Chemicals & Converting

Economy buoys Japanese chemical makers

May 18, 2018

Several of the largest chemical companies in Japan reported surges in earnings for the fiscal year that ended March 31. The companies credited strong demand across their product lines, some of this partly the result of environmental crackdowns in China. Asahi Kasei, a producer of..

Arkema: Bostik steps up its development in adhesives in Japan

May 17, 2018

Arkema has announced the proposed acquisition by the Bostik-Nitta joint-venture of the industrial adhesives of Nitta-Gelatin Inc., as well as the construction of a new world-scale adhesives plant in Japan. These operations will enable Bostik to supply its Japanese customers in the buoyant nonwoven markets..

Matthias L. Wolfgruber voted in as new Chairman of LANXESS Board

May 17, 2018

Dr. Matthias L. Wolfgruber (64) is the new Chairman of the Supervisory Board of LANXESS AG. At its constituent meeting, the Supervisory Board of the specialty chemicals company elected the doctor of chemistry and former CEO of Altana AG as the successor to Dr. Rolf..

Total seeks waiver from US authorities for South Pars 11 project in Iran

May 16, 2018

Total said today that unless it is granted a specific waiver for its huge South Pars 11 (SP11) energy project in Iran it will have to wind down all related operations. The news follows President Donald Trump’s announcement on 8 May that the United States..

Europe’s bottled water industry signs up to major plastic goals

Europe’s bottled water industry has announced two major commitments that will strengthen its effort on reducing plastic waste. Members of the European Federation of Bottled Waters (EFBW) will commit to collecting 90% of all PET bottles by 2025 as an EU average, ensuring discarded plastic..

Univar appoints David Jukes as President and CEO

May 14, 2018

Univar Inc., a global chemical and ingredient distributor and provider of value-added services, announced today that its board of directors has appointed David Jukes as the Company’s president and CEO as well as to its board of directors, effective May 9, 2018. Jukes succeeds Stephen..

Sika, Saint-Gobain sign deal to end bitter takeover battle

May 14, 2018

One of the most acrimonious takeover fights in Europe, which raged for more than three years, is drawing to a close. Cie. de Saint Gobain SA, Swiss adhesives maker Sika AG and its founding family unveiled a complex accord Friday to end a protracted Swiss..

Adnoc CEO confirms talks on taking stake in $44-billion Ratnagiri project in India

May 14, 2018

State-owned energy group, the Abu Dhabi National Oil Co. (Adnoc) is in discussions to acquire a stake in India’s $44-billion Ratnagiri refining and petrochemical project in the state of Maharashtra. Adnoc would acquire part of Saudi Aramco’s 50% share in the project. Sultan Ahmed al-Jaber,..

Platform Specialty Products acquires electronic adhesives maker HiTech

Platform Specialty Products Corporation announced today that its MacDermid Performance Solutions business, which comprises the Performance Solutions segment, successfully closed the strategic acquisition of HiTech Korea Co., Ltd. HiTech is an innovative provider of non-conductive electronic adhesives that serve a variety of end-markets including mobile..

Univar announces agreement to acquire Earthoil

Univar Inc., a global chemical and ingredient distributor and provider of value-added services announced today that its wholly owned subsidiary, Univar Ltd., has reached an agreement to acquire Earthoil, a subsidiary of Treatt plc, the London-listed manufacturer and supplier of innovative ingredient solutions for the..