Thermo Fisher Scientific Inc. (Waltham, Mass.) announced it will build a state-of-the-art manufacturing facility in Mebane, N.C. The site is part of a recently announced co-investment with the U.S. government – a $192.5 million contract in coordination with the U.S.…
Cabot Corp. (Boston, Ma.) announced that it has entered a definitive agreement to acquire Tokai Carbon (Tianjin) Co., Ltd from Tokai Carbon Group for $9 million, subject to customary closing adjustments. The carbon black manufacturing facility was commissioned in 2006…
PJSC Tatneft (Almetyevsk, Republic of Tatarstan, Russia) has signed license and engineering agreement with Versalis S.p.A. (San Donato Milanese). The license obtained by Tatneft from Versalis pertains to technologies for the production of nitrile butadiene rubber (NBR) and carboxylate styrene…
Elkem (Oslo, Norway) announced the opening of a new energy recovery plant at the Elkem Salten site in the northern part of Norway. The installation positions Elkem Salten as one of the most energy effective silicon plants in the world,…
Lanxess AG (Cologne, Germany) announced that it has started up a new production line for the manufacture of water-based compounds in Nantong, China. The business belongs to the Urethane Systems (URE) business unit which is also producing polyurethane dispersions, an important…
ECI Group (Manchester, U.K.) has signed an Engineering Expertise Agreement with Shandong Yulong Petrochemical Co. Ltd., a subsidiary of China’s Nanshan Group, for a dual-stream plant capable of producing 200,000 metric tons per year (m.t./yr) of ethylene vinyl acetate (EVA)…
Solenis LLC (Wilmington, Del.) has merged with Sigura Water (Alpharetta, Ga.), an existing Platinum Equity portfolio company, for a total combined transaction value of approximately $6.5 billion. The combined company generates approximately $3.5 billion of revenue. Headquartered in Wilmington, Delaware,…
Sika AG (Baar, Switzerland) has signed a definitive agreement to acquire MBCC Group (Mannheim, Germany), the former BASF Construction Chemicals, from an affiliate of Lone Star Funds, a global private equity firm, for a consideration of CHF 5.5 billion (€5.2…
Johnson Matthey plc (JM; London) has been working to commercialize its range of high nickel cathode materials, principally for the automotive industry. Following a detailed review and ahead of reaching a number of critical investment milestones, JM concluded that the potential…
The Chemours Company (Wilmington, Del.) announced a new facility dedicated to the expansion of its hydrofluoroolefin (HFO) platform Opteon1150, chemically referred to as HFO-1336mzzE. Opteon 1150 is a non-ozone depleting, low global warming potential (GWP) product. The new plant, located…