Axiall Corp. (Atlanta, Ga.; www.axiall.com) has signed an agreement to sell certain assets of its compound additives business, known as Solucor, and its manufacturing facility located in Bradford, Ontario, to Galata Chemicals (Southbury, Conn.; www.galatachemicals.com). The transaction is expected to…
Team, Inc. (Houston; www.teaminc.com) and Furmanite Corp. (Houston; www.furmanite.com) announced that stockholders of each company overwhelmingly approved their respective merger proposals related to the proposed combination of Furmanite and Team.. More than 96% of the shares voting at the Furmanite…
Technip (Paris, France; www.technip.com) has entered into a contract to supply its proprietary ethylene technology, process design package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals, for a grassroots gas cracker with…
Effective May 1, 2016, Werner Baumann will become the new Chairman of the Board of Management of Bayer AG (Leverkusen, Germany; www.bayer.com). The current CEO of Bayer AG, Marijn Dekkers, proposed to the Supervisory Board that his contract be dissolved…
Panasonic Corp. (Osaka, Japan; www.panasonic.com) announced that it will start mass production of polybutylene terephthalate (PBT) molding compounds for laser welding in March 2016, a move that will contribute to the enhancement of longterm reliability and the flexibility of design…
GFBiochemicals Ltd. (Milan, Italy; www.gfbiochemicals.com) acquires assets and intellectual properties of Segetis, the main producer of levulinic acid derivatives in the U.S. The acquisition allows GFBiochemicals to become a producer of a wide range of bio-based products using levulinic acid.…
Perstorp Holding AB (Malmö, Sweden; www.perstorp.com) announced the signing of an MoU with MIDC (Maharashtra Industrial Development Corp.), wherein the company initiates the process of evaluating the opportunity to invest in a new world-scale production plant for pentaerythritol (Penta) in…
Fluor Corp. (Irving, Tex.; www.fluor.com) announced that BASF SE (Ludwigshafen, Germany; www.basf.com) awarded Fluor an engineering, procurement and construction management (EPCM) contract for the revamp of an alcohol and plasticizers facility in Pasadena, Tex. Fluor booked the undisclosed contract value…
Yokogawa Electric Corp. (Tokyo, Japan; www.yokogawa.com) announced that it has reached an agreement with KBC Advanced Technologies plc, a consulting and software provider to the oil-and-gas and downstream industries, on the terms of Yokogawa’s firm intention to make an offer…
Clariant (Muttenz, Switzerland; www.clariant.com) announced plans to invest more than CHF 7.5 million in specialized equipment and facilities to expand the capabilities and capacities for the production of color and additive masterbatches for use in engineering resins and high-temperature plastics…