Solvay SA (Brussels, Belgium; www.solvay.com) has signed a definitive agreement to sell its 58.77% stake in its Thai subsidiary Vinythai PCL to Japanese company Asahi Glass (AGC; Tokyo; www.agc.com), thereby exiting its Asian polyvinyl chloride (PVC) activities. The transaction is…
Technip (Paris, France; www.technip.com) has extended its successful exclusive PTA alliance with BP plc (London; www.bp.com) to include Acetic Acid. The Acetic Acid Alliance, relevant to front-end loading (FEL) 1 and 2 stages of fully owned and joint-venture projects developed…
Corbion (Amsterdam, the Netherlands; www.corbion.com) has agreed to sell its Breddo-Likwifier division to Ensight Solutions LLC (a wholly-owned subsidiary of AmProd Holdings LLC) in order for Corbion to focus on high value-add food ingredients. The sale was effective on December…
Wacker Chemie AG (Munich, Germany; www.wacker.com) will build a new production plant for its HDK brand of pyrogenic silica at its Charleston, Tenn. site. The new facility, with an annual capacity of about 13,000 metric tons, is anticipated to involve…
Evonik Industries AG (Essen, Germany; www.evonik.com) is building a production plant for precipitated silica in South Carolina to supply the tire industry. The industry needs high-quality precipitated silica for producing fuel-efficient tires with good wet grip properties, which can save…
KBR, Inc. (Houston; www.kbr.com) announced that in the first quarter of 2017, Mark Sopp will join the company as Chief Financial Officer (CFO). Current CFO Brian Ferraioli has decided to retire to spend more time with family. Ferraioli and Sopp…
Avery Dennison Corp. (Glendale, Calif.; www.averydennison.com) announced it has agreed to acquire Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates from Kibbutz Hanita Coatings and Tene Investment Funds for the purchase price of $75 million, subject to…
The Lenzing Group (Lenzing, Austria; www.lenzing.com) aims to increase the share of specialty fibers as a percentage of revenue to 50% by 2020. Following the previously announced expansion plans for Lenzing, Heiligenkreuz (Austria) and Grimsby (Great Britain), the Supervisory Board…
Black & Veatch (Overland Park, Kan.; www.bv.com) and Casale S.A. (Lugano, Switzerland; www.casale.ch) have signed a global licensing and cooperation agreement that designates Black & Veatch as a licensee for Casale’s innovative fertilizers, melamine, methanol and related chemical technologies. The…
Black & Veatch (Overland Park, Kan.; www.bv.com) has secured a contract for the licensing technology and related services for sulfur recovery units (SRU) and acid-gas removal units (AGRU) to support natural gas processing on the Jurassic field, a project central…