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According to AkzoNobel, the acquisition strengthens the company’s global leadership position in supplying innovative industrial coatings and aerospace and automotive coatings.
The series of debottlenecks and expansion projects will occur over the next 18 months and will increase capacity by 15,000 metric tons, the company reported.
The $630 million transaction, completed after approval from the European Commission and other global regulatory bodies, transfers to Evonik ownership of the HEM Silica facilities in North America, Europe and Asia.
The expansion includes an additional warehouse featuring a new receiving facility and delivery access point. This will provide additional packaging and manufacturing capabilities to meet customer’s needs, the company stated.
ChemSpec will be DOW’s distribution partner for WALSRODER™ Nitrocellulose and WALSRODER NC-Chip products across the United States.
The Polymer Additives business will now be known as Antioxidants and Accelerators (AOA).
With reported revenue of over $60 million, Fitz Chem is focused on the coatings, adhesives, sealants, and elastomer (CASE) markets, as well as the plastics and personal care markets. NAGASE Group is a supplier to these markets in Japan, with a portfolio of distributed products and proprietary products it manufactures.
PPG experts will train technicians from Argentina, Chile, and Uruguay on all of PPG’s automotive refinish product lines and color modules, as well as application techniques, the company stated.
The new laboratory space will feature contemporary robotic spray applicators that can simulate line application conditions inside customer manufacturing plants.
The company is investing a mid-double-digit million euro sum in the plant, which will have annual production capacity of several thousand metric tons, the company stated.