Specialty chemicals company Lanxess and Advent International, one of the largest and most experienced global private equity investors with a well established track record in chemicals investings, are establishing a joint venture for high-performance engineering polymers.
Formed of the waste management expertise of Reclay and the high quality recycling capabilities of Borealis, Recelerate will grow from existing shared strengths across European markets
The recently opened Circular Plastics Australia PET recycling facility in Albury-Wodonga, New South Wales, is equipped with a recoSTAR PET 215 HC iV+ PET bottle-to-bottle recycling line from Starlinger that produces 2.5 tons of rPET per hour.
Injection moulding machine manufacturer Engel Austria has acquired the majority interest in TMA Automation in Gdynia, Poland. This strategic investment sees Engel reinforce its leading position in the field of injection moulding process automation.
Fujian Highsun Engineering Plastics Co., Ltd and AKRO-PLASTIC GmbH establish joint venture in China
Both companies have agreed to incorporate chemically-recycled styrene into the production of ABS/SAN, in compliance with the ISCC PLUS certification system.
Indorama Ventures would like to inform that it has signed a Conditional Share Purchase Agreement on 3rd August 2020 to acquire a 100% equity stake of Industrie Maurizio Peruzzo Polowat
Guzman Global, family owned business with more than 80 years of history, and Hromatka Group have reached an agreement for the latter to take a majority stake in Guzman Polymers.
Sibur and Gazprom Neft have consolidated 100% of the authorised capital in Poliom, a polypropylene plant in Omsk. Sibgazpolimer, a joint venture of the two companies, has signed an agreement to acquire a 50% stake in Poliom from the Titan Group.
Clariant today announced that it has signed a Memorandum of Understanding (MoU) with Saudi Kayan, a Saudi joint stock company leading in the field of chemicals, polymers and specialty products.
In 2018 Arlanxeo signed an agreement with Saudi Aramco to market and sell its share of Ethylene Propylene Diene rubbers (EPDM) produced in its Petro Rabigh joint-venture plant. Today, Arlanxeo launches its Keltan KSA Self-Service platform to serve its customers 24 hours a day, 7 days a week.
Covestro becomes majority stakeholder in DIC Covestro Polymer joint venture in Japan. Covestro raises stake from 50% to 80%, the partnership with DIC Corporation continues. The Acquisition is a part of Covestro's global growth strategy.