The US Federal Trade Commission (FTC) has just approved the purchase of one of Bayer’s industrial pigment businesses by a subsidiary of Dainippon Ink and Chemicals. However the sale comes with a condition.
The B...
Altair Nanotechnologies have just been awarded their third patent by the US Patent Office. The patent is titled "Processing Aqueous Titanium Solutions to Titanium Dioxide Pigments".
The patent describes a hy...
BP have announced that they have agreed to terms with Close Brothers Private Equity, to sell Fosroc Mining for £32 million in cash and assumed debt. The deal is expected to be completed during the first quarter of ...
A consortium involving LG Chem and Honan Petrochemicals Corp have emerged as the most likely to acquire troubled Hyundai Petrochem who have been looking for a buyer since early last year.
The consortium was selected a...
In President Bush’s state of the nation address on Tuesday night, he announced the establishment of the FreedomFUEL initiative, designed to reduce America’s dependence on foreign oil.
He has pledged $1.2 b...
Noranda have announced plans to rationalise their magnesium business in response to changes that have taken place in the magnesium market. The proposed changes are expected to improve cash flow by about $100million.
N...
DSM and Carbon Nanotechnologies Inc. have agreed to form an alliance with the purpose of developing high performance materials using single-walled carbon nanotubes.
Single-walled carbon nanotubes are also known as buc...
Mitsubishi Chemical have agreed to transfer their share of BASF Dispersions, (a the joint venture between Mitsubishi Chemical and BASF) to BASF Japan.
The two companies have also agreed that BASF will transfer their s...
Dow Chemicals have decided to close their 60,000 mtpy polyethylene terephthalate (PET) plant in Matera, Italy.
The decision was taken due to poor economic conditions. This plant was also viewed as being less efficient...
Engelhard Corp and Nippon Sheet Glass have formed an alliance to develop and market new special effect pigments for manufacturers of coatings, plastics, inks and cosmetics.
The two companies are developing a new metal...
AK Steel have just made an offer to acquire the finishing and steel manufacturing assets of National Steel Corporation for $1.025 billion.
National Steel have been operating under Chapter 11 bankruptcy protection sinc...
3M have just completed the acquisition of the Solvay subsidiary Solvay Fluoropolymers Inc, via their subsidiary Dyneon. Terms of the transaction were not disclosed.
The purchase includes a polyvinylidene fluoride (PVD...
American Superconductor has announced that they have just been awarded a $750,000, 2 year grant from the National Institute of Health (NIH) to develop second generation high temperature superconductor wire for use in mor...
Under a new agreement between C2C Zeolite Corp. and Halliburton, the pair will commercialise a new zeolite cementing system suited to well cementing applications.
The new system is said to combine lightweight and high...
Hitco Carbon Composites, a subsidiary of SGL Carbon has just received an order for a further 60 composite tailcone structures for the US Armed forces. This order is in addition to the 124 units already ordered by Boeing,...
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