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Latest News: Business

Solvay starts up fluoroelastomers plant in China

Solvay S.A. (Brussels, Belgium; www.solvay.com) has begun production at its new fluoroelastomers (FKM) plant in Changshu, China, as part of its ongoing strategic site expansion, to meet booming demand for its specialty polymers from Asia’s fast-growing automotive industry and multiple other…

Honeywell acquires Elster for $5.1 billion

Honeywell (Morristown, N.J.; www.honeywell.com) announced that it has signed a definitive agreement to acquire the Elster Division of Melrose Industries plc, a leading provider of thermal gas solutions for commercial, industrial, and residential heating systems and gas, water, and electricity…

BioOutsource opens new facility in Glasgow

  BioOutsource Ltd. (Glasgow, Scotland; www.biooutsource.com) , part of Sartorius Stedim Biotech Group and a global leader in biologics contract testing and biosimilar characterization for the biopharmaceutical industry, today announced the opening of a new facility that doubles BioOutsource’s capacity…

U.S. CPRI and specialty chemical volumes up in June, ACC says

The U.S. Chemical Production Regional Index (U.S. CPRI) rose by 0.5% in June, while specialty chemical market volumes in the U.S. rose by 0.1%, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington,…

QuantumSphere completes nanocatalyst production facility

  QuantumSphere, Inc. (QSI; Santa Ana, Calif.; www.qsinano.com) says it has completed its state-of-the-art manufacturing facility for the production of the company’s proprietary FeNIX nano iron catalyst product. FeNIX nanocatalysts were developed to address costly production inefficiencies within the several…

MHI and Mitsubishi to build large-scale fertilizer plant in Uzbekistan

  Mitsubishi Heavy Industries, Ltd. (MHI; www.mhi-global.com) and Mitsubishi Corp. (MC; both Tokyo, Japan; www.mitsubishicorp.com) will build a large scale ammonia and urea fertilizer production plant for Navoiyazat Joint Stock Co. (Navoiyazat JSC), a chemical production company of the Uzkimyosanoat…

Genomatica and Cargill announce collaboration for renewable chemicals production

Genomatica (San Diego, Calif.; www.genomatica.com) and Cargill (Minneapolis, Minn.; www.cargill.com) have entered into a collaboration agreement to accelerate the production of renewable chemicals for industrial applications. The collaboration will give chemical producers, distributors and users access to a reliable, cost-effective…

BASF to set up new global business unit combining all pigments activities

  BASF SE (Ludwigshafen, Germany; www.basf.com) will form a global business unit (GBU) combining all of its pigments activities effective January 2016. In the second half of 2016, BASF intends to carve out its pigments business and establish separate legal…

Solvay considers new on-site H2O2 production capacity in Russia

  Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed an agreement with Siberwood LLC to examine the construction of new hydrogen peroxide capacity in Russia, using Solvay’s innovative myH2O2 technology, which is particularly suitable for large customers requiring secure on-site production…

Victrex acquires polymer-gear manufacturer Kleiss Gears

Victrex plc (Thornton Cleveleys, U.K.; www.victrex.com) has announced the acquisition of U.S.-based polymer-gears specialist Kleiss Gears Inc. (www.kleissgears.com). Kleiss Gears has a proven track record stretching over 20 years of replacing and complementing metal gear systems with high-performance engineering polymer…