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Latest News: Business

Chandra Asri and Michelin partner on new synthetic rubber manufacturing plant

PT Chandra Asri Petrochemical Tbk (CAP; Jakarta, Indonesia; www.chandra-asri.com) along with Compagnie Financière Michelin (Michelin) have formed a partnership for the inauguration of a synthetic rubber plant ,which is managed by PT Synthetic Rubber Indonesia (SRI). This partnership is a…

Autodesk to acquire U.K.-based software company Delcam

Autodesk, Inc. (Mill Valley, Calif.;www.autodesk.com) has announced its intention to acquire Delcam (Birmingham, U.K.; www.delcam.com), a supplier of advanced software for the manufacturing industry. Autodesk plans to acquire Delcam for £20.75 per share, or approximately £172.5 million. The transaction will be…

Mitsui Chemicals expands polypropylene capacity in North America

Mitsui Chemicals Group (Tokyo; www.mitsuichem.com) and Prime Polymer, a Mitsui Chemicals subsidiary, have announced expansions to polypropylene production in the U.S. and Mexico, to meet the growing demands of the automotive sector. The U.S. expansion will increase production at the…

KBR to execute study on ammonia plant revamp in Algeria

KBR, Inc., (Houston; www.kbr.com), a global engineering, construction and services company, announced that it has been awarded a contract by Fertial SpA to conduct a study that will improve safety, reliability and energy efficiency of two Algerian ammonia plants. The…

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Stamicarbon to provide technology to SOCAR  

Stamicarbon B.V. (Sittard, The Netherlands; www.stamicarbon.com) , the Licensing and IP Center of Maire Tecnimont S.p.A, has signed contracts with Samsung Engineering for a urea synthesis plant and a urea granulation plant for The State Oil Company of Azerbaijan Republic…

Versalis and Lotte form JV for elastomers

Eni S.p.A. (Rome; www.eni.com) chemical subsidiary Versalis and Lotte Chemical (Seoul; www.english.lottechem.com) have established a 50:50 joint venture (JV) under the name Lotte Versalis Elastomers Co., Ltd. The new joint venture will be headquartered in Yeosu, South Korea, and will…

Chemtura dedicates new plant for urethanes and petroleum additives in China

Global specialty chemicals company Chemtura Corp. (Philadelphia, Pa.; www.chemtura.com) has opened its new multipurpose manufacturing facility in the Nantong Economic and Technological Development Area in Nantong, China.  The state-of-the-art facility, located in Jiangsu Province 80 miles northwest of Shanghai, will…

Flotek and Tasneea form partnership to manufacture oilfield chemicals in Oman

Flotek Industries, Inc. (Houston, www.flotekind.com) and Tasneea Oil and Gas Technologies, LLC (www.tasneea-int.com), of Oman, have announced the execution of an agreement to establish an oilfield chemistry manufacturing company and a chemical research company in Oman to serve markets in…

OSHA proposes new rule to improve workplace injury and illness tracking

The U.S. Occupational Safety and Health Admin. (OSHA; www.osha.gov) has issued a proposed rule to improve workplace safety and health through improved tracking of workplace injuries and illnesses. The announcement follows the Bureau of Labor Statistics’ release of its annual…

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ThyssenKrupp to strengthen electrolysis business through planned JV  

ThyssenKrupp Industrial Solutions AG (Hamburgh, Germany; www.thyssenkrupp.com) has reached an agreement with De Nora (Milan, Italy) to establish a joint venture (JV). The companies intend to combine their engineering, procurement and construction activities for electrolysis plants under the name ThyssenKrupp…