Paint & Coating News

Stahl, a provider of coatings technologies headquartered in the Netherlands, has agreed to acquire ICP Industrial Solutions Group (ISG), a leader in high-performance packaging coatings.

• Stahl

Since the listed price of pure MDI was 20000 yuan/ton (3000 yuan/ton lower than the price in November), the price of MDI stopped falling and rebounded in 2023, and rose in January.

• surge

It is understood that the total investment of the project is 83.7 billion yuan, the site construction is about to start, the construction period is from June 2022 to December 2024, and the mechanical completion is expected in 2025.

• Construction

Recently, in Zhejiang Chuanhua Yixun New Materials Co., Ltd. annual output of 680,000 tons of silicone new materials and high-end fine chemicals project site, Hangzhou Xiaoshan District held in the first quarter of 2023 to expand the effective investment

• annual output

On February 28, HongPola Baoli released the "Announcement on joint investment and establishment of subsidiaries and related transactions", saying that it will invest and establish Nanjing Dicheng New Material Science and Technology Co., LTD

• transactions

Recently, Beijing Gaomeng New Material Co., Ltd. on the wholly-owned subsidiary (hereinafter referred to as "Gaomeng New Material") issued an announcement that agreed to the wholly-owned subsidiary Nantong Gaomeng New Material Co., LTD

• new material

On March 2, Evonik released full-year financial results for 2022, saying it met its targets on schedule and delivered solid earnings in a difficult environment.

• evonik

Huntsman earlier reported fourth quarter and full year 2022 results. Fourth quarter revenue of $1.65 billion, net loss of $91 million, adjusted net income of $8 million, adjusted EBITDA of $87 million; For the full year, net income was $460 million.

• Textile dyeing and chemical Division

Between 2023 and 2027, a total of 935 to 1.855 million tons of acrylic products are expected to come on stream from four to nine different Chinese companies, including large-scale refining and chemical integration projects.

• Acrylic Acid

The titanium dioxide industry has seen another wave of price increases following a centralised price adjustment in early February.

• Titanium Dioxide

According to the "2022 Performance Report" released by the BASF Group on February 24, the sales of the BASF Group in 2022 will be 87.3 billion euros, a year-on-year increase of 11.1%.

• BASF

As for acrylic, its cost has not increased significantly compared to the 2018-2022 cost surface due to the large supply of raw propylene and the minor price range adjustment.

• Acrylic Acid

The acrylic market volume shift is predicted by the characteristics of acrylic phase supply and demand shifts and the influence of medium and long-term product expansion factors, combined with acrylic market data and industry characteristics from previous

• Acrylic Acid

Deciding to initiate an anti-dumping investigation against imports of phthalocyanine pigments (hereinafter referred to as the investigated products) from India.

• Anti-dumping Investigation

Earnings are under pressure and job cuts are expected

• BASF

A number of US chemical companies reported weaker-than-expected full-year and fourth-quarter results last year, with profit growth struggling to keep up with rising costs, according to Icis Inc. 's website.

• US

Lanxess recently announced that it will cooperate with Coxtron to produce more sustainable raw materials with a smaller carbon dioxide footprint, and reached an agreement on the production of key basic chemicals.

• basic chemicals

Evonik has announced an investment of €25 million to upgrade and expand its methionine intermediate 3-methylthiopropanal (MMP) production plant in Wetherling, Germany. This latest initiative will further strengthen its global methionine production network

• MMP plant

On February 14, PPG announced the launch of the PPG STEELGUARD 951 paint. This epoxy expansive fire retardant coating is very innovative and can well meet the needs of modern steel structures.

• fire retardant coatings

Coxtron announced that it will invest hundreds of millions of euros to build its largest thermoplastic polyurethane (TPU) production facility in Zhuhai, Guangdong province, which will be the largest investment project for Coxtron's TPU business.

• Coxtron