Company Dynamic

KBR Inc (KBR) has entered into a memorandum of understanding (MoU) with Saudi Aramco to expand and develop KBR's services for Saudi Aramco in line with the Kingdom of Saudi Arabia's (KSA) localization objectives.

• KBR

Covestro AG said that it will present new and hi-tech products for ID cards, with films that improve security and enable efficient production of cards.

• Covestro

Merck Group announced the establishment of the Merck Foundation, a non-profit limited liability company.

• Merck
• Healthcare

China Petroleum and Chemical Corp., or Sinopec, raised its ex-works butadiene offers in East China to Yuan 8,700/mt, equating to $1,092/mt on an import parity basis, up Yuan 500/mt or 6.1%, effective Wednesday, market sources said Thursday.

• Butadiene
• Sinopec

"For business reasons, BASF has decided not to pursue re-registration for treatment of seeds in Europe," a spokesman told AFP, adding that the authorization would expire on September 30th.

• Chemical
• BASF

Tianyuan Garments Company of Suzhou has signed an agreement with SoftWear Automation of Atlanta to develop a fully automated T-shirt production line at Tianyuan's newly acquired plant in Little Rock, Arkansas, in July.

• Garment
• China
• U.S.

Amec Foster Wheeler has been awarded a front-end engineering design (FEED) contract by Total Raffinage France, a subsidiary of Total SA.

• Amec

Mexichem has reached a definitive agreement to acquire 80 percent stake in Netafim Ltd, a private irrigation company in Israel, for a total enterprise value of $1.895 billion.

• Mexichem

Arsenal Capital Partners (Arsenal) has agreed to acquire Cyalume Technologies Holdings Inc (CYLU), for a total cash consideration of $45 million. The deal is expected to close in September 2017.

• Arsenal

BioAmber Inc (BIOA) has priced an underwritten public offering of an aggregate of 14,666,667 shares of common stock of the company.

• BioAmber

IMCD NV said that it will acquire 100 percent of LV Lomas, the Canadian and US speciality chemicals and ingredients distributor.

• IMCD

EPD will guarantee both series of junior subordinated notes on a subordinated, unsecured basis under an unconditional guarantee. Settlement of this offering is expected to occur on 16 August 2017.

• EPD

ICL has signed a non-binding MoU with Energean Israel Limited to enter into negotiations for a definitive agreement to supply up to 13 billion cubic metres (bcm) of natural gas at a total consideration of approximately $2 billion over a 15 year period.

• ICL

Students from the Eindhoven University of Technology taking part in the Bridgestone World Solar Challenge in Australia will be aiming to blaze a winning trail in a stunning new vehicle featuring high-performance coatings supplied by AkzoNobel NV.

• AkzoNobel

BASF Corp. Refinish Coatings received General Motors Global Refinish approval for its Glasurit and R-M paint brands. BASF hosted the GM Paint Engineering Team at its North American Coatings Headquarters in Southfield

• BASF
• Coating

Marchionne had a meeting with Mercedes motorsport boss Toto Wolff on the morning of the Hungarian Grand Prix, and one of the topics they discussed was the future of FE.

• Ferrari

Yangmei Chemical has recently achieved some qualified products at its 200kt/year coal-based MEG plant in Pingding, Shanxi province. The company is now commissioning the unit and is likely to raise operating rate after getting on-spec products.

• MEG
• Textile

CNOOC Zhongjie Petrochemical (Huayue Chemical) delayed restarting its aromatics plant in Hebei province to late August. The plant, which can produce 20kt/year of benzene

• Aromatics

Vietnam needs $22-billion investment by 2025 in the textile and dyeing sector to address capital shortage and to meet the demand for clothes and ancillary materials of outsourcing enterprises,

• Vietnam
• Textile

Toyobo Co Ltd and PT Trias Sentosa Tbk (Trias) have agreed to set up two joint venture firms to manufacture and sell Toyobo’s Ecosyar, a transparent vapor-deposited film, and polyester films for packaging in Indonesia.

• Toyobo