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While the company saw a decline in revenue over sales generated in the same quarter of the previous year, the gross profit margin of 15.3%, was similar to Q1/2023.

"We are excited to fully bring Momentive into the broader KCC Corporation and anticipate a positive impact with the ownership change as we shift from a private equity mindset to a more strategic and long-term approach," said Momentive President and CEO Sam Conzone, Ph.D.

Kansai Paint announced the completion of Kansai Helios’ acquisition of Weilburger, strengthening its position in rail and industrial coatings.

Although the company saw a decline in sales over the previous year, it maintains that this was mainly driven by considerably reduced prices as a result of lower raw materials and energy prices in almost all segments, as well as lower precious metal prices.

Brian Martin has joined the company's Automotive & Specialty Coatings division as Business Development Manager for North America.

As President of the European Chemical Industry Council, Dr. Ilham Kadri began her new role by sharing her views for the future of industry in Europe.

The Hempel Foundation, in agreement with the Hempel A/S Board of Directors, has agreed to invite CVC Funds to become a minority investor.

The 200,000-square-foot site in Westfield, Massachusetts, formerly owned and operated by National Envelope Company, commenced operations in January 2024.

Rosey Malchow is the company's new Senior Customer Service Manager, responsible for managing the Customer Service Team and the Planning Department.

In its new CIRKIT product portfolio, the company bundles all its circular coating solutions. Under a new, uniform naming concept, the company will continue to develop functional coatings paving the way for circular packaging.