Paint & Coating News

Neo Performance Materials announces the official opening of its new Neo Jia Hua Advanced Materials (Zibo) Co., (NAMCO) plant, a world-class production facility for emissions control catalysts.

• Neo

Metaflake is pleased to announce a distribution agreement with Tempo Chemicals & Solutions, which will be responsible for marketing and distribution of its aluminum pigments in the U.S. and Mexico.

• Metaflake
• Tempo Chemicals & Solutions

LyondellBasell (LYB) is investing in a new closed-loop preparation center in Lich, Germany. This advanced recycling center transforms plastic waste into high-quality feedstock for high-performance materials.

• LyondellBasell

Japanese chemical manufacturer Mitsubishi Chemical is considering selling its subsidiary Mitsubishi Tanabe Pharma, according to the Nikkei Shimbun.

• Mitsubishi chemical

A price war! Slump in demand! Polyvinyl chloride (PVC) prices hit a new annual low! Since the beginning of June, the domestic PVC market price has shown a unilateral downward trend and continued to refresh the annual low point.

This decision will result in a reduction in MMA monomer capacity of approximately 80% and PMMA capacity of approximately 70% in the region.

The Chemical giant Dow Chemical Company lowered its earnings forecast for the third quarter because of the impact of Hurricane Beryl on a plant in Texas, the company said in a statement Thursday.

Lygos announced a Memorandum of Understanding with CJ BIO to produce and deliver a wide range of high-performance, sustainable products to the market.

• Lygos
• CJ BIO

BASF has started up a new, world-scale plant for the production of alkylethanolamines at its Verbund site in Antwerp, Belgium.

• BASF

Covestro India, a leading manufacturer of high-performance polymers, has launched a trimer production facility at its Ankleshwar plant in Gujarat.

• Covestro
• India

Aekyung Chemical, South Korea's top daily chemical brand, will invest a total of 96.7 billion won to build a mass production facility for TPC (terephthaloyl chloride), the main raw material for aramid fiber, by the end of 2025.

• Aekyung chemical

According to a report released by the German Industry Association (VCI) on Tuesday, the recovery of the German chemical industry slowed in the second quarter.

Although Turkey originally planned to start up the first reactor at Akkua in 2023, this has been pushed back to next year due to delays, with the remaining reactors expected to be operational by the end of 2028.

Liao Mengjun, Vice President of R&D Operation of Li Auto, and Guido Naberfeld, Senior Vice President of Automotive business of Covestro Engineering Plastics Division, witnessed the signing process.

On September 7, a fire and an explosion at the Armacell plant in Cheonan, South Korea, caused serious damage to the facility and forced the suspension of production operations.

Gravita India, a leading recycling company with global presence and 12 environmentally conscious state-of-the-art manufacturing plants across Asia and Africa, has a capacity of over 300,000 tonnes per annum across multiple scrap recycling verticals.

• Gravita India

Maersk Tankers, a global shipping leader, will launch a new chemical tanker pool on October 1 to expand its service scope and consolidate its market position.

• Maersk
• chemical tanker pool

Bostik, the adhesive solutions division of the Arkema Group, announces the launch of its new Kizen LIME range of packaging adhesives, a significant advancement in Arkema’s net zero emissions trajectory.

• Bostik
• Arkema
• Kizen LIME

On September 9, China State Shipbuilding Corporation (CSSC) signed an agreement with Qatar Energy Company, under which its wholly-owned subsidiary Hudong-Zhonghua Shipbuilding will undertake the construction of 6 state-of-the-art QC-Max vessels

• CSSC
• Qatar Energy

On September 9, 2024, Mitsubishi Chemical signed a definitive agreement to transfer its triacetate business to GSI Creos Corporation.

• Mitsubishi chemical
• GSI Creos Corporation