3M (St. Paul, Minn.; www.3m.com) announced that it will acquire, through Sumitomo 3M, Sumitomo Electric Industries Ltd.’s 25% percent interest in Sumitomo 3M Ltd. for approximately $885 million. Upon completion of the cash transaction, 3M will own 100% of Sumitomo…
Stepan Co. (Northfield, Ill.; www.stepan.com), through its subsidiary in Brazil, has reported that it has reached an agreement with Procter & Gamble do Brasil S.A. to acquire their sulfonation production facility in Bahia, Brazil subject to approval by the Brazilian…
Albemarle Corp. (Baton Rouge, La.; www.albemarle.com) and Rockwood Holdings, Inc. have announced that they have entered into a definitive agreement under which Albemarle will acquire all outstanding shares of Rockwood in a cash and stock transaction valued at approximately $6.2…
Elevance Renewable Sciences, Inc. (Woodridge, Ill.; www.elevance.com) has announced a new collaboration with Genting Plantations Berhad through Genting Integrated Biorefinery Sdn Bhd (GIB), to be located in the Palm Oil Industrial Cluster (POIC) in Lahad Datu, Sabah, Malaysia. The…
EuroChem (Moscow, Russia; www.eurochem.ru) has announced the launch of phosphate ore production at the Kok-Jon phosphate rock deposit in the Jambyl region, Kazakhstan. The EuroChem project in Kazakhstan has already produced around 20,000 metric tons (m.t.) of phosphate ore, which…
Evonik Industries AG (Essen, Germany; www.evonik.com) and Jiangsu Zhongneng Polysilicon Technology Development Co. Ltd., a wholly owned subsidiary of GCL-Poly Energy Holdings Limited (GCL-Poly), have signed a letter of intent to establish a joint venture for the production of fumed…
The Polynt Group, a producer of polymer intermediates and specialties, and an Investindustrial portfolio company, has announced its intention to acquire CCP Composites from Total S.A. (Courbevoie, France; www.total.com), the French integrated oil-and-gas company. CCP Composites manufactures unsaturated polyester resins,…
Sika AG (Baar, Switzerland; www.sika.com) has opened a new plant in Aparecida de Goiânia, state of Goiás, mid-western Brazil, which is the seventh plant in this country. The new plant will supply the construction industry in Goiás, one of the…
ICL’s Spanish subsidiary, ICL Iberia (Catalonia, Spain) and AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) signed a non-binding memorandum of understanding to collaborate on the longterm production and marketing of vacuum salt and white potash. The MOU calls for the production and…
Alpek S.A.B. de C.V. (San Pedro Garza Garcia, Mexico; www.alpek.com) and BASF SE (Ludwigshafen, Germany; www.basf.com) have announced that they have signed agreements concerning the EPS (expandable polystyrene) and PU (polyurethane) business activities of their Polioles joint venture in Mexico,…