Covestro announced that the company has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. With the acquisition, Covestro expands its specialty films portfolio and advances the implementation of its “Sustainable Future” corporate strategy. The transaction is expected to close in the third quarter of 2025. Christian Baier, chief Financial Officer […]
Responding to rising demand for high-quality specialty silicones in China, WACKER is expanding its production capacities at its Zhangjiagang, China, site. The group recently held a ceremony to celebrate the mechanical completion of the facilities. Going forward, the new production complex will manufacture silicone fluids, silicone emulsions and silicone elastomer gels. Production is to be […]
Perstorp and BRB, wholly owned subsidiaries of PETRONAS Chemicals Group Berhad (PCG), inaugurated a new innovation hub in Shanghai, China. This advanced laboratory opened on April 17, 2025, and will support growth in the region by increasing technical support for customers with a specific focus on the Asian market. The new Shanghai innovation hub will […]
With the mechanical completion of new production lines at the Map Ta Phut Industrial Park in Thailand, Covestro has further increased its global capacity for polycarbonate (PC) specialty films. With an investment in the higher double-digit million-euro range, the project has been completed on schedule. IT will create a total of around 40 new jobs. […]
Wacker Chemie AG recently started up two new production facilities for specialty silicones in Japan and South Korea. According to Wacker Chemie, the expansion strengthens the company’s activities in the Asian growth market. The new plants, located in Tsukuba, Japan, and in Jincheon, South Korea, will serve the growing demand from the automotive and construction […]
Berry Global Group Inc. has entered into a definitive agreement to sell its Specialty Tapes business (Tapes) to the private-equity firm Nautic Partners, LLC for a purchase price of approximately $540 million. The sale is subject to a number of closing adjustments. According to Berry Global, the Tapes business is a franchise valued by its […]
Effective for all shipments on or after December 1, 2024, or as contracts allow, Cabot Corp. will raise prices globally for carbon black products sold by its specialty carbons business. According to the company, the price increase is necessitated due to the impact of inflation on labor, maintenance, and other manufacturing operations as well as […]
Evonik recently announced that its Coating & Adhesive Resins Business Line has achieved a significant reduction in carbon emissions by powering the production of DEGACRYL® specialty acrylates in Darmstadt, Germany, with electricity from renewable sources. According to the company, this initiative, effective since the start of the year, is resulting in an annual CO2 savings […]
Due to supply and demand issues, OQ Chemicals will increase prices for the following products effective Apr. 1, 2024, or as contracts allow. In North America 2-Ethylhexanoic Acid, OXSOFT 3G8, and OXFILM 351 will all increase by $0.08/lb. The price of these three chemicals in Europe will increase by €160/mt, and in the rest of […]
Arkema is celebrating 30 years of specialty polymer recycling and is expanding its certified range. The company operates Agiplast, a high-performance polymer recycler/regenerator that became part of the Arkema group in 2021. Agiplast is a global leader in the recycling of high-performance thermoplastics since 1994. Within Agiplast, Arkema’s Virtucycle® custom recycling program has now developed […]
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