The importance of China to the global steel sector and its suppliers has been reinforced in the past few months. Never has there been a time when the old adages “Ignore China at your peril” and “When China sneezes the whole world catches a cold” seemed as pertinent as in the last few weeks.
ChemPoint.com (ChemPoint) and DuPont Fluoropolymer Solutions (DuPont) today announced that ChemPoint has been selected as a preferred distributor for DuPont™ Capstone® fluorosurfactants in the United States and Canada. Effective October 3, 2012, ChemPoint will manage order placement and fulfillment, as well as technical assistance and support for Capstone® fluorosurfactants.
The Oilfield Technology Group of Momentive Specialty Chemicals Inc. today announced that it has expanded their product offerings beyond resin coated proppants to include fluid performance additives and hydrogen sulfide (H2S) scavengers.
Reliance Steel & Aluminum announced today that effective October 1, 2012, it has acquired all the outstanding limited liability company interests of Sunbelt Steel Texas, LLC (“Sunbelt”), a value-added distributor of special alloy steel bar and heavy-wall tubing products to the oil and gas industry.
PMC Group N.A. announced today that it has completed the acquisition of Arkema's global organotin and organophosphine-based polymer stabilizers, catalysts and fine chemicals business (the "Business") in the Americas and Europe, on October 1, 2012.
A Dow Corning leader with expertise in the company’s Specialty Chemicals Business – specifically, High Performance Building Solutions and related sealants – along with expertise in the development of international standards will be the keynote speaker at an upcoming conference for adhesive and sealant industry professionals.
Applied Materials, Inc. today announced a plan to realign its global workforce and enhance its ability to invest for growth. Applied will implement a voluntary retirement program and other workforce reduction actions that are expected to affect approximately 900 to 1,300 positions, or 6 to 9 percent of its global workforce.
3M and Ceradyne, Inc. announced today that they have entered into a definitive agreement for 3M’s acquisition of Ceradyne, Inc. for $35.00 per share. The proposed transaction has an aggregate value of approximately $860 million, or approximately $670 million net of cash,cash equivalents, short-term investments and debt acquired.
The Goodyear Tire & Rubber Company today announced that Paul Fitzhenry was elected by the Board of Directors as senior vice president of global communications, effective October 8.
Asia’s weakened demand for synthetic rubbers, commonly used in tire production, is expected to recover following this year’s drop in car production, says a new report from petrochemical experts GBI Research.
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