6:24 PM, 30th June 2015

BASF opens online store on Alibaba in China

SHANGHAI, CHINA: BASF said it is making its solutions more accessible to small and medium-sized enterprises (SMEs) with its first online store on Alibaba’s e-commerce platform. SMEs that produce goods such as household electric appliances, coatings and ink, feed and packaged food and beverages as well as textile and furniture can now buy a wide range of BASF solutions directly from the online store, including polyamide, MDI, pigments and dispersion, nutrition and health ingredients. The s ...



5:48 AM, 18th June 2015

Applied Graphene Materials gets first patent for production process

REDCAR, UK: Producer of specialty graphene materials Applied Graphene Materials Plc said that it has received patent approval from the Japanese patent office in respect of its graphene production process. The patent covers the proprietary process used by the group for manufacturing graphene nanoplatelets. This approval is the first of the group’s patent applications to be granted. Applications relating to the production process have been made in a total of five other geographic territori ...

5:04 AM, 18th June 2015

Shell, BG $70 billion deal crosses key milestone with US clearance

LONDON, UK: US regulators have given the green light for Royal Dutch Shell’s proposed $70 billion acquisition of British rival BG Group, the first clearance for the biggest deal in the energy sector in over a decade. The two companies said on Tuesday the United States Federal Trade Commission (FTC) had cleared the deal. The deal, which the companies aim to complete by early 2016, will require further regulatory clearances from all the countries BG operates in, including the European Unio ...

10:13 AM, 15th June 2015

IOC in talks to buy Tamil Nadu Petroproducts’ petrochemical plant

NEW DELHI, INDIA: India’s Fortune 500 firm, Indian Oil Corp Ltd is scouting around for an acquisition in the petrochemicals segment, three people familiar with the development said. “As part of a consolidation exercise, IOC has initiated talks to buy out the linear alkyl benezene (LAB) plant of South India-based Tamilnadu Petroproducts Ltd. The discussions are at a preliminary stage,” said one of the three sources cited above. LAB is a raw material used in the manufacture of d ...

9:16 AM, 15th June 2015

Novasep signs two supply deals, expands presence in Japan

POMPEY, FRANCE: Manufacturing solutions provider Novasep SAS said it it expanding its presence in Asia by signing two partnership agreements with local agents Allied Laboratories and AR Brown, for the Japanese market. Allied Laboratories, a consulting company provides business development and technical services for Novasep Prochrom, Hipersep, Varicol, Supersep and BioSC chromatography and bio-process equipment in the Japanese market in close co-operation with Novasep Asia, the company’s S ...

7:14 AM, 12th June 2015

PPG to acquire US-based firm IVC Industrial Coatings

PITTSBURGH, US: PPG Industries Inc said that it has agreed to acquire the US-based IVC Industrial Coatings Inc, a specialty powder and liquid coatings manufacturer with sales of more than $100 million in 2014. The transaction is expected to close in the third quarter and financial terms were not disclosed. “Acquiring IVC, which has a large, global distribution footprint, will strengthen our ability to serve a variety of end-use markets and enhance PPG’s supply positions in the US an ...

1:13 PM, 11th June 2015

Goodyear signs rice husk ash silica supply agreement in China

AKRON, US: The Goodyear Tire & Rubber Company has reached a supply agreement with Yihai Food and Oil Industry in China for silica derived from rice husk ash. Goodyear will begin using the silica this year in a consumer tire that will be manufactured in its factory in Pulandian, China for the Chinese market. In addition to the agreement with Yihai, Goodyear is negotiating agreements with additional suppliers. Financial details of the agreements are not being released. Goodyear has teste ...

12:25 PM, 11th June 2015

Panasonic Healthcare to acquire Bayer diabetes care biz for €1.02 bn

TOKYO, JAPAN: Panasonic Healthcare Holdings Co Ltd said it has agreed to acquire Bayer AG’s diabetes care business for €1.02 billion ($1.15 billion). Panasonic Healthcare, backed by funds sponsored by global investment firm KKR and the Panasonic Corp expects to close the transaction in the first quarter of 2016. Bayer diabetes care (BDC) is a leading provider of blood glucose monitoring systems and  generated sales of €909 million in 2014. Panasonic Healthcare develops and ...

10:23 AM, 11th June 2015

Solvay starts two new large-scale alkoxylation plants in Europe and Asia

BRUSSELS, BELGIUM: Solvay SA said it has started production at its two new large-scale and “on-pipe” alkoxylation facilities in Moerdijk, the Netherlands, and in Singapore. Both units are located in integrated petrochemical hubs and receive ethylene oxide via dedicated pipelines, providing a secure supply of this key raw material for a wide range of specialty surfactants by Solvay’s Novecare business. “Both facilities in Moerdijk and in Singapore are platforms for provid ...

11:43 AM, 7th June 2015

Asahi Kasei’s US subsidiary to buy purging compounds maker Novachem

TOKYO, JAPAN: Chemical and materials science firm Asahi Kasei Corp said that its Parsippany, US-based subsidiary Sun Plastech, purging compound Asaclean manufacturer, has agreed to acquire assets of Bridgeport-based purging compounds maker Novachem, to further expand it’s position as the leading provider of purging compounds in the plastics industry. With the acquisition Sun Plastech can offer customers a wide array of quality selections of purging products in almost all purging scenarios ...

10:49 AM, 7th June 2015

SEC investigates allegations of misspending by Dow Chemical CEO

NEW YORK, US: The US Securities and Exchange Commission is investigating allegations that Andrew Liveris, chairman and chief executive officer of the global chemicals giant Dow Chemical Co, misused company funds for personal benefit, according to people familiar with the matter, reported the news agency Reuters on thursday. It is not clear whether the SEC investigation is limited to the spending allegations or is broader in scope. Also unclear is whether regulators have ordered Dow, Liveris or ...

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