IHS Chemical Week

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October 19, 2012
AkzoNobel reported a net loss of  €2.38 billion ($3.12 billion) in the third quarter of 2012, compared with net profit of €149 million in the third quarter of 2011. The...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/AkzoNobel-swings-to-a-net-loss-on-decorative-paints-impairment-charge_47050.html
October 18, 2012
Cytec’s third-quarter adjusted earnings from continuing operations rose 68% year-on-year, to $42.8 million, or 91 cts/share. Adjusted earnings easily beat analysts’...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Cytec-beats-estimates-raises-guidance_47073.html
October 18, 2012
PPG’s third-quarter net income was up 9% year-on-year (YOY), to $339 million, on strong automotive coatings volumes and price increases. Sales were flat, at $3.85 billion...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-earnings-rise-9-percent-on-auto-strength-price-increases_47055.html
October 17, 2012
PPG Industries has acquired Spraylat (Pelham, NY), a privately owned industrial coatings company. The transaction is expected to close in late 2012. Financial terms of the agreement...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-private-industrial-coatings-firm-Spraylat_47029.html
October 15, 2012
Competition Commission (London), the UK's competition regulator, has provisionally ruled against AkzoNobel's previously announced acquisition of the shares it does not own in...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/UK-competition-regulator-provisionally-rules-against-AkzoNobel-coatings-acquisition_46985.html
October 15, 2012
Brenntag says it has signed a preliminary agreement to acquire specialty chemicals distributor Delanta Group (Buenos Aires), for $14.4 million. Delanta—which distributes...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Brenntag-to-acquire-South-American-specialties-distributor_46983.html
October 10, 2012
Cytec announced today that it is selling its coating resins business to private equity firm Advent International (New York) for $1.15 billion. The business generated revenue of $1.6...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Cytec-selling-coating-resins-unit-for-$1-15-billion-update_46823.html
October 10, 2012
Yannidis Brothers (Athens, Greece), a coatings manufacturer, says it is entering the toll-manufacturing market with a new business unit, named V-Toll. The business unit will...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Greek-coatings-firm-Yannidis-Bros-enters-toll-manufacturing-market_46845.html
October 3, 2012
RPM’s net income for the first quarter of 2013 fell 56% year-on-year, to $33.9 million, mostly due to a $45.3 million write-down of its minority stake Kemrock Industries and...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-net-income-falls-on-India-charge_46674.html
September 26, 2012
Omnova’s fiscal third-quarter net income jumped to $6.4 million, from $400,000 in the year-ago quarter, on lower raw material costs and a favorable sales mix. Adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Omnova-Earnings-Jump-on-Lower-Raw-Material-Costs_46529.html
September 24, 2012
RPM’s Rust-Oleum subsidiary has acquired Synta, Inc. (Clarkston, GA), a maker of exterior wood deck and concrete restoration materials. Synta is expected to generate more than...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-Buys-Wood-Restoration-Materials-Firm_46494.html
September 24, 2012
Elementis Specialties (London) is expanding production capacity of its specialty rheological additives and dispersants for water-based coatings at its facility in New Martinsville, WV...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Elementis-Expands-Production-Capacity-at-WV-Site_46474.html
September 11, 2012
Tikkurila (Vantaa, Finland), a paints and coatings company, says that it has decided to modify its earnings and sales outlook for 2012 due to a favorable business development...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-Revises-Outlook-for-2012_46166.html
September 6, 2012
RPM International has acquired Kirker Enterprises (Paterson, NJ), a manufacturer of nail care enamels, coatings components, and other personal care products. Financial terms of the...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-Acquires-Personal-Care-Manufacturer-Kirker_46084.html
August 16, 2012
BASF says it has agreed to sell its decorative paints business, Relius Coatings in Germany and Relius France to Prosol Lacke + Farben (Aschaffenburg, Germany). The business includes...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-Sells-Decorative-Paints-Business-in-Germany-and-France-to-Prosol_45658.html
August 15, 2012
Valspar has reported fiscal third-quarter net income of $86 million, up 28% from the year-ago quarter, on sales up 1%, to $1.1 billion. Adjusted net income, excluding 5 cts/share in...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Valspar-Earnings-Rise_45653.html
August 14, 2012
BASF announced today that BASF Shanghai Coatings, a joint venture between BASF and Shanghai Coatings, will build a new base-coat plant, which will serve the automotive market, at...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-Builds-Automotive-Coatings-Plant-at-Shanghai_45600.html
August 13, 2012
Elementis Specialties (East Windsor, NJ) plans to lease 2.5 acres of land and 48,000 square feet of building space at Bayer’s site in New Martinsville, WV. This Elementis...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Elementis-to-Lease-Land-at-Bayer-WV-Site_45573.html
August 7, 2012
Private equity firm Carlyle Group (New York) is the leading bidder in the auction for DuPont’s automotive coatings business, according to a Reuters report. The report says that...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Report-Carlyle-Likely-Winner-in-DuPont-Automotive-Coatings-Bidding_45492.html
August 7, 2012
Momentive Specialty Chemicals reported a second-quarter net income of $28 million, down 56% year-on-year (YOY), on sales down 7%, to $1.3 billion. Income fell due to volume...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Momentive-Specialty-Chemicals-Income-Plummets_45478.html
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