Indicadores Economicos 2009

Economic Indicators

Business news
plant watch
Bayer MaterialScience builds polyurethane raw materials facility March 27, 2009 — Bayer MaterialScience (Leverkusen, Germany) is to invest 20 million euros in a new aromatic and aliphatic polyisocyanate manufacturing facility in India.The new plant in Ankleshwar, in the northwestern state of Gujurat, is scheduled to start operating in 2011.Polyethylene plant to be built in India using Ineos technology March 25, 2009 — Ineos Technologies (Runcorn, U.K.) has reached an agreement with Brahmaputra Cracker and Polymer Ltd. (BCPL) to license the Innovene G process for the manufacture of polyethylene (PE) in a plant to be built at Lepetkata in northeast India. With a production capacity of 220,000 metric tons (m.t.) per year in a singlegasphase reactor, the plant will be able to manufacture a wide range of LLDPE (linear low-density PE) and HDPE (high-density PE) grades.This facility will form part of the Assam Gas Cracker Project, a grassroots integrated petrochemical complex being set up by BCPL. on Dec. 1, 2009, the date of its official establishment. It will be located in Chuo-ku, Osaka and capitalized at 450 million yen, withSuminoe Textile contributing 50.1% and Teijin Fibers 49.9%. Kimberly-Clark acquires safety products company April 14, 2009 – Kimberly-Clark Corp. (Dallas, Tex.) has acquired Jackson Products, Inc., a privately held, safety products company headquartered in Fenton, Mo. Jackson Products, Inc., more commonly known within the industry as Jackson Safety, is a leading provider of welding safety products,personal protective equipment and work zone safety products. Terms of the acquisition were not disclosed. BASF acquires Ciba and starts integration process April 9, 2009 – BASF has successfully completed its acquisition of Ciba Holding AG. BASF now holds 95.8% of Ciba. BASF Board member, Dr. Hans-Ulrich Engel, has become chairman of Ciba’s Board of Directors, the company’s senior supervisorybody. BASF intends to fully integrate Ciba into the BASF Group.The integration process will start with a “discovery phase”, during which time joint teams consisting of BASF and Ciba employees will analyze the acquired businesses in depth.The actual integration process will start in July 2009 on the basis of these results. Emerson acquisition expands expertise April 7, 2009 — Emerson ProcessManagement (St. Louis, Mo.) has acquired epro GmbH (Gronau, Germany).The deal expands Emerson’s online machinerymonitoring capability and is expected to speed availability of next generation solutions. Terms of the deal were not announced. Dow announces divestiture of Morton Salt April 3, 2009 — The Dow Chemical Co. (Dow; Midland, Mich.) has announced that Rohm and Haas, a wholly owned subsidiary of Dow,has entered into an agreement to sell the stock of Morton International, Inc., the salt business of Rohm and Haas, to K+S AG. The transaction values Morton International at $1.675 billion and is subject to customary closing conditions. The deal is expected to close in mid-2009. Dow completes its acquisition of Rohm and Haas April 1, 2009 – Dow has completed its acquisition of Rohm and Haas.Combining the two organizations creates a $14.0-billion diversified business portfolio, which is called Dow’s Advanced Materials division. The division is intended to achieve $3.0 billion in additional value growth opportunities, as well as annual cost synergies of $1.3 billion. Rohm and Haas is the key element in Dow’s new Advanced Materials division. Pierre Brondeau has been named president and CEOof this division, which includes: coatings, building and construction, specialty materials, adhesives and functional polymers, and electronic materials. Taylor Chemical Co. rebrands as Siovation April 1, 2009 — Taylor Chemical Co. (Lawrenceville, Ga.), a formulator and manufacturer of silicone-based technology has announced a name change of the 29-yr-old company. The new name, Siovation is the...