Paint & Coating News

According to Dutch trade unions FNV and CNV, LyondellBasell's (LYB) plastic precursor production plant in Maasvirat, Port of Rotterdam, Netherlands, may face closure.

• LyondellBasell

Eight of Eastman’s copolyester resins and their equivalent Renew grades containing recycled content have received the RecyClass certification for recyclability.

• Eastman
• copolyester resin

On February 10, 2025, U.S. President Donald Trump signed an executive order imposing a 25% tariff on all imported steel and aluminum products, declaring that this policy includes "no exceptions or exemptions."

As of February 10, 2025, the weekly oil price trends indicate a downward shift, with domestic prices remaining notably stronger than international ones.

On February 10, 2025, Premier Li Qiang chaired a State Council meeting to discuss policies aimed at resolving structural contradictions in key industries.

Abu Dhabi National Oil Company (ADNOC) and Austrian energy firm OMV have announced plans to merge their plastics businesses and acquire Canadian plastic producer Nova Chemicals.

On February 10, Sumitomo Chemical announced its acquisition of the liquid crystal polymer (LCP) resin business from Belgium's Syensqo SA/NV.

The European Chemical Industry Council (Cefic) recently released a report indicating that the European chemical sector is experiencing a severe oversupply situation, with 11 million tons of chemical production capacity scheduled for closure.

Mitsubishi Chemical announced a definitive agreement to sell Tanabe Pharma to Bain Capital for approximately ¥510 billion (around ¥245 billion RMB).

European Union's climate policy chief announced a potential exemption for 80% of companies covered by the upcoming Carbon Border Adjustment Mechanism (CBAM).

Japanese chemical giant Asahi Kasei announced a significant decision during its board meeting to absorb its wholly-owned subsidiary, Asahi Kasei Epoxy Corporation, through a merger.

U.S. President Donald Trump announced plans to implement reciprocal tariffs next week, affecting all countries.

Sika has acquired Elmich Pte Ltd, a leading urban greening systems supplier headquartered in Singapore.

• Sika
• Elmich

PQ, a manufacturer of silica, silicates and derivatives, and ADDITIVA Produtos Químicos, a Brazilian distributor of industrial chemicals, have announced a strategic partnership that begins on February 1, 2025.

• PQ
• ADDITIVA Produtos Químicos
• silica
• silicates

Orion SA, a global specialty chemicals company, announced today that it has signed a long-term supply agreement with Contec SA to provide Orion tire pyrolysis oil to produce recycled carbon black for tire and rubber product customers.

• Orion
• Contec

Honeywell announced that its Board of Directors has completed a comprehensive portfolio review initiated by Chairman and CEO Vimal Kapur a year ago and intends to fully separate the Automation and Aerospace Technologies business.

• Honeywell
• Automation
• Aerospace

The Mipa Group is expanding its sales network in Austria and will take over the business of Wildschek Lacke & Farben GmbH, headquartered in Münchendorf near Vienna, from February 1, 2025.

• The Mipa Group
• Austria
• Wildschek Lacke

Dow Inc. released its financial results for the fourth quarter of 2024, reporting $10.4 billion in net sales, a 2% decline year-over-year, primarily due to decreased performance in the packaging and specialty plastics segment.

Honeywell has released its financial results for the fourth quarter and the full year of 2024, achieving metrics that either met or exceeded the company's updated annual guidance.

ADNOC Gas plc has announced a record-breaking $5 billion net income for the fiscal year 2024, setting a new milestone for the company. Additionally, the quarterly revenue reached $1.38 billion, surpassing expectations laid out by Bloomberg.