Chemicals
The companies featured on PressReleaseFinder are active in several industries.
14 Jan 2008
DSM INTRODUCES BREAKTHROUGH POLYMER
DSM Engineering Plastics has announced the development of PA4T, a new polymer which extends the portfolio for high performance engineering thermoplastics. DSM Engineering Plastics is the inventor and global market leader in high performance polyamides with Stanyl® , a polyamide 46.
9 Jan 2008
Borealis announces new Executive Board structure
• Mark Garrett begins as Chief Executive and Chairman of the Executive Board
• Martin Kuzaj to lead newly formed Base Chemicals business group
• Henry Sperle to drive forward major investment projects in Middle East and Europe
Borealis, a leading provider of innovative, value creating plastics solutions, announces the new structure of its Executive Board. On January 1, Mark Garrett officially took over from John Taylor as Chief Executive and Chairman of the Executive Board. He is joined by two long-time Borealis executives, Herbert Willerth, who will continue as Executive Vice President (EVP) of Operations and Henry Sperle, who, after many years running the Hydrocarbons business, takes on the new EVP position for the Middle East and Asia. The two new members who have recently joined the board are Martin Kuzaj, EVP of the newly formed Base Chemicals business group and Daniel J. Shook, Chief Financial Officer. Currently, the EVP position for the Polyolefins (PO) business group is vacant, and until a new executive is appointed, the Chief Executive will oversee this part of the organisation.
Chemtura Corporation (NYSE:CEM) announces an off-list price increase of $0.50/ kg for its Reofos® BAPP flame retardant, effective January 15, 2008, or where contracts allow. The price increase is in addition to the previously announced price increase effective October 15, 2007.
Shanghai, January 8, 2008 – Rohm and Haas Company (NYSE:ROH), the leading supplier of binders and additives for the global paint and coatings industry, today officially launched the initial operations of its new manufacturing plant in Sanshui, Guangdong Province, China. To date, the company has invested approximately US$10 million in this site, which will make products based on acrylic emulsion technology. This is a significant milestone for Rohm and Haas’ strategic footprint in China and further demonstrates the company’s commitment to the South China coatings market.
PITTSBURGH, Jan. 2, 2008 – PPG Industries (NYSE:PPG) today announced that it had completed the acquisition of SigmaKalon Group, a worldwide coatings producer based in Uithoorn, Netherlands, from global private investment firm Bain Capital. The total transaction value, including assumed debt, was approximately €2.2 billion (US$3.2 billion). The company expects to add approximately $3 billion in sales annually as a result of the acquisition.