- MARKETING NEWS.
Shareholders of Ag-Chem Equipment Co., Minnetonka, Minn., have approved an acquisition offer from Duluth, Ga.-based AGCO Corp. Ag-Chem will operate as a division of AGCO. AGCO will move the current production operations of its Willmar, Minn., manufacturing facility into the Jackson, Minn., Ag-Chem facility. The Ag-Chem manufacturing facility in Benson, ......
- Surging natural gas rates will stem price erosion
Caustic soda prices in North America have retreated over the past few months after spiking last summer. But soaring rates for natural gas, which is used as a production fuel, along with an anticipated pickup in demand, should put upward pressure on prices through much of 2004. Supply: Idled plants ......
- DuPont Cuts Back
DuPont says it will eliminate 3,500 jobs this year in a move to cut $325 million from its operating expenses. The chemical company, based in Wilmington, Delaware, said the cuts will include 45 workers at its plant in Deepwater in Salem County. DuPont employs about 1,000 workers at the plant, ......
- DuPont and Unifi form polyester manufacturing alliance
On April 3 DuPont and Unifi, Inc. announced that they intend to form a manufacturing alliance in the U.S. to produce polyester filament yarn. The alliance will optimize their partiallyoriented yarn (POY) manufacturing facilities, increase productivity and improve product quality. It will become effective on June l, 2000. The alliance ......
- MERGERS AND ACQUISITIONS
Degussa's Sells Off Thiourea Dioxides Business to Wegog Chemicals... Degussa (Parsippany, NJ; www.degussa.com) has sold its $6 million/yr thiourea dioxide business (TD) to Wego Chemical & Mineral Corp. (Great Neck, NY; www.wegochem.com) due to "fundamental changes in the TD market and the high costs of production," says the company. The ......
- Tate & Lyle PLC and DuPont announce a new U.S.
joint venture to make an industrial ingredient from renewable sources,
such as corn, which will replace petrochemicals, for use in the
manufacture of clothing,...
Tate & Lyle PLC and DuPont announce a new U.S. joint venture to make an industrial ingredient from renewable sources, such as corn, which will replace petrochemicals, for use in the manufacture of clothing, plastics and textile fibers. The new company--DuPont Tate & Lyle BioProducts LLC--is equally owned by Tate ......
- Global changes at Brunner Mond.
Brunner Mond is restructuring its soda ash operations at Delfzijl in the Netherlands, and investing heavily to produce higher quality soda ash at its Magadi Soda site in Kenya. The Dutch changes have come about because a neighbouring factory supplying caustic soda to Brunner Mond is to close in 2004....