Market News

MENA Corrosion Protective Coatings & Acid Proof Lining Market: Recent Developments

On January 1, 2020, Al Gurg Paints signed an exclusive distribution agreement with Al Gurg Paints for their Viero brand in order to increase its presence in the UAE market. The agreement was signed by Stefano Deri, Export Director Cromology and Easa F. Al Gurg, Chief Executive Officer, Easa Saleh Al Gurg Commercial & Industrial Group.
On November 27, 2020, DicoTech received the appreciation letter for the successful completion of ORYX GTL Shutdown– 2020 on Fireproofing Scope
On Septemeber 08, 2021, Ashland Global Holdings, Inc. has established a renewable annual trust for ongoing and future environmental remediation and related litigation. The initiative follows Ashland’s announcement in February to align its operations with the ambitious aim of the Paris Climate Accord to limit global temperature rise to 1.5°C above preindustrial levels. At that time, Ashland also became a signatory to the United Nations Global Compact and is making the UN principles part of the company’s business strategy, culture and day-to-day operations.
On September 03, 2021 Ashland Global Holdings, Inc. Announced that it has entered into an uncollared accelerated share repurchase (ASR) agreement with JPMorgan Chase Bank, National Association, to repurchase an aggregate of $450 million of Ashland common stock, with an initial delivery of approximately 3.9 million shares. The program is subject to the $1 billion share repurchase program authorized by Ashland Board of Directors on March 15, 2018, from which $800 million is outstanding.

Mena Corrosion Protective Coatings And Acid Proof Lining Market Report Snapshots