Vale Inco to buy Sud-Chemie's stake in German JV

20 December 2007 12:31  [Source: ICIS news]

MUMBAI (ICIS news)--Nickel and specialty nickel products supplier Vale Inco's German unit plans to buy out catalyst manufacturer Sud-Chemie's 50% stake in the two companies' joint venture Alantum to become its sole owner, the Canadian company said on Thursday.

However, Sud Chemie and Vale Inco would continue to cooperate for the production and distribution of diesel exhaust gas purification catalysts for the automotive industry, based on a modified structure, it added, without disclosing any other details.

Sud-Chemie would supply Germany-based Alantum with catalytic coatings for the base material developed by Vale Inco and used in diesel emission control catalysts, it said.

By: Isha Jha
+65 6780 4359

< previous article(VIDEO – ICIS news Americas Lunchtime Bulletin 18 January 2010)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly