Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said,“Decorative segment has registered goodvolume and value growth in the given environment.This helped offset the continued and unprecedented slow-down in the automotive and other OEMs segmentswhere the company has a significant exposure. The company’s decorative sales were impacted due to factors like extended monsoon, floods in many key states and low off-take in Kashmir where KNP has a major presence. The company has been building traction in the niche business areas that the company is focusing on. Company was able to maintain growth in ARF, Protective Coating and Powder segments of the market. Our subsidiaries in Nepal and Bangladesh have done well.
During the quarter, input costs were stable and in line with the previous quarter trend.This along with judicious control on costs has helped improve the bottom-line. Exchange rate and crude oil prices continued to show volatilitycreating challenges in raw material cost management.Company commenced commercial operations at the Punjab plant. The company sees a slowdown in Decorative segment though it expects a revival once the unseasonal rains subside. Challenges of demand in Industrial are expected to continue 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