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            [issue_title] => September 2019
            [slug] => 2019-09-01
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            [updated_at] => 2019-08-23
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    [primary_issue_slug] => 2019-09-01
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    [title] => Vink Chemicals Increases Production Capacity
    [short_title] => 
    [summary] => 
    [slug] => vink-chemicals-increases-production-capacity
    [body] => Vink Chemicals GmbH & Co. KG recently acquired ISP Biochema Schwaben GmbH in Memmingen (Bavaria).
 
Vink Chemicals generates around 95 percent of its sales from the production and sale of biocides.

“With the acquisition, we are reinforcing the core business and offering more flexibility and proximity to the customers," said David Zilm, chief marketing officer at Vink Chemicals.

Vink Chemicals will be producing from now on in Kakenstorf and Memmingen with both formulation locations boasting equivalent quality, specifications and manufacturing processes. [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-08-15 05:00:00 [updated_at] => 2019-08-27 15:02:20 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["315152","313856","310011","315735","317580","320468","312821","314982","317702","317758","317910","309886","315831","309132","318633"] [is_show_company_name] => [created_at] => 2019-08-14 10:51:02 [contentType] => ContentType Object ( [className] => ContentType [content] => Array ( ) [taxonomy] => Array ( ) [listURL] => [logoUrl] => https: [id] => 2487 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => content_types [tag] => breaking_news [short_tag] => breaking_news [class_name] => [display_view] => [list_view] => [slug] => breaking-news [box_view] => [ignore_flag] => 0 [image_id] => 0 [layout_id] => 0 [formattedTag] => Breaking News ) [viewURL] => /issues/2019-09-01/view_breaking-news/vink-chemicals-increases-production-capacity/ [relatedArticles] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 309132 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-04-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 184208 [primary_image_old] => [slider_image_id] => 184208 [banner_image] => 0 [title] => Evonik Agrees to Sell Methacrylates Biz to Advent International for €3 Billion [short_title] => [summary] => Expected to close in the third quarter of this year. [slug] => evonik-agrees-to-sell-methacrylates-biz-to-advent-international-for-3-billion [body] => Evonik signed an agreement to sell its Methacrylates business to Advent International for €3 billion. 
 
The selling price (enterprise value) is 8.5 times the business’ EBITDA. 
 
The transaction is subject to approval by the authorities in several countries and is expected to close in the third quarter of this year.

The Methacrylates business has 18 production sites and 3,900 employees worldwide. 
 
From 2016 to 2018, the business generated an average annual EBITDA of about €350 million and sales of about €1.8 billion per year. 
 
For 2019, Evonik expects sales and EBITDA at a similar level.

The transaction comprises the Methacrylates, Acrylic Products and CyPlus business lines, and some of the methacrylate resins activities. 
 
The net purchase price (equity value) can be calculated after deductions, made up primarily of pension obligations of around €500 million. 
 
Evonik will use the sale proceeds to strengthen its balance sheet and, above all, for targeted growth projects. 
 
That includes funding the purchase price of the US company PeroxyChem, which Evonik plans to close this year. 
 
In addition, some funds will be used to strengthen the present specialty chemicals portfolio, for example, by building a new polyamide 12 plant in Marl, Germany. These businesses generate an attractive margin and an above-average cash flow. 
 
Also in 2019 and even without the contribution from the Methacrylates business, Evonik will be able to cover the dividend payment out of its strong free cash flow.
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-03-05 08:41:00 [updated_at] => 2019-04-09 09:36:06 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["309977","301508","310314","303389","301843","309588","309359","309442","307141","309673","301286","300772","306777","308988","309509","304557","303963","305170","304556","300248","302592"] [is_show_company_name] => [created_at] => 2019-04-09 04:36:23 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 310011 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 184980 [primary_image_old] => [slider_image_id] => 184980 [banner_image] => 0 [title] => ALTANA Reports Sales Growth [short_title] => [summary] => [slug] => altana-reports-sales-growth [body] => In the 2018 fiscal year, ALTANA remained on the growth path in a difficult market environment. 
 
