Cosmetics application segment to witness low growth


Derived from the pineapple plant, the bromelain enzyme finds various applications across different end-use industries. At the industrial level, bromelain is used to digest proteins. The proteolytic nature of bromelain finds application in the F&B industry where bromelain is largely used as a meat tenderizer. With added benefits such as anti-inflammation and immunity boosting properties, bromelain is being increasingly used in dietary supplements. Read more

 

AkzoNobel NV announced the sale of 100 percent of its speciality chemicals business to The Carlyle Group and GIC, for an enterprise value of €10.1 billion. This transaction creates two focused and high performing businesses – paints and coatings, and speciality chemicals – as part of its strategy announced in April 2017. The transaction is expected to be completed before the end of 2018.  The board of management and the supervisory board concluded that a private sale to The Carlyle Group and GIC. Read more

 

Reliance Eagleford Upstream Holding LP has signed an agreement with Sundance Energy Inc, to divest its interest in certain acreage, producing wells and related assets in the western portion of its Eagle Ford shale position, for an approximate consideration of $100 million. Reliance Eagleford Upstream Holding LP is a subsidiary of both Reliance Holding USA Inc and Reliance Industries Limited. The sale is expected to close in 1st quarter FY19. Read more 

 

Stepan Company (SCL) has completed the acquisition of surfactant production facility in Mexico from BASF Mexicana SA DE CV. Also completes the acquisition of a portion of BASF’s associated surfactants business. The facility is located close to Mexico City and has over 50,000 metric tonnes of capacity, 124,000 square footage of warehouse space, a large laboratory and office space. “This acquisition supports the company’s growth strategy in Latin America.  We believe this acquisition significantly enhances Stepan’s market position. Read more

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