IndustryNews
Global POM Market Set for Shake-Up as Hokuetsu’s Nantong Plant Launches
December 9, 2024 – Hokuriku Electric Industry Co., Ltd. (Hokuetsu), a prominent Japanese company, has announced the successful completion of operational preparations for the first phase of its 90,000-ton-per-year polyoxymethylene (POM) production facility at DaHokuetsu Engineering Plastics (Nantong) Co., Ltd. in Nantong, China. The facility is expected to commence commercial operations at the end of…
INEOS Restructures Operations: Sells Composites Business, Closes Plants
December 9, 2024 – In a significant strategic move, global chemical giant INEOS has announced a formal agreement with renowned private equity firm KPS to sell its entire composites business division. The transaction, valued at approximately 1.7 billion euros, is expected to be smoothly completed in the first half of 2025. INEOS’ composites business encompasses…
Tosoh Strengthens Market Position with Nanyang Factory Expansion for HDI Derivatives
December 6, 2024 – Tosoh Expands Factory to Boost HDI Derivative Production Capacity Tosoh, a leading Japanese chemical company, has announced plans to expand its Nanyang factory located in Chunan City, Yamaguchi Prefecture. The expansion aims to enhance the production capacity of hexamethylene diisocyanate (HDI) derivatives. Upon completion, the factory’s annual HDI production capacity is…
Andritz and Circ Partner to Build Landmark Textile Waste Recycling Plant
December 6, 2024 – Andritz and Circ Partner to Revolutionize Textile Waste Recycling with Major Plant Project In a groundbreaking collaboration, leading high-tech group Andritz has announced that it has secured a significant engineering order from US-based textile recycling innovator Circ. Together, they will build the first large-scale textile waste recycling plant, aiming to tackle…
Alpla Expands Global Footprint with PET Recycling Investment in South Africa
December 6, 2024 – Austrian Packaging Giant Alpla Takes Major Step in South Africa with PET Recycling Plant Launch In a significant move for the packaging industry, Austrian manufacturer Alpla has opened its first PET recycling plant in South Africa, located in Ballito, KwaZulu-Natal. The factory, spanning 90,000 square meters and with a total investment…
Market Changes Lead to Termination of Shuangjian-Fuqisen Merger
December 5, 2024 – Wuhan Shuangjian New Material Co., Ltd. (hereinafter referred to as “Shuangjian New Material”) has recently issued an “Announcement on the Termination of Major Asset Restructuring,” announcing the termination of its previously planned major asset restructuring to acquire a 100% stake in Jiangsu Fuqisen Co., Ltd. (hereinafter referred to as “Fuqisen”). Looking…
Adnoc’s Bold Move: Majority Stake in Covestro Reshapes Industry Dynamics
December 5, 2024 – Adnoc Makes Significant Stride in Global Chemical Industry with Covestro Acquisition In a groundbreaking move, the Arabian Petroleum Company (Adnoc) has announced the successful acquisition of a majority stake in German polymer giant Covestro, marking a pivotal step towards joining the ranks of the world’s top chemical alliances. By the end…
Major Deal: Dow Chemical Offloads Soft Packaging Adhesive Biz to Arkema
December 4, 2024 – Dow Chemical Completes $150 Million Sale of Soft Packaging Adhesive Business to Arkema Global chemical giant Dow Chemical has announced the successful completion of the sale of its soft packaging composite adhesive business, part of its Packaging & Specialty Plastics division, to Arkema, a leading player in the global specialty materials…
Caprolactam in China: Growth, Expansion, and the Path Ahead
December 4, 2024 – China’s Caprolactam Market: Growth, Expansion, and the Need for Innovation China’s caprolactam market has witnessed remarkable growth dynamics in recent years, with the apparent consumption soaring to 4.9795 million tons in 2023, marking a 16.68% increase from the previous year. Despite this surge, the self-sufficiency rate slightly declined to 98.81%. Notably,…
Breakthroughs in Thermoplastic Composites: Teijin Carbon Fibers Leads the Way
December 4, 2024 – Teijin Carbon Fibers Announces Breakthroughs in Thermoplastic Composites Market Teijin Carbon Fibers, a global leader in carbon fiber production and formerly known as Toho Tenax Co., Ltd. in Tokyo, Japan, has recently unveiled its latest advancements in the thermoplastic composites market. As a long-standing pioneer in the carbon fiber industry, Teijin’s…