Sales rose by three percent to €2,307 million. Adjusted for acquisition and exchange-rate effects, sales increased by four percent.

The 2018 fiscal year was characterized by varying dynamics. In the first half of the year, ALTANA continued its dynamic growth, which was accompanied by an appealing margin development despite rising raw materials prices. But in the second half of the year, the demand in important user markets, including the automotive industry, was significantly more subdued. At the same time, accelerated raw materials price increases led to high margin pressure.

Due to declining contribution margins, earnings before interest, taxes, depreciation and amortization (EBITDA) were down by eight percent from the high level of the previous year to €431 million. At 18.7 percent, the EBITDA margin reached the target range of 18 to 20 percent again in 2018.

“Despite the challenging market environment, we achieved our ambitious sales targets. This shows that ALTANA is in a strong position with its consistent customer proximity as well as innovative products and technologies,” said Martin Babilas, CEO of ALTANA AG. “In order to ply a safe course even in troubled waters, we are continuing to make strong investments in the future. In doing so, we are focusing, in addition to research and development for our customers in our core business, increasingly on digitalization and new technologies.”

The largest division, BYK, increased its sales by three percent to €1,066 million. Adjusted for acquisition and exchange-rate effects, sales were up by four percent.

At ECKART, nominal sales decreased by one percent to €383 million. Adjusted for acquisition and exchange-rate effects, sales climbed by one percent.

With sales up by four percent (nominal and operating), the ELANTAS division achieved a sales volume of €507 million.

At ACTEGA, nominal sales grew by three percent to €353 million. Adjusted for acquisition and exchange-rate effects, the sales growth was twice as high (six percent).

The ALTANA Group’s regional sales distribution was balanced again in 2018. Europe accounted for 38 percent of sales, Asia for 33 percent, and the Americas for 27 percent. In 2018, Asia recorded once more the strongest sales growth. Nominal sales grew by 5 percent and operating sales growth was six percent. In China, the ALTANA Group’s largest single market in the region and its second- largest market in the world, nominal sales increased by six percent and operating sales by five percent.

In Europe, nominal sales were up three percent and, adjusted for acquisition and exchange-rate effects, two percent. On the American market, nominal sales remained the same as in the previous year, while operating sales showed a three percent increase. Nominal sales in the U.S., the ALTANA Group’s largest single market, remained at the same level as in the previous year. Adjusted for exchange- rate effects and acquisitions, sales were two percent higher.

In 2018, ALTANA again steadily expanded its research and development activities in all divisions. The company’s activities were characterized by initiatives in the field of application-oriented research, the marketing of innovative products, and the development of new technologies. In total, research and development expenditure increased significantly in 2018, by eight percent to €154 million.

The 2019 fiscal year is expected to remain challenging. ALTANA anticipates a weaker global economic performance. Sales volumes are thus expected to develop moderately, and operating sales growth should come in between one percent and five percent. The EBITDA margin should remain approximately on the level of the previous year and therefore within the strategic target range between 18 and
20 percent. However, sales and earnings development can be influenced by hard-to-predict exchange-rates changes and further global economic development.
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-03-15 08:44:00 [updated_at] => 2019-03-15 08:48:03 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["298947","302431","301150","305028","306177","307889","305100","309107","303382","307337","304978","299454","309037","302899"] [is_show_company_name] => [created_at] => 2019-04-09 04:36:23 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 315735 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2562 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 0 [primary_image_old] => [slider_image_id] => [banner_image] => 0 [title] => Sun Chemical to Increase Prices on Energy Curable Inks and Coatings, Solvent and Water Coatings [short_title] => [summary] => [slug] => sun-chemical-to-increase-prices-on-energy-curable-inks-and-coatings-solvent-and-water-coatings [body] =>

PARSIPPANY, N.J. – April 15, 2019 – Sun Chemical will increase the prices of its energy curable, solvent, and water coatings as well as energy curable inks in North America effective May 15, 2019.

