Paint & Coating News

Recently, Celanese announced a price increase on a range of products across multiple regions, including Asia, the Americas, Europe, the Middle East, and Africa.

In 2024, China's coatings industry has been actively implementing new development concepts, accelerating the construction of a new development pattern, and steadily enhancing its production capabilities.

Air Products recently announced its decision to withdraw from three chemical projects in the United States, expecting to record a $3.1 billion pre-tax charge in its second-quarter financial results.

President Donald Trump recently announced the termination of the oil extraction agreement between the United States and Venezuela, effective March 1.

Evonik's Coating Additives business unit and Nippon Paint China announce a strategic partnership. The agreement combines Evonik's expertise in high-performance additive solutions with Nippon Paint China's market leadership in the coatings industry.

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LyondellBasell announced an investment to expand propylene production capacity at its Channelview Complex near Houston.

• LyondellBasell
• propylene

President Donald Trump has ordered a national security investigation into copper imports, potentially leading to new tariffs aimed at protecting critical metal supply chains for industries like electric vehicles, military equipment, and consumer goods.

Arkema has made a significant investment of approximately $20 million to expand its PVDF (polyvinylidene fluoride) production capacity by 15% at its facility in Calvert City, Kentucky.

Arkema has demonstrated resilience in a challenging macroeconomic environment, achieving a slight increase in EBITDA to €1.53 billion, with an EBITDA margin of 16.1%.

Celanese has announced a significant price increase for its PA6 and PA66 products across various regions, including Asia, the Americas, Europe, the Middle East, and Africa.

In a significant move, Audi has officially announced the closure of its Brussels factory as of February 28, 2025, which is expected to lead to the loss of approximately 3000 jobs.

In a significant financial update, BASF has announced a net income of €1.3 billion for the fiscal year 2024, a sharp increase from just €225 million in 2023.

Sibur has decided to start construction of a petrochemical catalyst plant in the second quarter of this year. Sibur's new investment project will allow the development and production of these special components to be concentrated at one location.

• Sibur
• petrochemical Catalyst

SCGC announced the latest progress of the Long Son Petrochemical Complex (LSP) Ethane Feedstock Enhancement Project (LSPE Project) in Vietnam.

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U.S. energy giant ExxonMobil has bought several batches of naphtha for its newly completed petrochemical complex in southern China as it prepares for the official start-up of the $10 billion plant, according to industry and trade sources.

• ExxonMobil

European Commission officially announced its preliminary ruling regarding the imposition of temporary anti-dumping duties on imported epoxy resins from China, South Korea, Taiwan, and Thailand.

AkzoNobel has unveiled an innovative water-based wood coating that contains 20% bio-based ingredients, marking a significant step toward enhancing the use of renewable raw materials without compromising performance.

On February 26, 2025, President Donald Trump announced that he would “soon” impose a 25% tariff on imports from the European Union, which would encompass “automobiles and all products.”

On February 27, 2025, President Donald Trump revealed plans to impose an additional 10% tariff on Chinese imports starting March 4, bringing the total tariff rate to 20%.

This decision follows a series of financial challenges, as the company reported a 4% decline in total revenue for 2024, amounting to €145.59 billion.