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Covestro’s total MDI capacities in the NAFTA region will reach around 740 kilotons per year making Covestro the industry capacity leader in the region by 2024, the company stated.
The strategic location of this knowledge and testing center will also enable Stahl to accelerate its services for the main European markets, the company stated.
The move follows the recent acquisition of the business by The Carlyle Group and marks the company’s transition to becoming an independent, global specialty chemicals leader, AkzoNobel stated.
According to Evonik, this new partnership with EMCO-INORTECH ULC will give Canadian formulators access to the highest level of products and services.
Located in Sao Paulo, the 24,000 square-foot facility is its first new complex in South America since Creative INX was acquired in December 2016 and is designed to manufacture approximately nine million pounds of product annually.
Arkema reported that the investment to localize production of SYNAQUA in North America will enhance the company’s ability to meet growing customer demand.
The acquisition also includes Decorative Europe as part of Hempel.
The company’s $14.7 million investment is expected to bring approximately 40 new jobs to the community, ShayoNano reported.
The agreement is reportedly an extension of Univar's lubricants, adhesives, and cosmetics portfolio featuring a combination of products and services designed to meet increasing customer demand.
Geographic markets served by Resiquímica include Portugal, Spain, France, and North Africa.