Americhem adding TPE/TPU compounding line at China plantby Canadian Plastics
The masterbatch supplier is expanding operations at its Suzhou, China, plant with a new, state-of-the-art extrusion line for soft polymer compounding; this is the second expansion in three years for the facility.
Montreal-based sustainable chemicals maker BioAmber plans to liquidateby Canadian Plastics
BioAmber filed for bankruptcy in early May, and has been unable to find a buyer for its assets since then.
Ascend Performance Materials acquires thermoplastics maker Britannia Techno Polymerby Canadian Plastics
The purchase will provide Houston-based Ascend with an engineering plastics manufacturing base in Europe and an expansion to its portfolio of proprietary compounds.
Lanxess plans to invest $580 million in North American operationsby Canadian Plastics
Lanxess’ decision to bolster its North American footprint comes after its 2017 acquisition of chemicals group Chemtura and its purchase of Solvay’s phosphorous chemicals business in 2018.
Milliken appoints Halsey Cook as next president and CEOby Canadian Plastics
Effective September 1, industry veteran Cook will take the helm of the Spartanburg, S.C.-based specialty chemical maker.
Saudi Aramco confirms its interest in acquiring Sabicby Canadian Plastics
JPMorgan, Morgan Stanley have been picked to advise on Aramco’s Sabic deal, news sources say.
Nova Chemicals appeals ruling that it pay Dow $1 billion in damagesby Canadian Plastics
In June, a judge ordered Nova to pay $1.06 billion to Dow Canada over an ethylene plant dispute in Joffre, Alta.
Japan’s Asahi Kasei acquiring Sage Automotive Interiors for $1.1 billionby Canadian Plastics
Sage, founded in 2009 and located in Greenville, S.C., is a Tier 2 supplier of seat fabric and other automotive interior applications.
Simcoe Plastics now co-distributing two new CPC grades in Canadaby Canadian Plastics
The Barrie, Ont.-based company has partnered with DME-Milacron to distribute two new Fresh Start Polymers’ commercial purging compound grades in Canada.
Carolina Color appoints Tom Bolger as CEOby Canadian Plastics
Bolger, a 30-plus-year veteran of the colour and additive concentrate business, is the former CEO of Chroma Color Corp., which Carolina Color acquired last week.
BASF acquires two manufacturers of 3D printing materialsby Canadian Plastics
In another step forward in its strategy to occupy the 3D printing materials market, chemical supplier BASF has purchased Advanc3D Materials GmbH in Hamburg, Germany and Setup Performance SAS in Lyon, France.
Carolina Color acquires competitor Chroma Corp.by Canadian Plastics
Chroma produces custom formulated masterbatch colours, dry colours, additive concentrates, and pre-colour compounds for the packaging, electronic, safety, automotive, recreational, medical, and consumer products industries.
Nova names Greg DeKunder as new polyethylene marketing VPby Canadian Plastics
DeKunder previously worked for more than two decades at petroleum refining company Total S.A., most recently as senior general manager, base chemicals for the Americas in Total’s refining and chemicals business.
Ineos plans to build its biggest chemicals plant yetby Canadian Plastics
Ineos is to build a massive new chemical plant in what it says is the industry’s largest investment in Europe in 20 years.
Evonik to cut 1,000 jobs globally by 2020by Canadian Plastics
The target, Essen, Germany-based Evonik said, is to reduce costs by 200 million euros by the end of 2020, with about two-thirds of the cost savings coming from administration and a third coming from sales functions.
Medical fluid bags market will exceed $4.4 billion by 2024: reportby Canadian Plastics
Propelled partly by demand for drainage bags, the market for medical fluid bags is set to surpass US$4.4 billion by 2024, according to research from Global Market Insights
Judge orders Nova Chemicals to pay $1 billion to Dow Canada over ethylene plant disputeby Canadian Plastics
Dow Canada alleged breach of contract against Nova over the operation of the E3 joint venture in Joffre, Alta.
Clariant opens new additives production facilities in Chinaby Canadian Plastics
The opening completes a multi-million dollar investment originally announced by Clariant last year.
LyondellBasell, Braskem confirm merger talksby Canadian Plastics
LyondellBasell Industries and Odebrecht S.A., the controlling shareholder of Brazil-based Braskem SA, have confirmed that the companies have entered into exclusive talks regarding a potential merger that would give LyondellBasell a controlling stake in Braskem.
A. Schulman shareholders approve merger with LyondellBasellby Canadian Plastics
The transaction still requires regulatory approvals in the European Union, Russia, and from the Committee on Foreign Investment in the U.S.