• Industri Kapital to sell CPS Color

    June 12, 2008
    || Industri Kapital (IK) has signed an agreement with Nordic Capital Fund VI regarding the sale of CPS Color Group Oy. Based in Vantaa, Finland and with approximately 900 employees in eleven countries, CPS Color is a global supplier of advanced tinting…

  • Hempel to stop paint production at Denmark site

    June 12, 2008
    || Paint production at Hempel’s factory in Lundtofte, Kgs. Lyngby, Denmark, will continue until May 31, 2010. After that point, a new factory in Poland will take over. Hempel’s remaining departments in Lundtofte, Kgs. Lyngby, Denmark, will n…

  • BASF to strengthen its automotive industry in India

    June 12, 2008
    || BASF has made plans to expand its offerings for the automotive industry in India with investments in plants and technology. The company will build a new engineering plastics compounding plant at its existing site in Thane, which is expected to come o…

  • Tikkurila Expands in Romania

    June 12, 2008
    || Tikkurila, which is responsible for Kemira’s paints and coatings business, has strengthened its position in the Southeasteuropean paint market. The company has agreed to establish a trading company by the name of Tikkurila JUB Romania with the…

  • Berger Paints to acquire Bolix

    June 12, 2008
    || Berger Paints India Ltd. said in Mumbai on April 29, 2008 that it will invest $38.6 million to acquire Polish firm Bolix SA. The acquisition will be made through Berger’s wholly-owned subsidiary Cyprus.…

  • Berger-Becker Acroma Paints to launch coating products in India

    June 12, 2008
    || The Kolkata-based paint manufacturer Berger Paints Ltd. has tied up with Italian Becker Acroma Spa to launch water-based and polyurethane wood-finish products for the Indian market. These two products will be followed by glass paints, clear coats, fl…

  • 3M to expand manufacturing

    June 12, 2008
    || 3M has announced its intent to build a new facility in Singapore to produce coatings for film-based products used in commercial, electronic and automotive applications. “This investment brings us closer to our customers and creates a regional s…

  • New VTZ coating capacity

    June 12, 2008
    || The construction of a new anticorrosion external coating line for large diameter pipes began at TMK’s Volzhsky subsidiary. The maximum capacity of the line is 650,000 tons of pipes annually. These new facilities will supplement the two existing…

  • Tikkurila to sell its stake

    June 12, 2008
    || Tikkurila has signed an agreement to sell its 50% stake in Sto-Tikkurila to the other party, Sto AG of Germany. The joint venture Sto-Tikkurila was established in June 2006 in Moscow, Russia, with the business idea of production and project sales of…

  • RPM acquires Flowcrete Group

    June 12, 2008
    || RPM International Inc. has acquired Flowcrete Group, a global manufacturer and marketer of resin flooring systems for industrial and commercial applications. Flowcrete, established in 1982 and headquartered near Manchester, England, has sales of appr…

  • Rohm and Haas acquires powder coatings distributor in France

    June 12, 2008
    || Rohm and Haas Europe Sarl acquired ACIL, its former exclusive distributor for the French powder coatings market. Based in Savigneux, France, ACIL has for 14 years positioned itself as a strong player in the French powder coating industry. “Thro…

  • Henkel reorganizes automotive division

    June 12, 2008
    || Henkel has reorganized its automotive division to better align Henkel’s product portfolio with specific customer needs. Henkel has aligned its business structure into groups, which encompass the total vehicle, including: Automotive Coatings, fo…

  • A Profile of the Argentinean Paint Industry

    June 12, 2008
    || Information Research (IRL) has published a new report for the South American paint sector, A Profile of the Argentinean Paint Industry. Paint demand in Argentina has been estimated at 265,000 tons in 2007 and with average growth of nearly seven perce…

  • ShawCor announces contract to provide anticorrosion and concrete weight coating services to Gazprom in Russia

    Tim WrightJune 11, 2008
    || ShawCor announces contract to provide anticorrosion and concrete weight coating services to Gazprom in Russia

  • Lafontaine Automotive Group going green with PPG waterborne refinish system

    Tim WrightJune 9, 2008
    || Lafontaine Automotive Group going green with PPG waterborne refinish system