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News (64)


Will Overtime Rule Hurt or Help Workers?

While the U.S. Department of Labor has issued a new rule implementing changes to the Fair Labor Standards Act (FLSA) overtime regulations governing who is exempt from overtime, construction ...


FTC Reviews Acquisition

As part of The Sherwin-Williams Company’s pending acquisition of The Valspar Corporation, the companies have been asked to provide additional information and documentary material to federal ...


Evonik Grows Its Additives Portfolio

Specialty chemicals company Evonik Industries AG seeks to strengthen its position in the specialty and coating additives market by purchasing a division of Allentown, PA-based Air Products a...


RPM Reports 'Pleasing' Q3 2016

Multinational holding company RPM International, parent company of Carboline, announced a record third quarter in its 2016 fiscal year, which ended Feb. 29.


PPG Gives $385K to Area Education

In support of educational outreach programs in the Pittsburgh area, PPG recently donated more than $385,000 in grants to local organizations through its charitable arm, The PPG Foundation.


Merger to Form Energy Pipeline Giant

The company known for the controversial Keystone Pipeline project, which sought to carry crude oil from the oil sands in Alberta, Canada, through the U.S. and on to the Gulf of Mexico, has a...


Sherwin-Williams, Valspar Make $11.3B Deal

In a deal valued at $11.3 billion, The Sherwin-Williams Company and The Valspar Corporation jointly announced that they have entered into a definitive agreement under which Sherwin-Williams ...


AkzoNobel to Buy BASF Unit for $531M

In a shift of the global performance coatings landscape, global paint and coatings giant AkzoNobel has agreed to buy BASF’s industrial coatings business for €475 million ($531 million), the ...


AkzoNobel Eyes a BASF Coatings Segment

Dutch paints and specialty chemicals firm AkzoNobel has put to rest recent industry speculation that it is pursuing the purchase of BASF’s Industrial Coatings business.


Recovery, Challenges Ahead in Construction

Nearly three-quarters of American construction firms plan to add workers in 2016, according to a survey released this week.


Grants Available for Small US Shipyards

The U.S. Department of Transportation’s Maritime Administration (MARAD) is making funding available in support


Axalta Taps New VP, Division President

Global liquid and powder coating supplier Axalta Coating Systems has appointed a new executive to its leadership team.


Hexion Expands Production Capacity

Hexion Inc., based in Columbus, OH, announced Wednesday (Nov. 18) that it is expanding its waterborne epoxy resin production capacity in Tianjin, China.


‘Big 3’ Continue Financial Struggles

Hampered by cancelled orders and delays in construction of offshore facilities, the world’s three largest shipbuilders are tracking to record major financial losses in 2015.


Sherwin-Williams Announces New CEO

Sherwin-Williams has turned to one of its long-standing managers to lead the company starting next year.


Data Predicts Coatings Performance

Global paints and coatings company AkzoNobel has launched what it calls the “first ever digital tool” for the shipping industry, it said in an announcement Thursday (Oct. 15).


PPG: Record Income in Q3

Protective and marine coatings sales helped improve the bottom line for PPG Industries Inc. during the company’s third quarter of 2015.


New Lab Caters to Oil, Gas Industry

Global laboratory-based testing group Exova has opened its first facility in the northeast United States, according to the company’s announcement Monday (Oct. 12).


RPM Eyes Solid Growth after ‘Tepid’ Q1

Carboline parent company RPM International Inc. acknowledged unfavorable weather conditions and exchange rates contributed to “tepid results” in the first quarter of its 2016 fiscal year, wh...


Chemical Giant Ashland Splits into Two

Chemical giant Ashland Inc. is splitting into two companies so that each can focus on a different share of its focused markets.


Decreased Workload Prompts Downsizing

Citing a drop in available work, Newport News Shipbuilding—the sole builder of U.S. Navy aircraft carriers and one of two builders constructing nuclear-powered submarines—laid off 480 salari...


