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Wacker starts ‘shaping the future’

As flagged up in its results presentation, Wacker Chemie has announced its initial plans for its ‘Shape the Future’ efficiency programme in anticipation of what CEO Rudolf Staudigl (above) called “a harsher competitive environment – both in our polysilicon business and at our chemical divisions”.

The company aims to achieve both major cost savings and to reposition itself. In all, the programme seeks to save €250 million/year by reducing material costs and in-house services, while also realigning its structure with customers’ needs.

MCG invests in SPHP

Japan’s Mitsubishi Gas Chemical (MCG) has revealed that it is building an industrial hydrogen peroxide at the site of its Taiwanese subsidiary. Due onstream in early 2020, this will have capacity of some 40,000 tonnes/year.

MCG further said that this is part of its plans to grow in with super-pure hydrogen peroxide (SPHP) for electronic applications. SPHP is widely used in as a cleaning, etching and abrading agent in semiconductor wafer and device.

DuPont board wields the knife

The DuPont board of directors has reappointed Edward Breen as CEO in addition to his role as executive chairman, following disappointing results in 2019. Breen (above) had been chairman and CEO from 2015 to the merger with Dow, was CEO of DowDuPont until their merger was completed and had taken a board role at Corteva, the split-out crop protection company, since 2019.

Givaudan completes Ungerer buy

Givaudan, the world’s largest flavours and fragrances (F&F) house, today completed the acquisition of Ungerer & Company, which was originally announced in November 2019. Terms were not disclosed, but Givaudan said that the newly acquired business would have represented about $250 million of incremental sales in 2019 on a pro forma basis.

Evonik closes PeroxyChem buy

Evonik has closed the $640 million acquisition of PeroxyChem from One Equity Partners, after a lawsuit to block it filed by the Federal Trade Commission in August 2019 was rejected.
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