News - Articles - Page 373 | Adhesives & Sealants Industry

Dow Looks to Long-Term Goals Following Tough Second Quarter

Dow’s net sales were $11 billion in the 2019 second quarter, in line with the company’s guidance and down 14% vs. pro forma results in the 2018 second quarter.

August 1, 2019

Dow recently released its financial results for the second quarter of 2019.

Huntsman to Acquire Remaining 50% Interest in Sasol-Huntsman Joint Venture

The Sasol-Huntsman joint venture owns a manufacturing facility in Moers, Germany, with capacity to produce 230 million pounds of maleic anhydride.

July 31, 2019

Huntsman Corp. recently announced that it has signed a definitive agreement with Sasol to acquire the 50% interest that Huntsman does not own in the Sasol-Huntsman maleic anhydride joint venture.

ExxonMobil Begins Production on Beaumont High-Performance Polyethylene Line

The expansion increases plant production capacity by 65% or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per year.

July 31, 2019

ExxonMobil recently announced that it has started production on a new high-performance polyethylene line at its Beaumont, Texas, polyethylene plant.

Environmental Concerns Expected to Help Spur Strong Demand for Polyurea Coatings

The polyurea coatings market is expected to surpass $1.5 billion by the end of 2029, registering a CAGR of over 9%.

July 31, 2019

The global polyurea coatings market was valued nearly $600 million at the end of 2018, according to a recent report.

Bostik to Acquire Adhesive Films Manufacturer Prochimir

This acquisition would reportedly enable Bostik to broaden its offering of solvent-free thermobonding solutions earmarked for many fast-growing industrial applications in the automotive, construction, textile, and medical markets.

July 30, 2019

Arkema recently announced that Bostik plans to acquire Prochimir, a company specializing in high-performance thermobonding adhesive films.

Covestro Optimistic Despite Challenging 2019 Second Quarter

While Covestro’s core volumes rose by 1.1%, group sales fell 16.9% to €3.2 billion (approximately $3.6 billion) in the 2019 second quarter due to lower selling prices.

July 30, 2019

Covestro recently announced its financial results for the second quarter of 2019.

2019 Second Quarter Sales Decline 3.2% for Avery Dennison

Net sales for Avery Dennison declined 3.2% to $1.8 billion in the 2019 second quarter.

July 29, 2019

Avery Dennison Corp. recently announced preliminary, unaudited results for its second quarter ended June 29, 2019.

Maroon Group Acquires Amsyn

Going forward, Maroon reports that Amsyn’s range of technical capabilities and global supplier relationships will be additive to its existing capabilities and targeted growth strategy.

July 29, 2019

Maroon Group LLC recently announced that it has acquired Amsyn, LLC, a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics industries.

3M Sales Down 2.6% in 2019 Second Quarter

3M saw sales decline 2.6% in the 2019 second quarter, to $8.2 billion.

July 26, 2019

3M recently announced its financial results for the second quarter of 2019.

AkzoNobel to Acquire Aerospace Coatings Manufacturer Mapaero

Established in 1992 and specializing in sustainable water-based and advanced eco-friendly products, Mapaero operates a production facility in France and has around 140 employees.

July 26, 2019

AkzoNobel recently announced its intention to acquire France-based Mapaero, a manufacturer of aerospace coatings.