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    [title] => Benjamin Moore Opens New Distribution Center in Lewisville, Texas
    [short_title] => 
    [summary] => 238,000-square-foot facility will support the paint manufacturer’s fast-growing expansion in the market.
    [slug] => benjamin-moore-opens-new-distribution-center-in-lewisville-texas
    [body] => Benjamin Moore opened a new distribution center in Lewisville, Texas.

The new 238,000-square-foot distribution center will accommodate expansion, enhance service and welcome new job opportunities in the Dallas-Fort Worth market.

“Upgrading our distribution center will allow us to not only increase local business but to support a thriving community through employment and business opportunities,” said Bill Johnson, Benjamin Moore senior VP, Supply Chain. “We are thrilled to continue to grow our presence in the Dallas-Fort Worth market as our new Lewisville distribution center is equipped to support expanded business throughout the area.”

Benjamin Moore previously operated in a 70,000-square-foot distribution center in Mesquite, Texas that will continue to serve as its manufacturing facility.

By increasing its warehouse presence by more than 168,000-square-feet, the new distribution center in Lewisville created 13 new jobs.

The facility is leased to Benjamin Moore by Cushman & Wakefield and is situated along East State Highway 121, in an area of Lewisville that includes a variety of distribution centers. [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-11-13 11:01:00 [updated_at] => 2020-02-14 10:32:44 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["324340","324208","324344","329294","324209","323128","326199","323686","320846","327946","326846"] [is_show_company_name] => [created_at] => 2019-11-13 11:01:52 [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/2020-02-01/view_breaking-news/benjamin-moore-opens-new-distribution-center-in-lewisville-texas/ [relatedArticles] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 320846 [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] => 2771 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-09-01 [author_name] => {"name":" Yogender Singh","title":"India, Asia-Pacific Correspondent"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 194686 [primary_image_old] => [slider_image_id] => 194686 [banner_image] => 0 [title] => The Paints and Coatings Industry in the Philippines [short_title] => [summary] => [slug] => the-paints-and-coatings-industry-in-the-philippines [body] => The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on manufacturing and services.

Though hitherto catered by domestic paints and coating producers, the country is witnessing a transition to higher value-added products and multinational paint producers.

Comprised of more than two dozen paint and coating producers, the Philippines paint and coating industry has registered a steady growth of more than six percent per annum in each of the previous five years.

The majority of these 25 producers have production plants based in and around Metro Manila and nearby provinces, as most of the construction and industrial activities in the country is centered in this region.

Pacific Paint (Boysen) Philippines, Inc., Davies, Charter Chemical and Coating Corp., United Paints, Inc., Asian Coatings Philippines, Inc., Nippon Paints and Jotun Philippines are the major paint and coating producers in the country.

Century Chemical Corp., FH Colors and Coatings, Globesco, Inc., H-Chem Industries, Inc., Mayon Industrial Corp., Roosevelt Chemical Industries, Inc., Super Globe, Inc., Sycwin Coating and Wires, Inc., Times Paint Corp. and Treasure Island Industrial Corporation belong to the medium-scale paints and coating producers in the country. 

With a population of more than 108 million at the end of 2018, the Philippines is one of the fastest-growing economies of the South East Asia region.

Paint and coating producers have reaped rich dividends of steady economic growth of recent years. The Gross Domestic Product (GDP) grew 6.2 percent in 2018, the slowest in three years, as high prices of basic commodities coupled with slower agriculture expansion tempered growth.

However, the World Bank  projects the GDP to grow 6.5 percent this year and by 6.6 percent in 2020 and 2021.

With a median age of 23 years and a very high degree of urbanization, the Philippines is expected to remain a very attractive market for domestic and multinational paint companies operating in the country for a number of years to come. 

Comprised of 7,200 islands, the Philippines can be geographically divided into three major divisions according to the concentration of paints and coating producers.

Luzon is the largest and northernmost grouping – home to the capital city Manila and most of the paint and coating production facilities.

Visayas in the central region has the booming city of Cebu, which is the next target area of country’s paint and coating producers. Mindanao, located in the Southwest is the Philippines agricultural hub. The region lacks many paint and coating production facilities. 

The Philippines paint and coating industry also has a number of weaknesses. The country has a prohibitive cost structure related to logistics, energy and raw materials, which are not available domestically.

The Philippines’ paint producers have low capacity utilization rates as compared to their counterparts in other nearby countries.
The country’s paint industry also suffers from low investment in technology upgrades.

Pacific Paint  (Boysen) Philippines

Pacific Paint (Boysen) Philippines is the largest paint and coating producer in the Philippines by a wide margin.

The company claims to have nearly 60 percent of the domestic market share (based on volume).

Founded in 1953 as a repacker of paint and lacquer thinners under the trade name Columbus, Pacific Paint (Boysen), the company produces architectural, industrial and marine coatings for the domestic market.

