IHS Chemical Week

Report: Asahi Glass in talks to acquire Vinythai as flurry of Solvay divestments continues

December 8, 2016 | Francinia Protti-Alvarez

Asahi Glass (Tokyo, Japan) is working on acquiring Solvay's 58.8% stake in Vinythai (Bangkok, Thailand), a polyvinyl chloride (PVC) producer, according to a report from Japanese daily Nikkei. The deal would be valued at between ¥40 billion ($350.8...

Benzene reaches yearly high in Europe, Asia in the driving seat

December 8, 2016 | Caroline Fitzgerald

The ongoing surge in Asian benzene prices has prompted benzene to reach yearly highs in Europe, with current-month spot prices hitting $795-820/metric ton today. Mid-August was the last time benzene reached a yearly high in Europe as price levels rose to...

VCI: A mixed year for Germany's chemical industry

December 8, 2016 | Michael Ravenscroft

German chemical production rose by 0.5% year over year (YOY) in 2016, but the growth was lower than had been anticipated, according to chemicals trade association VCI (Frankfurt). Excluding pharmaceuticals, production volume was stagnating, VCI says...

Glencore, Qatar Investment Authority to acquire stake in Rosneft for $11 billion

December 8, 2016 | Natasha Alperowicz

Glencore, the world's leading commodity trading and mining company, has confirmed that it is in final-stage negotiations with the Russian state to acquire a 19.5% interest in Rosneft, Russia's leading energy group, which has extensive chemical interests, for €10.2 billion....

Australian mineral developer to start drilling for lithium in Spain

December 8, 2016 | Francinia Protti-Alvarez

Plymouth Minerals (Subiaco, Australia) is readying to start drilling for lithium, as well as tin, at the company's site in San José, central Spain, the company announced. Plymouth’s reverse-circulation drilling is designed to confirm the...

ECHA, European Commission sign agreement on nanomaterials

December 7, 2016 | Michael Ravenscroft

The European Chemicals Agency (ECHA; Helsinki, Finland) and the European Commission have signed an agreement on nanomaterials. The agreement marks the formal kickoff for ECHA to start working on the European Union Observatory for Nanomaterials (EU-ON). The...

Lonza to sell peptides business to PolyPeptide

December 7, 2016 | Natasha Alperowicz

Lonza has agreed to sell its peptides business, based at Braine-l’Alleud, Belgium, to PolyPeptide (Malmo, Sweden). The facility, with approximately 280 employees, is Lonza's center for peptide chemical development and manufacturing. Financial terms have...

Linde resumes talks to merge with Praxair, brings back former exec from retirement to replace CEO

December 7, 2016 | Natasha Alperowicz

The executive board of Linde, after consulting with the supervisory board, has decided to resume talks about the “essential conditions” of a potential merger of equals with Praxair...

Armenia chemical, synthetic rubber plant declared bankrupt

December 7, 2016 | Francinia Protti-Alvarez

State-owned chemical and synthetic rubber maker Nairit (Yerevan, Armenia) has been declared bankrupt by a court in Yerevan’s Shengavit district, following a request from the Electricity Networks of Armenia (Yerevan), according to various local media...

Novozymes, Leaf Resources partner to increase sugar yields from biomass

December 7, 2016 | Rebecca Coons

Leaf Resources (Yeronga, Australia) says it has entered into a collaboration with Novozymes to increase sugar yields and efficiency of Leaf Resources’ Glycell biomass conversion technology. Leaf Resources says the Glycell technology operates at low...

Solvay to sell cellulose acetate business to Blackstone

December 7, 2016 | Natasha Alperowicz

Solvay announced Wednesday it will sell its cellulose acetate tow business, Acetow, to private equity funds managed by Blackstone....

Axalta completes powder coatings hike in Germany

December 6, 2016 | Jing Chen

Axalta Coating Systems has invested an undisclosed amount to expand and optimize its manufacturing capabilities at its powder coatings production facilities in Landshut, Germany. The expansion consists of three phases, with the final phase expected to be...

Kansai Paint to acquire European coatings maker Helios Group

December 6, 2016 | Natasha Alperowicz

Kansai Paint (Osaka), Japan's second largest coatings manufacturer, has announced that it will acquire Helios Group, one of the top 10 European paint makers, for €578 million ($622.4 million), in its first major step into the European paints market....

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