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Asian Paints reports weaker earnings for FY 2025 amid market headwinds
Asian Paints has reported a decline in revenue and net profit for the financial year ending 31 March 2025. The company cited subdued demand and operational adjustments across domestic and international...
News Markets & Companies
PIC acquires 25% stake in Wanhua Chemical Yantai Petrochemical
With an investment of around EUR 597 million, Kuwait's Petrochemical Industries Company (PIC) is acquiring a stake in Wanhua Chemical (Yantai) Petrochemical. The investment is intended to further deepen...
News Markets & Companies
Between green goals and market demands: Decorative coatings in a balancing act
Demand for sustainable products continues to grow — but decorative coatings must also be durable, affordable, and easy to apply. Striking the right balance is one of the greatest challenges facing the...
News Markets & Companies
Brenntag Essentials reorganises operations in Germany
Brenntag Essentials, a subsidiary of Brenntag, has introduced three regional entities in Germany, each with its own operational leadership. The aim is to decentralise the company’s structure.
News Markets & Companies
Perstorp and BRB open innovation hub in Shanghai
Perstorp and BRB, subsidiaries of Petronas Chemicals Group, have inaugurated a new laboratory in Shanghai. The centre aims to strengthen innovation capabilities in the region, particularly for applications...
News Markets & Companies
Dow considers closure of East German production sites
US chemicals group Dow is considering the shutdown of two energy-intensive plants in Schkopau and Böhlen. The decision follows market overcapacities, rising costs and increasing regulatory pressures....
News Markets & Companies
Duncan Taylor appointed interim CEO of Allnex
Duncan Taylor will take over as interim CEO of Allnex on May 1, 2025, succeeding Miguel Mantas, who will retire from the company on June 30, 2025. Taylor will continue to serve as Chief Financial Officer...
News Markets & Companies
Marcus Jordan appointed new CEO of IMCD
Marcus Jordan has assumed the role of Chief Executive Officer (CEO) of IMCD N.V. as of 28 April 2025. He succeeds Valerie Diele-Braun, who is stepping down for personal reasons.
News Markets & Companies
Supply chains under pressure: Why local sourcing is gaining ground in the decorative coatings market
Global uncertainties are forcing the paint and coatings industry to rethink its sourcing strategies. In the decorative segment, more and more manufacturers are turning to local supply chains — for both...
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Strategic Value Partners and Blantyre Capital acquire OQ Chemicals
The acquisition marks a new phase for the company: OQ Chemicals will reinstate its name to Oxea.
News Markets & Companies
Handing over the Brush: BASF sells Brazilian paints business to Sherwin Williams
BASF and Sherwin-Williams have signed an agreement for the sale of BASF’s Brazilian decorative paints business, which is part of the company’s coatings division.
News Markets & Companies
Akzo Nobel and IPG Photonics partner on innovative laser curing technology
Akzo Nobel and IPG Photonics have entered into a partnership for the EMEA region. The goal is to jointly develop a laser-based curing process for powder coatings – with advantages in energy efficiency,...
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Interview: “Formulators are not yet using many bio-based products”
Many formulators are still hesitant to use bio-based raw materials – despite their often impressive performance. In this interview, Markus Dimmers, Senior Vice President Technical Marketing at Alberdingk...
News Markets & Companies
In memory of Ivano Zucchiatti: Founder of Italian tape manufacturer Sicad has passed away
Ivano Zucchiatti, founder and long-standing managing director of the Italian adhesive tape manufacturer Sicad, has died at the age of 84. With strategic foresight and a focus on technical development,...