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Alcan Completes Acquisition of Uniwood/Fome-Cor

Alcan has completed its acquisition of the Uniwood/Fome-Cor Division of Nevamar for $95 million. Uniwood/Fome-Cor is one of the largest US-based manufacturers of foam-based display boards. The Uniwood business will be...

8 Oct 2003

Goodyear to Close American Tyre Plant

Goodyear have decided to close their tyre manufacturing plant located in Huntsville, Alabama, USA. The closure will be effective form December 5, 2003. The closure has been brought about by their need to reduce capaci...

7 Oct 2003

Noveon Purchase Thermedics Assets from Viasys Healthcare

Noveon have purchased certain assets of Thermedics Polymer from Viasys Healthcare. Noveon have acquired aliphatic thermoplastic polyurethane technology. This will compliment their existing aromatic thermoplastic polyu...

7 Oct 2003

Alcoa Complete Sale of PET Packaging Business

Alcoa have just completed the sale of their South American polyethylene terephthalate (PET) packaging business to Amcor for $75 million. Despite the divestiture of this non-core business, Alcoa will continue to serve ...

7 Oct 2003

Akzo Nobel to Take Control of Korean Powder Coatings JV

Akzo Nobel will take complete control of their Korean powder coating joint venture, when they acquire DPI Co’s share of the business. The deal is expected to close on October 6th. Interpon Powder Coatings (Korea...

3 Oct 2003

Trelleborg Complete Acquisition of Precision Sealing Solutions

Swedish-based Trelleborg Group have completed their acquisition of Polymer Sealing Solutions from the UK’s Smiths for approximately £495 million. The acquisition will form a new business division which will b...

2 Oct 2003

Cargill Sell North Star Steel Plant

Cargill’s North Star Steel have signed an agreement to sell their steel plant in Michigan to Quanex Corp. The deal is expeted to close by November 1, 2003. The Michigan plant sale is the third such sale in recen...

2 Oct 2003

Australian Materials Network Launches

Small businesses faced with tricky materials technology problems can now receive assistance from the newly established Australian Materials Technology Network (AMTN) to give them access to world-class diagnostic analysis...

1 Oct 2003

Alcan/Pechiney Merger Approved by Regulatory Bodies

The French Conseil des marches financiers (CMF) have declared Alcan’s take over offer for Pechiney is "receivable". This will allow Alcan to take the offer to the Pechiney shareholders The decisions wa...

30 Sep 2003

Simula Receive Body Armour Orders into 2004

Simula have received yet another order for Small Arms Protective Inserts (SAPI) body armour from the US Army’s procurement agency. The latest order is valued at US$27.5million. Delivery of this order is schedule...

30 Sep 2003

Posco Start Work on Chinese Automotive Steel Plant

Korea's Posco have started construction of China’s largest automotive steel sheet processing facility, Posco Suzhou Automotive Processing Center Co. Ltd. The new facility is located in the city of Kunshan, n...

28 Sep 2003

Alcan Acquire Uniwood/Fome-Cor

Alcan have continued their push into the composites arena acquiring the Uniwood/Fome-Cor division of Nevemar for US$95 million. The transaction is due to be completed in early October. Uniwood is the USA’s large...

28 Sep 2003

Lynas to Acquire 40% in West Australian Iron Ore Project

Lynas Corporation Ltd has signed a conditional Heads of Agreement with China Iron and Steel Industry Trade Group Corporation (CSG), the only industrial and trading organisation in the iron and steel industry wholly owned...

26 Sep 2003

GE Sell Superabrasives Business

GE are to sell their GE Superabrasives business to the private investment company Littlejohn Fund II. Details of the transaction were not disclosed, with the transaction due to close on January 31, 2004, pending regulato...

26 Sep 2003

Pactiv Purchase APET and PP Business from Rock-Tenn

Pactiv Corp have agreed to purchase the plastic packaging assets of Rock-Tenn for $60 million. The sale is scheduled to be completed during October 2003, pending regulatory approvals. The packaging business of Rock-Te...

26 Sep 2003