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CW's Weekly Specialties News Roundup, May 18
4:19 PM MDT | May 18, 2011 | By REBECCA COONS
Industry groups have contested the proposed Prop 65 listing for cocamide, a chemically modified form of coconut oil used as a surfactant in many cosmetics and personal care products, according to Prop 65 News. At issue is the use of diethanolamine to process cocamide. Prop 65 requires consumer products to list ingredients that are “considered by the state of California” to be carcinogenic or reproductive hazards. The Personal Products Council (Washington) says the proposed listing is based on a National Toxicology Program (NTP) reference indicating diethanolamine was shown to cause cancer in certain laboratory animal tests. The industry group says that NTP’s study was based on “free diethanolamine” as a contaminant in cocamide and not on the chemically processed cocamide diethanolamine. The substance is used as a foaming agent in shampoo and bath products, and as an emulsifier in cosmetics.
Altana has agreed to acquire the Color Chemie Group (Budingen, Germany), a maker of water-based secialty printing inks. Color Chemie’s printing inks are primarily used for packaging boxes, but can also be used on foils, carrier bags, gift-wrapping papers, and wallpapers. Financial terms of the deal were not disclosed. Color Chemie reported sales of €46 million ($66 million) last year, and employed about 150 workers. The company has production sites at Budingen and Bonn, Germany, as well as in Austria, France and Poland. Color Chemie will be integrated into the ALTANA division ACTEGA Coatings & Sealants.
PPG Industries signed a conditional agreement today with Monberg & Thorsen (Søborg, Denmark) to buy that company's wholly owned subsidiary Dyrup (Copenhagen) for DK1 billion ($200 million) on a debt-free basis. Dyrup, a European producer of architectural coatings, particularly wood stains, and specialty products, reported sales of approximately $270 million in 2010. It employs 950 people and operates six manufacturing facilities in Europe. Durup's portfolio of brands, including Bondex, Gori, and Xylophene, is sold primarily in Denmark, France, Germany, Portugal, Poland and Spain through professional and do-it-yourself channels.
Meanwhile, Lanxess announced it will relocate its headquarters from Leverkusen to Cologne in the second half of 2013. Lanxess announced in 2008 that it would relocate to Cologne, and said the move would take place by 2011.
Beyond Chemical Week…
Canada's forest nanoproduct consortium, ArboraNano, says it has launched nine R&D projects targeting innovative paper grades, improved foams and nanocomposite developments using forest nanomaterials.
Fortune: Procter & Gamble's (P&G) board of directors was included in Fortune magazine's annual look of the most photogenic boards in the U.S. The infant- and consumer product-filled spread was shot in February and included Rajat Gupta, who resigned from P&G board in March after he was charged with insider trading by the SEC.