Mitsubishi Rayon Co. (Tokyo, Japan; www.mrc.co.jp) and Mitsubishi Plastics Inc. have agreed to integrate the Pitch-based Carbon Fiber Business of Mitsubishi Plastics and the Polyacrylonitrile (PAN) based Carbon Fiber Business of Mitsubishi Rayon with the purpose of enhancing the Carbon…
Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) has acquired the distribution and sale license for pharmaceutical grade hfc-227ea/p product for the regulated medical and pharmaceutical propellant market from DuPont fluorochemicals. For $4.1 million, Mexichem’s Mexichem Limited UK Ltd subsidiary, a…
BioAmber Inc. (Montreal, Canada; www.bio-amber.com), has announced that chief financial officer (CFO) Andrew Ashworth retired on December 31, 2014 and Francois Laurin has been hired to succeed Ashworth as the company's CFO. Andrew Ashworth is retiring after three and a…
Honeywell (Morristown, N.J.; www.honeywell.com) announced that it has started full-scale commercial production of a low global-warming-potential (GWP) material used as an aerosol propellant, insulating agent and refrigerant. The material, known by the industry designation HFO-1234ze and marketed by Honeywell under…
SRF Ltd. (New Delhi, India; www.srf.com), a refrigerant manufacturer in India, signed a binding agreement to purchase DuPont’s global HFC-134a regulated medical-pharmaceutical propellant business. This DuPont Fluorochemicals business is part of the Performance Chemicals segment of DuPont, which is anticipated…
Ferro Corp. (Mayfield Heights, Ohio; www.ferro.com) announced that it has completed the sale of the majority of the assets of its Polymer Additives business to Polymer Additives, Inc., a wholly owned portfolio company of H.I.G. Capital, LLC, for approximately $154 million in…
Sasol Ltd. (Johannesburg, South Africa; www.sasol.co.za) announced the completion of a $4 billion credit facility for its ethane cracker and derivatives at an existing site in Lake Charles, Louisiana. “Securing this financing facility is another key milestone in advancing a…
Momentive Performance Materials Inc. (Albany, N.Y.; www.momentive.com) has announced that John G. (“Jack”) Boss has been named chief executive officer (CEO) and president of the company and its indirect parent, MPM Holdings Inc., and that Bradley J. Bell has been…
The specialty chemicals group Altana AG (Wesel, Germany; www.altana.com) has acquired two companies in Brazil. As a result, the company’s Actega division now has its own sites in South America's largest country. Both of the acquired companies are owner-operated and…
Mitsui Chemicals Inc. (MCI; Tokyo; www.mitsuichem.com) and SKC Co. SKC Co. (Seoul, Korea) announced the signing of a 50/50 joint venture (JV) agreement to consolidate the polyurethane material businesses of both companies. The newly formed company will establish headquarters located…