Trinseo (Berwyn, PA) has completed its $82-million acquisition of Applicazioni Plastiche Industriali S.p.A (API, Mussolente, Italy).
API’s Mussolente manufacturing and research facility and all of its business, employees, and assets will be integrated into Trinseo’s performance plastics business.
“We will be able to grow the combined business by leveraging API’s soft-touch polymers and Trinseo’s rigid polymers to our collective customer base in all geographies,” says Chris Pappas, president and CEO of Trinseo.
By Dustin Smith
Source: Chemical Week
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.
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.
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.
