Plant Expansions

German chemical firms Bayer and Lanxess are selling their stakes in the chemical park operator Currenta to funds managed by Macquarie Infrastructure and Real Assets (MIRA), the world’s largest infrastructure investor, for EUR3.5 billion. Bayer had in November 2018 stated that it was looking to sell its stake in Currenta,…

Upon the bankruptcy of Draka Polymer Films B.V., Dutch asset acquisition firm Hilco Industrial Acquisitions has acquired the company. The acquisition includes all machinery & equipment, materials and intellectual property rights. Hilco says there are four major production lines; “all well-maintained”, four and five roll calender production, printing, painting and…

French chemical firm Arkema’s acquisition of Lambson, a UK company specialising in photoinitiators for curing, a technology meeting the demands of cutting-edge markets such as electronics, 3D printing, digital ink, composites and high performance coatings, will complement the offering of its subsidiary Sartomer. The latter specialises in photocure resins. This…

With the approaching fifth anniversary of the merger of quality assurance system supplier BST and eltromat, Germany-based BST eltromat International is set to expand its facilities. The company has acquired a 22,000 sq m plot of land in Bielefeld-Altenhagen, Germany, where it will build its future headquarters. The merger five…

Japan’s Sumitomo Chemical has acquired Emas Plastik and its affiliated companies (Emas Group), a major plastic compounder group in Turkey through Sumika Polymer Compounds Europe, a Sumitomo Chemical’s subsidiary, to further advance the global development of its polypropylene (PP) compound business. Sumitomo Chemical has made the Emas Group its consolidated subsidiaries. Turkey is a…

US-based compounder RTP Company has acquired the Zeotherm TPV product line from Zeon Chemicals. The transaction, completed in May of 2019, encompasses all products sold globally under the Zeotherm TPV name. “This acquisition is just the latest step in our rapidly expanding Thermoplastic Elastomer business,” explains Todd Gummersbach, General Manager…

US welding equipment supplier Dukane has acquired all the assets and intellectual property of Aurizon LLC, in Kimberly, Wisconsin, a developer of high-power rotary ultrasonic systems for converting nonwoven materials, bonding textiles & films and sealing packages. With 30+ years of R&D in product design and application experience, Aurizon holds a significant patent…

Japan’s Teijin Limited says that it has completed the acquisition of all the shares of Renegade Materials Corporation, a North American supplier of heat-resistant thermoset prepreg for the aerospace industry. The acquisition of Renegade will allow Teijin to expand its aerospace business, including next-generation aircrafts’ engine parts. Teijin says it…

Materials firm Covestro says it is further developing its offerings and capabilities in continuous fibre-reinforced thermoplastic (CFRTP) composites, with a new tape line commissioned in Germany. Its Maezio brand of CFRTP composites are based on continuous carbon fibres impregnated with thermoplastics like polycarbonates. The new tape line is now commissioned…

Meanwhile in other news, India’s Nayara Energy will utilise W. R. Grace & Co’s Unipol PP process technology for its facility located at the Vadinar Refinery in Gujarat. The new, world-scale capacity PP facility will utilise 450 KTA of propylene feedstock. Nayara Energy intends to produce phthalate-free homopolymer products for the Indian…