DuPont completes acquisition of Donatelle plastics company

DuPont announced on July 29, 2024 that it had completed its previously announced acquisition of Donatelle Plastics ("Donatelle"). Jon Kemp, President of DuPont Electronics and Industrial (E & I), said, "We welcome the talented Donatelle team to DuPont. Donatelle have best-in-class advanced injection molding manufacturing capabilities and decades-long relationships with large medical device manufacturer customers, and we are pleased to have the Healthcare product line in the Electronics and Industrial Division." Donatelle have more than 400 employees and are now part of DuPont's Industrial Solutions business. Donatelle acquisition brings a range of advanced technologies and capabilities, including medical device injection molding, liquid silicone rubber processing, precision machining, equipment assembly and tool manufacturing, to complement existing businesses. Donatelle has strong financial growth capabilities in attractive therapeutic areas such as electrophysiology, drug delivery, diagnostics, cardiac rhythm management, neurostimulation and limb orthopedics.

2024-07-31

EU launches anti-dumping investigation against glyoxylic acid in China

On July 25, 2024, the European Commission issued an announcement stating that in response to an application filed by the EU corporate WeylChem Lamotte SAS on June 10, 2024, the European Commission initiated an anti-dumping investigation on glyoxylic acid (Glyoxylic Acid) originating in China. The EU CN(Combined Nomenclature) code of the product in question is ex 2918 30 00(TARIC code 2918 30 00 13). The dumping investigation period in this case is from July 1, 2023 to June 30, 2024, and the injury investigation period is from January 1, 2021 to the end of the dumping investigation period. The preliminary ruling in this case is expected to be made within seven months, with a maximum of eight months.

2024-07-30

INVIDA to restart hexamethylene diamine plant in Canada

Invitica, one of the world's largest integrated producers of chemical intermediates, polymers and fibers, announced plans to invest approximately C $23 million (US $17 million) to reactivate its hexamethylene diamine (HMD) assets at its Maitland plant in Ontario, Canada. Hexanediamine is a key ingredient in the production of nylon 6,6, a high-performance polymer that can be used in a variety of applications such as automotive, industrial, apparel and consumer products. "We are proud of our 71-year history of operating in Maitland communities. As we celebrate the past, we look forward to continuing to invest and innovate in our efforts to improve our competitiveness in the future," said Matt Murton, Invitica Canada's Maitland Plant Manager in Ontario." After approval by the regulatory authorities, the project can start construction, and the hexamethylenediamine plant will be put into operation in the first quarter of 2025.

2024-07-30

ROHM launches new road marking recycled resin

On July 23, Roma announced the launch of the recycled resin belt Gelu proTerra 465, which was applied to the cycling lanes in Darmstadt, Germany by SWARCO, a manufacturer of road marking systems. SWARCO has developed a new marking material using ROHM resin. At present, the two companies are jointly developing a variety of marking materials, aiming to produce them in the most environmentally friendly way through sustainable and recyclable raw materials. Rohm said that the Gelu series of products are used in road markings around the world, with excellent visibility and durability. For decades, with its long service life, Gelu marking has played an important role in improving the efficiency of resource utilization. In addition, the proTerra contains at least 30% recycled raw materials, which can significantly reduce the carbon dioxide footprint. To this end, Darmstadt plans to increase the proportion of bicycles in the mode of transportation from the current 20% to 1/3. To achieve this, riding appeal must be enhanced, such as extending the cycling lane network and introducing entirely new safe road markings. Holger Tinz, head of marketing for Roma resins, said that Roma's sustainable development goals are: to reduce carbon dioxide emissions by 30% by 2030; to achieve climate-neutral production by 2050. Therefore, Roma is very keen to see other cities and municipalities also promote the theme of sustainable development and make road marking systems more environmentally friendly and more widely used. André Peiter, head of SWARCO's Darmstadt project, said that the new material was a success in Darmstadt's project. The coating process was very smooth, the material cured extremely fast, and the riding lane could soon be reopened to cyclists.

2024-07-29

Lotte Chemical Announces to Strengthen Specialty Chemicals Investment

Recently, Lee Hun Ki, President and CEO of South Korea Lotte Chemical Company, said that the company plans to transform its investment portfolio by 2030, no longer emphasizing basic petrochemicals, and will pay more attention to specialty chemicals. Lotte Chemical aims to achieve an enterprise value of more than KRW 50 trillion by 2030 through portfolio transformation. The company's basic chemicals division will strengthen its profitability by maximizing its asset-light operating model and improving operational efficiency, and reduce its proportion in the portfolio to below 30% by 2030. In 2023, basic chemicals will account for about 60% of the Group's sales revenue. In the first quarter of 2024, the operating loss of the company's basic chemicals business widened to 130 billion won from 52 billion won in the same period last year, and sales fell 1.5 percent to 3.5 trillion won. The company's advanced materials division will increase earnings and sales to achieve annual sales of 8 trillion won by 2030, up from 5 trillion won in 2023, with an EBITDA margin of 10% and only 8% in 2023. The fine chemicals division will focus on fostering environmentally friendly green materials business, increasing sales to 5 trillion won by 2030. In 2023, fine chemicals will be about 1.8 trillion won. Lotte Chemical plans to increase the EBITDA margin of its fine chemicals business to 23% in 2030 from 14% in 2023.

