Solvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

Solvay has opened two innovation centers dedicated to thermoplastic composites in the United States and Belgium, reinforcing its research and innovation (R&I) capabilities and engagement with customers, in high performance materials for the aerospace, automotive and oil & gas markets.  The opening of both centers follows Solvay’s creation in April of its thermoplastic composites platform … Read moreSolvay Opens Thermoplastic Composites Innovation Centers in the U.S. and in Europe

Solvay Expands Aerospace Thermoplastic Composites Capacity in US

Solvay is expanding its thermoplastic composites capacity with a new production line at its U.S. facility in Anaheim, California, underscoring its commitment to meeting strong demand growth from aerospace customers for this high performance material and Solvay’s proprietary and unique technology. Solvay will have multiplied its qualified capacity by four since 2016 with the commissioning … Read moreSolvay Expands Aerospace Thermoplastic Composites Capacity in US

DuPont Sells Semiconductor Business for $450 Million

DuPont Electronics & Imaging (E&I) has signed an agreement with SK Siltron to sell its Compound Semiconductor Solutions (CSS) business, which makes materials for electric motors. The $450 million sale to SK Siltron, based in South Korea, is expected to close by the end of 2019, subject to customary regulatory approvals for closing. The transaction … Read moreDuPont Sells Semiconductor Business for $450 Million

Lotte Chemical to Merge its Affiliate Lotte Advanced Materials

Lotte Chemical said on August 22 in a regulatory filing that its management had agreed to merge with Lotte Advanced Materials, a wholly-owned subsidiary. The board of directors of Lotte Chemical, based in Seoul, agreed on a scheduled merger between two Korean-Japanese Lotte subsidiaries. Lotte Advanced Materials will merge into Lotte Chemical once the merger … Read moreLotte Chemical to Merge its Affiliate Lotte Advanced Materials

Hyosung to Invest $825 M in Carbon Fiber Manufacturing Plant

South Korea’s Hyosung announced on Tuesday it will invest 1 trillion won ($829 million) by 2028 to expand its carbon fiber production capacity, vowing to raise the country’s competitiveness to lessen dependence on other countries. To achieve this, it will put advanced materials, crucial for the “hydrogen economy,” at the forefront of its business portfolio. … Read moreHyosung to Invest $825 M in Carbon Fiber Manufacturing Plant

Rain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany

Rain Carbon Inc., a leading global producer of carbon-based products, initiated the phased start-up of its hydrogenated hydrocarbon resins production facility in Castrop-Rauxel, Germany on Thursday. Once operational in the fourth quarter of 2019, the state-of-the-art plant will have a permitted resins production capacity of up to 50,000 tons per year and will serve as … Read moreRain Carbon Begins Commissioning of €60 M Hydrocarbon Resins Plant in Germany

Mitsui Chemicals to Boost PP Compounding Capacity

Mitsui Chemicals, Inc. is expanding its subsidiary in Thailand, Grand Siam Composites’ polypropylene (PP) compounding capacity to meet increasing global demand from the automotive industry. The expansion due on stream in June 2020 will boost the overall global compounding capacity of the group to nearly 1 million tons per year, ranking it second behind LyondellBasell. … Read moreMitsui Chemicals to Boost PP Compounding Capacity