GERMANY: STAGNATION IN COATINGS INDUSTRY

Article Abstract:

According to Manfred Schneider, chairman of Bayer AG and president of the German chemical industry association VCI, the German industry produced about 2mn tonnes of paints and varnishes in year 2000, unchanged from 1999. In value terms, production increased slightly to DM 9bn. The production of architectural paints, which account for 70% of production, declined by about 2%, and the negative trend is expected to continue. The production of industrial paints, on the other hand, increased by 3-5%. Growth in this segment is likely to slow down in year 2001. Germany's exports of paints and varnishes increased 5% to 430,000 tonnes, while imports grew 10% to just under 100,000 tonnes.

Germany, Production data, Paints & Allied Products, Coatings, Paints

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ITALY: ALTANA TAKES OVER SIDERIUS ARM

Article Abstract:

Siderius SpA, a company based in Milan and Bologna, has sold its can, coil and foil coatings division to Altana AG of Germany with effect from the end of 2000. The deal includes also printing inks for metallic packaging.

Italy, Asset sales & divestitures, Printing Ink, Printing Ink Manufacturing, Paints and allied products, Printing inks, Altana Inc., Altana Industrie-Aktien und Anlagen AG

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