Press release chemicals gaints joining forces to become stronger
In the past 2 years, more and more enterprises conducted integration by acquisition to gain advanced technology support, enhance enterprises’ competiveness to capture more market share in the highly competitive chemical industry. Meanwhile, the broad global market invited the acquisition by servering local customers better. In the end of 2010 and the beginning of 2011, world’s 3 chemical gaints joined forces by acquistion.
Published on: Mar 4, 2016
Transcripts - Press release chemicals gaints joining forces to become stronger
CCM Data & Primary IntelligenceChemicals Gaints Joining Forces to Become Stronger CCM International Limited(2011-3-11) In the past 2 years, more and more enterprises conducted integration by acquisition to gainadvanced technology support, enhance enterprises’ competiveness to capture more market share inthe highly competitive chemical industry. Meanwhile, the broad global market invited the acquisition byservering local customers better. In the end of 2010 and the beginning of 2011, world’s 3 chemicalgaints joined forces by acquistion.1. LANXESS and Royal DSMLANXESS is a leading specialty chemicals company with sales of EUR 5.06 billion in 2009 andcurrently around 14,500 employees in 23 countries. The company is represented at 42 production sitesworldwide. On14 Dec 2010, LANXESS announced that it has reached an agreement regarding the saleof the remaining part of DSM Elastomers with Royal DSM, the global Life Sciences and MaterialsSciences company.2. BASF and CognisOn December 10, 2010 BASF successfully completed its acquisition of Cognis Holding GmbH fromCognis Holding Luxembourg S.à r.l. controlled by Permira Funds, GS Capital Partners and SV LifeSciences yesterday.By combining their product ranges, technical skills and market expertise, BASFand Cognis are now even better placed to help their customers meet the latest consumer needs. 3. Royal DSM and ICDRoyal DSM, the global Life Sciences and Materials Sciences company announced on 17 Feb 2011 thatit has signed an agreement to acquire the majority shareholding in Shandong ICD High PerformanceFibre Co Ltd. (“ICD”), based in Shandong province, China. The acquisition of the majority share in ICDwill bring complementary manufacturing and technology assets to DSM in addition to strengthening thecompany’s presence in this key market.For DSM, the acquisition of a majority share in ICD represents a key milestone in the globaldevelopment of its high performance materials business, DSM Dyneema.The result of a survey carried out by the renowned U.S. business magazine Fortune ( available onMarch 21, 2011) showed : BASF is the world’s most admired German company and also ranks as thetop company in the global chemical industry.It can be seen that it is a trend that taking expansion in high growth economies as one of the growthdrivers by merger and acquisition.The strategic step of acquisition can not only acheive sales growthbut also can make companies much more stronger. Website: http://www.cnchemicals.com Email: firstname.lastname@example.orgTel: +86-20-3761 6606 Fax: +86-20-3761 6968
CCM Data & Primary IntelligenceFor any further data or information please go to CCM’s website.About CCMCCM is dedicated to market research in China, Asia-Pacific Rim and global market. With a staff ofmore than 150 dedicated highly-educated professionals. CCM offers Market Data, Analysis,Reports, Newsletters, Buyer-Trader Information, Import/Export Analysis all through its newproprietary product ValoTracer.Please visit http://www.cnchemicals.com for more information or email@example.comCCM International, Ltd.Guangzhou CCM Information Science & Technology Co, Ltd.17th Floor, Huihua Commercial & Trade MansionNo, 80 Xianlie Zhong Road, Guangzhou510070, ChinaWebsite: http://www.cnchemicals.com Email: firstname.lastname@example.orgTel: +86-20-3761 6606 Fax: +86-20-3761 6968