News Headlines
DSM reports another strong year and increases dividend
DSM says 2011 was another strong year for DSM despite the challenges of the global economy, adverse currency movements and high raw material costs. [29 Feb 2012]
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Bayer: sales and EBIT at record levels
Sales increase by 4.1 percent to EUR 36,528 million / Operating result (EBIT) improves by 52.0 percent to EUR 4,149 million / EBITDA before special items advances by 7.2 percent to EUR 7,613 million at Bayer. [28 Feb 2012]
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Werner Wenning to be proposed as Chairman of the Supervisory Board of Bayer AG
At a meeting, the Supervisory Board decided to propose to the Annual Stockholders’ Meeting on April 27, 2012 that Werner Wenning be elected to the Supervisory Board of Bayer AG with effect from October 1, 2012. [28 Feb 2012]
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BASF achieves top results in 2011 and has ambitious targets for 2012
BASF significantly surpassed the record levels of 2010 in sales and earnings, and thus again earned a high premium on its cost of capital in 2011. [24 Feb 2012]
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Jotun’s revenue rises 9% in 2011
Jotun’s long-term growth trend continued in 2011 with improved sales in most segments and divisions, due to improved markets in Asia and parts of the Middle East. [20 Feb 2012]
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Eastman to acquire Solutia
Eastman Chemical Company and Solutia Inc. have announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global leader in performance materials and specialty chemicals. [27 Jan 2012]
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PRA publishes the "Call for Papers" for the 8th International Woodcoatings Congress
Speakers are invited to submit papers to the congress organisers describing new developments in coatings for interior or exterior wood. A range of papers is welcome, from fundamental research to practical end-use applications: from research institutes, academia, raw material suppliers, equipment manufacturers and paint formulating companies. [26 Jan 2012]
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Eastman announces fourth-quarter and full-year 2011 results
Eastman Chemical Company hs announced earnings from continuing operations of $0.71 per diluted share for fourth quarter 2011 versus $0.11 per diluted share for fourth quarter 2010. [26 Jan 2012]
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DuPont delivers record full-year earnings with 20% growth in 2011
“We delivered exceptional full-year results in 2011 despite significant market headwinds late in the year,” says DuPont Chair and CEO Ellen Kullman. [24 Jan 2012]
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Bayer MaterialScience builds multipurpose plant for coating raw materials
Bayer MaterialScience has begun construction of a multipurpose production plant for polyurethane coating raw materials at Chempark Leverkusen [20 Jan 2012]
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DSM to launch new line of bio-based floor coatings
Royal DSM has signed a Memorandum of Understanding between its US DSM Functional Materials unit and Empresa Brasileira de Biotechnologia (Ebrabiotech) of Brazil for the launch of a new line of DSM-branded bio-based materials for concrete floor coatings. [18 Jan 2012]
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Ecology Coatings enters into a license agreement with BASF Coatings GmbH
Ecology Coatings is providing BASF a non-exclusive license for the use of four of its patents that relate to the coating of metal objects, fibreglass panels and olefin plastics (e.g. car bumpers). [18 Jan 2012]
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Tikkurila to reduce personnel in Finland
Tikkurila has concluded the co-operation negotiations started in November 2011. As a result of the negotiations, a total of 62 persons, working in various functions of the company, will be dismissed. [16 Jan 2012]
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AkzoNobel to take 100% control of Metlac Group
AkzoNobel plans to strengthen its position in packaging coatings by exercising the right to buy the remaining shares of Metlac, an Italian based packaging coatings producer. [9 Jan 2012]
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Clearwater advises on sale of speciality chemicals solutions firm
Clearwater Corporate Finance has advised Unilever Ventures and RahuCat management on the sale of Rahu Catalytics Ltd to OM Group. [9 Jan 2012]
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RPM reports fiscal 2012 second-quarter results
RPM International Inc. has reported sharply improved net sales for its fiscal 2012 second quarter ended November 30, 2011. Net income increased slightly and earnings per diluted share were flat, due to higher raw material and acquisition-related expenses. [5 Jan 2012]
