07.27.23
Osaka, Japan
www.kansai.com
PUBLIC COMPANY; YEAR ESTABLISHED: 1918
REVENUE: $ 3.63 billion s (2021: $3.11 billion)
MARKETS SERVED
Automotive coatings; Decorative coatings; Industrial coatings; Marine and Protective coatings
KEY EXECUTIVES:
Hiroshi Ishino, CEO; Kunishi Mori, president; board of directors: Masaru Tanaka, Koji Kamikado, Hidenori Furukawa, Jun Senoo, Shinji Asatsuma.
Operating in Japan, Europe, the U.S., Southeast Asia, India and China, Kansai Paint Co. Ltd. offers a broad range of coatings solutions for various markets, including automotive, decorative, industrial and marine coatings. It divides its business into automotive (26%), automotive refinish (5%) industrial (28%), decorative (27%), marine and protective (6%) and others (8%).
By region, Japan comprises 35% of sales, India 20%, Asia 17%, Africa 9%, Europe 17% and others 2%.
Kansai Paint operates three automotive paint plants from its headquarters in Osaka, Japan and is the leading supplier of automotive coatings to Toyota, Suzuki, Nissan, Honda, Peugeot and Renault worldwide.
The company employs 16,459 people. The company reported sales of $3.63 billion. Sales increased due to recovery from the COVID-19 impact last year, volume increase and price increases.
Overview of Financial Results
According to the company's 2002 Annual Report, during the fiscal period under review, the world economy observed a recovery trend reflecting the moderated impact of COVID19. However, the pace of the recovery decelerated due to the ongoing monetary tightening in many countries under the influence of the worldwide inflation, in addition to the restricted supply and a rise in the raw material prices amid geopolitical risks that became apparent. Under these circumstances, the Chinese economy has been sluggish due to temporarily stricter movement restrictions implemented in many regions due to the spread of COVID-19. In the United States and Europe, the economy continued to pick up gradually despite monetary tightening policies causing downward pressures on the economy. In other regions, the economy was on a recovery trend or showed signs of recovery. The Japanese economy, under the impact of high resource prices, sharp fluctuations in exchange rates, deceleration of the overseas economy and other factors, observed a recovery in line with the ongoing infection control and economic activities. The Group’s consolidated net sales for the period under review were up 21.4% year on year. Operating income up 6.6% year on year because of efforts to improve profits by passing on to selling prices the selling cost, which had increased as sales grew amid continued impact of soaring raw materials prices.
Beckers Announces Sale of Railway Coatings Business to Kansai Helios
Beckers Group announces that it has reached an agreement to sell its Railway Coatings business to Kansai Helios for an undisclosed sum. The asset purchase agreement for the sale of the railway coatings business of Beckers´ company Becker Industrie SAS, Montbrison (France) was signed on Dec. 9, 2022. After completion of closing conditions, Kansai Helios will acquire all business assets of Becker Industrie SAS in the Railway Coatings segment.
The transaction is an outcome of Beckers’ strategic review and part of the transformation of Beckers into a focused sustainable innovation-based leader. It allows Beckers to increase efficiency and reinvest into strategic core segments and new products.
As a part of this transaction, Kansai Helios will establish its first subsidiary in France, Kansai Helios France SAS. With this acquisition Kansai Helios will further strengthen its competitive position in the railway coatings sector in Europe and worldwide.
After closing the process, Kansai Helios France SAS will take over the relevant employees of Becker Industrie SAS in the Railway Coatings business and add further resources in order to ensure continuity of the professional service that customers are used to. The transaction is expected to close in the first quarter of 2023. Beckers will continue to serve its railway customers in India
and China.
“This is a strategic deal for both parties,” Christophe Sabas, Beckers Group CEO, said. “The Railway Coatings business will become an important part of Kansai Helios’ growth strategy, while Beckers will be able to put more energy and resources behind our strategic businesses and new developments. We are very pleased to sell the Railway business to Kansai Helios. Our committed Railway Coatings employees have been a much-appreciated part of Becker Industrie S.A.S. and I wish them the best of luck in the future. We know Kansai Helios well and I am confident that joining the Kansai Helios family will be good for those employees, customers and other stakeholders.
“For Kansai Helios, the Railway Coatings development and production has always been of great importance, and we have achieved a strong market position in recent years, being the largest producer of railway coatings in Europe with important brands such as Wefa, Rembrandtin and Helios,” added Dietmar Jost, executive director, Kansai Helios Group.
