Nippon Paper Industries Co., Ltd. (President; Yoshio Haga) announces that on August 1 it will launch a new product, “NEW Heat-Resistant One Wrap,” a wrapping film for household use featuring a five-layered structure, heat resistance, and further improved adhesiveness.
The Valspar Corporation (NYSE:VAL), a leading global manufacturer of paints and coatings, announced today that it has completed the previously announced acquisition of Inver Holding S.r.l. (Inver Group), a leading industrial coatings manufacturer in Europe. Financial terms of the transaction were not disclosed. With 2012 sales of approximately 160 million ($200 million), Inver Group specializes in liquid and powder coatings and resin products that are used in a variety of industrial applications including off-road equipment, auto and off-road parts, architectural aluminum windows, railways and trams.
Metso’s Pulp, Paper and Power business will continue its global cost competitiveness program launched in April 2013 (stock exchange release April 24, 2013) to adapt to changes in the marketplace. As part of the global program – which targets an annual cost reduction of approximately EUR 100 million by 2016 – the business will begin statutory negotiations on personnel reductions in several of its units serving especially the paper industry, but also the pulp industry.
The board of directors of Eastman Chemical Company (NYSE:EMN) has declared a quarterly cash dividend of $0.30 per share on the company’s common stock.
Neenah Paper, Inc. (NYSE:NP) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.20 per share on the company’s common stock. The dividend will be payable on September 3, 2013 to stockholders of record as of close of business on August 16, 2013.
FLEXcon MedFLEX Product Line Meets All Performance Criteria of the Proposed Rule for the Unique Identification of FDA Class II and III Medical Devices
Investment of around 90 million to support growing demands for automotive coatings in Asia Pacific
