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News (101)


Axalta-Nippon Discussions End

Less than two weeks after a potential deal between Axalta Coating Systems and Nippon Paint Holdings Co. Ltd. was first broached, talks have ended with no agreement.


Covestro Names New CFO

Specialty chemicals firm Covestro announced earlier this week its choice of Thomas Toepfer to fill the position of Chief Financial Officer, effective April 1, 2018.


Nippon Pursues Axalta After AkzoNobel Talks End

A day after Axalta Coating Systems and AkzoNobel announced they were finished with merger negotiations, the U.S. industrial coatings firm confirmed Wednesday that it is in talks with Osaka, ...


Sherwin-Williams Releases Third-Quarter Financials

On Tuesday, the Sherwin-Williams Company released its third-quarter financial report, indicating a positive trend in net sales and record numbers credited to the acquisition of Valspar earli...


PPG Announces Third-Quarter Financials

On Thursday morning, Pittsburgh-based global coatings manufacturer PPG announced its third-quarter earnings report, noting a small increase in net sales over the same quarter in 2016.


Third-Quarter Numbers for AkzoNobel Released

On Wednesday, global coatings manufacturer AkzoNobel released its third-quarter earnings report, along with additionally announcing changes to its supervisory board and an Extraordinary Gene...


RPM Reports Record Sales in Q1

RPM International Inc. (Medina, Ohio), parent company of industrial coatings companies including Carboline, Tremco and Illbruck, reported record sales and net income in the first quarter of ...


Huntsman TiO2 Spinoff Launches IPO

Global chemical firm Huntsman International LLC announced last week that subsidiary company Venator Materials PLC has launched its initial public offering and will be listed on the New York ...


RPM Reports Fourth Quarter, Year-End Results

RPM International Inc. (Medina, Ohio), the parent company of paints and coatings firms including Carboline and Tremco, reported record net sales in the fourth quarter of its 2017 fiscal year...


Sherwin-Williams Q2 Bolstered by Valspar Buy

The Sherwin-Williams Company reported an increase in overall net sales in its second quarter compared with prior-year numbers, and unveiled a new structure in the wake of its blockbuster acq...


PPG Steady in the Second Quarter

PPG Industries reported a modest increase in net sales despite a slight dip in volumes in the Performance Coatings segment in its second quarter, according to the coatings manufacturer's Q2 ...


Sherwin-Williams Finalizes Acquisition of Valspar

The long-gestating acquisition of the Minneapolis-based Valspar Corporation by The Sherwin-Williams Company was finalized Thursday.


Valspar Q2 Sales Up on Eve of Merger

With its acquisition by The Sherwin-Williams Company looming, Valspar Corp. issued its second-quarter earnings report Wednesday, indicating that sales were up more than 3.5 percent in compar...


AkzoNobel Shareholders Apply Pressure

In the wake of AkzoNobel's third rejection of a merger proposal from rival PPG Industries, some shareholders of the Dutch coatings firm are continuing to use their clout—and the courts—to tr...


Winning Miami Bridge Design Fosters Dissent

A Florida State Department of Transportation panel followed 90 minutes of ardent, sometimes contentious public input by choosing a contractor for an $800 million reconstruction of Interstate...


Sherwin-Williams Reports Record Q1 Sales

Sales were up in the first quarter of 2017 for The Sherwin-Williams Company, including increased net sales and volumes in its Global Finishes Group, which includes the company's protective a...


PPG Reports Q1 Growth Amid Marine Challenges

Global coatings manufacturer PPG Industries reported growth in net sales and sales volumes in its first quarter, bolstered in part by a 7 percent jump in sales in the Industrial Coatings seg...


AkzoNobel Backs Chair, Questions PPG

Global coatings manufacturer AkzoNobel says it has full confidence in Antony Burgmans, the chair of its supervisory board, after some shareholders requested an Extraordinary General Meeting ...


Hempel Catalogs 2016 Challenges in Report

After what Hempel Group described as a “landmark” year financially in 2015, the Kongens Lyngby, Denmark-based global coatings company announced a plan to accelerate its “Journey to Excellenc...


