Ashland Completes Sale of Composites Business to INEOS for $1.015 B

Ashland Global Holdings Inc. announced on Tuesday, 3rd September that it has completed the previously announced sale of its Composites business (excluding the Maleic business) and butanediol manufacturing facility in Marl, Germany to INEOS Enterprises in a transaction valued at $1.015 billion. Net proceeds from the sale are approximately $930 million. Over $400 million of … Read moreAshland Completes Sale of Composites Business to INEOS for $1.015 B

Domo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M

DOMO Chemicals and Solvay have signed an agreement for DOMO to acquire Solvay’s Performance Polyamides Business in Europe. This includes Engineering Plastics operations in France and Poland; High-Performance Fibers in France; Polymer and Intermediates operations in France, Spain and Poland. The agreement also involves a joint venture between BASF and DOMO in France for the … Read moreDomo Chemicals to Acquire Solvay’s Nylon Business in Europe for €300M

Synthomer to Acquire Omnova in $824 Million Deal

Synthomer Plc said on Wednesday it has agreed to buy Omnova Solutions Inc for an enterprise value of $824 million in a bid to strengthen its global position. London-based Synthomer is offering Beachwood, Ohio-headquartered Omnova $10.15 for each share, a premium of 58% to Omnova’s closing price on Tuesday. Completion is subject to closing conditions, … Read moreSynthomer to Acquire Omnova in $824 Million Deal

SK Chemicals Acquires KCF Technologies from KKR for $1 Billion

SK Chemicals Inc., a chemical unit of SK Group, said that it has decided to acquire KCF Technologies Co., the world’s top producer of copper foil for lithium-ion batteries, in a bid to diversify its business portfolio. SK Chemicals said it will buy a 100 percent stake in KCF Technologies, currently owned by Kohlberg Kravis … Read moreSK Chemicals Acquires KCF Technologies from KKR for $1 Billion

Covestro Delivers First Ever Order of Polyurethane Resin for Wind Blades

Covestro, a leading global supplier of high-performance polymer materials, has delivered its first commercial order of polyurethane raw materials for wind blades to China. China is the world’s largest wind power market with 221 GW of installed capacity at the end of 2018, according to the World Wind Energy Association.(1) The blades, produced by Zhuzhou … Read moreCovestro Delivers First Ever Order of Polyurethane Resin for Wind Blades

BASF Invests in Longwater Advanced Materials Fund

BASF Venture Capital is investing in the Longwater Advanced Materials Fund. This private equity fund is managed by Longwater Investment, a pioneer growth capital investor in advanced materials and chemistry-related technologies in China. BASF Venture Capital is one of several Limited Partners; other investors include Xiamen C & D, CICC Genesis and Tsinghua Redbud. The … Read moreBASF Invests in Longwater Advanced Materials Fund

Nippon Shokubai and Sanyo Chemical to Merge Businesses

Nippon Shokubai and Sanyo Chemical Industries announced on Wednesday that the two companies had reached a Basic Agreement to move ahead with the consideration toward the integration of their businesses based on an equal footing. They will establish a holding company in October 2020 to integrate operations, which will be followed by a full-blown merger … Read moreNippon Shokubai and Sanyo Chemical to Merge Businesses

India’s SRF Sells Engineering Plastics Business to DSM for $45 million

Chemicals manufacturer SRF Ltd has signed an agreement to sell its engineering plastics business to DSM’s Indian subsidiary DSM Pvt Ltd for $45 million. Subject to the relevant conditions, the deal is expected to close in six months, SRF said in a statement. “This marks a significant milestone for our company, as we take another … Read moreIndia’s SRF Sells Engineering Plastics Business to DSM for $45 million

Evonik to Reposition its Polyamide Business, will Close its PPA Plant in Germany

Evonik is repositioning its business within the polyamide group for high-performance polymers. The company has started building of a new polyamide 12 (PA 12) facility and is expanding its production of transparent polyamides at Marl Chemical Park, focusing its activities on high-performance materials for attractive growth markets such as automotive, oil and gas, 3D printing … Read moreEvonik to Reposition its Polyamide Business, will Close its PPA Plant in Germany

