PPG announces PPG INNOVEL PRO technology

PPG announces PPG INNOVEL PRO technology
MOSCOW (MRC) -- PPG announced PPG INNOVEL PRO, an enhanced internal spray coating that uses no bisphenol-A (BPA) or bisphenol starting substances and provides more robust application properties for the infinitely recyclable aluminium beverage can, said the company.

PPG Innovel PRO is a next-generation, high-performance acrylic coating that draws on PPG Innovel's nearly 10 years as the market's most widely used non-BPA internal beverage spray coatings. The company estimates that PPG Innovel coatings have been used on more than 220 bn cans in more than 40 countries to date.

PPG Innovel PRO coating complies with all global food contact standards for consumer safety, and its improved application properties provide operational benefits for can plants around the world. Validated with the PPG SAFEASSURE protocol for safe food-contact coating development, PPG Innovel PRO coating reliably supports the ever-widening range of filling goods that beverage brands want to can.

It features a lower migration profile than standard epoxy and epoxy-mimic coatings, and all PPG Innovel internal spray coatings have achieved Platinum CRADLE-TO-CRADLE material health certification from the Cradle-to-Cradle Products Innovation Institute.

As per MRC, PPG announced that it will feature its recently acquired Vanberg Specialized Coatings line of agriculturally focused protective coatings and repair mortars at the World Pork Expo, June 8-10, 2022, at the Iowa State Fairgrounds in Des Moines. PPG added the Vanberg product portfolio as part of its acquisition of VersaFlex Inc. in February 2021. For 33 years, Vanberg coatings have provided long-lasting, cost-effective restoration and protection of concrete and metal surfaces in pork production facilities.
mrchub.com

AkzoNobel revenue up 14% despite impact of lockdowns in China

AkzoNobel revenue up 14% despite impact of lockdowns in China
MOSCOW (MRC) -- The Dutch paint producer AkzoNobel posted significantly higher sales in 2Q 2022 and lower profits than what analysts had anticipated because of high expenses, said the company.

The company, owns the brands Polycell, Cuprinol, and Dulux, generated sales of EUR 2.85 bn in 2Q 2022 against EUR 2.51 bn in 2Q 2021.

Analysts had only estimated sales at EUR 2.73 bn. On the other hand, net profit considerably dropped to only EUR 106 M from EUR 261 M in 2Q 2022. Analysts had expected more for this figure at EUR 177 M.

Adjusted EBITDA stood at EUR 337 M, which was also lower than the market estimate of EUR 356 M.

We remind, AkzoNobel bolsters its performance coatings portfolio after reaching an agreement to acquire the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH. Completion of which is subject to regulatory approvals, is expected before end-2022. Lankwitzer's Rims and Wheel business operates out of a manufacturing site in Leipzig, Germany. Its products are approved for use by car manufacturers such as Daimler, Audi, VW, Opel, Fiat and Renault.
mrchub.com

Evonik Coating Additives business expands production capacity in Taiwan

MOSCOW (MRC) -- Business line Coating Additives of Evonik Industries AG (Essen, Germany) is expanding production capacity of ACEMATT precipitated matting agents at its Taiwan manufacturing facility, said the company.

The significant capacity increase will help meet growing demand for matting agents in Asia, with the capacity expansion expected to be completed by the second half of 2023.

"Expanding the capacity of our leading matting agents in Taiwan further underscores our commitment to the growing markets of Asia. Add a new one and to all our regional and multinational customers,” says Maximilian Morin, Head of Industrial and Transport Coatings at Evonik Coating Additives. “We are constantly expanding our position as a truly global partner for our coatings customers, offering equally high quality products from manufacturing plants in different regions. At a time of increasing logistics challenges, such an investment will directly benefit our partners and customers around the world by further improving our global supply situation."

As per MRC, the Oil Additives business line of Evonik has restructured its distribution setup for its products in CIS countries, announcing ADCO as its new distribution partner. The lubricant additives business develops formulation solutions and base oil technologies that improve fuel economy and flow efficiency of automotive lubricants for passenger cars and commercial vehicles and increase energy efficiency and productivity of industrial lubricants for construction, mining, agricultural, and manufacturing equipment.

mrchub.com

MEGlobal nominates ACP for August at USD820 per tonne

MEGlobal nominates ACP for August at USD820 per tonne

MOSCOW (MRC) -- MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be USD820/MT CFR Asian main ports for arrival August 2022, said the company.

The August 2022 ACP reflects the short term supply/demand situation in the Asian market.

We remind, MEGlobal announced that its Asian Contract Price (ACP) for monoethylene glycol (MEG) will be US$910/MT CFR Asian main ports for arrival July 2022. The July 2022 ACP reflects the short term supply/demand situation in the Asian market.

MEGlobal is a fully integrated supplier of monoethylene glycol (MEG) and diethylene glycol (DEG), collectively known as ethylene glycol (EG).
mrchub.com

Berry Superfos makes best selling products available in rPET

Berry Superfos makes best selling products available in rPET

MOSCOW (MRC) -- Berry Superfos has launched some of its top-selling thermoformed and injection stretch blow moulded food packs manufactured in recycled PET (rPET), said Packagingnews.

RPET is now available in the following Berry Superfos thermoformed pots and containers ranges: CombiPac; CombiRound; SuperLight; Spoon-in-lid and DeliPac; and the company’s injection stretch blow moulded PET range.

Roland Lingman, director sales and marketing at Berry Superfos Nordic said: “In Europe, PET is one of the most commonly used types of plastic packaging material and, fortunately, also widely recycled. Its stiffness and high transparency are valuable assets. Plus, it has good barrier protection properties. All these qualities remain intact in our rPET packaging solutions, and therefore they are suitable for many different types of food products."

The introduction of the rPET containers ties in with Berry Global’s Impact 2025. One of the Impact 2025 targets is that 100% of the company’s fast-moving consumer products will be reusable, recyclable and/or compostable by 2025. The current total is 86%.

We remind, HPC Industries LLC and Macquarie Group's Commodities and Global Markets group (Macquarie) have formed a joint venture to produce recycled polyethylene terephthalate (rPET). Under the name Circularix, the venture's plans include building and operating five recycling facilities across the U.S. with a total annual production capacity of more than 275 million pounds of rPET resin. The first facility, located in Hatfield, PA, is expected to be operational by December 2022.
mrchub.com