Sustainable packaging provider Sonoco Products Co. recently announced a $30 million capital investment to expand its production capacity in the growing adhesives and sealants (A&S) market. This initiative will add 100 million additional units of annual capacity, ensuring Sonoco continues to meet increasing market demands. The investment includes both the enhancement of existing production lines […]
AkzoNobel presented a plan to its employee representatives and its employees in France that includes a €22 million investment to establish the Montataire site as a flagship for decorative paint production. This initiative reflects the company’s long-term commitment to industrial excellence and to its operations in France. These measures are designed to modernize and optimize […]
Westlake Innovations Inc., a subsidiary of Westlake Corp., has invested in Universal Matter Inc., based in Burlington, Ontario. Universal Matter Inc.’s vision is to become the leading supplier of high-quality and sustainable graphene and advanced materials to help decarbonize the planet. Westlake’s action builds upon the company’s commitment to helping develop a more sustainable future […]
Covestro recently announced plans to build a pilot plant for recycling of elastomers. The company will fund the development and construction project of the state-of-the-art pilot plant at Covestro’s site in Leverkusen, Germany. The construction is estimated to take about one year until technical completion. According to Covestro, the technological development to recycle Vulkollan® marks […]
Omya, a global producer of essential minerals and worldwide distributor of specialty materials, recently announced the company is investing in a new production facility for closed-cell expanded perlite products at its existing site in Moerdijk, Netherlands. Products manufactured in the new facility will be sold under the Omyasphere 200 series brand. Bernd Balzereit, vice president […]
Covestro has signed an investment agreement with certain entities of the UAE’s state-owned oil company, ADNOC Group, including ADNOC International Limited and its subsidiary, ADNOC International Germany Holding AG. The agreement stipulates, among other items, that ADNOC International Germany Holding AG will make a public takeover offer for all outstanding shares of Covestro at a […]
Covestro LLC is investing more than $40 million in a series of modernization and technical upgrades across its nine-building Pittsburgh, Pennsylvania, headquarters. Covestro has been in its campus along the parkway west in Pittsburgh since 1958. The site, which employs roughly 700 people, functions as the business headquarters for the North American region and is […]
Kraton Corp. has completed a $35 million investment to upgrade its crude tall oil (CTO) biorefinery towers in its Panama City, Florida manufacturing facility. The new infrastructure was completed in November with the highest safety and quality standards, for continued service to its customers. “We are excited to unveil this strategic investment in our biorefinery […]
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