Elementis plc (London) has completed the sale of its pharmaceutical manufacturing business to Associated British Foods (ABF). Under the terms of the Transaction, the business was sold for an enterprise value of €34.3 million (equivalent to around $39.8 million), with…
Solvay S.A. (Brussels, Belgium) announced it has entered into a Letter of Intent (LOI) with Viridis Mining and Minerals to secure a strategic supply of rare earth materials by 2028, reinforcing the resilience and diversification of critical materials supply chains.…
Nissan Chemical Corp. (Tokyo) has decided to establish a new manufacturing facility for the company's new herbicide Ryzonic® (iptriazopyrid) at its consolidated subsidiary in India, Nissan Bharat Rasayan Pvt. Ltd. (NBR). NBR was established in 2020 as a joint venture…
Hexcel Corp. (Stamford, Conn.) announced the groundbreaking of the Hexcel Applications Center at Wichita State University’s National Institute for Aviation Research (NIAR). The new center marks a significant expansion of Hexcel’s long‑standing collaboration with NIAR and reflects a shared commitment…
International Flavors & Fragrances Inc. (IFF; New York City) announced that it has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners, a leading global private markets manager, in a transaction that…
Toray Industries, Inc. (Tokyo) has decided to divest its equity interest in Soda Aromatic Co., Ltd., by transferring its shares to Samyang Corp. Japan, Inc. Soda Aromatic, which manufactures and sells flavors, fragrances and related products, is currently held 66%…
Rio Tinto plc (London) has successfully started commissioning its US$1.5 billion AP60 smelter expansion at Complexe Arvida in Quebec, marking a major milestone for the deployment of its state-of-the-art, low-carbon aluminum smelting technology. The start-up, which began in March, is…
Saint-Gobain S.A. (Courbevoie, France) has completed the sale of HKO in Germany and its arm in France Deltec – its business manufacturing technical textile components for high-temperature insulation mainly for automotive and industrial applications – to a fund managed by…
Sandvik AB (Stockholm, Sweden) has signed an agreement to divest its business unit Additive Manufacturing to Mimir, a global investment firm based in Sweden. Additive Manufacturing, which is reported in business area Machining, manufactures metal powders used in areas such…
For over 120 years, Chemical Engineering magazine has highlighted state-of-the-art technologies and prioritized practical engineering expertise to help advance the chemical process industries (CPI). In holding with this storied tradition, the Chemical Engineering team is proud to announce the new…