PRA News

Omnova Solutions, a US-based global manufacturer of emulsion polymers, specialty chemicals, and functional and decorative surfaces has entered into a definitive agreement to be acquired by UK-based specialty chemical company Synthomer for US$10.15/share in cash, or cash enterprise of US$824 million. Completion of the transaction is subject to the satisfaction…

Hong Kong-headquartered injection moulding machine manufacturer Chen Hsong has established a new German subsidiary in Kempen on the Lower Rhine, to better serve the German market, said Managing Director of Chen Hsong Germany GmbH Andreas Bexte, speaking to journalists during a pre-K2019 event in Dusseldorf recently. The 60-year old manufacturer…

Machinery group KraussMaffei, which is a subsidiary of Chinese state-owned chemical firm ChemChina, has merged its Injection Moulding, Extrusion and Reaction Process technologies under a single brand. The first German company listed on the Chinese stock market, KraussMaffei is also the world’s only provider of solutions for injection moulding, extrusion…

With the theme at the October K2019 show on the circular economy, many materials companies are bringing out their contributions to the concept through recycling. The significant potential of chemical recycling has been confirmed by consulting firm McKinsey in a 2018 study that says if established recycling processes are combined…

  With materials manufacturer Covestro’s theme at K2019 in Düsseldorf in October on sustainability and digitalisation, it will be focusing on its strides made in its CO2 technology, in closing the carbon cycle. CEO Markus Steilemann, speaking to journalists at a pre-K2019 event in Düsseldorf, said that the company has had…

Speciality chemicals firm Lanxess will have 11 business units at K2019. Of these, the High Performance Materials (HPM) business unit will be presenting a wide range of new products relating to electric mobility. These include orange, heat-stabilised compounds for high-voltage applications; materials that prevent electrical corrosion upon contact with live…

Leaders of the G20 in Osaka, Japan met in late June for a two-day summit to tackle major global economic challenges, as well as underscoring compelling global issues such as climate change, marine litter, among others. For the latter,  improving resource efficiency through policies and approaches, such as circular economy,…

Calling it an organisational realignment, German chemical firm BASF is set to reduce 6,000 jobs worldwide until the end of 2021, against the back of a slower growth in the chemicals sector. The axing of around 5% of its employees from its workforce is expected to save the company EUR300…

Sidel’s latest X-Lite Still 500 ml PET packaging solution for non-pressurised still water features a light industrial bottle design. The blow moulding machinery company says it is the most cost-effective and sustainable packaging available on the market, adding that the pioneering solution addresses the still water market for small size…

Petronas Chemicals Group (PCG), the petrochem arm of Malaysian oil and gas firm, Petronas, and one of the largest integrated chemicals producers in Southeast Asia, signed a Memorandum of Understanding (MoU) with UK chemical recycling company, Plastic Energy Ltd, to collaborate in addressing plastic waste that cannot be recycled by…