The company ventured into paint production in 1958. 

In 1960, Pacific Paint acquired the license to manufacture Boysen Paints in the Philippines from California-based company Walter N. Boysen. 

Over the next decade, Pacific Paint was able to capture the lion’s share of premium quality paint market in the Philippines – outselling all leading U.S. brand paints that also operated production facilities in the country. 

In 2000, Pacific Paint commissioned a fully integrated manufacturing facility just outside Metro Manila. This manufacturing plant is considered the biggest and most modern paint production facility in the country.

Pacific Paint has emerged as the largest paint and coating producer in the country over the years.

In 2017, the company recorded sales revenue of USD $280 million.

Jotun Phillipines Inc.

Jotun Inc. commenced commercial production at its plant in Batangas province in late 2017.

Located in the industrial area of Sto. Tomas, Batangas, the seven-hectare plant has an installed capacity to produce five million liters of paint per year to supply coating requirements for marine, protective and decorative segments.

In the Philippines, Jotun started through an agent in 1987 then became a branch office of Singapore operation in 2004.

Jotun Philippines Inc. became fully operational in 2011 with offices in Sucat, Paranaque and in Mandaue, Cebu.

In 2013, it made a decision to invest in a local production plant. Construction of the plant started in early 2016 and commercial production commenced in November 2017. 

“It’s high time for Jotun to open its own factory since it has been operating here for more than 30 years,” Jotun’s Chairman of the Board Odd Gleditsch D.Y. said during the production facility’s inaugurations. “The Philippines market is important for us because we see good growth prospects in the future especially with the steady increase of investments in business areas where Jotun is relevant such as infrastructure and energy.”

Nippon Paints Philippines Inc. 

Nippon Paints Philippines Inc. was established in 1976 in Manila.

With growing paint demands in the 1990s, the company set up a bigger plant in Cabuyao, Laguna, South of Manila in 1996 with an installed capacity of 30,000 TPA.

Cabuyao plant produces industrial paints for automotive, appliances, coils, motorcycles and other related industries.
The company also produces auto refinishes and varnishes.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-09-03 11:26:00 [updated_at] => 2019-08-23 11:32:54 [last_updated_author] => 142098 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["319739","319704","319451","317401","317354","317343","317340","317122","316854","316175","316148","315735","315156","314846","313818","313620","313606","311246","310713","309286","70695"] [is_show_company_name] => [created_at] => 2019-08-23 11:18:55 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 323128 [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] => 2550 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-10-01 [author_name] => {"name":"Charles W. Thurston","title":"Latin America Correspondent"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 196660 [primary_image_old] => [slider_image_id] => 196660 [banner_image] => 0 [title] => Mexico Boosts Oil & Gas CapEx and Maintenance Spending [short_title] => [summary] => The demand for new industrial coatings, as well as corrosion-control and other maintenance coatings, is expected to rise with the increased spending. [slug] => mexico-boosts-oil-gas-capex-and-maintenance-spending [body] => Mexico’s state oil company Petróleos de Mexico (Pemex) is planning massive increases in both capital expenditures and maintenance in an effort to increase oil production in the country. The company’s five-year plan from 2019 to 2024 includes a program to drill 500 wells, build over 100 offshore production platforms and install more than 4,000 kilometers or close to 2,500 miles of pipeline, the company said.

The resultant demand for new industrial coatings, as well as corrosion-control and other maintenance coatings, is expected to rise with the increased spending. Pemex reported gross sales of $84.5 billion in 2018. The company has fully integrated operations in oil and gas exploration and production, refining, distribution and retail marketing, and petrochemicals. The company is also a leading crude oil exporter, with about 60 percent of its crude production exported, primarily to the United States and Canada.

Among new infrastructure plans for Pemex is a new $8 billion refinery at the Gulf Coast port of Dos Bocas, Tabasco State, the home of Mexican President Andres Manuel Lopez Obrador. Operation is expected come 2022 and the refinery is expected to process up to 340,000 barrels per day (b/d) of heavy crude oil.

The refinery will be supplied by a raft of oil production units including 20 new onshore and shallow water fields this year, of which 12 will begin production in 2019, the company reported. Pemex produces nearly 90 percent of its crude production from mature fields, according to SPGlobal.com.

One new onshore production investment of $6.4 billion will be in massive Ixachi Field, in Vera Cruz State. The plant has a projected production level of 750 million cubic feet per day (MMcf/d) and 80,000 b/d of light crude and condensates.

Apart from the new refinery, Pemex plans to refurbish six existing refineries in an effort to boost production of both oil and downstream petrochemicals.

“This new refinery will significantly increase our national fuel offer, and the rehabilitation of the six refineries that today make up the National Refinery System will cover the growing demand from the Mexican economy,” Pemex CEO Octavio Romero Oropeza said in a company statement in May.

