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The Surface Treatment global business unit of BASF’s Coatings division, operating under the Chemetall brand, has completed the expansion of its production site in Lower Saxony.
The Verbund site in Guangdong would be BASF’s largest investment, estimated up to $10 billion upon completion, and would be operated under the sole responsibility of BASF.
Adeplast generates sales of CHF120 million with a workforce of 460 employees. The transaction is subject to clearance by anti-trust authorities.
The company’s High Point facility currently covers 37 acres and employs more than 250 people. It produces wood coatings to serve the furniture, building products, and flooring market segments as well as the company’s Chemcraft distributors.
Capital Paints will operate as one of three Axalta powder manufacturing facilities in the Emerging Markets region, with the others located in Malaysia and Indonesia.
Nolte stated that it plans to continue operations at the Münster/Germany site and expand its product development capabilities in the medium-term. The company added that it will focus its development on eco-efficient, global solutions for its customers.
SONGWON will use the laboratory to test the new molecules that its R&D team is developing and screen performance based on the different binders and formulation types that the customers in specific industries are using.
Benjamin Moore previously operated in a 70,000-square-foot distribution center in Mesquite, Texas that will continue to serve as its manufacturing facility.
The investment will significantly expand Perstorp’s Penta production capacity, designed to produce 40 KT of Penta per annum from 2022, the company said.
Combining the world class product ranges from both companies will also enable AkzoNobel to provide customers with a much wider portfolio of innovative and sustainable solutions, the company stated.