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Latest News: Business

New management position at Kral

On May 1, Matthias Kaufmann, DI (FH), MAS, took over the management of the pumps division at Kral AG (Lustenau, Austria; www.kral.at), and simultaneously became a member of the management team.  After completing his studies in manufacturing automation, Kaufmann worked…

PPG to acquire coatings service provider MetoKote

PPG Industries, Inc. (Pittsburgh, Pa.; www.ppg.com) has reached a definitive agreement to acquire MetoKote Corp. and its affiliates. MetoKote is a U.S.-based coatings services business with 2015 global sales of approximately $200 million. The transaction is expected to close in…

Evonik starts up membrane coating facility in Germany

Evonik Industries AG (Essen, Germany; www.evonik.com) recently started operating a thin-film composites plant to coat membranes for use in organic solvent nanofiltration and gas separation at its Marl site in Germany. Evonik is a global leader in the area of…

U.S. chemical industry will see continued growth in 2016, ACC report says

American chemistry will continue to grow this year, according to the ACC Mid-Year 2016 Chemical Industry Situation and Outlook Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). Released today, the report concludes that American chemistry output increased in…

Italmatch acquires Compass Chemical

Italmatch Chemicals Group (Genova, Italy; www.italmatch.it) today announced that it has acquired (from an affiliate of One Rock Capital Partners LLC) 100% of Compass Chemical International LLC (Smyrna, Ga.; www.compasschemical.com), a leading North American company in the production and marketing…

Bear River Zeolite announces production expansion

Bear River Zeolite (BRZ; Preston, Idaho; www.bearriverzeolite.com), a wholly owned subsidiary of US Antimony Corp. (Thompson Falls, Mont.; www.usantimony.com) announced today it has added another production line to its plant. The new production line should double the production of granular…

Songwon and Heraeus sign joint development agreement for specialty chemicals

Songwon Industrial Group (Ulsan, South Korea; www.songwon.com) and Heraeus (Inchon, South Korea; www.heraeus.com) announced today that they have signed a co-operation agreement to jointly develop and market high end specialty chemicals for the electronics industry.This new co-operation combines Songwon's strong…

Solenis acquires Nuplex Pulp & Paper

Effective June 3, 2016, Solenis (Wilmington, Del.; www.solenis.com), through its Australia subsidiary Solenis Australia Pty Ltd., completed the acquisition of the business assets of Nuplex Pulp & Paper from Nuplex Industries Australia Pty Ltd., an exclusive distributor and technology licensee…

Lanxess builds new tank farm and unloading station at Leverkusen site

Lanxess AG (Cologne, Germany; www.lanxess.com) has significantly expanded storage capacity for its phosphoric acid ester plant at the Leverkusen site, investing around 8 million euros. The new storage facility for liquids consists of six 150-m³ tanks, giving a total volume…

A.W. Chesterton names new president and CEO

A.W. Chesterton Co. (Woburn, Mass.; www.chesterton.com) announced that Andrew W. Chesterton, formerly executive vice president and chairman of the board, has been named the company’s new president and CEO. He succeeds Brian O’Donnell, a longtime Chesterton executive, who will serve as…