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Latest News: Business

Lonza and Allevi to collaborate on advancement of bioprinting capabilities

Lonza Group (Basel, Switzerland; www.lonza.com) and Allevi (Philadelphia, Pa.; www.allevi3d.com) are collaborating to bring the elements needed for 3D bioprinting together. Combining Lonza’s primary cells and media with Allevi’s 3D bioprinters and bioink production capabilities will empower researchers with the…

Elkem to acquire Chinese silicone manufacturer Polysil

Elkem ASA (Oslo, Norway; www.elkem.com) has entered into an agreement to acquire all of the shares in Polysil, a leading Chinese silicone elastomer & resins material manufacturer with strong positions in baby-care and food-grade silicones, as well as silicone products…

Lenzing and Duratex to jointly build world-scale dissolving wood-pulp plant in Brazil

The Lenzing Group (Lenzing, Austria; www.lenzing.com) and Duratex, the largest producer of industrialized wood panels in the southern hemisphere, announce that they will jointly build a 500,000-ton dissolving wood-pulp plant in the State of Minas Gerais, near Sao Paulo (Brazil).…

Sumitomo completes construction of two catalyst manufacturing lines in Chiba

Sumitomo Chemical Corp. (Tokyo, Japan; www.sumitomo-chem.co.jp) has completed construction of two catalyst manufacturing lines in its Chiba Works location (Ichihara, Chiba, Japan) to meet the demand of companies licensing its polypropylene (PP) and propylene oxide (PO) manufacturing technology, in order…

Chemical Activity Barometer (CAB) is stable in December, ACC says

The Chemical Activity Barometer (CAB), a leading economic indicator created by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), was stable (0.0 percent change) in December on a three-month moving average (3MMA) basis following a 0.1 percent gain in November.…

Lone Star Funds to acquire BASF’s Construction Chemicals business

Today, BASF SE (Ludwigshafen, Germany; www.basf.com) and an affiliate of Lone Star Global Acquisitions, LLC (www.lonestarfunds.com), a global private equity firm, signed a purchase agreement for the acquisition of BASF’s Construction Chemicals business. The purchase price on a cash and…

U.S. specialty chemical markets continue 4th quarter on mixed note, ACC says

The American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) reported that fourth quarter U.S. specialty chemicals market volumes continue on a mixed note, with a 0.3 percent decline in November following a 0.1 percent gain in October. All changes in the…

U.S. chemical production fell in November, ACC says

According to the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com), the U.S. Chemical Production Regional Index (U.S. CPRI) fell by 0.8 percent in November after gains the previous three months. During November, chemical output declined across all regions, ACC says.…

Apergy to combine With Ecolab’s Nalco Champion business

Apergy Corp.(The Woodlands, Tex.; www.apergy.com) and Ecolab Inc. (St. Paul, Minn.; www.ecolab.com) announced that their Boards of Directors have approved a definitive agreement pursuant to which Ecolab will separate the Upstream Energy business of Nalco Champion (which is being renamed…

Altana Acquires Overprint Varnish Specialist Schmid Rhyner

Altana AG (Wesel, Germany; www.altana.com) is taking over the Swiss overprint varnish specialist Schmid Rhyner AG (Adliswil, Switzerland), thereby strategically expanding its ACTEGA division (www.actega.com). “In acquiring Schmid Rhyner, we are continuing to systematically pursue the Altana strategy of generating…