Chemicals
The companies featured on PressReleaseFinder are active in several industries.
12 Jun 2020
DOMO to stop and close BOPA production at Leuna plant
DOMO Chemicals, a leading producer of high-quality engineering materials for a diverse range of markets, has announced plans to stop and close its third line of Biaxally Oriented PA films (BOPA) from DOMO in Leuna (Germany), effective from August 2020. Affected employees have been informed and other operations at the Leuna plant will not be impacted by the move. The difficult decision was reached as a result of global overcapacity for nylon films.
27 May 2020
Perstorp enters fertilizer market with chloride-free potassium product
Perstorp, a global leader in the specialty chemicals market, is entering the fertilizer market through the launch of Amicult™ K42. This chloride-free potassium source is shown to have a high solubility and absorption rate, without increasing salinity or clogging foliar and drip irrigation systems. Amicult K42 is now being launched in selected markets.
SONGWON Industrial Group (www.songwon.com) today released its audited financial results for the first quarter of 2020, ended March 31, 2020. After a challenging finish to 2019, SONGWON experienced a solid start to the new year with sound growth and increased revenue: In Q1/2020, the Group achieved consolidated sales of 210,543 Mil. KRW and reported a 27.4% increase in net profit (11,182 Mil. KRW) in the first quarter 2020 over Q1/2019. Compared to the first quarter of 2019, the gross profit margin in Q1/2020 decreased slightly from 20.9% to 19.7%. However, both the EBITDA and EBIT margins increased respectively in the first quarter to 12.8% and to 8.8%. 
The demand for antibacterial cleaning supplies continues to climb in response to the COVID-19 pandemic, and healthcare institutions are looking for effective alternatives to traditional solutions. To fill this need, Contec, Inc., the industry leader in critical cleaning products and cleanroom supplies, is scaling up production of its Sporicidin® brand disinfectant, most often used for mold and water damage remediation, and turned to diversified global manufacturer and materials science expert Milliken & Company to help produce mass quantities.
SANITIZED AG announces that it has entered into an agreement with Consolidated Pathways Inc. Midland, Michigan USA to globally promote the Sanitized® odor-management, hygiene function and material protection technologies to brands and retailers. Consolidated Pathways will also support the advancement of the trusted Sanitized® Quality Seal and related branding concepts. The longtime co-operation between SANITIZED AG and ARCHROMA remains unchanged and is supported by the activities of Consolidated Pathways.
Ascend Performance Materials, the world’s largest fully integrated producer of polyamide 66 resins, announced today an agreement with thermoplastics distributor Resinex for the distribution of its Vydyne® PA66 resins. Ascend’s resins are used in the production of thousands of applications in the automotive, electrical and electronics, and consumer and industrial industries.