PPG announced that it will invest $380 million to build a new aerospace coatings and sealants manufacturing facility in Shelby, N.C. Construction on the 62-acre site is set to commence in October 2025 and is expected to be completed in the first half of 2027. Read More…
WEG has signed a contract to acquire the assets of Heresite Protective Coatings, a Wisconsin-based industrial coatings company, for $9.5 million, subject to typical closing adjustments. The acquisition will be reflected in WEG’s financials beginning May 2025. Read More…
AkzoNobel announced that it has partnered with IPG Photonics on applying laser technology for curing powder coatings. Read More…
Strategic Value Partners, LLC and its affiliates (together, "SVP") and Blantyre Capital Limited ("Blantyre") announced that SVP-managed funds and Blantyre-managed funds have acquired OQ Chemicals (OXEA), a global producer and merchant of oxo chemicals. As part of the acquisition, OQ Chemicals will reinstate its name to OXEA, reaffirming its heritage and longstanding presence in the global chemicals industry. Read More…
Impact Coatings and Smoltek Hydrogen have entered a collaboration to explore the potential integration of Smoltek Hydrogen’s carbon nanofiber (CNF) technology into the Impact Coatings INLINECOATER™ series of PVD systems. Read More…
BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd. Following approval by the relevant authorities, the transaction was completed effective April 21, 2025. Both parties have agreed not to disclose financial details of the transaction. Read More…