Industrial News

Huntsman's 2024 Financial Report Financial statements Huntsman Huntsman Corporation announces layoffs and reports Q4 2024 financial results, highlighting challenges in core markets like construction and automotive. The company also raises prices in response to cost pressures.
Waste Plastic Recycling Factory Completed This Year! SK Chemicals Begins to Establish Recycling Solutions Center Capacity SK Chemical SK Chemicals is building Korea's first Plastic Recycling Solutions Center in Ulsan, set to open in 2026. The facility will integrate advanced recycling technologies, including depolymerization and pyrolysis, to process low-quality waste plastics efficiently.
Axalta 2024 Financial Report Financial statements Axalta Axalta's 2024 sales in China reached 4.1 billion RMB, driven by strong demand in the automotive and new energy vehicle markets. The company experienced significant growth, marking a historical high for the region.
Nippon Paint 2024 Financial Report Financial statements Nippon Nippon Paint China achieved a 13% revenue growth in 2024, reaching 545.2 billion yen. Strong sales in automotive, industrial, and architectural coatings drove growth, despite challenges in the real estate sector. The company aims for further expansion in 2025.
Jotun's 2024 Financial Report Financial statements Jotun Jotun's revenue grew by 7.4% to $3.2 billion in 2024, with strong sales momentum across all segments. The company expects continued growth in 2025 despite economic uncertainties, focusing on profitability and cost control amid competitive market conditions.
BASF Expands MDI Production with a Total Investment of 450 Million Yuan! Capacity BASF Shanghai BASF Polyurethane Co., Ltd. (SBPC) expands MDI production with a total investment of 450 million yuan. The project boosts production capacity and enhances efficiency to meet growing market demand.
Behr's 2024 Financial Report Financial statements Masco Behr Masco's Behr paint business generated $2.505 billion in 2024, with PRO paint sales growing and DIY sales declining. Despite a 5% segment revenue drop, operating margins improved. Masco expects steady 2025 growth, focusing on efficiency, acquisitions, and capital returns.
Huntsman Raises MDI and Polyurethane Product Prices Huntsman Corporation Market Trend Methylene diphenyl diisocyanate Huntsman Corporation announces a price increase of 125 euros per ton for MDI and polyurethane products in Europe, Africa, the Middle East, and India, effective February 1, 2025, due to rising raw material, energy, and logistics costs.
Axalta's 2024 Financial Results Financial statements Axalta Axalta reports record 2024 sales of $5.3 billion, with a 45% increase in net profit. Strong performance in automotive and light vehicle coatings led to impressive growth, alongside robust transformation initiatives and favorable pricing.
Kansai Paint's Q3 Financial Results Financial statements Kansai Paint Kansai Paint's Q3 2025 report reveals a 5.3% sales increase to ¥444.75 billion but a 39% drop in net profit. The company revises full-year guidance, citing economic challenges in key markets like India, Europe, and Asia.