Industrial Sales Strong in RPM Q3

Strong industrial segment sales and growth helped to bouy RPM International Inc., parent company of brands including Carboline and Stonhard, in a 2017 third quarter that saw sales slightly u...


PPG Makes Public Appeal to AkzoNobel

The ongoing courtship between the world's largest coatings company and its biggest competitor took another very public turn this week as PPG Industries issued an open invitation to AkzoNobel...


Coatings Sales Up for Valspar in Q1

Sales in the coatings segment, including coil and wood coatings, jumped in the first quarter of 2017 for Valspar, helping to boost the company, which posted an overall sales increase, accord...


Commission: Garden Bridge Trust Acted Properly

The organization behind London’s controversial Garden Bridge project is in the clear, at least in terms of its business practices, as a government regulator has issued a report indicating th...


AkzoNobel Reveals 2016 Financials

Currency translation and price/mix effects took a toll on 2016 revenues for global coating company AkzoNobel, according to the company's latest financial report.


Sherwin-Williams Posts Record Sales in 2016

Paints and coatings manufacturer The Sherwin-Williams Company reported record consolidated net sales in 2016, and the company expects its acquisition of Valspar to close within 90 days, but ...


PPG Names Morales CFO

Paints and coatings manufacturer PPG has announced that Vincent J. Morales will become its senior vice president and chief financial officer starting March 1.


Restructuring, Currency Affect PPG Q4

Sales and net income were both down in the fourth quarter of 2016 for paints and coatings manufacturer PPG, owing largely to unfavorable currency rates and charges related to restructuring, ...


RPM Reports Increased Sales in Q2

RPM International Inc. (Medina, OH), parent company of coatings and sealants brands including Carboline and Tremco, saw a 3 percent increase in sales in the second quarter of its 2017 fiscal...


Valspar Addresses Financials, Merger Chatter

Following release of a statement responding to market rumors concerning its proposed merger with The Sherwin-Williams Company, paint and coatings manufacturer Valspar Corp. announced its fou...


Sherwin-Williams Reports Earnings, New CFO

The Sherwin-Williams Company has reported an increase in consolidated net sales for both the third quarter and nine-month period of 2016, as well as the appointment of a new chief financial ...


PPG Sees Volumes Grow in Q3

Led by growth in its Industrial Coatings segment, PPG reported an improvement in year-over-year volumes across both its coating segments in the third quarter of 2016, the company announced w...


AkzoNobel Q3: Volumes Flat, Profits Up

Global coatings manufacturer AkzoNobel (Amsterdam, Netherlands) announced slight growth in profits despite largely flat volumes in its third quarter earnings report, released Wednesday (Oct....


Contractor Defaults, Bridge Job Restarts

Replacing a lane of defective concrete is among the jobs to be taken on by a crediting agency after the lead contractor on a major project on the International Bridge in Michigan went into d...


RPM Reports Q1 Growth Amid Challenges

Despite a reportedly soft market in the energy and heavy equipment industries, RPM International Inc., parent company of Carboline, posted a record first quarter for its 2017 fiscal year, wh...


Support for Tolls, Mileage Fees Grows

A recent survey of American drivers suggests that most support the idea of tolls if they’ll help ease congestion and limit drive times.


RPM: Acquisition, SEC Investigation

Known as a multinational holding company with subsidiaries that manufacture and market high-performance coatings, sealants and specialty chemicals, RPM International is extending its reach i...


Valspar Q3 Numbers Mixed

Coil and wood coatings fueled volume growth in the third quarter for Valspar Corp., though foreign currency translation contributed to a slight dip in sales for the manufacturer as it prepar...


RPM Reports Record Quarter, Fiscal 2016

Carboline parent company RPM International Inc. reported sales were up 4 percent and net income grew 20 percent for its fourth quarter, while sales grew 5 percent and net income increased 48...


Industrial Coatings Boost PPG's Q2

Pittsburgh-based paint and coatings manufacturer PPG delivered consistent performance and modest growth, comparable to the previous year, in its second quarter financial results, released Th...


Sherwin-Williams Posts Gains in Q2

Despite lower numbers in its Global Finishes Group and other divisions, The Sherwin-Williams Company announced overall gains in its second-quarter earnings report.


