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Latest News: Business

Evonik acquires probiotics business of Norel

On July 4, Evonik Industries AG (Essen, Germany; www.evonik.com) signed an agreement to acquire the probiotics business of the Spanish company Norel, a global supplier of animal feed ingredients. The agreement sees Evonik acquiring Norel’s probiotics product portfolio as well…

akvola Technologies wins the WssTP Water Innovation Awards 2016

akvola Technologies (Berlin, Germany; www.akvola.com), a water technology company providing solutions for the removal of oils and suspended solids from hard-to-treat industrial effluents, won the WssTP Water Innovation SME Awards 2016. The WssTP Innovation and Technology Advisory Board (iTAB) chose…

Primetals Technologies receives first order for a SWGR system for a sinter plant in China

Chinese steel producer Shandong Iron & Steel Corp. Ltd. (Shansteel) has ordered a selective waste-gas recirculation (SWGR) system from Primetals Technologies Ltd. (London, U.K.; www.primetals.com) for its new sinter plant in Rizhao, Shandong Province. It is the first order for…

Altana expands its additive business through acquisition of Addcomp

Specialty chemicals group Altana AG (Wesel, Germany; www.altana.com) has acquired Addcomp Holland BV (Nijverdal, the Netherlands), a developer and manufacturer of unique polymer additive solutions. Addcomp will be integrated into the Plastic Additives business line of Altana’s largest division BYK…

Global CPRI soft for second quarter, ACC says

The Global Chemical Production Regional Index (Global CPRI), compiled by the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com) shows that the 2nd quarter continued on a soft note, with the headline index rising only 0.1% on a 3MMA basis. This…

Primetals Technologies receives final acceptance for new secondary dedusting system in Linz

voestalpine Stahl GmbH has given Primetals Technologies Ltd. (London, U.K.; (www.primetals.com) the final acceptance certificate for the Seku 3.1 secondary dedusting system in the Linz plant. The system was constructed during the course of voestalpine's SEK MET 4 project and…

Endress+Hauser to expand analyzer manufacturing plant in Michigan

Endress+Hauser (Reinach, Switzerland; www.endress.com) is expanding its manufacturing facility for Raman analyzers. Wholly-owned subsidiary Kaiser Optical Systems is investing $8.6 million to develop the Ann Arbor, Michigan (US) location, which will more than double in size. “The new facility will…

EPA announces implementation plan for TSCA amendments

The U.S. Environmental Protection Agency (EPA) has posted an implementation plan that outlines the agency's first-year plans to implement the recently passed Frank R. Lautenberg Chemical Safety for the 21st Century Act. The Implementation Plan along with additional information can…

Honeywell announces CEO succession plan

Honeywell (Morris Plains, N.J.; www.honeywell.com) announced that Darius Adamczyk, President and chief operating officer, will succeed Dave Cote as chief executive officer on March 31, 2017. Cote, who has been Chairman and CEO of Honeywell since 2002, will continue as…

Universal Display acquires BASF’s OLED IP assets

Universal Display Corp. (UDC; Ewing, N.J.; www.oled.com) announced yesterday that through its wholly-owned subsidiary UDC Ireland Limited, it has acquired the OLED (organic light-emitting diode) Intellectual Property (IP) assets of BASF SE (Ludwigshafen, Germany; www.basf.com). Representing 15 years of research…