Once completed, the facility will house more than 350 employees.
Henkel recently announced it has laid the corner stone for the new global innovation center of its adhesive technologies business at the company’s headquarters in Düsseldorf, Germany.
The merge reportedly combines both companies’ product lines to give industrial and manufacturing customers more choices for their protection and surface enhancement needs.
LINE-X® and Ultimate Linings® recently announced they have combined to form IXS Coatings.
Additional expansion projects to increase capacity in Dow’s high-value performance silicones products and intermediates include a new specialty resin plant in Zhangjiagang, Jiangsu, China.
The Dow Chemical Co. recently announced new low capital intensity, high return investments in its upstream and downstream silicones franchise.
Major market players are reportedly investing in the R&D to develop advanced products which can overcome the shortcomings of the conventional adhesives and sealants.
The global hybrid adhesives and sealants market is projected to witness a compound annual growth rate of 6.02% during the forecast period of 2017 to 2023.
An unconditional closing of the purchase will take place in the next days.
Clariant recently announced that SABIC has received the final outstanding regulatory approvals from the competition authorities for the purchase of a 24.99% stake in Clariant.
The rising demand for adhesives and sealants across various applications is reportedly expected to drive the growth of the adhesives and sealants market.
The adhesives and sealants market is projected to grow from $56.59 billion in 2018 to $71.99 billion by 2023.