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.
This year's winners have demonstrated various benefits, including energy savings, carbon emission reductions, minimized water usage, and a significant decrease in VOC and hazardous air pollutant emissions.
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