Paint & Coating News

Specialty materials and surface technology company Kymera International announces the successful acquisition of Coating Center Castrop GmbH.

• Kymera
• Coating Center Castrop

In recent years, the global automotive market has encountered growth bottlenecks and increasing competition, becoming an intensely competitive sector.

On November 27, 2024, SolarEdge Technologies, a global leader in smart energy technology, officially announced its decision to terminate all business activities in its energy storage division due to poor company performance.

The U.S. Department of Commerce's Bureau of Industry and Security (BIS) announced that it will issue a ban on High Bandwidth Memory (HBM), covering models HBM2E, HBM3, and HBM3E, which will take effect on January 2, 2025.

The Chinese phosphate rock market has recently been affected by the export ban on phosphate fertilizers, impacting both price and supply.

Lecta, a European manufacturer and distributor of specialty papers for labels and packaging, announces the spin-off of its self-adhesive business unit from Torraspapel SAU. The spin-off will take effect on January 1, 2025.

• Lecta

BASF has completed the International Sustainability and Carbon Certification (ISCC) PLUS certification program for the production of biomass-balanced thermoplastic polyurethanes at its production site in Lemford, Germany.

• BASF
• ISCC plus

INEOS Enterprises has reached an agreement with KPS Capital Partners to sell the INEOS Composites business to the latter for an estimated consideration of approximately €1.7 billion upon completion of the transaction.

• INEOS
• KPS Capital Partners

Recently, the Russian customs announced a tariff of up to 55.65% on furniture sliding rail components imported from China, a decision that has drawn widespread attention from the Sino-Russian furniture trade community.

Recently, international media reported that the Tamil Nadu government in India has offered Foxconn approximately 200 acres of land to advance the construction of its planned Battery Energy Storage System (BESS) factory, with negotiations nearing completio

Recently, as a leading enterprise in the carbon fiber equipment industry, Zhejiang Jinggong Integration Technology successfully signed two major contracts totaling 1.764 billion RMB, surpassing the company’s projected annual revenue of 1.54 billion RMB fo

Recently, major Japanese chemical companies released their financial reports for the first half of the 2024-2025 fiscal year. The reports indicate that due to rising raw material costs, the profitability of these companies generally remains unsatisfactory

Zeren Group has successfully completed the acquisition of Türkiye Petrolleri (TP Petrol Dagitim AS), one of Turkey’s largest fuel retail chains, having received all necessary regulatory approvals.

• Zeren
• Türkiye Petrolleri

Arkema has completed the acquisition of Dow’s Flexible Packaging Laminating Adhesives business, one of the world’s leading producers of flexible packaging adhesives.

• Arkema
• Dow

The Ministry of Economy and Finance announced a flexible tariff operation plan for 2025, which includes maintaining zero tariffs on crude oil used to produce naphtha throughout next year.

• Naphtha
• South Korea

PPG has completed the sale of 100% of its architectural coatings business in the United States and Canada to industrial investor American Industrial Partners (AIP) for $550 million.

• PPG
• architectural coatings

Recently, at the 2024 China Coatings Industry Information Annual Conference and the 12th China Coatings Technology Innovation Summit Forum, Liu Jie, Secretary-General of the China Coatings Industry Association (CCIA), released an analysis report on the de

Keijzer concluded by stating that each strategic task is equipped with a tailored strategy that will determine resource allocation and reshape the company's innovation process to ensure systematic implementation of these strategies.

On November 26, 2024, Qatar Energy Investment Company officially began the construction of its blue ammonia plant located in Mesaieed Industrial City. This project has garnered significant attention as it will become the largest blue ammonia production fa

In recent years, the global automotive market has faced growth bottlenecks, becoming a highly competitive "red ocean" market. In this context, the rise of new energy and intelligent technologies is leading industry transformation.