London +4420 814 42225
Moscow +7495 543 9194
Kiev +38044 599 2950
info@mrcplast.com

Our Clients

Order Informer

 
Home > News >
 

PPG acquires coatings firm ICR

January 09/2020

MOSCOW (MRC) -- US coatings and materials company PPG has reached a definitive agreement to acquire Industria Chimica Reggiana (ICR), an Italian manufacturer of paints and coatings for the automotive refinish and light industrial coatings industries, said Businessinsider.

PPGs acquisition of ICR will complement our current product offering for the automotive refinish and light industrial coatings industries and add specialised, value-added products that address the needs of distributors and body shops, said Gary Danowski, PPG vice president, global automotive refinish.

The deal is expected to close in the first quarter 2020. Financial terms were not disclosed.

As MRC informed earlier, Russia's output of chemical products dropped by 3.2% in November 2019 month on month.
However, production of basic chemicals increased by 3.6% in the first eleven months of 2019, according to Rosstat's data. According to the Federal State Statistics Service of the Russian Federation, the largest increase in production volumes on an annualized basis accounted for mineral fertilizers and polymers in primary form. Last month, 255,000 tonnes of ethylene were produced versus 210,000 tonnes in October; by November, Russian producers had completed all their scheduled works. Thus, 2,721,000 tonnes of this olefin were produced in January-November 2019, up by 0.3% year on year.

ICR manufactures automotive refinish products, including putties, primers, basecoats and clear coats. It also makes a range of coatings, enamels and primers for light commercial vehicles and other light industrial coatings applications. ICR employs about 180 people and sells its products in more than 70 countries in Europe, Africa, the Middle East, the US and Latin America.


mrcplast.com
Author:Anna Larionova
Tags:pigmentniy krasitel, construction, paints and coatings.
Category:General News
|
| More

Leave a comment

MRC help

 


 All News   News subscribe