From April 1, 2016, Torsten Derr (46), currently head of the Lanxess AG (Cologne, Germany; www.lanxess.com) Board of Management’s Commercial & Supply Chain Excellence Initiative, will take over as head of Saltigo, a subsidiary of the specialty chemicals company.…
Clariant (Muttenz, Switzerland; www.clariant.com) announces that construction work has begun on a new, state-of–the-art masterbatch production unit in Yanbu, Saudi Arabia. The new manufacturing site belongs to Clariant Masterbatches Saudi Arabia, a joint venture of Clariant and Rowad National Plastic…
Rockwell Automation (Milwaukee, Wis.; www.rockwellautomation.com) announced that it has agreed to purchase MagneMotion, a leading manufacturer of intelligent conveying systems. MagneMotion systems are used across a broad range of industrial applications, including automotive and general assembly, packaging and material handling.…
Lanxess AG (Cologne, Germany; www.lanxess.com) and Saudi Arabian Oil Co. (Saudi Aramco; Dhahran, Saudi Arabia; www.saudiaramco.com) have announced Arlanxeo, the name of their new joint venture (JV) for synthetic rubber. The new name and logo combines elements from the names…
Evonik Industries AG (Essen, Germany; www.evonik.de) plans to build a new production line for special polyamide 12 powder (PA12) in Marl, Germany with an investment volume in the mid double-digit million-euro range. The new plant, which is scheduled to…
Fluor Corp. (Irving, Tex.; www.fluor.com) announced that LyondellBasell (Rotterdam, the Netherlands; www.lyondellbasell.com), has selected Fluor to perform front-end engineering and design (FEED) work for its proposed propylene oxide (PO) and tertiary butyl alcohol (TBA) plant. Fluor booked the undisclosed contract…
Solenis (Wilmington, Del.; www.solenis.com)is responding to strong customer demand in Russia by investing approximately $5 million at its manufacturing facility in Perm. The investment will double the production capacity for its polyacrylamide powders used in a wide variety of water-based…
Haldor Topsøe A/S (Lyngby, Denmark; www.topsoe.com) will open permanent offices in Tehran, Iran. The decision is made based on the company’s deep-rooted knowledge of the sector and long-standing relations with Iranian companies. Simultaneously, the company can celebrate the signing…
Chemical equity prices, as measured by the S&P index for chemical companies, fell by 10.4% in January, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; www.americanchemistry.com). The benchmark S&P 500 index…
Ametek, Inc. (Berwyn, Pa.; www.ametek.com) announced that it has completed two acquisitions: Brookfield Engineering Middleboro, Ma.; www.brookfieldengineering.com), a leading manufacturer of viscometers and rheometers, and ESP/SurgeX, a leader in energy intelligence and power-protection solutions. “Brookfield Engineering and ESP/SurgeX are excellent…