HELSINKI, Jan. 14, 2019 (Press Release) -Kemira has signed an agreement to establish a joint venture – Kemira Yongsan Chemicals Co., Ltd (“NewCo”) in Ulsan, Republic of Korea, with Yongsan Chemicals, a privately-owned chemicals company in South Korea.Read more
STAMFORD, CT, Jan. 8, 2019 (Press Release) -Tronox Limited (“Tronox” or the “Company”), a global mining and inorganic chemicals company, today commented on the status of its ongoing discussions with the Federal Trade Commission seeking approval of a proposed remedy related to the acquisition of the titanium dioxide (TiO2) business of The National Titanium Dioxide Company Limited (Cristal). Throughout the duration of the partial shutdown of the U.S.Read more
STAMFORD, CT, Dec. 10, 2018 (PRNewswire) -Tronox Limited (“Tronox” or the “Company”), a global mining and inorganic chemicals company, today confirmed receipt of an Initial Decision by the Federal Trade Commission’s chief administrative law judge (ALJ) that the proposed acquisition of the titanium dioxide (TiO2) business of The National Titanium Dioxide Company Limited (Cristal) may substantially lessen competition for the sale of chloride-based TiO2 in North America. Tronox, Cristal and INEOS Enterprises A.G.Read more
NORTH CHARLESTON, SC, Dec. 10, 2018 (Business Wire) -Ingevity Corporation today announced it has reached an agreement with Perstorp Holding AB to acquire the Capa caprolactone division of Perstorp in a cash transaction valued at approximately €590 million (approximately $675 million). The acquisition is subject to certain regulatory approvals and other customary closing conditions, and Ingevity expects to close on the transaction late in the first quarter of 2019.Read more
HELSINKI, Dec. 4, 2018 (Press Release) -Metso has closed the acquisition of the UK-based combustion solutions and technology provider Kiln Flame Systems Ltd., KFS, to extend its pyro processing portfolio and capabilities.
KFS specializes in rotary kiln and calcining processes, combustion optimization and burner technologies with patented designs. It provides solutions to a wide range of industries including minerals processing. KFS has 14 employees based in High Wycombe, United Kingdom.Read more
HELSINKI, Nov. 1, 2018 (Press Release) -Metso has today successfully completed its acquisition of the valve automation division of India based Rotex Manufacturers and Engineers Private Limited (RMEPL), by acquiring all of the shares in RMEBS Controls Private Limited (RMEBS).Read more
Following Galderma-Spirig’s decision to close their Egerkingen site in September 2017, Omya International, based in neighboring Oftringen, will move research and development activities to the site. To this end, Omya is acquiring the property from Galderma-Spirig’s parent company, Nestlé Skin Health.Read more
STAMFORD, CT, Oct. 2, 2018 (PRNewswire) -Tronox Limited, a global mining and inorganic chemicals company, today announced that the 75-day exclusivity period under its Memorandum of Understanding (“MOU”) with Venator Materials PLC has expired without the two companies agreeing on definitive terms of a potential divestiture by Tronox to Venator of the Ashtabula, Ohio, titanium dioxide (“TiO2“) production complex.Read more
AMSTERDAM, Oct. 2, 2018 (Press Release) -Akzo Nobel N.V. (AKZA; AKZOY) has today announced shareholders will receive €5.5 billion, following completion of the sale of the Specialty Chemicals business. This is in addition to €1 billion advance proceeds distributed by a special cash dividend paid on December 7, 2017.
A total of €6.5 billion will have been distributed to shareholders, delivering on a commitment to return the vast majority of €7.5 billion net proceeds, from the separation of the Specialty Chemicals business.Read more