Corbion (Amsterdam, the Netherlands) is launching a multi-faceted initiative to substantially increase its capacity for producing lactic acid and lactic-acid derivatives ahead of its previously announced major expansion in Thailand scheduled for 2023. The global initiative, involving capital expenditures at four existing Corbion facilities to maximize efficiencies and leverage synergies, is expected to produce a combined additional output roughly equivalent…
North American composites supplier Composites One (Schaumburg, Ill.) has completed its purchase of the Process Materials business from Solvay S.A.’s (Brussels, Belgium) Composites Materials Global Business. The acquisition is a unique opportunity for the company to add international manufacturing and…
Air Liquide S.A. (Paris, France) increased its presence in Kazakhstan through its 75% owned joint venture Air Liquide Munay Tech Gases (ALMTG). The joint venture will invest up to €86 million to acquire hydrogen and nitrogen production units from Atyrau…
Nouryon (Amsterdam, the Netherlands) signed an agreement to divest its Salt Specialties business, including brands such as JOZO, NEZO, Suprasel, Sanal, and KNZ to the Salins Group, an international salt company headquartered in France. The closing of this transaction is…
Hexpol AB (Malmö, Sweden) acquired 100% of VICOM 2002 S.L., a Spanish polymer compounder active in the wire and cable product sector. VICOM's turnover in 2020 amounted to around 30 million EUR. The company employs some 30 people in its…
Lukoil-Nizhegorodnefteorgsintez, a subsidiary of Lukoil (Moscow, Russia), will use a range of Honeywell UOP (Des Plaines, Ill.) process technologies at its Kstovo refinery to produce cleaner-burning high-octane fuels that comply with Euro-V and Class 5 standards in Russia. UOP will provide…
Chevron Phillips Chemical Co. LLC (The Woodlands, Tex.) announced that Bruce Chinn, currently president, Chevron Chemicals, will become chief executive officer. B.J. Hebert, currently executive vice president and chief operating officer, will become president and chief operating officer. Chinn and…
Covestro AG (Leverkusen, Germany) has signed an agreement related to the sale of its 51% share in the joint venture Pearl Covestro Polyurethane Systems FZCO, which operates systems house business in Dubai (United Arab Emirates), to the current co-shareholder Pearl…
Universal Display Corporation (UDC) and PPG (Pittsburgh, Pa.) announced that UDC Ireland Limited and PPG will jointly establish a new manufacturing site in Shannon, Ireland, for the production of UDC’s highly efficient, high-performing UniversalPHOLED materials. The new facility will be…
Milliken & Co. (Spartanburg, S.C.) has formally acquired Zebra-chem GmbH, a global chemicals company known for its peroxide and blowing agent masterbatches. With more brands and governments globally setting goals to increase their use of recycled materials, plastics manufacturers are…