German carbon specialist SGL Group said it had completed the carve-out of its graphite electrode business into a self-contained unit, paving the way for a possible exit.
The division known as Performance Products, which makes electrodes for steel recycling and cathodes for the production of aluminium, was initially scheduled to be carved out by the end of 2016 but a continued slump in the global scrap metal recycling industry prompted SGL to ramp up its restructuring efforts.
SGL said in March potential bidders for the graphite electrodes business had received first information packages and that two investment banks had been mandated for a sale. (Reporting by Ludwig Burger and Patricia Weiss; Editing by Maria Sheahan)
Source: Reuters
Vynova Alkoxides GmbH is beginning the construction of a new alcoholates plant at Chemiepark Lülsdorf GmbH in Lülsdorf, Germany. An external engineering company has been contracted to complete the basic design by the summer.
With an investment of approximately €130 million, the Alpha Bio facility will start production in late 2027, converting up to 44,000 MT of plant sugars to bioproducts, including high-performance biopolymers for use in various applications, such as home and personal care and industrial solutions.
For about eight months, DuPont had been planning to spin off into two divisions, but in late January decided to only create one spinoff company, focusing on creating electronics materials and solutions. On Monday, March 17, the company announced the leaders who will take over the spinoff as chief executive and chairman of the board of directors for the new company. Here are the details.