Total Pemex CapEx investments this year have been planned at $9 billion. An emphasis on offshore exploration and production, as well as onshore transportation and refining is hoped to boost annual production to 2.4 million barrels of oil per day by the end of the Obrador administration in 2024 from a current level of 1.7 million b/d.

“Exploration allows us to envision a scenario of increased production, and we are anticipating the development of 20 to 40 fields per year throughout this Administration’s term. This allows us to forecast, with a degree of certainty, that we will achieve our goal of increasing production over the coming years,” said Oropeza.

In addition to CapEx investments, Pemex will enhance maintenance in both the upstream and downstream businesses. The company plans to spend $5.9 billion on upstream maintenance this year, according to the company’s latest Form 20F report to the U.S. Securities and Exchange Commission. The 2019 spending represents a rise of over 25 percent from 2018 and roughly double what was spent on maintenance five years ago.

The new investment levels are designed to stabilize the country’s decade-long reduction in oil production and to help improve Pemex’ debt load of close to $100 billion. The government is also allowing Pemex a $6.7 billion tax break this year to help it adjust its finances for the new spending.

Pemex is the largest company in Mexico and is its largest contributor. The importance of Pemex to the future growth of the Mexico economy is cricital. In comparison, Mexico industrial production has been relatively flat this year.

“Mexico’s oil supply declined sharply in 2018 bringing the country to the brink of being a net oil importer as the share of gas in the energy mix grew further,” British Petroleum reported. With the expected recovery of Pemex, the government forecasts 2020 economic growth of between 1.5 percent and 2.5 percent of the $1.3 trillion gross domestic product.

Credit risk analysts have not been sanguine about Pemex plans to accelerate spending. Fitch Ratings reported in August that “Pemex would require $5.5 billion of external funding during second-half 2019 to satisfy budgeted CapEx.” Nonetheless, additional foreign direct investment is expected the government to operate without tapping Pemex coffers as heavily. Foreign direct investment in Mexico rose 1.5 percent in the first half of the year to $18.1 billion, according to preliminary figures from the Secretaría de Economía.

In June, Fitch downgraded Pemex Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to BB+ from BBB-, with a negative outlook. “The downgrade of Mexico’s IDRs reflects a combination of the increased risk to the sovereign’s public finances from Pemex’s deteriorating credit profile together with ongoing weakness in the macroeconomic outlook, which is exacerbated by external threats from trade tensions, some domestic policy uncertainty and ongoing fiscal constraints,” Fitch opined.

One paint and coatings supplier that should gain from the increased Pemex spending is PPG’s Comex unit, which operates its Comex Industrial Coatings production facility in Tlalnepantla, in México State. Comex produces an average of 1.3 million liters (about 343,000 gallons) of paint and up to 1.5 million liters (396,000 gallons) during high demand, the company reports.

In April, Comex opened a new $8.8 million distribution center in Guadalajara, Mexico State, that enables the company to fulfill orders from its stores in Mexico within 24 hours, the company said in a statement. The center serves more than 600 stores in the western states of Jalisco, Nayarit, Colima, Aguascalientes, Zacatecas, Sinaloa, Michoacán and San Luis Potosí. Guadalajara is Mexico’s third-largest economic hub and a strategic location in PPG’s supply chain, the company said.

AkzoNobel, Axalta and Henkel are among other major paint and coatings manufacturers with a substantial presence in Mexico.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-09-30 14:04:00 [updated_at] => 2019-09-25 14:09:02 [last_updated_author] => 142098 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["323066","322096","322015","320619","320403","318602","317970","317335","317203","317172","316604","316480","315958","315663","315433","315018","314206","313691","312578","312146","311615","311259"] [is_show_company_name] => [created_at] => 2019-09-25 13:57:16 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 323686 [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] => 2019-11-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197165 [primary_image_old] => [slider_image_id] => 197165 [banner_image] => 0 [title] => PPG Completes COLORFUL COMMUNITIES Project at Vila Neópolis School [short_title] => [summary] => The project brought together more than 40 PPG volunteers. [slug] => ppg-completes-colorful-communities-project-at-vila-neopolis-school [body] => PPG completed a COLORFUL COMMUNITIES project in Gravataí, Rio Grande do Sul, that helped revitalize the Vila Neopolis School. The project brought together more than 40 PPG volunteers who spent a day beautifying the sports court, grandstand, hallways, playground and classrooms, attended by nearly 800 students from elementary school.

PPG provided more than 370 gallons (1,400 liters) of RENNER paint and all painting materials for the project.

The Colorful Communities program provides PPG volunteers and products to bring color and vitality to Communities where the company operates around the world, such as in Gravataí, where PPG has a manufacturing facility for its architectural coatings products, including Renner paint.

