Evonik Industries AG has completed its acquisition of the specialty additives business (Performance Materials Division) of Air Products Inc. for $3.8 billion, and the integration of the acquired business is underway.
BASF announced that on April 1, 2017, Hartwig Michels, President, Regional Division Europe, Ludwigshafen, will take over as President, Petrochemicals, Ludwigshafen.
Wacker Chemie AG officially started up its new pilot reactor for vinyl acetate-ethylene copolymer (VAE) dispersions at its Nanjing site (Jiangsu province) in China.
OMNOVA Solutions Inc. announced that it is moving forward with its CEO succession process, and Kevin M. McMullen is stepping down as Chairman, Chief Executive Officer and President, and as a member of the board of directors, effective December 1, 2016, to pursue other interests.