Hexion Specialty Chemicals has announced that its Brazilian subsidiary, Hexion Quimica Industria e Comercio Ltda., has begun construction of a formaldehyde and resins manufacturing complex to serve the rapidly growing engineered wood products market in southern Brazil.
Tikkurila, which is responsible for Kemira’s paint and coatings business, will establish a sales company in Eastern Europe called IP Tikkurila in Minsk, Belarus.
Dow Reichhold Specialty Latex, a 50/50 joint venture between The Dow Chemical Co. and Reichhold Inc., has announced the planned sale of certain business assets, the permanent closure of all facilities and the intention to cease all business activities before the end of 2008.
Bayer MaterialScience LLC, part of the global Bayer MaterialScience business, has purchased the pour-in-place, spray and molded polyurethane-foam-systems business of the Stepan Co. in the United States, Canada, South America and Mexico.
The Protech/Oxyplast Group of Montreal, Canada, has reached an agreement to purchase the powder coatings business and all the assets of Enviro-Powder Co. of Grand Rapids, MI, and the powder coatings business of Atomized Powder Coatings LLC of Terre Haute, IN.
Specialty chemicals supplier Cognis has signed an agreement to sell its Pulcra Chemicals subsidiary to Germany-based Fashion Chemicals GmbH & Co. KG (Fashion Chemicals) for €26.3 million.
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