The Supervisory Board of specialty chemicals group
ALTANA AG has announced its decision to extend the appointment of Dr. Matthias
L. Wolfgruber as CEO of the company ahead of schedule.
International Paint Protective Coatings has announced that
expansion of its Berea, OH, manufacturing facility is now complete, bringing
production of the company’s Ceilcote® and Enviroline®
brands together under one roof.
Caraustar
Industries Inc. has announced that the Bankruptcy Court for the Northern
District of Georgia (the “Court’) granted final authorization for the company
to borrow all amounts available under its $75 million debtor-in-possession
credit facility (the “DIP Facility”) from General Electric Capital Corp.,
pursuant to the terms and conditions of the DIP Facility Agreement, and to use
the amounts borrowed under the DIP Facility to fund working capital and other
general corporate needs.
Huntsman Corp. recently announced an agreement with Credit Suisse and Deutsche Bank (“The Banks”) to settle Huntsman's claims and end the ongoing trial against them in Texas state court for fraud and tortious interference in connection with Huntsman's terminated merger agreements with Basell and Hexion Specialty Chemicals Inc.
Huntsman
Corp. announced the acquisition of the Baroda Division of Metrochem Industries,
a manufacturing facility for the production of intermediates and specialty
products for textiles, located in Baroda,
India.
In response to growing demand for its custom material handling products, Universal Package
Systems has expanded its Dale, IN,
facility with a 9,000-square-foot addition.
Dyneon LLC, a 3M company, and Shandong Dongyue Polymer Material
Co. Ltd., a China-based PTFE producer, have agreed to enter into a raw material
supply agreement relating to suspension polytetrafluoroethylene (PTFE)
intermediate.
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