Two of the largest end-use industries that consume specialty chemicals—automotive and construction—are highly influenced by changes in GDP.
The market for lithium, lithium minerals, and lithium chemicals has seen major changes over the last few years in terms of supply and demand, and will continue to grow over the coming years, says IHS Markit.
BASF has announced that DIC Corp. (Tokyo, Japan) will acquire BASF's worldwide pigments business.
Sika has agreed to acquire Crevo-Hengxin (Changshu, China), a producer of silicone sealants and adhesives used in both industry and construction applications.
Ascensus Specialties (Bellevue, Washington), a maker of sodium borohydride products, says it has acquired Callery (Evans City, Pennsylvania) from private equity firm Edgewater Capital Partners (Cleveland, Ohio).
Toyotsu Lithium Corporation (Japan), a joint venture (JV) between Orocobre Limited (Brisbane, Australia) and Toyota Tsusho (TTC; Tokyo, Japan), in August held a groundbreaking ceremony for the lithium hydroxide plant at Naraha, Fukushima Prefecture, Japan.
Lithium mining company Kidman Resources (Melbourne, Australia) says that its shareholders have backed a A$776-million ($546 million) acquisition bid from Wesfarmers (Perth, Australia).
Vink Chemicals GmbH & Co. KG (Kakenstorf, near Hamburg, Germany) has announced that is has acquired a product range of technical biocides from Schülke & Mayr GmbH (Norderstedt, Germany). Vink has also acquired a range of oil and gas additives from Schülke & Mayr.
Tata Chemicals (Mumbai, India) announced that it has commenced the commercial recovery of cathode active materials from spent lithium-ion (Li-ion) cells/batteries at a facility near Mumbai.
LG Chem said that it has formed a partnership with Universal Display Corp. (UDC; Ewing, New Jersey), a display materials firm, to develop an advanced organic light-emitting diode (OLED) component.
CPS Performance Materials, a portfolio company of private equity firm Arsenal Capital (New York, New York), has acquired Geo Specialty Chemicals, a maker of methacrylate materials and other specialty chemicals.
The American Chemistry Council (ACC) has reported that its specialty chemicals index (SCI) rose by 1.4% in July, compared with that in July 2018.