PPG, Chinese Subsidiary, U.S. Government Resolve Export Control Matter

PPG Industries (NYSE:PPG) today announced that it and its wholly-owned subsidiary, PPG Paints Trading Shanghai (China) (SPT), have reached a settlement with the U.S. Department of Justice (DOJ) and the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) related to violations of U.S. export control laws in connection with certain paint shipments in 2006 for use by the Pakistan Atomic Energy Commission in the construction of a nuclear power plant.

Tuesday 21. December 2010

Trelleborg Acquires Lutz Sales Inc. – Strengthens Its Presence on the North American Market for Precision Seals

Trelleborg (STO:TRELB), through its business area Trelleborg Sealing Solutions, has signed an agreement to acquire the US company Lutz Sales Inc., a privately owned distributor. Lutz has yearly sales of approximately SEK 100 M and approximately 50 employees.

Tuesday 21. December 2010

Boise Inc. announces senior management changes

Boise Inc. (NYSE: BZ) announced today that Robert M. McNutt will resign his position as senior vice president and chief financial officer effective December 31, 2010, to pursue another employment opportunity. The company has named Samuel K. Cotterell as senior vice president and chief financial officer, effective January 1, 2011.

Tuesday 21. December 2010

JORDAN PRESS FOUNDATION AMMAN ORDERS Q.I. PRESS CONTROLS CLOSED LOOP FAN-OUT CONTROL.

End 2011 Jordan Press’ biggest circulation national Arabian newspaper ‘Al Rai’ will start a fully Q.I. Press Controls equipped hybrid KBA Commander pressline in Amman. Q.I. Press Controls proudly confirms that due to Jordan Press Foundation’s high quality demands for newspapers and semi-commercials printing, Q.I. Press Controls’ intelligent solutions are favoured for the new pressline.

Tuesday 21. December 2010

2.7-3.5 Million Tonnes of Coated Paper Capacity to Close in Europe by 2015

Current overcapacity in European coated papers market at 1.2 million tonnes Western European demand for coated papers has matured and the post recession rebound in demand is over. According to RISI’s new European Coated Papers Risk of Closure Study, overcapacity of both coated woodfree and coated mechanical papers has reached 1.2 million tonnes, lowering prices and affecting producer profitability in Europe.

Tuesday 21. December 2010

Huntsman to Redeem $100 Million of Bonds Prior to Maturity

Huntsman Corporation (NYSE: HUN) today announced that it gave notice to redeem $100 million of its 7 3/8% senior subordinated notes due 2015 pursuant to the terms of the indenture. The redemption is expected to be completed in January 2011.

Tuesday 21. December 2010

GUM ROSIN SHORTAGES HIT HEXION SPECIALITY CHEMICALS – ANNOUNCEMENT FORCE MAJEURE IN EUROPE FOR PHENOLIC RESINS – NO IMMEDIATE EFFECT ON FLINT GROUP PRINT MEDIA INK DELIVERY IN EUROPE.

Over the last few weeks a number of ink manufacturers have had inbound supply issues related to Phenolic Resins. Whilst the rest of the market has been impacted by the supply shortages from Hexion, Flint Group, through its own sourcing capability in China as well as working effectively with its partners, has successfully resolved the immediate supply difficulties.

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