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2014 China Coating Raw Material Enterprise Reorganization and Merger News Collection

 Last Update: 2021-09-16
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DuPont's high-performance chemicals business will be spin-off and listed next year

Mitsui Chemicals joins hands with South Korean SKC to integrate polyurethane business

Huntsman plans to shut down a European titanium dioxide plant

PolyOne acquires Accella's specialty chemicals assets

Shenyang Chemical intends to acquire Bluestar Dongda to enter the field of polyether polyols

Henkel acquires Berges AG to consolidate its leading position in the adhesives market

PPG Industries completes acquisition of Comex

It was reported on November 10 that PPG Industries completed the acquisition of Comex.
A few days ago, Pittsburgh, USA-PPG Industries announced that it has completed the acquisition of Consorcio Comex, SAdeC.
V (Comex), a Mexican architectural paint manufacturer, with a total value of US$2.
3 billion.
Charles E.
Bunch, Chairman and CEO of PPG Industries, said: “We are very pleased to successfully complete this acquisition.
This is the second largest acquisition in PPG’s history, enabling us to establish our presence in the Mexican and Central American architectural coatings market.
We are also looking forward to cooperating with the Comex team to jointly promote business integration.
"

PPG completes acquisition of Comex

It was reported on November 7 that PPG Industries recently announced that it has completed the acquisition of Comex, a Mexican architectural coatings manufacturer, with a total value of US$2.
3 billion.
Charles E.
Bunch, Chairman and CEO of PPG Industries, said: "This is the second largest acquisition transaction in PPG history, and it has established PPG's leading position in the Mexican and Central American architectural coatings market.
We look forward to working with the Comex team.
Work together to promote business integration.
"

PPG Industries was established in 1883 and its headquarter is located in Pittsburgh, USA.
Its products are mainly used in automotive coatings and industrial coatings.
Although PPG is the second largest industrial body in the industrial coatings industry, its proportion in the architectural coatings industry in Mexico and Central America is relatively low and almost negligible.
Global Coatings Network understands that COMEX is the leader of Mexico's architectural coatings industry, and its products are mainly supplied to Mexico and exported to Central America.
The acquisition of COMEX can make up for PPG's shortcomings in the architectural coatings industry and enter the architectural coatings market in Mexico and Central America.

Mitsubishi Chemical intends to reorganize its purified terephthalic acid (PTA) business

It was reported on November 7 that at the European Chemical Industry Council (Cefic) meeting held in Paris a few days ago, Yoshimitsu Kobayashi, chairman and CEO of Mitsubishi Chemical Holdings, said that the company plans to reorganize its loss-making purified terephthalic acid (PTA) business.

Kobayashi Yoshimitsu said that under the current severe situation, it is very necessary to take some restructuring measures.
Mitsubishi Chemical’s PTA plants in India and Indonesia are the most vulnerable business because of the lack of guarantees for the supply of raw materials, but the PTA market in China is the company’s biggest challenge.
Mitsubishi Chemical is considering multiple options to reorganize the PTA business.
PTA devices located in Indonesia and India are currently in full production, while the operating rates of PTA devices in China often fluctuate.

China Nuclear Titanium Dioxide will increase by more than three times throughout the year and acquire 25% of Haopu Titanium

On the evening of October 28, CNNC Titanium Dioxide acquired 25% of Wuxi Haopu Titanium Industry Co.
, Ltd.
held by HOPINVESTMENTCO.
, LIMITED through its wholly-owned subsidiary, Anhui Jinxing Titanium Dioxide (Group) Co.
, Ltd.
, at a transaction price of RMB 46.
467 million.

After the transaction is completed, China Nuclear Titanium Dioxide will hold 100% of Haopu Titanium through its subsidiary Jinxing Titanium Dioxide.

CNNC Titanium Dioxide stated that after acquiring 25% of foreign equity in Haopu Titanium, Haopu Titanium will become a wholly-owned company of CNNC Titanium Dioxide (through Venus Titanium Dioxide), and CNNC Titanium Dioxide will be able to make better use of listed companies’ multiple channels in the future.
The financing platform provides support to Haopu Titanium, and fully utilizes Haopu Titanium's technical, management, brand, and service advantages in the post-processing of crude titanium dioxide, to better adapt to the demand for special titanium dioxide in market segments, and to strengthen CNNC Titanium White profitability.

Cristal announced the acquisition of Jiangxi Tianguang's titanium dioxide business

On October 27, 2014, titanium dioxide manufacturer Cristal announced that it has reached an agreement to acquire the titanium dioxide business of Jiangxi Tianguang Chemical Co.
, Ltd.
, which is expected to be completed before the end of the first quarter of 2015, involving asset and equity transactions.
The production base of Jiangxi Tianguang Chemical Co.
, Ltd.
is located in Fuzhou City, Jiangxi Province, China.

