9:28 AM MST | February 8, 2012 | Sotirios Frantzanas
Mexichem (Tlalnepantla, Mexico) says it has agreed to acquire 100% of Wavin (Zwolle, the Netherlands) for approximately €531 million ($704 million). Mexichem intends to make a cash offer of €10.50 per Wavin ordinary share. The offer represents...
Sumitomo Chemical tells CW that it is planning to build an additional solution-polymerized styrene-butadiene rubber (SSBR) manufacturing plant at Singapore. The second plant is expected to have a production capacity of about 40,000 m.t./year. The company says...
This Week on CW: Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago period and falling short of analysts’ estimates. Meanwhile, Cabot...
Westlake has increased its bid for Georgia Gulf by 17%, to $35/share, or about $1.29 billion. Westlake will also pay a portion of the consideration to Georgia Gulf shareholders in Westlake shares, the company says. Westlake has also decided against nominating...
PlastIndia, a triennial plastics show, opened in New Delhi today. The international exhibition and conference was inaugurated by K. Jose Cyriac, secretary at the department of chemicals and petrochemicals at the government of India, and Ashok Goel, president...
Desso (Waalwijk, the Netherlands), a manufacturer of carpets and flooring systems made from materials such as nylon 6, nylon 6,6 and polypropylene (PP), in 2007 changed its business model by adopting a production system based on Cradle to Cradle design...
A U.S. appeals court has upheld a 2010 ruling that Nova had infringed on Dow’s patents for a line of polyethylene resins used in plastic bags. The court upheld a $61.7 million damage award for Dow, which adds up to $76 million with interest. The...
Indorama Ventures (Bangkok) says it will construct an integrated facility in India, which will consist of purified terephthalic acid (PTA), polyethylene terephthalate (PET), and polyester staple fiber (PSF) production plants fully-integrated with a...
The Asian Development Bank (ADB; Manila) said today that it has approved a loan and political risk guarantees of up to $400 million to help build a previously announced petrochemical complex in Uzbekistan. The investor is Uz-Kor Gas Chemical (Tashkent), a...
An explosion rocked one of LyondellBasell’s low-density polyethylene (LDPE) units at Wesseling, Germany over the weekend, affecting LDPE production. The blast injured seven workers at the site, and the unit remains partially shut, the company says. The...
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