Epoxy resin suppliers said the market is under "intense upward pressure on pricing" generated by rising global demand and continued increases in raw-material and energy costs, with the situation not expected to change in the near term.
The investment firm Apollo Management L.P. announced an agreement to acquire Borden Chemical Inc., a supplier of thermoset and other high-performance resins, adhesives and specialty chemicals, for approximately $1.2 billion including the assumption of outstanding debt.
Akzo Nobel Coatings' Coil and Extrusion Coatings Business Unit presented the 18th Annual Hanna Award in Coatings, recognizing the best project on the science and technology of chemical coatings entered in Ohio Science Day, to middle-school student Carly J. Frazier of Frankfort, OH.
The American Chemical Society's Division of Polymeric Materials: Science and Engineering (PMSE) issued an invitation for nominations for the 2005 Roy W. Tess Award in Coatings, a prize that recognizes "outstanding individual achievements and noteworthy contributions to coatings science, technology and engineering."
Eastern Michigan University's Coatings Research Institute issued a call for papers for the institute's "Smart Coatings 2005" Symposium, scheduled for Feb. 2-4, 2005, in Orlando, FL.
Akzo Nobel Car Refinishes announced plans for a "major restructuring" to be carried out over the next two years, a program that the company said will result in the reduction of approximately 600 employment positions, or 10% of the business's global work force.
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