Axens (Rueill-Malmaison, France; www.axens.net) announced that Taiwan-Japan Oxo Chemical Industries Inc. (TJOCI) will use Axens’ technologies and catalysts for its isononyl alcohol (INA) production plant. On February 11th 2015, CPC, KH Neochem (KHNC) and Mega International Commercial Bank (MICB) signed…
Banner Engineering (Minneapolis, Minn.; www.bannerengineering.com) has announced the opening of a new production plant, located at the Millennium Industrial Park in San Luis Potosi, Mexico. The new facility features 30,000 square feet of production space and 10,000 square feet of…
Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) and India’s Dhunseri Petrochem Ltd. (Dhunseri) have agreed to enter into an equal joint venture (JV) to manufacture and sell polyethylene terephthalate (PET) resins for Indian domestic markets and for exports. Dhunseri…
Axiall Corp. (Atlanta, Ga.; www.axiall.com) has signed an agreement to sell certain assets of its compound additives business, known as Solucor, and its manufacturing facility located in Bradford, Ontario, to Galata Chemicals (Southbury, Conn.; www.galatachemicals.com). The transaction is expected to…
Team, Inc. (Houston; www.teaminc.com) and Furmanite Corp. (Houston; www.furmanite.com) announced that stockholders of each company overwhelmingly approved their respective merger proposals related to the proposed combination of Furmanite and Team.. More than 96% of the shares voting at the Furmanite…
Technip (Paris, France; www.technip.com) has entered into a contract to supply its proprietary ethylene technology, process design package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals, for a grassroots gas cracker with…
Effective May 1, 2016, Werner Baumann will become the new Chairman of the Board of Management of Bayer AG (Leverkusen, Germany; www.bayer.com). The current CEO of Bayer AG, Marijn Dekkers, proposed to the Supervisory Board that his contract be dissolved…
Panasonic Corp. (Osaka, Japan; www.panasonic.com) announced that it will start mass production of polybutylene terephthalate (PBT) molding compounds for laser welding in March 2016, a move that will contribute to the enhancement of longterm reliability and the flexibility of design…
GFBiochemicals Ltd. (Milan, Italy; www.gfbiochemicals.com) acquires assets and intellectual properties of Segetis, the main producer of levulinic acid derivatives in the U.S. The acquisition allows GFBiochemicals to become a producer of a wide range of bio-based products using levulinic acid.…
Perstorp Holding AB (Malmö, Sweden; www.perstorp.com) announced the signing of an MoU with MIDC (Maharashtra Industrial Development Corp.), wherein the company initiates the process of evaluating the opportunity to invest in a new world-scale production plant for pentaerythritol (Penta) in…