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News (170)


IN Aims to Repeal Public Works Base Pay

Public-works construction crews would lose their 80-year-old base wage protection under a bill now working its way through the Indiana State Assembly.


Profits Fall, But Akzo Stays the Course

Gains in protective and marine coatings, operating income and sales volume all helped AkzoNobel battle the 2014 headwinds of decorative paints and adverse currencies, leaving the company blo...


Towers Top Out at Record Rates

It's a tall world after all—taller than ever, in fact, with record numbers of vertiginous structures topping out in 2014 and many more ahead.


PPG Announces 'Successful' 2014

PPG Industries has continued its financial hot streak, posting record full-year sales and yearly and quarterly gains in each segment.


Sting Abandons his Sinking 'Ship'

Shipbuilding must be in even worse shape than we thought. Even Sting couldn't save it. Producers of the UK rocker's Broadway musical The Last Ship have announced that the show will cl...


N. America to Lead Silica Sand Boom

Uncle Sam may be worried about silica, but North American industry apparently is not, as the region prepares to lead the global growth of silica sand through 2018, according to a new market ...


Industry Executives Feel a Pay Pinch

U.S. construction and engineering may be bouncing back, but one surprising player is not feeling the love: the boss.


Construction Surge Seen for 2015

U.S. public-works projects will rebound and manufacturing plant construction will remain strong amid a generally robust year for construction starts, according to a major new industry foreca...


Sherwin-Williams Reins in Outlook

Paving the way for a tempered fourth-quarter report, Sherwin-Williams has unveiled a conservative update to its 2014 earnings forecast and a mixed look at 2015.


Nanocoatings Set for Mega Growth

Good things come in small packages, as the global market for nanotech-based coatings is poised to show, according to a new forecast.


Job, Pay Trends Signal a New Normal

All boats are rising with the post-recession tide, but they are not rising equally—and the construction and engineering rock stars of tomorrow will be different from those of yesteryear, a n...


Job Boom Spurs Calls for More Training

U.S. construction unemployment, which neared 20 percent at the height of the recession, has now shrunk to just seven percent, with 230,000 jobs added in the last year, a new analysis shows.


U.S. Sees Strong Coatings Exports

The U.S. has seen strong numbers in coatings exports so far in 2014, the American Coatings Association reported.


U.S. Infrastructure Misses Top 10

The U.S. is falling behind 11 other economies in the latest global ranking of infrastructure competitiveness.


Thin Workforce Overshadows Optimism

Construction employment has expanded in two-thirds of U.S. metro areas, and spending is at a five-year high—a boom that may be squandered if the industry cannot fill its ranks, a leading con...


Congress OKs 11th-Hour Highway Bill

With backs to the wall and less than three hours to act, the U.S. Congress agreed Thursday night to put a 10-month, $10.8 billion Band-Aid on the near-empty federal fund that pays for highwa...


Urban Research Banks Against Beige

Could a blue bridge bring more cash to a city’s coffers than a brown bridge? New global research funded by AkzoNobel will put that notion to the test.


Report: Infrastructure Jobs Underplayed

Infrastructure jobs account for 11 percent of U.S. employment, but the typical shovel-ready focus overlooks the much larger workforce needed for long-term operational jobs, a new report says...


DOT Budget Bill Aims to ‘Grow America’

“Transformative transportation projects” that will save bridges, strengthen roads, extend rail, stabilize funding, improve safety, and employ millions of Americans are the promise of a $302 ...


Ups and Downs at Sherwin-Williams

Mother Nature’s wrath and currency issues bedeviled Sherwin-Williams in the first quarter of 2014, dampening profits despite record sales.


Contractors Act to Avert Labor Pinch

A new plan aims to combat a shortage of skilled construction workers by pushing legislative and regulatory reforms that would make it easier to establish career and technical training progra...


Paint Firm Funds Exorcism Ritual

An ancient Cambodian dance believed to ward off evil spirits is getting a budget boost from a paint company, just in time to save the country's fading New Year tradition.


Bill Hooks Contractors for Sub Pay

If your sub or labor temp agency is shortchanging its workers, is that your problem? It will be—at least, in California—if one legislator has his way.


