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Henkel and BASF Coatings set up Research Joint Venture

Published:2010/7/14

BASF Coatings GmbH and Henkel AG & Co KGaA have signed a joint venture agreement to develop corrosion protection solutions for the automotive industry. The 50/50 venture, pending approval of the German anti-trust authorities, will be headquartered in Düsseldorf. The joint venture is anticipated to launch in early 2011. The primary focus of the joint venture will be research and development. It is intended to bring together the competences of both companies in the areas of metal pretreatment and dip coating to develop products and processes that offer greater benefits in terms of cost, performance and environmental compatibility than the standard corrosion protection processes currently used within the automotive industry. Following a successful development of these products and processes Henkel and BASF Coatings intend to jointly market them in the automotive industry.

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PRIVATE COMPANY
YEAR ESTABLISHED: 1946
COATINGS REVENUES: $250 million
SEGMENT BREAKDOWN
· Architectural coatings: 80%
· Industrial coatings: 10%
· Non-auto OEM: 10%

PUBLIC COMPANY
YEAR ESTABLISHED: 1942
COATINGS REVENUES: $1.059 billion
TOTAL REVENUES: $1.059 billion
SEGMENT BREAKDOWN
Architectural/Decorative: 90%
Industrial & Automotive: 10%

PUBLIC COMPANY
YEAR ESTABLISHED: 1947
Coatings REVENUEs: $3.368 billion
TotaL REVENUEs: $3.368 billion
Segment breakdown
· Industrial Segment: 67%
· Consumer Segment: 33%

PUBLIC COMPANY
YEAR ESTABLISHED: 1971
COATINGS REVENUES: $145 million
SEGMENT BREAKDOWN
· Industrial wood coatings: 95%

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www.akzonobel.com	www.ppg.com	www.henkel.com	www.sherwin-williams.com	www.dupont.com
www.basf.com	www.usa-arrow.us	www.nationalpaints.com	www.valsparglobal.com	www.masco.com