Latest news with #coatings
Zawya
20 hours ago
- Business
- Zawya
More than a coat of paint: Rethinking corrosion protection in Oman
Across Oman's energy, marine, and infrastructure sectors, corrosion is a quiet but costly adversary. While cathodic protection systems and smart monitoring technologies play a vital role, the first—and often most critical—line of defense is simpler than it seems: a coat of paint. Or more accurately, a high-performance anti-corrosion coating engineered to withstand one of the harshest environments on Earth. According to the Association for Materials Protection and Performance (AMPP), corrosion-related economic losses consume between 3% to 5% of GDP in Gulf countries, owing to the region's aggressive combination of high heat, humidity, salt spray, and dust. For Oman, that translates to hundreds of millions of Omani rials annually, with the oil and gas, desalination, and marine infrastructure sectors bearing the brunt of the damage. Globally, corrosion is estimated to cost over $2.5 trillion each year—but experts believe that up to 35% of these losses are preventable with proactive measures such as improved coatings, local standards, and QA/QC procedures. As Oman strengthens its industrial and coastal infrastructure, there is a growing opportunity to build local expertise in corrosion protection. While many coatings are currently imported, industry assessments across the Gulf show that over 60% of failures stem from application issues—such as poor surface preparation—rather than flaws in the coatings themselves. This highlights a valuable area for improvement: by enhancing training, certification, and local application standards, Oman can ensure that even the most advanced coatings perform to their full potential. Despite the presence of global industry players like Jotun Paints, which operates a manufacturing facility at Rusayl Industrial Estate, and Hempel, which supplies protective coatings to marine and offshore platforms, coating selection across Oman is still too often driven by availability and price rather than performance and environmental fit. Globally, the anti-corrosion coatings market is projected to reach $42 billion by 2028, with the Middle East accounting for a growing share—particularly in oil, gas, and maritime sectors (Statista, 2024). Yet in Oman, many assets are still coated with systems that offer a service life of just 3 to 5 years, especially if not applied under optimal conditions. In contrast, high-performance systems—such as zinc-rich epoxy primers paired with polyurethane topcoats—can extend protection to 7 to 10 years or more, provided they are installed correctly. Oman's geography presents a compelling case for home-grown solutions. Its coastal regions—Suhar, Duqm, Salalah—are prime development zones, but also among the most corrosive environments in the country. Without proper protection, even newly built infrastructure can begin to degrade within months, driving up operating and maintenance costs and compromising safety. Oman's coatings sector may still be developing, but its potential is vast. With targeted investment in accredited testing facilities, specialised training for certified applicators, and Gulf-adapted coating standards, the country has a real opportunity to lead the region in climate-resilient corrosion protection. Experts from AMPP suggest that such measures could recover up to 30% of corrosion-related losses—a substantial return on relatively modest interventions, and a smart step toward long-term savings. While technologies like cathodic protection and real-time corrosion monitoring play vital roles, coatings remain the most accessible, scalable, and cost-effective defense—especially for large, exposed assets such as pipelines, oil tanks, cranes, and marine infrastructure. In Oman's next chapter of industrial growth—from hydrogen hubs to coastal mega-projects—high-performance coatings are more than just a protective layer. They are a strategic enabler. When selected and applied with care, coatings don't just preserve structures—they protect progress, fuel resilience, and extend the value of every investment. In the end, a coat of paint isn't just where protection begins. It's where Oman's leadership in corrosion innovation can take shape. 2025 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Arab News
3 days ago
- Business
- Arab News
Jotun Saudi celebrates 40 years of innovation and growth
Jotun, one of the world's leading manufacturers of paints and coatings, is celebrating 40 years of successful operations in Saudi Arabia, marking four decades of contribution to the Kingdom's most iconic landmarks and infrastructure development. Since establishing its first Saudi operations in 1985, Jotun has become deeply embedded in the nation's architectural heritage, protecting and beautifying structures that define the Saudi skyline. Since the inception of the Kingdom's modern infrastructure development through to today's ambitious mega-projects, Jotun's protective and decorative coatings have preserved majority of iconic landmarks that symbolize Saudi Arabia's progress. 'Our success over the past 40 years is built on a strong team, deep-rooted values, and a stable long-term strategy that has enabled us to contribute to national infrastructure and support sustainable development,' said Morten Fon, president and CEO of Jotun Paints. 'As we look to the future, we remain committed to offering innovative, high-performance solutions that meet the needs of a transforming nation.' Over the past four decades, the company has delivered approximately 2 billion liters of paint, coating more than 300 million square meters across Saudi Arabia. The company's presence has grown to include 500 Multicolor Centers throughout the Kingdom, creating a network that provides a curated, personalized experience for professional and homeowners alike. Looking to the future, Jotun Saudi Arabia has announced plans to double its production capacity through significant investments in Jotun's manufacturing facilities in Yanbu. The expansion will incorporate advanced technologies that enhance both production efficiency and sustainability. 'As Saudi Arabia continues its remarkable transformation, we are expanding our capabilities to meet growing demand,' said Martin Chew, vice president Middle East and Africa. 'This investment reflects our commitment to local manufacturing excellence and our confidence in the Kingdom's continued development.' 'This 40-year milestone is not only a celebration of our past, but a commitment to the future,' Fon added. 'Our legacy is defined by our values, long-standing partnerships, premium products, and great people. We will continue to deliver reliable paint solutions for protection, performance, and beauty to the Kingdom for generations to come.' To mark this important milestone, Jotun Saudi has planned a year-long series of celebratory events to honor its employees, partners, and legacy — reinforcing its deep-rooted connection with the Kingdom and its people.
