Latest News (last updated: 2009-03-10)

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Cytec Features New Products at Radtech Expo 2009 [2009-03-10]

Cytec Industries Inc. announces that they will participate at Radtech Expo 2009, to be held at Dongguan International Exhibition Centre, Guangdong, China from March 31st to April 2nd , 2009.

PPG helps Penske Racing go ‘green’ with ENVIROBASE high performance coatings [2009-03-09]

PPG Industries’ automotive refinish business is assisting Penske Racing in converting a state-of-the-art racecar painting facility in Mooresville, N.C., to using the environmentally-responsible Envirobase High Performance waterborne coatings system by PPG.

Dow reaches agreement to close Rohm and Haas deal [2009-03-09]

The Dow Chemical Company has announced that it has reached agreements with Rohm and Haas and certain of its shareholders, that permit Dow to close the acquisition on substantially altered financial terms by April 1, 2009.

DSM open new factory for waterborne acrylic resins in Waalwijk [2009-03-06]

Royal DSM, the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has opened a new factory for waterborne acrylic resins has been opened in Waalwijk (Netherlands).

Arkema appoints Hubron as UK distributor for its multiwall carbon nanotubes [2009-03-06]

Arkema has appointed Manchester-based Hubron Speciality Limited as its distributor for its Graphistrength® multiwall carbon nanotube products.

ARKEMA : 2008 FULL YEAR RESULTS [2009-03-05]

Arkema revealed solid 2008 results despite a significant deterioration of the economic environment in the fourth quarter

Hexion Specialty Chemicals Reports Fourth Quarter and Fiscal Year 2008 Results [2009-03-03]

Hexion reported that revenues in the fourth quarter of 2008 were $1.18 billion, compared to $1.48 billion during the prior year period as lower volumes more than offset increased pricing.

Huntsman Releases 2008 Fourth Quarter and Full Year Results - Fourth Quarter Net Income of $598 Million, Available Liquidity of $1.3 Billion [2009-02-26]

Huntsman said revenues for 2008 were $10,215 million, an increase of 6% compared to $9,651 million for 2007.

BASF posts solid earnings in a difficult business environment [2009-02-26]

Despite the deep global economic crisis, BASF presented solid figures for full year 2008. Sales rose by 8 percent compared with 2007 to €62.3 billion.

Kemira Oyj's Financial Statements Bulletin 2008 [2009-02-25]

Kemira said revenue in 2008 was EUR 2,832.7 million compared to EUR 2,810.2 million in 2007.

Ciba launches new Adhesives and Sealants website [2009-02-25]

Following its establishment in 2008 of one entry point and one dedicated team of experts for all its competences and capabilities in the field of adhesives & sealants, Ciba has now launched a new Internet channel devoted to the industry.

BASF participates in environmentally friendly sports car prototype presentation at the Geneva Motor Show [2009-02-24]

LAMPO is an ambitious project on which BASF, its coatings subsidiary BASF Coatings, and the Swiss company Protoscar have worked hand in hand.

AkzoNobel Publishes Q4 and FY 2008 Results [2009-02-24]

Akzo Nobel N.V. (AkzoNobel) today announced its results for the fourth quarter and for the full-year 2008. The company reported 2008 revenue in constant currencies of €16.2 billion, 6 percent ahead of last year (reported: 1 percent).

AkzoNobel Announces Supervisory Board Changes [2009-02-24]

It is announced today that Mr. Maarten van den Bergh, Chairman of the Supervisory Board, has informed the Board of Management that he wishes to resign from both being Chairman, and as a member, of the Supervisory Board of AkzoNobel. This is due to temporary ill health following an accident. Mr. van den Bergh's resignation takes place with immediate effect.

Valspar Reports First-Quarter Results [2009-02-23]

First-quarter sales totaled $639.5 million, a 16.4 percent decline from the first quarter of 2008.

Rockwood Reports Fourth Quarter and Full Year Results [2009-02-18]

Rockwood Holdings, a global producer of specialty chemicals and advanced materials, announced results for the fourth quarter and full year 2008.

DSM reports record year despite global economic downturn in Q4 [2009-02-18]

DSM said full-year operating profit was up 10% to EUR 903 million; Q4 down 35% to EUR 123 million.

Clariant Improves Operational Performance and Strengthens Focus on Cash Generation and Cost Reduction [2009-02-17]

Clariant, a world leader in specialty chemicals, said sales of CHF 8.1 billion for the Full Year 2008 compared to CHF 8.5 billion in 2007. This translates into a 1% growth in local currency and a 5% decline in CHF.

Cytec to Present on Cutting Edge UV/EB Technology at uv.eb WEST 2009 [2009-02-16]

Cytec Industries Inc. (NYSE: CYT) will present two papers at this week's uv.eb WEST 2009 conference.

New Colour Index for BASF orange pigment [2009-02-16]

BASF researchers and application specialists have developed a new brilliant orange pigment that has been listed in the internationally recognized Colour Index (C.I.) as Pigment Orange 82.

Jotun affected by turbulent global economy [2009-02-16]

Following positive trends for most of 2008, Jotun gradually noticed the effects of the turbulent global economy towards the end of the year. Performance in 2009 is expected to be weaker.

