Paint & Coating News

Hubergroup announces the launch of the DYNAMICA ink range. This new color-intensive, fast-curing ink range is environmentally friendly, cobalt-free and mineral oil-free and formulated for commercial printing.

• Hubergroup

On February 4, the Tariff Commission of the State Council announced that, with government approval, new tariffs will be imposed on select imports from the United States starting February 10, 2025.

On January 30, Dow Inc. announced two significant strategic measures focused on layoffs and reducing capital expenditures. The company aims to achieve annual cost savings of $1 billion (approximately 72.5 billion RMB) through various initiatives.

According to data released by the National Bureau of Statistics on January 27, China’s industrial enterprises above designated size reported a total profit of 74,310.5 billion CNY in 2024, reflecting a 3.3% decline from the previous year.

On January 25, Eastern Shenghong revealed its earnings forecast for 2024, anticipating a substantial loss for the year. The company estimates a total loss attributable to shareholders of between 2 billion and 2.4 billion CNY, a stark contrast to the prof

Synthomer, a leading global supplier of high-performance specialty chemicals, held a grand opening ceremony for its newly completed China Innovation Center at the Shanghai International Chemical New Materials Innovation Center.

• Synthomer
• Shanghai
• specialty chemicals

Repsol’s Board of Directors approved the investment in Ecoplant, adding to the solution to reduce CO2 emissions in the transport sector while promoting a circular economy.

• Repsol

Toray Industries, Ltd. announced plans to establish a new production base in Guangdong Province, China, to produce high-performance resin compounds.

• Toray
• China
• Resin production base

BASF has developed a certified industrially compostable biopolymer for the manufacture of black and white plant clips. This is for the sustainable cultivation of greenhouse fruits and vegetables.

• BASF
• clips
• biodegrade

Evonik and Oerlikon Barmag have announced a collaboration to promote the chemical recycling of polyethylene terephthalate (PET) waste.

• Evonik
• Oerlikon

Stahl, a global leader in specialty coatings for flexible materials, is proud to announce its joining CEFLEX, a European collaboration to make all flexible packaging fully circular and PPWR-compliant.

• Stahl
• CEFLEX

BASF, Germany's largest chemical manufacturer, reported lower-than-expected annual profits on the 24th due to impairment of battery materials in its surface technology division and restructuring costs.

• BASF

On January 21, leading titanium dioxide producers Longbai Group (002601) and Huiyun Titanium Industry (300891) announced significant price hikes, with domestic titanium dioxide prices increasing by 300 yuan/ton and international prices rising by 50 USD/to

During the World Economic Forum Annual Meeting, PwC released its annual global CEO survey, revealing that nearly 60% of CEOs anticipate an acceleration in global economic growth over the next 12 months. This survey encompassed 4,701 CEOs from 109 countrie

Recently, Sinopec Chuanwei Chemical successfully conducted its first trial run of the 60,000 tons/year VAE (Vinyl Acetate-Ethylene Copolymer Emulsion) expansion project, producing qualified products on its initial feed. With this achievement, Chuanwei Che

On January 22, Evonik announced the strategic merger of its silica and silane business lines into a new company called Smart Effects, had be launched on January 1, 2025. This new entity will employ 3,500 individuals globally and will form part of Evonik's

On January 23, Juhua Co. announced a significant performance increase for 2024, projecting a net profit attributable to shareholders of between 1.87 billion to 2.1 billion yuan, reflecting a remarkable year-on-year increase of 98% to 123%.

LyondellBasell will begin shutting down its Houston-area petroleum refinery in late January, the company confirmed.

• LyondellBasell

Axalta Coating Systems and Dürr Systems AG, a leading mechanical and plant engineering company, have entered into a partnership to provide digital painting solutions that combine Axalta’s NextJet™ technology with Dürr’s robotic integration.

• Axalta Coating Systems

This week, Wacker Chemie AG opened two new production facilities for specialty silicones in Japan and South Korea, strengthening the company’s presence in the growth markets of Asia.

• Wacker
• Wacker Chemie