Abstract
BUSINESS Business Roundup ShareShare onFacebookTwitterWechatLinked InRedditEmail C&EN, 2019, 97 (22), p 17June 3, 2019Cite this:C&EN 97, 22, 17AbstractDuPont will take noncash, pretax charges of up to $1.3 billion to reflect unfavorable conditions in its industrial biosciences business. Demand is slowing in the biomaterials segment, DuPont says, and the ethanol market, to which the business sells enzymes, is challenging. Eastman Chemical plans to increase capacity for natural and hydrocarbon resins in Middelburg, the Netherlands, and Jefferson, Pennsylvania, and for polyolefin polymers in Longview, Texas. The polyolefins and some of the hydrocarbon resins are sold to adhesive makers. Other hydrocarbon resins and the natural resins go to tire manufacturers. Toyobo is buying Teijin’s film operations in Japan and Indonesia for about $90 million. Teijin took over the operations, which have annual sales of about $260 million, from the DuPont Teijin Films joint venture in 2016. Indorama is in the process of buying the rest of DuPont Teijin Films. Sumitomo Chemical America has invested in a food and agriculture ventureView: PDF | Full Text HTML
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