Yahoo
7 days ago
- Business
- Yahoo
The Sterling Group Foundation Fund Launches a New Platform, AGS American Glass Services
DALLAS, July 24, 2025--(BUSINESS WIRE)--The Sterling Group Foundation Fund (the "Foundation Fund"), an operationally focused lower middle market private equity firm, announced the establishment of AGS American Glass Services ("AGS"), a multi-regional provider of custom glass and coatings solutions with operations across the Midwest. AGS provides light, value-added fabrication and installation (glazing) of interior and exterior commercial glass systems, along with a range of specialty coating services for both interior and exterior applications. AGS is focused on building types that are "below the tree line" across a diverse set of end-markets including education, manufacturing, government, office, and retail, among others. AGS will seek to acquire businesses with market-leading customer service models in adjacent markets. "We're excited to launch AGS American Glass Services as a new platform dedicated to building a market-leading commercial glazing business. With a strong foundation of operational excellence and customer relationships, we see a significant opportunity to scale this platform nationally and partner with talented teams across the industry," said Partner Lucas Cutler. The Sterling Group has deep experience in the building products industry. AGS is a portfolio company of the Foundation Fund. The Foundation Fund aims to leverage The Sterling Group's operational capabilities and experience in the industrial sector to "set the foundation" for growth at lower middle market companies. Other Foundation Fund portfolio companies include Premier Tire and Service, Compost 360, Russell Landscaping, and OGD Overhead Garage Door. About The Sterling Group Foundation Fund Founded in 1982, The Sterling Group is a private equity and private credit investment firm that targets investments in basic manufacturing, distribution, and industrial services companies. Typical enterprise values of these companies at initial formation range from $100 million to $1 billion. Sterling has sponsored the buyout of over 70 platform companies and numerous add-on acquisitions for a total transaction value of over $24 billion. Sterling currently has over $9 billion of assets under management. For further information, please visit Past performance is no guarantee of future results and all investments are subject to loss. View source version on Contacts The Sterling GroupFranny Jonesfjones@ Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22-07-2025
- Business
- Yahoo
Sherwin-Williams Cuts Its Outlook as Soft Demand and Costs Hurt Profits
Justin Sullivan / Staff / Getty Images Sherwin-Williams CEO Heidi Petz warned that the company expects the slowdown in the second quarter could continue into the second half of the year. Sherwin-Williams (SHW) shares declined Tuesday after the maker of paints and coatings missed profit forecasts and cut its outlook on soft demand and higher costs. The company reported second-quarter adjusted earnings per share of $3.38, down 8.6% from a year ago and below the consensus of analysts surveyed by Visible Alpha. Revenue rose 0.7% to $6.31 billion, which was ahead of estimates. Sales at the company's Performance Coatings Group dropped 0.3% to $1.80 billion, mainly on lower prices. They were down 4.1% to $809.4 million at the Consumer Brands Group because of a drop in do-it-yourself work demand and currency fluctuations. Higher prices helped Paint Store Group sales rise 2.3% to $3.70 billion. Selling, General, & Administrative expenses grew 9% to $2.01 billion, which the company blamed on a 'broader restructuring initiative related to softer demand, sooner than anticipated building related costs and heightened growth investment related to incremental competitive opportunities.' CEO Heidi Petz said the demand environment 'remained choppy,' and warned that the company expects the slowdown in the quarter 'will continue if not deteriorate in the second half of the year.' Sherwin-Williams said it now sees full-year adjusted EPS in the range of $11.20 to $11.50, compared to its earlier outlook of $11.65 to $12.05. Shares of Sherwin-Williams were down about 3% in recent trading, dragging them into negative territory for the year. TradingView Read the original article on Investopedia
Wall Street Journal
22-07-2025
- Business
- Wall Street Journal
Sherwin-Williams Revises 2025 Outlook Amid Continued Soft Demand
Sherwin-Williams SHW 0.36%increase; green up pointing triangle revised its outlook for 2025 as soft demand seen in the first half of the year is expected to persist and potentially weaken further in the months ahead. The paint and coatings company now expects sales in the year to be up or down a low-single digit percentage compared with 2024. It had previously forecast sales in 2025 to be up a low-single-digit percentage.
