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Allnex

Allnex S.à r.l.
Company typeLimited company (Naamloze vennootschap/Société Anonyme)
Founded2013 (2013)
HeadquartersAllnex SA Brussels, Belgium
Area served
Worldwide
Key people
Frank Aranzana (CEO)
Duncan Taylor (CFO), Jean-Marc Durbuis (VP Business & Technology), François Thys (VP Operations)
ProductsCoating resins, additives and crosslinkers
Revenue$1.5 billion[1]
Number of employees
Approx. 2200[1]
Websitewww.allnex.com

Allnex S.à r.l. is a global supplier of resins and additives for architectural, industrial, protective, automotive and special purpose coatings and inks. Their product range includes liquid resins and additives, radiation cured and powder coating resins and additives, as well as cross-linkers for use on wood, metal, plastic, and other surfaces[1].

Allnex was established in 2013 after Advent International acquired the Coating Resins Division as a divestiture from Cytec Industries[2]. Headquartered in Brussels, Belgium, the company has 17 manufacturing facilities, 12 research and technology support centers and 3 joint ventures in Europe, North America, Asia Pacific and Latin America. Its 2200 employees in 27 countries serve approximately 3000 customers worldwide[3].

Organisation

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The organization’s operational management is overseen by a Global Executive Leadership Team consisting of five members:

  • Chief Executive Officer – Frank Aranzana
  • Chief Financial Officer – Duncan Taylor
  • Vice President Business and Technology – Jean-Marc Durbuis
  • Vice President Operations: IT, Supply Chain and Procurement – François Thys
  • Vice President Human Resources and Legal services – Marie Van In

Funds are managed by Advent International Corporate. Allnex produces a total of seven technologies: additives, cross-linkers, powder coating resins, solvent-borne high solids, urethane specialties, waterborne resins and 100% UV resins. Europe is Allnex’s largest market, followed by Asia Pacific, North America and Latin America. [4]

History

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April 3, 2013 – Advent International acquired the Coating Resins Division as a divestiture from Cytec Industries.

October 2013 – Allnex acquired Desmolux® non-waterborne radiation curing resins from Bayer MaterialScience. [5] The products are now sold under the brand name EBECRYL™.

February 2014 – Allnex opened a technology center and Americas headquarters in Alpharetta, GA, USA. [6]

September 2014 – Allnex announced an agreement to form a joint venture with Eternal Materials Co. Ltd., a Taiwanese company traded on the Shanghai stock exchange. The Allnex-Eternal joint venture will manufacture cross-linker resins for mainly the Greater China market. The joint venture will consist of a manufacturing facility located in Zhuhai, China, which is expected to be operational mid-2017. [7]

December 29, 2014 – Allnex acquired Águia Química, one of the largest manufacturers of alkyd and acrylic resins in Brazil. Founded in 1989 and located in Ponta Grossa/PR, Brazil, Águia Química is a Brazilian market leader in alkyd and acrylic resins for paints, composites, adhesives and sandpapers, in addition to distribution of solvents. [8]

Products and technologies

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Allnex’s product range sells into various applications in end user markets such as automotive, industrial coating, protective, packaging and coating inks and consumer electronics.

Additives

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Allnex develops additives that help improve the appearance and durability of coatings, the flow of paints and inks, the efficiency of the manufacturing process and the sustainability of formulations. [9]

Amino cross-linkers

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Allnex's CYMEL® amino cross-linkers are used in industrial coatings applications including automotive, Original Equipment Manufacturers (OEM), kitchen cabinets, metal food and beverage packaging, metal building products and general metal finishings.

Phenolic Resins

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Phenolic resins are used in a wide variety of applications, including many types of high-performance coatings. Allnex develops technical resins for the tire industry, durable printing inks and industrial and packaging coatings.

Powder coating resins

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Resins are an essential constituent of powder coatings, a technology used to apply a decorative or protective finish in the automotive, furniture and appliance markets. Recent technology advancements now allow the use of powder coatings on heat-sensitive materials such as wood and plastics. [10]

Solventborne resins

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Solvent-borne resins are used in solventborne coatings for decorative and industrial applications. While the coatings industry is moving away from solvent-based formulations[11], there are still many applications where solventborne coatings have been shown to be a sustainable solution or are needed for performance.

UV/EB curable resins

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Allnex is a leading producer of ultraviolet (UV) and electron beam (EB) energy-cured coating resins. Such radiation-cured coatings are durable and scratch resistant, and are more eco-friendly in production, making them a desirable alternative to solvent-based technologies. [12]

Waterborne resins

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Water-based coating formulations use water-soluble amines as hardeners, strongly reducing the volatile organic compounds (VOC) in the coatings. Allnex offers tailored waterborne resin systems for specific substrates and end-use applications. [13]

Safety, health and environment

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Allnex’s main locations are ISO 14001, ISO 50001 and OSHAS 18001 certified. In 2014 Allnex has recorded zero process safety incidents – explosions or major fires, accidents resulting in lost time due to injury or fatality, or leakage of hazardous chemicals beyond UN containment thresholds. [14] In late 2014, EcoVadis awarded Allnex a silver CSR (corporate social responsibility) rating.

References

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  1. ^ a b c http://allnex.com/corporate-profile
  2. ^ Kaskey, Jack. “Cytec sells coating business to Advent for $1.03 billion”. Bloomberg.com, 9 Oct 2012.
  3. ^ http://allnex.com/locations
  4. ^ "All about resins". The European, 16 Mar 2015.
  5. ^ “Allnex to acquire ‘Desmolux’ product range from Bayer MaterialScience”. European Coatings, 19 Jul 2013.
  6. ^ “Allnex invests in its Americas business with creation of new regional headquarters”.
  7. ^ Wadlow, Thomas. “Allnex underlines ambitious growth plans with new joint venture in China”. Manufacturing Global, 6 Nov 2014.
  8. ^ Market, Jan. “Allnex acquires Águia Química, one of Brazil’s largest manufacturers of resins”. RadTech Europe, 8 Jan 2015
  9. ^ “Achieve substrate wetting and crater-free paint surfaces without stabilizing foam or impacting intercoat adhesion”. Pitture e Vernici, Jan/Feb 2013.
  10. ^ Deruyttere, Xavier. “A new versatile waterborne energy-curable resin drives industrial wood & furniture coatings out of the beaten tracks”. Pitture e Vernici, July 2014.
  11. ^ “Waterborne dispersions to switch from solventborne to waterborne”. Pitture e Vernici, February 2015.
  12. ^ Challener, Cynthia. “Radiation-cured coatings: regulation and performance expectations drive advances”. Coatings Tech, May 2014.
  13. ^ Zirngast, Michaela; Hobisch, Gerald; Lunzer, Florian. “Is your waterborne 2K epoxy formulation giving you a headache? Here is the cure!” Polymers Paint Coating Journal, June 2015.
  14. ^ http://allnex.com/safety