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DL Chemical Co., Ltd. a subsidiary of DL Holdings Co., Ltd. (formerly Daelim Industrial Co., Ltd.), will acquire 100 % of US company Kraton in an all-cash transaction implying an enterprise value of approximately USD 2.5 billion. Kraton stockholders will receive USD 46.50 in cash for each share. As part of the transaction DL Chemical has conveyed that they have fully committed financing. This was announced by the companies on 27 September 2021.

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Versalis has acquired on an exclusive basis the technology and plants of Ecoplastic, an Italian company of the De Berg group specializing in the recovery, recycling and transformation chain of styrenic polymers. The agreement guarantees Versalis the expertise developed by Ecoplastic, allowing it to accelerate developments in mechanical recycling and expand the portfolio of the Versalis Revive range of recycled polymers.

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On 14 September 2021, Royal DSM announced it is simplifying its operating structure and reorganising its Health, Nutrition & Bioscience activities into three Business Groups. At the same time, DSM confirmed it has started a review of strategic options for both Materials businesses, including a sale.

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Thomas Nilsson, managing director HEXPOL TPE AB and Georg Brunstam, President and CEO HEXPOL Group, with members of the HEXPOL board and local management team in Åmål. (Source: Hexpol TPE)

Hexpol TPE has announced a 57 Million SEK investment at their company in Åmål, Sweden, to support increasing demand and evolving market requirements. The investment will expand production capacity and ensure product safety standards across their materials portfolio. A new production hall is being constructed, dedicated to medical production, with strict cleanliness, traceability, and reproducibility controls. It has been designed to minimise contamination risks and will house a new twin-screw compounding line with gravimetric feeders and advanced monitoring systems adopted for medical production. Construction of the new production hall began in September 2021. The aim is to complete the project by autumn 2022.

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Agilyx Corp. said it has been granted a patent continuation for its process of breaking down waste polystyrene (PS) into its chemical building block, styrene monomer. The continuation of US patent number 11,041,123 further confirms Agilyx’s depolymerization technology extends to the breaking down of all waste plastic polymers into their respective discrete monomers and is not only limited to PS.

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Polyvinyl chloride (PVC) producer Kem One Group has entered into exclusive negotiations to divest the company to funds managed by affiliates of Apollo Global Management (Apollo Funds). Kem One has eight industrial sites across France and Spain, and 1,400 employees. It produces mass and suspension PVC, specialty PVC (including paste PVC and chlorinated PVC), chlorine, caustic soda and chloromethane. Since 2014, Kem One has undergone a “complete transformation,” to improve the quality and reliability of its production plants, lower production costs and reduce its environmental footprint, Kem One noted.

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As reported by various German news portals, including Rheinische Post, Handelsblatt and Süddeutsche Zeitung, on 3 September 2021, Covestro plans to cut up to 1,700 jobs worldwide, including more than 900 at its four German sites in Leverkusen, Dormagen, Krefeld and Brunsbüttel, by the end of 2023.

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As the largest outbreak of Covid-19 to date continues to affect Japan, the public health outlook for the foreseeable future remains uncertain. Taking the current situation seriously, Messe Frankfurt Japan Ltd has made the difficult decision to postpone the coming Formnext Forum Tokyo.

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BASF announced it is strengthening its global catalyst development and helping customers to bring new products faster to the market. As part of this strategy, the company is building a new pilot plant centre at its Ludwigshafen site in Germany.

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The KraussMaffei Group announced that it will transfer all activities of the former KraussMaffei High Performance AG into an independent unit effective from 1 October 2021. This will operate under the traditional name Netstal.

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