Arkema will divest two South African subsidiaries Ferro Industrial Products Proprietary Limited

Arkema to divest two South African subsidiaries

11:57 AM, 13th December 2013
Arkema will divest two South African subsidiaries

COLOMBES, FRANCE: Arkema will divest its two South African subsidiaries, Arkema Resins Proprietary Limited and Harveys Composites Proprietary Limited to South African company, Ferro Industrial Products Proprietary Limited, specialized in the manufacture and distribution of materials for coatings and composite markets. Arkema will retain a presence in South Africa in the field of coatings, through the company Ferro, via licensing agreements and distribution. This proposed sale is subject to approval by the competition authorities in South Africa. Completion of the transaction is expected during the second quarter of 2014.


© Worldofchemicals News 



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

PPG appoints new general manager for Asia Pacific, Astroth

PITTSBURGH, US: PPG Industries’ fibre glass business has appointed August A “Gus” Astroth as general manager and Asia Pacific leader ...

Read more
BASF expands mobile emissions catalysts capacity in Chennai, India

CHENNAI, INDIA: BASF Catalysts India Private Limited is expanding its mobile emissions catalysts production capacity in Chennai, India. The facility w ...

Read more
Praxair opens carbon dioxide purification facility in Hopewell, US

DANBURY, US: Praxair Inc has started its new carbon dioxide (CO2) purification facility at the Honeywell Resins & Chemicals site in Hopewell, Virg ...

Read more
Novozymes, Monsanto JV for sustainable microbial products research

COPENHAGEN, DENMARK/ST LOUIS, US: Novozymes and Monsanto Company have signed a long-term strategic alliance to transform research and commercializatio ...

Read more
New efficient method for removal of uranium, heavy metals from water

JOENSUU, FINLAND: Researchers at University of Eastern Finland have found a new and efficient method for the removal of uranium and other heavy metals ...

Read more
Airgas builds second ASU in Bozrah, US

RADNOR, US: Airgas Inc plans to expand its atmospheric gas production capacity in New England by building a second air separation unit (ASU) in Bozrah ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X