“We know how color can instantly transform a space in a positive way,” said Marcio Grossmann, PPG president, Latin America south. “Through the Colorful Communities initiative, PPG has been able to bring to life our mission, and bring color and brilliance to communities where we operate.”

Volunteers painted the facility’s common rooms in a color palette that included red, orange, green, blue and yellow hues. These colors were chosen to create a welcoming and bright space for the students and school employees.

In a recent survey, PPG confirmed the positive impact color can have on learning environments, serving as a catalyst for student engagement, happiness and empowerment. Nearly 900 U.S. teachers, parents and educational administrators responded to the online survey, with 97 percent of respondents saying colors and decor have a positive impact on student engagement.

“We believe that paint colors are a powerful tool that can influence emotions and the experience in an environment,” said Grossman. “This is very important in schools, as it can help stimulate learning and the creative development of children and adults.”

This is the ninth Colorful Communities project in Brazil since the program’s launch in 2015 and the second project in 2019. In the São Paulo state, Colorful Communities projects have helped revitalize the Municipal Early Child Education School Alfredo Castro Donaire, the Volcano Project, the Wadih Jorge Maluf School in Sumaré and the Casa Nazaré in Jundiaí. The Centro de Integração da Criança Especial (Center for the Integration of the Special Children), Instituto do Câncer Infantil (Child Cancer Institute) and the Public School José Maurício in Porto Alegre were also recipients of Colorful Communities projects. In São José dos Pinhais, Paraná, the Lourdes Bonin School gained more color and brightness through the initiative.

[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-03 10:24:00 [updated_at] => 2019-11-05 13:24:10 [last_updated_author] => 228513 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317098","322845","321270","317398","322851","319676","323306","316716","324319","325437","314226","315167","319137","321634","318232","316717","322498","324139","320184"] [is_show_company_name] => [created_at] => 2019-10-03 10:17:21 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 324208 [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] => 2020-01-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197718 [primary_image_old] => [slider_image_id] => 197718 [banner_image] => 0 [title] => Benjamin Moore Welcomes New Decade with 2020 Color of the Year [short_title] => [summary] => First Light 2102-70 is described as a soft, rosy hue blooming with potential. [slug] => benjamin-moore-welcomes-new-decade-with-2020-color-of-the-year [body] => Benjamin Moore revealed its Color of the Year 2020 as First Light 2102-70 – a soft, rosy hue blooming with potential.

With a new decade on the horizon, the company took a fresh approach to mark this milestone.

An approach that both embraces and transcends color to re-examine the concept of the home as we know it while exploring how it will continue to evolve over the next 10 years. With celebrations in both New York City and Toronto, this moment drew leading interior designers, architects, painting contractors, media and influencers to experience the unveiling.

“We selected First Light 2102-70 as our Color of the Year 2020 to represent a new dawn of idealism, design and living,” said Andrea Magno, Benjamin Moore director of Color Marketing and Development. "First Light 2102-70 reflects a new definition of the home – a shift in mindset from the material to satisfying the core needs in life: community, comfort, security, self-expression, authenticity and ultimately, optimism.”

This modern definition of dwelling replaces long-standing post-war ideals, shining light on a new era of design rooted in fluidity for the multigenerational, multifunctional and different states of mind now found under one roof. Ten harmonious hues have been selected to guide us into the next 10 years and beyond, the Benjamin Moore Color Trends 2020 palette features: “The Color Trends 2020 palette plays an integral role in supporting these core human ideals,” said Magno. “Color is powerful but highly subjective, especially through the lens of different generations, relationships and moods. But from the saturated to bright and airy, all are easy to live with and easy to love – whether they stand alone, in a strong pair, or all cohabitate.” [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-11 10:08:00 [updated_at] => 2020-01-15 10:39:30 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["324340","326353","324344","329294","324209","320470","321895","321893","323340","321719","327677","323909","320921"] [is_show_company_name] => [created_at] => 2019-10-11 10:01:14 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 324209 [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] => 2698 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197727 [primary_image_old] => 0 [slider_image_id] => 197729 [banner_image] => 0 [title] => Benjamin Moore Unveils 2020 Color of the Year in NYC [short_title] => [summary] => [slug] => benjamin-moore-unveils-2020-color-of-the-year-in-nyc [body] => To read more about Benjamin Moore's 2020 Color of the Year, click here.


