"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.
Results included record first quarter Housing and Infrastructure Products (HIP) income from operations, and Performance & Essential Materials (PEM) sales volume growth.
First quarter 2024 net sales increased year-over-year. The growth within the company’s end-markets was driven by improvement in both refinish and light vehicles, offset partially by lower net sales in industrial and commercial vehicles.
The American Coatings Association announced new leadership appointments to its Board of Directors, effective immediately. Jeffrey J. Powell, President and CEO of Diamond Vogel, Inc., will serve as ACA Chairman; and Chase Bean, President, CEO and Chairman of Tnemec Company, Inc., will serve as ACA Vice Chairman & Treasurer.
The award for the most outstanding conference paper was presented on April 30 during the plenary session of the American Coatings Conference in Indianapolis, Indiana.