“world class” performance in the areas
of product quality, technical service and
supply reliability. Ashland is among the
top seven winners this year.
“We’re proud to receive AkzoNobel’s
highest award for suppliers, as it drives
us to continue contributing toward
their growth and success,” said William
Zhao, sales director, Ashland Specialty
Ingredients China. “Our effective collaboration makes it possible to bring innovative products and solutions more rapidly
to the global market.”
Vencorex to Showcase New
JV Capabilities
Vencorex, a newly formed joint ven-
ture between PTT Global Chemical and
the Perstorp Group, will be displaying
its offerings at the upcoming European
Coatings Show. The company is the
owner of key technologies and a major
producer of aliphatic isocyanates (HDI,
IPDI, Tolonate and Easaqua) and aro-
matic isocyanate (Scuranate TDI) used in
polyurethane coatings, adhesives, elasto-
mers and inks.
PPG Commences Split-
Off Exchange Offer for
Commodity Chemicals
Business
PPG Industries has commenced its exchange offer related to the split-off
transaction of its commodity chemicals
business. The split-off transaction is
in connection with the separation and
merger of Eagle Spinco Inc., a wholly-owned subsidiary of PPG that will own
substantially all of the assets and liabilities of PPG’s commodity chemicals business, with a subsidiary of Georgia Gulf
Corporation. As previously announced,
PPG entered into definitive agreements as
of July 18, 2012, to separate and merge
its commodity chemicals business with
Georgia Gulf.
Key elements of the exchange offer:
PPG shareholders have the option to
exchange all, some or none of their shares
of PPG common stock for shares
of Eagle Spinco common stock,
subject to proration as described
below. Shares of Eagle Spinco
common stock will convert automatically
into the right to receive shares of Georgia
Gulf common stock at the closing of the
merger of a Georgia Gulf subsidiary with
and into Eagle Spinco, which is expected
to occur promptly after completion of the
exchange offer.
Tendering PPG shareholders are expected to receive approximately $1.11
of Georgia Gulf common stock for every
$1.00 of PPG common stock tendered,
subject to the upper limit described below.
PPG will determine the prices at which
shares of PPG common stock and shares
of Eagle Spinco common stock will be
exchanged by reference to the simple
arithmetic average of the daily volume-weighted average prices of PPG common
stock and Georgia Gulf common stock,
respectively, on the New York Stock
Exchange on each of the last three trading
September 16 - 18 | 2013
Transamerica Expo Center | São Paulo - Brazil
Organization
ABRAFATI – Brazilian Coatings Manufacturers Association
Av. Dr. Cardoso de Mello, 1340 – cj. 131 – 04548-004
São Paulo – Brazil
Phones: 55 11 4083-0502 - 55 11 4083-0505
marketing@abrafati.com.br
www.abrafati2013.com.br
An unique opportunity to be in touch
with over 500 coatings manufacturers
from Brazil and Latin America.
Contact ABRAFATI for Booth Sales
Call for Papers – deadline February 28, 2013
To register visit www.abrafati2013.com.br
www.coatingsworld.com
Coatings World | 43