SEE VIDEO HERE: Andrea Magno, director of Color Marketing and Development discusses the inspiration behind First Light.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-11 10:08:00 [updated_at] => 2019-10-14 15:05:32 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317350","324340","318167","324208","324344","313625","317163","318033","317055","320470","321895","321893"] [is_show_company_name] => [created_at] => 2019-10-11 10:01:18 ) ) [relatedContent] => Array ( [0] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 320846 [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] => 2771 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-09-01 [author_name] => {"name":" Yogender Singh","title":"India, Asia-Pacific Correspondent"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 194686 [primary_image_old] => [slider_image_id] => 194686 [banner_image] => 0 [title] => The Paints and Coatings Industry in the Philippines [short_title] => [summary] => [slug] => the-paints-and-coatings-industry-in-the-philippines [body] => The Philippines is primarily considered a newly industrialized country, which has an economy in transition from one based on agriculture to one based more on manufacturing and services.

Though hitherto catered by domestic paints and coating producers, the country is witnessing a transition to higher value-added products and multinational paint producers.

Comprised of more than two dozen paint and coating producers, the Philippines paint and coating industry has registered a steady growth of more than six percent per annum in each of the previous five years.

The majority of these 25 producers have production plants based in and around Metro Manila and nearby provinces, as most of the construction and industrial activities in the country is centered in this region.

Pacific Paint (Boysen) Philippines, Inc., Davies, Charter Chemical and Coating Corp., United Paints, Inc., Asian Coatings Philippines, Inc., Nippon Paints and Jotun Philippines are the major paint and coating producers in the country.

Century Chemical Corp., FH Colors and Coatings, Globesco, Inc., H-Chem Industries, Inc., Mayon Industrial Corp., Roosevelt Chemical Industries, Inc., Super Globe, Inc., Sycwin Coating and Wires, Inc., Times Paint Corp. and Treasure Island Industrial Corporation belong to the medium-scale paints and coating producers in the country. 

With a population of more than 108 million at the end of 2018, the Philippines is one of the fastest-growing economies of the South East Asia region.

Paint and coating producers have reaped rich dividends of steady economic growth of recent years. The Gross Domestic Product (GDP) grew 6.2 percent in 2018, the slowest in three years, as high prices of basic commodities coupled with slower agriculture expansion tempered growth.

However, the World Bank  projects the GDP to grow 6.5 percent this year and by 6.6 percent in 2020 and 2021.

With a median age of 23 years and a very high degree of urbanization, the Philippines is expected to remain a very attractive market for domestic and multinational paint companies operating in the country for a number of years to come. 

Comprised of 7,200 islands, the Philippines can be geographically divided into three major divisions according to the concentration of paints and coating producers.

Luzon is the largest and northernmost grouping – home to the capital city Manila and most of the paint and coating production facilities.

Visayas in the central region has the booming city of Cebu, which is the next target area of country’s paint and coating producers. Mindanao, located in the Southwest is the Philippines agricultural hub. The region lacks many paint and coating production facilities. 

The Philippines paint and coating industry also has a number of weaknesses. The country has a prohibitive cost structure related to logistics, energy and raw materials, which are not available domestically.

The Philippines’ paint producers have low capacity utilization rates as compared to their counterparts in other nearby countries.
The country’s paint industry also suffers from low investment in technology upgrades.

Pacific Paint  (Boysen) Philippines

Pacific Paint (Boysen) Philippines is the largest paint and coating producer in the Philippines by a wide margin.

The company claims to have nearly 60 percent of the domestic market share (based on volume).

Founded in 1953 as a repacker of paint and lacquer thinners under the trade name Columbus, Pacific Paint (Boysen), the company produces architectural, industrial and marine coatings for the domestic market.

The company ventured into paint production in 1958. 

In 1960, Pacific Paint acquired the license to manufacture Boysen Paints in the Philippines from California-based company Walter N. Boysen. 

Over the next decade, Pacific Paint was able to capture the lion’s share of premium quality paint market in the Philippines – outselling all leading U.S. brand paints that also operated production facilities in the country. 

In 2000, Pacific Paint commissioned a fully integrated manufacturing facility just outside Metro Manila. This manufacturing plant is considered the biggest and most modern paint production facility in the country.

Pacific Paint has emerged as the largest paint and coating producer in the country over the years.

In 2017, the company recorded sales revenue of USD $280 million.

Jotun Phillipines Inc.

Jotun Inc. commenced commercial production at its plant in Batangas province in late 2017.

Located in the industrial area of Sto. Tomas, Batangas, the seven-hectare plant has an installed capacity to produce five million liters of paint per year to supply coating requirements for marine, protective and decorative segments.

In the Philippines, Jotun started through an agent in 1987 then became a branch office of Singapore operation in 2004.

Jotun Philippines Inc. became fully operational in 2011 with offices in Sucat, Paranaque and in Mandaue, Cebu.

In 2013, it made a decision to invest in a local production plant. Construction of the plant started in early 2016 and commercial production commenced in November 2017. 

