Sika said today that it has agreed to acquire certain assets of Grupo Industrial Alce in Mexico, extending Sika’s range of solutions for roofing and waterproofing customers, and further expanding its manufacturing footprint in Mexico to better serve the Mexico City metropolitan area.
The addition of Grupo Industrial Alce’s brands will reinforce Sika’s position in key project management and specification selling. The product offerings of the two companies are complementary and will allow Sika to become market leader in bituminous membranes and number two in liquid-applied membranes in the fast-growing Mexican market. The acquisition adds a production facility close to Mexico City.
“Already having a strong position in the distribution sales channels, the addition of the acquired brands will increase our penetration into key projects and support our growth strategy.The added production capacity will also enable Sika Mexico to expand its portfolio of locally produced solutions for roofing and waterproofing,” said José Luis Vázquez, regional manager/Latin America:
By Natasha Alperowicz
Source: Chemical Week
INEOS Styrolution, the global leader in styrenics, has today announced the official opening of a new world-scale ABS[1] 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.
