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Evonik Industries AG announced today, that it has completed the activities to acquire the specialty additives business (Performance Materials Division) of Air Products, Inc. for USD 3.8 billion (approximately EUR 3.5 billion) by the end of 2016 as planned. Evonik says that the closing is scheduled for 3 January 2017. All relevant antitrust authorities have approved the transaction and the integration of the acquired business is underway. The transaction financing was completed successfully in September and will consist of the company’s own funds in the amount EUR 1.6 billion, with the other half to be financed by bonds with a nominal value of EUR 1.9 billion.

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Trinseo announced plans for a new S-SBR pilot plant as well as an S-SBR capacity expansion at its site in Schkopau, Germany.

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Croda International Plc announced that it will invest GBP 27 million at its Hull manufacturing facility in the UK, which will nearly double the existing capacity. According to the company, the investment will enable Croda to satisfy growing demand for its polymer additives through to 2030 and beyond.

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The government is seeking intrepid smallholder farmers to pilot a project that would transform 6,000 hectares of cropland in two provinces into a patchwork of small rubber plantations.

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The automotive supplier Boge Rubber & Plastics Group announced that it will begin production in Mexico in 2017.

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AkzoNobel announced that it will invest EUR 12.6 million in a new research and innovation hub  in Felling, UK. The facility is expected to be operational at the end of 2018 and will be home to more than 100 of the coatings industry's leading scientists and technical experts, who will work on developing protective coatings for the energy, mining, infrastructure and oil and gas industries. The main focus will be on innovations for protecting steel and concrete structures from damage caused by corrosion, abrasion and fire. The innovation hub will also include a testing and simulation facility, the company said.

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Malaysia’s rubber industry is not a sunset industry following demand for high-value engineering rubber products from many countries, says Minister of Plantation Industries and Commodities, Datuk Seri Mah Siew Keong.

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Feica, the Association of the European Adhesive & Sealant Industry, invites experts to share their knowledge and experience at the 2017 European Adhesive & Sealant Conference and Expo, which takes place at Forte Village in Santa Margherita di Pula, Sardinia, Italy, from 13 – 15 September 2017.

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Industries Minister Amir Hossain Amu said the government is working to ensure an environment-friendly plastic industry in the country and the work on developing a plastic industrial estate is likely to be completed by June 2018.

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Contitech has held a groundbreaking ceremony for a new automotive hoses plant in the Sino-German Eco Park in Qingdao, China.

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Effective from 1 March 2017 or as contracts allow, Stepan Polska will increase prices for Stepanpol polyester polyols in Europe by EUR 80 per tonne. According to the company, the increase is necessary due to rising raw material and production costs.  

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