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Tatneft sells tyre business

Russian petchem giant PJSC Tatneft says it has sold the tyre business of Tatneft Group, which it has owned for 20 years, to AO Tatneftekhiminvest-holding, which is not a member of Tatneft Group, due to the current situation. Terms were not disclosed The transaction…

Nynas reorganises; sales in Asia from Singapore

Chemical firm Nynas is taking strategic steps to strengthen its competitiveness in core markets. Nynas says it will create a business footprint focusing on customers in the naphthenics and bitumen market in Europe, and significantly improve efficiency to deliver a competitive customer experience.…

Wacker opens EUR40 mn R&D centre/hq in the US

German silicones maker Wacker Chemie has opened a new regional Innovation Centre based in Michigan, US. The research building, which will develop high-margin biotech and silicone specialties for high-tech applications in key industries, will also serve as the headquarters of Wacker’s…

Arlanxeo debottlenecks German HNBR plant by 10%

Arlanxeo says it is strengthening its position as one of the world’s leading manufacturers of synthetic rubber by investing in its HNBR (hydrogenated nitrile butadiene rubber) plant in Leverkusen, Germany. The investment re-emphasises Arlanxeo’s commitment towards upgrading applications in automotive systems, oil exploration,…