The company is expanding its capability in heavy-duty industrial coatings for petrochemical, pipeline, water treatment, and water storage segments, and, as a result, has added personnel.
"As we execute on various enterprise growth initiatives and capitalize on our technical and service capabilities, we expect positive momentum in driving improved sales volumes will broaden within our business portfolio," said company Chairman and CEO, Tim Knavish.
The company announced a regular quarterly cash dividend of $0.2225 per share of common stock, payable on August 14, 2024 to shareholders of record at the close of business on July 31, 2024.
Evonik delivered another strong quarter, exceeding analysts' expectations. Based on preliminary and unaudited figures, the company achieved an adjusted EBITDA of €578 million in the second quarter, 29% above the prior-year.
Jean-Marc Gilson, who most recently served as President and Chief Executive Officer of Mitsubishi Chemical Group Corporation, has been appointed by the Board of Directors to serve as President and Chief Executive Officer.
First quarter results reveal that consolidated and net sales are both down, attributed mostly to lower demand. In addition, the decorative business saw a revenue decline due to price cuts, according to the company.
Contributing to the company's success is its Abilities First Network, which works to provide support for people with disabilities, to open up opportunities for employees with disabilities, and to educate on how to best empower people to meet their full potential.
GDB International acquired a Despray "DS500" aerosol recycling system, making them the first aerosol can filler or paint recycler, globally, to claim 100% recycling and waste-to-energy capabilities for paint-filled aerosol cans.
The partnership with CESVIMAP R&D Center, a leader in research and development for the collision repair industry, will give Axalta’s refinish customers access to the center's Move2Green sustainability program which offers an online, self-assessment questionnaire to evaluate the current environmental impact of bodyshops.
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.webp?height=168&t=1672116434&width=275 "Sustainability and Bio-based")