Indorama Ventures Public Ltd. (IVL; Bangkok, Thailand; www.indorama.net) and India’s Dhunseri Petrochem Ltd. (Dhunseri) have agreed to enter into an equal joint venture (JV) to manufacture and sell polyethylene terephthalate (PET) resins for Indian domestic markets and for exports. Dhunseri…
Axiall Corp. (Atlanta, Ga.; www.axiall.com) has signed an agreement to sell certain assets of its compound additives business, known as Solucor, and its manufacturing facility located in Bradford, Ontario, to Galata Chemicals (Southbury, Conn.; www.galatachemicals.com). The transaction is expected to…
The U.S. Chemical Production Regional Index (U.S. CPRI) rose in January, by 0.5%, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The gain in January follows 0.4% and 0.7% gains…
Team, Inc. (Houston; www.teaminc.com) and Furmanite Corp. (Houston; www.furmanite.com) announced that stockholders of each company overwhelmingly approved their respective merger proposals related to the proposed combination of Furmanite and Team.. More than 96% of the shares voting at the Furmanite…
Air Products (Lehigh Valley, Pa.; www.airproducts.com) today held a groundbreaking ceremony at Covestro’s Baytown, Texas facility where Air Products will invest $350–400 million to build, own and operate a world-scale steam methane reformer (SMR). The SMR will produce hydrogen…
Technip (Paris, France; www.technip.com) has entered into a contract to supply its proprietary ethylene technology, process design package, technical services and proprietary equipment to SP Olefins (Taixing) Co. Ltd, a subsidiary of SP Chemicals, for a grassroots gas cracker with…
Effective May 1, 2016, Werner Baumann will become the new Chairman of the Board of Management of Bayer AG (Leverkusen, Germany; www.bayer.com). The current CEO of Bayer AG, Marijn Dekkers, proposed to the Supervisory Board that his contract be dissolved…
Panasonic Corp. (Osaka, Japan; www.panasonic.com) announced that it will start mass production of polybutylene terephthalate (PBT) molding compounds for laser welding in March 2016, a move that will contribute to the enhancement of longterm reliability and the flexibility of design…
SNC-Lavalin (Montreal, Canada; www.snclavalin.com) announces four recent contracts awarded by Sasol in South Africa. The first three contracts are based in the town of Secunda, located at approximately 130 km east of Johannesburg. They are: EPC modifications for the…
The Turkish steel producer Erdemir Group and the German technology company The Linde Group (Munich, Germany; www.linde.com) have signed a Letter of Intent to form a joint venture (JV) in order to build a new air separation unit (ASU)…