Popular Science’s 2022 Best of What’s New Awards Recognizes GLIDDEN Max Flex Spray Paint by PPG
PPG announced that GLIDDEN MAX FLEX™ spray paint and primer by PPG has been awarded a Best of What’s New Award 2022 by Popular Science magazine in the home category. GLIDDEN MAX FLEX™ spray paint by PPG is an interior/exterior paint + primer featuring an innovative lacquer-based formula and unique spray pattern that provides a high-coverage, ultra-durable coating on a wide range of surfaces. With a five-minute dry time, … Continue reading Popular Science’s 2022 Best of What’s New Awards Recognizes GLIDDEN Max Flex Spray Paint by PPG
AkzoNobel completes acquisition of Lankwitzer Lackfabrik’s aluminum wheel liquid coatings business
AkzoNobel has completed the acquisition of the wheel liquid coatings business of Lankwitzer Lackfabrik GmbH, a deal which strengthens the company’s performance coatings portfolio. The acquired business will complement AkzoNobel’s existing powder coatings offering and expand the range of innovative products the company supplies. Operating out of a manufacturing site in Leipzig, Germany, Lankwitzer’s Rims and Wheel business supplies approved products for car manufacturers such … Continue reading AkzoNobel completes acquisition of Lankwitzer Lackfabrik’s aluminum wheel liquid coatings business
New additive TEGO® Powder Aid D01 improves powder coating formulations in many ways
Evonik Coating Additives has developed a new, multifunctional polymer additive for powder coating formulations: TEGO® Powder Aid D01 makes the formulation easier to disperse during extrusion by promoting pigment wetting and effectively reducing melt viscosity. Evonik´s Coating Additives Business Line has developed a new, multifunctional polymer additive for powder coating formulations: TEGO® Powder Aid D01 makes the formulation easier to disperse during extrusion by promoting … Continue reading New additive TEGO® Powder Aid D01 improves powder coating formulations in many ways
GLIDDEN MAX FLEX Spray Paint by PPG Wins The Home Depot’s 2022 Innovation Award
PPG announced that GLIDDEN MAX FLEX™ spray paint and primer by PPG was recently named the overall winner of The Home Depot 2022 Innovation Award. The annual awards recognize products that offer outstanding performance and extraordinary value to customers, with the end goal of making life easier for Pro and DIY shoppers alike. Glidden Max Flex spray paint uses a lacquer-based formula to eliminate common consumer pain … Continue reading GLIDDEN MAX FLEX Spray Paint by PPG Wins The Home Depot’s 2022 Innovation Award
Evonik partners with new distributors for VESTENAMER® and VESTOSINT® high-performance materials
Evonik is working with two new partners to distribute the groups high-performance polymers. Since October 1, 2022, TER Chemicals already took over the distribution of VESTOSINT® polyamide 12 powders across Europe, the Middle East and Africa (EMEA) and effective November 1, 2022, Biesterfeld Performance Rubber GmbH handles the distribution of VESTENAMER® rubber additive in the EMEA region (except Italy). “We are very pleased to have … Continue reading Evonik partners with new distributors for VESTENAMER® and VESTOSINT® high-performance materials
Evonik launches next generation deaerator for UV wood coatings
Specially designed for radiation cured wood coatings the new deaerator, TEGO® Airex 923, is a highly compatible 100% active organic polymer that shows improved efficiency. Evonik’s Coating Additives business line has added a new deaerator to its portfolio. Specially designed for radiation cured wood coatings the new deaerator, TEGO® Airex 923, is a highly compatible 100% active organic polymer that shows improved efficiency. UV-curable coatings … Continue reading Evonik launches next generation deaerator for UV wood coatings
PPG to exhibit latest powder coatings developments at FABTECH 2022
PPG is an industry leader in powder coatings and the company’s commitment to innovation has resulted in the development of several breakthrough solutions for the metal fabrication industry. These include: “Our powder coatings are a perfect fit for the metal fabrication industry,” said Maria Lamorey, PPG commercial strategy manager, Americas, Industrial Coatings. “We are always eager to show companies how PPG solutions can help them … Continue reading PPG to exhibit latest powder coatings developments at FABTECH 2022
Sherwin-Williams to Acquire German Wood Coatings Companies, Oskar Nolte GmbH and Klumpp Coatings GmbH
The Sherwin-Williams Company announced an agreement to acquire German-based Specialized Industrial Coatings Holding (SIC Holding), a Peter Möhrle Holding and GP Capital UG venture comprised of Oskar Nolte GmbH and Klumpp Coatings GmbH. The business’ portfolio of solutions includes foil coatings as well as radiation-cured and waterbased coatings for the board, furniture and flooring industry. With a presence in Europe, Asia and South America, the business has approximately 220 … Continue reading Sherwin-Williams to Acquire German Wood Coatings Companies, Oskar Nolte GmbH and Klumpp Coatings GmbH
Clear window coating could cool buildings without using energy
