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News (119)


Huntsman to Build New Dubai PU Plant

Global chemical company Huntsman Corporation announced plans at the end of May to build a new polyurethanes systems house in Dubai. The new facility, to be located in the Jebel Ali Free Trad...


AkzoNobel Opens Powder-Coating Plant

Global coatings manufacturer AkzoNobel recently announced that the company will be continuing its expansion in Asia with the start of production at a new powder coatings plant in Changzhou, ...


Graphene Firm Plans Antifouling Foray

Advanced materials company First Graphene Limited (Nedlands, Australia) recently announced it has entered into an agreement with Engage Marine (Perth, Australia) to develop graphene-enhanced...


General Dynamics to Expand Groton Shipyard

General Dynamics Electric Boat recently announced that it will be spending roughly half of its $1.7 billion multi-year capital expenditure plan on upgrading its Groton, Connecticut, manufact...


PPG Gauges Sustainability in Yearly Report

Global coatings supplier PPG (Pittsburgh) detailed its sustainability efforts from the past year in its recently released 2017 Sustainability Report, an annual publication examining the comp...


Sales Up, Volumes Largely Flat for PPG in Q1

Pittsburgh-based coatings firm PPG released its first-quarter financial report for 2018 on Thursday (April 19), indicating a 9 percent increase in net sales over the prior year, totaling $3....


Lufthansa to Repaint Newly Repainted Planes

Germany-based Lufthansa Group has had to reverse the recent changes made to its livery due to the new dark blue being too dark, especially in adverse weather conditions.


Southwest Airlines Honors Louisiana with Pelican Plane

To celebrate Louisiana and 39 years of service to the region, Southwest Airlines released the company’s latest state-dedicated aircraft—Louisiana One—a Boeing 737-700 painted with both the f...


Voorhees Named Rust-Oleum CEO

Holding company RPM International Inc. announced March 1 that President of Rust-Oleum North America Edward J. Voorhees III will become Rust-Oleum Group's CEO, effective immediately.


Nippon Paint Allows Wuthelam Board Majority

Nippon Paint Holdings Co. Ltd. recently announced that it has decided to make Singapore-based coatings group Wuthelam a majority on its board, allowing the company to essentially be in contr...


AkzoNobel Names Andersen New Board Chair

Coatings giant AkzoNobel announced yesterday the nomination of Nils Smedegaard Andersen as a member of the Supervisory Board, while also intending to elect him as Chairman, granted his appoi...


Aviation Coatings Firm Permagard Expanding into Asia

In a move to expand into the Asian aviation market, Australia-based aircraft protective coatings company Permagard Aviation recently announced it had signed a memorandum of understanding wit...


Lufthansa Unveils New Airline Livery

Germany-based Lufthansa Group recently unveiled new livery for its airline, which was part of a redesign to mark the 100th anniversary of the airline’s iconic crane. The reveal also featured...


AkzoNobel Preliminary 2017 Sales Numbers Up

Coatings manufacturer AkzoNobel (Amsterdam) released preliminary 2017 year-end financial numbers Thursday (Feb. 8), indicating a slight increase in overall revenues as the company's plan to ...


Coating Firm to Open E-Coat Factory in KY

Illinois-based industrial e-coating manufacturer Tru-Tone Finishing Inc. recently announced that it will be opening a plant in Lexington, Kentucky, which will open up 120 jobs in the region.


Aegion Names Head of Corrosion Protection

Pipeline services provider Aegion Corporation announced earlier this week that Brian Groody had joined the company as president of the Corrosion Protection platform.


Saudi Firm Buys Clariant Stake from Activist Fund

Chemical firm Saudi Basic Industries Corp recently purchased a 25 percent stake in specialty chemicals firm Clariant (Muttens, Switzerland), effectively ending the company’s fight with activ...


Firm Looks to Control Nippon Paints Board

Singapore-based coatings group Wuthelam recently announced that it is looking to become a majority on the board for Nippon Paint Holdings Co. Ltd., citing a belief that the group can create ...


PPG Releases Q4, Year-End Financials

Pittsburgh-based global coatings manufacturer PPG announced its fourth-quarter financial report Thursday morning, as well as its end-of-year report for 2017. Each report indicated an increas...


PPG Agrees to Acquire Paints, Coatings Wholesaler

Global coatings company PPG announced Jan. 2 that it had reached an agreement to acquire ProCoatings, a Netherlands-based paint and coatings wholesaler.


Swiss Coatings Firm Enters Reinforcing Fiber Market

Coatings and specialty chemicals firm Sika recently announced its entry into the market for high-performance concrete reinfocing fibers, producing the material at its Troisdorf, Germany, fac...


AkzoNobel Announces Silica Expansion

The Specialty Chemicals business of global coatings firm AkzoNobel (Amsterdam) announced Wednesday (Dec. 6) that it will undertake a nearly $5 million expansion to its surface-modified collo...


AkzoNobel Shareholders OK Split

AkzoNobel shareholders have indicated approval of the Amsterdam-based company’s decision to separate its Specialty Chemicals business into a separate entity. This move is part of a larger pl...


Covestro Expands Production Capacity

Covestro, a global supplier of polyurethane dispersions, has announced the commencement of operations at a new production facility for aqueous PUDs at its Dormagen, Germany, site.


