Paint & Coating News

Since the fourth quarter of last year, Chemours has reached a joint venture agreement with the BWT Group.

• Chemours
• Titanium Dioxide

Recently, a number of domestic chemical companies have disclosed the first half of 2023 performance forecast. Of the 21 companies, 20 saw a year-on-year decline in net profit (six of them were in the red), and only one company turned a profit.

• Decline

China’s chemical industry is facing a challenging environment in its foreign trade, with the country’s Commerce Ministry warning of an “extremely severe” situation

• Foreign Trade

Biotech company FibroGen has announced that it will be cutting nearly one third of its American staff, affecting around 60 employees.

• biotech

Ginkgo Bioworks, a synthetic biology company, and Sumitomo Chemical, a Japanese chemical manufacturer, have announced an expansion of their partnership to develop functional chemicals using synthetic biology.

• Ginkgo
• Sumitomo

Data released by the National Bureau of Statistics on July 17th showed that in the first half of the year, China's fixed-asset investment was CNY 24.3113 trillion, representing a year-on-year increase of 3.8% and a month-on-month increase of 0.39%.

• statistics

The US Environmental Protection Agency (EPA) has taken action to reduce children's exposure to lead by proposing stricter limits on lead paint dust in older homes and childcare facilities.

• copper sulfate

Toray Industries, Inc. announced plans to increase the production capacity of its two factories for regular tow carbon fiber bundles.

• carbon fiber

Acrylic acid, acrylic monomer, and acrylic resin are widely used in various industries such as coatings, adhesives, textiles, and personal care products.

• Acrylic Acid
• acrylic monomer
• acrylic resin

July 14- An explosion at a chemical plant in Louisiana reportedly shook nearby homes and sent residents to emergency shelters, local reports said.

• DowChemical
• Fire

As wildfires continue to threaten communities in California and other parts of the world, finding ways to mitigate their destructive impact has become increasingly important.

• Fire
• fire retardant coatings

The Dutch chemical industry has been heavily impacted by continuously rising energy prices since Q2 2022.

• Dutch

According to reports, several European companies have reported a decline in chemical demand in the second quarter of this year, with no signs of improvement in sight.

• BASF
• Evonik
• Brenntag
• Clariant

Under the boost of crude oil, the chemical market has also emerged from its slump in the short term.

• crude oil

On July 11th, Longi Green Energy Technology Co., Ltd. announced plans to increase its stake in Zhongzhou Carbon Co., Ltd. through its subsidiary Zhongcarb New Materials by RMB 300 million in cash.

• new energy

BASF has signed a letter of intent with Zhejiang Guanghua Technology Co., Ltd. ("Guanghua Technology"), a prominent Chinese polyester resin manufacturer, to supply new neopentyl glycol (NPG) produced at BASF's integrated site in Zhanjiang.

• BASF

BASF, the German chemical company, announced on Tuesday that it is cutting its 2023 earnings guidance due to weak industrial demand caused by the ongoing COVID-19 pandemic.

• BASF

The tensions between Russia and Ukraine are having an impact on the Russian chemicals industry, as the country faces increased pressure from the West over its actions in Ukraine.

• Ukraine
• Russia

On June 29th, the Liquid Purification Technologies business unit of LANXESS signed a distribution agreement with Shanghai Bofan Industrial Co., Ltd. to provide Lewatit ion exchange resins for brine softening in the Chinese chlor-alkali industry.

• Lanxess

Arkema announced that it plans to acquire a 54% stake in the Korean-listed company PI Advanced Materials held by Glenwood Private Equity for an enterprise value of €728 million and consolidate its financial statistics into Arkema's financial statement.

• Arkema