“It’s high time for Jotun to open its own factory since it has been operating here for more than 30 years,” Jotun’s Chairman of the Board Odd Gleditsch D.Y. said during the production facility’s inaugurations. “The Philippines market is important for us because we see good growth prospects in the future especially with the steady increase of investments in business areas where Jotun is relevant such as infrastructure and energy.”

Nippon Paints Philippines Inc. 

Nippon Paints Philippines Inc. was established in 1976 in Manila.

With growing paint demands in the 1990s, the company set up a bigger plant in Cabuyao, Laguna, South of Manila in 1996 with an installed capacity of 30,000 TPA.

Cabuyao plant produces industrial paints for automotive, appliances, coils, motorcycles and other related industries.
The company also produces auto refinishes and varnishes.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-09-03 11:26:00 [updated_at] => 2019-08-23 11:32:54 [last_updated_author] => 142098 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["319739","319704","319451","317401","317354","317343","317340","317122","316854","316175","316148","315735","315156","314846","313818","313620","313606","311246","310713","309286","70695"] [is_show_company_name] => [created_at] => 2019-08-23 11:18:55 ) [1] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 323128 [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] => 2550 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => 2019-10-01 [author_name] => {"name":"Charles W. Thurston","title":"Latin America Correspondent"} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 196660 [primary_image_old] => [slider_image_id] => 196660 [banner_image] => 0 [title] => Mexico Boosts Oil & Gas CapEx and Maintenance Spending [short_title] => [summary] => The demand for new industrial coatings, as well as corrosion-control and other maintenance coatings, is expected to rise with the increased spending. [slug] => mexico-boosts-oil-gas-capex-and-maintenance-spending [body] => Mexico’s state oil company Petróleos de Mexico (Pemex) is planning massive increases in both capital expenditures and maintenance in an effort to increase oil production in the country. The company’s five-year plan from 2019 to 2024 includes a program to drill 500 wells, build over 100 offshore production platforms and install more than 4,000 kilometers or close to 2,500 miles of pipeline, the company said.

The resultant demand for new industrial coatings, as well as corrosion-control and other maintenance coatings, is expected to rise with the increased spending. Pemex reported gross sales of $84.5 billion in 2018. The company has fully integrated operations in oil and gas exploration and production, refining, distribution and retail marketing, and petrochemicals. The company is also a leading crude oil exporter, with about 60 percent of its crude production exported, primarily to the United States and Canada.

Among new infrastructure plans for Pemex is a new $8 billion refinery at the Gulf Coast port of Dos Bocas, Tabasco State, the home of Mexican President Andres Manuel Lopez Obrador. Operation is expected come 2022 and the refinery is expected to process up to 340,000 barrels per day (b/d) of heavy crude oil.

The refinery will be supplied by a raft of oil production units including 20 new onshore and shallow water fields this year, of which 12 will begin production in 2019, the company reported. Pemex produces nearly 90 percent of its crude production from mature fields, according to SPGlobal.com.

One new onshore production investment of $6.4 billion will be in massive Ixachi Field, in Vera Cruz State. The plant has a projected production level of 750 million cubic feet per day (MMcf/d) and 80,000 b/d of light crude and condensates.

Apart from the new refinery, Pemex plans to refurbish six existing refineries in an effort to boost production of both oil and downstream petrochemicals.

“This new refinery will significantly increase our national fuel offer, and the rehabilitation of the six refineries that today make up the National Refinery System will cover the growing demand from the Mexican economy,” Pemex CEO Octavio Romero Oropeza said in a company statement in May.

Total Pemex CapEx investments this year have been planned at $9 billion. An emphasis on offshore exploration and production, as well as onshore transportation and refining is hoped to boost annual production to 2.4 million barrels of oil per day by the end of the Obrador administration in 2024 from a current level of 1.7 million b/d.

“Exploration allows us to envision a scenario of increased production, and we are anticipating the development of 20 to 40 fields per year throughout this Administration’s term. This allows us to forecast, with a degree of certainty, that we will achieve our goal of increasing production over the coming years,” said Oropeza.

In addition to CapEx investments, Pemex will enhance maintenance in both the upstream and downstream businesses. The company plans to spend $5.9 billion on upstream maintenance this year, according to the company’s latest Form 20F report to the U.S. Securities and Exchange Commission. The 2019 spending represents a rise of over 25 percent from 2018 and roughly double what was spent on maintenance five years ago.

The new investment levels are designed to stabilize the country’s decade-long reduction in oil production and to help improve Pemex’ debt load of close to $100 billion. The government is also allowing Pemex a $6.7 billion tax break this year to help it adjust its finances for the new spending.

Pemex is the largest company in Mexico and is its largest contributor. The importance of Pemex to the future growth of the Mexico economy is cricital. In comparison, Mexico industrial production has been relatively flat this year.

