BASF is expanding its automotive coatings production in North America with an investment of nearly $40 million over the next two years. The investments will add capacity to the company’s production plants in Greenville, Ohio, and Tultitlan, Mexico.
“These investments reflect our continued market growth and underscore BASF’s commitment to developing a sustainable production platform that provides customized coatings solutions,” said Chris Toomey, BASF Senior Vice President, Coatings Solutions North America.
A statement from the company says increased waterborne basecoat capacity in Tultitlan and electrocoat emulsion capacity in Greenville will enable BASF to continue to drive innovation through production of state-of-the-art automotive coatings.
In 2016, BASF acquired Chemetall, a supplier of applied surface treatments for metal, plastic and glass substrates in a wide range of industries and end markets. A statement from BASF says that with this expansion in portfolio, the company becomes a more complete solution provider for coatings.
Source: Collision Repair
Neste Corporation’s Board of Directors has appointed Heikki Malinen, M.Sc. (Econ.), MBA (Harvard) as the President and CEO of Neste as of 2 November 2024, at the latest. Malinen joins Neste from Outokumpu Corporation where he has held the position of President and CEO since 2020.
Petrochemicals company Sasol has announced that CFO and executive director Hanré Rossouw will step down from his position, effective October 31. Sasol has started the process to appoint a successor. Rossouw will still oversee the publication of Sasol’s reports for the financial year ending June 30, to allow for a structured handover period.
Chemours announced its CFO Jonathan Lock has resigned from all positions within the company, according to an SEC 8-K filing on April 23. The resignation comes in the aftermath of the company announcing that Lock, former CEO Mark Newman, and principal accounting officer Camela Wisel, had been placed on administrative leave.
