For the first half of 2017, AkzoNobel reported an increase in volumes by 2%, driven by Decorative Paints and Specialty Chemicals, and an increase in overall revenue of 4%, mainly due to volume growth and acquisitions.
RPM International Inc. announced that David P. Reif III, formerly Group President of the RPM Performance Coatings Group, has been appointed President – RPM Industrial Segment.
AkzoNobel's Specialty Chemicals business has finalized the first application agreement for biobased polymers to result from its collaboration with specialty polymers company Itaconix.
Axalta Coating Systems has made a binding offer to acquire the European and Chinese operations of IVA, one of the world’s leading wire enamel manufacturers, from its parent company Superior Essex.
RPM International Inc. reported record sales for its fiscal fourth quarter and year ended May 31, 2017. Net income and diluted earnings per share for both periods declined following impairment charges and other non-repeating items earlier in the year, as well as a one-time severance charge in the fourth quarter.
A large area of Brazilian rainforest located within one of AkzoNobel's sites is being planted with around 12,000 seedlings of species native to the region as part of an ongoing project to safeguard the fragile ecosystem.
AkzoNobel's Specialty Chemicals business is investing more than €20 million to increase production capacity in Sweden for its Expancel product line for expandable microspheres.
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