Arkema acquires 160,000 tons of acrylic acid production line in Jiangsu

On October 21, Arkema Group Executive Vice President Mark Schule announced in Shanghai: Arkema and Jiangsu Jurong Chemical Co.
, Ltd.
will form a joint venture, Shengke Company.
Arkema will invest 240 million US dollars and hold a 55% stake in the acquisition.
Jurong Chemical's acrylic acid production line with an annual output of 160,000 tons.
This acquisition is the first phase of Arkema's acrylic business in China.

Currently, Asia accounts for 50% of the global acrylic acid market, of which China accounts for 25%.
Jiangsu Jurong Chemical is the fifth largest acrylic acid producer in the world and the largest in China.
The Jurong Chemical Taixing plant currently has two world-class acrylic production lines with an installed capacity of 320,000 tons per year.
The third acrylic acid production line of the Taixing plant with an annual output of 160,000 tons is expected to be officially put into operation in the first quarter of 2015.
At that time, the Taixing factory with an annual output of 480,000 tons of acrylic acid will become one of the world's largest acrylic acid production bases.

Mark Schuler revealed that after the completion of the first phase of the acquisition, Arkema may invest an additional US$235 million in the next two years or so to further acquire the second 160,000-ton acrylic acid production line of the Jurong Chemical Taixing Plant; in the next five years, Arkema Marathon may also acquire the third 160,000-ton acrylic acid production line of Jurong Chemical's Taixing Plant for US$165 million.
By then, Arkema's acrylic acid production capacity in China will reach 480,000 tons.
The group's expected goal is that by 2016, sales in China will account for 30% of total global sales.

Huntsman successfully acquired Lockwood's functional additives and titanium dioxide business

On October 10, in September 2014, Huntsman obtained the final approval of the European Commission to acquire the functional additives and titanium dioxide business of Lockwood Holdings.
At this point Huntsman will become the largest sulphate mineral processor, which is an important raw material with low price and can replace chlorine minerals.
Huntsman's titanium dioxide business will be second only to DuPont.

This successful acquisition put Huntsman in a more advantageous position.
The addition of titanium dioxide and functional additives business will broaden the company's product supply and establish the most competitive pigment and additives business globally.
And most of its income in the past year comes from specialty chemicals and titanium dioxide business.

Dow plans to sell three chemical businesses to raise more than US$2 billion

It was reported on October 2 that the Dow Chemical Company announced that it plans to raise more than US$2 billion through the sale of three chemical businesses as part of its previously announced plan to raise funds of up to US$6 billion through the sale of assets.
The company said it expects to sign the sale of its subsidiary Angus Chemical Co, Agro Fresh Inc, and the sodium borohydride business before the end of the year, and will complete the transaction early next year.

Dow Chemical plans to divest billions of dollars worth of non-core assets by 2015, and Dow will continue to divest its sluggish business.
This move is to adapt to Dow Chemical's strategic development of narrower and deeper focus on attractive growth markets.
The main areas include agriculture, coatings, electronic materials, packaging and high-performance materials.

Arkema intends to acquire Bostik to strengthen the Group's leading position in specialty chemical manufacturing

It was reported on September 29 that Arkema Group intends to acquire Bostik, the world's third largest adhesive company and a subsidiary of Total Group's specialty chemicals.

This acquisition project is highly consistent with the Arkema Group's strategy.
The acquisition of Bostik will help Arkema consolidate its leading position in specialty chemicals manufacturing and further strengthen the development of the high-performance materials business unit.
After the completion of the acquisition, the sales of the high-performance materials business unit will account for 42% of the group's total sales.
This is highly consistent with the strategy implemented by the Group since its listing.

Mr.
Thierry Le Hénaff, Chairman and CEO of Arkema Group, said: "Arkema has always been committed to becoming the world’s leading specialty chemicals manufacturer.
Since 2006, Arkema has successfully implemented in-depth Business transformation.
The proposed acquisition of Bostik will be another milestone in the process of achieving this ambitious goal.
"

China Nuclear Titanium Dioxide acquires Gansu Dongfang Titanium Industry and Nantong Baoju

On the evening of September 23, China Nuclear Titanium Dioxide issued several acquisition and investment announcements.
According to the announcement, the company intends to acquire 100% equity of Gansu Dongfang Titanium Industry Co.
, Ltd.
(hereinafter referred to as "Orient Titanium Industry") and Nantong Baoju Pigment Co.
, Ltd.
(hereinafter referred to as "Nantong Baoju"), with transaction amounts of 62 million yuan and 32.
86 million yuan.

