AkzoNobel plans to spin off Specialty Chemicals unit

|

article image
Industrial paints and chemicals company AkzoNobel said Wednesday it plans to spin off its Specialty Chemicals unit within 12 months to boost growth and reward its shareholders.

Spotlight

ChemTreat

Headquartered in Richmond, Virginia, ChemTreat is one of the largest and fastest growing industrial water treatment companies in North and South America. Since 1968 our entrepreneurial spirit and emphasis on hiring the very best field engineers have driven our success as we continue to find new ways to demonstrate value for our customers. Dedicated to industrial water treatment, we offer world class products and process improvement services focused on building long term satisfaction and commitment. We help our customers save millions of dollars every year, enabling us to achieve unparalleled growth in the water treatment industry. ChemTreat has over 800 associates working throughout North and South America. Our industrial water management programs include boiler, cooling tower, influent, wastewater treatment, and much more!

OTHER ARTICLES

What Are Fine Chemicals?

Article | March 27, 2020

The initial versions of drugs were produced by extracting substances from natural herbs and other plants. As understanding and technology in chemistry continued to grow, scientists figured out to isolate and extract a lot more individual compounds from raw materials. The complicated processes that produce these simple, pure substances form the field of fine chemistry. The chemical industry is separated into branches, with fine chemicals serving as the smallest segment of them. Its companions are commodities and specialty chemicals. Commodity chemicals are those that are mass-produced on a big scale to supply global markets. They include general compounds that are the same from supplier to supplier. Specialty chemicals usually are sold as brand name products and are advertised for their distinct qualities and their abilities to carry out functions that other chemicals cannot. They are composed of one or more fine chemicals.

Read More

Exploring the potential impact of Brexit on the chemical industry

Article | March 27, 2020

With Brexit officially underway, the UK has entered the transition period during which arrangements affecting the chemical industry will be made. The chemical sector produces around £50 billion worth of exports annually, and 60% of this goes directly to the European Union [1]. 75% of our chemical imports also come from the EU [1], making Brexit a critical time for the sector. The future of trading is yet to be established. Now is a pivotal period during which the chemical industry, stakeholders and the government need to work together to determine this future, in order to allow for a continuation of chemistry enabled growth.

Read More

COVID-19’S IMPACT ON CHEMICAL SUPPLY CHAINS

Article | March 27, 2020

The global COVID-19 pandemic has resulted in significant impact on chemical supply chains. Here we take a look at some of the chemicals that have been affected: Sanitization products such as Isopropyl Alcohol have experienced skyrocketing demand. Unfortunately, manufacturers are simultaneously dealing with problems that are preventing them from supplying at full capacity. While two US producers are experiencing production issues, another is having trouble with raw material Acetone supply. A fourth US producer is scheduled to restart production of IPA, but this material will take a few weeks to come online. Meeting this unprecedented demand is proving to be a challenge, and prices have increased sharply.

Read More

Coronavirus Impact on Fine Chemical Supply Chain

Article | March 27, 2020

Coronavirus, more accurately referred to as COVID-19, is beginning to impact global supply chains in a tangible way. Although it is impossible to forecast the effect of numerous epidemics worldwide on the fine chemical supply chain specifically, reports suggest that as much as 94% of the Fortune 1000 are already experiencing coronavirus-related supply disruptions. Fortune cites the devastating 2011 tsunami as a case study of how unforeseeable disasters can severely disturb supply chains with far-reaching ramifications. Damage to Mitsubishi Gas Chemical factories in the area affected by the tsunami led to a shortage of bismaleimide triazine (BT) resin; a critical material for electronic substrates.

Read More

Spotlight

ChemTreat

Headquartered in Richmond, Virginia, ChemTreat is one of the largest and fastest growing industrial water treatment companies in North and South America. Since 1968 our entrepreneurial spirit and emphasis on hiring the very best field engineers have driven our success as we continue to find new ways to demonstrate value for our customers. Dedicated to industrial water treatment, we offer world class products and process improvement services focused on building long term satisfaction and commitment. We help our customers save millions of dollars every year, enabling us to achieve unparalleled growth in the water treatment industry. ChemTreat has over 800 associates working throughout North and South America. Our industrial water management programs include boiler, cooling tower, influent, wastewater treatment, and much more!

Events