Nouryon (formerly AkzoNobel Specialty Chemicals) has announced to build a world scale polymerization plant for its Expancel expandable microspheres at a location in the U.S. The plant will strengthen its leadership position significantly in expandable microspheres. Expancel microspheres are used as lightweight filler and blowing agent to lighten end products, obtain various surface effects, and … Read more
On Tuesday, Germany’s Merck KGaA called on Versum Materials shareholders to put pressure on the management of the electronic materials manufacturer to consider their takeover bid over a rival Entegris’ bid. Versum rejected Merck’s unsolicited $5.9 billion cash offer on Friday. The proposal made to the management was non-binding and has not been submitted to … Read more
German Stockmeier Group acquired Química Industrial, Spanish Indukern Group’s industrial chemical distribution division. The newly founded Stockmeier Química SLU will take over the business. According to Indukern’s growth strategy, the agreement to sell its Industrial Chemicals division to the Stockmeier Group prioritizes the activities of its four other divisions. “We are very pleased that the … Read more
Versum Materials (VSM) announced that its Board of Directors rejected Merck KGaA’s unsolicited and non – binding proposal to acquire Versum at $ 48 per share in cash received on February 27, 2019. “After careful review and consideration, conducted in consultation with its independent financial and legal advisors, the Versum Board concluded that Merck KGaA’s … Read more
Quaker Chemical Corporation opened its state-of – the-art manufacturing facility in Dahej, India. The site will be used to produce rolling oils and metalworking fluids for the steel and metalworking market in India and the MEA. The company has been building a strong brand presence in the country since 1997 to support the metalworking fluids … Read more
Germany’s Merck KGaA has announced a counter bid to acquire Versum Materials for $5.9 billion in cash against U.S. rival Entegris’ $4 billion offer. The company said it planned to buy Versum for $48 per share ($5.2 billion excluding debt), a 51.7% premium to Versum’s undisturbed share price, on January 25, 2019, the day prior … Read more
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 more
Chroma Color Corporation announced that it has acquired Polymer Concentrates Inc., based in Clinton, MA. With this latest acquisition, Chroma Color, together with its range of colorant and additive technologies, continues to increase its production footprint to better serve existing and prospective customers. Transaction terms have not been disclosed. Polymer Concentrates Inc., a private company, … Read more
PolyPlus Battery Company announced that it is entering into the initial phase of a Joint Development Agreement with SK Innovation Co. SK selected PolyPlus as its partner for its’ global consortium,’ following a extensive due diligence process. This partnership concentrates on PolyPlus’ solid state lithium anode laminate that can double the energy density and cycle … Read more
Nouryon has licensed its cutting – edge carbon disulfide (CS2) manufacturing technology to one of the leading manufacturers of viscose fibers in Indonesia to enhance its production on Sumatra Island. In order to better service its customers in the Asia / Pacific region, any CS2 excess volume produced by the plant can be marketed by … Read more
World’s Largest HFO-1234yf Production Facility Begins Operations in Corpus Christi, Texas