Axalta Names New VP, EMEA President

Axalta Coating Systems has announced the appointment of Matthias Schönberg as Vice President of Axalta and President of its Europe, Middle East and Africa (EMEA) region.


Workers Walk Out in Korean Shipyards

South Korea’s troubled shipyards are dealing with yet another blow: striking workers.


PPG Completes IVC Acquisition

Coatings giant PPG Industries has formally acquired IVC Industrial Coatings, Inc., the company announced Tuesday (Sep. 1).


BASF Exits One Stream, Expands Another

A decline in the North American market has led German chemicals giant BASF to exit the dimer and polyamide resin business.


RPM Announces Record Q4, Staff Changes

Multinational holding company RPM International announced historic results for its fourth quarter in fiscal 2015, which ended May 31.


Adios, MaterialScience; Hello, Covestro

LEVERKUSEN, GERMANY--The venerable Bayer MaterialScience business will be sporting a "new, colorful and vibrant" identity when it starts courting investors for its planned spinoff next year.


Wage Theft at Home in Construction

AMHERST, MA—It's not fraud; it's a new business model.


AkzoNobel Cuts Paper Chemicals

AMSTERDAM—AkzoNobel has finalized a €153 million ($170.4 million USD) divestment of its paper chemicals business to Kemira Oyj, the Netherlands-based company announced Monday (May 4).


PPG Q1: 'Modest' Sales, 'Subdued' Times

PITTSBURGH—Flattened sales growth and an unfavorable currency translation hit hard, but earnings climbed for PPG Industries in the first quarter of 2015, the company reported Thursday (April...


Access Companies Strike $251M Deal

A multinational deal now underway will create an industrial access, insulation and corrosion-protection giant with the reach of 17,000 employees across Europe and the Middle East.


Jotun's Ad Boasts Draw Sanctions

Jotun Pakistan's blanket marketing claim of being "No. 1 in Paints" has again drawn the wrath of that country's antitrust agency, which has ordered the coating maker to drop the boast and pa...


Permasense Moves into North America

Permasense, a global manufacturer of remote pipeline monitoring technology, has opened its first North American office in Houston, TX.


$1M Embezzlement to End in Prison

A former Ennis Paint executive has been sentenced to four years and five months in prison for stealing more than $1 million from the pavement coatings manufacturer.


CA Prevails on Paint Recycling Rules

U.S. coating makers have lost a two-year legal fight to block California from imposing detailed reporting requirements on the industry's paint recycling program.


Construction Set to Fill 225k+ Jobs

Construction firms from Los Angeles to London will be posting "Help Wanted" signs by the hundreds of thousands in the years ahead, according to two new job forecasts.


Concrete Maker's Plea Averts Prison

The owner of an asphalt company who doctored the scene of his employee's fatal accident will pay $20,000 in fines and restitution to the victim's widow, but avoid a jail sentence, under a fe...


2014 Coated in Success at Valspar

The Valspar Corp. is giving thanks this week for its coatings segment, where booming sales of general industrial, coil and other coatings helped deliver record results for 2014.


AkzoNobel Probes Chicago Fraud

AkzoNobel says it has been the victim of up to $66.5 million in "external fraud" at its Chicago office.


PPG Wraps Up Comex Purchase

PPG Industries' speedy acquisition of Mexico's largest paint and coatings maker is a done deal.


Review of PPG-Comex Deal Extended

PPG Industries will wait a bit longer for Mexico's decision on the company's $2.3 billion bid to take over that country's largest paint and coatings maker.


PPG Cuts Ribbon on New HQ

Working to keep pace with its ballooning architectural coatings business, PPG Industries has opened a new North American headquarters facility.


AkzoNobel Joins ‘100 Cities’ Effort

Building on its own Human Cities urban renewal campaign, AkzoNobel has now thrown its support behind 100 Resilient Cities, a new global project of The Rockefeller Foundation.