Construction Jobs, Spending Hit Highs

It’s shaping up to be a good year for the U.S. construction industry, which is seeing its highest employment rate in nearly five years and its steepest spending increase since 2006, the Asso...


GM Spends $1.2B on New Paint Plants

General Motors broke ground Monday (March 3) on a $600 million environmentally friendly paint shop in Flint, MI, bringing to $1.2 billion the automaker’s paint plant investment in the last y...


Wage Hike Ordered for U.S. Contractors

Employees of federal contractors will see an increase in their minimum hourly pay to $10.10, under a new Executive Order signed by President Obama.


AIA Pitches Congress on Safety, Funding

Stronger bridges, safer structures, tighter buildings—and a funding mechanism to pay for them all—lead America's architectural agenda for 2014.


Record Q4 Seals Banner Year for PPG

PPG Industries crowned 2013 with a blockbuster fourth quarter dominated by double-digit growth in Performance and Industrial Coatings.


25% of U.S. States Raise Hourly Wage

Thirteen states raised the minimum wage for workers on Jan. 1, bringing to 21 the number nationwide that are now paying workers above the federally mandated minimum.


Construction Spending Hits 4-Year High

An “unusual surge” in public construction unexpectedly pushed total U.S. construction spending in October to its highest level in more than four years, the Associated General Contractors of ...


Historic UK Shipyard to Shut Down

Five centuries of shipbuilding will come to an end next year, as British defense contractor BAE Systems has announced plans to close its dockyard in Portsmouth, England, the home of the Roya...


Building Jobs, Spending Keep Growing

U.S. construction unemployment hit a six-year low in September, on the heels of a four-year high in project spending the month before, the federal government reported.


Coating Makers Assail Shutdown

America’s paint and coating manufacturers have joined the growing public call on Congress to settle its budget differences and reopen the U.S. federal government.


Manufacturers Flag Infrastructure Woes

Calling the deterioration of America's infrastructure a "legacy of past investments," U.S. manufacturers are warning that declining transportation networks will weaken the nation's global co...


$71M Spent Before Navy Scrapped Sub

The U.S. Navy spent $71 million trying to repair a nuclear sub torched by a painter before deciding to scrap the vessel, a new report states.


AkzoNobel Plans New Wave of Downsizing

AkzoNobel continues to shrink its European footprint, with a new plan to close more than half of its German offices in the wake of recent divestments.


U.S. Paints, Coatings to Top $30.6B

Industrial maintenance and marine coatings in the United States will see slow but steady growth in the wake of a five-year rebound blazed by the architectural ector, according to a new marke...


Top 100 Infrastructure Projects Named

More than $435 billion in new pipelines, airports and transportation projects are among the top 100 infrastructure projects strategically important to progress throughout North America, acco...


Navy to Scrap Painter-Torched Sub

Unable to foot a $700 million repair bill, the U.S. Navy has decided to scrap a nuclear submarine severely damaged last year in a blaze set by a painter.


Paint Makers Unite over Chemical Bill

U.S. coating suppliers are pulling out the stops to help pass what they call a "groundbreaking" overhaul of the nation's 37-year-old chemical safety laws.


12 Shipyard Operations to Share $9.46M

Ship painting, blasting and manufacturing operations in 10 states will see expanded capabilities, facility upgrades and new technologies from $9.46 million in newly released federal grants.


$850M Revives Auto Paint Plant Plans

Once on the chopping block, an automotive paint shop in Michigan is now being transformed into a state-of-the-art facility as part of an $850 million investment by Chrysler Group LLC.


Sherwin-Williams Sees Q2 Profit Gain

The Sherwin-Williams Company reported a 13 percent profit increase for the second quarter, but also announced a snag in its planned $2.34 billion acquisition of Comex Group.


PPG’s Q2 Records Sales, Income Gains

In a record second quarter, PPG Industries announced double-digit percentage sales gains for both industrial and performance coatings segments, boosting the paint and coatings company from a...


Joblessness Drops; Jitters Don’t

Replacing old worries with new ones, the construction labor market in the U.S. may be swinging from glut to shortage in just a few short years, experts are saying.


Construction Jobs See All-Around Growth

Construction jobs are up and unemployment is down, with some of the most promising figures seen since 2008, a new analysis shows.


