Chemical | 10 December 2023
CEFIC: EU27 chemical production up for first time in six quarters
Chemicals output, in China was 9.2% above the previous year’s level (Jan-Sep)
Chemicals output, in China was 9.2% above the previous year’s level (Jan-Sep)
The deal includes the 420 kt ethylene oxide plant, the 375 kt ethylene glycols plant and the 165kt glycol ethers plant
The transaction involved the acquisition of the industrial assets of the Shubuta (Mississippi) logistics center and the Waynesboro (Mississippi) production site
Continued losses and the need for significant additional capital expenditure made it economically unviable to continue ramping up the plant
Cropnosys India is an eminent player in the crop protection industry, engaged in manufacturing of Active Ingredients, Intermediates, and Formulations
This marks the eleventh acquisition for the company and the second in the year 2023
The revenue to be carved-out from Kemira was around € 430 million in 2022
The deal includes the 600kt Acetic Acid plant and all associated third party activities on the site
Production of soda ash increased by 4.7% to 37.18 lakh MT, capacity utilisation increased to 85%
The companies allocated approximately US$ 425 million of the purchase price to a long-term ammonia offtake agreement
Tosoh plan to cease its production of sodium sulfate by the end of September 2024
Kashmir Chemicals specializes in the production of pesticide formulations, including emulsified concentrates, wettable powders, and granules
The key rating drivers were improved operational and financial performance in FY23 and H1FY24 and wide geographical reach in the global market amongst others
To enhance the capacity by 550 MT per year in addition to the increase in capacity by 150 MT per year through various debottlenecking activities
This acquisition allows PCBL to foray into global specialty segments of water treatment chemicals and oil & gas Chemicals
Kemira produces currently over 350 000 tons of water treatment
Highly attractive financing conditions due to BASF’s financial strength and its strong sales and earnings growth in China over the years
The new player will provide an industry leading product portfolio, unique technical knowledge and application-based expertise to its global customer base
The new plant in Lianyungang, Jiangsu province, China will have an annual capacity of 200,000 tons of Maleic anhydride
This expansion at AGC Wakasa Chemicals’ Kaminaka Plant will include a new large scale multi-purpose production line
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