Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “Decorative segment has seen good double-digit volume and value growth. This has helped offset the huge effect of the unprecedented slow-down in the automotive segment where the company has a significant exposure. The company has taken steps to enhance its product portfolio by entering niche markets such as adhesives, construction chemicals, coil coatings, premium wood coatings and functional powder coatings through acquisitions and internal initiatives. The effect of these efforts will be visible in the coming quarters. Our subsidiaries in Nepal and Bangladesh also have done well.
During the quarter, costs of inputs were stable and in line with the previous quarter trend. This along with tight control on costs has helped improve the bottom-line. Continued exchange rate and crude oil volatility have kept raw material price levels high. In the industrial segment the company still seeks to get price increase to compensate for the overall inflation. The company expects demand in Decorative segment to remain buoyant but expects challenges of demand to continue in Industrial for the near future.”
LANXESS enters battery chemistry business electrolyte production for lithium-ion batteries in Leverkusen Germany
Leuna, April 13, 2021 - DOMO Chemicals has developed a new product family PA66 based black plastics suitable for laser welding, a technology that is increasingly used in joining together thermoplastic parts. DOMO’s new laser transparent Technyl® STAR AF 219 V30 black LT is now available on the market. Read More
Cologne/Leverkusen, April 5, 2021 – LANXESS enters the field of battery chemistry by cooperating with Guangzhou Tinci Materials Technology Co. (Tinci), a leading global manufacturer of lithium-ion battery materials. Starting already next year, LANXESS will produce electrolyte formulations for lithium-ion batteries under the authorization of the Chinese company. Read More
Cologne, April 2, 2021 – In the manufacture of transmission oil pans, polyamides offer numerous advantages over sheet steel or die-cast aluminum in terms of lightweight construction, cost-cutting functional integration and design flexibility. Polyamide 66 in particular has therefore found widespread use in series production of these large injection-molded parts in recent years. However, polyamide 6 is also very well suited to the purpose, as is evident from an increasing number of applications. Read More
Cologne, March 30, 2021 – A smartphone that sets new standards for lightness, slim design and sustainability is making its debut on the market this March: the Carbon 1 MK II from Berlin-based start-up Carbon Mobile. “Designed and engineered in Germany, the Carbon 1 MK II reignites miniaturization and drives sustainability in connected devices by replacing plastics and aluminum with advanced composite materials for the first time”, says Firas Khalifeh, CEO of Carbon Mobile. The base material for Read More