Huntsman Tioxide announced plans to relocate its North American sales-management, supply-chain and technical-services operations to Huntsman Corp.'s corporate offices in Houston, TX, and to close its Warrenville, IL, and Toronto offices.
The Dow Chemical Co. has completed the acquisition of Celanese AG's acrylates business, a deal that includes Celanese's acrylates-production assets at Clear Lake, TX, and a product line that includes crude acrylic acid, glacial acrylic acid, ethyl acrylate, butyl acrylate, methyl acrylate, and 2-ethylhexyl acrylate. Terms of the transaction were not disclosed.
BASF AG, saying sales growth in the chemicals sector is expected to trail global economic growth over the next decade, announced revisions in its business strategy and introduced a new corporate logo, and said it will direct its biggest investments at businesses that deliver the greatest profitability.
DuPont Co. and Kansai Paint Ltd. of Japan agreed to terminate their automotive-coatings joint-venture relationships, citing "incompatible global strategies." The companies did not provide further details or comment on the action.
The Dow Chemical Co. announced a reorganization of its global business groups into three units as part of an effort to improve the company's financial performance and strengthen long-term prospects.