The terrorist attacks and subsequent U.S.-led military response launched in October added to uncertainty about the health of the global economy, but growth forecasts had already been reduced following the Sept. 11 terrorist attacks in the United States.
The California Air Resources Board (CARB) approved a measure banning the use of hexavalent chromium and cadmium in coatings for motor vehicles and mobile equipment, effective Jan. 1, 2003.
Akzo Nobel N.V., the world's biggest coatings manufacturer, announced the establishment of a $1 million charitable fund to support families of victims of the Sept. 11 terrorist attacks.
Akzo Nobel was joined by a growing array of companies launching employee and corporate donation programs to assist those affected by the terrorist attacks.
Coatings consumption in key Latin America markets is forecast to grow at annual rates of more than 4% over the next several years, with revenues in Argentina, Brazil, Mexico, Chile, Venezuela, Colombia, and Peru potentially reaching a combined total of $4.65 billion by 2007.
BASF Corp. announced plans to close the company's Industrial Coatings Regional Business Unit's research laboratory in Columbus, OH, as part of a restructuring program.
The National Paint & Coatings Association announced the publication of a major industry market study, "U.S. Paint & Coatings Market Analysis (2000-2005)," described by the NPCA as "the definitive coatings-industry information resource."
Benjamin M. Belcher Jr., retired executive vice president of Benjamin Moore & Co. and the great-grandson of company founder Benjamin Moore, died Oct. 3, 2001, in Southwest Harbor, ME. He was 66.
Rohm and Haas Co. and OMNOVA Solutions Inc. announced plans to form a global joint-venture business to market latex binders, synthetic pigments and specialty additives for coatings applications in the paper and paperboard industry.
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