PRA News

Set up a year ago, new Canadian chemical firm West Coast Olefins is taking the first steps towards the construction of a C$5.6 billion petrochemical facility in Canada. The Calgary-based firm has secured a 300-acre site in the BCR Industrial Area within the city of Prince George, British Columbia, to…

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…

Circa’s biobased solvent to help develop UK battery recycling project Australian biotechnology company, Circa Group, which produces its biobased solvent Cyrene from waste cellulose, is participating in a project aimed at developing the first UK industrial-scale capability to reclaim and reuse the most valuable components of end-of-life electrical vehicle (EV)…

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…

Germany-based Mann+Hummel says it has finalised the acquisition of Hardy Filtration, a Canada-based air filtration company. This will expand the global footprint and manufacturing capabilities of Tri-Dim Filter Corporation´s business, which Mann+Hummel acquired in 2018. Mann+Hummel is a family-owned company providing filtration solutions for automotive and industrial applications, indoor, industrial…

US industrial firm Textron Inc., which owns Germany-based Kautex, says that it is reviewing strategic alternatives for the business unit. Textron plans to consider a range of options, including a sale, tax-free spin-off or other transaction. Kautex operates over 30 plants in 14 countries and generated over US$2.3 billion in…