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PPG to acquire Alpha Coating Technologies

February 07/2020

MOSCOW (MRC) -- PPG Industries Inc. (Pittsburgh, Pa) announced that it has reached a definitive agreement to acquire Alpha Coating Technologies, LLC (Alpha), a manufacturer of powder coatings for light industrial applications and heat sensitive substrates, said Chemengonline.

The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed.

Founded in 2000, Alpha focuses on the development, manufacture and sale of powder coatings for light industrial applications; medium density fiberboard and heat sensitive substrates; and toll manufactures powder coatings for metal and light industrial applications. Alpha employs approximately 35 people at its operations in West Chicago, Illinois.

"Alphas best-in-class service, technology and quick turnaround color matching capabilities will be a strategic complement to PPG, said Kevin Braun, PPG vice president, Industrial Coatings, Americas. We are pleased to welcome Alpha into the PPG family and continue providing our customers with outstanding products and services."

As MRC wrote previously, Russia's output of chemical products dropped by 3.2% in November 2019 month on month. However, production of basic chemicals increased by 3.6% in the first eleven months of 2019, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, the largest increase in production volumes on an annualized basis accounted for mineral fertilizers and polymers in primary form. Last month, 255,000 tonnes of ethylene were produced versus 210,000 tonnes in October; by November, Russian producers had completed all their scheduled works. Thus, 2,721,000 tonnes of this olefin were produced in January-November 2019, up by 0.3% year on year.

Ethylene is the main feedstock for the production of polyethylene (PE).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,093,260 tonnes in 2019, up by 6% year on year. Shipments of all PE grades increased. PE shipments rose from both domestic producers and foreign suppliers.


mrcplast.com
Author:Anna Larionova
Tags:pigmentniy krasitel, paints and coatings, PPG.
Category:General News
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