Mitsui Chemicals, Inc. announced that Polaris Chemicals, Inc., a subsidiary established in 2021, has begun production of biocatalysts used in the production of acrylamide. Acrylamide is a raw material for polyacrylamide, which is in turn used as a flocculant for wastewater treatment, a paper strengthening agent, and a crude oil recovery agent, among other applications. … Read more
In a significant boost to Gujarat’s chemical industry, four prominent industrial players have recently signed Memorandums of Understanding (MoUs) with the state government, marking a total investment of INR 14.01 billion. These investments are a part of the preparations for the upcoming Vibrant Gujarat Global Summit, set to take place in January 2024. The signed … Read more
Evonik, a prominent player in the chemical industry, is making noteworthy strides in its DL-methionine production plant expansion located in Singapore. To achieve a crucial milestone in the construction process, the production at the Singapore plant on Jurong Island will experience a temporary reduction for three months in the fourth quarter of 2023. Following this, … Read more
Chase Corporation, a prominent global manufacturer of protective materials for high-reliability applications, has recently disclosed that it is set to be acquired by an affiliate of investment funds managed by KKR, a leading global investment firm. The all-cash transaction, which includes the assumption of debt, is valued at approximately $1.3 billion. Under the terms of … Read more
SRF Limited, a chemical-based multi-business entity specializing in the production of industrial and specialty intermediates, has released its consolidated financial results for the first quarter ended June 30, 2023. The unaudited results were approved by the Board of Directors during a meeting held on the same day. Q1 Results: In the first quarter of the … Read more
Air Liquide announces close to 200 million US dollars in investment in two advanced material production centers in Taiwan and South Korea. The investment aims to accelerate the development and manufacturing of new advanced materials while increasing reliability and improving the sustainability of its supply chain by localizing the production close to their semiconductor customers. … Read more
The Chemours Company announced they have engaged with the Interagency for Market Control of the Hellenic Ministry of Development (DIMEA), the Hellenic Police, and Hellenic Customs to stop illegal fluorinated gas (F-gas) refrigerants from entering the European Union (EU) at the Greek border. Approximately 15.6 tons of suspected unauthorized refrigerants including R-1234yf used as an … Read more
Toray Industries, Inc. announced plans to increase regular tow carbon fiber production capacity at two facilities. Capital investments will add lines to the Spartanburg plant in South Carolina, USA of Toray Composite Materials America, Inc., and the Gumi plant in Gyeongsangbuk-do, Korea of Toray Advanced Materials Korea Inc. These investments will increase the Toray Group’s … Read more
Johnson Matthey plc, a global leader in sustainable technologies, has signed an investment agreement with the Jiading District in Shanghai to help accelerate the hydrogen economy in China. At a signing ceremony in Sonning, UK today, JM and the Shanghai Jiading District announced plans to build a new catalyst-coated membrane (CCM) production facility, providing CCM … Read more
KEZAD Group, the leading operator of integrated and purpose-built economic zones in the UAE, has recently announced an agreement with Global Fluorine Chemical Factory LLC (GFCF) for the establishment of the second phase of their operations in KEZAD Mussafah. This development will enable GFCF to triple its production capacity, marking a significant step towards the … Read more
Solenis, a leading manufacturer of specialty chemicals used in water-intensive industries, has completed its acquisition of Diversey Holdings, Ltd. The transaction, valued at an enterprise value of approximately $4.6 billion, was executed in an all-cash deal and became effective on July 5. Diversey is a leading provider of hygiene, infection prevention and cleaning products and … Read more
Evonik has acquired Novachem, an Argentinian sustainable cosmetic actives innovator. Novachem offers a strong, innovative portfolio of biotechnological, natural and sustainable cosmetic active ingredients with scientifically proven claims that will boost Evonik’s portfolio of System Solutions. Signing and closing took place on 30 June 2023, subject to official approval by the authorities. Novachem will be … Read more
French specialty materials company Arkema has announced its plan to acquire PIAM, a South Korean-based global leader in polyimide films and graphite sheets. With over 30% global market share, PIAM specializes in providing cutting-edge materials for high-growth markets such as mobile devices and electric vehicles. The acquisition, subject to regulatory approval, will allow Arkema to … Read more
Mitsui & Co., Ltd. has decided, and agreed with Celanese Corporation, a leading American chemical company, to acquire a 70% stake in its wholly owned subsidiary Nutrinova Netherlands B.V., which manufactures and sells functional food ingredients and concluded related agreements. The purchase price for the shares is $472.5 million. Following the acquisition, Nutrinova will become … Read more
Brenntag, the global market leader in chemicals and ingredients distribution, announced the acquisition of Shanghai Saifu Chemical Development Co., Ltd., one of the most respected market leaders in specialty distribution with expertise in Personal Care Chemicals in China. The acquisition of Saifu in China fits Brenntag’s acquisition strategy as a leading consolidator in the industry … Read more
Anupam Rasayan, a prominent player in custom synthesis and specialty chemicals in India, has recently signed a Letter of Intent (LOI) with a leading Japanese specialty chemical company. The agreement entails a projected revenue of $265 million (Rs 21.86 billion) over the course of the next five years. The purpose of this partnership is to … Read more
Bain Capital Private Equity, a leading global private investment firm, announced the acquisition of Porus Labs, a leading manufacturer of agricultural and specialty chemicals. Bain Capital’s resources and industry experience will enable Porus Labs to unlock significant growth through investments in talent, business development, capacity expansion, process engineering, and developing or acquiring distinctive chemical capabilities. … Read more
Elkem ASA has acquired VUM, a Slovak producer of carbon materials. The transaction will further increase Elkem’s capacity and competence in attractive specialty markets and increase its flexibility in the supply chain. Elkem expects the acquisition to contribute to an additional turnover of around NOK 360 million per year. VUM was founded in 1954 and … Read more
Element Solutions Inc, a global specialty chemicals company, has made two significant moves to strengthen its position in the advanced electronics materials markets. These transactions are expected to generate approximately $15 million of annualized adjusted EBITDA and hold great growth potential as the electronics industry improves and new technologies gain customer approvals. Firstly, Element Solutions … Read more
LG Chem Ltd., South Korea’s leading chemicals company, has recently commenced the construction of its fourth carbon nanotube (CNT) plant in the country. The new facility, named CNT 4, will be located in LG Chem’s Daesan complex, situated in Seosan, approximately 83 kilometers away from Seoul. This expansion aims to significantly increase the production capacity … Read more