Speciality chemicals company Perstorp has finalised the set up of the joint venture with Thailand-based chemical producer PTT Global Chemical for the manufacturing and sales of products for the PU industry. PTT Global Chemical holds 51% and Perstorp 49% of the new joint venture named Vencorex Holding.

The joint venture, dedicated to the manufacturing and sales of aromatic (TDI) and aliphatic (IPDI, HDI & derivates) isocyanates, includes the former Perstorp Business Group Coating Additives with its manufacturing sites at Pont-de-Claix in France and Freeport in the US.

At locations where Vencorex does not have its own sales staff, Perstorp’s existing sales organisation will continue to sell and market Vencorex products and solutions to its customers, through a joint decision.

Strengthening its presence in Asia, Rosti has established a subsidiary, Rosti Integrated Manufacturing Solutions (IMS), located in Senai in southern Malaysia.

Indian firm Jain Irrigation Systems will invest US$375 million over the next few years to build sustainable agriculture that will improve income of small farmers in sub-Saharan Africa.

BOPP producer Taghleef Industries has acquired Applied Extrusion Technologies (AET), a US-based manufacturer of specialised BOPP films.

Sabic has shipped its first consignment of ethanolamines and ethoxylates from its manufacturing plant in Jubail, Saudi Kayan, making Saudi Arabia

Rome-based Assobioplastiche and Bangkok-based Thai Bioplastics Industry Association have formed a five-year agreement to carry out R&D of bioplastics.

US-based specialised polymer materials provider PolyOne announced the opening of its innovation centre in Shanghai, China.