M&A
Polytek Development, which makes polyurethane systems for casting and mould making will invest around $2.1m in a new plant and facilities here.
After a career running chemical companies and turning around businesses, Jorg Schottek has turned his sights towards four of Covestro's systems businesses. Simon Robinson visited him in Hamburg to see what he plans to do with them.
Parker Hannifin completed the $3.68 bn acquisition of Lord Corporation on 30 November.
Woodbridge is to buy all the shares in the joint venture Woodbridge GSK High Polymer Technology from partner Guangzhou Automobile Group Component.
Faurecia has agreed to buy out the remaining 50% of a car interiors joint venture with tyre maker Continental.
Italmatch has taken a stake in FRXpolymers, which makes phosphorus-based flame retardants for the flexible polyurethane industry.
China’s mattress maker Healthcare Co., also known as Mlily, plans to buy 80% to 85% of US furniture retail chain Mor Furniture For Less.
Crain Communications, which owns UTECH-polyurethane.com and Urethanes Technology International, has acquired GenomeWeb,. This is an online news organisation for the global community of scientists, technology professionals and executives who use and develop the latest advanced tools in molecular biology research and molecular diagnostics.
Noida, India Despite slowing domestic sales, India’s only listed polyurethane foam producer, Sheela, is expanding both globally and at home. Satnam Singh reports.
