Through this partnership, Axalta’s conventional and fast-cure low energy refinish paint systems will be integrated into Solera’s Sustainable Estimatics platform.
The new range of powder coating solutions, derived from non-food organic waste, enables up to a 25% reduction in CO2 emissions compared to incumbent products containing fossil fuel-based polyester resins, while offering the same performance benefits and properties.
This new award recognizes advocates of the chemical distribution industry who support policies in Congress that create real impacts for the chemical industry and its supply chain partners.
At its Responsible Careand Sustainability Conference, the American Chemistry Council honored six member companies and one external organization with its 2024 Sustainability Leadership Awards.
Closing for the aquisition of the aftermarket coatings business is expected to occur in the third quarter, and is subject to regulatory approval and other customary closing conditions.
While the company saw a decline in revenue over sales generated in the same quarter of the previous year, the gross profit margin of 15.3%, was similar to Q1/2023.
The new report from Allied Market Research shows that economic growth, urbanization, and increasing construction activities continue to drive demand in flooring, furniture, doors, windows, and other architectural woodwork.
"We are excited to fully bring Momentive into the broader KCC Corporation and anticipate a positive impact with the ownership change as we shift from a private equity mindset to a more strategic and long-term approach," said Momentive President and CEO Sam Conzone, Ph.D.
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