LG Chem to Expand Carbon Nanotube Production by 1,200 Tons

LG Chem announced that it will invest about 65 billion KRW ($54 million) by Q1 of next year to expand production of carbon nanotubes (CNT) by 1,200 tons at the company’s Yeosu plant. Once the expansion is made, LG Chem will have a total production capacity of 1,700 tons by adding to the existing 500 … Read more LG Chem to Expand Carbon Nanotube Production by 1,200 Tons

Woodward, Hexcel Terminate Merger Agreement due to COVID-19 Impact

Hexcel Corporation (HXL) and Woodward, Inc. (WWD) announced that the companies have mutually agreed to terminate their previously announced $6.4-billion merger deal. The decision has been duly approved by the boards of both companies. The companies decided to call off the mega-merger deal in response to the increasing impact of the coronavirus (COVID-19) pandemic on … Read more Woodward, Hexcel Terminate Merger Agreement due to COVID-19 Impact

Cabot Corp to Acquire China-based CNT Manufacturer

Cabot China Limited, a wholly owned subsidiary of Cabot Corporation, entered into an agreement to purchase Shenzhen Sanshun Nano New Materials Co., Ltd (SUSN), a leading carbon nanotube (CNT) producer in China, for approximately $115 million in enterprise value that includes liabilities and contingent payments, company officials announced on Tuesday. “The acquisition significantly strengthens Cabot’s … Read more Cabot Corp to Acquire China-based CNT Manufacturer

Evonik and Wynca Break Ground for a New Fumed Silica Plant in Zhenjiang

Evonik’s joint venture with Chinese company Wynca – Evonik Wynca (Zhenjiang) Silicon Material Co., Ltd. has officially started the construction on a new fumed silica plant in Zhenjiang, Jiangsu Province, China. Together with the business partners, representatives from local government and media, Evonik and Wynca took part in a ground-breaking ceremony on December 10th in … Read more Evonik and Wynca Break Ground for a New Fumed Silica Plant in Zhenjiang

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 more Solvay 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 more Solvay 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 more DuPont 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 more Lotte 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 more Hyosung 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 more Rain 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 more Mitsui Chemicals to Boost PP Compounding Capacity