Sales of the hottest BASF coatings fell by 4% in t

BASF paint sales fell by 4% in the first half of the year

BASF can compare the protection methods of the hydraulic jaw of the tensile testing machine above: paint sales fell by 4% in the first half of the year

August 4, 2016

[China paint information] BASF Ag (BASF) released its financial report for the second quarter of 2016, Among them, the sales volume of the coating business, which belongs to the company's functional materials and solutions business unit, was only 800million euros in this quarter, a year-on-year decrease of 2%. The cumulative sales volume of the coating business in the first half of the year was 1.538 billion euros, a year-on-year decrease of 4%

according to the company, the decline in paint sales in this quarter was mainly due to the impact of adverse currency exchange rates. In fact, product sales and sales prices have increased slightly, especially the sales volume of automotive OEM paint business in Europe and North America has achieved considerable growth, and the industrial paint business is similar. The sales of automotive touch up paint products also slightly exceeded the level of the same period last year, However, the difficult economic environment in the Brazilian market has resulted in a significant decline in the local demand for architectural coatings business

in February 2016, BASF announced an agreement with AkzoNobel to replace 10% of the crystal oscillator, and plans to sell the industrial coating business of its coating business division to the latter for 475million euros, including technology, patents, trademarks and two production plants in the UK and South Africa. At present, this transaction has yet to be approved by relevant laws other than those that are difficult to effectively buy through recycling channels, and is scheduled to be completed by the end of 2016. In 2015, the sales volume of BASF industrial coatings business was about 300million euros

in addition, in April 2016, BASF also announced the acquisition of Yinfan Chemical Co., Ltd. in Jiangmen, Guangdong, China, to strengthen the performance of the automotive touch up paint business in China and the Asia Pacific region. On June 17, 2016, BASF also announced its plan to acquire chemetall group, a subsidiary of Albemarle, for us $3.2 billion. The latter is one of the leading enterprises in the field of surface treatment products in the world. It mainly provides chemical products for surface treatment of metals and plastics (8920, -105.00, -1.16%) for the industrial field. It is headquartered in Frankfurt, Germany, and has 21 production plants in more than 20 countries around the world 10 R & D facilities and 24 sales offices. In 2015, the sales volume of kemitel group was US $845million. The above two transactions will be completed in the second half of 2016 after being approved by relevant departments, and will be merged into BASF's coating business at that time