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The new owner has taken over the assets and employees with immediate effect. No active business is included in the sale.

The results show consolidated net sales increased 6.3% in the quarter to a record $6.24 billion, and net sales from stores in United States and Canada open more than 12 calendar months increased 9.5% in the quarter, among other key takeaways. 

The new appointment will be effective August 14, 2023. Current CFO, Sean Lannon, is leaving the company to pursue other opportunities.

The company’s second quarter results deliver on expectations with resilient volumes, profits up, and a strong free cash flow.

"Overall, we have recorded significant improvement in margins, both sequentially as well as on year‐on‐year basis, aided by strong efforts on driving operational, formulation and sourcing efficiencies and supported by easing inflation in raw material prices,” said Amit Syngle, Managing Director & CEO of Asian Paints Limited.

This is the first Sino-German offshore wind farm project involving development, construction, and operation.

The announcement follows proposed amendments announced in March 2022 to regulations for requiring specific establishments in certain high-hazard industries to electronically submit information from their Log of Work-Related Injuries and Illnesses, and Injury and Illness Incident Report.

GDB will manufacture a range of KODAK architectural paints in various shades and sheens, as well as deck stains, floor coatings, and more. 

The networking event for the global titanium and zircon industries will be held November 15-17, at the ParkRoyal Collection Marina Bay, Singapore.