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Akzo Nobel expands aerospace coatings production in France

Akzo Nobel has reached a key milestone in its EUR 22 million expansion project at the Pamiers production site, boosting capacity, efficiency, and sustainability in aerospace coatings production.

2026

Akzo Nobel’s Russian subsidiaries placed under external administration

A presidential decree in Russia has placed Akzo Nobel’s subsidiaries in the country under temporary external administration. While the company assesses the implications, Russia accounts for less than 2 % of its global revenue.

2026

Covestro announces new MDI capacity in China and feasibility study in UAE

Covestro plans to expand its MDI production with a new facility in Shanghai, China, and is exploring a second large-scale plant in the UAE. The projects aim to meet growing global demand for MDI while focusing on energy efficiency and reduced emissions.

2026

BASF Coatings becomes Surventis: A strategic shift in the coatings industry

With the spin-off and renaming of BASF Coatings to Surventis, BASF adopts a new corporate structure. The company retains a minority stake of 40 %, ensuring continued influence on value development.

2026

Evonik closes polyester business and cuts jobs

The chemical group Evonik is shutting down its global polyester business by 2027 and cutting 3,200 jobs worldwide. The company’s restructuring not only has internal implications but also affects the raw material supply of the paints and coatings industry.

2026

PPG announces Q1 2026 results with 7% sales growth

PPG has reported its financial results for the first quarter of 2026, showing a 7 % year-over-year increase in net sales, driven by higher selling prices and favourable currency impacts. The coatings giant remains optimistic about aerospace, packaging, and architectural coatings growth, despite inflationary pressures.

2026

Raw material markets under pressure

The situation on the raw material markets remains tense for the coatings and printing inks industry. Rising prices, volatile markets and persistent disruptions along the supply chains have shaped the picture for weeks. Since mid-March 2026 in particular, there has been mounting evidence that the geopolitical tensions in the Middle East are increasingly being reflected in price demands, product availability and the overall procurement environment.

2026

Akzo Nobel announces sale of its Pakistan business to Packages Group

Akzo Nobel has reached an agreement to divest its Pakistan operations to Packages Group, marking a strategic move to streamline its global portfolio. The deal aligns with the company’s focus on core markets and sustainable growth.

2026

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