Chemical & Engineering News Digital Edition ... - IMM@BUCT
Chemical & Engineering News Digital Edition ... - IMM@BUCT
Chemical & Engineering News Digital Edition ... - IMM@BUCT
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BUSINESS CONCENTRATES<br />
BLAST AT CANADIAN<br />
CELANESE PLANT<br />
Celanese’s AT Plastics unit has declared<br />
force majeure for specialty plastics made<br />
at its Edmonton, Alberta, site, after an explosion<br />
and fire on Oct. 24. Nine workers<br />
were injured in the incident, treated, and<br />
released from the hospital. AT Plastics was<br />
part of Celanese’s 2005 purchase of Acetex<br />
and generated some $225 million in sales<br />
for Celanese in 2007. Celanese has yet to<br />
determine the cause or financial impact of<br />
the explosion.—AHT<br />
ALBEMARLE UNVEILS<br />
CATALYST TECHNOLOGY<br />
MERCK SLASHES JOBS,<br />
CLOSES RESEARCH SITES<br />
Merck & Co. said late last month that it will cut its workforce by about<br />
12%, eliminating approximately 7,200 positions across the company’s<br />
worldwide operations. The firm expects to complete the cuts by the end<br />
of 2011. The company also disclosed that it will shutter research facilities<br />
in Seattle; Tsukuba, Japan; and Pomezia, Italy. Merck, which now has approximately<br />
57,000 employees worldwide, expects the current job cuts to<br />
yield cumulative pretax savings of $3.8 billion to $4.2 billion from 2008<br />
to 2013. The company anticipates a pretax restructuring cost of between<br />
$250 million and $450 million in the fourth quarter of this year. Like most<br />
major drug companies, Merck faces many pressures, including a dropoff<br />
in new drugs, impending patent expirations, and declining revenue<br />
for products in its portfolio. The firm has in recent years closed five of its<br />
manufacturing facilities around the world.—RM<br />
Albemarle researchers have developed a<br />
proprietary catalyst activator that doubles<br />
productivity and lowers costs compared<br />
with conventional single-site polypropylene<br />
and polyethylene<br />
metallocene<br />
catalyst systems. Albemarle’s<br />
ActivCat<br />
technology, which<br />
Polypropylene<br />
is based on aluminoxane<br />
cocatalysts,<br />
produces resins with properties similar<br />
to those made with standard methylaluminoxane/silica-type<br />
catalysts, according<br />
to the company.—MSR<br />
EVONIK ADDS MORE<br />
PEROXIDES<br />
Evonik Industries will spend just more<br />
than $60 million to build a hydrogen peroxide<br />
plant at the Triunfo petrochemical<br />
complex near Porto Alegre, in southern<br />
Brazil, primarily to serve the paper and<br />
pulp industry. Construction is planned to<br />
start in mid-2009, and the plant should<br />
come onstream in early 2011. The new facility<br />
will have capacity of 40,000 metric tons<br />
per year.—PLLS<br />
DC CHEMICAL FORCED<br />
OFF SODIFF BOARD<br />
South Korea’s DC <strong>Chemical</strong> has issued a series<br />
of angry protests after Sodiff Advanced<br />
Materials, a company in which it is the largest<br />
shareholder, booted DCC’s representative<br />
off the board. Sodiff, a manufacturer<br />
of specialty gases used in the electronics<br />
BASF<br />
industry, alleges that DCC was stealing its<br />
technology. But DCC, a manufacturer of<br />
industrial chemicals and polysilicon<br />
used in solar cells, says it<br />
helped Sodiff survive a financial<br />
crisis and claims that Young Kyun<br />
Lee, the second-largest shareholder<br />
in Sodiff, is attempting<br />
to seize control of Sodiff. DCC<br />
currently owns 26% of Sodiff; its stake will<br />
increase to 37% when its convertible bonds<br />
come due on Dec. 1.—JFT<br />
BASF COLORS<br />
CONCEPT CAR<br />
Automaker Mazda unveiled an environmentally<br />
friendly urban concept car at the<br />
Paris International Motor show last month.<br />
Dubbed Kiyora, which in Japanese means<br />
clean and pure, the light, fuel-efficient car<br />
is designed to appeal to young European<br />
drivers. It features transparent polycarbonate<br />
doors and a paint finish developed<br />
by BASF Coatings.—MSR<br />
GLAXO TO BUY GENELABS<br />
TECHNOLOGIES<br />
GlaxoSmithKline has reached a definitive<br />
agreement to buy Genelabs Technologies<br />
for $57 million. Genelabs is a Redwood City,<br />
Calif.-based drug discovery firm now focusing<br />
on novel compounds that selectively<br />
inhibit replication of the hepatitis C virus.<br />
The two firms already have a partnership to<br />
develop a vaccine against hepatitis E.—MSR<br />
LINDE EXPANDS IN<br />
CHINA, SWITZERLAND<br />
Industrial gases supplier Linde will undertake<br />
projects to expand supplies to customers<br />
in China at a cost of $22 million and in<br />
Switzerland at a cost of $56 million. Linde<br />
plans to build a third air separation<br />
plant in Ningbo, in eastern China,<br />
to supply Ningbo Steel beginning in<br />
2009. Also in Ningbo, Linde will construct<br />
a pipeline by 2010 to supply<br />
oxygen and nitrogen to a polyvinyl<br />
chloride factory now under construction<br />
by Korea’s Hanwha <strong>Chemical</strong>.<br />
In Muttenz, Switzerland, the<br />
firm will construct a 500-ton-per-day<br />
liquefied nitrogen, oxygen, and argon<br />
plant by late 2010 to supply chemical<br />
and pharmaceutical customers in the<br />
area in which the Swiss, German, and<br />
French borders meet.—MSR<br />
WWW.CEN-ONLINE.ORG 13 NOVEMBER 3, 2008