A global shortage of photoinitiators will cause prices of energy curable coatings and energy curable inks to increase while cost escalations in energy and raw materials throughout the first quarter of 2019 will drive the need to increase the prices of solvent and water coatings.

“Government initiatives and regulations geared toward environmental protections have caused many suppliers of photoinitiators to either cease or reduce production for limited periods of time, resulting in an unprecedented increase in raw material costs and shortage of photoinitiators,” said Felipe Mellado, Chief Marketing Officer and Board Member, Sun Chemical. “The activities that occurred in 2018 have continued to affect supply of photoinitiators into 2019 and with the recent chemical plant explosion and fires at the Yancheng Industrial Park in China, we anticipate future escalations in the cost of raw materials for energy curable, publication, solvent and water inks. We will continue to monitor the dynamics in China to safeguard supply and search for viable alternative technologies, however, we anticipate the need to pass any raw material increases through to the market via future additional price actions across our portfolio of technologies.”

About Sun Chemical 
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world.

Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at sunchemical.com.

[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-04-15 10:05:00 [updated_at] => 2019-06-06 10:06:19 [last_updated_author] => 348682 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["305106","315738","315741","310200","307150","309268","310822","315742","304905","306462","310205"] [is_show_company_name] => [created_at] => 2019-06-06 09:59:16 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 312821 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 187193 [primary_image_old] => [slider_image_id] => 187193 [banner_image] => 0 [title] => Behr Paint Offering $10,000 for 'Color Lover' to Travel, Name New Paint Colors [short_title] => [summary] => [slug] => behr-paint-offering-10000-for-color-lover-to-travel-name-new-paint-colors [body] =>
Behr Paint is offering one creative candidate the chance to serve as the brand’s first-ever Behr Color Explorer. The paint brand is seeking bright and vibrant applicants who are open to adventure, have a passion for unearthing new hues and fresh color schemes, and keep their finger on the pulse of the latest trends. 
 
Their objective? Travel across the U.S. and Canada to source inspiration from colorful destinations, wild and whimsical adventures and bold events, which they will use to create and name new, real Behr paint colors. The Behr Color Explorer will not only receive a $10,000 stipend but also pre-paid flights, lodging and experiences throughout their colorful pursuit.
 
“People are fascinated by the paint color-naming process. It requires a lot of time and creativity because each name tells a microstory about the specific shade,” said Erika Woelfel, VP of color and creative services at Behr Paint. “Our color experts travel the globe tracking down emerging color trends, and we’re excited to give our Behr Color Explorer a glimpse into this process by sending them on a search for new, dynamic hues to add to Behr Paint’s color collection.”
 
The Behr Color Explorer will have the opportunity to kayak the glacial blues of Lake Louise in Banff, people-watch at a vibrant music festival, take in the bold exteriors of Charleston’s Rainbow Row and experience many more moments of positively pigmented wanderlust in between. After touring some of the U.S. and Canada’s most colorful locales, the Behr Color Explorer will be tasked with developing and naming new paint colors with the brand’s Color Marketing team at Behr's Orange County, Calif. headquarters.
 
“Just as much as we want our consumers to connect with Behr, we also want our brand to connect with consumers – and the Behr Color Explorer initiative does this,” said Jodi Allen, chief marketing officer at Behr Paint. “We’re not only giving the individual the tools and resources to find, experience and cultivate color but also showing them how to creatively think about each color they find and their stories from our brand’s perspective.”

The Behr Color Explorer’s responsibilities will include:
Applicants can visit behr.com/colorexplorer and tell Behr what color inspires them most and why, in 150 words or less, by May 15, 2019. 
 
Applicants must be at least 21 years of age and a resident of the continental U.S. or Canada, with a valid passport. The selected Behr Color Explorer will be notified on or around May 23, 2019.
 