AkzoNobel Sees Modest Gains in Q2

Dutch paints, coatings and chemicals company AkzoNobel reported positive developments in all three of its business lines for the second quarter of 2016, despite the pressures of a challengin...


‘Brexit’ Leaves UK Projects in Limbo

Last week’s British vote to leave the European Union had immediate fallout in the markets, but it may also have longer-term effects on infrastructure investment in the U.K.


‘Big 3’ Shipyards Get State Aid

Following several consecutive quarters of extreme financial losses, the Korean government is stepping in to assist the world’s three largest shipbuilders.


Quest Buy Buoys Valspar in Q2

Last year’s acquisition of Quest Specialty Coatings gave Valspar’s auto refinish line a boost in the second quarter of 2016, helping to offset lagging sales in other divisions.


PPG Reports Record Q1 Performance

Crediting six acquisitions completed during 2015, Michael H. McGarry, PPG president and chief executive officer, announced improved financial results for the company’s two coatings segments ...


AkzoNobel Confronts Challenging Q1

AkzoNobel reported growth in volumes and profitability in all three business areas in its first quarter 2016 results, despite a challenging market environment.


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.


Hempel Highlights Its ‘Landmark’ 2015

2015 was a momentous year for Denmark-based Hempel Group in both corporate strategy and financial terms as it reported strong results for the third year in a row in terms of turnover, earnin...


AkzoNobel Reports Record FY2015

Multinational paints, coatings and chemicals company AkzoNobel reported record performance for 2015, having successfully delivered on the year’s financial targets while recognizing significa...


$6.5B in Losses Lead to Steep BP Layoffs

While announcing a loss of $6.5 billion in the 2015 fiscal year—said to be the largest annual loss in its history—British oil and gas company BP has revealed plans to lay off 7,000 employees...


Sherwin-Williams Reports Strong 2015

Sherwin-Williams' new president and CEO delivered a "gratifying" full-year and fourth quarter earnings report released Thursday (Jan. 28).


PPG 4Q Results Show Profit

With the help of improved sales volume in its protective and marine coating segment, PPG Industries Inc. saw an increase in profit for its fourth quarter and full year.


Profit Up 20% in RPM Q2

Carboline parent company RPM International Inc., a global leader in industrial coatings, posted double-digit gains for its second quarter of fiscal year 2016.


Growth Strong for Valspar in 2015

Minneapolis-based Valspar Corp. has reported another record year with the release of its fourth-quarter earnings.


‘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: Q3 2015 Sales Up

Despite a drop in the group that includes protective and marine coatings, the second-largest paint company in the U.S. showed an increase overall in its third quarter of 2015.


AkzoNobel Posts Positive Q3 Earnings

Marine and Protective Coatings led in revenue gains among AkzoNobel’s markets in its third quarter, according to the Amsterdam coatings company.


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.


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...


Valspar's Q3 Leads to Adjusted Outlook

International paint and coatings manufacturer Valspar reported flat net sales in its coatings segment, as well as a slight decrease in paint segment net sales in its fiscal year 2015 third q...


Offshore Plan Soaks Big 3 Shipbuilders

A venture into offshore projects led to a bad turn for the world’s three largest shipbuilders—Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industr...


AkzoNobel Posts 61% Gain in Q2

The divestment of a Paper Chemicals business unit and favorable currency rates have delivered positive results for coatings giant AkzoNobel for the second quarter.


Sherwin-Williams Reports Mixed Q2

CLEVELAND--The Global Finishes and Latin American Coatings Groups of The Sherwin-Williams Company are feeling the impact of foreign currency values and weak market demand in certain areas, a...


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).


Sherwin Q1 Gets No Love from Global

CLEVELAND, OH—Sales declines in the Global Finishes Group did not stop Sherwin-Williams from posting a record first quarter, the company announced Thursday (April 16).


Industrial Boom Helps Ease RPM Bust

Strong sales were swamped by currency challenges and an $83.5 million asbestos charge to hand RPM International Inc. a loss for the third quarter.


PPG Takes Over Auto, Wood Companies

PPG Industries has stretched its wings from Australia to France and from additives to wood stains, closing two acquisitions on two continents in two days.


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.


