The plan, presented at a Capital Markets Day in London, contains the further operational and legal disentanglement of Brenntag Essentials and Brenntag Specialties, leading towards two distinct, high-performing divisions with full business autonomy.
The coatings industry, like many others, thrives on interconnectedness and shared value chains. By recognizing sustainability as a shared responsibility, understanding the interconnected needs throughout the value chain, and ensuring accountability, companies can drive meaningful change.
The technology & infrastructure (TI) division will be split into two units, each with different perspectives. In addition, the entire administration will be tailored to the needs of the operating businesses.
During the discussions, Covestro’s Board of Management will address the safeguarding of the further implementation of its future- and sustainability-oriented corporate strategy, including corresponding corporate governance provisions.
The market for architectural coatings is projected to grow from $85.1 billion in 2023 to $102 billion by 2028, at a CAGR of 3.9%. Read about key factors that provide market players with growth opportunities, as well as the potential challenges players could face during the forecast period.
Environmental, social, and governance issues have gained more prominence among regulators, investors, board members, and other stakeholders. Read about five important learnings from AkzoNobel’s journey to become an industry frontrunner in sustainability.
PCI Editors Kristin Johansson and Courtney Bassett provide a snapshot of the 2022 year in coatings based on information gathered for our annual Global Top 10 and PCI 25 rankings of the top coatings manufacturers.
The company shared details of its organic growth framework and expectations for organic sales and adjusted earnings per share growth. In addition, the company communicated the validation of its decarbonization targets by the Science-Based Targets Initiative.
