ABB (Zurich, Switzerland; www.abb.com) will invest $30 million in building a new manufacturing site and expanding its customer experience center for its Low Voltage Products division near Memphis, Tenn. The investment will initially create more than 200 jobs, with a…
Royal DSM (Heerlen, the Netherlands; www.dsm.com) has finalized the sale of its Euroresins business to Cathay Investments. The divestment was announced on December 23, 2014. Euroresins is a distributor of products to the composite resins industry with activities in nine…
Wacker Chemie AG (Munich, Germany; www.wacker.com) is currently building a new plant for specialty monomers with an annual capacity of 3,800 metric tons (m.t.) at its Burghausen, Germany site. The Group has budgeted around €8 million for this. The specialty…
Solvay S.A. (Brussels, Belgium; www.solvay.com) has signed a global license agreement with polymer technology company Revolymer Ltd. (Flintshire, U.K.; www.revolymer.com) to exclusively apply its encapsulation technology to boost the performance of Solvay’s organic peroxide Eureco, which is used in detergents and…
Wood Group Mustang’s (Houston; www.mustangeng.com) Automation and Control business unit is providing process control systems detailed engineering, procurement and fabrication services for the multi-billion dollar expansion project by ExxonMobil Chemical Co. (Houston; www.exxonmobilchemical.com) at the Baytown and Mont Belvieu plants…
Specialty chemical maker Clariant (Muttenz, Switzerland; www.clariant.com) today announced the completion of the sale of its Business Line Energy Storage to Johnson Matthey Plc, which was announced on October 29th,2014. The sale was closed on February 28th 2015. “The divestment…
AkzoNobel’s (Amsterdam, the Netherlands; www.akzonobel.com) Specialty Chemicals business recently broke ground on a new alkoxylation facility in Ningbo, China, bringing the company’s total investment in the strategic multi-site to more than €400 million. As well as contributing to AkzoNobel’s position…
Bayer MaterialScience (Leverkusen, Germany; materialscience.bayer.com) has concluded the takeover of Thermoplast Composite GmbH (TCG; Langenfeld, Germany; thermoplast-composite.com), a technology leader specializing in the production of thermoplastic fiber composites. Bayer MaterialScience will use the acquisition to expand its range of products…
Aveva (Cambridge, U.K.; www.aveva.com) says it has collaborated with EMC Corp.’s Enterprise Content Division to deliver an integrated software solution for the management and control of engineering data and associated documents. Designed for the specific needs of owner operators (OOs)…
The Global Chemical Production Regional Index (Global CPRI) rose in January on a three-month-moving-average basis, as did the U.S. CPRI, the American Chemical Council (ACC; Washington, D.C.; www.americanchemistry.com) said in its latest Weekly Chemistry and Economic Report. ACC’s Global CPRI…