"This partnership underscores our shared commitment to innovation and safety, empowering us to deliver groundbreaking solutions to our customers," remarked Martin John, Global VP Coatings & Adhesives, Clariant.
The company has been testing an innovative automotive paint aimed at helping lower a vehicleʼs ambient cabin temperature in summer while reducing the energy usage of the air-conditioning system.
Upon completion of the acquisition, Industrial Physics customers will have the ability to measure the absolute thickness of coatings down to sub-micron levels more precisely, using advanced technology systems.
The acquisition expands Arclin's capabilities in North America, and is viewed as a key step in the company's strategy toward expanding its product presence into sectors that are adjacent to its core chemistries and business.
"With the solid second quarter performance and better visibility into the second half of the year, we are raising our full year 2024 guidance,”
said Chris Villavarayan, CEO and President.
Covestro has decided to enter into concrete negotiations with Adnoc regarding a potential transaction and the potential conclusion of an investment agreement, as well as to allow for an adequate exchange of company information to confirm assumptions.
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