Chemrez

Chemrez, formally Chemrez Technologies, Inc., is a Philippine chemical-manufacturing company associated with powder coatings and other industrial chemical activities. The company is based in the Philippines and is a member of the D&L Group of Companies. Its best-known business identity is connected with the Chemrez name and the production of powder coatings, a finish applied to metal and other manufactured surfaces for protection and decoration. Chemrez became a publicly traded company on the Philippine Stock Exchange under the ticker COAT. Its shares have been listed since December 8, 2000. The company’s corporate history includes a significant restructuring in 2006, when shareholders of Corro-Coat, Inc. approved the acquisition of Chemrez, Inc. and its biodiesel project. The transaction brought the Chemrez business and its associated goodwill into the acquiring entity. At the same shareholder meeting, approval was given to change the company’s name to Chemrez Technologies, Inc., reflecting the importance of the Chemrez name and its operating units in the combined organization. The 2006 transaction also contemplated a public offering by Corro-Coat to help finance the acquisition. The renamed company therefore represented a combination of the pre-existing Corro-Coat corporate structure with Chemrez’s operating businesses and brand equity. The biodiesel project mentioned in the transaction indicates that the company’s activities extended beyond coatings, although the available reference material provides limited detail about the scale, product range, or subsequent development of that business. Chemrez’s positioning is primarily industrial rather than consumer-facing. Its products serve manufacturing and commercial customers that require coating systems and chemical inputs, rather than household goods sold directly to mass-market consumers. Public reference material identifies powder coatings as the company’s principal manufacturing category but does not provide enough detail to establish a complete current product portfolio, geographic sales mix, revenue profile, or management roster. Accordingly, the company is best characterized as a Philippine industrial-chemicals brand operating within the broader D&L Group, with a public-company history and a corporate identity shaped by the 2006 Chemrez–Corro-Coat combination.

Chemrez is a Philippine industrial-chemicals company whose public identity is centered on powder coatings. The business is associated with the D&L Group of Companies and operates from the Philippines. Available reference material does not identify a founding year, founder, original owners, or a complete chronology of its operating expansion, so those aspects remain undocumented in this entry. A major documented milestone occurred on December 8, 2000, when Chemrez became listed on the Philippine Stock Exchange. The company trades under the symbol COAT. Its stock-market presence established Chemrez as a publicly held Philippine industrial company, although the available material does not provide historical share-price, sales, or capitalization data. The company’s most important documented corporate change occurred in 2006. At a shareholder meeting, Corro-Coat, Inc. approved the purchase of Chemrez, Inc. and its biodiesel project. The transaction was accompanied by plans for a public offering intended to raise funds for the acquisition. Shareholders also approved changing the corporate name to Chemrez Technologies, Inc. The stated rationale was that the Chemrez name and its business units represented the predominant goodwill and operating contribution in the combined entity. Following that transaction, Chemrez Technologies became the corporate vehicle associated with the Chemrez name. The reference material identifies the company as a manufacturer of powder coatings and notes its membership in the D&L Group of Companies. It also records the biodiesel project as part of the acquired assets or activities, but does not provide enough information to describe its commercial performance, product specifications, or later strategic direction. Chemrez’s history is therefore defined by three clearly documented characteristics: its Philippine industrial-manufacturing base, its public listing under COAT, and the 2006 combination that placed the Chemrez name at the center of the successor company’s identity. More detailed information about facilities, customers, exports, product generations, executives, and current operations is not established by the supplied reference material.

• 2006

  Chemrez acquisition and name change approved

  [1]Chemrezen.wikipedia.org

  Corro-Coat shareholders approved the purchase of Chemrez, Inc. and its biodiesel project, as well as renaming the company Chemrez Technologies, Inc.

• 2000

  Philippine Stock Exchange listing

  [1]Chemrezen.wikipedia.org

  Chemrez was listed on the Philippine Stock Exchange on December 8, 2000, under the ticker COAT.

A Philippine industrial-chemicals and coatings brand focused on powder coatings and related manufacturing activities.

• Industrial coatings

  Powder coatings

  Powder coatings are the principal product category associated with Chemrez in the available reference material. They are industrial coating systems applied as dry powder and cured to form a protective or decorative finish, commonly for manufactured metal components and equipment. The supplied sources do not specify Chemrez’s formulations, brand sub-lines, customer industries, performance grades, or current catalog.

• Biofuels

  Biodiesel project

  A biodiesel project was included in the Chemrez, Inc. assets approved for purchase by Corro-Coat shareholders in 2006. The available reference does not establish whether the project became a continuing flagship product line, nor does it provide details about feedstocks, production capacity, distribution, or present status.

• 2006

  Approval of the Chemrez acquisitionM&A

  Background

  Corro-Coat, Inc. sought to acquire Chemrez, Inc. and its biodiesel project, combining the Chemrez operating businesses and brand goodwill with the existing corporate structure.

  Action taken

  Shareholders approved the purchase and a planned public offering intended to help raise funds for the transaction.

  Aftermath

  The combined company adopted the name Chemrez Technologies, Inc., reflecting the prominence of the Chemrez name and its business units.

  Source

• 2006

  Corporate name changed to Chemrez TechnologiesStrategy

  Background

  The corporate name was reconsidered as part of the combination with Chemrez, Inc.

  Action taken

  Shareholders approved replacing the Corro-Coat corporate name with Chemrez Technologies, Inc.

  Aftermath

  The renamed entity used the Chemrez identity to represent the predominant goodwill and business contribution in the combined company.

  Source

1. 1Chemrezen.wikipedia.org