Ashland Inc. (Covington, Ken.; www.ashland.com) has opened its new gelcoats production facility in the Chemical Industry Park of Changzhou Yangtze Riverside Economic Development Zone. This $60 million dollar facility, which is Ashland’s most advanced gelcoats plant in the world, serves…
Solazyme, Inc. (South San Francisco, Calif.; www.solazyme.com), a renewable oil and bioproducts company, and Sasol Olefins & Surfactants have announced that they have finalized commercial terms for the supply of an algal oil rich in erucic acid (C22:1) that is…
Ametek, Inc. (Berwyn, Pa.; www.ametek.com) has announced that it has acquired Controls Southeast, Inc. (CSI), a manufacturer of custom-engineered thermal solutions, from Industrial Growth Partners for approximately $160 million. Based near Charlotte, NC, Controls Southeast has annual sales of approximately…
Parchem Fine & Specialty Chemicals (New Rochelle, N.Y.; www.parchem.com) has announced a newly formed strategic alliance with Nexira (Rouen Cedex, France; www.nexira.com). Nexira is a supplier of innovative natural ingredients for the food, nutrition and health industries. The synergy of…
ABB (Zurich, Switzerland; www.abb.com), a power and automation technology group, announced today the acquisition of Alstom’s ring motor business to enhance its gearless mill drive (GMD) system business. The parties agreed not to disclose financial details of the transaction. The…
Sibur (Moscow, Russia; www.sibur.com) a gas processing and petrochemicals company and China Petroleum and Chemical Corporation (Sinopec Corp.), a major global petroleum and petrochemical enterprise group entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber…
Foster Wheeler AG (Zug, Switzerland; www.fwc.com) has announced that a subsidiary of its Global Engineering and Construction Group has been awarded an engineering, procurement and construction (EPC) contract by Enterprise Products Operating LLC (“Enterprise”), a subsidiary of Enterprise Products Partners…
Neville Venture (Pittsburgh, Pa. www.nevchem.com), a joint venture between US-based companies GTC Technology and Neville Chemical Co., has signed a strategic partnership agreement with Versalis (Eni) for the production of hydrocarbon resins at Versalis’s plant in Priolo, Italy. GTC also…
Specialty chemical maker Clariant (Muttenz, Switzerland; www.clariant.com) is proceeding with a 50% expansion in capacity at its Azo pigments and pigment preparations plants in Roha, India. This recently approved investment will also enhance the capabilities and output at the site…
Pexco LLC (Atlanta, Ga.; www.pexco.com), a North American specialty plastics extruder-processor, has acquired Scandia Plastics, Inc. of Plaistow, New Hampshire. Scandia is a custom extrusion business specializing in high-performance thermoplastic extrusions and down-stream machining capabilities. Scandia sells to the filtration,…