2024-07-29

Panento sells 50% stake to Connors

The United Kingdom's Pan Energy Extension Venator Materialsplc (Venator) recently announced that it has completed the sale of its 50% interest in the Louisiana Pigment Company (LPC) titanium dioxide manufacturing joint venture plant to its operating partner Kronos (Kronos Worldwide, Inc.). Venator Group received $0.185 billion in cash (subject to operating capital adjustment) upon completion of the transaction and expects to receive a profit payment of up to $15 million. President and CEO Simon Turner said: "We continue to successfully execute our transformation plan and take every step of the way to strengthen the business. By focusing our financial resources and personnel on our core operating facilities, we can better serve our customers and deliver better results for our shareholders. We are grateful to our customers who have purchased Venator products from LPC over the years and I would like to thank the LPC team for their excellent contribution. Customers in the Americas currently served by our other facilities will continue to receive our full commitment to quality products and services."

2024-07-29

ROHM launches new road marking recycled resin

On July 23, Roma announced the launch of the recycled resin belt Gelu proTerra 465, which was applied to the cycling lanes in Darmstadt, Germany by SWARCO, a manufacturer of road marking systems. SWARCO has developed a new marking material using ROHM resin. At present, the two companies are jointly developing a variety of marking materials, aiming to produce them in the most environmentally friendly way through sustainable and recyclable raw materials. Rohm said that the Gelu series of products are used in road markings around the world, with excellent visibility and durability. For decades, with its long service life, Gelu marking has played an important role in improving the efficiency of resource utilization. In addition, the proTerra contains at least 30% recycled raw materials, which can significantly reduce the carbon dioxide footprint. To this end, Darmstadt plans to increase the proportion of bicycles in the mode of transportation from the current 20% to 1/3. To achieve this, riding appeal must be enhanced, such as extending the cycling lane network and introducing entirely new safe road markings.

2024-07-29

India tariff adjustment MDI import tax cut from 7.5 per cent to 5 per cent

Recently, India announced the adjustment of import tariffs on some commodities from July 24 and the review plan of the overall tariff structure in the next six months. Important Highlights MDI import tariff reduction: India reduced the import tariff of diphenylmethane diisocyanate (MDI) by 2.5 percentage points to 5.0 per cent, which is one of the raw materials that the government has determined to reduce the tariff. 202407261028023211548228.png Tariffs on some goods have been increased: since July 24, the tariff on polyvinyl chloride (PVC) flexible film/banner has been increased from 10% to 25%, and the tariff on ammonium nitrate has been increased from 7.5 to 10%.

2024-07-26

Dow: Fully Cultivate the Chinese Market and Make Sure to "New" in the Future

1979 was the first year that Dow entered the Chinese market. As one of the first foreign-funded enterprises to enter China, Dow has resonated with the process of China's reform, opening up and rapid development over the past 45 years, continued to expand its business in China, and firmly rooted in China. Today, Dow has a complete network based on commercial institutions, world-leading manufacturing bases and innovation centers in China. Greater China has become Dow's second largest market and largest overseas market in the world. "We look forward to further meeting the needs of China's high-value downstream consumer market and helping our partners achieve transformation and upgrading in China." In a recent interview with a reporter from China Chemical News, Ms. Zhu Chengyi, President of Dow Greater China, said.

2024-07-25

Ministry of Commerce: Imposition of anti-dumping duties on imports of propionic acid originating in the United States

The Ministry of Commerce announced that starting from July 21, 2024, anti-dumping duties will be imposed on imports of propionic acid originating in the United States for a period of 5 years. On July 21, 2023, the Ministry of Commerce issued an announcement, deciding to initiate an anti-dumping investigation on imported propionic acid originating in the United States. On April 19, 2024, the Ministry of Commerce issued a preliminary ruling announcement, which preliminarily determined that the product under investigation was dumped, the domestic propionic acid industry was materially damaged, and there was a causal relationship between dumping and material damage. After continuing the investigation, the Ministry of Commerce finally determined that there was dumping of the products under investigation, the domestic propionic acid industry suffered substantial damage, and there was a causal relationship between dumping and material damage. The anti-dumping duty rate imposed on all U.S. companies is 43.5 percent.

2024-07-24