specialty chemicals
Clariant has officially inaugurated its new and state-of-the-art halogen-free flame retardants production facility in Daya Bay, Huizhou, in China. The investment of CHF 60 million in the plant's first production line gives local customers access to novel and sustainable Exolit OP flame retardants. It also brings strong technical expertise to support the continued growth of engineering plastics...
Biesterfeld Spezialchemie, a business unit of the Biesterfeld Group, is bundling its business in the three overarching clusters "Industrial", "Consumer" and "Healthcare" with immediate effect. With the new structure and a newly created management level of Global Business Directors, the Group, which is one of the leading international distributors, intends to strategically drive forward its...
Bjørn-Erik Dahlmann is the new Managing Director of Lindberg & Lund AS in Norway. He succeeds Morten Haugberg, who is retiring after 35 years in Lindberg & Lund and has been Managing Director since 2001. Lindberg & Lund AS is a subsidiary of Biesterfeld Spezialchemie and part of the Biesterfeld Group, one of the leading international distributors of plastics, rubbers and specialty chemicals.
Effective March 1st, Ib Jensen takes over from Jan Secher as Chief Executive Officer of Perstorp Group, a specialty chemicals company headquartered in Malmö, Sweden and since 2022 part of Petronas Chemicals Group Berhad (PCG for short). Ib Jensen is a highly respected senior industry executive with a long career as CFO and extensive experience from M&A and integration of acquired companies...
In August 2021, specialty chemicals company Lanxess completed the acquisition of Emerald Kalama Chemical. The U.S.-based company is a world-leading manufacturer of specialty chemicals. All required regulatory approvals have been received. The company financed the purchase price of around EUR 870 million from liquid funds. In 2020, Emerald Kalama Chemical generated global sales of around EUR 375...
Specialty chemicals suppliers are likely to face less pressure on their credit quality than integrated or bulk suppliers, which are exposed to more commoditised products. Credit quality could improve if economic growth does not slow too drastically. In the coming year, Scope sees half a dozen main trends for chemicals companies. “Integrated chemicals players will remain vulnerable to slowing...
