12 June 2006 00:00 [Source: ICB Americas]
Ferro has chosen Deloitte & Touche as its independent registered public accountants. Ferro expects to file its audited 2005 Annual Report on Form 10-K by the end of September 2006. Ferro has approximately 7,000 employees globally and reported sales of $1.9 billion in 2005.
Univation Technologies has been chosen by Korea’s Lotte Daesan Petrochemical, a wholly owned subsidiary of Honam Petrochemical, to assist in their planned linear low-density polyethylene plant expansion. This 130,000 ton-per-year capacity increase is part of a major petrochemical expansion at Lotte’s site in Daesan, South Korea.
H.B. Fuller has entered into agreements to settle numerous construction-product-related liability claims. The company will pay up to $5 million to settle these product liability claims. Insurance should cover approximately $1.5 million.
Chemtura’s world headquarters facility has been certified to the RC14001 international standard for its integrated Responsible Care and environmental management system. RC14001 is a combination of the chemical industry’s Responsible Care standards and the international environmental management standard ISO 14001.
Gulf Stabilizer Industries, a 51/49 joint venture between Zamil Holdings and Chemtura, says it will increase by 35% the capacity of Anox NDB blending at its Al Jubail facility, effective in the third quarter of 2007. “This expansion is being driven by the exciting growth of our customers’ polyolefin production capacities in the Middle East region,” said Sean O’Connor, GSI chairman. “Our Anox NDBs make it safer, cleaner and easier for our customers to add components such as antioxidants and UV stabilizers to their polyolefin products.”
Taiwan-based Hopax is about to expand its production capacity of biological buffers by 500 percent when it opens a new GMP facility in August. “The expansion will strengthen us for future growth. The increase in production volume will meet market demands and also provide cost benefits for customers,” said I-Chen Wei, vice president of Hopax Fine Chemicals.
Aceto will build or buy a facility in India that will house analytical laboratories, logistics, and quality control and assurance, expanding its current Indian sourcing and regulatory staff of 10 to include graduate-level analytical chemists and pharmacologists. Additionally, the company formed Aceto Pharma, a wholly owned subsidiary, to market finished dosage form pharmaceuticals, both chemical and biopharmaceutical, under its own brand.
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