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7:35 AM, 9th May 2015
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Syngenta rejects $45 billion Monsanto takeover offer

ZURICH, SWITZERLAND/LONDON, UK: Agrochemicals firm Syngenta AG on Friday rejected a $45 billion takeover offer from Monsanto Company, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. Sources had told overnight that the two agricultural companies were working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion. But on Friday Syngenta said its board had unanimously rejected ...

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6:11 AM, 19th May 2015
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Chiyoda, CB&I, Saipem JV in the run for Mozambique LNG project

THE WOODLANDS, US: Chiyoda Corporation, Chicago Bridge & Iron Company NV (CB&I) and Saipem SpA said that the three companies’ joint venture CCS JV, has been selected as contractor for the initial development of the onshore LNG park in Mozambique by Anadarko Petroleum Corporation on behalf of the co-venturers in Mozambique’s offshore area 1. The selection of CCS JV is subject to negotiation and entry into a definitive agreement prior to Anadarko and its co-venturers taking a f ...

7:35 AM, 9th May 2015
0

Syngenta rejects $45 billion Monsanto takeover offer

ZURICH, SWITZERLAND/LONDON, UK: Agrochemicals firm Syngenta AG on Friday rejected a $45 billion takeover offer from Monsanto Company, saying the offer undervalued the Swiss firm and did not fully take into account regulatory risks. Sources had told overnight that the two agricultural companies were working with investment banks on a takeover deal that would create an industry behemoth with combined sales of more than $31 billion. But on Friday Syngenta said its board had unanimously rejected ...

6:51 AM, 26th February 2015
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Air Liquide to supply industrial gases to Sasol in Johannesburg, South Africa

PARIS, FRANCE/JOHANNESBURG, SOUTH AFRICA: Air Liquide and Sasol, an international integrated energy and chemicals company, have signed a long-term agreement for the supply of large quantities of industrial gases to Sasol’s Secunda site, around 140 km East of Johannesburg, South Africa. Air Liquide will invest around €200 million for the construction of the largest air separation unit (ASU) ever built, with total capacity of 5,000 tonne of oxygen per day (equivalent to 5,800 tonne per ...

9:48 AM, 28th March 2014
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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
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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
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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
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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
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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
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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
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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 ...

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