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-04-24 09:38:00 [updated_at] => 2019-04-24 09:43:17 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["311651","303864","304904","301150","301405","304176","301408","301243","311745","307338","303337"] [is_show_company_name] => [created_at] => 2019-04-24 09:32:17 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 313856 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 188174 [primary_image_old] => 0 [slider_image_id] => 188174 [banner_image] => 0 [title] => Axalta Hires Brian Berube as SVP, General Counsel, Corporate Secretary [short_title] => [summary] => [slug] => axalta-hires-brian-berube-as-svp-general-counsel-corporate-secretary [body] => Axalta Coating Systems Ltd. announced that Brian Berube was named SVP, general counsel and corporate secretary, effective July 15, 2019. He will be responsible for all legal functions and will report directly to Axalta's CEO Robert Bryant.

"We are thrilled to welcome Brian to our leadership team," said Bryant. "He is a seasoned leader with good judgment and strong global experience in key areas essential to Axalta's plan for growth, namely M&A, intellectual property, and high value commercial matters. Brian will bring outstanding advocacy skills and a passion for the values that are so important to our company, including strong corporate governance and ethical leadership. I am confident that Brian will be an asset to Axalta as we continue to differentiate ourselves in the dynamic coatings industry and drive our long-term growth strategies."

Berube will join Axalta after 25 years with Cabot Corporation, where he held roles of increasing responsibility. Currently, he is SVP and general counsel, responsible for all legal affairs, including corporate matters, mergers and acquisitions, compliance, contracts, intellectual property, corporate governance, securities, litigation, environmental and employment matters. 

"I am honored to join Axalta at such a dynamic time for the company and the industry," said Berube. "I look forward to helping Axalta continue to grow its core business, organically and through M&A, and evolve its presence around the world, while protecting our IP and advocating for our shared values. The leadership of Axalta is strong, and I am looking forward to joining the team." [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-05-08 09:20:00 [updated_at] => 2019-05-08 09:55:33 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["308469","303336","304723","311259","302274","311615","310977","313357","312787","313063","304054","312221","304053","304724","307306","302795","302437"] [is_show_company_name] => [created_at] => 2019-05-08 09:14:25 ) ) [relatedContent] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 309132 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-04-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 184208 [primary_image_old] => [slider_image_id] => 184208 [banner_image] => 0 [title] => Evonik Agrees to Sell Methacrylates Biz to Advent International for €3 Billion [short_title] => [summary] => Expected to close in the third quarter of this year. [slug] => evonik-agrees-to-sell-methacrylates-biz-to-advent-international-for-3-billion [body] => Evonik signed an agreement to sell its Methacrylates business to Advent International for €3 billion. 
 
The selling price (enterprise value) is 8.5 times the business’ EBITDA. 
 
The transaction is subject to approval by the authorities in several countries and is expected to close in the third quarter of this year.

The Methacrylates business has 18 production sites and 3,900 employees worldwide. 
 
From 2016 to 2018, the business generated an average annual EBITDA of about €350 million and sales of about €1.8 billion per year. 
 
For 2019, Evonik expects sales and EBITDA at a similar level.

The transaction comprises the Methacrylates, Acrylic Products and CyPlus business lines, and some of the methacrylate resins activities. 
 
The net purchase price (equity value) can be calculated after deductions, made up primarily of pension obligations of around €500 million. 
 
Evonik will use the sale proceeds to strengthen its balance sheet and, above all, for targeted growth projects. 
 
That includes funding the purchase price of the US company PeroxyChem, which Evonik plans to close this year. 
 
In addition, some funds will be used to strengthen the present specialty chemicals portfolio, for example, by building a new polyamide 12 plant in Marl, Germany. These businesses generate an attractive margin and an above-average cash flow. 
 
Also in 2019 and even without the contribution from the Methacrylates business, Evonik will be able to cover the dividend payment out of its strong free cash flow.
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-03-05 08:41:00 [updated_at] => 2019-04-09 09:36:06 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["309977","301508","310314","303389","301843","309588","309359","309442","307141","309673","301286","300772","306777","308988","309509","304557","303963","305170","304556","300248","302592"] [is_show_company_name] => [created_at] => 2019-04-09 04:36:23 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 310011 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 184980 [primary_image_old] => [slider_image_id] => 184980 [banner_image] => 0 [title] => ALTANA Reports Sales Growth [short_title] => [summary] => [slug] => altana-reports-sales-growth [body] => In the 2018 fiscal year, ALTANA remained on the growth path in a difficult market environment. 
 
