Latest News: Business
BASF inaugurates $1-billion MDI plant in Geismar, Louisiana
BASF SE (Ludwigshafen, Germany) announced the inauguration of its new methylene diphenyl diisocyanate (MDI) production facility at the company's Verbund site in Geismar, Louisiana. The ceremony marks the on-time completion of BASF's largest wholly owned investment project to date in…
BATF, Synthomer form JV for coalescing agents and powder coating resins
BATF Group Co., Ltd. (Foshan, China) and Synthomer plc (London) announced that they have signed an agreement to establish a strategic partnership for the specialty coatings market. The two companies will cooperate through a joint venture company (JV Company) based…
Umicore to invest €450 million in precious metals refining expansion
Umicore N.V. (Brussels, Belgium) is taking further steps to strengthen its long-term competitiveness, combining investment in its Precious Metals Refining flowsheet in Hoboken, Belgium, with proposed changes to strengthen its operating model. Together, these initiatives support performance and strengthen the…
Denka to spin off styrene businesses into new company, Node Chemical
Denka Co., Ltd. (Tokyo) said its board of directors approved plans on Nov. 9 to establish Node Chemical Co., Ltd. (Tokyo), a wholly owned subsidiary that will take over the styrene-related businesses of Denka’s Polymer Solutions Division. The new firm…
BASF to sell mining solutions business to SNF
BASF SE (Ludwigshafen, Germany) has signed an agreement to sell its mining solutions business to SNF Group S.A. (Andrézieux-Bouthéon, France). SNF is a privately held specialty chemical company. The divestment of BASF's mining business follows a comprehensive strategic review within…
ATP Adhesive Systems opens new manufacturing facility in South Carolina
ATP Adhesive Systems, a Henkel company (Düsseldorf, Germany; www.henkel.com), today officially opened its new manufacturing facility in West Columbia, South Carolina, marking a significant milestone in the company's continued expansion in North America. The new facility measures 127,000 square feet…
Mitsubishi Gas Chemical Co. to expand production of BT thermoset resin in Thailand
Mitsubishi Gas Chemical Company, Inc. (MGC; Chiyoda-ku, Tokyo, Japan; www.mgc.co.jp) announced its decision to expand the manufacturing and product inspection facilities at MGC Electrotechno (Thailand) Co., Ltd. (MGC-ETT; located in WHA Eastern Seaboard Industrial Estate, Rayong Province, Kingdom of Thailand),…
BASF shifting polyisobutene portfolio in Europe to run entirely on renewable electricity
BASF (Ludwigshafen, Germany; www.basf.com) is shifting its eligible polyisobutene (PIB) portfolio produced in Europe for external customers to run entirely on renewable electricity. The full transition of eligible Oppanol® B and Glissopal® to 100 percent renewable electricity will be completed from January…
Maire Nextchem to acquire a metals and chemicals processing technology business from Metso
MAIRE S.p.A.(Milan, Italy; www.groupmaire.com) announces that its sustainable technology subsidiary Nextchem (www.nextchem.com) has entered into a binding agreement to acquire from Metso Corporation (Espoo, Finland; www.metso.com) a metals and chemicals processing technology business, including the fluidized-bed roasting, and metallurgical off-gas…
thyssenkrupp nucera commissions chlor-alkali plant for Kutch Chemical in India
thyssenkrupp nucera (Dortmund, Germany; www.thyssenkrupp-nucera.com) has successfully commissioned a major chlor-alkali plant for Kutch Chemical Industries Limited in Padana, Gujarat, India. The plant has an annual production capacity of 220,000 metric tons of caustic soda (NaOH). With a production capacity…