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09-Nov-2005 - GEA Group Aktiengesellschaft sold Dynamit Nobel Kunststoff (DNK), a supplier of the automotive industry, to the Swedish Plastal Group. The sale assumes an enterprise value of EUR 350 million. In 2004, DNK, a profitable organization with approximately 5,000 employees, reported sales of roughly EUR ...
08-Nov-2005 - Celanese Corporation resolved in a regular meeting of its Board of Directors to start the squeeze-out of outstanding Celanese AG shares. As previously announced Celanese Europe Holding GmbH & Co. KG, a subsidiary of Celanese Corporation, now holds around 98% of issued shares of Celanese AG (CAG), ...
08-Nov-2005 - Rhodia announced the signature of an agreement for the sale to the US Hexion Specialty Chemicals Group of its Latex business activities (latex dispersions & powders and organic foam control agents). The divestment is expected to be completed by the end of this year once all the necessary legal ...
07-Nov-2005 - The acquisition of Leuna-Miramid GmbH, Leuna, Germany by BASF Aktiengesellschaft was completed November 1, 2005. The regulatory authorities issued their unconditional approval of the transaction. Leuna-Miramid specializes in the production and compounding of engineering plastics. With this ...
07-Nov-2005 - The Board of Directors of Clariant Ltd announced after its meeting the appointment of three key leadership positions, including designating Roland Loesser as new chairman and Jan Secher as new chief executive. Mr. Loesser, Clariant's current chief executive, will assume his new role following ...
07-Nov-2005 - ICI has announced the appointment of Alan J Brown as Chief Financial Officer. Alan will be joining the company in November 2005 and will join the ICI Board at that time. Alan succeeds Tim Scott who tragically died in August 2005. Alan joins ICI from Unilever where he has had a distinguished ...
04-Nov-2005 - Perstorp Franklin BV announces price increase for liquid blends of organic acids. The price increase is caused by continuous increase in costs. Increased oil prices have led to higher energy- and transportation cost. For liquid blends containing formic acid, propionic acid and lactic acid, a ...
04-Nov-2005 - Effective October 31, 2005, Brenntag, global leader in the growth market for the distribution of chemicals, has aquired 100% of the outstanding shares of Quadra Chemicals Inc., distributor of industrial and specialty chemicals in the USA. The company was founded in 1991 and grew significantly as ...
Carve-out of LANXESS Fine Chemicals is under way
04-Nov-2005 - The Fine Chemicals business unit achieves economic independence next year as a separate legal entity - with a new name, a new alignment and a new business model. "Starting in the second quarter of 2006 we will market our fine chemicals expertise throughout the world under the name Saltigo, which ...
04-Nov-2005 - The Dow Chemical Company announced the decision to close its polystyrene production facility at Barry, South Wales, in the United Kingdom, by the end of 2005. "This intended closure of the polystyrene plant at Barry involves extremely difficult decisions and reflects the competitive business ...
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