According to the data, Nantong Baoju is one of the top five companies in the domestic iron oxide pigment industry and has a full set of patented technologies for the production of iron oxide pigments.
According to CNNC Titanium Dioxide, the acquisition of Nantong Baoju is an important strategic move for the company to enter the iron oxide pigment industry through mergers and acquisitions of advantageous companies, and to develop into the largest supplier of inorganic pigment products in China.

The other acquisition target Oriental Titanium is registered in Baiyin City, Gansu Province.
Its main business is the production and sales of titanium dioxide and nano-scale denitration catalyst titanium dioxide (operating with the validity period of the license); iron concentrate, titanium concentrate, and titanium slag , Production and sales of mineral products (except those involving pre-licensing or approval).

Bayer plans to spin off the materials science division for listing

On September 18, it was reported that the German pharmaceutical and chemical giant Bayer Group (Bayer) announced that it plans to spin off its Material Science division (Material Science) to focus on the life sciences business.
Bayer's materials science division is one of the world's largest producers of high-tech polymers, and its equity value is estimated to be at least 8 billion euros (approximately 10.
3 billion U.
S.
dollars).
Bayer said its management committee approved the listing plan of the materials science department on September 2 and the company's board of supervisors also approved the plan on Thursday.
The IPO will be conducted in 2016 at the latest.
Bayer CEO Marijn Dekkers said that the group hopes to create "two top global companies", Bayer will become a world-class life science company, and the spin-off material science department will become a leader in the polymer field.

The life sciences business currently accounts for 70% of Bayer's revenue and 88% of its core profit.
Bayer chose to spin off its materials technology business in 2016 and list it separately.
The goal is to create the world's leading companies in the fields of life science and material science respectively.
After the spin-off, MaterialScience will make better use of superior resources outside the Bayer Group to create its own process and business portfolio decision-making, which may have a positive impact on Bayer MaterialScience.
Just like ten years ago, Bayer's growing scale Huge profits have fallen sharply.
In the "slimming" campaign, the spin-off LANXESS has now become one of the chemical giants.

Akzo Nobel creates a new high-performance coating business structure

On September 1, it was reported that Akzo Nobel announced that it would create a new organizational structure for the high-performance coatings business area to achieve excellent performance.

The streamlined new organizational structure will reduce global management levels and is expected to be put into operation in January 2015.
After the adjustment, the high-performance coatings business area will include seven strategic market business groups, directly led by Conrad, a member of the management committee.
The seven business groups will focus on various customer segments and technologies, including: marine coatings, metal coatings, powder coatings , protective coatings, special coatings, automotive refinish paints and wood coatings.

Paint paint paintpaint

In 2013, Akzo Nobel announced its new business strategy: the company will give full play to its leading position in mature and high-growth markets in the future, and strive to achieve new financial goals.
The new strategy focuses on the needs of end users, operational efficiency and sustainable development.
This streamlining of management levels will not only improve Akzo Nobel's decision-making efficiency, but also help us build a more customer-focused, flexible and lean organizational structure.

Alpek will acquire all EPS business of BASF's North American joint venture subsidiary Polioles

It was reported on August 29 that chemical giant BASF and the world's leading PTA and PET producer Alpek reached an agreement in early July on the business restructuring of its North American joint venture subsidiary Polioles.
According to the agreement, Alpek will fully acquire all expandable polystyrene (EPS) businesses under Polioles, including its EPS production base in Altamira, Mexico.
BASF will acquire the polyurethane (PU) business of Polioles, including its equipment assets in Mexico and the marketing rights for PU, isocyanates and polyols.
In addition, Alpek will also acquire BASF's EPS-related businesses in the American market, including BASF's EPS sales and distribution channels in North and South America.

The acquisition of BASF's polyurethane business will greatly strengthen BASF's Performance Materials Division to tap the potential of North American and global customers in the industry.
The sale of the EPS equity of Polioles subsidiary and the transfer of part of the EPS business in the American market will help BASF to focus on strategic markets in Europe and Asia.

Mexico Chemical acquires German company Vestolit, a PVC producer

It was reported on August 8 that Mexico Chemical (MEXICHEM) agreed in early August to acquire Vestolit, the sixth largest PVC producer in Europe, from a private equity investment company.
The transaction amount including cash and debt obligations reached 219 million euros (approximately 294 million US dollars).
).
The transaction is subject to regulatory approval and is expected to be completed in the fourth quarter of this year.
Vestolit is the only European manufacturer of high-impact and weather-resistant suspension PVC windows, and the second largest manufacturer of PVC flooring and wallpaper film in Europe.
Its total PVC production capacity reaches 415,000 tons/year.
In addition, the company also produces intermediate alkyl chlorides.