Obama Urges Faster Track for Projects

Calling for more green lights and less red tape, President Obama has announced an initiative to halve the time needed to launch infrastructure construction projects.


$500M Set for Sandy-Hit Water Works

Water-treatment facilities across New York and New Jersey will receive more than $500 million to tackle repairs and upgrades desperately needed after Hurricane Sandy, the U.S. Environmental ...


Historic Bridge Projects Get $3B Boost

Three major bridge projects connecting Staten Island and New Jersey have taken a $3 billion step forward, juiced by new funding approvals from the Port Authority of New York and New Jersey.


Sherwin-Williams Rings Up Record Q1

Protective and marine coatings held their own, but Sherwin-Williams' paint stores did the heavy lifting in the first quarter, delivering record sales and earnings for the Cleveland-based pai...


Shipyard Workers Get Layoff Reprieve

Cost-cutting “furloughs” for shipyard painters, maintenance crews and other civilian defense workers have been put on hold as the Department of Defense weighs a stop-gap budget bill newly pa...


Painter Gets 17 Years for Sub Arson

A civilian painter has been sentenced to 17 years in prison and $400 million in restitution after setting fire to a U.S. Navy nuclear submarine last May, the U.S. District Attorney’s Office ...


Shipyards Warned of Mass Layoffs

Threatened cutbacks by the U.S. Navy could soon cost thousands of American shipyard workers their jobs, BAE Systems is warning its employees.


GM to Invest $600M in KS Paint Shop

General Motors has announced plans to spend $600 million on a brand-new paint shop, including new technology and environmental enhancements.


ASCE Reports on Infrastructure Gap

Without an extra $1.57 billion per year invested in U.S. infrastructure, the country will face a rough road ahead, according to a new report on infrastructure investment.


PPG Rounds Out Record Year

Rounding out a year of record financials, PPG Industries Inc. reported Monday that each quarter of 2012 saw new earnings records, with higher full-year earnings in each major region.


Carboline Parent Notches Strong Q2

Protective coatings giant RPM International Inc. reported strong sales and earnings in its second quarter, but remained weighed down by continuing charges that dampened its first quarter.


U.S. Construction Labor Shortage Looms

A two-million-worker gap between construction labor demand and supply in parts of the U.S. could be the industry's next crisis as the workforce continues to shrink amid a strengthening econo...


'Cliff' Scenario Threatens Infrastructure

The looming U.S. "fiscal cliff" could have disastrous implications for debt-financed bridges, tunnels, pipelines and other infrastructure, a global rating agency warns.


Valspar Leaves 2012 on an Up Note

The Valspar Corp. ended fiscal year 2012 with a flat quarter, stronger share prices, and a modest overall sales increase for the year—overall, good enough for a solid rebound from its massiv...


S-W Protective a Dim Spot in Bright Q3

Sherwin-Williams’ paint stores rode to the rescue of its Global Finishes Group in the third quarter, with a strong performance that more than offset weaker sales in the protective, marine, a...


Paint, Pigment Hits Spur DuPont Layoffs

Shedding its auto paint business and stung by declining demand for titanium dioxide, DuPont will lay off 1,500 workers as part of a “targeted restructuring plan” to improve performance, the ...


PPG Belt-Tightening Yields Record Q3

PPG Industries has topped its record second-quarter earnings with another quarterly high, implementing cost savings that produced a modest profit despite generally flat sales, the company an...


ASCE Sees $35B Gap for Ports, Airports

Higher shipping costs, higher consumer prices, and the loss of one million jobs are among the consequences of an estimated $35 billion shortfall in marine port and airport investment in the ...


Construction Sector Jobs Set to Rebound

Here’s a stunner for anyone who has been living amid the job-hemorrhaging wreckage of the construction industry in recent years: Things are about to get better.


Top 100 Projects to Bring 18M Jobs

Michigan’s new international bridge crossing, Canadian pipelines, an Ontario nuclear plant, and high-speed rail in California are among the North American megaprojects likely to pack the con...


FTA Grants Draw Fire from Auditors

Federal transportation officials are pouring tens of billions of dollars into state and local projects without paying enough attention to how that money is spent—or even following up on know...