“Mexico’s oil supply declined sharply in 2018 bringing the country to the brink of being a net oil importer as the share of gas in the energy mix grew further,” British Petroleum reported. With the expected recovery of Pemex, the government forecasts 2020 economic growth of between 1.5 percent and 2.5 percent of the $1.3 trillion gross domestic product.

Credit risk analysts have not been sanguine about Pemex plans to accelerate spending. Fitch Ratings reported in August that “Pemex would require $5.5 billion of external funding during second-half 2019 to satisfy budgeted CapEx.” Nonetheless, additional foreign direct investment is expected the government to operate without tapping Pemex coffers as heavily. Foreign direct investment in Mexico rose 1.5 percent in the first half of the year to $18.1 billion, according to preliminary figures from the Secretaría de Economía.

In June, Fitch downgraded Pemex Long-Term Foreign and Local Currency Issuer Default Ratings (IDRs) to BB+ from BBB-, with a negative outlook. “The downgrade of Mexico’s IDRs reflects a combination of the increased risk to the sovereign’s public finances from Pemex’s deteriorating credit profile together with ongoing weakness in the macroeconomic outlook, which is exacerbated by external threats from trade tensions, some domestic policy uncertainty and ongoing fiscal constraints,” Fitch opined.

One paint and coatings supplier that should gain from the increased Pemex spending is PPG’s Comex unit, which operates its Comex Industrial Coatings production facility in Tlalnepantla, in México State. Comex produces an average of 1.3 million liters (about 343,000 gallons) of paint and up to 1.5 million liters (396,000 gallons) during high demand, the company reports.

In April, Comex opened a new $8.8 million distribution center in Guadalajara, Mexico State, that enables the company to fulfill orders from its stores in Mexico within 24 hours, the company said in a statement. The center serves more than 600 stores in the western states of Jalisco, Nayarit, Colima, Aguascalientes, Zacatecas, Sinaloa, Michoacán and San Luis Potosí. Guadalajara is Mexico’s third-largest economic hub and a strategic location in PPG’s supply chain, the company said.

AkzoNobel, Axalta and Henkel are among other major paint and coatings manufacturers with a substantial presence in Mexico.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-09-30 14:04:00 [updated_at] => 2019-09-25 14:09:02 [last_updated_author] => 142098 [uploaded_by] => 0 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["323066","322096","322015","320619","320403","318602","317970","317335","317203","317172","316604","316480","315958","315663","315433","315018","314206","313691","312578","312146","311615","311259"] [is_show_company_name] => [created_at] => 2019-09-25 13:57:16 ) [2] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 323686 [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] => 2019-11-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197165 [primary_image_old] => [slider_image_id] => 197165 [banner_image] => 0 [title] => PPG Completes COLORFUL COMMUNITIES Project at Vila Neópolis School [short_title] => [summary] => The project brought together more than 40 PPG volunteers. [slug] => ppg-completes-colorful-communities-project-at-vila-neopolis-school [body] => PPG completed a COLORFUL COMMUNITIES project in Gravataí, Rio Grande do Sul, that helped revitalize the Vila Neopolis School. The project brought together more than 40 PPG volunteers who spent a day beautifying the sports court, grandstand, hallways, playground and classrooms, attended by nearly 800 students from elementary school.

PPG provided more than 370 gallons (1,400 liters) of RENNER paint and all painting materials for the project.

The Colorful Communities program provides PPG volunteers and products to bring color and vitality to Communities where the company operates around the world, such as in Gravataí, where PPG has a manufacturing facility for its architectural coatings products, including Renner paint.

“We know how color can instantly transform a space in a positive way,” said Marcio Grossmann, PPG president, Latin America south. “Through the Colorful Communities initiative, PPG has been able to bring to life our mission, and bring color and brilliance to communities where we operate.”

Volunteers painted the facility’s common rooms in a color palette that included red, orange, green, blue and yellow hues. These colors were chosen to create a welcoming and bright space for the students and school employees.

In a recent survey, PPG confirmed the positive impact color can have on learning environments, serving as a catalyst for student engagement, happiness and empowerment. Nearly 900 U.S. teachers, parents and educational administrators responded to the online survey, with 97 percent of respondents saying colors and decor have a positive impact on student engagement.

“We believe that paint colors are a powerful tool that can influence emotions and the experience in an environment,” said Grossman. “This is very important in schools, as it can help stimulate learning and the creative development of children and adults.”

This is the ninth Colorful Communities project in Brazil since the program’s launch in 2015 and the second project in 2019. In the São Paulo state, Colorful Communities projects have helped revitalize the Municipal Early Child Education School Alfredo Castro Donaire, the Volcano Project, the Wadih Jorge Maluf School in Sumaré and the Casa Nazaré in Jundiaí. The Centro de Integração da Criança Especial (Center for the Integration of the Special Children), Instituto do Câncer Infantil (Child Cancer Institute) and the Public School José Maurício in Porto Alegre were also recipients of Colorful Communities projects. In São José dos Pinhais, Paraná, the Lourdes Bonin School gained more color and brightness through the initiative.