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OM Group acquires Rahu Catalytics
OM Group, Inc. has purchased Rahu Catalytics Limited, the developer of a unique iron-ligand based chemistry for use in environmentally friendly coatings, composites and inks from Unilever Ventures. [4 Jan 2012]
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Huntsman Announces Acquisition of Turkish Polyurethanes Systems House
Huntsman Corporation has announced that it has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul, Turkey. [30 Dec 2011]
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Tikkurila completes the divestment of two retail stores in Sweden
Tikkurila has completed the sale of its two retail stores in Sweden. [30 Dec 2011]
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DIC Signs Letter of Intent to Take Over All Businesses of New Zealand’s Pacific Inks
DIC Corporation has announced that on December 1, 2011, wholly owned Singapore-based subsidiary DIC Asia Pacific Pte Ltd reached an agreement with Pacific Inks Limited of New Zealand for the DIC Group to take over all of Pacific Inks businesses. [27 Dec 2011]
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Changes in the Board of Executive Directors of BASF
The Supervisory Board of BASF has appointed Wayne Smith (51) to the Board of Executive Directors. [15 Dec 2011]
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OMNOVA Solutions Sells North American Commercial Wallcovering Assets to J. Josephson
OMNOVA Solutions has announced that it has sold certain assets of its North American commercial wallcovering business to J. Josephson, Inc., a private commercial wallcovering producer based in New Jersey. [13 Dec 2011]
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Dow Construction Chemicals Europe Supports Customers through Capacity Expansion for Production of Acrylic Solution Polymers
The Dow Chemical Company (NYSE: DOW) announces a capacity increase of 15% at the Company's acrylic dispersion plant in Villers-Saint-Paul, France. [9 Dec 2011]
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Rockwood Color Pigments and Services to Build Advanced Technology Iron Oxide Pigment Plant in the US
Rockwood Holdings Inc. has announced that its Color Pigments and Services business will build an advanced technology production facility in Augusta, GA, for the synthesis of iron oxide pigments. [6 Dec 2011]
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RPM Signs Agreement to Acquire Leading German EIFS Company
RPM Internationals Building Solutions Group has signed an agreement to acquire FEMA Farbe + Putze GmbH (FEMA GmbH) of Ettlingen, Germany. [1 Dec 2011]
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Sika acquires Duochem Inc. in Canada
Sika has acquired Duochem Inc., a privately owned company that develops, manufactures and sells polymer flooring and waterproofing products for the construction industry. [1 Dec 2011]
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Wacker expands technical centre in Mumbai
Wacker, the Munich-based chemical company, has expanded its technical centre in India. [24 Nov 2011]
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Perstorp and PTT Global Chemical plan for joint venture for the worldwide manufacturing and sales of products to the polyurethane industry
Specialty Chemicals company Perstorp and PTT Global Chemical plan to launch a joint venture dedicated to the manufacturing and sales of aromatic (TDI) and aliphatic (IPDI, HDI & derivates) isocyanates; serving the polyurethane industry. [21 Nov 2011]
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Valspar report fourth-quarter and fiscal-year results
The Valspar Corporation has reported its results for the fourth-quarter and fiscal-year ended October 28, 2011. [20 Nov 2011]
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Swan label granted to Tikkurila’s Joker and Remontti-Ässä interior paints
Two of Tikkurila’s interior paints, Joker and Remontti-Ässä were granted the Swan label on the 7th November 2011. [20 Nov 2011]
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Tikkurila to change its business model in Hungary, Slovakia and the Czech Republic
Tikkurila has signed a letter of intent to sell the entire share capital of its three sales companies in Hungary, Slovakia and the Czech Republic. [16 Nov 2011]
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New coating process to reduce the carbon footprint of the transport industry
Researchers at the University of Surrey have invented a new process to make bespoke coatings that could one day reduce the ‘drag resistance’ of ships and aeroplanes and thereby lower fuel consumption. [16 Nov 2011]
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BASF to establish global headquarters for Dispersions & Pigments division in Hong Kong
