Solvay S.A. (Brussels, Belgium; www.solvay.com) has reached an agreement to sell its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone. “The divestment of Acetow is another significant step in Solvay’s transformation towards a multi-specialty chemical group…
Lonza (Basel, Switzerland; www.lonza.com) and the PolyPeptide Group jointly announced today that PolyPeptide Laboratories Holding (PPL) has entered into a definitive agreement to acquire the peptides business and operations of Lonza in Braine-l’Alleud, Belgium. Lonza’s Braine facility, with approximately 280…
INEOS Styrolution, (Frankfurt, Germany; www.ineos-styrolution.com) has revealed plans to expand the company’s plant in Altamira, Mexico responding to growing demand in the Americas region. The copolymer plant produces a variety of ABS (acrylonitrile butadiene styrene) and ASA (acrylonitrile styrene acrylate)…
Showa Denko K.K. (SDK; Tokyo, Japan; www.sdk.co.jp) has developed new-grade products to be added to the lineup of its high-purity solvents, “Solfine” series, and decided to install a new purification plant to produce the new-grade products at its Tokuyama Plant…
CB&I (The Woodlands, Tex.; www.cbi.com) has been awarded a contract by Naftna Industrija Srbije (NIS) for the engineering, procurement and construction management of a delayed coker unit in Pancevo, Serbia. CB&I previously announced an award of the technology license and…
Borealis AG (Vienna, Austria; www.borealisgroup.com) and Algerian industrial group Asmidal signed a Memorandum of Understanding on 22 November 2016. The document reflects the parties' interest in evaluating opportunities to jointly develop a melamine production project in Algeria. A feasibility study…
Siemens AG (Munich, Germany; www.siemens.com) Managing Board member Lisa Davis has been appointed Chair and CEO of Siemens Corp., USA, effective January 1, 2017. The current CEO, Eric Spiegel (59), will leave the company, effective the same date. The appointment…
Rogers Corp. (Rogers, Conn.; www.rogerscorp.com), a global leader in engineered material solutions, announces the acquisition of DeWAL Industries, a leading manufacturer of high performance polymer films and pressure sensitive tapes. DeWAL’s business is highly complementary to Rogers’ Elastomeric Material Solutions…
The Occupational Safety and Health Administration (OSHA; www.osha.gov) issued Recommended Practices for Safety and Health Programs in Construction to help industry employers develop proactive programs to keep their workplaces safe. The recommendations may be particularly helpful to small- and medium-sized…
Gurit Holding AG (Wattwil, Switzerland; www.gurit.com) announced that it has acquired BASF`s PET (polyethylene terephthalate) structural foam business for an undisclosed purchase price. The transaction comprises BASF`s PET operations in Italy, including its staff, operating assets and product IP in…