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.
EPA is proposing two additional questions addressing reverse engineering that companies would be required to answer to substantiate CBI claims for specific chemical identities; and is proposing procedures for companies to use in amending certain previously-submitted substantiations to include responses to the additional questions.
Under the reclassification, aerosol cans, pressurized or spent — including spray paint cans — will be treated and handled as universal waste.
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.