The rapid growth of the automotive EV sector, growing urbanization, increasing disposable income, and increasing gross domestic product drive the powder coatings market, according to the report from MarketsandMarkets.
Under the plan, DuPont would execute the proposed separations of its Electronics and Water businesses in a tax-free manner to its shareholders, with New DuPont continuing as a premier diversified industrial company following completion of the separations.
The company plans to transfer the production to other locations in the region. The intention is the first part of a multi-year industrial efficiency plan to be fully finalized by the end of 2026.
Through this partnership, Axalta’s conventional and fast-cure low energy refinish paint systems will be integrated into Solera’s Sustainable Estimatics platform.
Alejandro Lopez, currently Global Finance Director for Automotive Original Equipment Manufacturer (OEM) Coatings, has been named Director, Investor Relations, effective June 1, 2024.
Chris Sonntag has joined the company as Director of Sales & Marketing, and will lead the Sales and Marketing Teams to build compelling value propositions with the goal of delighting customers.
Together with 1,000 industry signatories representing 25 sectors across Europe, the company will be strengthening the competitiveness, sustainability, and resilience of European industrial production, facilitating the transition towards a greener economy and developing sustainable practices across the industrial value chain.
The new range of powder coating solutions, derived from non-food organic waste, enables up to a 25% reduction in CO2 emissions compared to incumbent products containing fossil fuel-based polyester resins, while offering the same performance benefits and properties.
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