BASF plans to establish the global headquarters of its Dispersions & Pigments division in Hong Kong. [14 Nov 2011]
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Momentive Specialty Chemicals announces third quarter 2011 results
Revenues at Momentive Specialty Chemicals of $1.3 billion in the third quarter of 2011 compared to $1.2 billion during the prior year period as revenue increased due to pricing actions including the contractual pass through of higher raw material costs. [9 Nov 2011]
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Huntsman Releases Third Quarter 2011 Results
Huntsman reports strongest third quarter in company's history. [2 Nov 2011]
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BPA-free rail car lining
Hempel presents Hempadur BPA-free 37301, a new product especially engineered by Hempel USA for the rail car industry. [31 Oct 2011]
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PRA announces 8th International Woodcoatings Congress
PRA is proud to announce the 8th International Woodcoatings Congress in the series that began in 1998. As in previous years, the Congress embraces all new technical developments in coatings and treatments for interior and exterior wood applications. The theme of the Congress is "Science and Technology for Sustainable Design". [30 Oct 2011]
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Tikkurila to sell two Swedish retail stores
Tikkurila has agreed to sell all the shares in Färgglädje Måleributiken i Alvik AB as well as the assets of Alcro-Beckers AB's retail store in Uppsala, Sweden. [28 Oct 2011]
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AkzoNobel to build new coatings plant in China to meet rising demand
AkzoNobel is planning to invest around €60 million to increase the production capacity of its Automotive and Aerospace Coatings business in China. [27 Oct 2011]
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AkzoNobel to build new coatings plant in China to meet rising demand
AkzoNobel is planning to invest around €60 million to increase the production capacity of its Automotive and Aerospace Coatings business in China. [27 Oct 2011]
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Cytec Adds to Its Growing Range of UV and Water-borne Products at CHINACOAT
Cytec Industries Inc. will introduce a range of UV (Ultra violet) and waterborne products at CHINACOAT to be held in Shanghai on 23rd to 25th November 2011. [24 Oct 2011]
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AkzoNobel's Q3 results
Akzo Nobel N.V. has announced revenue growth of 5 percent, driven by pricing actions to offset raw material cost inflation. [20 Oct 2011]
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PPG reports record third quarter earnings
PPG Industries (NYSE:PPG) today reported net sales for the third quarter 2011 of $3.8 billion, an increase of 11 percent versus the prior year’s third quarter. [20 Oct 2011]
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AkzoNobel announces performance improvement program
AkzoNobel has launched a performance improvement program to strengthen its competiveness, enhance its ability to grow, simplify its support structures and reduce its cost base. [20 Oct 2011]
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Evonik to build isophorone plants in Shanghai
In Shanghai, China, Evonik Industries will build world-scale plants for producing isophorone and isophorone diamine. [13 Oct 2011]
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AkzoNobel unveils one global identity for the Let’s Colour brands
Today, AkzoNobel announced an important step in its global Decorative Paints’ marketing strategy: a single global brand identity for its retail consumer paint range. [11 Oct 2011]
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Altana Acquires Production of Metalure Pigments from Avery Dennison
ECKART Effect Pigments, a Division of ALTANA AG, has signed an agreement to acquire the production of Metalure pigments from Avery Dennison. [6 Oct 2011]
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RPM Acquires European Fire Protection and Insulation Business
RPM International has announced that its Performance Coatings Group has acquired the Grupo P&V group of companies, a leading European vertically integrated supplier of passive fire protection and insulation products. [5 Oct 2011]
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Clariant sells its Polysilazane coatings business
Clariant, a world leader in specialty chemicals, has announced the sale of its Polysilazane coatings business. [4 Oct 2011]
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PolyOne Accelerates Specialty Growth with Agreement to Acquire ColorMatrix Group
PolyOne Corporation, a premier global provider of specialised polymer materials, services and solutions, has announced an agreement to acquire ColorMatrix Group, Inc. [3 Oct 2011]
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