BASF has begun a six-week period of change negotiations at its precursor cathode active materials (pCAM) plant in Harjavalta, Finland. This may include layoffs for an indefinite period, potentially impacting all employees.
International Process Plants (IPP), which buys and sells industrial plants and equipment, has acquired Henkel’s detergent plant in Lomazzo, Italy, in partnership with Maynards, a specialist in industrial liquidation auction services.
Blue Wolf Capital Partners, a US-based private equity firm, has agreed to acquire seven Recipharm sites from EQT Private Equity, subject to regulatory approval in a deal that should close in Q4.
Orion has formally broken ground on a new plant at La Porte, southeast of Houston, to make acetylene-based conductive additives for lithium-ion batteries, as well as in high-voltage cables used for wind and solar farms. It will source the acetylene from Equistar Chemicals’ nearby site.
Clariant has completed the previously announced acquisition of Lucas Meyer Cosmetics, a German-based maker of cosmetics and personal care ingredients, from IFF. The deal is based on an enterprise value of $810 million, subject to customary net debt and working capital adjustments.
Jubilant Ingrevia has commissioned a new 2,000 tonnes/year facility for diketene derivatives at Gajraula in India’s Uttar Pradesh state. The company’s supplies these to the pharmaceuticals, agrochemicals and other industries, including the US and the EU.
Evonik is establishing a new business segment named Botanicals & Natural Actives within the Nutrition & Care division. This brings together various legacy products and recent acquisitions to meet demand for botanical extracts and natural actives. These include:
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Gatemore Capital Management has published an open letter to John O’Higgins, chairman of the board at UK-bas
Lonza has launched its AI-enabled route scouting service offering for small molecules, which combines AI-en
Syensqo has completed the acquisition of JinYoung Bio, a speciality cosmetic ingredients supplier based in
Chicago-based CC Industries (CCI) has acquired Foremark Performance Chemicals from SK Capital Partners.
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Korea’s LG Chem has broken ground on a nickel-cobalt-manganese-aluminium cathode materials facility on a 170 hectare site in Clarksville, Tennessee. Starting in 2026, this will supply 60,000 tonnes/year of battery materials, enough for about 600,000 electric vehicles, and will be the largest of its type in the US.
Netherlands-based Barentz International, a distributor of life science and speciality ingredients, has acquired Radian Chemical Products of India. Terms were not disclosed and the current team will remain in place, including CEO Manoj Botadra.
Radian is mainly active in niche applications in colour cosmetics and personal care, areas in which Barentz is already active India. Barentz thus expects to reinforce its portfolio and achieve “significant growth potential” across the Asia-Pacific region.
A jury has ordered Bayer subsidiary Monsanto to pay $73 million in compensatory damages and $784 million in punitive damages to seven former students and two parent volunteers at Sky Valley Education Centre in Monroe, Washington State, for health damage caused by polychlorinated biphenyls (PCBs) it supplied.
