Latest News: Business
Rayonier Advanced Materials and Borregaard form JV for lignin-based products
Rayonier Advanced Materials (RYAM; Jacksonville, Fla.; www.rayonieram.com) announced that it has entered into a non-binding letter of intent with Borregaard ASA (Sarpsborg, Norway ; www.borregaard.com) to form a joint venture (JV) at its site in Fernandina Beach, Fla. for the…
Aveva acquires fabrication software provider FabTrol Systems
Aveva (Cambridge, U.K.; www.aveva.com) announced that it has agreed to acquire FabTrol Systems, Inc. from the Dowco Group. The acquisition is expected to complete in late June. FabTrol is a software business, headquartered in Eugene, Ore., with operations in North…
Bayer MaterialScience to be called Covestro
Bayer AG (Leverkusen, Germany; www.bayer.com) has announced that the new name of its MaterialScience business will be Covestro. The name change will be effective on September 1, 2015. Bayer intends to float Covestro on the stock market by mid-2016…
Ashland to divest industrial biocides assets
Ashland Inc. (Covington, Ky.; www.ashland.com) announced that it has signed a definitive agreement to sell the industrial biocides assets within Ashland Specialty Ingredients to Troy Corp., a global leader in microbial control products and performance additives. The transaction is expected…
Mexichem to expand specialty PVC capacity in Germany
Vestolit, a subsidiary of Mexichem S.A.B. de C.V. (Tlalnepantla, Mexico; www.mexichem.com) announced today that is moving forward to expand its production of specialty-paste polyvinyl chloride (PVC) in Marl, Germany. Vestolit will build a new production line of 40,000 metric tons/year…
KBR and Exelus sign technology licensing agreement
KBR Inc. (Houston; www.kbr.com) has signed an alliance agreement with Exelus, Inc. (Livingston, N.J.; www.exelusinc.com), a leading developer of green chemical technologies, to allow KBR to exclusively license Exelus' Solid Acid Catalyst (ExSact) for KBR's Solid Acid Alkylation Technology…
CD-adapco joins PSRI consortium for particle-flow simulations
CD-adapco (London, U.K.; www.cd-adapco.com), the largest privately held CFD-focused provider of computer aided engineering (CAE) software, announced today it is joining the consortium with Particulate Solid Research, Inc. (PSRI; Chicago, Ill.; www.psrichicago.com). CD-adapco will provide state-of-the-art engineering simulation tools…
AkzoNobel to build coatings-manufacturing plant in Thailand
AkzoNobel (Amsterdam, the Netherlands; www.akzonobel.com) has announced plans to invest more than €30 million in a manufacturing facility in Thailand to support regional growth of its Performance Coatings business. The project, which is being supported by the Thailand Board of…
KBR awarded contract for revamp of seven ammonia plants in Russia
KBR, Inc. (Houston; www.kbr.com) announced that it has been awarded a contract by OJSC Togliattiazot (ToAZ) to provide licensing, basic engineering design, front-end engineering and design services to revamp ToAZ's existing seven ammonia plants in Togliatti, Samara region, Russia. Under…
ICL divests pharma, cosmetics and gypsum business unit
ICL’s (Tel Aviv, Israel; www.icl-group.com) Performance Products segment (ICL PP) has agreed to sell its Germany-based Pharma, Cosmetics and Gypsum (PCG) business to an affiliate of One Rock Capital Partners (New York, N.Y.). The share and asset purchase transaction is…