US DOT Expands New Infrastructure Aid

The federal government is offering states and cities nationwide a shot at a record $17 billion in loans for critical infrastructure projects, funded by the new surface transportation bill.


Lone Star Infrastructure Named No. 1

Don’t mess with Texas infrastructure and transportation; they’re the best in the United States, according to a new ranking by CNBC.


DOT Awards $500M to Transit Projects

Bridges in Indiana and Maine, ports in California, freight rail in Chicago and Texas, and streets in Alabama are among 47 transportation projects nationwide that will share nearly $500 milli...


ACA to Gather, Report Coating Shipments

If the government won’t track data on coatings shipments, the manufacturers will do it themselves.


Painter Outlook: Sunny, Tilting South

Washington is painting a bright job picture for industrial painters for the rest of the decade, with decent wages and strong job prospects, especially in the South.


Uprisings Spur Paint Market Growth

Q: What do revolution and soccer have in common? A: Both are good at stepping up paint and coatings demand.


Tax Breaks to Expire; Tips Offered

Without action from Washington, painters and other specialty trade contractors “could see a significant tax increase next year, as about 50 tax provisions expire at the end of this year,” th...


Global Coatings to Top $107B by 2017

Rapid industrialization in Asia-Pacific and other developing regions will expand the global coatings market in the next few years, despite flattening demand in the developed world, a new mar...


DOT Budget Plan Built on Infrastructure

President Obama has unveiled a 2013 transportation budget proposal that would nearly double infrastructure spending over the next six years and step up the federal investment in pipeline saf...


$4B Sale of DuPont Coatings Unit Seen

After a last-ditch “grace period” to turn around its performance, DuPont’s auto paint business is out of gas and up on the auction block, news reports say.


Global Surge Seen in Coating Demand

Rebounding global construction and manufacturing will spur steadily growing demand for paint and coatings through 2015, a new market forecast reports.


Coating Declines Drag Down Dow’s Q4

A widespread slump in coatings demand and Europe’s economic uncertainty dealt a sharp blow to Dow Chemical’s fourth quarter, with profit plunging by 47% to 25 cents a share.


Sherwin-Williams Revenues Jump in 2011

The Sherwin-Williams Company reported a robust, 12.7% increase in 2011 sales, as the company finished strongly with a 9.2% fourth-quarter gain in sales compared to the same period a year ear...


RPM Industrial Delivers Strong Q2

Industrial coatings for corrosion control, bridge decks and similar applications are ringing up double-digit gains for the parent company of Carboline, Stonhard and other well-known brands i...


Forecast: Coatings’ Fortunes Mixed

Inching its way back from the nosedive it took after 2006, the U.S. coatings market is still struggling in the architectural sector but faring better elsewhere, according to a first look at ...


Top 100 Infrastructure Plans = $784B

Fueled by pent-up demand and an appetite for mega-projects, the world’s countries will spend nearly $800 billion on their top infrastructure projects in 2012, according to a new analysis.


Comeback Seen for US Paint & Coatings

Reports of the death of the U.S. paint and coatings industry will have been greatly exaggerated (as Mark Twain might say), if a new market forecast pans out.


GOP Kills Infrastructure Jobs Bill

Republicans nipped President Obama’s $60 billion construction job initiative in the bud last week, shooting down the road and infrastructure aid package scarcely before the ink dried.


Obama to Congress: ‘Time to Act’ on Construction Jobs

Backdropped by an aging bridge to drive home his point, President Obama urged Congress this week to help revive the battered construction industry by passing an infrastructure jobs bill.


Powder, New Tech Drive Coatings Growth

Led by powder coating and emerging technologies, the global paint and coatings market should grow at a modest clip over the next several years, totaling $116.4 billion by the end of 2015, a ...


PPG Paints a Profitable 3rd Quarter

Strong showings by Performance Coatings and Industrial Coatings helped bring home a powerful third quarter for PPG Industries, the company reported Thursday (Oct. 19).


Weak Q3 Spurs New Plan at AkzoNobel

AkzoNobel delivered both a grim diagnosis and a treatment plan Thursday (Oct. 20), simultaneously unveiling a thin third quarter along with a “performance improvement program” to turn the nu...


DOT Awards $928.5M for Transit Repair

More than 300 public transportation projects across the country will benefit from nearly $1 billion in federal grants to repair, rebuild and modernize the nation’s transit infrastructure.


