Feature article on International Paint and China's open door policy

• Book ID: 104406501
• Publisher: Elsevier Science
• Year: 2010
• Weight: 58 KB
• Volume: 2010
• Category: Article
• ISSN: 1364-5439
• DOI: 10.1016/s1364-5439(09)70277-1

✦ Synopsis

technologies after signing an agreement with The Dow Chemical Co to acquire its powder coatings activities. Financial details were not disclosed. The deal will bring key technological know-how and significant synergy potential to AkzoNobel's Powder Coatings business, as well as enhancing the company's position in the US. Dow purchased the powder coating activities earlier this year as part of its acquisition of Rohm & Haas. This business achieves global sales of several hundred M dollars and employs around 700 people. Powder coatings offer an attractive alternative to liquid coatings due to the fact that they are inherently sustainable because they contain no solvents and have application efficiency levels as high as 99%. The transaction is expected to close during 2Q 2010, subject to customary closing conditions, including regulatory approvals. Consultations with employee representatives will be held as and when appropriate.