IHS Chemical Week
SPECIALTY CHEMICALS

BASF inaugurates its first auto refinish manufacturing operation in Asia/Pacific

December 9, 2016 | Natasha Alperowicz

BASF on Thursday inaugurated BASF Coatings (Guangdong) Co., its first automotive refinish manufacturing operation in Asia/Pacifi, located at Jiangmen, Guangdong Province, China....

Huntsman signs collaboration deal with Bangladesh firm

December 9, 2016 | Natasha Alperowicz

Huntsman Textile Effects says it has entered into a partnership and collaboration agreement with Viyellatex Group (Daka). Under the agreement, Huntsman will support Viyellatex’s mills to streamline operations and optimize processes, train technical...

Idemitsu to expand OLED materials plant in South Korea

December 8, 2016 | Natasha Alperowicz

Idemitsu Kosan said today that it plans to expand its OLED materials manufacturing plant at Paju City, South Korea from 5 metric tons/year to 8 metric tons/year....

EV Group, Korea National NanoFab Center report display coatings breakthrough

December 7, 2016 | Rebecca Coons

Wafer bonding and lithography equipment supplier EV Group (St. Florian, Austria) and the Korea National NanoFab Center (NNFC; Daejeon City, South Korea) say their previously announced joint development program aimed at improving transparent nanostructured...

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....

Australian firm selects UK site for rare earth refinery project

December 6, 2016 | Ian Young

Plant would be built at a former Invista site....

Edgewater Capital buys toll manufacturer DanChem

December 6, 2016 | Vincent Valk

Private equity firm Edgewater Capital says it has acquired DanChem Technologies (Danville, Virginia), a toll manufacturer of fine and specialty chemicals, for an undisclosed sum. DanChem was previously owned by Ensign-Bickford Industries, a diversified...

Accella expands capacity for rolled rubbers in Ohio

December 6, 2016 | Vincent Valk

Accella Performance Materials announced Tuesday its Ultimate RB division is expanding production for specialty rolled rubbers 40% at its plant at Delphos, Ohio. Exact capacity figures have not been disclosed. The expansion entails a larger manufacturing...

Arkema completes sealants acquisition

December 2, 2016 | Ian Young

Arkema says it has completed the €485-million acquisition of sealants producer Den Braven (Oosterhout, Netherlands) from private equity company Egeria. The deal was announced in July. Den Braven manufactures sealants for insulation and construction and...

Air Products spin-off Versum reports strong YOY gains in sales and income

December 1, 2016 | Clay Boswell

Versum Materials (Tempe, Arizona) has reported financial results for the fourth quarter ending 30 September, the company's last quarter as a wholly-owned subsidiary of Air Products and Chemicals. Net income totaled $45 million, up 5% year-over-year (YOY) on improved operating results. Sales totaled $248 million, up 7% YOY on higher volumes in the delivery systems & services (DS&S) segment and of advanced materials. The gains were offset by capacity constraints and lower volumes in some process materials product lines within the materials segment, says Versum. Adjusted EBITDA increased 12% YOY to $78 million....

Tianqi exercises option for stake in Albemarle's Rockwood Lithium GmbH

November 30, 2016 | Vincent Valk

China’s Tianqi Lithium has exercised its option to acquire a 20% indirect ownership interest in Albemarle subsidiary Rockwood Lithium GmbH, the companies say. Rockwood Lithium GmbH is a European lithium business owned by Ablemarle, including...

Hitachi Chemical to buy controlling share of Italian battery business for €50 million

November 29, 2016 | Clay Boswell

Hitachi Chemical (Tokyo) has agreed to pay €50 million to acquire a 51% stake in the automotive and industrial lead-acid battery business of Fiamm SpA (Veneto, Italy). Hitachi says that the deal, announced on 28 November, is aimed at building the company’s global presence in the energy storage market....

US researchers develop process to make p-xylene from biomass with a 97% yield

November 29, 2016 | Francinia Protti-Alvarez

A team of chemical engineering researchers from the University of Massachusetts Amherst (UMass Armherst) has developed a novel, chemical process to make para-xylene (p-xylene), the university announced. The new method has a 97% yield and uses biomass as the...

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