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The cell, expected to be fully operational in January 2019, will reportedly increase production flexibility and productivity at the site, while also delivering significant cost savings, shortened delivery cycles, and reduced emissions.
The sales center brings additional product, market and technical expertise to the region, and expands Univar’s overall presence in important growth markets, the company stated.
Covestro invested a sum in the low double-digit million EUR. Both parties agreed to not disclose any further financial details of the transaction.
According to the company, as part of its commitment to employees to remain in the Lehigh Valley, Evonik will purchase R&D 1, R&D 3, a pilot plant, ancillary support buildings along with an additional 41 acres.
The facility, when added to the Longview, Tex. site isobutyric acid manufacturing facility, doubles Eastman's production capacity, the company reported.
Buckman selected Univar due to its large-scale distribution capabilities, leading supply chain network and innovative digital technologies, Buckman reported.
Stahl stated that at each center, the company’s experts work side-by-side with partners to meet the growing demand for products and solutions that have less impact on the environment.
With this new plant, Sika reported that it is tripling its production capacities and strengthening its mar-ket position in Peru.
The Burgess Pigments kaolins are used for a variety of applications, including paints and coatings, inks, sealants and adhesives, concrete, cement, plastics, and rubber.
The transaction, valued at approximately $1.1 billion, is expected to close prior to the end of the June 2019 quarter, contingent on certain customary regulatory approvals, standard closing conditions, and completion of required employee information and consultation processes.