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Sika Shares Details Regarding COVID-19 Impact and Strategic Targets

Members of group management and Sika experts explained how trends such as innovation, digitalization, renovation, and sustainability are opening up opportunities for the company to gain market share during the COVID-19 crisis.
October 8, 2020
At the recent Sika Capital Markets Day 2020 held in Zurich, CEO Paul Schuler confirmed the group’s strategic targets.
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BASF Closes Divestiture of Construction Chemicals Business

With around 7,500 employees, the Construction Chemicals business operates production sites and sales offices in more than 60 countries and generated sales of about €2.6 billion (~ $3.1 billion) in 2019.
October 8, 2020

BASF recently announced that it has closed the divestiture of its Construction Chemicals business to an affiliate of Lone Star, a global private equity firm.


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COVID-19

Pilot Chemical Adds EPA Emerging Viral Pathogen Claim to Eight Products

The impacted products are from Pilot chemical’s EPA-registered quaternary ammonium compound and active ingredient line.
October 7, 2020
Pilot Chemical Corp. recently announced that, through its Mason Chemical Co. subsidiary, it has received U.S. Environmental Protection Agency (EPA) acceptance to add an emerging viral pathogen claim to the labels of eight products.
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Henkel to Host Manufacturing Day Events for High School Students

During the events, students will learn about Henkel’s adhesives technologies through a guided video tour and a virtual Q&A session with site leaders.
October 6, 2020
Henkel recently announced that it is opening its virtual doors to local high school students to recognize Manufacturing Day.
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DAP acrylic urethane elastomeric sealants

DAP: High-Performance Acrylic Urethane Elastomeric Sealants

DAP reports that Power Point 300 provides maximum flexibility and strong multi-material adhesion for a long-lasting, durable seal that won’t crack.
October 6, 2020

DAP has expanded its line of Power Point caulks and sealants, specifically formulated for the professional painting contractor, to include a line of high-performance acrylic urethane sealants called Power Point 300.


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acquisitions_mergers1

Covestro to Acquire DSM’s Coating Resins Business

Covestro agreed to a purchase price of approximately €1.6 billion (~ $1.9 billion), which will be financed through a combination of equity and debt instruments.
October 5, 2020
Covestro recently announced that it has signed an agreement to acquire the Resins and Functional Materials business (RFM) of Royal DSM.
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