Chemical Engineering July 2017 - 13

ExxonMobil completes two new
polyethylene lines in Mont Belvieu
May 23, 2017 - ExxonMobil Chemical Co. (Houston; www.
exxonmobilchemical.com) announced the mechanical
completion of two new 650,000-m.t./yr high-performance
polyethylene lines at its plastics plant in Mont Belvieu,
Tex. The company expects production to begin during
the third quarter of 2017.
Mergers & Acquisitions
Honeywell to boost cybersecurity
portfolio with Nextnine acquisition
June 12, 2017 - Honeywell (Morris Plains, N.J.; www.
honeywell.com) has agreed to purchase Nextnine, a specialist
in industrial cybersecurity. Nextnine's flagship technology,
ICS Shield, protects industrial sites from cybersecurity
attacks and enables remote monitoring of assets.
Shenzen Capchem to purchase
electrolytes plant from BASF
June 5, 2017 - BASF has signed an agreement to sell
its electrolytes manufacturing site in Suzhou, China to
Shenzhen Capchem Technology Co. The transaction is
expected to close during the third quarter of 2017.
Hexcel to acquire French
composites producer Structil
June 2, 2017 - Hexcel Corp. (Stamford, Conn.; www.
hexcel.com) has entered into exclusive negotiations to
acquire composites producer Structil S.A. Structil is a JV
between Safran Ceramics and Mitsubishi Chemical Corp.
that is headquartered in Vert-le-Petit, France. Structil's
2016 sales were approximately $21 million.
Chromalox acquired
by Spirax-Sarco Engineering
May 30, 2017 - Spirax-Sarco Engineering plc (Cheltenham,
U.K.; www.spiraxsarcoengineering.com) signed an
agreement to acquire Chromalox, Inc. (Pittsburgh, Pa.;
www.chromalox.com) for $415 million. Chromalox is a
provider of products and systems for industrial process
heating and temperature management with manufacturing
facilities in North America, France and China.
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PPG to sell U.S. fiberglass
operations to Nippon Electric Glass
WASH WATER
May 26, 2017 - PPG Industries, Inc. (Pittsburgh, Pa.;
www.ppg.com) has reached a definitive agreement to
sell its remaining fiberglass operations to Nippon Electric
Glass Co. (NEG), including manufacturing facilities in South
Carolina and North Carolina. Pre-tax proceeds from the
sale are approximately $545 million.
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Clariant and Huntsman to combine
in merger of equals
May 22, 2017 - Clariant AG (Muttenz, Switzerland;
www.clariant.com) and Huntsman Corp. (The
Woodlands, Tex.; www.huntsman.com) approved an
agreement to combine in a merger that will create a global
specialty chemicals entity named HuntsmanClariant with
a combined enterprise value of approximately $20 billion.
The transaction is targeted to close by year-end 2017. ■
Mary Page Bailey
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http://www.exxonmobilchemical.com http://www.honeywell.com http://www.hexcel.com http://www.spiraxsarcoengineering.com http://www.chromalox.com http://www.ppg.com http://www.clariant.com http://www.huntsman.com http://www.CRCleanAir.com http://WWW.CHEMENGONLINE.COM http://adlinks.chemengonline.com/66430-05
Chemical Engineering July 2017

Table of Contents for the Digital Edition of Chemical Engineering July 2017
