A newly updated and automated production line is up and running at AkzoNobel’s Suzhou site in China, part of a €14 million investment designed to accelerate growth and double the plant’s capacity for marine and protective coatings by 2025.
The 10-year agreement increases the share of renewable energy in Covestro’s total electricity consumption in Spain from less than 10% to approximately 30%.
Lauren Pagano, who previously served as Senior Vice President of the Adhesives, Coatings, & Sealants business unit, will also oversee the Spray Foam business unit.
The CoverFlexx Group manufactures and sells coatings for automotive refinish and aftermarket applications, focused on economy customers in North America.
The partnership offers a solution to recycle any brand of unwanted latex or acrylic paint. Consumers can simply place cans of leftover paint in a box and ship it using the pre-affixed shipping label.
Evonik received a platinum rating for its achievements in sustainability, and thus ranks among the top 1% of companies rated by EcoVadis in the past 12 months.
The report from MarketsandMarkets projects market growth driven by a surge in demand attributed to stringent regulations imposed by various governments on the permissible levels of VOCs.
The company's cutting-edge silicone-based hull coating solution's decarbonization efforts in the maritime industry are now third-party verified, and its impact on fuel savings and speed loss have been validated.
The announcements include a new President for Asia & Middle East, President of the new Europe & Africa region, and Senior Vice President for the newly formed Americas region.
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