While specific details of the terms of the partnership will remain confidential, the definitive agreement includes a five-year period of exclusivity for this key customer, who will deploy the TRIO™ for consumer electronics applications.
MacIver brings nearly 30 years of commercial management and supply chain experience to the role. She will operate out of Pilot Chemical’s headquarters in West Chester, Ohio, and will report to CEO Mike Clark.
RPM reports its fiscal 2023 second-quarter sales were driven by increased pricing in response to continued inflation. In addition, volume grew in businesses that are benefiting from reshoring and infrastructure spending, and material supply improved through insourcing and qualifying new suppliers.
Sabo is a manufacturer of light stabilizers that relies on TAA derivatives as a raw material. The transaction was announced in mid-October, and the closing took place on December 29, 2022. The company says it is taking this step to focus its portfolio on specialty chemicals.
The new center serves as the primary shipping facility within the United Kingdom for the company’s cleaning fluids and tools. The new facility will provide access to thousands of SKUs, as well as product staging, kitting, and packing capabilities. It will also serve as the MicroCare U.K. Ltd. office headquarters.
PPG announced several leadership appointments, effective immediately. One of the company’s leaders will transition to lead a newly created PPG operations organization. PPG’s operations organization will encompass supply chain, operational excellence, manufacturing operations, procurement, and environment, health, and safety functions.
RPM’s last cash dividend increase of 5% in October 2022 marked the company’s 49th consecutive year of increased cash dividends paid to its stockholders, which places RPM in a category of less than half of 1% of all publicly traded U.S. companies.
This is the second consecutive year IVL has received this ranking. Factors that increased the company’s score include its ambition to use 16% bio-based and 10% recycled raw materials (rPET) as feedstock by 2030, and safer green chemistry substitutions to reduce toxicity from raw materials and production processes.
The agreement strengthens Azelis’ portfolio of pigment products in the coatings, adhesives, sealants, elastomers (CASE), and advanced materials & additives (AM&A) markets in France and Benelux. It includes the pigment portfolio that Sun Chemical acquired from BASF in 2021, and is an expansion of the long-standing partnership between Sun Chemical and Azelis.
BASF’s Chattanooga facilities produce a wide range of polymer dispersions with safety, sustainability, and innovation as top priorities. With operations in Chattanooga and Sparta, BASF employs approximately 300 people in Tennessee and invests nearly $23 million in the state through annual payroll, purchases, taxes, and charitable contributions.
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