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COMPANIES

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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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...

ExxonMobil Chemical to close butyl rubber unit in France

ExxonMobil Chemical France, an ExxonMobil subsidiary, has confirmed that it plans to close the regular butyl rubber unit at the company's Notre Dame de Gravenchon, France complex. The closure is under review by the company's works council, ExxonMobil Chemical...

Dow Corning to abandon Hemlock's Tennessee polysilicon assets

Dow Corning will abandon its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN. The $1 billion-plus project was completed last year but never produced product because of oversupply in polysilicon markets and the impact of tariffs on polycrystalline silicon imported into China....

Evolva completes acquisition of Allylix

Flavors and fragrances manufacturer Evolva (Reinach, Switzerland) says it has completed its acquisition of Allylix (San Diego, CA), a start-up with technology for bio-based fragrance ingredients. Evolva will pay a consideration of 46 million newly-issued...

DOJ indicts Freedom Industries officials in January West Virginia spill

The US Department of Justice (DOJ) announced today that Freedom Industries (Charleston, WV) and six former Freedom officials have been charged with various federal crimes related to the January 2014 Elk River chemical spill at Charleston. A leak in one of the...

FMC announces new executive appointments

FMC today announced three executive appointments and promotions. Eric Norris, previously v.p. and global business director/lithium, has been named v.p. and global business director/health and nutrition. Norris joined FMC with 2001 and has served as investor...

Mosaic completes acquisition of ADM fertilizer distribution business

Mosaic announced today that it has completed the previously announced acquisition of Archer Daniel Midland’s (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million, including $150 million in working capital. Under the agreement...

Praxair to increase North American prices

Praxair announced today that it is increasing medical and bulk gas prices for customers in the United States, Canada, Mexico, and Puerto Rico effective 1 January. The adjustments will vary by contract, the company says. Nitrogen, oxygen, and carbon dioxide...

ICL forms Chinese phosphates JV with Yunnan Yuntianhua

Israel Chemicals Ltd. (ICL; Tel Aviv) says it will invest up to $500.0 million for 50% ownership of a joint venture that will operate a fully integrated, world-scale phosphate business in China and a 15% strategic holding in Yunnan Yuntianhua (Kunming City...

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