Paint and coatings manufacturer Kansai Plascon Africa Limited has partnered with Astra management and staff to acquire a 63.25 percent interest in the issued share capital in Astra Industries Limited from the Finance Trust of Zimbabwe (Private) Limited.
Arizona Chemical has reached an agreement with IMCD Group B.V. to further expand the distribution partnership for Arizona’s refinery product lines to the African continent.
The demand for coatings is expected to present countless opportunities for suppliers of raw materials and finished products in the Sub-Saharan Africa (SSA) region. Increasing urbanization and the growth of the middle class are also set to promote market prospects.
