RPM International Inc. CEO Frank Sullivan expressed confidence that the company will deal effectively with asbestos-related litigation following a decline in the company's stock price attributed to Sullivan's previous comments about the issue.
A recently issued European Union proposal for limits on VOCs in coatings in Europe closely mirrors recommendations made by CEPE, the European Council of the Paint, Printing Inks and Artists' Colours Industry, industry sources said.
A bill that will give the California Air Resources Board (CARB) the authority to impose new fees on various consumer products and architectural paints roared to passage in the state legislature despite protests from industry groups.
Sixteen regional air-quality management districts in California have adopted rules or revised their existing regulations setting VOC limits for architectural and industrial maintenance (AIM) coatings, the California Air Resources Board (CARB) has reported.
The EPA recently issued the last three proposed rules in a series of regulations affecting hazardous air pollution emissions from various industrial coating application processes.
Oil prices that recently hit their highest price levels in two years have sent a wave of price-hike moves through downstream markets, including resins and other raw materials used in coatings.
A Massachusetts state representative has filed legislation that would impose a 5% tax on the sale of paint to provide funding for a newly created "Lead Paint Abatement Assistance Fund," the NPCA reported.
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