Diversified Chemicals

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R&I affirms Nippon Kayaku Co Ltd's rating at "A" and announces stable outlook

Friday, 19 Dec 2014 01:00am EST

Nippon Kayaku Co Ltd:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A".Rating outlook stable.

BASF SE to sell shares in ELLBA Eastern to joint venture partner Shell

Wednesday, 17 Dec 2014 07:00pm EST

BASF SE:BASF and Shell have reached agreement for BASF to sell its share in 50-50 joint venture ELLBA Eastern, Jurong Island, Singapore to Shell.Joint venture, which is operated by Shell, produces styrene monomer and propylene oxide.Financial details of transaction were not disclosed.Closing is planned for Dec. 31.

BASF India Ltd proposes to transfer import and distribution business of Glasurit

Tuesday, 16 Dec 2014 09:07am EST

BASF India Ltd:Informs BSE that company on Dec. 16, signs a Memorandum of Understanding with Wurth India Private Limited (Wurth) to transfer its Import and distribution business of Glasurit, an automotive refinish paint brand in India, subject to receipt of requisite approvals as may be necessary.Company will sign a definitive agreement for transfer of this business on or before Jan. 31, 2015.Transfer of import and distribution business of Glasurit to Wurth is not considered material as compared to the turnover of company for financial year ended March 31, and hence there is no material impact on overall growth of company.

Johnson Matthey announces Disposal of Gold and Silver Refining business to Asahi Holdings

Monday, 15 Dec 2014 02:00am EST

Johnson Matthey PLC:Agrees to divest Gold and Silver Refining business to Asahi Holdings.Consideration of 118 mln pounds (US $186 mln).Transaction is expected to be completed by the end of March 2015.

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