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NEWS M & A PRICING R & D ACADEMICS EVENTS

6:39 AM, 9th November 2012

Orascom stops fertilizer plants, citing gas supply issues

CAIRO, EGYPT: Orascom Construction Industries (OCI) has stopped production at three fertilizer lines after the state gas company cut off supplies from a gas field for emergency maintenance. Egypt, a net gas exporter, has been suffering fuel shortages and electricity cuts due to growing consumption, forcing the government to divert gas contracted for export to the domestic market, said energy industry sources. The government has been in talks with Qatar over the past few weeks to import liquefi ...

9:48 AM, 28th March 2014

DuPont opens expanded research facility in Delmas, South Africa

DELMAS, SOUTH AFRICA: DuPont has opened a newly expanded research facility at Delmas, South Africa, that will serve as the core of the DuPont Africa regional technology centre. The technology centre is designed to help advance DuPont’s ongoing efforts to accelerate seed product development for Africa’s farmers and help them better manage key agronomic challenges, including pest and disease pressure, climate volatility and nutrient-depleted soils. Delmas will serve as the central hub ...

10:46 AM, 2nd May 2013

Frutarom acquires South African firm for $5.2 million

HAIFA, ISRAEL: Frutarom Industries Ltd has signed an agreement for the acquisition of the South African JannDeRee (Pty) Limited company for the sum of $5.2 million. Frutarom will take immediate actions to integrate activities, including integration of R&D, marketing and sales infrastructures, purchase, production and supply. JannDeRee’s management, headed by its Managing Director, will become part of Frutarom’s management in Africa, and they will act jointly to accelerate Fruta ...

5:12 AM, 17th April 2013

Fluor awarded SAPREF’s Clean Fuels project contract in Durban, South Africa

IRVING, US/JOHANNESBURG, SOUTH AFRICA: Fluor Corporation was awarded a front-end engineering and design (FEED) contract by South African Petroleum Refineries (SAPREF), joint venture between Shell SA Refining and BP Southern Africa, for its Clean Fuels II Project in Durban, South Africa. The undisclosed contract value was booked in the first quarter of 2013. This new contract will be the first to be executed in Africa under Shell’s enterprise framework agreement with Fluor that encompasses ...

9:52 AM, 16th April 2013

Songwon appoints Sun Ace as sub-Saharan Africa distributor

ULSAN, KOREA: Songwon Industrial Group has appointed Sun Ace of South Africa (Pty) Ltd as their new exclusive distributor for the sub-Saharan Africa region for antioxidants, UV’s (both Sabostab Hindered Amine Light Stabilizers, Songsorb Ultraviolet Light Absorbers), One Pack Systems (OPS), Rubber-Chemicals, Tin Intermediates, SAP and Ink Binders. Sun Ace will be responsible for the sales and distribution of Songwon’s products in the sub-Saharan Africa region including the West Afr ...

11:03 AM, 4th April 2013

Sasol sells Sasol Gulf assets to Anichem

JOHANNESBURG, SOUTH AFRICA: Sasol Olefins & Surfactants (Sasol O&S), a subsidiary of the international energy and chemical company Sasol Ltd, has sold the entire share capital of GD Portbury Ltd (Sasol Gulf) to Anichem FZC in Dubai (UAE). This deal is effective from 31 March 2013. The sale allows Sasol O&S to strengthen the focus on its strategy. Anichem FZC, a member of the Al Nahda International Group, will maintain the existing Sasol Gulf facility and retain the staff employed. & ...

4:52 AM, 21st March 2013

Tata Consulting Engineers bags Dangote’s fertiliser plant contract in Nigeria

ABUJA, NIGERIA: Tata Consulting Engineers has bagged a contract to provide project management consultancy service to Nigeria-based firm Dangote Group for its new $1.9 billion fertiliser plant. The proposed plant with production capacity of 2,200 tonne per day of ammonia and 7,700 tonne per day of granulated urea besides two trains with capacity of 3,850 tonne per day - would be the largest fertiliser plant in Nigeria, Africa. “We are happy to partner with the Dangote Group which is one ...

4:37 AM, 4th March 2013

Oiltanking to acquire Grindrod Tank Terminals

CAPE TOWN, SOUTH AFRICA: Oiltanking Grindrod Calulo (Pty) Ltd, subsidiary of Oiltanking GmbH, has entered into an agreement to acquire the business of Grindrod Tank Terminals a division of Grindrod (South Africa) (Pty) Ltd. The transaction is subject to relevant regulatory approvals. This acquisition adds a liquid bulk terminal in Durban and one in Cape Town to the global network of Oiltanking. The business further consists of a specialized road tanker fleet. Both terminals play a key role in ...

8:58 AM, 25th February 2013

Indorama to acquire packaging business in Nigeria

BANGKOK, THAILAND/ABUJA, NIGERIA: Indorama Ventures Public Company Limited (IVL) approved the acquisition of a packaging company in Nigeria, Africa, producer of PET preforms that are later blown into bottles by its customers of water or carbonated soft drinks. This acquisition will be a forward integration for Indorama Ventures PET segment which set up an 84,000 metric tonne per annum PET bottle resin manufacturing unit in Nigeria in 2012. This acquisition will enable IVL to grow the demand ...

7:00 AM, 25th February 2013

Mylan launches portfolio of antiretroviral products in South Africa

JOHANNESBURG, SOUTH AFRICA/PITTSBURGH, US: Mylan Inc, one of the world’s leading generic and specialty pharmaceutical companies, announced that its subsidiary in South Africa, Mylan (Proprietary) Limited, has launched a comprehensive portfolio of antiretroviral (ARV) products. South Africa has the world’s largest HIV/AIDS population, with approximately 5.6 million people living with the disease and an estimated 1.7 million people receiving treatment. Mylan’s South African AR ...

6:40 AM, 25th February 2013

Statoil’s In Amenas gas facilities starts limited production

IN AMENAS, ALGERIA: The In Amenas gas facilities in Algeria operated by the Joint Venture partners Sonatrach, BP and Statoil, initiated a limited production start-up on 22 February 2013. Production from the plant’s train 1 was started-up following a detailed review of technical integrity, security, and other conditions, and after the partners had concluded that the criteria required to ensure a safe restart of train 1 had been met. The remaining two production trains were damaged during t ...

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