Sika AG said Aug. 19 that it has placed an inaugural hybrid capital bond with a total amount of €1 billion split into two €500-million tranches. The net proceeds of the transaction will be used for general corporate purposes including financing of bolt-on acquisitions and refinancing of existing financial indebtedness, the company said.
Outokumpu Oyj (Helsinki, Finland) is inaugurating a new agglomeration plant for biocoke in Tornio, Finland. The plant enables the replacement of fossil coke with biomass-based biocoke in ferrochrome production. The investment marks a significant step forward in the company’s efforts to reduce its direct carbon dioxide emissions and develop low-carbon stainless steel production.
Tioxide Materials Limited (Tioxide) recently announced the successful recommissioning of the titanium dioxide (TiO2) pigment production facility at Greatham in Hartlepool, UK, marking a major milestone following LB Group’s acquisition of the site and its associated TiO2 pigment assets earlier this year.
