Praxair, Inc. (Danbury, Conn.; www.praxair.com) has confirmed that it is currently in preliminary discussions with Linde AG (Munich, Germany; www.the-linde-group.com) regarding a potential merger. According to Praxair, these discussions are ongoing, and there can be no assurance that they will…
Lonza (Basel, Switzerland; www.lonza.com) has agreed to acquire InterHealth Nutraceuticals, Inc. (Benicia, Calif.), a leader in research, development, manufacture and marketing of value-added nutritional ingredients for use in dietary supplements. InterHealth is a portfolio company of Kainos Capital. “With this…
GE’s Power Services business (Baden, Switzerland; powergen.gepower.com) will provide Russian chemicals producer OJSC TogliattiAzot (ToAZ) with parts to upgrade two GE industrial steam turbines at the company’s ammonia production facility in the city of Togliatti, Russia. GE also will supply…
Ashland Inc. (Covington, Ky.; www.ashland.com) announced that Osama Musa, vice president, global research and development (R&D), has been promoted to the newly created position of chief technology officer. He also assumes leadership responsibility for Advanced Materials. Recently while leading R&D…
Yara International ASA (Oslo, Norway; www.yara.com) has entered into an agreement to acquire the Tata Chemicals Ltd. (TCL; Mumbai; www.tatachemicals.com) Babrala urea plant and distribution business in Uttar Pradesh for $400 million on a debt and cash free basis, including…
Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) and Compañía Española de Petróleos S.A.U. (Cepsa; Madrid, Spain; www.cepsa.com) announced the expansion of their strategic partnership with the signing of an exclusive supply agreement for meta-xylene, a key feedstock for the…
Sekisui Plastics USA, a subsidiary of Sekisui Plastics Company, Ltd. (Osaka, Japan; www.sekisuiplastics.com) has announced the establishment of a new corporation in Mexico, Sekisui Plastics Mexico, S.A. de C.V., and the opening of its new $7 million manufacturing facility in…
KBR, Inc. (Houston; www.kbr.com) has been awarded a construction contract by The Chemours Co. (Wilmington, Del.; www.chemours.com) for the construction of its new Opteon YF (HFO-1234yf) facility in Corpus Christi, Tex., USA. Under the terms of the contract, KBR will…
Johnson Matthey (London; www.matthey.com) and 3M (St. Paul, Minn.; www.3m.com) have entered into a patent license agreement that aims at further expanding the use of Nickel-Manganese-Cobalt (NMC) cathode materials in lithium-ion batteries (LIB) for automotive applications. Under the agreement, 3M…
Zeon Corp. (Tokyo, Japan; www.zeon.co.jp) and Sumitomo Chemical Co. (Tokyo; www.sumitomo-chem.co.jp) have reached a basic agreement to commence a joint study on possible consolidation of both companies’ Solution Styrene Butadiene Rubber (S-SBR) businesses. Zeon Corp. and Sumitomo Chemical will look…