Asian Paints (India) Ltd. announced plans to divest its 89.6% ownership stake in its Mauritius subsidiary Asian Paints (Mauritius) Ltd. in a plan to exit its operations in the country.
- Eastman Chemical Co. said the Chinese government has awarded the company a certificate of Environmental Labeling Type II, known in China as the "Green Label," for Texanol ester alcohol and TXIB plasticizer.
The Flood Co. announced the formal dedication of the company's newly expanded and renovated Research and Development Center, named in honor of former Chairman and CEO Earl F. Flood.
PPG Industries Inc. announced that Coatings Scientist Kurt Olson and two other significant contributors to business and technology achievements have been elected to the PPG Collegium, the company's highest research and development honor.
Reichhold Inc. announced the creation of a team of Business Development representatives focusing on new-product introductions in the coatings industry.
DuPont announced plans to build a $10-million automotive-coatings laboratory in Japan to facilitate technical approvals for coatings used by Japanese auto manufacturers worldwide and to support auto-assembly operations.
BASF announced plans to consolidate its coatings-manufacturing operations in North America in moves that will include the discontinuation of automotive liquid-coatings production at the company's Morganton, N.C., site and the transfer of production there to facilities in Decatur, Ala.; Greenville, Ohio; Tultitlan, Mexico; and Windsor, Ontario.
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