Paint & Coating News

NEXTCHEM, a subsidiary of MAIRE, recently won a contract worth approximately 210 million euros to provide basic engineering and key equipment for the Pacifico Mexinol ultra-low carbon methanol project in Sinaloa, Mexico.

• NEXTCHEM
• Methanol

Li Chao announced that 200 billion yuan from ultra-long-term special treasury bonds will finance equipment upgrades across 16 sectors, spanning 7,500 projects.

On June 27, 2025, Japanese machinery manufacturer Kobelco announced a 3 billion yen (approximately 150 million RMB) investment to expand its rubber and tire equipment production operations in India.

The project’s inclusion in Indonesia’s five-year national strategy ensures government backing and prioritization, marking a milestone for industrial transformation and global value chain integration.

On June 27, 2025, the National Bureau of Statistics reported that profits of industrial enterprises above designated size totaled 27.2 trillion yuan from January to May, marking a 1.1% year-on-year decline.

On June 27, 2025, AkzoNobel announced an agreement to sell its stake in AkzoNobel India Ltd. (ANIL) to India’s JSW Group, one of the country’s leading diversified conglomerates.

On July 1, 2025, BASF announced a major strategic shift by relocating its global electronics materials operations base to Taipei.

On July 1, 2025, Honeywell announced the acquisition of the Li-ion Tamer business from Nexceris, a U.S.-based energy company founded in 1994.

Bridgestone’s factory in Biscay, Spain, has begun implementing its layoff plan, with 232 employees — 25% of the workforce — opting for voluntary redundancy since June 30, 2025.

On June 27, 2025, Michelin Group announced plans to halt operations at its Guarulhos factory in São Paulo, Brazil, citing low-cost Asian imports as the primary reason.

Skoda Auto has laid the foundation of a new advanced paint shop at its main plant in Mladá Boleslav, which is scheduled to be put into operation in 2029 with a daily production capacity of 1,600 vehicles.

• Skoda

Aksharchem India Ltd announced the successful expansion of its precipitated silica plant in Dahej, Gujarat, adding 6,000 tonnes/year of capacity.

• Aksharchem
• precipitated silica

On June 25, the State-owned Assets Supervision and Administration Commission (SASAC) announced significant leadership adjustments at China National Chemical Engineering Group Corporation Ltd. (CNCEC).

On June 25, 2025, Novoloop, a chemical recycling innovator, announced the successful completion of a $21 million Series B funding round, led by Taranis, an investment firm focused on climate infrastructure and industrial decarbonization.

Libya's National Oil Corporation (NOC) and Turkish Petroleum Corporation (TPAO) have signed a Memorandum of Understanding (MoU) in Istanbul, marking a pivotal step in offshore exploration collaboration.

Siemens has announced plans to gradually shut down its manufacturing facility in Peterborough, Ontario, over the next two years. The closure impacts the Measurement Intelligence production line, which will be relocated to the Concord facility.

Evonik announced the relocation of POLYVEST® ST-E 60 production to Shanghai, reinforcing its commitment to supply stability and proximity to Asian customers.

Ube Corporation has unveiled new details and timelines for its structural reform, focusing on expanding its specialty chemicals portfolio while reducing or ceasing production in its basic chemicals segment.

June 25, 2025: SABIC announced the permanent closure of its 865,000-ton-per-year ethylene plant in Wilton, UK, amid Europe's ongoing wave of petrochemical shutdowns.

South Korea’s export sector saw a 4.3% year-on-year rebound in June, offering a momentary boost to its trade-dependent economy ahead of impending US tariff hikes.