Latest news from leading chemical companies
in October 2017
30 October 2017
Sika is expanding its presence in Africa and opens a new facility
in the Angolan capital, Luanda. In addition to the production
of concrete admixtures in an existing factory, mortar products
– one of the Sika Group's fastest-growing areas of business
– will also be manufactured locally.
AkzoNobel confirms today it is currently in constructive discussions
regarding a merger of
the AkzoNobel Paints & Coatings business with Axalta.
29 October 2017
Frutarom Will Acquire Full Ownership of the Specialty Nutrition
Company Enzymotec at a Net Investment of Approx. USD 210M.
27 October 2017
Linde continued to achieve increases in Group revenue
and operating profit in the nine months to 30 September 2017.
that they have terminated their proposed merger of equals
by mutual agreement. The decision was unanimously approved
by the Boards of Directors of Huntsman and
Corbion Q3 2017 interim management statement.
EBITDA profitability remains well above our target level of 18%,
26 October 2017
Praxair, Inc. reported third-quarter 2017 net income
and diluted earnings per share of $419 million
and $1.45, respectively.
DowDupont provide expected third quarter 2017 financial results.
25 October 2017
Praxair, Inc. and BASF signed a long-term agreement
for Praxair to design, build, own, and operate
a new syngas processing plant at BASF’s facility
in Geismar, Louisiana.
The new plant, which will start up in 2020, will produce
high-purity carbon monoxide and hydrogen
from a stream of crude synthesis gas.
Carbon monoxide is a raw material in the production
of a range of specialty chemicals used
in the housing and auto industries.
Hydrogen is used to produce several chemical intermediates
and clean fuels from refineries.
Novozymes, Solid first nine months
with 4% organic revenue growth (Q3: +8%).
Givaudan sets industry-leading target
for Responsible Sourcing programme.
Givaudan announced today that 90% of its raw materials volume
of natural origin will be responsibly sourced by 2020.
BASF and Poietis sign new agreement on
3D bioprinting technology.
24 October 2017
Praxair, Inc. today announced it has signed a long-term agreement
to build, own and operate an air separation plant
that will supply 700 tons per day of nitrogen
to Samsung’s display manufacturing complex
in Tangjeong, South Korea.
Covestro delivered the strongest quarter in the company’s history
in the third quarter of 2017 as the positive trend
of the first six months carried on. At EUR 491 million,
net income was up 89.6% on the prior-year quarter. At the same time,
EBITDA was 50.2% higher, and sales rose 16.9%
over the same period the previous year.
BASF Group recorded significant sales and earnings growth
in the third quarter of 2017.
Net income rose by €448 million to €1.3 billion.
Earnings per share were €1.45 in the third quarter of 2017,
compared with €0.97 in the prior-year quarter.
23 October 2017
BASF’s supercomputer has been put into operation
and is running at full capacity.
BASF has closed the previously announced transaction
to sell its electrolytes manufacturing site in Suzhou, China, to
Shenzhen Capchem Technology Co., Ltd. (Capchem),
a leading supplier in the global electronics chemical industry.
BASF inaugurates enzyme-based production plant
for biocatalyzed acrylamide in Nanjing, China.
20 October 2017
Givaudan lays the foundation for its largest ever investment
in its fragrance business in China.
18 October 2017
With the commissioning of a new factory for
mortar products and concrete admixtures, Sika
has expanded its manufacturing capacity in Pakistan
and is responding to the country's construction boom.
reflecting diluted adjusted EPS of
on net sales of
for the purchase of 60% of the shares of the Thai company
The Mighty CO. LTD. (including the activity of
and
“Mighty”)
for approximately
(not including debt) and at a valuation of
(approx.
Asahi Kasei's hollow-fiber membrane for water treatment was
selected as pretreatment membrane for
the Doha Phase 1 reverse osmosis (RO)1 seawater desalination plant
to be built near Kuwait City by Doosan Heavy Industries and Construction.
17 October 2017
Praxair, Inc. has signed a long-term agreement
to supply gaseous nitrogen to GLOBALFOUNDRIES
in Malta, New York.
ExxonMobil Chemical has commenced production on
the first of two new 650,000 tons-per-year
high-performance polyethylene lines
at its plastics plant in Mont Belvieu, Texas, USA.
The medical plastics market is expected
to reach USD 21.06 Billion by 2022,
at a CAGR of 7.3% between 2017 and 2022.
