05.11.2014 Views

Chemical & Engineering News Digital Edition ... - IMM@BUCT

Chemical & Engineering News Digital Edition ... - IMM@BUCT

Chemical & Engineering News Digital Edition ... - IMM@BUCT

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

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

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!