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AMERICAS

PPG to acquire automotive materials supplier

11:13 AM MST | December 19, 2014 | Vincent Valk

PPG Industries says it has entered into exclusive negotiations to acquire Revocoat (Saint-Just-en-Chaussée, France), a maker of sealants, adhesives, and dampers for the automotive sector, from Axson Group (Chassieu, France), a polymers formulator...


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MORE AMERICAS

Sirius Minerals signs additional potash offtake agreement

Sirius Minerals (London), a potash development company, said today that it has signed an additional take-or-pay agreement with a leading South American fertilizer distributor for the sale of polyhalite potash into several key markets in that region. This...

DuPont files for performance chemicals spinoff

DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the company announced the planned spin-off. The company will be called The...

GSK shareholders approve $20-billion asset deal with Novartis

Shareholders of GlaxoSmithKline (GSK) on Thursday approved by an overwhelming majoring a planned deal with Novartis, which sets the two pharma groups to trade more than $20.0 billion of assets. The transaction, which includes GSK buying Novartis's vaccines...

Bayer to outsource production of major drug to Cardinal Health

Bayer HealthCare and Cardinal Health (Dublin, OH) have signed a 15-year agreement for the contract manufacturing of Bayer’s Xofigo (radium Ra 223 dichloride) drug. As part of the agreement, Cardinal Health will build a 64,000-square foot facility in...

Methanol Holdings (Trinidad) to become partner in Louisiana project

G2X Energy (Houston) and Methanol Holdings (Trinidad) Ltd. (MHTL) announced on Thursday that MHTL intends to partner with G2X Energy to construct a previously announced, world-scale methanol-to-gasoline (MTG) production facility at Lake Charles, LA. G2X...

Ecolab to acquire Clariant’s water treatment business in Latin America

Clariant says that it has signed an agreement to divest its water treatment business operating in Argentina, Brazil, and Colombia to Ecolab. Financial details of the deal have not been disclosed. Clariant's water treatment business in Latin America...

Reports: Industrial action paralyses chemical hub in Argentina

Operations at the Zárate-Campana chemical cluster in Argentina have been paralyzed for one week as a result of industrial action, according to local media reports. The industrial action involves 3,000 chemical workers across 26 chemical companies in...

Pemex appeals US court decision requiring $593 million be set aside for payout to consortium in lawsuit

Petróleos Mexicanos (Pemex) is appealing a decision by a New York court that requires the company to set aside $593 million for a potential payout to Conproca, a consortium formed by SK Engineering (Seoul) and Siemens. The consortium presented a...

BioNitrogen partners with Saipem for biomass-to-urea EPC services

BioNitrogen Holdings Corp. (West Palm Beach, FL), a cleantech company with technology that converts biomass into urea fertilizer, says it has signed an agreement with Saipem for the engineering, procurement, project management and construction services (EPC)...

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