NJ to Pay $95M for Scrapped Tunnel

Payback may be hell, but some people finesse it better than others. Take New Jersey Gov. Chris Christie.


Rust Coatings Fuel Strong Q1 for RPM

Booming sales in corrosion-control coatings helped deliver a powerful first quarter of double-digit gains for the parent company of Carboline and other major industrial coatings brands.


TX Wins, CA Loses in Mixed Job Picture

Private-sector construction has inched upward, only to be clobbered by declining public-sector activity, yielding patchy improvement on the nation’s construction job front, a new analysis sh...


Jotun, Praxair, MesoCoat Add Plants

Global production of protective and marine coatings is surging, with Jotun, Praxair and MesoCoat announcing new facilities in the U.S. and abroad.


Obama Sends Job Bill to Congress: ‘Let’s Get Back to Work’

Urging “no games, no politics, no delays,” President Obama sent his new job creation package to Congress on Monday (Sept. 12) with a call for swift action.


Obama Kills EPA’s Tougher Ozone Rule

Bowing to 20 months of pressure from Republicans and the business community, the Obama administration has finally withdrawn its plan to further tighten ozone emission standards.


BASF Plans $720M Plant in Brazil

BASF, the world’s largest chemical company, will make its largest investment in 100 years in South America with a new $720 million world-scale production site in Brazil to manufacture severa...


Industrial Coatings Pump Up Valspar

Strong growth in new and industrial coatings helped propel the Valspar Corp. to a 22.5% overall sales increase in the third quarter, although net income dipped slightly from a year ago.


Boon Seen for Asia-Pacific Coatings

The Asia-Pacific paint and coatings industry—which already accounts for a whopping one-third of the global paint market—is riding a tide of “impressive growth” and should top $53.55 billion ...


Railcar Assemblies on the Upswing

Federal authorities are investigating the electrocution of a worker at a railcar repair and painting facility in Arkansas.


AkzoNobel to Acquire Surfactant Maker

AkzoNobel plans to strengthen its position in specialty surfactants while enhancing its manufacturing footprint in Asia by acquiring Boxing Oleochemicals, Asia’s leading supplier of nitrile ...


Final Census Shows Coatings Uptick

The coatings industry continues to recover at a modest rate, according to the newest—and final—U.S. Census Bureau Current Industrial Report for Paint and Allied Products.


Raw Material Costs Bite Sherwin’s Q2

Strong sales growth in protective and marine coatings was not enough to spare Sherwin-Williams an unexpected drop in second-quarter profit, and the company has cut its full-year profit forec...


RPM on a Roll: Company Says Sales Grow 10% in Quarter, 8.5% for Year

RPM International Inc. reported a 10.9% increase in sales for the company’s fourth quarter ended May 31, and said sales for its fiscal year rose 8.5%, to $3.38 billion, driven by sales gains...


Revenue Rises at AkzoNobel, but Profit Edges Down

A market demand scenario described as “volatile” contributed to a modest retreat in AkzoNobel’s second-quarter earnings, although total revenue continues to post solid gains.


PPG Rides Strong Second-Quarter Sales to New Earnings Record

PPG Industries Inc. reported record earnings for any quarter in its history, as second-quarter sales and earnings rose sharply and the company’s coatings businesses delivered “excellent resu...


Boeing Painter Wins $1.6M, But Paints On

A Boeing aircraft painter who won $1.6 million in the Missouri Lottery will get out of debt and buy a bigger house for his family of seven, but says he will keep his job.


Construction Slows Bleeding of Jobs

The good news: After years of bloodletting, construction unemployment numbers have remained stable for about a year. The bad news: Industry joblessness remains stuck at brutally high levels.


Sherwin-Williams Trumpets Record Q1

Stronger protective and marine sales, higher selling prices, strategic acquisitions and favorable currency rates all helped reap a record $1.86 billion in first-quarter net sales—an 18.5% ye...


Strong Q3 Won’t Stop RPM Price Hikes

RPM International’s industrial segment—the engine behind two-thirds of its sales—helped deliver unexpectedly strong third-quarter sales and a record share price, but that won’t stop the comp...