Backlash Stalls OSHA Reporting Rule

Widespread employer concern over the public reporting of workplace injuries and illnesses has prompted U.S. regulators to rethink the plan.


Sherwin-Williams Sued over Failed Deal

Mexico’s largest coatings producer has filed suit against Sherwin-Williams, blaming the Cleveland paint maker for the implosion of its plan to buy the Latin American supplier, Reuters report...


DBE Fraud Costs Company $2.4M

A construction contractor will pay $2.4 million for faking a disadvantaged-business requirement in order to win a $39.6 million contract in Connecticut, the FBI announced Monday (April 7).


Sherwin-Williams Drops Comex Quest

Twice denied a regulatory blessing, the largest paint retailers in the U.S. and Mexico have finally broken off their $2.34 billion engagement.


Tesla Announces $50M Investment

Protective coatings maker Tesla NanoCoatings says it is poised for significant growth with a new "strategic partnership" and major investment by a Korean chemical firm.


3rd CEO in 2 Years Joins Ben Moore

Paint maker Benjamin Moore & Company has appointed a career retailing executive as its third CEO in two years.


AkzoNobel Plans Global Restructuring

Having wrapped the sell-off of major segments of its architectural coatings division, AkzoNobel has announced plans to aggressively reorganize and streamline the rest of the business by the ...


AkzoNobel, PPG Growing Outside U.S.

PPG Industries and AkzoNobel will invest more than $125 million in new coating manufacturing facilities in Russia and China to expand production in those regions, the companies have announce...


Another CEO Fired at Benjamin Moore

For the second time in 15 months, Warren E. Buffett has abruptly canned the head of his paint and coatings business.


Firms Plan Industrial Services Giant

Diversified global industrial company Harsco Corp. has announced the $300 million sale of its Infrastructure division into a $3 billion joint venture that will combine the business with Bran...


Coatings, Markets Dim Valspar’s Outlook

Sluggishness in industrial coatings and international markets led the Valspar Corp. to reduce its annual earnings guidance Tuesday (Aug. 13) in the wake of a disappointing third quarter.


Court Battle Pits Elcometer, TQC-USA

Global coatings instrument maker Elcometer Inc. is locked in federal-court litigation with a former employee and distributor over allegations of unlawful marketing tactics designed to steal ...


ASA Advises Contractors on ‘Obamacare’

Subcontractors who must soon navigate the complex dictates of the new federal health-care law have a new guide from the American Subcontractors Association.


ACA Fights Customer Disclosure Plan

What's more important: the privacy of a customer list or the possible need to reach those customers about product dangers?


‘Pay to Play’ Charges Threaten Projects

The future of some public-works and other major construction projects in the Northeastern U.S. is uncertain following the indictment of a New Jersey engineering firm and seven executives in ...


2 Coating Company Owners Get Prison

Two owners of a western Pennsylvania powder coating company have been sentenced to federal prison for bilking investors out of $1.4 million.


ITW Polymers Coatings Opens New Plant

ITW Polymers Coatings North America has announced the grand opening of its newest manufacturing plant, in Houston, TX.


Sherwin-Williams Absorbs Leighs Name

After 153 years, Leighs Paints is no more. The U.S.-based Sherwin-Williams Company, which bought the long-independent UK coatings producer in 2011, has announced that it has officially folde...


Evonik Degussa Corp. Trims Name

Specialty chemicals maker Evonik Degussa Corporation has dropped "Degussa" from its name and is now operating as Evonik Corporation.


UK Axes AkzoNobel's Can Coatings Deal

Britain's Office of Fair Trading has blocked AkzoNobel's proposed acquisition of Metlac Holding, ruling that the deal would substantially reduce competition in metal coatings for beer and be...


Protective Coatings Centers Launched

International Paint LLC, an AkzoNobel company, has announced the opening of Protective Coatings Centers across the U.S. and Canada.


 
 
   

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