Paint & Coating News

The performance of terminal demand is weak, the sales of downstream products enterprises are poor, the new orders are insufficient, and the inventory is gradually accumulated, which reduces the willingness of enterprises to stock raw materials.

Recently, Singapore issued G/TBT/N/SGP/72 notification through the WTO, planning to amend the Environmental Protection and Management Act to regulate formaldehyde in coatings as a harmful substance.

According to news reports, the accident occurred at about 8:30 a.m. at a plant belonging to the Chevrolet Renewable Energy Group in Geismar, about 66 miles (106 kilometers) west of New Orleans.

At present, China's dimethylacetamide (DMAc) market shows a stable situation, however, the low price reflects the pessimistic market sentiment.

The move will result in an approximately 80% reduction in MMA monomer capacity and a 70% reduction in PMMA capacity in the region.

Solenis is working with Heidelberger Druckmaschinen AG to integrate barrier coatings for paper packaging directly into existing flexographic printing processes in a more cost-effective way.

• Solenis
• Heidelberger

Ducor Petrochemicals, a leading manufacturer of polypropylene product solutions, has announced an exclusive partnership with Plastribution, a leading UK polymer distributor.

• Ducor
• Plastribution

As part of its growth strategy, Lubrizol is expanding operations at its Avon Lake, Ohio manufacturing facility to double production capacity for Solsperse hyperdispersants.

• Lubrizol

Chinese judicial authorities have ruled that two refineries owned by state-owned petrochemical company Sinochem have been declared bankrupt after creditors failed to reach a consensus on a restructuring plan, according to court documents.

On September 12, BASF officially announced that its world-class alkyl ethanolamine production facility at its integrated site in Antwerp, Belgium, has been successfully completed and is now operational.

Chemical giant BASF is planning an initial public offering of its agrochemicals business in the next few years as part of an upcoming restructuring plan, Bloomberg News reported.

Akzonobel has officially launched an innovative ultra-durable low-temperature powder coating product to provide customers in the construction industry with better surface protection solutions.

Dow has launched a range of REVOLOOP recycled plastic resins to incorporate post-consumer recycled (PCR) materials into cable jacketing to help meet the diverse needs and circularity goals of global customers.

• Dow
• REVOLOOP recycled plastic resins

Vallourec has signed a definitive agreement to acquire 100% of the shares of its subsidiary Thermotite do Brasil Ltda from Mattr (MATR.TO) for $17.5 million on a cash-free, debt-free basis, subject to customary price adjustments.

• Vallourec
• Thermotite do Brasil

Evonik's Coating Additives division launches innovative biosurfactants designed for coatings and inks formulations.

• Evonik

The development comes at a time of challenges for Pakistan's textile industry, including rising energy tariffs, which are already having an impact on foreign investment.

According to foreign media reports, the United Arab Emirates National Oil Company (ADNOC) plans to make a formal takeover proposal for German chemical company Covestro which involves a total value of up to 14.4 billion euros including debts.

China, the world's largest coal producer, mined 396.55 million tons of coal last month, up from 390.37 million tons in July, according to the National Bureau of Statistics.

On September 12, 2024, Akzonobel, the leader in the international coatings industry, announced that it will issue a total of 500 million euros of ten-year bonds with a coupon rate of 3.750%.

AkzoNobel has developed an ultra-durable low-bake powder coating that helps protect building surfaces in more challenging environments.

• AkzoNobel