Paint & Coating News

As of February 5, 2025, the U.S. Customs and Border Protection (CBP) has released detailed guidelines regarding the 10% tariff on goods imported from China and Hong Kong.

The global pigment industry is undergoing a significant transformation, fueled by technological advancements and shifting consumer preferences.

Ecovyst and ChiralVision, a leading innovator in biocatalysis technologies, announce the signing of a Memorandum of Under to strengthen their collaboration in the field of enzyme immobilization.

• Ecovyst
• biocatalysis
• ChiralVision
• enzyme immobilization

Avantium, a leader in renewable and circular polymer materials, has signed a collaboration agreement with EPC Engineering & Technologies, an international technology provider and engineering and plant construction company.

• Avantium
• EPC Engineering & Technologies

BASF now launches Basotect EcoBalanced, the world’s first melamine foam, which helps reduce the carbon footprint of products for a variety of sound absorption applications in the transportation and construction industries.

• BASF
• Basotect EcoBalanced
• melamine foam

Oil giant BP has announced plans to sell its refinery in Gelsenkirchen, Germany, which operates under the name Ruhr Oel. The assets to be divested include the refinery in Gelsenkirchen and DHC Solvent Chemie in Mülheim an der Ruhr, Germany.

• BP
• refinery

China exported 158,400 tons of titanium dioxide, marking a 6.09% increase month-over-month and a 10.53% rise year-over-year.

TA'ZIZ, founded by UAE energy giant Abu Dhabi National Oil Company (ADNOC) and local sovereign investment firm ADQ, announced an investment of 1.7 billion USD to construct the UAE's first methanol plant.

BASF Group recently released preliminary financial data for 2024, forecasting sales to reach 65.3 billion euros, down from 68.9 billion euros in 2023. Despite a slight increase in volume, the company has experienced a decline in sales prices.

UBE Corporation has recently announced its detailed plans for structural reforms aimed at driving growth in its specialty chemicals business while addressing global environmental challenges.

BASF’s Coatings division has successfully transitioned its North American sites in Greenville, Ohio and Blackman Township, Jackson County, Michigan, to 100% renewable electricity starting January 2025.

• BASF

Solvay and Hankook announced the signing of a Memorandum of Understanding to collaborate on the development of bio-sourced and waste-derived recycled silica for use in tire production.

• Solvay
• Hankook

Clariant announces that the Lugman Group has exercised its rights to exit the transaction for the purchase of the real estate "Industrial Park Fechenheim", as a result of the exercise of certain pre-emption right by the City of Frankfurt.

• Clariant
• Lugman
• Industrial Park Fechenheim

Gemini Industries, Inc., an employee-owned manufacturer of wood coatings solutions, has acquired Diamond Vogel’s Industrial Wood business unit.

• Gemini Industries
• Wood Coatings
• Diamond Vogel

Recent reports indicate that Abu Dhabi National Oil Company (ADNOC) and Austrian energy firm OMV are in discussions to merge their plastics businesses and acquire Canadian plastics producer Nova Chemicals.

PPG Industries released its financial results for the fourth quarter and the entire year of 2024, revealing a net sales figure of $15.845 billion, which represents a 2% decline compared to the previous year.

Sherwin-Williams announced its financial performance for 2024, achieving a net sales figure of $23.0985 billion, reflecting a modest 0.2% year-on-year increase.

AkzoNobel released its financial performance report for the fiscal year 2024, revealing a sales figure of €10.711 billion (approximately $11.618 billion or ¥827.4 billion), which remained relatively stable compared to the previous year.

The European Union has recently initiated an anti-dumping investigation concerning the import of epoxy resins from China, South Korea, Taiwan, and Thailand.

LANXESS is about to launch a highly sustainable variant of its Bayferrox iron oxide yellow pigment.

• LANXESS
• Scopeblue
• Bayferrox iron oxide yellow pigment