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Latest News: Business

3M completes $650-million sale of drug-delivery business

3M (St. Paul,. Minn.) announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total consideration, including cash, an interest-bearing security, and…

Black & Veatch wins contract for biomass-recycling pilot project in Hong Kong

Hong Kong is embarking on a semi-research project to facilitate territory-wide recycling of woody waste material. The Environmental Protection Department (EPD) of the Government of the Hong Kong Special Administrative Region has appointed Black & Veatch (BV; Overland Park, Kan.) to be…

Trinseo acquires Synthomer’s vinyl pyridine latex business

Trinseo (Berwyn, Pa.) announced it has completed the acquisition of the vinyl pyridine latex (VP latex) business from Synthomer plc (London, U.K.). Trinseo funded the acquisition from cash on hand; the value of the transaction is not material to the…

Mitsubishi Chemical to acquire all shares of Gelest

Mitsubishi Chemical Corp. (MCC; Tokyo, Japan) announced that its New York-based subsidiary Mitsubishi Chemical America, Inc. (MCA) has entered into a definitive agreement to acquire all of the issued and outstanding shares of Gelest Intermediate Holdings, Inc., the parent of…

Mitsui Chemicals manufactures raw materials for isolation gowns and other PPE

Mitsui Chemicals, Inc. (Tokyo) has started to supply nonwovens as raw materials for isolation gowns in an effort to support health care providers on the front lines in medical facilities treating COVID-19 patients. This effort comes as the increasing spread…

Wood secures partnership agreement with Sasol South Africa

Wood plc (Aberdeen, Scotland) been appointed as an engineering partner in a five-year partnership framework agreement with Sasol South Africa (Pty) Ltd (Sasol; Johannesburg, South Africa). The agreement is to support Sasol’s portfolio of assets across South Africa. Wood will…

Indorama begins production of hand sanitizer in the U.S.

Indorama Ventures Public Co. Ltd. (IVL; Bangkok, Thailand) announced that it has successfully adapted its facilities in the U.S. to manufacture hand sanitizers to help protect people from Covid-19 infection. Many companies are producing sanitizer and other essential supplies to…

Combi-Ventilate – turning one ventilator into multiple engineered ventilation stations

The Irish manufacturer Combilift (Monaghan, Ireland), best known for its range of space-saving forklifts and other handling solutions, has drawn on its expertise in engineering and software design to develop the Combi-Ventilate, a splitter device which turns one ventilator into…

Honeywell shifts operations to manufacture hand sanitizer in the U.S. and Germany

Honeywell announced that it is temporarily shifting manufacturing operations at two chemical manufacturing facilities to produce and donate hand sanitizer to government agencies in response to shortages created by the COVID-19 pandemic. Many companies are producing sanitizer and other essential…

Saint-Gobain adapts production facilities to help fight COVID-19

Throughout April, Saint-Gobain (Courbevoie, France) has mobilized its production facilities to manufacture medical materials and components and products that can be used to build makeshift hospitals. Saint-Gobain’s Life Sciences unit, for instance, is prioritizing the production and delivery of COVID-19…