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Brenntag Renews Pan-European Distribution Agreement with Elkem Silicones

The distribution agreement has existed since 2014 and includes the sales and marketing of Elkem’s Core and Specialty Fluids for industries such as cosmetics, rubber and polymers, and coatings and constructions.
Brenntag recently announced that the pan-European agreement with Elkem Silicones covering the distribution of its range of silicones products has been extended for a further five years.
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ALTANA BYK digital work environment

ALTANA and BYK Employees Move into New Digital Work Environment

The new building houses workplaces for some 140 employees of ALTANA’s and its BYK division’s IT and digitalization departments.
The ALTANA Group recently announced that it has inaugurated an office building at its headquarters in Wesel, Germany, with a cutting-edge work environment.
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Palmer Holland Appointed Exclusive Distributor for Pinova Solutions

Palmer Holland is responsible for the promotion and inventory management of Pinova Solutions’ portfolio of polyterpene resins, terpene phenolic resins, hydrogenated resins, rosin esters and derivatives, tall oil fatty acids (TOFA), and distilled tall oil (DTO).
Effective immediately, Pinova Solutions (a subsidiary of DRT) has appointed Palmer Holland exclusive distributor in the U.S. and Canada.
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Scheugenpflug managing board

Atlas Copco to Acquire Scheugenpflug

Scheugenpflug will operate as an independent company within Atlas Copco’s Industrial Assembly Solutions (IAS) division.
Scheugenpflug AG recently announced that it has signed an agreement to be acquired by Sweden-based Atlas Copco Group.
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Covestro Sales Decline in 2019 Third Quarter Despite Volume Growth

Covestro’s Coatings, Adhesives, Specialties segment reported a drop in core volumes by 4% as a result of weaker demand for coating raw materials from all key industries.
In the third quarter of 2019, Covestro reports that it achieved core volume growth of 5.3% over the prior-year period in a continuing challenging economic environment.
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Market-Trends

Remodeler Confidence Holds Steady in 2019 Third Quarter

The future market indicators gained two points from the previous quarter to 57.
The National Association of Home Builders’ (NAHB) Remodeling Market Index (RMI) posted a reading of 55 in the third quarter of 2019, remaining stable from the previous quarter.
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PPG Air Force ecoat primer

U.S. Air Force Qualifies PPG Aerospace Electrocoat Primer

The Air Force initially will coat test parts on a PPG e-coat system that it installed at its Advanced Technology and Training Center in Georgia.
PPG recently announced that the U.S. Air Force has qualified PPG Aerocron™ aerospace electrocoat (e-coat) primer to provide corrosion resistance and enhanced topcoat adhesion for aircraft parts.
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Daelim Industrial to Acquire Kraton’s Cariflex Business Unit

The transaction is expected to close in the first quarter of 2020, subject to customary regulatory approvals and other closing conditions as set forth in the purchase and sale agreement.
Kraton Corp. recently announced that it has agreed to sell its Cariflex™ business unit to Daelim Industrial Co., Ltd. for a purchase price of $530 million.
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