Company News
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PPG Jiading factory added eight powder coating production lines!
PPG (New York Stock Exchange code: PPG) recently announced the completion of a USD 13 million (approximately RMB 84 million) investment in Shanghai Jiading Coatings Factory
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U.S. Prince acquires specialty chemicals company Flow for US$2.1 billion
On May 11, Prince International announced that it would acquire the fine chemical giant Ferro for US$22 per share in cash, with a transaction value of approximately US$2.1 billion (approximately RMB 13.55 billion).
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Hempel acquires Farrow & Ball, the iconic paint and wallpaper brand
Recently, Hempel, a world-renowned paint manufacturer, signed an agreement to acquire Farrow & Ball, a high-end decorative paint and wallpaper brand with an annual turnover of more than 100 million euros.
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Zhongsha 260,000 tons of polycarbonate project plans trial production in June
On May 9, 2021, the joint purge of steam pipelines in the Zhongsha New Material Park, a key project in Tianjin Nangang Industrial Zone, was officially launched.
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Hanwha plans to expand TDI production capacity and launch XDI next year
Hanwha Solutions, the chemical production arm of the Korean conglomerate Hanwha Group, is expanding its specialty chemical materials business, expanding investment in production facilities and conducting vertical integration to improve market competitiven
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A major breakthrough! Yangzi Petrochemical produces qualified EVA products
After the Yangzi Petrochemical EVA plant started to open up the whole process on March 3, 2021, all the personnel of the plant continued their efforts. After more than two months of hard work, they successfully produced qualified EVA products on May 6.
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Trinseo acquires Arkema PMMA business
On May 3, Trinseo announced that it has officially completed all procedures for the acquisition of Arkema's PMMA business. In December 2020, Trinseo announced the acquisition of Arkema's PMMA business for 1.137 billion yuan.
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First quarter results of 16 companies including BASF, Dow, DuPont, Evonik and Wanhua
On the evening of April 9, Wanhua Chemical disclosed its financial report for the first quarter, achieving revenue of 31.312 billion yuan, a year-on-year increase of 104.08%; net profit of 6.621 billion yuan, a year-on-year increase of 380.82%.
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Fosun Pharma/BioNTech establishes a joint venture company in China
On May 9, Fosun Pharma announced that it would establish a joint venture with BioNtech in China to realize the localized production and commercialization of mRNA COVID-19 vaccine products.
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Lyondell Basel began commercial production of polymers using waste plastics
LyondellBasell (NYSE: LYB) today announced that it has entered its ambitious next step, in its location in Weis, Germany.
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Two "Fortune 500" giants merged, and the trillion-level "chemical aircraft carrier" embarked on a new journey!
Recently, China Sinochem Holdings Co., Ltd. ("Sinochem" for short) was officially inaugurated. Comrade Ning Gaoning served as Chairman and Secretary of the Party Leadership Group of SinochemSinochem2021-05-10
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