Sherwin-Williams Rings Up a Record

Protective and marine coatings helped, but its 4,003 paint stores delivered the biggest goods to give Sherwin-Williams "another year of record performance" in 2014.


Hardide to Build U.S. Coatings Plant

A UK-based manufacturer of an advanced surface coating technology plans to invest $7 million in a new plant in Virginia.


Paint Mogul Named Singapore's Richest

The coatings industry has been good to Goh Cheng Liang. So good, in fact, that he is now the richest man in Singapore.


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.


Expansion Approved for NC Paint Maker

Traffic paint manufacturer Ennis-Flint will get $500,000 to expand its Thomasville, NC, operations by reusing vacant buildings, the North Carolina Rural Infrastructure Authority announced.


Series of Deals Fattens Graco’s Reach

Spray-equipment manufacturer Graco Inc. is bulking up and branching out, spending $185 million in cash for four companies that will expand its geographical and industry footprint.


Hempel Expands with New Acquisition

Taking a "step towards achieving its growth ambition," Hempel has acquired a Dutch maker of industrial, protective and decorative coatings.


PA Taps Chinese to Fund I-95 Project

Leveraging an immigration program that rewards wealthy foreign investors with U.S. visas, Pennsylvania is reaching into pockets overseas to fund much of a $420 million project to link I-95 w...


AkzoNobel Probes Chicago Fraud

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


UK Construction Giant Strikes a Deal

Balfour Beatty has announced the sale of consulting arm Parsons Brinckerhoff to Montreal-based WSP Global Inc. for £820 million ($1.35 billion USD).


UK Construction Giant Nixes Merger

Balfour Beatty has shut down merger talks with Carillion only one week after announcing the possible £3 billion ($5 billion USD) deal, citing disagreement over the terms.


Sales Soar at Sherwin-Williams

Nearly all of the Sherwin-Williams Company’s segments saw sales gains in both the second quarter and first half of 2014, propelling the company to record sales.


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...


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.


Retailers, PPG Sign Private-Label Deal

An alliance of independent North American paint dealers has agreed to make PPG Industries Inc. the exclusive manufacturer of the group's premium paint brand.


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.


1 Contract: 5 Years, 500 New Bridges

Pennsylvania officials are inviting four teams to submit proposals for one contract to replace more than 500 bridges in less than five years.


Valspar Sales Growth Paints Q1 Green

A 10 percent boost in its Coatings segment has the Valspar Corp. off to “a good start” in 2014, the company reported Wednesday (Feb. 12).


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.


Construction Fraud Tab: $860B

Money laundering, bid rigging, bribery and other types of fraud are now bleeding the global construction industry of about $860 billion a year—a tab that could nearly double by 2025, a new r...


Industrial Growth Helps RPM Rebound

Withstanding the hit from a recent $65 million legal settlement over roofing problems, Carboline parent RPM International Inc. has racked up a record first quarter for 2014.


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.


DuPont Ponders Sale of Chemicals Unit

DuPont may shed its Performance Chemicals segment, which produces paint pigments, after a less-than-stellar performance in the second quarter, the major chemical manufacturer announced on Tu...


Revenue Drops in RPM’s Q4

Slight sales increases for RPM International were overshadowed by a 21 percent drop in income for the fourth quarter, the parent company of Carboline and Rust-Oleum reported on Monday (July ...


AkzoNobel Logs Dismal Quarter

With revenues and volumes decreasing across all segments, AkzoNobel’s second quarter report echoed trends from the coating manufacturer’s dim first quarter and renewed a call for restructuri...


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...


PPG Opens 2013 on a Flat Note

Cooling off after a record earnings year, PPG Industries’ sales remained static for the first quarter of 2013, with weak European markets taking the brunt of the blame.


AkzoNobel: Grim Q1 with No Quick Fix

AkzoNobel reported first-quarter declines across the board Thursday (April 18) and warned candidly that the troubled company’s fortunes were unlikely to turn around any time soon.


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...


Spencer Coatings Flexes New Dominance

Spencer Coatings Ltd. has become the largest independent and British-owned industrial coatings manufacturer in the UK with its recent acquisition of Stokes Paints, the company says.


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.


 
 
   

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