Latest News: Business
AkzoNobel finalizes divestment of Building Adhesives business
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has finalized the €260-million divestment of its Building Adhesives business to Sika AG. Under the terms of the deal, all of Building Adhesives' approximately 550 employees have transferred to the new owners, along with the…
Arkema and Watan form joint venture; will build organic peroxides plant in Saudi Arabia
Arkema (Colombes, France; www.arkema.com), a worldwide producer of organic peroxides, and Saudi investment company Watan Industrial Investment have signed an agreement for the construction of an organic peroxide production site on the Al Jubail platform, Saudi Arabia. The facility, requiring…
PPG to invest $60 million in new coatings facility in Russia
PPG Industries (Pittsburgh, Pa.; www.ppg.com) has announced plans to invest $60 million in a new manufacturing facility and commercial operation for its coatings businesses in the Lipetsk region of Russia. The company anticipates project completion in the second half of…
Clariant acquires organic pigment business, invests in new plant in China
Clariant (Muttenz, Switzerland; www.clariant.com) today announced that it has acquired the Organic Pigment business of Jiangsu Multicolor Fine Chemical Co., Ltd (JMC; Jiangsu Province, China). JMC is a leading supplier of several types of high performance pigments and pigment preparations…
Malvern Instruments acquires NanoSight
Malvern Instruments Ltd. (Malvern, U.K.; www.malvernpanalytical.com/en), a leading global provider of instrumentation and expertise for materials and biophysical characterization, has acquired nanoparticle characterization company NanoSight Ltd. (Amesbury, UK; www.malvernpanalytical.com/en/products/product-range/nanosight-range/nanosight-pro). The acquisition was completed on Friday 27 September 2013. NanoSight has…
Solvay to build large bicarbonate plant in Thailand
Solvay S.A. (Brussels, Belgium; www.solvay.com) plans to build South-East Asia's largest sodium bicarbonate plant. Located in Thailand and with a total capacity of 100,000 ton/yr, this new facility will help meet the growing demand for high quality products from the…
Shell Cansolv and Technip to strengthen CO2 capture technology
Shell Cansolv (Montreal, Canada; www.cansolv.com) and Technip (Paris, France; www.technip.com) have signed an agreement to leverage their respective expertise in marketing an end-to-end solution for Carbon Capture and Sequestration (CCS) projects. The agreement enables both Technip and Shell Cansolv to…
Biesterfeld France Produits SpeÌciaux EURL aquires SMPC Production
Biesterfeld France Produits SpeÌciaux EURL (Rueil-Malmaison near Paris, France), the French subsidiary of Biesterfeld Spezialchemie GmbH (Hamburg, Germany; www.biesterfeld-spezialchemie.com), has acquired the French company SMPC Production located in St. Ouen l‘Aumone with effect from April, 2013. Name and headquarters of…
Economic data suggest improvement in U.S., but concerns remain, ACC says
Economic reports from this week showed mostly positive developments, but concerns remain over a potential debt-ceiling crisis and high oil prices, according to the most recent Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com).…
Qinghai Mining selects Unipol polypropylene process technology for new plant
The Dow Chemical Company’s (Midland, Mich, www.dow.com) Unipol Polypropylene (PP) Process Technology from Union Carbide Chemicals & Plastics Technology LLC (a wholly owned Subsidiary of Dow) will be licensed by Qinghai Provincial Mining Co., Ltd., (Qinghai Mining) at a new…