Sector News

DSM To Sell Euroresins To Cathay Investments

December 26, 2014
Chemical Value Chain
(RTTNews) – Royal DSM N.V. , a Dutch Life Sciences and Materials Sciences company, has inked an agreement with Cathay Investments for the sale of Euroresins for undisclosed terms. The transaction may close in the first quarter of 2015.
 
Euroresins, a distributor of products to the composite resins industry with activities in 9 countries in Europe, including the UK, Italy and France, realizes sales of around 90 million euros with nearly 70 employees. All employees would on the closing date transfer to the new owner.
 
The Euroresins sale is in line with the strategic actions DSM is pursuing for Composite Resins, as announced in November 2014.
 
Cathay Investments is the UK holding company for a group of companies engaged in chemical distribution and trading.

comments closed

Related News

May 21, 2022

Sika opens new manufacturing plant in Bolivia 

Chemical Value Chain

Sika AG (Baar, Switzerland) has opened a new plant in Santa Cruz de la Sierra, thus doubling its production capacity for mortar and concrete admixtures in Bolivia. With this new facility in one of the country’s main industrial agglomerations, Sika is positioning itself for continued growth in the dynamic Bolivian construction market.

May 21, 2022

Chevron increases renewable fuel market share with REG acquisition

Chemical Value Chain

Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) (REG) announced on Monday a definitive agreement under which Chevron will acquire the outstanding shares of REG in an all-cash transaction valued at $3.15 billion, or $61.50 per share.

May 21, 2022

Lotte Chemical to invest $8 bn on hydrogen energy, battery materials by 2030

Chemical Value Chain

Lotte Chemical Corp. will invest 10 trillion won ($8 billion) on hydrogen and battery materials through 2030 to achieve annual revenue of 50 trillion won and carbon neutrality. The Korean chemical producer on Thursday unveiled its new corporate vision outlining key corporate strategies with focus on growth through hydrogen energy and battery materials businesses.