Industry News

21

HazCom 2012 in the United States technically changed nothing in the transportation regulations. The Hazardous Materials Regulation (HMR), as most recently amended by the U.S. Department of Transportation (DOT), transitioned “harmonized” U.S. standards with International Maritime Dangerous Goods (IMDG), International Air Transport Association (IATA) and similar international standards.However, when OSHA aligned with the UN GHS (United Nations Global Harmonized System) Version 3 hazard communication approach, a number of foundational practices changed, causing collateral impact in the transportation arena that is still being discovered. As a result, some are now experiencing the need to classify products as hazardous when using ingredients that were previously considered non-hazardous.

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21

Powder has taken some giant steps forward recently as it strives to be a legitimate contender in the chemical agent resistant coating (CARC) ring. While powder primers have been used for years in CARC systems, only recently has powder stepped up to challenge liquid paints in the more demanding role of CARC top coats.

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21
n deciding not to start raising short-term interest rates, the Federal Open Market Committee (FOMC) said, “Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term.” As such, the Federal Reserve has chosen to see how the next few months transpire before opting to begin the process of normalizing rates, likely at the December 15–16 meeting, depending on the strength of incoming data between now and then. 

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10
Axalta Coating Systems, a  global supplier of liquid and powder coatings, announced today that its new Global Innovation Center will be located at The Navy Yard in Philadelphia. The 175,000 square foot facility will be home to Axalta’s global research, product development, and technology initiatives and partner with the Company’s other technology centers in the Americas, Europe and Asia-Pacific.

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09
Production Plus Corp., makers of MagicRack®, has introduced its re-imagined and re-designed website at the familiar address of www.MagicRack.com.  View a range of industrial solutions offered by the MagicRack® Division and the Fabrication Division, and you can also purchase standard products online.  Heavy or light duty, repairs or custom design, the company provides the products and services needed for the finishing industry and beyond.  Visit www.MagicRack.com.

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31
fter tremendous stock market volatility earlier in the week, financial markets around the world began to stabilize somewhat by the end of last week. There are continuing economic challenges to watch out for, especially in China and the emerging markets, but equities have begun to recover from their steep losses for the most part (even as they remain more than 9 percent below the all-time high in May).

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27
CHICAGOAug. 26, 2015 /PRNewswire/ -- Corporate Finance Associates Chicago ("CFA"), a leading mergers and acquisitions advisor for privately-held, middle-market businesses is pleased to announce it was the exclusive advisor to Acme Finishing Company("Acme") in its acquisition by Acuity Capital Partners ("Acuity"), a Chicago area private investment firm. Terms of the transaction were not disclosed.

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24
The Dow Jones Industrial Average reached an all-time high at 18312.39 on May 19. Since peaking three months ago, the stock market has fallen nearly 10 percent, closing at 16549.75 on August 21, and is poised for more losses today. 

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20
Parker Ionics announces that David Underhill joined its team effective August 17, 2015. 

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17
Last week was mostly marked by events overseas, a trend that has become commonplace of late. In this case, it was the devaluation of the Chinese yuan that rocked financial markets around the world. Indeed, the yuan closed down 3.5 percent for the week on Friday.

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