Sales rose by three percent to €2,307 million. Adjusted for acquisition and exchange-rate effects, sales increased by four percent.

The 2018 fiscal year was characterized by varying dynamics. In the first half of the year, ALTANA continued its dynamic growth, which was accompanied by an appealing margin development despite rising raw materials prices. But in the second half of the year, the demand in important user markets, including the automotive industry, was significantly more subdued. At the same time, accelerated raw materials price increases led to high margin pressure.

Due to declining contribution margins, earnings before interest, taxes, depreciation and amortization (EBITDA) were down by eight percent from the high level of the previous year to €431 million. At 18.7 percent, the EBITDA margin reached the target range of 18 to 20 percent again in 2018.

“Despite the challenging market environment, we achieved our ambitious sales targets. This shows that ALTANA is in a strong position with its consistent customer proximity as well as innovative products and technologies,” said Martin Babilas, CEO of ALTANA AG. “In order to ply a safe course even in troubled waters, we are continuing to make strong investments in the future. In doing so, we are focusing, in addition to research and development for our customers in our core business, increasingly on digitalization and new technologies.”

The largest division, BYK, increased its sales by three percent to €1,066 million. Adjusted for acquisition and exchange-rate effects, sales were up by four percent.

At ECKART, nominal sales decreased by one percent to €383 million. Adjusted for acquisition and exchange-rate effects, sales climbed by one percent.

With sales up by four percent (nominal and operating), the ELANTAS division achieved a sales volume of €507 million.

At ACTEGA, nominal sales grew by three percent to €353 million. Adjusted for acquisition and exchange-rate effects, the sales growth was twice as high (six percent).

The ALTANA Group’s regional sales distribution was balanced again in 2018. Europe accounted for 38 percent of sales, Asia for 33 percent, and the Americas for 27 percent. In 2018, Asia recorded once more the strongest sales growth. Nominal sales grew by 5 percent and operating sales growth was six percent. In China, the ALTANA Group’s largest single market in the region and its second- largest market in the world, nominal sales increased by six percent and operating sales by five percent.

In Europe, nominal sales were up three percent and, adjusted for acquisition and exchange-rate effects, two percent. On the American market, nominal sales remained the same as in the previous year, while operating sales showed a three percent increase. Nominal sales in the U.S., the ALTANA Group’s largest single market, remained at the same level as in the previous year. Adjusted for exchange- rate effects and acquisitions, sales were two percent higher.

In 2018, ALTANA again steadily expanded its research and development activities in all divisions. The company’s activities were characterized by initiatives in the field of application-oriented research, the marketing of innovative products, and the development of new technologies. In total, research and development expenditure increased significantly in 2018, by eight percent to €154 million.

The 2019 fiscal year is expected to remain challenging. ALTANA anticipates a weaker global economic performance. Sales volumes are thus expected to develop moderately, and operating sales growth should come in between one percent and five percent. The EBITDA margin should remain approximately on the level of the previous year and therefore within the strategic target range between 18 and
20 percent. However, sales and earnings development can be influenced by hard-to-predict exchange-rates changes and further global economic development.
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-03-15 08:44:00 [updated_at] => 2019-03-15 08:48:03 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["298947","302431","301150","305028","306177","307889","305100","309107","303382","307337","304978","299454","309037","302899"] [is_show_company_name] => [created_at] => 2019-04-09 04:36:23 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 315735 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2562 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 0 [primary_image_old] => [slider_image_id] => [banner_image] => 0 [title] => Sun Chemical to Increase Prices on Energy Curable Inks and Coatings, Solvent and Water Coatings [short_title] => [summary] => [slug] => sun-chemical-to-increase-prices-on-energy-curable-inks-and-coatings-solvent-and-water-coatings [body] =>

PARSIPPANY, N.J. – April 15, 2019 – Sun Chemical will increase the prices of its energy curable, solvent, and water coatings as well as energy curable inks in North America effective May 15, 2019.

