NPX
22/04/2015 09:35
GENERAL
NOT PRICE SENSITIVE
REL: 0935 HRS Nuplex Industries Limited
GENERAL: NPX: Nuplex Launches New Technology
NZX/ASX/NEWS RELEASE 22 April 2015
Nuplex launches a breakthrough technology for the coatings industry
New, innovative coating technology, Acure, introduced by global, specialist
chemical company, founded in New Zealand
Yesterday, Nuplex unveiled the world's latest technological breakthrough in
coatings, Acure, an innovative technology that will significantly benefit
manufacturers around the world.
Manufacturers traditionally need to balance the dry time of a coating, with
the time at which the paint becomes unusable, referred to as its pot life.
Nuplex's research and development teams around the globe have decoupled this
adverse relationship to produce Acure.
Acure harnesses leading edge chemistry giving paint and coating formulators
the ability to dial in fast dry times with remarkably long pot lives. When
used in coatings applied in large-scale manufacturing processes Acure has the
potential to reduce manufacturing times significantly.
Nuplex's CEO Emery Severin says Nuplex scientists started working on the
technology in 2007 and have developed a system that has potential to be used
in almost all the different industrial coatings markets.
"Acure is built on Michael Addition chemistry, which up until now has been
too reactive to be manageable in a coating context. Developed to precisely
control this reaction, the Acure system delivers very fast dry times,
extremely long pot life and cures at low temperatures.
"We've already introduced the Acure system to a select group of customers and
received very positive feedback. We anticipate the system will be a
breakthrough for Nuplex and the manufacturers that use it," says Severin.
Acure is being introduced immediately in Europe and America, then in Asia and
ANZ towards the end of 2015.
Acure offers increased comfort for workers applying coatings that use the
Acure technology because it is low VOC (volatile organic compound) and is
isocyanate and tin free. This is good news for workers and the environment.
In addition to working conditions and environmental benefits, manufacturers
that use paints and coatings with Acure will benefit from enhanced
efficiency, less wastage in application and greater flexibility when
operating at low temperatures. Acure is currently being trialed in a number
of market segments including agriculture and construction equipment and
protective coating markets.
Nuplex has long been dedicated to creating innovative solutions for the
coatings industry.
"Acure is the result of Nuplex's global investment in research and
development. The system was invented in Nuplex's Innovation Centre in The
Netherlands and refined in R&D laboratories in Europe and the US," says
Severin.
The technology was unveiled at the European Coating Show (ECS) overnight and
was awarded the "Best Paper Award" for the ECS Congress. The ECS is the
largest of its kind in the world, bringing together industry leaders behind
paint and coatings used in markets around the world.
Nuplex employs more than 1,700 staff globally and currently operates 16
manufacturing sites in 12 countries and is New Zealand's oldest listed
company.
- Ends -
ABOUT NUPLEX
Nuplex is a leading, global manufacturer of resins used in paints, coatings
and structural materials. The company has an integrated sales, manufacturing
and R&D network, located across Europe, Australia & New Zealand, Asia, and
the Americas and sells its products in more than 80 countries world-wide.
The global coating resins operations supply resins used in a wide variety of
paint and coating applications, including: decorative and trim paint,
automotive coatings, vehicle refinish, wood flooring and furniture coatings,
metal furniture coatings, consumer electronics and white goods coatings,
marine & protective coatings, and coatings for infrastructure and transport.
In Australia and New Zealand, Nuplex is also a leading producer of resins
used in composites and pulp & paper products. The company has approximately
1,700 employees operating in 12 countries, spread over four continents.
For further information, please contact:
Investors:
Josie Ashton, Nuplex
+61 2 8036 0906 ? [email protected]
Media:
Louisa Jones, Porter Novelli on behalf of Nuplex
+64 21 299 2628 ? [email protected]
End CA:00263395 For:NPX Type:GENERAL Time:2015-04-22 09:35:05
