The Internal Revenue Service has agreed that mineral spirits used in the production of paint, coatings and adhesives are not subject to the 24.4¢/gal. excise tax on kerosene.
E. Kears Pollock, who retired April 1 as executive vice president of PPG Industries Inc., will complete his term as chairman of the National Paint & Coatings Association (NPCA).
DuPont announced plans to consolidate coatings manufacturing, R&D, marketing and administrative operations, primarily in Europe, as part of an ongoing integration program associated with the company’s 1999 acquisition of Herberts.