CVC Thermoset Specialties, an Emerald Performance Materials company, has appointed Kryll Advanced Importação e Exportação de Aditivos Ltda. as its distributor in Brazil for its specialty epoxy materials and reactive liquid polymer (RLP) products.
“With this distribution agreement, CVC will effectively be able to fill a void in the market and provide Brazilian manufacturers with the high-performance products they need to meet today’s more demanding applications,” said Walt Bustynowicz, vice president of Global Sales. “As the market continues to evolve with increased needs for higher grade products, there is greater demand for niche products like ours that deliver advantages in such demanding, technical applications as high-performance automotive and maintenance coatings, structural adhesives, specialty sealants, electrical and potting compounds, and composites. The challenge is that, with the demise of some local manufacturing operations, products such as hydroxyl-terminated polybutadienes (HTPBs) are no longer manufactured in Brazil. This makes our agreement with Kryll, a South America-based distributor, all the more valuable to our customers as Kryll will provide logistics services, local stock, service and support to the market.”
For additional information, visit www.emeraldmaterials.com.
http://www.adhesivesmag.com/articles/91025-cvc-thermoset-specialties-names-brazil-distributor
3M First Quarter Net Income up 4%
3M recently reported record first-quarter 2012 sales of $7.5 billion, up 2.4% year-on-year. On a segment basis, sales increased 8.6% in Industrial and Transportation; 5.5% in Safety, Security and Protection Services; 4.3% in Consumer and Office; and 2% in Health Care. Sales declined 3.4% in Electro and Communications and 11.8% in Display and Graphics, both reportedly impacted by the consumer electronics industry. First quarter net income rose 4% year-on-year to over $1.1 billion vs. last year’s first quarter.
“We are off to a very good start in 2012 with record first quarter sales and strong earnings,” said Inge G. Thulin, president and CEO. “3M employees everywhere did an outstanding job of managing in a challenging environment for growth.”
For additional information, visit www.3m.com.