I D
× COMMENTARYCOVER STORYIN THE NEWSNEWSFRONTSCHEMENTATOR + Show More
Chemical EngineeringChemenator Briefs
Cellulosic ethanol Clariant AG (Muttenz, Switzerland; www.clariant.com) has produced the…
TECHNICAL & PRACTICALTOWER DOCTORFEATURE REPORTFACTS AT YOUR FINGERTIPSSOLIDS PROCESSINGEQUIPMENT & SERVICESAPPLIED TECHNOLOGIESFOCUS
Focus on Pumps
Track pump operation with this monitoring system This company has…
SHOW PREVIEWS

Comment Business & Economics

Mitsubishi Rayon to acquire Lucite International

By Kinga Szalecki |

The Board of Lucite International Group Ltd., (Southampton, UK; www.lucite.com), has announced that the company will be acquired by Mitsubishi Rayon Co. for a total cash consideration of approximately $1.6 billion. The purchase is subject to approval by the relevant regulatory authorities, and is expected to be completed by the end of January 2009. Lucite International is a leading manufacturer of methyl methacrylate (MMA). The company was formed from the consolidation of the acrylics businesses of ICI and DuPont in 1993, and has been majority owned by Charterhouse Capital Partners LLP, since 1999. Lucite owns the MMA production route known as Alpha technology. The first Alpha plant has recently begun to manufacture MMA in Singapore and will be fully operational by the end of this year (for more information click here). The new plant with a capacity of 120,000 metric tons per year (m.t./yr) is located on Jurong Island in Singapore and will supply customers in Asia, where demand for MMA has grown rapidly. The company says that Alpha technology offers 40% savings over existing technologies in both construction and production. The process uses readily available commodity chemicals (ethylene, carbon monoxide and methanol) as raw materials…
Related Content
Business News: July 2022
Plant Watch Solvay completes PVDF capacity expansion in Changshu June 13, 2022 — Solvay S.A. (Brussels, Belgium; www.solvay.com) has significantly…

Chemical Engineering publishes FREE eletters that bring our original content to our readers in an easily accessible email format about once a week.
Subscribe Now
GMP In The Cosmetic Industry
Solve turbomachinery problems: Miba Tilting Pad Bearings
Six Steps to Designing a Storage Vessel That Really Works
SICK Solutions for Cleaner Industries - Powerful Transitions
Gain a Digital Line of Sight Across the Whole Lifecycle of the Plant with a Digital Twin

View More