“Beckers’ innovative industrial coatings designed to protect railway vehicles products guarantee the highest quality and environmental protection,” Jost noted. “The purchase rounds off our portfolio perfectly. This business acquisition is a further step of Kansai Helios in the railway coatings segment, following our most recent asset acquisition and establishment of Kansai Helios Wefa in Essen, Germany. The Beckers Railway Coatings team is excellent and we are delighted that they have chosen the Kansai Helios team to continue to serve their valued existing and new customers in France and around the world."
www.kansai.com
PUBLIC COMPANY; YEAR ESTABLISHED: 1918
REVENUE: $ 3.63 billion s (2021: $3.11 billion)
MARKETS SERVED
Automotive coatings; Decorative coatings; Industrial coatings; Marine and Protective coatings
KEY EXECUTIVES:
Hiroshi Ishino, CEO; Kunishi Mori, president; board of directors: Masaru Tanaka, Koji Kamikado, Hidenori Furukawa, Jun Senoo, Shinji Asatsuma.
Operating in Japan, Europe, the U.S., Southeast Asia, India and China, Kansai Paint Co. Ltd. offers a broad range of coatings solutions for various markets, including automotive, decorative, industrial and marine coatings. It divides its business into automotive (26%), automotive refinish (5%) industrial (28%), decorative (27%), marine and protective (6%) and others (8%).
By region, Japan comprises 35% of sales, India 20%, Asia 17%, Africa 9%, Europe 17% and others 2%.
Kansai Paint operates three automotive paint plants from its headquarters in Osaka, Japan and is the leading supplier of automotive coatings to Toyota, Suzuki, Nissan, Honda, Peugeot and Renault worldwide.
The company employs 16,459 people. The company reported sales of $3.63 billion. Sales increased due to recovery from the COVID-19 impact last year, volume increase and price increases.
Overview of Financial Results
According to the company's 2002 Annual Report, during the fiscal period under review, the world economy observed a recovery trend reflecting the moderated impact of COVID19. However, the pace of the recovery decelerated due to the ongoing monetary tightening in many countries under the influence of the worldwide inflation, in addition to the restricted supply and a rise in the raw material prices amid geopolitical risks that became apparent. Under these circumstances, the Chinese economy has been sluggish due to temporarily stricter movement restrictions implemented in many regions due to the spread of COVID-19. In the United States and Europe, the economy continued to pick up gradually despite monetary tightening policies causing downward pressures on the economy. In other regions, the economy was on a recovery trend or showed signs of recovery. The Japanese economy, under the impact of high resource prices, sharp fluctuations in exchange rates, deceleration of the overseas economy and other factors, observed a recovery in line with the ongoing infection control and economic activities. The Group’s consolidated net sales for the period under review were up 21.4% year on year. Operating income up 6.6% year on year because of efforts to improve profits by passing on to selling prices the selling cost, which had increased as sales grew amid continued impact of soaring raw materials prices.
Beckers Announces Sale of Railway Coatings Business to Kansai Helios
Beckers Group announces that it has reached an agreement to sell its Railway Coatings business to Kansai Helios for an undisclosed sum. The asset purchase agreement for the sale of the railway coatings business of Beckers´ company Becker Industrie SAS, Montbrison (France) was signed on Dec. 9, 2022. After completion of closing conditions, Kansai Helios will acquire all business assets of Becker Industrie SAS in the Railway Coatings segment.
The transaction is an outcome of Beckers’ strategic review and part of the transformation of Beckers into a focused sustainable innovation-based leader. It allows Beckers to increase efficiency and reinvest into strategic core segments and new products.
As a part of this transaction, Kansai Helios will establish its first subsidiary in France, Kansai Helios France SAS. With this acquisition Kansai Helios will further strengthen its competitive position in the railway coatings sector in Europe and worldwide.
After closing the process, Kansai Helios France SAS will take over the relevant employees of Becker Industrie SAS in the Railway Coatings business and add further resources in order to ensure continuity of the professional service that customers are used to. The transaction is expected to close in the first quarter of 2023. Beckers will continue to serve its railway customers in India
and China.
“This is a strategic deal for both parties,” Christophe Sabas, Beckers Group CEO, said. “The Railway Coatings business will become an important part of Kansai Helios’ growth strategy, while Beckers will be able to put more energy and resources behind our strategic businesses and new developments. We are very pleased to sell the Railway business to Kansai Helios. Our committed Railway Coatings employees have been a much-appreciated part of Becker Industrie S.A.S. and I wish them the best of luck in the future. We know Kansai Helios well and I am confident that joining the Kansai Helios family will be good for those employees, customers and other stakeholders.
“For Kansai Helios, the Railway Coatings development and production has always been of great importance, and we have achieved a strong market position in recent years, being the largest producer of railway coatings in Europe with important brands such as Wefa, Rembrandtin and Helios,” added Dietmar Jost, executive director, Kansai Helios Group.
“Beckers’ innovative industrial coatings designed to protect railway vehicles products guarantee the highest quality and environmental protection,” Jost noted. “The purchase rounds off our portfolio perfectly. This business acquisition is a further step of Kansai Helios in the railway coatings segment, following our most recent asset acquisition and establishment of Kansai Helios Wefa in Essen, Germany. The Beckers Railway Coatings team is excellent and we are delighted that they have chosen the Kansai Helios team to continue to serve their valued existing and new customers in France and around the world."