Coil Coaters
Coil Coaters See Red Over Hike in Price of Paint
Written by Tim Triplett
August 15, 2017
Sherwin Williams, a major supplier of paint and coatings to coil coaters and other industries, announced a price hike on Monday, citing the need to recoup the escalating costs of raw materials. The company notified its customers to expect a 5 percent increase on all shipments of PVDF and FEVE topcoats, a 7 percent increase on all other topcoats, and a 5 percent hike on all primers and backers, effective Oct. 1.
Customers are not happy about it. “We have seen a 4-7 percent increase from all the major paint companies effective 10/1/17. Not sure what this is based on since the price of oil has dropped from $100 a barrel to less than $50, which means we should have seen a significant reduction in the price of paint,” said one coatings buyer.
“Was there a decrease in the price of paint when the cost of chemicals dropped in 2014? No, there has never been a paint decrease. The cost levels for chemicals are not back to where they were in 2014 when the last price increase was announced and natural gas is lower. I will be fighting this increase,” said another.
SMU will follow up on the rising cost of coatings and the potential impact on the market for pre-painted steel.
Tim Triplett
Read more from Tim TriplettLatest in Coil Coaters
AZZ sees tariffs boosting demand for US-made coating solutions
Coil coater AZZ Inc. sees President Trump’s aggressive trade policy stoking demand for coating solutions for steel and aluminum made in the US.
AZZ Inc.’s earnings rise, but sales dip on weather woes
AZZ Inc. posted higher earnings in its fiscal fourth quarter, but sales slipped on weather disruptions.
AZZ shifts executives in Precoat Metals segment
AZZ Inc. recently announced it is shaking up the duties and roles of two executives involved in its Precoat Metals segment. Kurt Russell, Precoat’s current chief operating officer and former president, is moving into a senior vice president position within AZZ Inc. into the newly created role of chief strategic officer. “We are excited to […]
AZZ back on the hunt for M&A in the galv space
AZZ Inc., relatively unfazed by volatility in zinc pricing, is optimistic about demand prospects and M&A opportunities, especially in the galvanizing sector.
AZZ Q2 earnings soar on better demand for hot-dip galv
AZZ Inc. posted sharply higher second-quarter profits driven by increased sales of and better demand for its products. The Fort Worth, Texas-based hot-dipped galvanized and coil coater reported net income of $35.4 million in the second quarter of 2024, up 43.3% from $24.7 million in the same quarter last year. It posted Q2'24 sales of $409 million, up 2.6% from $398.5 million in Q2'23.