Chemical Week Magazine :: Cover Story
Paints and Coatings
Tough Economy Dulls Outlook
12:13 PM MST | November 10, 2008 | Kate Phillips and Esther D’Amico
The troubled economic environment has heightened concerns among paintmakers that have been struggling with the slowdowns in the automotive and housing sectors, two of their biggest end markets, for much of the year. Many producers say they are uncertain about prospects for the next few quarters, and some have announced restructurings including plans for layoffs and/or plant closings. Most product price increases have been successful in the last year but have not been enough to offset reduced demand in certain markets as well as higher energy, freight, and raw...
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