MAIRE Tecnimont S.p.A., a leading player in the engineering and construction of plants in the energy, infrastructure, and petrochemical sectors, announced the completion of the acquisition of an 83.5% stake in Conser. The acquisition was made through its subsidiary NextChem Holding S.p.A. The technology licensor and process engineering design company based in Rome, Italy, was … Read more
Anupam Rasayan India Ltd, a chemical manufacturer, announced on Thursday that it has signed a letter of intent (LoI) worth $182 million (Rs 15 billion) with a leading Japanese multinational to produce and supply three high-value specialty chemicals. New Molecules for Specialised Polymers and Liquid Crystals The three molecules to be manufactured by Anupam Rasayan … Read more
Royal DSM, a global science-based company focused on health and nutrition, has announced the completion of the sale of its Engineering Materials business to Advent International and LANXESS for an enterprise value of €3.85 billion. The sale agreement was first announced on May 31, 2022. Divestment of Materials Businesses The transaction covers all of DSM’s … Read more
BASF, a leading chemical company, announced its plan to establish compounding capacities for its certified compostable biopolymer ecovio® in Shanghai, China. The move is aimed at better supporting local customers in Asia and meeting their needs for film applications, including certified compostable shopping and organic waste bags, soil-biodegradable agricultural mulch films, and packaging. Benefits for … Read more
Indigo Paints, one of India’s leading paint companies, has acquired a 51% controlling stake in Apple Chemie India Private Limited (ACIPL), a rapidly growing firm specializing in construction chemicals and waterproofing. The acquisition was a combination of primary capital infusion and secondary share purchase transactions with the promoters, with Indigo Paints having the option to … Read more
ExxonMobil said it is investing nearly INR 9 billion (USD $110 million) to build a lubricant manufacturing plant at the Maharashtra Industrial Development Corporation’s Isambe Industrial Area in Raigad. The company made the announcement in the presence of Deputy Chief Minister Devendra Fadnavis, Industry Minister Uday Samant, and senior officials from Maharashtra. • Investing nearly … Read more
Evonik has officially begun construction of its $220 million global-scale production facility for pharmaceutical specialty lipids in Lafayette, Indiana, in the United States. The new facility is expected to secure the industry’s access to critical excipients needed for mRNA vaccines and other nucleic acid therapies. The plant is scheduled to go onstream in 2025. “Our … Read more
Croda India, a wholly-owned subsidiary of UK-based Croda International Plc and a leading player in specialty chemicals, has announced plans to construct a new manufacturing facility at Dahej in the state of Gujarat. The company has earmarked an investment of Rs 5 billion for the first phase of the project, which will focus on producing … Read more
Evonik Catalysts has announced its plans to increase production capacities for its activated nickel powder catalysts marketed under the KALCAT and Metalyst brands. The company is set to expand its production sites in Hanau, Germany, and Dombivli, India in response to the growing demand for precious metal-free powder hydrogenation catalysts in the pharmaceutical, agrochemical, and … Read more
International private equity firm, Cinven, announced that it has signed an agreement with Sika AG to acquire MBCC Group’s Admixtures business. MBCC Admixtures is a leading global manufacturer of concrete admixtures, as well as other sustainable solutions for the construction industry. The business provides value-added technology and chemistry expertise to improve the performance of construction … Read more
Anupam Rasayan, a leading manufacturer of specialty chemicals in India, has signed a memorandum of understanding (MoU) with the Government of Gujarat to set up three new chemical plants. The company will invest Rs. 67 billion in the brownfield expansions, which will be located in Surat and Bharuch in Gujarat. The plants are expected to … Read more
Nouryon announced that it has commissioned a chlorine dioxide plant to modernize and expand the Arauco pulp mill in Chile. The project, called the MAPA project, is a $2.35 billion pulp mill and is the largest industrial project in the Biobío region. The new plant adds 1.56 million tons per year of eucalyptus pulp capacity … Read more
Corrosion Innovations, LLC, a leading global player in the corrosion-prevention industry, announced on March 16, 2023, that it has acquired the ChlorRid™ product line from Milliken & Company, a major player in the coatings additives business. The ChlorRid™ product line includes surface decontamination, passivation products, and salt testing kits for soluble salt detection and removal. … Read more
Univar Solutions Inc. and Apollo announced that funds managed by affiliates of Apollo have entered into a definitive merger agreement to acquire the Company in an all-cash transaction that values the Company at an enterprise value of approximately $8.1 billion. The transaction includes a minority investment from a wholly-owned subsidiary of the Abu Dhabi Investment … Read more
Toyo Ink SC Holdings Co., Ltd., the Japan-based parent company of the specialty chemicals company Toyo Ink Group, announced that, on March 10, 2023, it and its consolidated subsidiary Toyo Ink (Thailand) Co., Ltd. concluded a share purchase agreement to wholly acquire Thai Eurocoat Ltd., the top manufacturer of external coatings for non-printed cans in … Read more
German chemical company BASF has started producing its first bio-based polyol, Sovermol®, at its Mangalore site in India. The product meets the increasing demand for eco-friendly solutions in various industries, such as New Energy Vehicles (NEV), windmills, flooring, and protective industrial coatings in the Asia Pacific region. The Sovermol production facility is operational after comprehensive … Read more
Specialty chemical manufacturer Solenis and hygiene solutions provider Diversey Holdings have announced a definitive merger agreement, in which Solenis will acquire Diversey in an all-cash transaction valued at approximately $4.6 billion. Following the merger, Diversey will become a private company. Solenis, headquartered in Wilmington, Delaware, was acquired by Platinum Equity in 2021 and produces specialty … Read more
The Momentive Performance Materials group (Momentive) announced a growth investment to build a new manufacturing facility in Rayong, Thailand. Breaking ground on what will be home to a new state-of-the-art facility, this new site will expand Momentive’s manufacturing capacity to serve the growing Southeast Asian market demand for specialty silicones in industries including beauty and … Read more
Aimia Inc. has signed an agreement to acquire Giovanni Bozzetto S.p.A., also known as Bozzetto Group, from Chequers Capital and other minority shareholders. The purchase price is based on an enterprise value of approximately $328 million and is expected to be financed with a combination of cash and debt. The executive management team of Bozzetto … Read more
Sumitomo Chemical India Limited recently faced an accident at their Bhavnagar site in Gujarat on February 24, 2023. Following this incident, the Gujarat Pollution Control Board (GPCB) issued an order on its website, instructing the company to restrict and close its operations at the Bhavnagar site. The GPCB has set certain conditions that the company … Read more