Belgian chemicals and plastics company Solvay has announced plans to acquire Rhodia in a deal valuing the French company at €3.4bn. Solvay is offering €31.60 for each Rhodia share in cash as part of a friendly deal. The new group will have sales of €12bn.
APPE has invested €10m in increasing capacity at its PET recycling plant in Beaune, France, by 40%.
European masterbatch supplier Gabriel Chemie plans to double its production capacity in Russia during 2011.
Lanxess is expanding its global production network for high-tech plastics. The specialty chemical company broke ground today on a new compounding facility in the United States. Additionally, Lanxess and U.S. chemical company DuPont will double the capacity of their joint compounding facility in Hamm-Uentrop, Germany.
Husky Injection Molding Systems today announced its intention to acquire KTW of Waidhofen, Austria, recognized as a global leader in closure mold making.
In spite of the economic slowdown, global beverage closure demand has continued to grow, according to a report from UK beverage research company Canadean.
Borealis, a leading provider of chemical and innovative plastics solutions, and its joint-venture in the Middle East and Asia, Borouge, confirmed at K 2010 their plans to be key players in the development of a new generation of lightweight electric vehicles.
LyondellBasell has successfully started up a new 320 KT per year Hostalen Advanced Cascade Process (ACP) high density polyethylene (HDPE) plant at Münchsmünster, Germany.
With an annual capacity of 100,000 tons, the new plant will produce XSB dispersions for the paper industry and acrylic dispersions for industries such as coatings, construction, printing & packaging and adhesives.
Monolayer barrier blend providing oxygen ingress barrier to PET containers
DSM Engineering Plastics and Resinex sign distribution agreement to strengthen presence in Eastern European market.
Royal DSM the global Life Sciences and Materials Sciences company headquartered in the Netherlands, has today inaugurated its new Stanyl ForTii Production Unit.
