Latest News: Business
Praxair signs long-term supply contract for water-recycling plant in China
Praxair, Inc. (Danbury, Conn.; www.praxair.com), through its subsidiary Beijing Praxair Inc., has signed a long-term gas supply contract with Gao Bei Dian Water Recycling Plant of Beijing Drainage Group Co. Praxair will build, own and operate a vacuum pressure…
Jacobs awarded four-year EPCM contract by Sadara
Jacobs Engineering Group Inc. (Pasadena, Calif.; www.jacobs.com) announced that it was awarded a four-year contract by Sadara Chemical Company (Sadara) for engineering, procurement and construction management (EPCM) services. The contract value was not disclosed. Sadara is currently building the world’s…
Lanxess Corp. names new CEO
Lanxess AG (Cologne, Germany; www.lanxess.com) announced that Dr. Antonis Papadourakis will assume the responsibilities of president and chief executive officer (CEO) of LANXESS Corp. and Country Speaker for the NAFTA Region, effective July 1, 2015. Papadourakis, who has held the…
IMCD to acquire U.S.-based specialty-chemicals distributor MF Cachet
IMCD Group B.V. (Rotterdam, The Netherlands; www.imcdgroup.com) announced that it will acquire 80% of The M.F. Cachat Company, including 100% of MJS Sales, Inc. MF Cachat fits well with the IMCD business model and strategy and provides a significant platform…
Endress+Hauser plans complete takeover of Analytik Jena
The Endress+Hauser Group (Reinach, Switzerland; www.endress.com) announced plans for the complete takeover of German company Analytik Jena AG. The group is also interested in buying shares. “We are still prepared to acquire shares at a reasonable price,” announced Dr. Heiner…
Nippon Shokubai Europe to construct new plants to produce superabsorbent polymers and acrylic acid
Nippon Shokubai Co. (Osaka, Japan; www.shokubai.co.jp) has announced plans to construct new facilities for the production of superabsorbent polymers (SAP) and acrylic acid (AA) in Europe, under its Belgium-based subsidiary, Nippon Shokubai Europe N.V. (NSE). The new SAP and AA…
BASF to acquire Lanxess IP for novel polyisobutene production technology
BASF SE (Ludswighfen, Germany; www.basf.com) and Lanxess AG (Cologne, Germany; www.lanxess.com) have signed an agreement on BASF’s purchase from Lanxess of the polyisobutene business consisting mainly of intellectual property (IP)n for a new, innovative technology to produce high-molecular-weight polyisobutene (HM…
Stora Enso and Kemira begin construction on water-management pilot projects in China
Stora Enso Oyj (Helsinki, Finland; www.storaenso.com) and Kemira Oyj (Helsinki; www.kemira.com) have started the construction work for pilot projects addressing water-related issues in three villages in Guangxi Province in Southern China. The projects are part of Stora Enso and Kemira’s…
Evonik opens expanded oil-additives plant in Singapore
Evonik Industries AG (Essen, Germany; www.evonik.com) inaugurated its significantly expanded Jurong Island oil-additives plant in Singapore after two years of engineering, planning and construction. The capacity of the plant has nearly doubled, making it the largest oil-additives production site within Evonik’s…
Dow finalizes acquisition of Univation Technologies
The Dow Chemical Company (Midland, Mich.; www.dow.com) announced that it has closed on the acquisition of ExxonMobil Chemical Co.’s ownership share of Univation Technologies, LLC, previously a 50/50 joint venture with Dow. In October 2014, Dow and ExxonMobil announced jointly…