Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Bayer to cut 12000 jobs; exit animal health business

Bayer to cut 12000 jobs; Exit Animal Health business

Covestro increases stake in Dic Covestro Polymer JV to 80 percent
Covestro has increased its stake in the joint venture DIC Covestro Polymer Ltd (DCP) from 50 percent to 80 percent.  The investment is part of Covestro’s expansion of its global thermoplastic polyurethanes (TPU) business. The total investment sums up to a low double-digit million euro. Closing of the deal is planned for early second quarter of 2019. DIC Corporation (DIC) will continue to support the success of DCP with its industry network, strong brand name, and as a reliable local partner. “The strong and long-term partnership of both companies, as well as our thorough understanding of the future growth potential make this acquisition a fitting step in Covestro’s growth strategy focusing on sustainability-driven innovation,” said Dr Markus Steilemann, CEO of Covestro. Read More
MFG Chemical upgrades Texas plant; Installs new reactors

MFG Chemical said that it is upgrading its Pasadena, Texas plant, which the company acquired in March 2018. The acquisition of the Pasadena plant, together with the company’s 3 plants in Northwest Georgia, makes MFG Chemical one of America’s largest consumers of maleic anhydride. Improvements include debottlenecking and new capacity additions, including two new reactors, one of which is 20,000 gallons in size. “MFG is increasing its capacity to meet its customers’ growing needs for custom and speciality chemistries. Our significant capital investments in our Pasadena, TX,  plant as well as our three other world-class ISO 9001:2015 Certified manufacturing plants in Dalton, GA reflect our ongoing effort to deepen our manufacturing and formulating partnerships with our valued customers,” said Keith Arnold, CEO of MFG Chemical and Member of the SOCMA Board of Governors. Read More

Clariant to increase ethylene oxide capacity

Clariant has increased capacity of ethylene oxide (EO) unit in Gendorf, Germany. The investment positions Clariant to continue its successful development of innovative EO-based specialties to support a wide range of industries, such as personal and home care, crop solutions, and industrial applications. “As a globally leading company for specialty chemicals, Clariant continues to invest also in our production network in Europe. I am confident that this sizeable expansion will support our strategic goal of intensifying profitable growth in both developed and emerging markets,” said Christian Kohlpaintner, member of Clariant’s Executive Committee. Read More



This post first appeared on World Of Chemicals, please read the originial post: here

Share the post

Bayer to cut 12000 jobs; exit animal health business

×

Subscribe to World Of Chemicals

Get updates delivered right to your inbox!

Thank you for your subscription

×