Latest Business News

Chemetall Completes Expansion of Site in Germany

December 2, 2019 Business News
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.

BASF Launches Verbund Project in Zhanjiang, China

December 2, 2019 Business News
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.

Sika Acquires Manufacturer of Construction Materials in Romania

December 2, 2019 Business News
Adeplast generates sales of CHF120 million with a workforce of 460 employees. The transaction is subject to clearance by anti-trust authorities.

AkzoNobel Reinvests in Manufacturing Site in North Carolina

December 2, 2019 Business News
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.

Axalta Completes Acquisition of UAE-Based Capital Paints

December 2, 2019 Business News
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.

Oskar Nolte Purchases Former BASF Foil Coatings Business from Akzo Nobel

November 18, 2019 Business News
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 Opens Technical Service Coating Laboratory in South Korea

November 18, 2019 Business News
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 Opens Distribution Center in Lewisville

November 18, 2019 Business News
Benjamin Moore previously operated in a 70,000-square-foot distribution center in Mesquite, Texas that will continue to serve as its manufacturing facility.

Perstorp Invests in Penta Business in India

November 18, 2019 Business News
The investment will significantly expand Perstorp’s Penta production capacity, designed to produce 40 KT of Penta per annum from 2022, the company said.

AkzoNobel Completes Mapaero Acquisition

November 18, 2019 Business News
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.