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20.06.2017

Dow and DuPont Receive Antitrust Clearance from U.S. Department of Justice for Proposed Merger of Equals

DuPont and The Dow Chemical Company announced that they have reached a proposed agreement with the Antitrust Division of the United States Department of Justice (DOJ) that will permit the companies to proceed with their proposed merger of equals. In connection with the proposed agreement and consistent...
20.06.2017

Azelis Establishes a Leading Position in the Nordic Food Distribution Market with the Acquisition of LCH A/S

Azelis has agreed to acquire a leading Danish distributor of food ingredients and own blends, LCH A/S. Mainly dedicated to serving customers in Denmark, all 16 employees of LCH and its Turkish subsidiary Inno Gida will join Azelis.  LCH has a leading position in selling functional ingredients and...
20.06.2017
20.06.2017

Celanese And Blackstone To Form Joint Venture In Acetate Tow

Celanese Corporation, a global technology and specialty materials company, and funds managed by Blackstone, one of the world’s leading investment firms, announced a definitive agreement to form a JV that will create a global acetate tow supplier. Celanese and Blackstone will own 70 percent and...
20.06.2017

Stepan Announces Agreement to Acquire a Surfactant Production Facility and a Portion of its Associated Surfactant Business in Mexico

Stepan Company, through a subsidiary in Mexico, today reported that it has reached an agreement with BASF Mexicana, S.A. DE C.V. to acquire its surfactant production facility in Ecatepec, Mexico, and a portion of its associated surfactants business. The facility is located close to Mexico City and has...
20.06.2017

Total Explores New Routes for Post-Consumer Recycled Polystyrene in the Circular Economy World

Total has just completed an industrial scale test run, following a series of pilot plant trials, demonstrating the feasibility of sustainable incorporation of about 20% of post-consumer recycled polystyrene within virgin polystyrene. The trial, which was carried out on an existing production asset, successfully...
16.06.2017

NOVA Chemicals Introduces Recyclable Oxygen Barrier Film Structure Design

NOVA Chemicals Corporation (“NOVA Chemicals”), a leading supplier of polyethylene in the Americas, has developed an easily recyclable, oxygen-barrier film structure design. With this structure, food companies no longer need to make the choice between high-performance barrier packaging and...
16.06.2017

Starpharma Sells Agrochemicals Business to Agrium

Starpharma Holdings Ltd (ASX: SPL, OTCQX: SPHRY) today announced that it has completed a transaction to sell its agrochemicals and Priostar® business (Starpharma Agrochemicals) to Agrium, Inc., (Agrium) for $35 million in cash consideration. The Starpharma Agrochemical business willl be operated...
16.06.2017

Wacker Officially Opens US-based R&D Center for Silicones in Ann Arbor, MI

Wacker, the Munich-based chemical group, officially opened its Silicones R&D Center located in Ann Arbor, MI, today. In close proximity to WACKER’s Adrian, MI, facility, the new Silicones R&D Center is dedicated to support WACKER’s overall business and product development in North...
16.06.2017

Indian Finance Ministry Imposed Dumping Duty on Hydrogen Peroxide Imports from 6 Countries

The Finance Ministry has imposed definitive anti-dumping duty on Hydrogen Peroxide (other than food grade and electronic grade having concentration of 90 per cent and above) imports from six countries.  The six countries are Bangladesh, Taiwan, South Korea, Indonesia, Pakistan and Thailand.  The...
16.06.2017

INEOS Plans Massive European Expansion Programme

INEOS has announced plans to construct a world-scale PDH (Propane Dehydrogenation) unit in Europe. The plant will produce 750,000 tonnes per annum of propylene for INEOS units across the continent. A number of possible locations are currently being considered including a number of INEOS sites at Antwerp...
16.06.2017

Arkema Celebrates the 70th Birthday of Its Flagship Rilsan® Polyamide 11 Brand

“A proven legacy. An exciting future.” is the theme for Arkema’s celebration of the 70th anniversary of the invention of its flagship Rilsan® polyamide 11 series of high performance polymers.  The 70th birthday celebration will be marked by a series of customer events across...
13.06.2017

PKN ORLEN Opens to a New Model of Urban Mobility

In an effort to continuously develop and improve the offering of its service stations, PKN ORLEN has got involved in car-sharing services by becoming the strategic fuel partner for Traficar. As part of this cooperation, in the cities where the service is available, you will be able to leave or rent a...
13.06.2017

BASF Plans to Build New Automotive Application Center for Asia Pacific

BASF announces its investment to build its first regional Automotive Application Center in Asia Pacific, to be located at the BASF Innovation Campus Asia Pacific (Shanghai), China. Start of operations is planned for the end of 2018, pending relevant approvals by authorities. As an integrated part of...
13.06.2017

Axel Plastics Research Laboratories, Inc. Expanding R&D and Manufacturing Facilities at New Global Headquarters

Axel Plastics Research Laboratories, Inc. (Axel), a leading manufacturer of proprietary external and internal mold releases and process aid additives, has announced the grand opening of its new headquarters in Monroe, Connecticut. The 42,000 sq ft (4,000 sqm) facility will expand manufacturing,...
13.06.2017

Japanese Marubeni opens Representative Office in Portugal

Marubeni Corporation opened a representative office in Portugal on 5th April 2017.  Marubeni is a Japanese multinational with over €90bn business volume and almost 40,000 workers.  Since 2013, Marubeni has made several investments in Portugal, followed by AICEP, in the power, water utility...
13.06.2017

