kemicalinfo Azelis, a leading distributor of specialty chemicals and food ingredients, announced the opening of a new Lubricants application laboratory in Hannover, Germany. Based on cooperation with the Gottfried Wilhelm Leibniz University of Hannover, this new Azelis lab is located in the Institute of Machine Construction and Tribology (IMKT). With this lab, the company can offer … Read more
Albemarle Corporation announced its results for the fourth quarter and full year 2019. The company’s net sales in fourth quarter increased 8% to $993 million with an adjusted EBITDA of $295 million increasing 12%. Its full year net sales increased 6% to $3.6 billion with an adjusted EBITDA of $1.04 billion increasing 3%. Net sales … Read more
Bharat Rasayan Limited (BRL) announced that the company has executed a Joint Venture (JV) Agreement on 18th February, with Nissan Chemical Corporation (NCC), a Japanese agrochemicals company. The joint venture will operate through a company named Nissan Bharat Rasayan Private Limited, a company incorporated in India. This Joint Venture is expected to bring benefits to … Read more
India’s Bhageria Industries reported profit growth in the third quarter 2019 despite fall in sales revenue. Growth in dye intermediates margin aided to the rise in profit. Net profit of Bhageria Industries rose 17.41% to Rs 17.74 crore ($2.5 million) in the quarter ended December 2019 as against Rs 15.11 crore ($2.1 million) during the … Read more
The Chemours Company, a global performance chemicals manufacturer reported a fall in revenue for the fourth quarter 2019. Chemours fourth quarter 2019 net sales were $1.35 billion, a 7.6% fall from prior-year quarter. The company reported a loss of $317 million in the fourth quarter of 2019 against a profit of $142 million a year … Read more
India’s Jindal Poly Films doubled its profit growth in the third quarter on strong packaging films margins. Net profit of Jindal Poly Films rose 120.90% to Rs 120.81 crore ($17 million) in the quarter ended December 2019 as against Rs 54.69 crore ($7.6 million) during the previous quarter ended December 2018. Sales rose 12.13% to … Read more
India’s Aarti Industries reported a profit growth in its third quarter despite a fall in sales revenue. According to the company, strong margins in higher value specialty chemicals led to the growth in profit. Net profit of Aarti Industries rose 4.59% to Rs 139.84 crore ($19.5 million) in the quarter ended December 2019 as against … Read more
Bodal Chemicals Ltd, an Indian dye and dyestuff manufacturer has acquired the remaining 42 percent stake in Trion Chemicals Pvt Ltd, a producer of specialty chemicals for swimming pools & water treatment in the Indian state of Gujarat. The deal is expected to benefit Bodal Chemicals in diversifying its product range. “The objective for this … Read more
Shintech Louisiana LLC, the US subsidiary of Tokyo-based Shin-Etsu Chemical Co. Ltd.’s Shintech Inc., announced the start of production at its ethylene plant in Plaquemine, Louisiana. The 500,000-tonnes per year plant started producing ethylene as of Feb. 13, project contractor Toyo Engineering Corp. and subsidiary Toyo USA Inc. said. Earlier this month in a conference … Read more
Linde PLC announced it has commissioned a new air separation unit (ASU) in Freeport, Texas, as part of a long-term agreement to supply MEGlobal Americas Inc.’s new monoethylene glycol (MEG) plant at Oyster Creek petrochemical complex in Freeport. The new ASU will supply oxygen and nitrogen to MEGlobal Oyster Creek for use in its MEG … Read more
Mitsubishi Gas Chemical Company, Inc. (MGC) to build a production facility for industrial hydrogen peroxide (IHP) at its Taiwanese subsidiary in order to further develop the company’s business for super-pure hydrogen peroxide (SPHP) used in semiconductor production processes. SPHP is used primarily as a cleaning, etching and abrading agent in semiconductor wafer and device manufacturing … Read more
PTT Global Chemical Company Limited announced that the company, on Febraury 3, has established a joint venture with ALPHA to operate high-quality recycled plastic plant in Royang, Thailand. The newly formed joint venture company called ENVICCO limited has PTT Global holding 70% of total shares together with another 30% held by ALPHA. According to PTT … Read more
Ascend Performance Materials, an integrated polyamide (PA) 66 supplier, has signed an agreement to purchase Poliblend and Esseti Plast GD from D’Ottavio Group. The acquisition includes a manufacturing facility in Mozzate, Italy, the masterbatch portfolio of Esseti Plast GD and the engineering plastics portfolio of Poliblend, which consists of virgin and recycled grades of PA … Read more
INEOS and UPM Biofuels announced a long-term agreement to supply a renewable raw material for new and innovative bio-attributed polymers to be produced at INEOS Köln, Germany. INEOS will use UPM BioVerno, a sustainable raw material from a renewable residue of wood pulp processing, to produce bio-attributed polyolefins. These new sustainable materials will be used … Read more
Reliance Industries Ltd (RIL) is planning to expand Dahej Manufacturing Division (DMD), a petrochemical and downstream manufacturing unit, with an investment of Rs 5,100 crore ($700 million). “Dahej petrochemical manufacturing facility is proposing to set up the new plants and facilities, which includes manufacturing of Ethylene Dichloride (EDC), CHDM, PET-G, establishing New incinerator in VCM … Read more
Iberchem Group announced that it has completed the acquisition of Flavor Inn Corporation and Duomei, two flavour companies located in Malaysia and China respectively. The terms of the transaction were not disclosed. These transactions come as the latest effort in the Group’s merger and acquisition strategy initiated last year with the purchase of South Africa’s … Read more
Linde PLC has recieved a contract to provide technology for PJSC Sibur Holding’s cracker at Amur gas chemical complex (GCC). GCC is an integrated 1.5 million tons per year polyethylene and polypropylene production complex to be built near Svobodny in Russia’s far-east Amur region. The contract was awarded to Linde under a consortium with Sibur … Read more
Linde announced it has started up a new Air Separation Unit (ASU) effectively doubling the production capacity of its existing plant at Mims, Florida. “The expansion is in response to rapidly growing contracted demand for space launch activity,” the company said in its statement. The new plant will increase production to more than 500 tons … Read more
PPG announced that it has reached a definitive agreement to acquire Alpha Coating Technologies, LLC, a manufacturer of powder coatings for light industrial applications and heat sensitive substrates. The transaction is expected to close in the first quarter of 2020, subject to customary closing conditions. Financial terms were not disclosed. “Alpha’s best-in-class service, technology and … Read more
Chroma Color Corporation announced the acquisition of Plastics Color Corporation (PCC), including its two facilities in Asheboro, North Carolina and Calumet City, Illinois. Terms of the transaction were not disclosed. PCC deals in color concentrates, functional additives and custom polymer masterbatch. The company has multiple certifications and accreditations that meet government standards and regulations, including … Read more