Drop in demand impacts Ciba profitability despite substantial reductions in cost base [2009-02-10]

Ciba said its sales and profitability were impacted by a collapse in demand in the fourth quarter.

Eastman Announces Fourth-Quarter and Full-Year 2008 Results [2009-02-10]

Eastman Chemical Company has announced a loss of $0.03 per diluted share for fourth quarter 2008 versus earnings from continuing operations of $1.25 per diluted share for fourth quarter 2007.

Huntsman Suspends Work on Planned MDI Plant in Europe [2009-02-10]

Huntsman Corporation has suspended work on design and feasibility studies for its planned investment in a new methylene diphenyl diisocyanate (MDI) plant at its site in Rozenburg, the Netherlands.

RPM Subsidiary Acquires Swiss Sealants Company [2009-02-09]

RPM International Inc. said its subsidiary, Tremco illbruck International GmbH, has acquired Karochemie AG, a leading supplier of sealants to the construction markets in Switzerland and Liechtenstein.

Rohm and Haas Company Reports Fourth Quarter Results [2009-02-09]

Rohm and Haas Company has reported fourth quarter 2008 sales of $2,030 million, a 13 percent decrease over the same period in 2007, driven by accelerating market declines that impacted all businesses and regions except Salt.

Sherwin-Williams to Acquire Altax in Poland [2009-02-06]

The Sherwin-Williams Company has closed a definitive agreement to acquire Altax Sp. zo.o. headquartered in Poznan, Poland.

BASF takes steps to optimize its structures [2009-02-04]

BASF is taking steps to optimize its structures in order to sharpen the company's focus on its customer industries.

Celanese Corporation Reports Fourth Quarter and Full Year Results [2009-02-03]

Celanese said net sales were $1,286 million, down 27% from prior year period.

Dow Chemical Files Response in Rohm and Haas Litigation [2009-02-03]

The Dow Chemical Company filed its Answer in the Delaware Court of Chancery to the litigation initiated on January 26, 2009 by Rohm and Haas Company related to the proposed merger between the two companies.

The Dow Chemical Company Fourth Quarter and Full-Year 2008 Results [2009-02-03]

Dow said volume declined 17%, with declines in all operating segments except Agricultural Sciences and Hydrocarbons and Energy, and in all geographic areas.

Jotun builds new factory in the US [2009-02-03]

The Board of Directors has approved the investment in a new factory in the United States.

Cytec Announces Fourth Quarter and Full Year 2008 Results [2009-01-29]

Cytec Industries Inc. has announced a net loss for the fourth quarter of 2008 of $350.7 million or $7.39 per basic share on net sales of $698 million.

PRA and Pera announce merger [2009-01-22]

PRA and Pera have merged following an Extraordinary General Meeting of PRA Members, held at the Coatings Technology Centre, Hampton, Middlesex, UK

PPG posts record fourth quarter, annual sales of $3.2 billion, $15.8 billion [2009-01-16]

PPG Industries reported record sales for the fourth quarter of $3.2 billion, surpassing the prior year's fourth quarter results by 3 percent. Fourth quarter net income was $71 million, or 43 cents per share. Fourth quarter 2007 sales were $3.1 billion and net income was $200 million, or $1.21 per share.

AkzoNobel to Divest Non-Stick Coatings Activities [2009-01-16]

AkzoNobel has agreed to divest its non-stick coatings business to privately-owned, US-based company Whitford Worldwide.

AkzoNobel Claims Pole Position with Innovative Paint System for Vodafone McLaren Mercedes Formula 1 Team [2009-01-16]

AkzoNobel's Car Refinishes business is the official supplier of paint solutions to the Vodafone McLaren Mercedes Formula 1 team.

Lubrizol Updates Full-Year Guidance for 2008 To Reflect Current Economic Conditions [2009-01-16]

The Lubrizol Corporation has announced that it is lowering its earnings guidance for 2008 to approximately $4.09 per diluted share excluding restructuring and impairment charges.

PolyOne Announces Restructuring, Cost Savings Initiatives [2009-01-15]

As a result of recent unprecedented declines in demand due to the deteriorating global economic climate, PolyOne Corporation has announced restructuring and cost savings initiatives to enhance the Company's long-term performance while helping to mitigate the near-term effects of the economic downturn.

PPG appoints Niekamp vice president, automotive coatings [2009-01-14]

PPG Industries says Cynthia A. Niekamp has joined the company as vice president, automotive coatings. She is based at the company's Troy, Mich., automotive technology center and reports directly to William A. Wulfsohn, senior vice president, coatings.

Sika continues growth despite negative currency effects [2009-01-13]

Sika Group posted net sales in 2008 of just over CHF 4.6 billion.

Artificial intelligence supports labs in matching new colors for refinishing [2009-01-13]

BASF Coatings has presented a new method to master the color-matching quest.

Tronox's U.S. Operations File Chapter 11 [2009-01-11]

Tronox Incorporated (OTC: TROXA, TROXB) announced today that it and certain of the company's subsidiaries filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code.