AkzoNobel to supply automotive refinishes for Mercedes-Benz

AkzoNobel NV said that it has become the recommended supplier of automotive refinishes for Mercedes-Benz China. The agreement – which follows extensive analysis and tests on AkzoNobel’s products and business processes – means the company has become a certified supplier of vehicle refinishes to more than 50 auto companies in China over the last 20 years. It’s not the first time AkzoNobel has supplied products and services to Mercedes-Benz. Back in 2014, the company entered into a framework agreement with Daimler AG for automotive refinishes. Read more


Bharat Petroleum Corp Ltd (BPCL) will shut its 120,000 barrels per day (bpd) joint venture Bina refinery from mid-September for 45 days to expand its capacity by 30 percent, its head of refineries said. During the shutdown, the company will carry out modifications at various units to raise the capacity of the plant to 156,000 bpd, R Ramachandran, managing director of BORL told Reuters.  “The refinery will be stable and start operating at (an annual rate of) 7.8 million tonnes (156,000 bpd) before the end of this calendar year,” Ramachandran said. Read more


ExxonMobil Corporation and Sabic have created a new joint venture to advance the development of the Gulf Coast Growth Ventures project. The project is a 1.8 million tonne ethane cracker currently planned for construction in San Patricio County, Texas. The facility will also include a monoethylene glycol unit and two polyethylene units. Sabic is the operating partner for two long-standing joint ventures with ExxonMobil in the Kingdom of Saudi Arabia, Kemya in Jubail and Yanpet in Yanbu. Creation of the new joint venture represents a key milestone that allows the two companies to continue advancing the project, which is expected to create 600 new, permanent jobs. Read more


Honeywell (HON) has named Greg Lewis as vice president, corporate finance, effective immediately, in a transition role that will lead him to become senior vice president and chief financial officer on August 3. Lewis (50), will succeed Tom Szlosek, who has decided to retire for personal reasons. Szlosek will work closely with Lewis to ensure a seamless transition and provide consulting services to the Company for five months after his retirement. When he becomes CFO, Lewis will also become an officer of the company. Lewis is currently serving as vice president, enterprise information management (EIM), since October 2016. Read more