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July 8, 2016
Evonik Industries AG has agreed to acquire the probiotics business of Norel (Madrid, Spain), a producer of additives and intermediates for animal nutrition. Evonik is acquiring...
July 8, 2016
Total SA has announced that effective 1 September, Philippe Sauquet, currently president/refining and chemicals and member of the executive committee, is appointed to the newly created job of president/gas, renewables, and power. He has also been appointed executive vice president/strategy and innovation and remains a member of Total’s executive committee....
July 7, 2016
Wacker Chemie AG says that it is expanding its silicone elastomer capacity by developing a new site at Jincheon, South Korea, to replace the company’s existing site at Jincheon....
July 8, 2016
Universal Display Corp. (Ewing, NJ), a company that develops organic LED (OLED) technologies, announced on 28 June that it has acquired the OLED intellectual property (IP) assets of...
July 8, 2016
Monsanto Co.’s profits for its fiscal third quarter, ended 31 May, slid 38.1% year on year (YOY) on the lackluster farm economy and steeply lower soybean and glyphosate results. The company reports net income of $715 million compared with $1.2 billion in the year-ago quarter. Adjusted earnings of $2.17 per share missed the analysts’ consensus estimate by 9.6% as reported by Thomson Reuters (New York, New York). Net sales were down 8.5%, to $4.2 billion....
July 8, 2016
Williams Companies, Inc.( Tulsa, Oklahoma) announced on 1 July that six board members have resigned, citing their disagreement with the strategic direction of the company. A letter...
July 8, 2016
Air Liquide has agreed to sell certain US assets to Matheson Tri-Gas, Inc. (Matheson; Basking Ridge, New Jersey), a subsidiary of Mitsuibishi Chemical Corp. affiliate Taiyo Nippon...
July 7, 2016
Mitsui Chemicals Inc. says that its wholly owned subsidiary Sunrex Industry Co. Ltd. (Yokkaichi, Japan) will expand production capacity for nonwoven fabrics primarily used in premium...
July 7, 2016
Axalta Coating Systems says that it has acquired High Performance Coating Sdn. Bhd. (Shah Alam, Malaysia), a leader in refinish coatings in Southeast Asia. Financial terms of the...
June 23, 2016
Braskem Idesa, the 75-25 joint venture of Braskem and Idesa (Mexico City), have inaugurated the Ethylene XXI complex at Nanchital, part of the Coatzacoalcos petrochemical hub in the southern Mexican state of Veracruz. The $5.2-billion dollar project took some five years to complete....
June 23, 2016
President Barack Obama on 22 June signed the bipartisan Frank R. Lautenberg Chemical Safety for the 21st Century Act, reforming the nation’s 40 year-old chemical management law, the Toxic Substances Control Act (TSCA)....
June 23, 2016
Evonik Industries “wants to become one of the most innovative companies,” said Ulrich Küsthardt, chief innovation officer, at the company’s R&D press conference, held on 21 June in Essen, Germany....
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