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SPECIALTY CHEMICALS

Protex buys US electronic chemicals firm

5:45 AM MDT | September 1, 2014 | Ian Young

Protex International (Paris) says it has acquired Mereco Technologies Group (West Warwick, RI), including the Metachem Resins and DMS divisions. Financial terms of the deal were not disclosed. Mereco and its subsidiaries manufacture and market...


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AkzoNobel simplifies structure of performance coatings business

AkzoNobel has announced plans to simplify the structure of its performance coatings business. The new structure, which will become fully operational in January 2015, will reduce the number of global management layers. The business will be managed through...

Momentive Performance Materials moves closer to Chapter 11 exit

Silicones and quartz producer Momentive Performance Materials (MPM) says the US Bankruptcy Court for the Southern District of New York is likely to confirm the company’s reorganization plan once changes are made to the interest rate paid to bondholders...

Carlyle's Axalta files for IPO

Axalta, the former automotive coatings business of DuPont, has filed with the US Securities and Exchange Commission (SEC; Washington) for an initial public offering....

DuPont files suit against SunEdison over solar-paste patent

DuPont has filed a patent infringement suit in US court in Delaware alleging that SunEdison has violated the company’s patent on using tellurium in front-side silver solar pastes. The suit also identifies Neo Solar Power (Hsinchu, Taiwan) and Fextronics...

Clariant plant in Germany gains RSPO certification

Clariant’s industrial and consumer specialties plant at Gendorf, Germany, has been granted mass balance certification from the Roundtable for Sustainable Palm Oil (RSPO; London), permitting mass balance analysis and sourcing of the plant’s palm...

Bartek Ingredients to expand malic, fumaric acids capacity

Bartek Ingredients (Stony Creek, ON) has announced a large expansion of its capacity for malic and fumaric acid, and its precursor material, maleic anhydride. The company will add 50 million pounds of malic acid capacity and 35 million pounds of fumaric acid...

Acquisitions help lift Frutarom's revenues and earnings

Frutarom (Haifa, Israel), a producer of flavors and fragrances, today reported second-quarter net income rose 44.5%, to $25.5 million, on 29% higher sales of $218.1 million. Ebitda was 33.5% higher, at $43.4 million. The flavors segment reports sales of...

AkzoNobel breaks ground on decorative paints facility in China

AkzoNobel today broke ground on its previously announced decorative paints facility at Chengdu, China. Chengdu is the capital of Sichuan Province. The new facility is part of an investment exceeding €50 million ($66.5 million) to build manufacturing...

Flavors and fragrances firm Firmenich appoints new CEO

Firmenich (Geneva), the world's largest privately owned flavors and fragrances firm, has appointed Gilbert Ghostine as its new CEO, effective 1 October. Ghostine was most recently president/Asia/Pacific at Diageo, the world's leading premium drinks company...

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