Breaking News
Tim Wright
May 17, 2006
DuPont has announced that it will open a coatings plant in China to meet growing demand as it closes European plants that failed to achieve profit targets.
The factory in the Jiading district of Shanghai will begin production in late 2007 with an…
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Tim Wright
May 17, 2006
Alcro-Beckers AB, part of the Finnish Tikkurila that is responsible for the Kemira Group’s paint business, has agreed to sell its factory site located near the center of Stockholm to Skanska. The preliminary price has been set at €36.3 mil…
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Tim Wright
May 15, 2006
Valspar has reported net income for the second quarter ended April 28, 2006 of $47,935,000 versus net income of $39,241,000 for the comparable period last year. Sales for the quarter increased 8.6% to $766,816,000, compared to $705,942,000 last year.…
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Tim Wright
May 15, 2006
Following consultation with the Didcot-based BASF Coatings Refinish team, agreement has been reached to relocate to the organization’s head office and production facility based at Deeside by July 2006.
This will bring all the BASF Coatings d…
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Tim Wright
May 15, 2006
Unaxis has announced that its coating services business unit, Balzers, has acquired the PVD coating operations of Gold Star Coatings, a subsidiary of the industrial tooling group Star Cutter Co.
Balzers assumes the function of coating partner for…
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Tim Wright
May 7, 2006
Michelman, a global manufacturer of performance enhancing coatings, has acquired the Wagers Corporation. The transaction includes Wagers' color coating products, inks, intellectual property and sales. The acquisition bolsters Michelman's portfolio of…
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Tim Wright
May 3, 2006
BASF has formed an agreement to acquire resins manufacturer Johnson Polymer, a subsidiary of JohnsonDiversey Inc., a U.S.-based cleaning and hygiene products manufacturer. The agreement provides for a sale price of $470 million. The transaction…
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Tim Wright
May 3, 2006
PPG Industries has acquired certain assets of Eldorado Chemical Co., Inc., a manufacturer of paint strippers and technical cleaners for the aerospace industry.
“Eldorado’s products complement PPG’s coatings aftermarket business,…
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Tim Wright
May 3, 2006
Expanding its presence in the Chinese architectural coatings market, PPG Industries has agreed to acquire certain assets of Shanghai Sunpool Building Material Co., Ltd., and its associated companies, including Shanghai IDI International Co., Ltd., an…
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Tim Wright
April 27, 2006
Sherwin-Williams reported first quarter sales increased 14.9% to $1.8 billion, compared with sales of $1.54 billion during the same period last year.
The company also reported a first-quarter net income of $113.7 million, nearly a 37% jump from a…
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Tim Wright
April 27, 2006
Ace Hardware has taken another step to strengthen its paint division, naming Jack Wickham as the director who will oversee all operations at the Ace Paint manufacturing plants in Matteson and Chicago Heights, IL, as well as sales of Ace Paint and rel…
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Tim Wright
April 27, 2006
Akzo Nobel is continuing to build its position in Central Europe having signed an agreement to acquire Balakom a.s., one of the leading paint companies in the Czech Republic.
Based in Opava in the Czech Republic, the purchase of Balakom will incre…
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Jason Lawton
April 20, 2006
The Dow Chemical Company is set to build a chemical plant in Zhangjiagang in the Jiangsu Province of China. The plant will produce oxide-based glycol ethers used in paint, coatings, ink and cleaning products. It is scheduled to begin operating in lat…
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Jason Lawton
April 20, 2006
The Valspar Corporation has elected Peter McCausland to the Valspar Board of Directors. McCausland is chairman and CEO of Airgas, Inc. Based in Radnor, PA, Airgas distributes industrial, medical and specialty gases, as well as welding, safety a…
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Tim Wright
April 12, 2006
Pulte Homes, Inc., one of the nation's largest homebuilders, has signed a five-year agreement with The Sherwin-Williams Company as its exclusive provider of paint products. Financial terms of the agreement were not released.
In its search, Pulte l…
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