Solvay SA (Brussels, Belgium; www.solvay.com) has signed a definitive agreement to sell its 58.77% stake in its Thai subsidiary Vinythai PCL to Japanese company Asahi Glass (AGC; Tokyo; www.agc.com), thereby exiting its Asian polyvinyl chloride (PVC) activities. The transaction is…
Technip (Paris, France; www.technip.com) has extended its successful exclusive PTA alliance with BP plc (London; www.bp.com) to include Acetic Acid. The Acetic Acid Alliance, relevant to front-end loading (FEL) 1 and 2 stages of fully owned and joint-venture projects developed…
Corbion (Amsterdam, the Netherlands; www.corbion.com) has agreed to sell its Breddo-Likwifier division to Ensight Solutions LLC (a wholly-owned subsidiary of AmProd Holdings LLC) in order for Corbion to focus on high value-add food ingredients. The sale was effective on December…
Evonik Industries AG (Essen, Germany; www.evonik.com) is building a production plant for precipitated silica in South Carolina to supply the tire industry. The industry needs high-quality precipitated silica for producing fuel-efficient tires with good wet grip properties, which can save…
KBR, Inc. (Houston; www.kbr.com) announced that in the first quarter of 2017, Mark Sopp will join the company as Chief Financial Officer (CFO). Current CFO Brian Ferraioli has decided to retire to spend more time with family. Ferraioli and Sopp…
Avery Dennison Corp. (Glendale, Calif.; www.averydennison.com) announced it has agreed to acquire Hanita Coatings, a pressure-sensitive materials manufacturer of specialty films and laminates from Kibbutz Hanita Coatings and Tene Investment Funds for the purchase price of $75 million, subject to…
The Lenzing Group (Lenzing, Austria; www.lenzing.com) aims to increase the share of specialty fibers as a percentage of revenue to 50% by 2020. Following the previously announced expansion plans for Lenzing, Heiligenkreuz (Austria) and Grimsby (Great Britain), the Supervisory Board…
Eastman Chemical Co. (Kingsport, Tenn.; www.eastman.com) announced that its wholly owned subsidiary Taminco BVBA has reached an agreement to acquire the 50% of shares of Te An Ling Tian Fine Chemical Co., Ltd. (TALT), its joint venture with Mitsubishi Gas…
Linde North America (Bridgewater, N.J.; www.lindeus.com) announced the startup of its new carbon dioxide (CO2) plant in Fort Worth, Tex. The 250 ton-per-day plant is supplying CO2 for food and beverage producers, chemical manufactures as well as a variety of…
Umicore N.V. (Brussels, Belgium; www.umicore.com) has signed a share purchase agreement to acquire 100% of Eurotungstene (Grenoble, France), a company within the Eramet Group specialized in developing, manufacturing and marketing metal powders used in diamond tools and hard metal applications.…