Songwon Industrial Group and Heraeus announced today that they have signed a co-operation agreement to jointly develop and market high end specialty chemicals for the electronics industry.
This new co-operation combines Songwon’s strong expertise in R&D and chemical manufacturing with Heraeus’ technical capabilities and high reputation in the electronics chemical industry, thereby broadening both companies’ access to the global electronics market.
Under the agreement, the high end specialty chemicals co-developed for the electronics and semiconductor market will be produced by Songwon and marketed by Heraeus along with its existing portfolio.
Heraeus already offers numerous high end products, such as conductive polymers and printing pastes for printed electronics like touchscreens.
By Scott Jenkins
Source: Chemical Engineering
ExxonMobil Corp. (Spring, Tex.) announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.
Ineos Enterprises has announced the acquisition of Eramet Titanium & Iron (ETI) from Eramet for €230 million ($245 million). The deal was completed on Sept. 21 and takes immediate effect, following the satisfaction of regulatory approvals.
Arxada has appointed Sanjeev Rastogi as Chief Executive Officer (CEO), effective immediately. He succeeds Marc Doyle who led Arxada since its foundation and will join the company’s board of directors as a non-executive member.
