Lanxess intensifies its blow molding activitiesby Canadian Plastics
The German specialty chemicals company is setting up a global team to develop blow molding materials and also commissioning a new blow molding system at its technical centre in Dormagen.
Gelest acquires polymer maker Bimaxby Canadian Plastics
The acquisition bolsters Gelest’s portfolio of specialty materials and solutions.
BASF plans to cut 6,000 jobsby Canadian Plastics
Citing a slowing demand for chemicals, BASF said its efforts to reduce its workforce will take until the end of 2021.
Chroma Color names Gerald Baillargeon as new CFOby Canadian Plastics
Baillargeon has held CFO positions with several companies during his career.
American Chemistry Council names Christopher Jahn as new president and CEOby Canadian Plastics
Jahn currently serves as president and CEO of the Fertilizer Institute, and will succeed outgoing ACC head Cal Dooley in October 2019.
Chevron Phillips, Qatar Petroleum team up for giant petrochemical project in Middle Eastby Canadian Plastics
The new petrochemical plant will be built in Qatar, and will produce ethylene and HDPE when it comes online by 2025.
Chevron Phillips offers $15 billion for Nova Chemicals, report saysby Canadian Plastics
The Reuters news agency reports that Chevron Phillips, based in the Woodlands, Texas, was bidding more than $15 billion for Calgary-based Nova.
Ontario-based compounder Optima Colour bought by industry veteransby Canadian Plastics
Cambridge, Ont.-based Optima has been acquired by a group of purchasers headed by Kurt Stahle, the owner of material supplier Simcoe Plastics Ltd.
ExxonMobil, Sabic proceeding with chemical plant construction in Texasby Canadian Plastics
Construction of the chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas will begin in the third quarter of 2019 and startup is anticipated by 2022.
LyondellBasell drops its bid to purchase Braskemby Canadian Plastics
After more than a year of negotiations, petrochemical giant LyondellBasell Industries NV says that it has ended talks with Braskem SA’s controlling shareholder, Brazilian construction conglomerate Odebrecht SA, to acquire Braskem.
Ineos to invest $2 billion in Saudi Arabiaby Canadian Plastics
The investment to build three “world-scale” specialty chemical plants marks the British chemical giant’s first production footprint in the Middle East.
Polymer supplier Vinmar launches European distribution unit, Axia Plasticsby Canadian Plastics
Axia Plastics will initially have local sales, technical and customer service teams servicing the UK, Germany, Austria, Switzerland, and Poland.
GreenMantra Technologies: Waste not, want notby Canadian Plastics
By transforming post-consumer plastics into value-added polymers and waxes, this Brantford, Ont.-based clean technology company is offering processors a whole new world of specialty materials.
Sabic makes new investment in high-heat Ultem, Extem resin capacityby Canadian Plastics
The company’s new production facility in Singapore is due to come on-stream in the first half of 2021.
BASF announces plans to build its largest Asian plastics plantby Canadian Plastics
The 60,000-metric-ton annual capacity engineering plastics compounding plant in Zhanjiang will meet rising demand for more sustainable automotive parts and lightweight materials for consumer products, BASF said.
Vinmar Polymers names national account manager for Canadaby Canadian Plastics
The Houston, Tex.-based polymer reseller and distributor has expanded its Canadian plastics team by appointing Cole McGuffin to the position.
DSM expands in India with acquisition of SRF’s specialty materials businessby Canadian Plastics
SRF’s engineering plastics business realized sales of about US$37 million in 2018 and has seen double-digit growth in recent years, DSM said.
ExxonMobil investing $2 billion to expand Texas chemical plantby Canadian Plastics
The expansion of the company’s facility in Baytown is expected to start up in 2022 and includes a new Vistamaxx performance polymer unit.
Polymers give early warning signs of stressby Canadian Plastics
Researchers from Switzerland’s University of Fribourg and Japan’s Hokkaido University have devised a polymer with a sensor molecule that glows when it’s stretched, signalling that mechanical stress is building towards a catastrophic part failure.
Parker Hannifin buying adhesives, coatings maker Lord Corp. for $3.6 billionby Canadian Plastics
The purchase of Cary, N.C.-based Lord will expand Parker Hannifin’s engineered materials business.