With increasing competition, varying consumer demands,
and growing technological dominance, several medical device manufacturers
are adopting medical plastics, thus fueling
the growth of the medical plastics market.
Major players such as Lubrizol (U.S.), Ensinger (Germany),
Celanese (U.S.), Trinseo (U.S.), BASF (Germany), and
Arkema (France) have adopted developmental strategies
such as expansions, agreements & collaborations,
and new product developments to grow in the medical plastics market.
From www.marketsandmarkets.com
The increasing demand for high-performance adhesives
across various end-use industries is driving
the global high-performance adhesives market.
In terms of value, the global market size is estimated
at USD 9.77 Billion in 2017 and is projected
to reach USD 13.17 Billion by 2022,
at a CAGR of 6.15% between 2017 and 2022.
Asia-Pacific accounts for a major share of the overall
high-performance adhesives market due to
the increased technological & infrastructural developments
and consumer awareness in the region. Key companies operational
in the market include Henkel (Germany), 3M (U.S.), Bostik (France),
H.B. Fuller (U.S.), Illinois Tool Works (U.S.), Avery Dennison (U.S.),
Sika (Switzerland), and Pidilite Industries (India).
From www.marketsandmarkets.com
The global alpha olefins market was USD 8.76 Billion in 2016
and is projected to reach USD 13.46 Billion by 2022,
at a CAGR of 7.8% during the forecast period. In this report,
2016 is considered the base year and the forecast period
is from 2017 to 2022.
The global alpha olefins market has a large number of market players;
however the market is led by some major players, such as
Shell (The Netherlands), Chevron Phillips (US), Ineos (Switzerland),
SABIC (Saudi Arabia), Sasol (South Africa), Evonik (Germany),
Dow Chemical (US), ExxonMobil (US),
PJSC Nizhnekamskneftekhim (Russia), and
Qatar Chemical Company Ltd (Qatar), among others.
The use of carbon dioxide and other waste gases
as a new source of raw materials is increasingly
a topic of interest at the European level.
A new consortium of 14 partners from seven countries,
led by materials manufacturer Covestro,
is now planning to investigate
how flue gas from the steel industry can be used
to produce plastics in a particularly efficient and sustainable way.
This will save crude oil, the raw material used in conventional methods.
The cross-sector project called Carbon4PUR
receives funding from the European Union.
16 October 2017
Vinnolit expands its chlorine and VCM capacities at
the chemical park Gendorf and streamlines the site.
Hexcel Corporation has expanded its existing supply agreement with
Vestas Wind Systems A/S to provide composite materials for
new generation wind blades.
Celanese annouces global capacity expansions.
Expansions to occur within company’s Compounding,
LFT and UHMW-PE assets.
AkzoNobel planning further expansion of chloromethanes capacity.
Chloromethanes are used as intermediates in the production
of pharmaceuticals, agrochemicals, refrigerants, silicone polymers
and fluoropolymers, and are important raw materials for
the construction and automotive industries, water treatment,
cookware and electronics.
13 October 2017
Successul start up of INOVYN'S new Potassium hydroxide (KOH)
facility at its Antwerp/ Lillo Site in Belgium.
INOVYN’s new KOH plant (155kT of KOH with 100kT of chlorine)
uses the latest membrane technology and forms
a key part of INOVYN’s Chlorine Strategy.
12 October 2017
Trinseo updates Full Year 2017 Outlook an provide
preliminary Third Quarter 2017 Financial Results.
Clariant heralds a new era for renewable surfactants
in hand dishwashing liquid (HDWL) detergents
with market breakthrough unique label-free surfactant
based on 100% renewable sunflower oil sourced in Europe.
Oleyl Glucamide
11 October 2017
Bostik opens new adhesives production plant in India.
The new facility will produce
advanced hot melt pressure sensitive adhesives (HMPSA)
for a number of industrial sectors such as
flexible lamination, transportation and footwear production.
It will support the strong growing demand
for its products in both India and export markets.
10 October 2017
Oxiteno’s new alkoxylation plant in Pasadena, Texas
approaches its final phase of completion and
is scheduled to start-up in the beginning of 2018.
With 170,000 tons of capacity, the new unit utilizes
an innovative alkoxylation system with the highest standard
of safety and flexibility to produce a broad range of specialty surfactants,
such as kosher polysorbates, amine and alcohol ethoxylates,
EO/PO products, sodium isethionate, high molecular weight PEGs,
and much more.
Indorama Ventures (IVL) acquires Dupont Teijin Films
strengthens IVL's high value-added product leadership.
