News Markets & Companies

Covestro continues to focus on savings

The chemical company Covestro recorded a decline in sales last year. Despite a loss of 198 million euros in the past year, the company is aiming for an operating profit of between 1.0 and 1.6 billion euros...

Trends and challenges at the protective coatings market.
News Markets & Companies

Protective coatings: A highly competitive market

The market for protective coatings is projected to grow from EUR 13.4 billion in 2023 to EUR 15.9 billion by 2028, at a CAGR of 3.5 %, during the forecast period. How is the market currently shaped?...

News Markets & Companies

OQ Chemicals declares force majeure for products from Oberhausen

Due to a significant operational disruption at a raw material supplier, OQ Chemicals declares force majeure for certain products manufactured at the Oberhausen site.

News Markets & Companies

BÜFA and AOC expand their partnership in Scandinavia

AOC and BÜFA are expanding their existing sales co-operation to Sweden.

News Markets & Companies

Grasim Industries expands epoxy resin capacity to 246,000 tons annually

Grasim Industries Limited, the flagship company of Aditya Birla Group, in its Chemical business formally inaugurated the expansion project of 123,000 tonnes of Epoxy resins and formulation capacity at...

News Markets & Companies

Covestro increases share of renewable power for site in Belgium

Covestro and RWE have signed a long-term power purchase agreement (PPA) for the supply of power and guarantees of origin from offshore wind turbines in the North Sea for the Covestro production site in...

News Markets & Companies

The Nordic Mark is Kansai Helios new partner in Czech Republic

Kansai Helios and The Nordic Mark formed a strategic distribution partnership to enhance Kansai Helios's presence in the Czech market, with thenordicmark taking over distribution of brands directly from...

News Markets & Companies

Evonik reorganizes administration: 2000 jobs to be cut

Evonik is restructuring its administration and cutting up to 2,000 jobs worldwide, including around 1,500 in Germany, to reduce costs and expects a moderate recovery despite a difficult previous year,...

News Markets & Companies

Aditya Birla increases 40 % in capacity with Birla Opus

Chairman of Aditya Birla Group, Kumar Mangalam Birla, announced the launch of products and services under his new decorative color brand "Birla Opus".

News Markets & Companies

Akzo Nobel targets growth in Pakistan as new site takes root

A new €26 million manufacturing plant with its own forest has been opened by Akzo Nobel in Faisalabad – the company’s largest investment in Pakistan to date.

News Markets & Companies

UK coatings industry’s Net Zero Roadmap awarded publication of the year at the 2024 Trade Association Forum Awards

The British Coatings Federation (BCF) secured a win in the Publication of the Year category at the 2024 Trade Association Forum (TAF) Awards ceremony in London, in front of more than 350 delegates.

News Markets & Companies

MC-Bauchemie establishes company in Tanzania

In December 2023, the MC-Bauchemie Group has established a company in Dar es Salaam, Tanzania. MC-Bauchemie Tanzania Limited is managed by Henry Mulima and has now commenced operations. The aim is to build...

News Markets & Companies

Election to Supervisory Board: Akzo Nobel nominates Jaska de Bakker, Ute Wolf and Wouter Kolk

Akzo Nobel has announced that Jaska de Bakker, Ute Wolf and Wouter Kolk will be nominated for appointment to the company’s Supervisory Board, while Mr. Byron Grote – currently Deputy Chair and Chair...

Simulation
News Markets & Companies

X-Rite appoints Jeff McKee as president

X-Rite Incorporated appoints Jeff McKee as President. With expertise spanning finance, IT, and global services, McKee will lead the company's advancement in digital color management, automation, and 3D...