Univar Earnings and Revenues Fall Short of Estimates

Univar Solutions Inc. reported a fall in profit for the fourth quarter and full year of 2019. The results were impacted by reduced demand in global industrial markets. In the fourth quarter, the company reported sales of $2.2 billion, up 9.3% compared to the prior year quarter. The company reported a loss of $55.1 million, … Read more Univar Earnings and Revenues Fall Short of Estimates

IOL Chemical Reports Profit in Q3

India’s IOL Chemical reported profit growth in the third quarter 2019 on strong API sales. The company reported a 20% year on year growth in EBIDTA at Rs 163 crore ($22.7 million) in December quarter. EBIDTA margin grew to 31.65% from 28.39% in the prior-year quarter. The company’s income from operations increased by 8% to … Read more IOL Chemical Reports Profit in Q3

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

IFF to Acquire DuPont’s Nutrition Business for $26.2 Billion

IFF and DuPont announced that they have entered into a definitive agreement for the merger of IFF and DuPont’s Nutrition & Biosciences (N&B) business in a Reverse Morris Trust transaction. The deal values the combined company at $45.4 billion on an enterprise value basis, reflecting a value of $26.2 billion for the N&B business based … Read more IFF to Acquire DuPont’s Nutrition Business for $26.2 Billion

Nissan Chemical Acquires Fungicide Product Line from Corteva

Nissan Chemical Corporation announced the acquisition of the Quinoxyfen product line of fungicides from Corteva, Inc. The transaction includes all brands, including Quintec and Fortress and associated inventories. Quinoxyfen is a protectant fungicide highly effective in controlling powdery mildew in cereals, grapes, stone fruits, and vegetables such as cucurbits. It has a unique mode of … Read more Nissan Chemical Acquires Fungicide Product Line from Corteva

Perstorp Breaks Ground in India to Expand Pentaerythritol Business

Perstorp, a global leader in the specialty chemicals market, has unveiled plans to invest in the construc-tion of a new Pentaerythritol production facility in Gujarat, India. The world scale, green-field Gujarat plant will produce Pentaerythritol, including the renewable grades of Voxtar, providing up to a 60% reduced carbon footprint. Construction of the Gujarat plant started … Read more Perstorp Breaks Ground in India to Expand Pentaerythritol Business

Nufarm Sells South American Crop Business to Sumitomo for $1.2B

Nufarm Limited announced on Monday, 30th September it had entered into an agreement to sell its South American crop protection and seed treatment operations in Brazil, Argentina, Colombia and Chile to Sumitomo Chemical Company Limited for $1,188 million cash (on a cash-free, debt-free basis and subject to customary net working capital adjustments on completion). Nufarm … Read more Nufarm Sells South American Crop Business to Sumitomo for $1.2B

German Chemical Industry in the Doldrums

Lack of demand from industrial customers and the global economic uncertainties continue to create problems for the German chemical and pharmaceutical industry. Weak numbers for the second quarter of 2019 have prompted the German Chemical Industry Association (VCI) to lower its full-year forecast for the third time in 2019. There is no improvement in sight, … Read more German Chemical Industry in the Doldrums

Sumitomo Chemical Completes Merger of ECC with SCIL

Sumitomo Chemical India Limited (SCIL), a subsidiary of one of the leading global chemical companies Sumitomo Chemical Co., Ltd., Japan and a leading player in Indian agrochemical, household insecticides and animal nutrition sectors, announced the completion of the merger of Excel Crop Care Limited (‘ECC’) with itself (SCIL). The aforementioned merger process has been successfully … Read more Sumitomo Chemical Completes Merger of ECC with SCIL

Grillo Sells Methanesulfonic Acid from Methane Tech to BASF

Grillo has sold its IP and know-how regarding the production of MSA from methane to BASF. BASF will utilize the acquired IP and know-how within its own R&D activities on MSA. Grillo has developed a novel process and optimized it on R&D pilot plant scale over the last years. BASF, with its global research and … Read more Grillo Sells Methanesulfonic Acid from Methane Tech to BASF

BASF to Build Tert-Butylamine Plant at Nanjing, China

BASF SE plans to invest in a second production plant for tert-butylamine (tBA) at BASF Specialty Chemicals Co. Ltd (BSNJ) in Nanjing, China. With this expansion, BASF’s global annual production capacity of tBA will increase by more than 30%. The plant is planned to start up in 2022 and will adopt advanced BASF technology which … Read more BASF to Build Tert-Butylamine Plant at Nanjing, China

BASF to Raise Alkylethanolamines Capacity in Ludwigshafen

BASF will increase the production capacity of Alkylethanolamines (AEOA) by 20 percent at the BASF Verbund site in Ludwigshafen, Germany. After the start-up in 2020, BASF’s global annual nameplate capacity of AEOA will be more than 110,000 metric tons per year at its production facilities in Ludwigshafen, Germany; Geismar, USA; and Nanjing, China. “As one … Read more BASF to Raise Alkylethanolamines Capacity in Ludwigshafen

Nouryon to Double Organic Peroxides Capacity in Mexico

Nouryon (formerly AkzoNobel Specialty Chemicals) will double production capacity for solvent-based organic peroxides at its Los Reyes, Mexico site, enabling it to support the strong growth of the North American polyolefin and polyvinyl chloride (PVC) markets. The expansion is expected to be completed by the second quarter of 2020. Polyolefins are used to produce a … Read more Nouryon to Double Organic Peroxides Capacity in Mexico

Solvay to Increase Hydroquinone Capacity in Europe by 20%

Solvay is raising its European capacity of hydroquinone by 20%, enhancing the security of supply on three continents and to meet increasing demand for diphenol inhibitors used as additives by the monomer industry. This capacity expansion at its plant in Saint-Fons, France is accomplished by debottlenecking the existing unit and follows a recent capacity increase … Read more Solvay to Increase Hydroquinone Capacity in Europe by 20%