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Published March 12, 2009
AkzoNobel reported a €1.52 billion ($1.93 billion) loss for the fourth quarter, due mostly to writedowns on the value of Imperial Chemical Industries (ICI), which it bought last year and was hit hard by the global economic downturn. The loss com… Read More »
Published March 12, 2009
H.B. Fuller opens Asia Pacific technology center H.B. Fuller Company has opened a new technical center in Shanghai Zhangjiang Hi-Tech Park, China. The new lab, part of the company’s five-year strategic plan, is the company’s first region… Read More »
Published March 12, 2009
RPM acquires interest in Chinese licensee Carboline Company, a subsidiary of RPM, has acquired a 49% interest in its Chinese licensee, Carboline Dalian Paint Production Co., Ltd. (Carboline Dalian). The remaining 51% of the joint venture will be own… Read More »
Published March 12, 2009
RPM subsidiary acquires Swiss sealants company Tremco illbruck International GmbH, a subsidiary of RPM, has acquired Karochemie AG, a Swiss supplier of sealants to the construction markets in Switzerland and Liechtenstein. Head­quartered in Baar… Read More »
Published March 12, 2009
Sherwin-Williams to acquire Altax in Poland Sherwin-Williams has agreed to acquire Altax Sp. zo.o. headquartered in Poznan, Poland. Altax is a manufacturer of protective woodcare coatings and serves multiple channels including industrial, profession… Read More »
Published March 12, 2009
PPG files suit against Sherwin-Williams As reported in the Pittsburgh Business Times, PPG has filed a trademark infringement suit against Sherwin-Williams for its use of the phrase “The Color of Inspiration.” PPG says it has used the phr… Read More »
Published March 12, 2009
Jotun to build new U.S. factory Jotun’s board of directors has approved investment in a new factory in the U.S. because, the company said, the U.S. is an important marine market and also becoming increasingly important for the protective coatin… Read More »
Published March 12, 2009
AeonClad Coatings launches biomedical group AeonClad Coatings has launched a new subsidiary that will focus on biomedical applications. AeonClad Bio­medical LLC is expected to utilize the company’s AeonCoat dry coating technology that woul… Read More »
Published March 12, 2009
Lord Corp., AkzoNobel deal in the works Lord Corporation, headquartered in Cary, NC, retained Grace Matthews to market its Photoglaze resilient floor coatings product line to selected buyers. With operations in the U.S. and UK, the business is recog… Read More »
Published March 12, 2009
X-Rite completes sale of former headquarters X-Rite, Inc., has completed the sale of its former headquarters and manufacturing facility located in Grandville, MI, to CWD Capital, LLC for a purchase price of $7.225 million. X-Rite said it will use th… Read More »
Published March 12, 2009
Benjamin Moore retail program honored by the CMA Benjamin Moore Rewards, a program designed to recognize those on the retail frontlines, was itself recently recognized for its ingenuity and effectiveness. The Canadian Marketing Association (CMA) cit… Read More »
Published March 12, 2009
Dow to Close LDPE Plant in Freeport, TX Driven by current economic conditions and overcapacity for low density polyethylene (LDPE) in the North… Read More »
Published March 12, 2009
Bayer Reduces Work Time Bayer MaterialScience, in an effort to offset the effects of the financial crisis, has temporarily lowered the company’s work time by 6.7% with corresponding reductions in salaries for non-managerial employees.… Read More »
Published March 12, 2009
Wacker Polymers extends its vinnapas and vinnol portfolio Wacker Polymers changed the name of its Airflex, Flexbond, Flexcryl and Vinac products. All vinyl acetate homopolymer, vinyl acetate-ethylene and acrylic copolymer grades will be known as Vian… Read More »
Published March 12, 2009
Huntsman CUts Workforce, Closes titanium dioxide plant Huntsman Corp. has recently enacted a company-wide initiative to reduce costs across its division and functions, which will eliminate 117 jobs by year-end, or nine percent of its workforce. Full… Read More »
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