Azelis, a leading innovation service provider in the specialty chemicals and food ingredients industry, announces that it has signed an agreement to acquire 100% of the shares of Sirius International, a well-established distributor of specialty chemicals in the Benelux market. This acquisition complements Azelis’ lateral value chain in-home care and industrial cleaning with an attractive … Read more
IMCD N.V., a leading distributor, formulator, and solutions provider of speciality chemicals and ingredients, announced that IMCD has signed an agreement to acquire 100% of the shares of the speciality distribution company, Euro Chemo-Pharma Sdn Bhd and its wholly owned subsidiary, Biofresh Green Sdn Bhd. Euro Chemo-Pharma was founded in Malaysia in 1975, offering a … Read more
BASF has announced an investment in the production of water-based anode binders to support the lithium-ion battery industry. The new binders will be produced at two existing dispersion plants in Jiangsu and Guangdong, China. In addition to their existing product portfolios, the two plants will produce two innovative anode binders: Licity® and Basonal Power® based … Read more
Allkem and Livent, two lithium companies, are set to merge and form the world’s third-largest miner of lithium, a key metal used in batteries that power electric vehicles and high-tech devices. This all-share merger creates a new company with a valuation of US$10.6 billion and a projected production capacity of 248,000 tonnes of lithium carbonate … Read more
DSM and Firmenich have completed their merger, resulting in the creation of DSM-Firmenich, a new company that combines the strengths of both firms. The merger will allow the company to offer a more extensive range of products and services to its customers in four distinct business units. Business Units of DSM-Firmenich The four business units … Read more
Arkema, a leading chemical company, has released its financial results for Q1 2023. Despite continued low volumes and weak demand in Europe, the company has achieved a solid financial performance in line with its full-year guidance for 2023. Sales Decline, But Prices Remain Resilient Arkema reported sales of €2.5 billion for the first quarter of … Read more
Canlak Coatings Inc., a portfolio company of SK Capital Partners and leading formulator and manufacturer of high-quality wood coating systems announced the acquisition of Ceram-Traz Corporation d.b.a Ceramic Industrial Coatings. Ceramic Industrial Coatings is a manufacturer of proprietary wood coating systems and related CASE (coatings, adhesives, sealants, and elastomers) products. The acquisition of Ceramic Industrial … Read more
Kemira Oyj announced the closing of the divestment of most of its colorants business to ChromaScape. Kemira signed a definitive agreement to sell its colorants dye business to US-based ChromaScape, LLC in September 2022. The revenue of the business in 2022 was approximately 50 MEUR and 59 employees will be transferred to ChromaScape as part … Read more
Evonik has begun construction of a new production plant for alkoxides in Southeast Asia. The mid-double-digit million-euro investment will enhance supply security for customers in the region and further strengthen the company’s global alkoxides business. The company is expanding its production capabilities in response to the growing demand for alkoxide catalysts, which are primarily used … Read more
DuPont, a leading chemical company, has reported an 8% decrease in net sales in the recent quarter. This decrease was primarily due to a 3% decline in organic sales, along with 3% currency headwinds and a 2% unfavorable portfolio impact. The decline in organic sales was largely due to a 7% decrease in volume, which … Read more
Covestro, a leading global supplier of high-performance polymer materials, reported its first quarter 2023 results. Despite a challenging business environment and weak demand, the company exceeded its own and analysts expectations. Group sales were down 20.1% to EUR 3.7 billion, and EBITDA was 64.5% lower year over year at EUR 286 million. However, the company’s … Read more
BASF, a leading chemical company headquartered in Germany, recently released its first-quarter statement for the 2023 business year, reporting sales of €20.0 billion, which is down by €3.1 billion compared to the prior-year quarter. Despite a challenging economic environment, the company’s EBIT before special items of €1.9 billion were significantly above average analyst estimates. Sales … Read more
Dow Inc., a leading chemicals and materials manufacturer, reported a loss of $93 million in Q1 2023. This compares to a profit of $1,569 million in the same period a year ago. The company saw lower sales across its segments in the quarter due to weaker macroeconomic activity globally, which resulted in a 22% year-over-year … Read more
Akzo Nobel, a Dutch paints and coatings manufacturer, has reported better-than-expected demand in Europe and China as its first-quarter operating profit exceeded forecasts. The company attributed the positive results to higher prices and the reopening of China’s economy. While the company had raised prices to offset the steep raw material costs last year, it had … Read more
Orion Engineered Carbons, a specialty chemicals company, announced that cogeneration technology that produces renewable energy has been installed at its Ivanhoe plant in the southern U.S. state of Louisiana, making the facility more efficient, reliable, and sustainable. The cogeneration system, which includes a steam turbine generator, uses the waste steam from the carbon black plant’s … Read more
Henkel has signed an agreement on the sale of its business activities in Russia to a consortium of local financial investors. In April 2022, the company announced the decision to exit from Russia. The consortium that acquires the Henkel business activities in Russia includes Augment Investments, Kismet Capital Group, and Elbrus Services. All acquirers have … Read more
Ion Exchange (India) announced on 20 April 2023 that its Board of Directors has approved a proposal to invest in and acquire a Portuguese company named MAPRIL – Produtos Químicos e Maquinas Para a Industria, Lda. The acquisition will be made by purchasing 11,11,500 equity shares, which represents 100% of the issued and paid-up equity … Read more
Petronas Chemicals Group Bhd (PCG) has reported a strong performance in 2022, despite geopolitical conflicts, market volatilities, and industry challenges. The company is now focusing on expanding its specialties portfolio after its acquisition of Sweden-based Perstorp Group. PCG’s new specialty chemicals division will manage and steer critical strategic priorities supporting the group’s long-term aspirations in … Read more
Barentz International, a leading global life science and performance materials ingredients distributor has, in close collaboration with its joint venture partner, Tovani Benzaquen, expanded its activities in South America. The company proudly announces the acquisition of Metachem Industrial e Comercial Ltda and its associate Chemtra Comercial Importação e Exportação Ltda., considered one of the main … Read more
Toray Industries, a multinational corporation specializing in advanced materials and chemicals, announced the successful development of the world’s first mass-production technology for rare-earth-free zirconia balls. These highly durable balls have the ability to grind and mill ceramic materials for multilayer ceramic capacitors (MLCCs) and electrode materials for lithium-ion batteries. The technology breakthrough will enhance the … Read more