Akzo Nobel Coatings announced plans to invest 12 million euros, or approximately $10.6 million U.S., in its powder-coatings production facility at Cernobbio, Italy.
Akzo Nobel announced an agreement to acquire the worldwide marine and aerospace-coatings businesses of NOF Corp. of Japan, a purchase that will include portions of U.S. Paint Corp. of the United States and NOF Europe.
BASF Corp. Executive Vice President Frank E. McKulka, addressing a "Greening the Environmental Supply Chain" workshop panel discussion at a conference in Seattle, said suppliers to the automotive industry are responding to a mandate to provide environmentally friendly product solutions while keeping costs down and quality at high levels.
The U.S. EPA, responding to a determined and lengthy campaign by the coatings industry, has decided not to significantly expand the regulation of paint production wastes.
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