Headquartered in New York City, Arsenal has previously built Accella Performance Materials, a polyurethanes systems company, through nine strategic acquisitions, and Elite Comfort Solutions, a manufacturer of specialty polyurethane foam technologies serving the bedding market.
The project, which is expected to cost approximately US$1.72 billion, is the largest single investment in Covestro’s history.
Celanese expects to operate Next Polymer’s thermoplastic compounding product portfolio and production capabilities within the company’s engineered materials business.
Kadri, 49, will begin training with outgoing CEO Jean-Pierre Clamadieu in January and officially take over the spot on March 1, 2019.
The plant – which will have a targeted production capacity of 750,000 tonnes per year – is scheduled to start up in the first half of 2022.
The new unit will use Borstar technology and more than double the site’s polyethylene capacity to 1.1 million tonnes per year, with a start-up scheduled in 2021.
Petruch assumes leadership of Parsippany, N.J.-based Sun Chemical after serving as president of Sun Chemical Performance Pigments and general manager of the Pigments Products Division since 2008.
France-based Nakan has eight production facilities worldwide and makes products used in the automotive, building and construction, and medical industries.
Construction of the facility is scheduled to be completed in September 2019, with start-up planned for October 2019.
But Univar also said that it has hired an external advisor “to evaluate strategic alternatives for Nexeo’s industry-leading plastics business, which may include a potential divestiture of the business.”
A memorandum of understanding signed by the two companies calls for Clariant to combine its additives and high value masterbatches with parts of Sabic’s specialties business to create a new joint venture business for high performance materials.
California-based Bolcof’s sales territory includes key accounts in Canada.
Rehau and MB Barter will combine both their competencies in a new organization under one umbrella brand.
Construction of the new project is targeted for mid-2019 and production is scheduled to begin in 2020.
Sun Plastech Inc., the manufacturer and distributor of AsaClean purging compounds, has appointed Joseph Serell as its new president. Serell succeeds outgoing president Glenn Kornfeld, who will assume new responsibilities at Sun Plastech’s parent company Asahi Kasei America, which is…
Chemical maker Sabic has won regulatory approval to buy a quarter of Swiss chemicals maker Clariant, which will make it Clariant’s biggest single shareholder.
The four companies are all owned by New York City-based private equity firm Arsenal Capital Partners.
The name-change comes one year after the specialty chemical distributor was purchased by IMCD.
The deal includes the purchase of the wholly owned Chinese polystyrene business including two production sites in Ningbo and Foshan and two related offices in Guangzhou and Shanghai.
Kumho Polychem’s Innoprene TPV line includes 43 grades which are targeted for seal, gasket, cover, and hose applications for the automotive, industrial, electrical, sporting goods, and furniture markets.