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April 1, 2014
PPG announced two new executive appointments today, effective immediately. Dave Cole has been named v.p./packaging coatings and Anup Jain has been appointed v.p./specialty coatings and...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-announces-executive-appointments_59978.html
March 26, 2014
PPG announced today that it has agreed to acquire Canal Supplies Inc. (CSI; Panama City), a Panamanian distributor of protective and marine coatings, for an undisclosed sum. CSI...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-coatings-distributor-in-Central-America_59845.html
March 19, 2014
PPG announced today it is investing $27 million to expand its coatings manufacturing plant at San Juan del Rio, Querterano, Mexico. The expansion will involve four new buildings with...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-launches-$27-million-expansion-of-Mexico-coatings-plant_59656.html
March 6, 2014
BASF broke ground today on a resin and electrocoat (e-coat) plant at the Shanghai Chemical Industry Park at Caojing, China, the company says. The plant is scheduled to commence...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-breaks-ground-on-electrocoat-plant-at-Shanghai_59365.html
March 3, 2014
PPG has closed its acquisition of Hi-Temp Coatings Technology (Boxborough, MA), a maker of high-heat resistant industrial coatings, the company says. Financial terms of the deal, which...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-closes-heat-resistant-coatings-deal_59276.html
March 2, 2014
Axalta Coating Systems (Philadelphia), the former coatings operations of DuPont, says it is to invest $60 million to build a next-generation plant to expand its production capacity of...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-Coating-Systems-to-invest-$60-million-in-waterborne-coatings-Germany_59250.html
February 28, 2014
Tronox reports a net loss of $3 million, narrower than the $97 million loss reported in the same quarter last year. Earnings per share were at a loss of 6 cts/share—slightly...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tronox-reports-tighter-net-loss-stabilizing-pigment-market_59150.html
February 27, 2014
Jotun (Sandefjord, Norway) has completed construction of a paints and coatings plant at the industrial park in St. Petersburg, Russia. The plant, occupying a surface area of 9...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Jotun-opens-paints-and-coatings-plant-in-Russia_59157.html
February 26, 2014
Aceto named Carlos Restrepo, formerly v.p./intermediates and solvents at Ashland, senior v.p./performance chemicals, effective 24 February. Restrepo will report to Aceto CEO Salvatore...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Aceto-names-former-Ashland-exec-performance-chemicals-head_59121.html
February 14, 2014
Paints maker Jotun (Sandefjord, Norway) today reported a full-year 2013 operating profit of 1.26 billion Norwegian kroner ($206.5 million), a 12% increase compared with 2012...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Jotun-reports-higher-profits-marine-coatings-are-down_58820.html
February 12, 2014
Valspar today reported fiscal first-quarter net income down 2.5% year-on-year (YOY), to $53.6 million, on sales up 9%, to $956 million. Excluding restructuring costs, adjusted net...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Valspar-beats-estimates_58774.html
February 11, 2014
Paints and coatings company Tikkurila (Helsinki) has announced leadership changes in its business units in Eastern Europe. Simo Laitala has resigned as head/Russia, effective 11...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-makes-leadership-changes-in-Eastern-Europe_58743.html
February 10, 2014
Paints and coatings company Tikkurila (Helsinki) reports an operating loss of €4.2 million ($5.73 million) in the fourth quarter 2014 compared with an operating loss of €3.2...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-reports-4-2-percent-operating-loss-sales-drop-4-percent-in-fourth-quarter-2013_58693.html
February 4, 2014
Axalta Coating Systems (Philadelphia), the former coatings operation of DuPont, has announced plans to more than double waterborne coatings capacity at its Guarulhos, Brazil, site. The...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-to-boost-waterborne-coatings-in-Brazil_58542.html
February 3, 2014
PPG Industries has reached a definitive agreement to acquire Hi-Temp Coatings Technology (Boxborough, MA), a privately held maker of high-temperature-resistant and insulative coatings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-to-acquire-heat-resistant-industrial-coatings-maker_58508.html
January 30, 2014
Sherwin-Williams (SW) today reported fourth-quarter net earnings of $116.1 million, or $1.14/share, up 70.5% year-on-year (YOY), on sales up 10.8%, to $2.46 billion. The increases were...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Sherwin-Williams-earnings-rise-on-higher-architectural-paint-volumes_58448.html
January 22, 2014
RPM has acquired Citadel Restoration and Repair (St. Paul, MN), a producer and marketer of premium concrete and wood deck floor coatings for the professional contractor and...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-acquires-concrete-coatings-maker_58194.html
January 22, 2014
BASF said today that it is investing about €7 million ($9.48 million) to expand and optimize resins production at its Münster, Germany, site. The expansion in capacity for...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-expands-resins-capacity-at-Munster_58144.html
January 16, 2014
PPG today reported fourth-quarter net income from continuing operations up 33% year-on-year (YOY), to $254 million, or $1.78/share, on sales up 14%, to $3.7 billion. Adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-earnings-up-33-percent-beat-estimates-as-volumes-rise_58010.html
January 15, 2014
InChem (Rock Hill, SC), a custom chemical manufacturer and maker of phenoxy, is investing $15 million to purchase and expand a facility in Charlotte, NC, the company says. The facility...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/InChem-buys-manufacturing-site-in-North-Carolina_57981.html
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