Blue Skies Seen for 3 Industry Markets

Better times are ahead—at least through 2015—for the global markets in corrosion inhibitors, paints and coatings, and pipes and pipe/hose fittings, according to a new series of upbeat market...


Protective, Marine Aid Banner Year for Akzo

Recovery-fueled growth in Performance, Protective and Marine Coatings helped propel AkzoNobel to a banner fourth quarter and 2010, the company reports.


Valspar Posts Gains, But Coatings Lag

Valspar Corp. notched a 25.3% overall increase in sales for the first quarter, but performance in the coatings segment carried “concern, uncertainty and hopefulness” for the company’s CEO.


Coatings Help Dow Post Record Numbers

Modest gains in Coatings and Infrastructure and record sales in emerging regions helped propel The Dow Chemical Co. to double-digit growth for both the fourth quarter and full year of 2010.


Graco Posts Banner Sales Growth for Q4, Year

Global spray-systems provider Graco Inc. posted sales gains of 30% for the fourth quarter and 20% for 2010 across all regions and segments, while cutting its operating expenses as a percenta...


Sherwin-Williams Sales Up 9.6% in 2010

Strong gains in Global Finishes, rebounding retail paint sales, and price increases powered the Sherwin-Williams Co. to a better-than-expected fourth quarter and year-end report.


Squeeze Looms for Bridge, Road Work

U.S. bridge and highway projects will contract by more than 4% in 2011, as Stimulus projects wind down and the fate of a new federal surface transportation bill remains uncertain, according ...


Private Sector Holds Key to 2011, Forecast Says

Nonresidential construction is holding its own, with expectations improving, but contractors should not count on Uncle Sam for as much work next year.


Performance Coatings, Materials Lift DuPont’s Q3

DuPont notched double-digit percentage increases in sales during the third quarter, with all segments recording “robust volume increases,” the company said.


Contractor Sales Shine in Banner Q3 for Graco

Growth in contractor and Asia Pacific sales led a blockbuster third quarter for Graco Inc., which has posted double-digit percentage revenue growth for the quarter and the year to date acros...


PPG Joins Trend in Expanding Share Repurchase

PPG Industries has added 10 million shares to its existing stock buyback program, fueling the spreading repurchasing boon among coatings and chemical companies.


Record Protective Coatings Sales Boost PPG’s Q3

Record sales and earnings for protective and marine coatings helped drive PPG Industries to an overall 7% increase in third-quarter sales and record earnings in several segments, the company...


AkzoNobel Posts 13% Revenue Increase for Q3

Double-digit gains in Performance Coatings and Specialty Chemicals boosted AkzoNobel to a 13% overall increase in third-quarter revenue, the company reported Thursday (Oct. 21).


Jotun Reports Double-Digit Profit Gain

Significant investments and strong growth in its Asian and Middle Eastern markets yielded double-digit profits for The Jotun Group in the first eight months of 2010, the company reports.


RPM Sales Dip; Industrial Segment Grows

Despite sharp improvement in industrial segment sales, RPM International Inc. has reported slight declines in sales, net income and diluted earnings per share for the quarter ended Aug. 31.


EPA Rules Killing 800K Jobs, GOP Says

U.S. Environmental Protection Agency policies under the Obama administration could cost the United States more than 800,000 jobs, Republicans say in a new report that examines several recent...


Infrastructure Grant Requests Overwhelm DOT

Federal aid requests for bridge, transit, port, highway and other infrastructure projects are overwhelming the Department of Transportation, with more than $19 billion being sought for a fun...


Report Projects Continued Acceleration of M&A Activity in Engineering, Construction

Merger and acquisition activity in the global engineering and construction sector showed continued momentum in the second quarter, and the trend is expected to continue in the second half, a...


Industrial Coatings Boost Valspar Q3 Performance

Strong performance by its industrial coatings segment propelled the Valspar Corp. to an overall 10% sales increase and 22% net income increase in the third quarter, compared to the same peri...


$1B Global Contract Program to Aid Minorities

Minority-owned construction contractors and suppliers may compete for $1 billion in contracts around the world in a new public-private venture designed to provide training and procurement op...