Mexico Chemical said that this transaction is in line with the company's development strategy for the expansion of global high-end specialty products.
This transaction is an opportunity for it to expand its European business and to enter a new market segment.
Vestolit's new technology will provide a better experience for the global vinyl chloride business chain.
This acquisition is the third major acquisition of PVC by Mexican Chemicals.
In February 2012, the company acquired Wavin, a PVC pipe manufacturer, for 531 million euros, and was approved by the European Commission in June of that year.
Last year, Mexico Chemical also acquired PolyOne’s PVC assets for US$250 million.

LANXESS advances its restructuring plan and announces the merger of business units

On August 8, 2014, the official website of Specialty Chemicals Group LANXESS announced that it was systematically advancing the restructuring plan, and established a three-phase plan for the "Let's LANXES Sagain" (Let's LANXES Sagain) project.
The plan is aimed at the following three areas: business and management structure competitiveness, operational competitiveness, and product portfolio competitiveness.

LANXESS will merge some of its business units, reducing the number of business units from 14 to 10, effective January 1, 2015.
In addition, the company is streamlining its global administration, cutting cross-functional staff, and consolidating specific areas of work.
Employee representatives in the areas involved will participate in the streamlining process.

A more efficient organizational structure aims to strengthen LANXESS's services to key markets and key customers and cut costs.
In addition, LANXESS plans to reduce expenditures for all cost types.

Songwon successfully acquired Se Quent's specialty chemicals business

Ulsan, South Korea-August 6, 2014-Songwon Industrial Group has successfully acquired Se Quent's specialty chemicals business as planned, including the polymer stabilizer business, Se Quent's production base in Panoli, and the local R&D department .

This acquisition is another milestone in Songwon’s global strategy, which has consolidated its market position in India and can better meet current and future customer needs.

Polynt Group acquires CCP to create composite resin giant

It was reported on July 29 that the French Total Group had agreed to sell the CCP Composites business unit to the Italian Polynt Group at an undisclosed price.
CCP produces unsaturated polyester resins, gel coats and vinyl esters.
The combination with Polynt's unsaturated polyester resin business will create the largest composite resin manufacturer in Europe and the third in the world.
Global Coatings Network learned that CCP has 800 employees in 26 production bases around the world, and 220 employees in France, mainly located in the Drocourt plant in northern France.
The company's 2013 sales were 560 million U.
S.
dollars.

After the combination of Polynt and CCP, its business will cover the entire composite material value chain, from the production of upstream raw materials to the manufacture of downstream resin fiber composite materials.
Its products have a wide range of applications, such as ship hulls, refrigerated vehicle panels, swimming pools and shower basins.
.
At the same time, the two companies also emphasized the geographical fit: Polynt is mainly active in Italy, while CCP targets France.
"The business of CCP fits very well with the specialty chemicals business we currently operate.
It will enable us to appear on the market with new faces and continue to grow in this industry.
" Investindustrial senior industrial consultant Andrea C.
Bonomi said in a statement .

Mitsubishi Chemical will merge its synthetic resin emulsion business

Mitsubishi Chemical announced on April 4 that it has reached an agreement with its subsidiaries, Nippon Synthetic Chemical Industry and Chuo Rika Industrial, to merge the synthetic resin emulsion businesses of these two subsidiaries.
Mitsubishi Chemical plans to optimize production by merging the synthetic resin emulsion manufacturing divisions of these two subsidiaries.

Synthetic resin emulsions include vinyl acetate resin-based propylene copolymer resins that are practical in the fields of coatings, coating materials, and adhesives.
The business combination will be implemented on October 1, 2014.
In addition to synthetic resin emulsions, Nippon Synthetic Chemical Industry also manufactures and sells functional resins and functional films and other synthetic resin products.
Therefore, the synthetic resin emulsion manufacturing department will be separated from the company before the merger.
Central Physicochemical Industry, which specializes in synthetic resin emulsion business, will take over this department.

Bayer acquires DuPont's aniline plant to consolidate North American MDI production

It was reported on March 6 that Bayer MaterialScience announced on Monday that it had acquired DuPont’s aniline plant in Bay City, Texas.

Aniline is the main raw material for the production of MDI, and MDI is the main material for the production of rigid polyurethane foam.
MDI can also be used to produce coatings, adhesives, plasticizers and elastomers.
Craig Caputo, regional product vice president of Bayer MaterialScience’s polyurethane business, said: “Due to the recovery of the construction market, the promotion of energy-saving regulations and the development trend of home comfort, the MDI market in North America has great development potential.
This strategic acquisition can help Bayer To meet the growing needs of customers and consolidate the leading position in the polyurethane industry.
" (Source: Global Coatings Network) (For more information, please log in: Global Coatings Network http:// )

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