As part of its broader investment plan to drive innovation and growth in its specialty product lines, Hexion Inc. (Columbus, Ohio) intends to expand its Portland, Oregon, manufacturing site. The company is beginning the permitting stages of a second automated…
Siemens AG (Munich, Germany) has successfully closed the sale of Flender GmbH to The Carlyle Group for €2.025 billion (enterprise value). In October 2020, Siemens announced its plans to sell the specialized supplier of mechanical and electrical drive systems to…
BASF SE (Ludwigshafen, Germany) has recently signed two distinct partnerships agreements to expand its global leading position in the bio-based surfactants and actives market. A strategic alliance with Japan-based Allied Carbon Solutions Co.,Ltd (ACS) includes an equity stake and makes…
Praj Industries Ltd. (Pune, India) has been awarded a breakthrough project order from Hindustan Petroleum Corporation Limited (HPCL) for setting up a Compressed Biogas (CBG) project at Badaun in Uttar Pradesh, India. Praj is offering its first-of-its-kind RenGas technology developed…
BASF SE (Ludwigshafen, Germany) started up its new acrylic dispersions production line in Pasir Gudang, Malaysia, doubling its capacity. The state-of-the-art facility will produce acrylic dispersions serving the coatings, construction, adhesives, and packaging industries in Asia Pacific. The new production…
Solvay S.A. (Brussels, Belgium) has built a new Electronic-Grade production facility for high-purity H2O2 at its Bernburg site in Germany. "Developments in society and technology in recent years have reinforced our belief that demand for our product can only grow."…
BDA Partners announced that its client, Hexion Inc. (Columbus, Ohio), has sold its China phenolic resins plant to Red Avenue New Materials Group Co Ltd, a publicly listed Chinese company providing diversified new materials for electronics, environmental protection, tire, and auto…
SUEZ (Paris, France) has signed a contract for a large wastewater treatment project and has been awarded an associated 10-year service agreement with Irkutsk Polymer Plant of Irkutsk Oil Company, one of the largest independent oil and gas producers located…
DuPont (Wilmington, Del.) announced that it has entered into a definitive agreement with Advent International, one of the world’s largest private equity firms, to acquire Laird Performance Materials for $2.3 billion, which will be paid from existing cash balances. The…
Neo Performance Materials (Toronto, Ontario, Canada) and Energy Fuels Inc. (Lakewood, Colo.) announced a new rare-earth production initiative spanning European and North American critical material supply chains. The initiative will produce value-added rare earth products from natural monazite sands, a…