MRC -- AkzoNobel supplies bio-based paint to KIA Motors for the inside of its new EV9 electric SUV, said cjmpany.
It is the first time the vehicle manufacturer has specified an interior bio-based coating. Two kinds of bio-rosin (rosin is a solid form of resin) have been used to create the product, one extracted from rapeseed, the other from pine rosin.
The paint can be found on the EV9's interior door switch panels, with AkzoNobel also supplying coatings for the rest of the interior. As well as obtaining 100% colour master approval, the bio-based paint being used on the EV9 also meets all of KIA Motors' requirements for both chemical and physical resistance (against suncream, air freshener, heat and scratches, for example).
We remind, AkzoNobel's net income surged to €189m in the third quarter, supported by a rebound in gross margins in both its core decorative paints and performance coatings businesses, said the company. Q3 revenue 4% down on unfavorable exchange rates. Decorative paints Q3 revenue down 3%, operating income up by 53%. Performance coatings Q3 revenue down 5%, operating income more than doubles to €245m from €98m in the same period of last year.