Givaudan Completes Acquisition of Ungerer

Givaudan, the global leader in fragrances and flavours, announced the completion of the acquisition of Ungerer & Company, the US based Flavour, Fragrance and Specialty Ingredients company. Givaudan had announced that it had reached an agreement to acquire the company in November 2019. Gilles Andrier, Givaudan’s CEO said, “Acquiring Ungerer fits very well with our … Read more Givaudan Completes Acquisition of Ungerer

Vinnolit Completes Paste PVC Plant Expansion in Germany

Vinnolit GmbH & Co. KG, a chlor-alkali and vinyls manufacturer announced the completion of expansion work at its paste PVC plant in Burghausen, Germany, and will use microsuspension technology to produce PVC with more flexible properties. “In Burghausen, we are now additionally producing with the microsuspension process, which we have already successfully used at our … Read more Vinnolit Completes Paste PVC Plant Expansion in Germany

Westlake Earnings and Sales Fall on Weak Pricing

Westlake Chemical Corporation saw lower profits in the fourth quarter of 2019, hurt by reduced global sales prices for its major products. The chemical maker posted a profit of $72 million down around 41% from $123 million it earned in the prior-year quarter. Decrease in profit was attributed to lower global sales prices for key … Read more Westlake Earnings and Sales Fall on Weak Pricing

Azelis Opens New Lubricants Application Lab in Germany

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 Azelis Opens New Lubricants Application Lab in Germany

Albemarle Reports Results, Misses Estimates

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 Albemarle Reports Results, Misses Estimates

Bharat Rasayan Forms Joint Venture with Nissan Chemical

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 Bharat Rasayan Forms Joint Venture with Nissan Chemical

Bhageria Industries Reported Profit on Lower Sales

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 Bhageria Industries Reported Profit on Lower Sales

Chemours Earnings Down on Titanium dioxide, Fluoroproducts

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 Chemours Earnings Down on Titanium dioxide, Fluoroproducts

Jindal Poly Films Doubles Profit, Plans Capacity Expansion

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 Jindal Poly Films Doubles Profit, Plans Capacity Expansion

Aarti Industries Reports Profit Growth, Fall in Sales

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 Aarti Industries Reports Profit Growth, Fall in Sales

India’s Bodal Chemicals Acquires Complete Stake in Trion Chemicals

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 India’s Bodal Chemicals Acquires Complete Stake in Trion Chemicals

Shintech Commissions Louisiana Ethylene Plant

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 Shintech Commissions Louisiana Ethylene Plant

Linde Starts Up New Air Separation Unit at Freeport, Texas

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 Linde Starts Up New Air Separation Unit at Freeport, Texas

Mitsubishi Gas Chemical to Build Integrated Hydrogen Peroxide Plant in Taiwan

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 Mitsubishi Gas Chemical to Build Integrated Hydrogen Peroxide Plant in Taiwan

PTT Global, ALPHA Sign JV to Establish Recycled Plastic Plant

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 PTT Global, ALPHA Sign JV to Establish Recycled Plastic Plant

Ascend to Acquire Italian Compounding, Masterbatch Firms

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 Ascend to Acquire Italian Compounding, Masterbatch Firms

INEOS Partners with UPM Biofuels for Renewable Plastics Production

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 INEOS Partners with UPM Biofuels for Renewable Plastics Production

Reliance Industries to Expand Dahej Petchem Plant with $700M Investment

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 Reliance Industries to Expand Dahej Petchem Plant with $700M Investment

Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

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 Iberchem Completes Acquisition of Flavor Manufacturers in Malaysia and China

Linde Wins Contract for Sibur’s Amur Gas Chemical Complex

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 Wins Contract for Sibur’s Amur Gas Chemical Complex