Formosa Mitsui Advanced Chemicals Co. (FMAC), a joint venture of Mitsui Chemicals Inc. (MCI; Tokyo; www.mitsuichem.com) and Formosa Plastics Corp. (FPC) announced the startup of its lithium-ion battery-use electrolyte solution production facilities. Demand for lithium-ion batteries has expanded in line…
Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) announced the completion of the joint venture of IVL’s PET Company, Micro Polypet Private Ltd. (MicroPet), in India with Dhunseri Petrochem Ltd. (Dhunseri). Simultaneously, IVL has acquired a 50% stake in Dhunseri’s PET…
Teijin Ltd. (Tokyo, Japan; www.teijin.com)has agreed to acquire Continental Structural Plastics Holdings Corp. (CSP), a leading automotive composite supplier in North America, for $825 million. CSP will become a wholly owned subsidiary of Teijin. Through this acquisition, Teijin intends to…
Evonik Industries (Essen, Germany; www.evonik.com)recently broke ground in Marl, Germany for construction of a new production plant for specialty polyamide 12 (PA12) powders. The specialty chemicals company will thus increase annual capacity for its Vestosint brand of PA12 powders by…
Rockwell Automation (Milwaukee, Wis.; www.rockwellautomation.com) has acquired Automation Control Products (ACP), a leading provider in centralized thin client, remote desktop and server management software. ACP’s two core products, ThinManager and Relevance, provide manufacturing and industrial leaders with visual display and…
Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) will invest over €50 million in its Andalusian chemical plants in 2016 (€30.1 million at its plants in San Roque, Cádiz, and €20 million in Palos de la Frontera, Huelva), to…
LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com) has selected its La Porte, Tex., manufacturing complex as the site for a new High Density Polyethylene (HDPE) Plant. The plant will be the first commercial plant to employ LyondellBasell's new proprietary Hyperzone PE technology…
3M (St. Paul, Minn.; www.3m.com) has entered into an agreement to sell the assets of its temporary protective films business to Pregis LLC. 3M’s temporary protective films business is a provider of adhesive-backed temporary protective films used in a broad…
Air Liquide (Paris, France; www.airliquide.com) has completed the divestiture of certain U.S. assets to Matheson Tri-Gas, Inc. (www.mathesongas.com) first announced on June 24, 2016, and cleared by the U.S. Federal Trade Commission (FTC) in a decision published on September 1, 2016. This…
SABIC (Riyadh, Saudi Arabia; www.sabic.com) has entered into a share purchase agreement to divest its Polymershapes distribution business to Blackfriars Corp., a privately-held investment company. The transaction remains subject to customary closing conditions and is expected to be completed during…