A global shortage of photoinitiators will cause prices of energy curable coatings and energy curable inks to increase while cost escalations in energy and raw materials throughout the first quarter of 2019 will drive the need to increase the prices of solvent and water coatings.

“Government initiatives and regulations geared toward environmental protections have caused many suppliers of photoinitiators to either cease or reduce production for limited periods of time, resulting in an unprecedented increase in raw material costs and shortage of photoinitiators,” said Felipe Mellado, Chief Marketing Officer and Board Member, Sun Chemical. “The activities that occurred in 2018 have continued to affect supply of photoinitiators into 2019 and with the recent chemical plant explosion and fires at the Yancheng Industrial Park in China, we anticipate future escalations in the cost of raw materials for energy curable, publication, solvent and water inks. We will continue to monitor the dynamics in China to safeguard supply and search for viable alternative technologies, however, we anticipate the need to pass any raw material increases through to the market via future additional price actions across our portfolio of technologies.”

About Sun Chemical 
Sun Chemical, a member of the DIC group, is a leading producer of printing inks, coatings and supplies, pigments, polymers, liquid compounds, solid compounds, and application materials. Together with DIC, Sun Chemical has annual sales of more than $7.5 billion and over 20,000 employees supporting customers around the world.

Sun Chemical Corporation is a subsidiary of Sun Chemical Group Coöperatief U.A., the Netherlands, and is headquartered in Parsippany, New Jersey, U.S.A. For more information, please visit our Web site at sunchemical.com.

[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-04-15 10:05:00 [updated_at] => 2019-06-06 10:06:19 [last_updated_author] => 348682 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["305106","315738","315741","310200","307150","309268","310822","315742","304905","306462","310205"] [is_show_company_name] => [created_at] => 2019-06-06 09:59:16 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 312821 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 187193 [primary_image_old] => [slider_image_id] => 187193 [banner_image] => 0 [title] => Behr Paint Offering $10,000 for 'Color Lover' to Travel, Name New Paint Colors [short_title] => [summary] => [slug] => behr-paint-offering-10000-for-color-lover-to-travel-name-new-paint-colors [body] =>
Behr Paint is offering one creative candidate the chance to serve as the brand’s first-ever Behr Color Explorer. The paint brand is seeking bright and vibrant applicants who are open to adventure, have a passion for unearthing new hues and fresh color schemes, and keep their finger on the pulse of the latest trends. 
 
Their objective? Travel across the U.S. and Canada to source inspiration from colorful destinations, wild and whimsical adventures and bold events, which they will use to create and name new, real Behr paint colors. The Behr Color Explorer will not only receive a $10,000 stipend but also pre-paid flights, lodging and experiences throughout their colorful pursuit.
 
“People are fascinated by the paint color-naming process. It requires a lot of time and creativity because each name tells a microstory about the specific shade,” said Erika Woelfel, VP of color and creative services at Behr Paint. “Our color experts travel the globe tracking down emerging color trends, and we’re excited to give our Behr Color Explorer a glimpse into this process by sending them on a search for new, dynamic hues to add to Behr Paint’s color collection.”
 
The Behr Color Explorer will have the opportunity to kayak the glacial blues of Lake Louise in Banff, people-watch at a vibrant music festival, take in the bold exteriors of Charleston’s Rainbow Row and experience many more moments of positively pigmented wanderlust in between. After touring some of the U.S. and Canada’s most colorful locales, the Behr Color Explorer will be tasked with developing and naming new paint colors with the brand’s Color Marketing team at Behr's Orange County, Calif. headquarters.
 