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...


PPG VP Sekmakas to Retire

PPG last week announced the retirement of executive vice president Viktor Sekmakas, along with other personnel moves that see Tim Knavish stepping into the role of senior vice president of i...


MARAD Issues Small Shipyard Grants

In a move aimed at investing in small shipyards and strengthening their competitiveness, The U.S. Department of Transportation’s Maritime Administration (MARAD) announced $9.8 million in gra...


Dow-DuPont Merger Complete

The Dow Chemical Company and DuPont officially completed their merger last week, creating a new company that will now divide into three separate businesses.


Schedule Alert: No Newsletter Monday

PaintSquare Daily News will not publish a daily newsletter Monday, Sept. 4 in observance of the Labor Day holiday in the United States.


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 ...


Dow Polyurethanes Opens Center in Romania

The Dow Chemical Company recently announced the opening of a new polyurethanes service center in Romania.


Evonik Reorganizes Crosslinkers Line

Raw materials and specialty chemicals firm Evonik Industries AG recently announced changes to the organization of its crosslinker and epoxy businesses.


Schedule Alert: No Newsletter Monday or Tuesday

PaintSquare Daily News will not publish a daily newsletter Monday, July 3, or Tuesday, July 4, in observance of the Independence Day holiday in the United States.


Schedule Alert: No Newsletter Monday or Tuesday

PaintSquare Daily News will not publish a daily newsletter Monday, July 3, or Tuesday, July 4, in observance of the Independence Day holiday in the United States.


Polymer Giant Covestro Appoints Steilemann as CEO

German polymer company Covestro (Leverkeusen) announced that Markus Steilemann has been appointed as the firm's next CEO.


AkzoNobel Denies Hedge Fund's Meeting Request

Coatings manufacturer AkzoNobel announced Tuesday (April 25) that it officially rejected a request by sharefholders to hold an Extraordinary General Meeting to discuss an ouster of the firm'...


Kansai Acquires European Coatings Firm

Paints and coatings company Kansai recently announced that it completed its acquisition of Helios Group, a coatings company headquartered in Kolicevo, Slovenia.


Europe OKs Dow-DuPont Merger

After months of review, the European Union has approved the pending merger between Dow Chemical and DuPont, setting the two companies one step closer to combining.


AkzoNobel Rejects $22B PPG Proposal

Global paints and coatings manufacturer AkzoNobel said Thursday that it is reviewing its options to separate its Specialty Chemicals business after rejecting outright an offer from PPG Indus...


Evonik Unveils Istanbul Lab

Specialty chemicals manufacturer Evonik has opened a new coating additives lab at its site in Istanbul, Turkey, expanding its services for customers in the Middle East.


ChemQuest Adds Tech Expert

Dr. Sudhir Hublikar has been hired by The ChemQuest Group Inc. to fill the role of Technology and Innovations Director, bringing expertise in coatings and chemical technology, the company re...


Dunn-Edwards, Nippon Paint Agree to Merger

Asian paint manufacturing giant Nippon Paint Holdings Co. Ltd. (Osaka, Japan) has received approval from its board of directors to move ahead with plans to acquire Los Angeles-based paint ma...


Boeing Launches SC Paint Operations

With the completion of a new 360,000-square-foot paint facility, Boeing South Carolina announced that its North Charleston, SC, production campus will no longer have to fly the 787-10 Dreaml...


AkzoNobel Closes BASF Coatings Deal

Ten months after confirming its intentions, Dutch coatings manufacturer AkzoNobel has completed its acquisition of BASF’s Industrial Coatings business, which supplies products for the constr...


PPG Announces Global Cost-Cutting Plan

In an effort to recognize $125 million in savings in the coming year, paints and coatings manufacturer PPG announced Friday (Dec. 9) the planned implementation of a “significant and broad” g...


Boeing Paint Firm to Close Plant, Dismiss 200

A painting subcontractor providing services to The Boeing Company will lay off nearly 200 workers early next year when its contract with the multinational aerospace corporation expires.


PPG Takes Over Italy Operations

As part of its efforts to expand its reach in Europe, PPG has bought out the remaining 50 percent ownership interest of a joint venture in Italy, the company announced Friday (Nov. 11).


Huntsman Spinoff to Focus on TiO2

American chemical manufacturer Huntsman Corporation has announced it is moving forward with plans to spin off its Pigments & Additives business and create a new publicly traded company.


Merck Bows Out of Coatings

Known as a science and technology company in healthcare, life science and performance materials, Merck KGaA has entered a cooperation agreement with coating specialist durXtreme GmbH.


Hempel Fires 4 in Bribery Scandal

Danish coatings manufacturer Hempel A/S is under the scrutiny of German authorities for alleged bribery activities on the part of its employees.


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...


Paint Disposal, Project Procedures at Issue

The Texas Department of Transportation is facing scrutiny on two fronts this month: improper paint disposal in one of its districts and a state audit suggesting that its design-build program...


Dow to Lay Off 2,500

Within weeks of The Dow Chemical Company’s completion of its strategic ownership restructuring of Dow Corning Corporation, the specialty chemical giant announced the elimination of 2,500 job...


Pigment Production Doubles

Swiss specialty chemicals company Clariant has opened a new plant that will ultimately benefit the coatings, printing, special applications and plastics industries.


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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