Latest Business News
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.
Sika stated that the acquired production site will not only improve Sika’s ability to serve customers in the Turkish market but will also function as a distribution and production hub for the Middle East and Africa, reinforcing the supply chain in this region.
As part of the transaction, Axalta will acquire both Plascoat manufacturing facilities in Farnham, England and Zuidland, Netherlands.
Axalta will also acquire certain Valspar research and development facilities, warehouses and testing facilities, as well as customer contracts, intellectual property, inventory, accounts receivable, government licenses and permits, and business records.
Shares of Dow and DuPont will cease trading at the close of the New York Stock Exchange (NYSE) on Aug. 31.
EMCO will distribute Cortec’s additives throughout the Midwest and East Coast.