“Just as much as we want our consumers to connect with Behr, we also want our brand to connect with consumers – and the Behr Color Explorer initiative does this,” said Jodi Allen, chief marketing officer at Behr Paint. “We’re not only giving the individual the tools and resources to find, experience and cultivate color but also showing them how to creatively think about each color they find and their stories from our brand’s perspective.”

The Behr Color Explorer’s responsibilities will include:
Applicants can visit behr.com/colorexplorer and tell Behr what color inspires them most and why, in 150 words or less, by May 15, 2019. 
 
Applicants must be at least 21 years of age and a resident of the continental U.S. or Canada, with a valid passport. The selected Behr Color Explorer will be notified on or around May 23, 2019.
 
[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-04-24 09:38:00 [updated_at] => 2019-04-24 09:43:17 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["311651","303864","304904","301150","301405","304176","301408","301243","311745","307338","303337"] [is_show_company_name] => [created_at] => 2019-04-24 09:32:17 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 313856 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => contents [content_type_id] => 2487 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 188174 [primary_image_old] => 0 [slider_image_id] => 188174 [banner_image] => 0 [title] => Axalta Hires Brian Berube as SVP, General Counsel, Corporate Secretary [short_title] => [summary] => [slug] => axalta-hires-brian-berube-as-svp-general-counsel-corporate-secretary [body] => Axalta Coating Systems Ltd. announced that Brian Berube was named SVP, general counsel and corporate secretary, effective July 15, 2019. He will be responsible for all legal functions and will report directly to Axalta's CEO Robert Bryant.

"We are thrilled to welcome Brian to our leadership team," said Bryant. "He is a seasoned leader with good judgment and strong global experience in key areas essential to Axalta's plan for growth, namely M&A, intellectual property, and high value commercial matters. Brian will bring outstanding advocacy skills and a passion for the values that are so important to our company, including strong corporate governance and ethical leadership. I am confident that Brian will be an asset to Axalta as we continue to differentiate ourselves in the dynamic coatings industry and drive our long-term growth strategies."

Berube will join Axalta after 25 years with Cabot Corporation, where he held roles of increasing responsibility. Currently, he is SVP and general counsel, responsible for all legal affairs, including corporate matters, mergers and acquisitions, compliance, contracts, intellectual property, corporate governance, securities, litigation, environmental and employment matters. 

"I am honored to join Axalta at such a dynamic time for the company and the industry," said Berube. "I look forward to helping Axalta continue to grow its core business, organically and through M&A, and evolve its presence around the world, while protecting our IP and advocating for our shared values. The leadership of Axalta is strong, and I am looking forward to joining the team." [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-05-08 09:20:00 [updated_at] => 2019-05-08 09:55:33 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["308469","303336","304723","311259","302274","311615","310977","313357","312787","313063","304054","312221","304053","304724","307306","302795","302437"] [is_show_company_name] => [created_at] => 2019-05-08 09:14:25 ) ) [contentTaxonomy_knowledge-center] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 7898 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [content_taxonomy_id] => 6676467 [slug] => additives--- [child_of] => 7895 [ignore_flag] => 0 [up2_tag] => Knowledge Center [up1_tag] => Raw Materials [taxonomy_tag] => Additives [up2_id] => 7875 [up1_id] => 7895 [taxonomy_id] => 7898 [depth] => 2 ) ) [relatedSearches] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 7898 [pageNumber] => [offset] => [totalPages] => [last_query] => [last_sql] => [show_errors] => 1 [databaseServer] => Array ( [key] => master [host] => 172.24.16.232 [user] => rodpub_beta [pass] => MvQQzhse92k58yA [db] => rodpub_beta ) [tableName] => taxonomy [content_taxonomy_id] => 6676467 [slug] => additives--- [child_of] => 7895 [ignore_flag] => 0 [up2_tag] => Knowledge Center [up1_tag] => Raw Materials [taxonomy_tag] => Additives [up2_id] => 7875 [up1_id] => 7895 [taxonomy_id] => 7898 [depth] => 2 ) ) [formattedTitle] => Vink Chemicals Increases Production Capacity [taxonomy_keywords] => Array ( ) )