09-Dec-2020

On 27 November 2020, the shareholders' meeting of the NETZSCH Group approved the centralization of the facilities in Waldkraiburg. With an investment of 50 million Euros, a new production unit will be built on Geretsrieder Straße, integrating the assembly hall and offices from the current plant ...

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Additional OLED sublimation units will help meet customer demand in the growing OLED market of Asia

29-Oct-2020

Merck announced a € 20 million expansion of its OLED (organic light-emitting diode) manufacturing capacity at its sites in Pyeongtaek, Korea and Shanghai, China. Additional sublimation units will be built to help meet customer demand in the growing OLED market. With the investment, Merck will ...

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Capacity to be almost doubled

13-Oct-2020

BASF will almost double the production capacity for its synthetic ester base stocks at its site in Jinshan, China. The investment comes in response to the rising demand for high-performance lubricants in Asia Pacific and further strengthens BASF’s position as a reliable supplier that strongly ...

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BASF invests into Pyrum as part of its ChemCycling project

23-Sep-2020

BASF SE is to invest €16 million into Pyrum Innovations AG, a technology company specialized in the pyrolysis of waste tires, headquartered in Dillingen/Saar, Germany. With the investment, BASF will support the expansion of Pyrum’s pyrolysis plant in Dillingen and the further roll out of the ...

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Significant increase in demand due to African swine fever and corona pandemic

16-Sep-2020

Due to the continuous strong demand for disinfectants, specialty chemicals company LANXESS is planning to expand its production capacity for Oxone monopersulfate by around 50 percent. To this end, the company intends to invest a lower double-digit million euro sum in its production facility in ...

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Construction started in Harjavalta, Finland and secured building permit for plant in Schwarzheide, Germany

16-Jun-2020

Preparations and construction of BASF’s battery materials plants in Europe are advancing as planned. After the casting of the foundation for its precursor cathode active material (PCAM) plant in Harjavalta, Finland, BASF has officially started construction. In addition, BASF has secured the ...

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The largest ever private investment into direct air capture

04-Jun-2020

Climeworks has successfully raised CHF 73 million (USD 75 million) in equity from private investors. This is the largest private investment into direct air capture to date. The funding will help to drive forward the company’s scale-up roadmap and expand its carbon dioxide removal ...

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Important milestone in the development of the company’s US$10 billion investment project

03-Jun-2020

On May 30, BASF kicked off the piling work of the first plants of its smart Verbund project in Zhanjiang, Guangdong, China. This came as another important milestone in the development of the company’s US$10 billion investment project since its official commencement in November 2019. The first ...

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Additional capacity available early 2021

27-May-2020

Clariant is expanding production capacity for its isethionates derivatives - Hostapon SCI - mild surfactants to support the increasing shift by personal care formulators and brands towards using mild surfactants to differentiate applications. It also supports the growing consumer trend for ...

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Average annual investment of at least €1.5 billion until 2025

07-May-2020

The company management and employee representatives at BASF SE signed a new site agreement. Entitled “Living the new BASF together!”, the agreement applies to the approximately 34,000employees of BASF SE at the Ludwigshafen site. It will run for five and a half years (from June1,2020 until ...

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