The Chinese company China National Chemical Corporation (ChemChina) is seeking to list its subsidiary KraussMaffei, a leading supplier of machinery and systems for producing and processing plastics and rubber, on a stock exchange in China.
Velox GmbH is the exclusive European distribution partner of FRX Polymers Inc., a producer of polymeric halogen-free flame retardant solutions. Velox recently announced the availability of Nofia non-halogenated polyphosphonates from FRX Polymers as a replacement for antimony trioxide (ATO) in brominated flame retardant products.
Lanxess announced that it plans to acquire the phosphorus chemicals business with a US production site from Belgian chemical group Solvay. Both companies have signed an agreement to this effect. According to Lanxess, the acquisition will expand its Additives segment, which achieves annual sales of around EUR 2 billion with approximately 2,000 employees around the globe. The transaction is projected to conclude in the first half of 2018, subject to customary regulatory approvals.
BASF India Limited announced that it plans to expand its manufacturing capacity of Cellasto cellular polyurethane elastomers and cease thermoplastic polyurethane manufacturing at its Dahej plant in Gujarat, India, in line with changing customer needs in the South Asia region.
LyondellBasell received an European Innovation Award from PlasticsEurope and the Society of Plastics Engineers (SPE) in the category “Material Innovation” for the development of Koattro KT MR05, a plastomer with “self-healing” properties.
Eduardo Alvarez has joined the industrial bioscience company Amyris as new Chief Operating Officer (COO), subject to approval by the company’s board of directors. Alvarez has over 30 years of global, multi-functional, operations experience.