy Explorers exhibition. Energy and Environment is one of four strategic areas of focus for COSI. Innovations in Energy focused on bridging the gap in public understanding about energy issues and the systems in which they live, while Energy Explorers focuses on consumer choices around home energy consumption, transportation, purchasing and products.
The new exhibition incorporates much of the content of the Innovations in Energy exhibition and engages visitors in activities about the impact of their choices by highlighting issues such as how energy is measured, energy systems and the grid, innovations in energy and technology, global energy use compared to the U.S. and current energy news. Overall, the project aims to motivate people to alter their behavior in ways that will lead to a more sustainable world and to increase awareness of STEM (science, technology, engineering and math) careers in the energy sector.
"PPG and the PPG Industries Foundation are strongly dedicated to supporting educational programs that impact communities where our employees work and live and that provide resources to help create a more sustainable world," said Sue Sloan, executive director, PPG Industries Foundation. "COSI's focus on educating the public about today's energy issues and the STEM-related careers in energy is of utmost importance to PPG, as we strive to create sustainable products and minimize our environmental footprint."
Professor Pierre Jacobs, KU Leuven receives Alwin Mittasch Special Prize
Professor Dr. Pierre Jacobs, KU Leuven (Belgium), has received the BASF-DECHEMA Alwin Mittasch Special Prize for his research into materials and their use as process catalysts. The award, which comes with [euro]10,000 in prize money, was presented at the "Future Loves History-100 Years of Ammonia Synthesis" scientific symposium at BASF in Ludwigshafen.
"Professor Jacobs has succeeded in a special way in spanning the bridge between basic research and industrial application," said Professor Rainer Diercks, president Petrochemicals BASF and chairman of DECHEMA. Initially focusing on zeolites and their use in catalysis, Pierre Jacobs gradually expanded his research activities to include other heterogeneous and homogeneous catalytic processes. Many of his research insights are now in industrial use. These include synthesis of g -butyrolactone from maleic acid anhydride, an important step in the manufacture of anti-dementia drugs, and side chain alkylation of alkyl-substituted anthraquinones, an intermediate step in industrial hydrogen peroxide production. His research areas also include catalytic processing of biomass.
DECHEMA confers the Alwin Mittasch Prize usually every three years. This year BASF sponsored a special prize to mark the 100th anniversary of the commissioning of the first ammonia plant in September 1913. "Without the enormous efforts of catalyst research, the Haber-Bosch process for ammonia production would never have been transferred to industrial scale and this world would be a different place," Dr. Peter Schuhmacher, president Process Research and Chemical Engineering said. "For that reason, it was a matter of great importance to us to present the award to someone who is continuing Alwin Mittasch's legacy."
BehrPro Enhances Web Enabled Business Program
BehrPro, the professional products and services group of Behr Process Corporation, strengthened its commitment to helping professionals grow sustainable businesses by announcing updates to its Web Enabled Business (WEB) service. WEB is a free program for pre-qualified professionals to create customized websites and expand their online presence. Registered BehrPro professionals now have access to new and enhanced features, including better search engine optimization (SEO), Google+ Local registration, paid search campaigns for Google AdWords and ready-to-customize direct mail templates to support offline marketing efforts. In addition, all websites created with the WEB program will be mobile compatible to ensure smart-phone and tablet visitors can access a visually appropriate version of the site.
"We launched an initial pilot WEB program last year because we knew the power of online marketing for small business owners could not be ignored, but that pros are starved for time and marketing dollars are often limited," said Lisa Kudukis, director of professional products and services at Behr Process Corporation. "We've taken the BehrPro WEB service one step further to give industry professionals a local marketing solution. The updates take advantage of SEO, incorporating social links, and providing Google+ Local registration to help pros get in front of their local customers when they are Web searching. We also expanded into paid search and direct mail channels to exponentially improve pros' ability to effectively market their services."
The WEB customization tool's intuitive, step-by-step process allows pros to create a comprehensive website, equipped with a project gallery, request-a-quote feature, and enhanced SEO--all fully customizable, without design or hosting fees. Furthermore, to help increase relevant site traffic, WEB now offers ready-to-subscribe paid search campaigns that target core audiences and increase online visibility. BehrPro WEB also includes professional direct mail templates with competitive pricing for printing and list rental for businesses seeking complementary offline marketing tactics.
"After WEB debuted, we listened to our users' feedback and dedicated time to enhancing the service and developing the industry's first suite of marketing tools that provides pros with the resources to invest in local, targeted promotional tactics," said Mika Carter, senior professional marketing manager, eBiz and channel at Behr Process Corporation. "The new features provide our pro customers with simplified access to leading online tools that will help their businesses thrive."
BASF Supports Typhoon Victims in Philippines
The Board of Executive Directors of BASF SE has decided to contribute [euro]300,000 to relief efforts in the Philippines. With funding from BASF, BASF Stiftung, a charitable foundation based in Germany, will support the disaster relief activities of two international agencies, the United Nations World Food Programme (WFP), and UNICEF, as immediate aid to victims of Typhoon Haiyan (also known as Typhoon Yolanda).
The donated funds will be used to deploy relief measures in the Philippines such as emergency food supplies, therapeutic food for children, health kits, water, and hygiene kits.
Dr. Martin Brudermuller, vice chairman of the Board of Executive Directors of BASF SE and responsible for the Asia Pacific region, said: "Following the devastating effects of Typhoon Haiyan, our thoughts are with the victims and their families. Fortunately, all employees of BASF and BASF sites in the Philippines are safe. We aim to support the recovery efforts in the Philippines through rapid relief measures. We also encourage our employees to show their concern through individual donations."