DuPont Teijin Films (DTF), a leading global producer of
Biaxially-oriented Polyethylene Terephthalate (BOPET)
and Polyethylene Naphthalate (PEN) films with
total film/polymer capacity of 277,000 tonnes per annum.
The DTF acquisition includes 8 production assets
in the US, Europe and China,
with a global innovation center in the UK.
Cabot Corporation to Reduce Activated Carbon
Manufacturing Capacity in Marshall, Texas, USA.
BASF develops first semi-transparent polyamide
enabling parts that are transparent and highly resistant
at the same time. A versatile alternative to commonly used materials
such as amorphous aliphatic polyamides, polycarbonate
or styrene-acrylonitrile copolymers
BASF opens a production site of construction chemicals
in Saint Petersburg. The new plant has three lines which produce,
respectively, concrete additives, alkali-free concrete setting accelerators,
and tunneling shield lubricants. Read more..
AkzoNobel to doubling capacity at its Dicumul Peroxide DCP plant
in Ningbo, China. Capacity at the site was boosted by 40% in August,
following the completion of an initial project,
and is set to double to a capacity of 38,000 tons per year.
9 October 2017
SONGWON has commissioned a second
thermoplastic urethane (TPU) production line,
to become operational in the fourth quarter of 2017.
The company’s plant in Suwon, South Korea will be extended
to increase TPU production capacity
from 7,000 to 12,000 metric tons a year.
Fluor Corporation (NYSE: FLR) announced today
that it was selected by LyondellBasell (NYSE: LYB)
to perform the engineering and procurement
for its propylene oxide (PO) and
tertiary butyl alcohol (TBA) project
located at its Channelview and Bayport complexes
outside of Houston.
Royal DSM has increased capacity with the addition of
the DSM-AGI Taiwan facility for production of
UV curable coatings for its fiber optic materials business.
This expansion allows the business to meet
increased customer demand and provide
a local supply chain for the Asia market.
5 October 2017
Solvay is expanding its global production capacity
in sulfone polymers in India and the United States
to address significant demand growth from
mainly the medical and water treatment industries
for this high-performance thermoplastic material.
Sun Alloys , A wholly owned subsidiary of Mitsui Chemicals,
comments operation at augmented production facilities for
Thermoplastic Olefinic Elastomer to meet demand growth in
automotive materials, gaskets and civil engineering joint fillers,
building materials and grips.
4 October 2017
Solvay invests to double its high molecular weights hindered amine
light stabilisers (HMW HALS) at its manufacturing capacity
in Willow Island, WV, USA.
BASF develops a material for window profiles with high thermal insulation
based on engineering plastic PBT Ultradur®.
BASF has now developed
an Ultradur® (PBT, polybutylene terephthalate),
modified for co-extrusion with PVC,
that replaces steel in PVC windows as the stiffening element.
The outcome is impressive because the window is equally strong
while being lighter and more cost-effective. Its insulation performance
is also superior, with the Uf value being significantly reduced
by 0.1 W/(mK).
3 October 2017
Teijin’s Aramid Business today announced
the completion of a new production line
at its Technora production facility in Matsuyama, Japan.
As of now extra Technora capacity is available
for Teijin Aramid’s customers globally.
LANXESS intends to cease production at its Ankerweg site
in Amsterdam, Netherlands, where it produces base oils
for industrial lubricants. Operations shall be terminated
latest in November 2018.
Givaudan is excited to announce
the formation of a strategic partnership with
Draco Natural Products, Inc. for the development
of a new proprietary line of bioactive botanical ingredients
for the use in its Active Beauty business.
2 October 2017
SUEZ's acquisition of GE Water & Process Technologies,
which takes effect on September 30th, 2017,
will establish the company as
the world leader on the industrial water market.
In broader terms, SUEZ will have unequalled capacity
to offer global support for industry in resource management.
Saudi Aramco has entered into a strategic partnership
with Petronas Chemicals Group Berhad (PCG)
to enhance the value and competitive positioning
of its petrochemicals projects within
the PETRONAS Pengerang Integrated Complex (PIC)
in the southern Malaysian state of Johor.
Ferro Corporation today announced that it has entered into
a definitive agreement to acquire
a global producer of high-value coatings and key raw materials
for the ceramic tile market.
BASF completes tranfer of leather chemicals business to
Stahl Group. Read more..
WWW.CHEMWINFO.COM BY KHUN PHICHAI
