Akzo Nobel Car Refinishes announced plans for a "major restructuring" to be carried out over the next two years, a program that the company said will result in the reduction of approximately 600 employment positions, or 10% of the business's global work force.
Coatings supplied by Akzo Nobel's International Protective Coatings business are being applied to the roof of the historic Olympic stadium in Athens as part of the facility's modernization in preparation for this year's Olympic games.
Arch Chemicals Inc.'s Coatings Division announced the launch of the Sayerlack brand as the business's global brand name, a move the company said reflects a plan to enhance the profile of Sayerlack wood-coatings products in the United States and Canada.
Eastman Chemical Co. and the New York private investment firm Apollo Management L.P. announced an agreement for the sale of certain businesses and product lines of Eastman's coatings, adhesives, specialty polymers and inks (CASPI) segment to Apollo Management for $215 million.
Rodda Paint Co., Portland, OR, announced the introduction of the "Ultimate" line of premium exterior paint that the company says incorporates a silicone technology new to the U.S. architectural-coatings market. The company calls the product's lifetime guarantee "the best in the business."
Akzo Nobel announced the start of construction of a new architectural-coatings production facility in Vietnam, located in an industrial area near Ho Chi Minh City.
Subsidiaries of Flint Hills Resources L.L.C., an independent refining and chemicals company based in Wichita, has acquired performance chemicals business assets from BP Chemical Co.
DSM Coating Resins announced an agreement to acquire the Hüttenes-Albertus Lackrohstoffe (HAL) coatings-resins business of Hüttenes-Albertus Chemische Werke GmbH of Düsseldorf, Germany.
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