Akzo Nobel said it has placed three of its Chemical businesses, including its Coatings Resins unit, on the sale block as part of recently announced restructuring moves. The company said it also will seek to divest its Catalysts and Phosphorous Chemicals businesses.
BASF AG announced a reorganization of the company’s Industrial Coatings business unit in moves aimed at strengthening the unit’s focus on major individual markets.
BASF announced separate agreements to sell its North American-based silicones business to The Lubrizol Corp. and its ester, alkoxylates and silicones surfactant manufacturing site at Gurnee, IL, to Petroferm Inc.
Rohm and Haas Co. announced the formal start of operations at the company’s new Adhesives and Sealants and Coatings Manufacturing and Technical Service Facility in Taloja, India.
DuPont Performance Coatings announced agreements with Beijing Red Lion Coatings Co. Ltd. of China, forming two automotive coatings joint ventures based in Beijing and Changchun, China.
Akzo Nobel announced plans to build a new architectural-coatings production facility in China, with construction scheduled to begin by the end of the year.
Air Products and Chemicals Inc. and Nanotechnologies Inc. announced a joint development agreement and an equity investment by Air Products in Nanotechnologies aimed at commercial development efforts in select strategic market segments.
Columbian Chemicals Co. announced a global reorganization and the creation of a new Marketing, Sales and Carbon Black Technology group that combines the company's Marketing and Sales groups with the Product Development and Technical Service groups.
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