Eastman Chemical Co. has announced new appointments in its Performance Chemicals and Intermediates (PCI) and Coatings, Adhesives, Specialty Polymers and Inks (CASPI) business segments.
In another deal in the chemicals industry in as many days, Ashland Inc. has announced it will buy Hercules Inc. The deal is valued at approximately $3.3 billion, or $23.01 per Hercules share, and is expected to close by the end of calendar 2008.
The Dow Chemical Co. and Rohm and Haas have announced a definitive agreement under which Dow will acquire Rohm and Haas for an estimated $15.4 billion.
Specialty chemicals company Perstorp is following up its recent expansion with the acquisition of the specialty chemicals operation from Rhodia Organics and Lyondell Chimie TDI SCA, a LyondellBasell subsidiary, including the production of TDI, HDI and HDI derivatives.
Wacker Chemie AG has honored Dr. Volker Stanjek, Dr. Wolfram Schindler and Dr. Thomas Kammel with this year’s Alexander Wacker Innovation Award for their pioneering work in organofunctional silanes and the development of silane-curing polymers.
The Freedonia Group has released a new study that predicts demand for chemical solvents will rise less than one percent per year to 11.8 billion pounds in 2012.
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