Air Liquide has entered into exclusive negotiations with French private equity firm Hivest Capital Partners for the divestment of its subsidiary CRYOPDP, a supplier of tailor-made life sciences and healthcare solutions.
The decision highlights Air Liquide’s strategy to regularly review its asset portfolio in order to focus on key businesses and geographies to maximise its performances.
The transaction is subject to the signature of a final and definite agreement between the two companies and will be carried out in the framework of the relevant social processes and ongoing dialogue with the employee representatives’ bodies.
By Molly Burgess
BASF will build a commercial scale battery recycling black mass plant in Schwarzheide, Germany. This investment strengthens BASF’s cathode active materials (CAM) production and recycling hub in Schwarzheide. The site is an ideal location for the build-up of battery recycling activities given the presence of many EV car manufacturers and cell producers in Central Europe.
Clariant says it is reducing its number of businesses from five to three, by merging units, under a reorganization that is in line with the company’s purpose-led strategy and cultural transformation. The moves will position Clariant for long-term sustainable growth, the company says.
Chemicals & plastics industry has the most diversified end-use market across all manufacturing industries. The industry returned to growth in 2021 but a supply chain crunch prevented it from becoming stronger. The market is likely to stabilize in the second half of 2022 with a supply-demand balance.