- In October 2024, Colorcon (U.S.) and LOTTE Fine Chemical (South Korea) announced a strategic global partnership to enhance pharmaceutical and dietary supplement formulations. This multi-year agreement, effective November 1, 2024, designates Colorcon as the exclusive distributor of LOTTE’s AnyCoat-C and AnyCoat-P hypromellose polymers. These products are utilized in immediate, controlled, and enteric release drug formulations, offering benefits such as improved stability and targeted delivery. The collaboration aims to accelerate formulation development, leveraging Colorcon's global technical network and LOTTE's expertise in cellulose ether chemistry. This partnership is expected to strengthen both companies' positions in the competitive pharmaceutical market by providing optimized solutions to global customers
- In June 2024, Huhtamaki (Finland), in collaboration with 2M Group of Companies (U.K.), entered a multi-year agreement to integrate Xampla’s Morro Coating—a plastic-free, plant protein-based barrier coating—into their takeaway packaging solutions. This initiative aims to replace traditional plastic and PFAS-based coatings with a sustainable alternative, enhancing the environmental profile of foodservice packaging. The Morro Coating offers superior grease, water, and oxygen barrier properties, along with heat-seal capabilities, making it suitable for various food packaging applications. This collaboration underscores a significant step towards reducing plastic waste in the foodservice industry, aligning with global sustainability goals and consumer demand for eco-friendly packaging options
- In May 2024, Axalta Coating Systems (U.S.) launched its Alesta BioCore range of biobased powder coatings, derived from non-food organic waste. These coatings are designed to reduce CO₂ emissions by up to 25% compared to traditional fossil fuel-based resins. The BioCore line includes three categories—SD BioCore for architectural applications, AP BioCore for outdoor substrates, and IP BioCore for industrial uses. This move aligns with Axalta's commitment to sustainability, offering environmentally friendly solutions without compromising on performance. It provides customers with durable, high-performance coatings while supporting eco-friendly practices