Dow to Permanently Shut its Acrylic Emulsions Plant in Charlotte

Dow Chemical is closing its acrylic emulsions facility in east Charlotte this July. The company said that it made the decision after thorough assessments on sustainability of the operations. The company will decommission the plant on July 31st and will supply the product to its customers from other locations. The Charlotte site produces acrylic emulsions … Read moreDow to Permanently Shut its Acrylic Emulsions Plant in Charlotte

INEOS Styrolution to Build New Production Site for its StyLight Composite

INEOS Styrolution announced that it is planning to set up a new production site for its successful composite StyLight. “The establishment of a new production site reflects growing customer demand. Ever since its introduction at the K in Düsseldorf in 2016, StyLight has caught the attention of designers globally in the automotive, electronics and sports … Read moreINEOS Styrolution to Build New Production Site for its StyLight Composite

Evonik to Expand Transparent Polyamides Production Capacities in Germany

Evonik announced on Monday that it will expand its production capacity of transparent polyamides at the Marl Chemical Park (Germany) which the company sells under the brand TROGAMID CX. Production expansion is scheduled for completion in the first quarter of 2020. The project will double the specialty chemicals company’s capacity for its transparent, high-performance materials. … Read moreEvonik to Expand Transparent Polyamides Production Capacities in Germany

Merck KGaA goes Hostile in Versum Takeover Bid

On Tuesday, Merck KGaA launched a hostile $5.9 billion all-cash takeover bid for Versum Materials to boost its presence on the market for semiconductor materials and sideline the bid of Entegris. Since it was first proposed last month, Versum opposed Merck’s unsolicited cash offer, saying it was committed to an all-share merger with U.S. rival … Read moreMerck KGaA goes Hostile in Versum Takeover Bid

Arkema Starts PEKK Production Plant in USA

Arkema has successfully started up a Kepstan PEKK (Poly-Ether-Ketone-Ketone) plant at its site near Alabama, United States. The company considers the investment as a new step in Arkema’s ambitious growth strategy in high-performance polymers and advanced materials, the development of which is supported by the Group’s cutting-edge technologies in search of solutions for sustainable development. … Read moreArkema Starts PEKK Production Plant in USA

Merck to Invest € 1 Billion at the Darmstadt Site until 2025

Merck announced that a comprehensive agreement has been signed between the company management and the Joint Works Council for the Darmstadt site. The goal is to secure and further expand the future viability of corporate headquarters as a central hub for science and technology. For this purpose, up to 2025, the company will invest a … Read moreMerck to Invest € 1 Billion at the Darmstadt Site until 2025

Asahi Kasei to Enhance Manufacturing Infrastructure for LIB Separator

Asahi Kasei will expand its Li-ion battery (LIB) separator manufacturing infrastructure with completion planned for the first half of fiscal 2021. The company is investing around $270 million on this project. LIB is a thin polyolefin microporous film placed between the cathode and the lithium – ion battery anode. It prevents contact between the electrodes … Read moreAsahi Kasei to Enhance Manufacturing Infrastructure for LIB Separator

Arkema-Hexcel Open a Joint R&D Laboratory in France

Arkema and Hexcel have announced that a joint research and development laboratory will be opened in April in Les Avenières (Isère), France. The R & D facility is part of Arkema and Hexcel strategic alliance, formed in March 2018 to develop thermoplastic composite solutions for the aerospace industry, combining Hexcel’s expertise in carbon fiber with … Read moreArkema-Hexcel Open a Joint R&D Laboratory in France

DowDuPont Board Approves Separation of Materials Science Division as New Dow

On Friday, DowDuPont announced that its Board of Directors has agreed to the previously announced separation of its Materials Science Division. The division will become the new Dow on April 1. DowDuPont’s board of directors declared a dividend for the second quarter of $325 million to be paid on May 28, 2019, in the aggregate … Read moreDowDuPont Board Approves Separation of Materials Science Division as New Dow

Dow Chemical plans $3 Billion Stock Buyback after seperation

Dow Chemical announced that after separation from DowDuPont on 1 April, it will set an initial annual dividend payment of $2.1 billion and launch a $3-billion stock buyback program. The company will target shareholder remuneration of approximately 65% of operating net income across the cycle, including dividend and share repurchases. Dow confirmed its plans to … Read moreDow Chemical plans $3 Billion Stock Buyback after seperation