07 November 2005 00:01 [Source: ICB Americas]
Hampshire Chemical Corp., a subsidiary of The Dow Chemical Co., has finalized the sale of its Daxad dispersant and glycine businesses to GEO Specialty Chemicals. Terms of the agreement were not disclosed. The transaction includes Dow’s Deer Park, Tex., production facility.
Eka Chemicals, a business unit of Akzo Nobel, announced that it will build a new plant in Guangzou, Guandong Province, China, for the production of paper chemicals in a €4 million ($4.8 million) investment. The plant is scheduled to come on line by the fourth quarter of 2006. The plant will meet growing demand in the Chinese paper and board market, which is expected to double by 2010.
Cytec Industries Inc. has completed the expansion of its Mount Pleasant, Tenn., plant which raises capacity for metal extractant products used in the copper mining industry. The expansion will increase the plant’s output capacity by approximately 50 percent.
Honeywell has completed the sale of its US nylon carpet fibers business to Shaw Industries Group Inc., a subsidiary of Berkshire Hathaway Inc. The deal includes Honeywell’s manufacturing operations in South Carolina and its 50 percent stake in Evergreen Nylon Recycling. The companies also have a long-term supply agreement.
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