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May 28, 2014
Westlake Chemical Corp. (Houston; www.westlake.com) has announced that it has signed a definitive agreement to acquire Germany-based Vinnolit Holdings GmbH and its subsidiary companies from Advent International, a private equity firm. Vinnolit is an integrated global leader in specialty polyvinyl chloride (PVC) resins. The acquisition price of €490 million will be financed using existing...
May 23, 2014
PAS, Inc. (Houston; www.pas.com), a provider of software for process safety, cybersecurity and asset reliability for the energy, power and process industries worldwide, and Tripwire, Inc. (Portand, Oreg.; www.tripwire.com), a global provider of risk-based security and compliance management solutions, have announced a technology partnership and integration. The partnership is part of the...
May 23, 2014
Both the Global and the U.S. Chemical Production Index (CPRI) rose during April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C.; ). Both the Global and the U.S. Chemical Production Index (CPRI) rose during April, according to the latest Weekly Chemistry and Economic Report from the American Chemistry Council (ACC; Washington, D.C....
May 20, 2014
BASF SE (Ludwigshafen, Germany; www.basf.com) today announces the launch of commercial production of LFP (lithium iron phosphate) cathode materials in Weimar, Germany. BASF is operating a 3,000 metric ton (m.t.) per year plant in Weimar, leveraging LFP precursors produced at the BASF headquarters site in Ludwigshafen. IBU-Tec, a specialist in rotary kiln technology and systems, is carrying out operations...
May 19, 2014
Evonik Industries AG (Essen, Germany; www.evonik.com) has commenced an integrated production complex for isophorone and isophorone diamine in Shanghai, China. The company has invested over €100 million in the facilities, which will have an annual output capacity of 50,000 metric tons. Construction in the Shanghai Chemical Industry Park (SCIP) took less than two years. Evonik primarily plans to use the...
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