As climate change intensifies summer heat, demand is growing for technologies to cool buildings. Now, researchers report in ACS Energy Letters that they have used advanced computing technology and artificial intelligence to design a transparent window coating that could lower the temperature inside buildings, without expending a single watt of energy. Studies have estimated that cooling accounts for about 15% of global energy consumption. That demand could … Continue reading Clear window coating could cool buildings without using energy
Covestro delays plans for world-scale MDI plant indefinitely
Owing to the European energy crisis and a global economy that continues to weaken, Covestro has decided to pause the investment project for its new world-scale MDI plant. This also means that the decision on the plant’s future location remains open until further notice. “The war in Ukraine, the European energy crisis and the growing inflation have severly disrupted the global economy. Facing an increasingly … Continue reading Covestro delays plans for world-scale MDI plant indefinitely
AkzoNobel becomes global refinish partner for electric vehicle maker BYD
AkzoNobel has become the global refinish partner for new energy vehicle manufacturer BYD Auto Sales Company Ltd. – currently the world’s leading seller of electric vehicles. The company has been a recommended supplier of vehicle refinish products and services to BYD in China since 2017. The new deal means that agreement will continue, while extending the partnership to serve BYD’s bodyshops and approved repairer networks … Continue reading AkzoNobel becomes global refinish partner for electric vehicle maker BYD
Collaboration Opportunities Enabled by Trinseo Capability Investments in Curtain Coating Technology
First developed for the photographic film and food industries, curtain coating – also known as contour coating – is extensively used throughout the paperboard, specialty paper, adhesives, battery, and fuel cell industries. It is quickly becoming a preferred coating method where uniform coating coverage and thickness are essential, allowing producers to optimize the cost of expensive coating materials and optimize performance. Knowing curtain coaters play … Continue reading Collaboration Opportunities Enabled by Trinseo Capability Investments in Curtain Coating Technology
Solesis Expands Film & Coating Capabilities with Acquisition of Polyzen
Solesis announced that it has acquired Polyzen, LLC, a leading developer and manufacturer of polymer-based film and coating technologies for the medical device and biopharmaceutical industries. The addition of Polyzen will expand Solesis’ design and manufacturing capabilities in advanced biomaterials and broaden the service offering it delivers to its customers. “We are thrilled about what this new partnership will mean for our customers going forward,” … Continue reading Solesis Expands Film & Coating Capabilities with Acquisition of Polyzen
Clariant completes acquisition of BASF’s U.S. Attapulgite business assets
Clariant, a focused, sustainable, and innovative specialty chemical company, today announces that it has completed the acquisition of BASF’s U.S. based Attapulgite business assets for USD 60 million in cash. Structured as an asset deal, the transaction includes the transfer of land as well as mining rights, the processing facility, and inventories, which will be integrated into Clariant’s Functional Minerals business. The finalized deal also … Continue reading Clariant completes acquisition of BASF’s U.S. Attapulgite business assets
Röhm extens the shutdown of several MMA plants at Worms, Germany, on weak European demand
Röhm (Darmstadt, Germany) says it is extending the shutdown of several methyl methacrylate (MMA) monomer plants at its production site in Worms, Germany, due to low market demand in Europe. The company says the shutdown has been extended into November because of the demand downturn. The plants at Worms were previously scheduled for a maintenance turnaround lasting from 28 September to 31 October. Röhm says … Continue reading Röhm extens the shutdown of several MMA plants at Worms, Germany, on weak European demand
BASF launches Chemetall Innovation and Technology Center for surface treatment solutions in China
The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, opened its first regional innovation and technology center for applied surface treatment technology in Shanghai, China. The new 2,600 square meter center will focus on developing advanced surface treatment solutions and product innovations for a wide range of industries and market segments in Asia, for Asia. “The opening of this … Continue reading BASF launches Chemetall Innovation and Technology Center for surface treatment solutions in China
Celanese lifts force majeure on majority of acetyls in Western Hemisphere
Celanese (Dallas, Texas) has lifted a force majeure declared in May this year on a range of acetyl products in the Western Hemisphere. The company says it is lifting the force majeure declared on 11 May for acetic acid, vinyl acetate monomer, ethyl acetate, acetic anhydride, vinyl and acrylic emulsions, redispersible powders, and ethylene vinyl acetate polymers. However, due to “ongoing supply chain disruptions and an inability to reliably … Continue reading Celanese lifts force majeure on majority of acetyls in Western Hemisphere
Sherwin-Williams to Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.p.A.
