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Evonik Industries to Launch IPO Before the Summer Break
Evonik Industries said today that its owners as well as the executive and supervisory boards have decided to launch an initial public offering (IPO) plan for Evonik with the first trading day expected "before the summer break." RAG Foundation...

Altana Purchases Marbo's Casting Resins Business
Elantas Electrical Insulation, a subsidiary of Altana (Wesel, Germany), has purchased the Marbo Group’s (Milan, Italy) casting resins business for electrical and electronic applications. The purchase...

Merck KGaA Acquires Interest in Nanotech Start-up Company in Israel
Merck KGaA says it has acquired a stake in start-up QLight Nanotech (Jerusalem), a spin-off subsidiary of Yissum. QLight Nanotech develops products for use in displays and energy-efficient light sources based on semiconductor nanoparticles...

Celanese’s Weidman Reflects on Industry

David Weidman, who retired as Celanese chairman and CEO in early April, reflected in a recent interview with CW on what has changed in industry, noting what has successfully differentiated companies in the past may not necessarily work in a more global environment. “Companies must build businesses that can grow,” Weidman says. “The ‘polish the stone’ strategy will not work going forward. There needs to be strategy based on growth, it needs to be based on technology, and it needs to be much more global and international than most companies have been in the past. Being the same or marginally better than competition will not be sufficient.”

BASF Product Transfer
BASF says it will transfer the pharmaceutical production of Kolliphor TPGS from the company’s Kankakee, IL site to its Minden, Germany facility...

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