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 phones, automotive, camera modules and LEDs for consumer devices. Over nearly 30 years, HiTech has developed many quality products that serve numerous large, global customers. The business is based in South Korea with an additional presence in Vietnam.
Scot R. Benson, President of MacDermid Performance Solutions, said “We are excited to welcome HiTech into our portfolio of high-quality businesses around the world. We believe HiTech’s products are very complementary to our existing customer offerings within our global electronics business and believe customers of both companies will benefit from this combination. The team at HiTech brings an impressive culture of innovation and customer service which lies at the heart of all our businesses. This is another great step towards our goal of providing the most comprehensive product portfolio to our loyal customer base.”
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS facility located in Ningbo, China, together with its joint venture partner SINOPEC. The facility has an annual nameplate capacity of 600,000 tonnes.
The merger of Röhm’s Acrylic Products business unit and SABIC’s Functional Forms business has resulted in the formation of Polyvantis. This new company will offer extruded products in the forms film, sheet, pipe and rod for markets that include building and construction, transportation and aviation, electrical and electronics, automotive and home and garden.
Abu Dhabi National Oil Co. (Adnoc) is considering plans to acquire upstream oil and gas company Wintershall DEA, an affiliate of BASF SE, according to a Bloomberg report citing people with knowledge of the matter. A deal to acquire Wintershall DEA could be worth more than €10 billion, the report said. BASF and Adnoc declined to comment on the report.