By: David Hood, Induron CEO
I am an outdoorsman. I fish, hunt, hike and love the land. When the Cuyahoga river caught fire in Cleveland and the air in Birmingham was yellow, something had to be done. The EPA was established and Congress, abdicating its responsibilities, gave it the authority to make law. The new laws were called regulations. Without comment on the value of these regulations, when a company is required to reformulate a product with sales in the thousands of gallons, it costs more that the same effort spread over tens of thousands of gallons. Larger companies clearly had an advantage with these regulations. The first 90% of “clean up” of the water and air was relatively easy to do. The EPA is still writing regulations trying to eliminate the next 10% of “pollution” without any regard for a cost/benefit analysis. A further advantage to larger companies. Continue reading Consolidation in the Coatings Industry: Where Does This Leave Induron? (Part 2)