Industry

Strategic Value Partners and Blantyre Capital Acquire OQ Chemicals

Strategic Value Partners, LLC and its affiliates (together, "SVP") and Blantyre Capital Limited ("Blantyre") announced that SVP-managed funds and Blantyre-managed funds have acquired OQ Chemicals (OXEA), a global producer and merchant of oxo chemicals. As part of the acquisition, OQ Chemicals will reinstate its name to OXEA, reaffirming its heritage and longstanding presence in the global chemicals industry. Read More…

BASF Completes Divestment of Shares in Two Joint Ventures

BASF has divested its shares in the joint venture companies, BASF Markor Chemical Manufacturing (Xinjiang) Co., Ltd. and Markor Meiou Chemical (Xinjiang) Co., Ltd. in Korla, China, to Verde Chemical Singapore Pte. Ltd. Following approval by the relevant authorities, the transaction was completed effective April 21, 2025. Both parties have agreed not to disclose financial details of the transaction. Read More…

PPG Opens Automotive Coatings Color Innovation Studio and Waterborne Automotive Coatings Plant in Asia

PPG announced the opening of an automotive coatings color creation studio at the PPG Global Coatings Innovation Center in Tianjin, China.  According to PPG, the studio, which is equipped with state-of-the-art equipment to ensure high-precision color presentation and immersive experiences for clients as well as the latest software tools to enhance color design support, enables brands to quickly respond to market trends and strengthen product competitiveness. Read More…