[views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-03 10:24:00 [updated_at] => 2019-11-05 13:24:10 [last_updated_author] => 228513 [uploaded_by] => 142069 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317098","322845","321270","317398","322851","319676","323306","316716","324319","325437","314226","315167","319137","321634","318232","316717","322498","324139","320184"] [is_show_company_name] => [created_at] => 2019-10-03 10:17:21 ) [3] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 324208 [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] => 2020-01-01 [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197718 [primary_image_old] => [slider_image_id] => 197718 [banner_image] => 0 [title] => Benjamin Moore Welcomes New Decade with 2020 Color of the Year [short_title] => [summary] => First Light 2102-70 is described as a soft, rosy hue blooming with potential. [slug] => benjamin-moore-welcomes-new-decade-with-2020-color-of-the-year [body] => Benjamin Moore revealed its Color of the Year 2020 as First Light 2102-70 – a soft, rosy hue blooming with potential.

With a new decade on the horizon, the company took a fresh approach to mark this milestone.

An approach that both embraces and transcends color to re-examine the concept of the home as we know it while exploring how it will continue to evolve over the next 10 years. With celebrations in both New York City and Toronto, this moment drew leading interior designers, architects, painting contractors, media and influencers to experience the unveiling.

“We selected First Light 2102-70 as our Color of the Year 2020 to represent a new dawn of idealism, design and living,” said Andrea Magno, Benjamin Moore director of Color Marketing and Development. "First Light 2102-70 reflects a new definition of the home – a shift in mindset from the material to satisfying the core needs in life: community, comfort, security, self-expression, authenticity and ultimately, optimism.”

This modern definition of dwelling replaces long-standing post-war ideals, shining light on a new era of design rooted in fluidity for the multigenerational, multifunctional and different states of mind now found under one roof. Ten harmonious hues have been selected to guide us into the next 10 years and beyond, the Benjamin Moore Color Trends 2020 palette features: “The Color Trends 2020 palette plays an integral role in supporting these core human ideals,” said Magno. “Color is powerful but highly subjective, especially through the lens of different generations, relationships and moods. But from the saturated to bright and airy, all are easy to live with and easy to love – whether they stand alone, in a strong pair, or all cohabitate.” [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-11 10:08:00 [updated_at] => 2020-01-15 10:39:30 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["324340","326353","324344","329294","324209","320470","321895","321893","323340","321719","327677","323909","320921"] [is_show_company_name] => [created_at] => 2019-10-11 10:01:14 ) [4] => Content Object ( [className] => Content [contentLinks] => Array ( ) [belongsTo] => [contentIssue] => [id] => 324209 [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] => 2698 [resource_id] => 0 [author_id] => 0 [primary_issue_slug] => [author_name] => {"name":"","title":""} [magazine_id] => 5 [layout_id] => 0 [primary_image] => 197727 [primary_image_old] => 0 [slider_image_id] => 197729 [banner_image] => 0 [title] => Benjamin Moore Unveils 2020 Color of the Year in NYC [short_title] => [summary] => [slug] => benjamin-moore-unveils-2020-color-of-the-year-in-nyc [body] => To read more about Benjamin Moore's 2020 Color of the Year, click here.


SEE VIDEO HERE: Andrea Magno, director of Color Marketing and Development discusses the inspiration behind First Light.  [views] => 0 [published] => 1 [status] => 3 [priority] => 0 [publish_date] => 2019-10-11 10:08:00 [updated_at] => 2019-10-14 15:05:32 [last_updated_author] => 228513 [uploaded_by] => 228513 [user_role_id] => 0 [custom_fields] => [] [custom_fields_old] => [splitcontent] => 1 [content_url] => [related_content_ids] => ["317350","324340","318167","324208","324344","313625","317163","318033","317055","320470","321895","321893"] [is_show_company_name] => [created_at] => 2019-10-11 10:01:18 ) ) [contentTaxonomy_knowledge-center] => Array ( ) [relatedSearches] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 66835 [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 [taxonomy_tag] => benjamin moore ) [1] => Taxonomy Object ( [className] => Taxonomy [id] => 55209 [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 [taxonomy_tag] => paint ) ) [formattedTitle] => Benjamin Moore Opens New Distribution Center In Lewisville, Texas [taxonomy_keywords] => Array ( [0] => Taxonomy Object ( [className] => Taxonomy [id] => 55209 [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 [tag] => paint [slug] => paint [child_of] => 54554 ) [1] => Taxonomy Object ( [className] => Taxonomy [id] => 66835 [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 [tag] => benjamin moore [slug] => benjamin-moore [child_of] => 54554 ) ) )