The Sherwin-Williams Company announced an agreement to acquire Industria Chimica Adriatica S.p.A. (ICA), an Italian designer, manufacturer and distributor of industrial wood coatings used for kitchen cabinets, furniture and décor, building products, flooring and other specialty applications. The acquired business has annual sales of more than €150 million, with sales and operations globally, including production facilities in Italy and Poland, and ICA’s interest in the India-based joint venture, ICA … Continue reading Sherwin-Williams to Acquire Italian Wood Coatings Company Industria Chimica Adriatica S.p.A.
BASF achieved solid EBIT before special items despite continued high raw materials and energy prices
“Despite the continued high raw materials and energy prices, BASF achieved solid earnings in the third quarter,” said Dr. Martin Brudermüller, Chairman of the Board of Executive Directors of BASF SE, presenting the results for the third quarter of 2022 together with Chief Financial Officer Dr. Hans-Ulrich Engel. At €21.9 billion, sales were 12 percent higher than in the prior-year quarter. The sales increase was mainly driven by much higher … Continue reading BASF achieved solid EBIT before special items despite continued high raw materials and energy prices
Evonik increases additive capacities for architectural paints
Evonik’s Coating Additives business line is increasing capacities of two additive product groups for architectural paints: TEGO® Phobe hydrophobing agents and TEGO® Viscoplus polyurethane thickeners. The new capacities will be available from October. “The capacity increase is our response to the increased demand for additives for architectural paints,” says Nadia Lenhardt, head of the Decorative Coatings market segment in EMEA. “The additional capacity in Europe … Continue reading Evonik increases additive capacities for architectural paints
Covestro achieves EBITDA guidance despite looming recession
Covestro’s business performance in the third quarter of 2022 was, as expected, strongly impacted by high energy and raw material prices in the face of the current European energy crisis. However, Group sales grew 7.3 percent compared with the prior-year quarter to EUR 4.6 billion (previously: EUR 4.3 billion) as a result of exchange rate movements and a considerably higher price level, especially in Europe. EBITDA fell by 65.0 percent … Continue reading Covestro achieves EBITDA guidance despite looming recession
Sherwin-Williams beats estimates on strong pricing, higher volumes in the Americas
Sherwin-Williams (SW) reported third-quarter net income up 36.4% year-on-year (YOY), to $685.1 million, on net sales up 17.5%, to $6.05 billion. Adjusted earnings totaled $2.83/share, ahead of analysts’ consensus estimate of $2.57/share, as reported by S&P Global Capital IQ. Margins expanded on a YOY basis during the quarter, as raw material availability improved, selling prices increased, and volumes grew in the Americas. “Our margins improved … Continue reading Sherwin-Williams beats estimates on strong pricing, higher volumes in the Americas
PPG reports third quarter 2022 financial results
PITTSBURGH–(BUSINESS WIRE)– PPG (NYSE:PPG) today reported financial results for the third quarter 2022. Third Quarter Consolidated Results $ in millions, except EPS 3Q 2022 3Q 2021 Y-O-Y change Net sales* $4,468 $4,372 +2% Net income $329 $344 -4% Adjusted net income** $393 $406 -3% EPS $1.39 $1.43 -3% Adjusted EPS** $1.66 $1.69 -2% *Components of year-over-year net sales change: higher selling prices … Continue reading PPG reports third quarter 2022 financial results
AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results
Highlights Grow & Deliver (compared with Q3 2021) Highlights Q3 2022 (compared with Q3 2021) AkzoNobel CEO, Thierry Vanlancker, commented: “Our €201 million adjusted operating income excluding the retrospective impact of hyperinflation accounting bring our Q3 results in line with the market update issued at the end of September. Sharply increased macro-economic uncertainties negatively impacted consumer confidence. This resulted in destocking across several distribution … Continue reading AkzoNobel revenue up 19% due to strong pricing, despite increased macroeconomic headwinds impacting results