Sojitz Enters Food Service Distribution Business in Thailand

Sojitz Corporation has acquired 43% equity interest in FB Foodservice (2017) Ltd., a food service distribution company. FBF is a subsidiary of The Peace Canning (1958) Co. Ltd., one of Thailand’s leading food processing companies. This marks Sojitz’s first foray into Thailand’s food...
13.06.2017

Sumitomo Chemical and BASF Sign Global Collaboration Agreement to Develop New Fungicide

Sumitomo Chemical and BASF, two of the world’s leading chemical companies, announced today their entry into a collaboration agreement for the development of a new fungicide. The agreement brings together Sumitomo Chemical’s and BASF’s innovation skills to deliver a novel fungicidal...
09.06.2017

Celanese Announces Construction Update to Polyacetal Facility of Ibn Sina Joint Venture

Celanese Corporation, a global technology and specialty materials company, announced an update with respect to the Ibn Sina joint venture and its construction of a 50,000 metric tonne polyacetal manufacturing facility in Jubail Industrial City, Saudi Arabia. Celanese has confirmed that the facility...
09.06.2017

BASF to Sell Electrolytes Manufacturing Site in Suzhou to Shenzhen Capchem

BASF has signed an agreement to sell its electrolytes manufacturing site in Suzhou, China, to Shenzhen Capchem Technology Co., Ltd. (Capchem), one of the leading suppliers in the global electronic-chemicals and functional materials industry. The transaction is expected to close in the next 60 to 90 days,...
09.06.2017

Solvay Completes Sale of Formulated Resins Business to Altana AG

Solvay has completed the sale of its Formulated Resins business to Altana AG’s Elantas PDG Inc.  The divested Formulated Resins business line, formerly part of Solvay's Technology Solutions Global Business Unit, includes the product portfolio, manufacturing and R&D facility in Olean,...
09.06.2017

Ashland Completes Acquisition of Composites Manufacturing Facility in France from Reichhold

Ashland Global Holdings Inc. announced that it has completed the previously announced acquisition of a composites resin manufacturing facility in Etain, France, and its associated business, from Reichhold Holdings International B.V.  The facility, which employs approximately 50 people, manufactures...
09.06.2017

Bayer Places 8.5 percent of Covestro’s Shares and EUR 1 Billion Bonds Exchangeable into Covestro Shares

Bayer AG has reduced its direct holding in Covestro from 53.3 percent to 44.8 percent. This was achieved by selling 17.25 million of Covestro shares at a price of EUR 62.25 per share via an accelerated bookbuilding procedure. The planned deposit in Bayer Pension Trust e. V. will reduce Bayer AG’s...
09.06.2017

Gurit Renews Distribution Agreement for Maricell PVC

Gurit, a worldwide leading developer and manufacturer of advanced composite materials, components and technologies, announced that it has renewed its distribution agreement with Maricell S.r.l., an Italian producer of closed-cell PVC structural foam. Under the terms of the agreement, Gurit will continue...
05.06.2017

Evonik Increases Prices for Epoxy Curing Agents

Evonik Resource Efficiency GmbH announces a price increase for the Epoxy Curing Agents business. The increase will be effective from July 1, 2017. All existing contracts will be honored. Prices will be increased as follows: - Polyamides up to 3%  - Other Curing Agents and Additives up to 5%  The...
05.06.2017

Cargill Strengthens Its Bio-Industrial Offerings with Acquisition of BioBased Technologies' Polyols Product Lines

Cargill has bolstered its biobased polyol product offerings by purchasing Rogers, Arkansas-based BioBased Technologies’® vegetable-based polyol product line, Agrol,® and other assets. Cargill’s Industrial Specialties business and BioBased Technologies are leaders in the development...
05.06.2017

BASF to Increase Prices for Butanediol and Derivatives in Europe

With immediate effect, or as existing contracts permit, BASF SE will increase its European selling prices for the following products: 1,4-Butanediol (BDO)                                          ...
05.06.2017

Tire Production at Malaysia Plant Surpasses 10 Million Units

Toyo Tire & Rubber Co., Ltd. announces that tire production volume at Toyo Tyre Malaysia Sdn Bhd (hereinafter referred to as “TTM”), an automobile tire manufacturing subsidiary in Malaysia, has exceeded a total of 10 million units. TTM was established in Malaysia’s Perak State...
05.06.2017

Hexcel Entered Exclusive Negotiations to Acquire French Composites Company Structil

Hexcel Corporation announced today that it has entered into exclusive negotiations to acquire all of the shares of Structil SA (Structil), a French producer and supplier of high-performance composites to the aerospace, defense and industrial markets. The proposed transaction is subject to review by...
05.06.2017

Solvay Completes the Sale of Acetow

Solvay has completed the divestment of its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone. The transaction is based on an enterprise value of around € 1 billion, resulting in net financial debt reduction of some € 0.7 billion. Acetow is a leading global...
05.06.2017

Lubrizol Names New Distributors for Engineered Polymers

The Lubrizol Corporation announces new partnerships with distributors, Al-Shihab Al Thahabi and Al Azzaz, based in UAE and Saudi Arabia, respectively. Al-Shihab Al Thahabi will distribute the Lubrizol Engineered Polymers portfolio for solvent-based adhesives and elastomer applications in the following...
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