Strong Coatings Sales Help Drive Dow’s Q2 Gains

Strong sales gains in both industrial and architectural coatings propelled Dow Coatings Materials to a 16% increase in the second quarter, compared to the same period in 2009, and helped fue...


Construction Spending Edges up in June, but Remains Below 2009 Levels

Construction spending edged up 0.1% in June, as the federal government’s economic stimulus program offset continued weakness in building activity.


BASF Q2 Sales Up 30%; Chemicals Hit Record

Global chemicals giant BASF “achieved a leap in earnings” for its second quarter, with sales up 30% and its Chemicals segment at a record level, the company has announced.


DuPont Q2 Sales Rise 26%; Net Income Tops $1 Billion

DuPont Co. has reported second-quarter sales of $8.6 billion, a 26% increase from the second quarter of 2009. Net income for the quarter was $1.2 billion, up from $400 million for the prior-...


RPM Reports Strong Upturn in Sales, Earnings

RPM International Inc. has reported sharp increases in fourth-quarter sales and net income, as the company’s industrial and consumer segments both recorded double-digit sales increases.


3M Earnings Top $1B in Q2, $2B for First Half

3M Company sales and net income surged in the second quarter, with strong performances reported for all businesses and geographic regions, the company said.


AkzoNobel Reports 13% Revenue Gain for Q2

Akzo Nobel N.V. (AkzoNobel) reported strong second-quarter gains in sales and earnings, and said the results reflect continued economic recovery and ongoing restructuring programs.


Megaprojects, U.S. Construction on Upswing

Onshore megaproject activity will surge worldwide, and U.S. construction is on the rise-at least for now, according to two new economic projections.


Growth Seen for S. African Coatings Market

Rebounding construction activity, increasing infrastructure, and innovative product trends should drive growth in the South African paints and coatings market through 2016, a new analysis pr...


Sherwin-Williams’ Sales Up 10% for Q2, 6% for Half

The Sherwin-Williams Company posted solid gains in sales and net income in the second quarter, led by sales to the professional market for home repainting and stronger industrial maintenance...


PPG Reports Solid Gains in Sales, Income

PPG Industries Inc. reported solid gains in sales and earnings in the second quarter compared to 2009, as stronger demand drove volume growth both regionally and by end-use market, the compa...


5th Coatings Summit to Convene Jan. 17-19

The fifth Coatings Summit, described as a leadership event for senior representatives of coatings manufacturers and suppliers, will be convened Jan. 17-19, 2011, in Washington, D.C.


Hyde Tools to Reorganize

The Hyde Group, whose subsidiaries include Hyde Tools and A. Richard Hyde, is reorganizing into two separate family-owned businesses, the company announced.


AkzoNobel Says it Will Double China Sales by 2015

AkzoNobel will seek to double its current revenue in China within five years, setting a target of $3 billion in annual sales by 2015, the company’s CEO said recently during remarks at the Sh...


OMNOVA Reports Earnings, Sales Increases

Decorative-products and performance-chemicals manufacturer OMNOVA Solutions reported second-quarter net income of $15.1 million, a nearly 200% increase from the second quarter of 2009. Sales...


Continued Coatings Expansion Seen for Asia-Pacific

The Asia-Pacific paint and coatings market will record a strong annual growth rate of nearly 8% over the next three years, led by growth rates of more than 10% for the fast-growing economies...


RPM Announces Move to Address Bondex Asbestos Claims

RPM International Inc. said it has taken actions to permanently resolve current and future asbestos claims associated with its Bondex International Inc. with the filing of Chapter 11 reorgan...


Construction Indicator Suggests Improved Outlook

Associated Builders and Contractors’ (ABC) Construction Backlog Indicator for the first quarter of 2010 showed a 4.5% increase in construction-backlog orders, rising to 6.07 months from the ...


Report: Construction-Industry M&A Deals on the Rise

With 29 transactions in the first quarter of this year in the global engineering and construction sector, dealmaking in the industry appears to be reversing course from a quiet 2009, accordi...


Valspar Reports Sharp Gains in Sales, Earnings

The Valspar Corp. reported net income of $61.7 million for the company’s second quarter ended April 30, a significant increase from net income of $31.1 million for the same period a year ear...


‘Cash for Caulkers’ Bill Moves Forward

The U.S. House of Representatives last week passed the Home Star bill, popularly known as “Cash for Caulkers,” that promises thousands of dollars in rebates for homeowners who renovate their...


