The Lubrizol Corp. completed the acquisition of Noveon International Inc., a supplier of coatings resins and other specialty chemicals, in a transaction valued at $1.84 billion.
The Sherwin-Williams Co. has acquired a majority interest in Shanghai Kinlita Chemical Co. Ltd., a Shanghai, China-based manufacturer of electrodeposition OEM coatings for trucks and buses.
DuPont Co. announced plans to reduce its worldwide work force by 6%, or 3,500 positions, by the end of 2004 as part of a $900 million cost-cutting program announced late last year.
ICI Paints announced a three-month program encouraging customers and employees of the company's eight Cleveland-area stores to support the Red Cross's "Together, We Prepare" initiative.
Employees at BASF's Whitehouse, OH, coatings site turned a fading 1985 Chevrolet Corvette into this colorful rolling ambassador of the Lucas County, Ohio, Drug Abuse Resistance Education (D.A.R.E.) program using a new BASF color dye system called "Carizzma."
BASF announced plans to phase out coatings production at the company's Batavia, IL, site and transfer production to facilities in Belvidere, NJ; Decatur, AL; and Morganton, NC, by the end of this year.
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