RELATED ARTICLE: BASF Supplies Superior Edge Protection for Rotor Blades
Wind turbines need to have a service life of 20 years in order to be economically efficient. BASF has now developed a robust paint that protects rotor blades even better, especially on the edges, according to the company. RELEST Wind LEP technology offers four times higher resistance than conventional solutions.
Wind turbine rotor blades are exposed to enormous stresses. At the blade tips, speeds can reach up to 300 kilometers per hour. Add to that the impacts of rain, hail, snow, sand and UV radiation. The rotor blade edges are most vulnerable to impacts. This is because the rotor blades--generally 40 to 60 meters long and in many cases even up to 90 meters long--consist of parts that have been joined together. The glued seam runs along the blade edge.
"To protect the edges from erosion, sand and water, we have developed the new product RELEST Wind LEP. This new generation of polyurethane coating protects this sensitive area of the rotor blade even better," explained Harald Muller, technology management for Post-Coatings at BASE.
Rain erosion resistance tests have demonstrated the paint's superior protective function. RELEST Wind LEP has achieved results that are up to four times better than conventional solutions currently available on the market. To test rain erosion resistance, BASF uses a rain erosion test apparatus at its Oldenburg site. The device supplies data that simulate reality. The test specimens rotate on special mounts in the testing stand and can reach speeds of 500 kilometers per hour. At this speed, water drops are introduced into the test stand (around 30 liters per hour) so that they hit the test specimens. This experimental design creates conditions that are very similar to those real rotor blades are subjected to.
Creating optimum protective properties and allowing easy application were both priorities during development. "The product has to fit our customers' individual needs. Rotor blade coating is performed in a variety of ways depending on the manufacturer, for instance, by hand with brushes, rollers or spraypainting. The paint can be used with all of these methods," Muller said. Other advantages of the paint include the fact that the product can be applied under a wide range of climate conditions and that despite the elasticity of the coating, it can be sanded, for example, for touch-up jobs.
Apart from edge protection, BASF offers other RELEST coatings for rotor blades. All parts of the system, which includes gelcoat, putty, edge protection and topcoat, consist of solvent-free, two-component polyurethane compounds and comply with current VOC regulations. With its RELEST Wind RepKit, BASF also offers refinish solutions for minor damage to the finish.
RELATED ARTICLE: Results of U.S. Architectural Coatings Industry Research Report Which Compared Business Trends in October 2013 vs. October 2012
Each month, Northcoast Research surveys a large sample of paint retailers throughout the United States to get a sense for current business trends. Please note that of the three primary architectural coatings channels (paint stores, home centers, and retail distributors), this survey is primarily reflective of the distributor channel which tends to see volume growth less than the industry; therefore, we view the results as a directional indicator more so than absolute industry volumes. For inquiries regarding this report please contact Kevin Hocevar at 216-468-6924 or email@example.com.
Architectural Coatings Sales--Volumes Up 1.9% in October vs. Last Year
According to industry participants, average sales volumes in October rose 1.9% year-over-year following slightly slower growth of 1.3% in September and momentum picked back up where it left off from the 2.5% in August. Following a slower September, momentum accelerated back to levels more commonly seen over the past couple of months as precipitation returned to more normal levels. Overall, 68% of respondents witnessed an increase in volumes vs. only 14% that saw volumes decline, which averaged out to 1.9% volume growth and a net increase of 54%.
Price of Paint from Suppliers--2013 Paint Prices Up Slightly vs. 2012
57% of contacts noted a year-over-year increase in the cost of a gallon of paint from suppliers in the month of October as our paint price index increased 1.4%. This compares to a year-over-year increase of 1.4% and 1.0% in September and August, respectively. Price increases issued by paint manufacturers in 2012 as a result of recovering raw material inflation are starting to anniversary and thus year-over-year price increases are becoming less pronounced--a trend that is likely to continue. We believe the trend of generally stable pricing will be sustained as 86% of respondents reported that there have been no price increase notifications issued from paint suppliers at this time.
Raw Materials--Ti02 Sees Slight Down-Tick in Pricing
Titanium dioxide (Ti02) prices have been stabilizing recently after witnessing sharp declines earlier in the year; however, our proprietary Ti02 index saw a slight price decrease recently as seasonal demand slows. Propylene prices were previously climbing, but have declined and stabilized since its peak in September. Ti02 manufacturers have recently issued price hike announcements although our data suggests these increases are not sticking. Overall, our research suggests that there is an emerging acceptance in the market for a moderate Ti02 price increase in 2014 but likely not until the end of the first quarter. Paint Inventory Levels--Inventory Levels Remain In Balance 90% of respondents stated that current paint inventory levels at their location are in-line with current business conditions and they are maintaining current levels of purchasing. Only 8% of contacts noted that current paint inventory levels are too low while the remaining 2% of participants revealed that paint inventory levels were too high in October. Overall, we believe that inventories are well-aligned with current demand levels.
3 Month Outlook--Outlook Positive with Sequential Improvemen
Our proprietary Architectural Coatings Outlook Index reached 0.57 for the month of October compared to a level of 0.35 in September. Please note that the highest possible reading is +2 (indicating all contacts have a "very positive" outlook) and the lowest possible reading is--2 (indicating all contacts have a "very negative" outlook. A reading of 0.57 is a positive translation as it represents an improved outlook from September which was in-line with August's robust reading of 0.57 and indicates that contacts within the industry maintain a favorable outlook that is growing and are generally in anticipation for business to improve from current levels.
|Printer friendly Cite/link Email Feedback|
|Title Annotation:||Fresh Paint|
|Article Type:||Company overview|
|Date:||Dec 1, 2013|
|Previous Article:||Reactive surfaces extends its patent portfolio in the middle east.|
|Next Article:||Daikin patents powder coating.|