Pressured Pricing: Material costs plateauing, says AkzoNobel CEO
Amsterdam, Netherlands — In an interview with CNBC, AkzoNobel CEO Thierry Vanlancker said that raw material prices are plateauing, not decreasing. “I think what we said back then is exactly what’s happening. We’ve reacted vividly in our pricing: 12.5 percent in the quarter, and 14 percent on the exit rate,” said Vanlancker. This forecast follows the […]
Blue Is So Yesterday: BASF releases Color Report 2021, reporting achromatic hue surge in North America
Ludwigshafen, Germany — BASF released its Color Report 2021 for Automotive OEM Coatings earlier this month, reporting that blue hues are falling from grace in North America. Once the most popular chromatic hue for automotive coatings in North America, the percentage of blue vehicles in the continental car parc decreased four percent in 2021. “That […]
Sticky Situation: Adhesive shortage potentially incoming as supply chain issues persist
Toronto, Ontario — A new industry supply chain issue may have reared its head, as some suppliers are warning their customers about an anticipated shortage of certain adhesives. According to reporting by GlassBYTEs.com, Pam Oliver, sales representative at Mygrant Glass Company recently notified users of BEATASEAL adhesive U428+ that stock is getting low. “Dow [now DuPont] […]