Masco Trims Loss as Sales Edge up

Masco Corp., the parent company of paint and coatings manufacturers Behr and Masterchem, reported a first-quarter loss from continuing operations of 2 cents per share, compared to a loss of ...


BASF Reports Strong Sales, Earnings Gains

BASF AG reported first-quarter net income of 1.029 billion euros (approximately $1.363 billion), a sharp increase from 375 million euros for the first quarter of 2009. Sales rose 26.5%, to 1...


AkzoNobel Reports Revenue Increase for Q1

Akzo Nobel N.V. (AkzoNobel) reported first-quarter net income of 81 million euros (approximately $108 million), a decline of 7% from the first quarter of 2009. Increased sales for the compan...


S-W Sales Edge up, But Earnings Retreat

The Sherwin-Williams Company reported first-quarter net income of $32.6 million, a 13% decline from the first quarter of 2009, as sales weakness and the effects of health-care legislation we...


Coatings Sales, Earnings Help Drive
Strong First-Quarter Results for PPG

PPG Industries Inc. reported first-quarter net income of $30 million, including a one-time charge of $85 million related to a change in U.S. tax law, compared to a loss of $111 million for t...


RPM Reports Narrower Loss for Quarter

RPM International Inc. reported a net loss of $9.4 million for the company’s third quarter ended Feb. 28, but said the results represented a marked improvement from the same quarter a year e...


Coatings Report Forecasts Continued Expansion

Above-average demand in North America will help fuel overall increases in worldwide demand for architectural paint and coatings through 2013, new market research indicates.


OMNOVA Reports Earnings Gain

Wallcovering and specialty chemicals manufacturer OMNOVA Solutions Inc. reported net income of $7.8 million for the company’s first quarter ended February 28, compared to a net loss of $0.1 ...


ECONOMIC PULSE:
Home Sales Continue to Falter

Sales of new homes declined 2.2% in February to a seasonally adjusted annual rate of 308,000, down from a revised January rate of 315,000, the Commerce Department reported.


ECONOMIC PULSE:
FMI Construction Index
Hints at Improvement

Consulting firm FMI said its nonresidential-construction index for the first quarter suggests a slight improvement from the fourth quarter of 2009.


ECONOMIC PULSE:
Construction Spending Weakness Continues

Construction spending in January edged down 0.6% from the estimated December figure, and remained well below levels of a year earlier.


Economic Pulse:
New-Home Sales Decline in January

U.S. sales of new homes in January fell 11.2% from December to a seasonally adjusted annual rate of 309,000, the Commerce Department reported.


U.S. Economic Growth Surges in 4th Quarter

The U.S. economy expanded at a strong, 5.7% annual rate in the fourth quarter of 2009, the Commerce Department said in issuing a preliminary estimate on U.S. gross domestic product (GDP).


Economic Pulse: Sales of Existing Homes Retreat

U.S. sales of existing homes declined 16.7% in December, in line with expectations that reflected the effect of the original November deadline for the first-time homebuyer tax credit, the Na...


Economic Pulse: Housing Starts Decline

New-home construction posted an unexpected 4% decline in December as harsh winter weather hit much of the country, the U.S. Commerce Department reported.


Economic Pulse: Construction Spending Continues Retreat

Construction spending declined 0.6% in November from the previous month to a seasonally adjusted annual rate of $900.1 billion, the Commerce Department’s Bureau of the Census reported Monday...


Economic Pulse: New-Home Sales Continue Rally with 6.2% Gain

New-home sales rose 6.2% in October to a seasonally adjusted annual rate of 430,000, up from a revised annual rate of 405,000 in September, the Commerce Department reported last week. Sales ...


Economic Pulse: Valspar Reports Sales Decline, Earnings Gain

The Valspar Corp. reported net income of $49.9 million for the company’s fourth quarter ended Oct. 30, a gain of 28% from $38.9 million for the same quarter a year earlier. Sales for the qua...


Economic Pulse: Existing-Home Sales Rise Sharply

Sales of existing homes posted a sharp, 10.1% gain in October from the previous month, the National Association of Realtors (NAR) reported.


 
 
   

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