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Mitsubishi Chemical and BASF Restructure Joint Ventures

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...

28 Jan 2003

Dow Chemicals to Close Italian PET Plant

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...

From Dow Chemicals 28 Jan 2003

Engelhard and Nippon Sheet Glass Join Forced to Develop New Pigments

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...

28 Jan 2003

AK Steel Make $1.025Billion Bid for National Steel

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...

24 Jan 2003

3M Complete Acquisition of Solvay Fluoropolymers

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...

24 Jan 2003

AMSC Receive Grant to Develop 2nd Generation Superconductor Wire

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...

23 Jan 2003

C2C and Halliburton to Commercialise Zeolite Cement System

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...

23 Jan 2003

Hitco Receive Another Order for Carbon Composite Tailcones from Boeing

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,...

23 Jan 2003

Australian Magnesium Form Another Automotive Alliance

Australian Magnesium Corp have signed a memorandum of understanding to work with Johnson Controls, one of the world largest leading suppliers of automotive systems. Under the terms of the agreement the pair will work ...

22 Jan 2003

Textron Sell Share in Automotive Interiors Joint Venture

Collins Aikman have just purchased Textron Systems 50% share in their Italian joint venture for $15 million. The joint venture was set up to manufacture interior and exterior automotive trim components. The purchas...

22 Jan 2003

SGL Carbon Win 27million Euro Contract to Supply Aust. Magnesium Operations

SGL Carbon has just won a contract to supply Australian Magnesium Organisation with corrosion protection equipment for their plant in Stanwell, Australia. The supply contract worth 27 million euros is the largest cont...

21 Jan 2003

Plansee Expand North American Presence by Acquiring Polese

Austrian-based Plansee have expanded its north American market presence by acquiring Polese Co., based in California, USA. Plansee acquired 100% of the shares of Polese for an undisclosed sum via its affiliate Schwarzko...

From PLANSEE 21 Jan 2003

SGL Carbon Divests Electrical Contact Business

As part of its ongoing plan to streamline its portfolio, SGL Carbon have divested SGL Pantrac GmbH, its German business that deals with electrical contacts for trains, trams and electric motors. The business was acqui...

20 Jan 2003

Kafrit to Acquire Asstes of Constab's German and UK Plants

A memorandum of understanding has been signed by the directors of their respective companies regarding the acquisition of Constab Additive Polymers by Kafrit International. The acquisition will involve all the manufac...

20 Jan 2003

Strategic Partnerships Pave Way for Simula Growth

Over the past 8 months Simula have signed off on 14 strategic partnerships and technology licenses. These include marketing and development, exclusive supply and technology licensing agreements. These agreements offer...

17 Jan 2003