Allnex

Allnex S.à r.l.

Type	Limited company (Naamloze vennootschap/Société Anonyme)
Founded	2013 (2013)
Headquarters	Frankfurt, Germany
Area served	Worldwide
Key people	Miguel Mantas (CEO) Duncan Taylor (CFO), Jean-Marc Durbuis (Executive VP Performance Resins), François Thys (COO), Ruben Manniën (Executive VP Liquid Coating Resins), Markus Aschauer (CIO)
Products	Coating resins, additives and crosslinkers
Revenue	€2.2 billion[1]
Number of employees	Approx. 4000[1]
Website	www.allnex.com

Allnex 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] Mid-September 2016, Allnex and Nuplex, a global manufacturer of resins, were brought together to form one company. Headquartered in Frankfurt, Germany, the company has 33 manufacturing facilities, 23 research and technology support centers and 6 joint ventures. The company is present on four continents: Europe, North America, Asia Pacific and Latin America. Its 4000 employees serve customers in more than 100 countries.^[3]

Organisation

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

• Chief Executive Officer – Miguel Mantas
• Chief Financial Officer – Duncan Taylor
• Executive Vice President Performance Resins – Jean-Marc Durbuis
• Executive Vice President Liquid Coating Resins – Ruben Manniën
• Chief Operations Officer– François Thys
• Chief Integration Officer – Markus Aschauer

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

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]

September 2016 – Allnex was brought together with Nuplex Industries, now operating under the name Allnex.^[9]

Products and technologies

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

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.^[10]

Amino cross-linkers

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

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

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.^[11]

Solventborne resins

Solvent-borne resins are used in solventborne coatings for decorative and industrial applications. While the coatings industry is moving away from solvent-based formulations,^[12] 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

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.^[13]

Waterborne resins

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.^[14]

Safety, health and environment

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.^[15] In late 2014, EcoVadis awarded Allnex a silver CSR (corporate social responsibility) rating.

References