BASF Petronas Chemicals to double 2-EHA production capacity in Malaysia
Joint venture company plans to expand the annual production capacity of 2-Ethylhexanoic Acid (2-EHA) from 30,000 to 60,000 metric tons by 2024. BASF Petronas Chemicals Sdn. Bhd., the joint venture between Germany’s BASF SE and Petronas Chemicals Group Bhd., a subsidiary of Malaysian oil company Petroliam Nasional Bhd. known as Petronas, launched on Thursday the expansion of a 2-Ethylhexanoic Acid plant in Malaysia. The project … Continue reading BASF Petronas Chemicals to double 2-EHA production capacity in Malaysia
BASF and Hannong Chemicals are planning to establish a production joint venture for the commercial production of non-ionic surfactants in Asia Pacific
Subject to the approval of all relevant authorities, BASF and Hannong Chemicals are planning to establish a production joint venture “BASF Hannong Chemicals Solutions Ltd.”. BASF will hold 51% and Hannong Chemicals 49% shareholding, in the proposed joint venture. The joint venture will combine BASF’s strong technology and product innovation capabilities with Hannong’s highly efficient production capabilities to supply best-in-class non-ionic surfactant products to BASF … Continue reading BASF and Hannong Chemicals are planning to establish a production joint venture for the commercial production of non-ionic surfactants in Asia Pacific
Antimicrobial Coatings Market worth $7.0 billion by 2027 | Exclusive Report by MarketsandMarkets
Antimicrobial Coatings Market size is estimated to be USD 4.2 billion in 2022 and is projected to reach USD 7.0 billion by 2027, at a CAGR of 10.8 %, as per the new published study by MarketsandMarkets™. Growing expenditure on healthcare infrastructure, increase in government initiative to prevent the spread of COVID-19, hospital-acquired infections (HAIs) and increasing demand for medical devices, surgical instruments, and other healthcare equipment across the globe are … Continue reading Antimicrobial Coatings Market worth $7.0 billion by 2027 | Exclusive Report by MarketsandMarkets
BYK innovation makes applications lightweight, more stable and safer
BYK Additives is launching BYK-MAX CT 4275 to the market, a novel, specially developed additive that can be used in a wide variety of polyamides – for example in the automotive industry. The optimized surface treatment and the unique morphology of the silicate provide improved dispersion and incorporation into the thermoplastic matrix while ensuring near-perfect exfoliation in polar systems. The highly reinforcing mechanism of BYK-MAX CT 4275 improves, among … Continue reading BYK innovation makes applications lightweight, more stable and safer
allnex Launches CRYLCOAT® 2406-2: Versatile Polyester Resin for Outdoor Industrial Applications
allnex, the leading supplier of specialty chemicals, offering a broad range of industrial resins including powder coating resins, energy curable resins, waterborne resins, additives and crosslinkers for use on wood, metal, plastic and other surfaces, is thrilled to announce the launch of their latest product, the CRYLCOAT® 2406-2. The CRYLCOAT 2406-2 was designed to meet the customers’ needs for an industrial outdoor grade that can … Continue reading allnex Launches CRYLCOAT® 2406-2: Versatile Polyester Resin for Outdoor Industrial Applications
Sun Chemical to Increase Prices and Surcharges on Inks, Coatings, Consumables, and Adhesives in EMEA
Sun Chemical will increase prices across its entire portfolio of packaging, commercial sheetfed, and screen inks, coatings, consumables, and adhesives in Europe, Middle East and Africa, effective immediately. The current geopolitical situation in Europe continues to upset the unprecedented inflationary trends further, with severe impact onto operating costs—including utilities and labour costs—through the entire supply chain. Sun Chemical continues to strive to find ways of … Continue reading Sun Chemical to Increase Prices and Surcharges on Inks, Coatings, Consumables, and Adhesives in EMEA
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