Dow continues to hold the No. 1 slot in the U.S. for chemical companies

by Jessica Jackson on Sep 8, 2020 Business 19 Views

If Dow jones and DuPont complete their planned acquisition through the finish of the year, the recently merged company will sit towards the top of their list in 2018. But because it stands, Dow jones is constantly on the contain the No. 1 slot within the U.S. for chemical companies.

LyondellBasell Industries, rated No. 2 here with no. 8 worldwide, has typically been known among the more financially conservative mega-companies out there. But it's presently investing in many expansion projects across the Gulf Coast worth billions. Among the projects is really a polyethylene plant in La Porte that'll be the very first commercial facility to make use of LyondellBasell's Hyperzone technology.

PPG Industries, meanwhile, has lately been making plans to grow its foothold within the chemicals industry. Lately, the organization announced that it's selling from the last areas of its glass business - so it had held in excess of a century - to concentrate more about paints, coatings and niche materials. PPG also posted several takeover tries to AkzoNobel captured. All the offers were firmly rejected and PPG has backed off - for now at least.

Ecolab has stored a reasonably low profile but is constantly on the maintain its place like a top chemical company thanks mostly to the sales through Nalco Chemical, so it acquired this year.

Eastman Chemical lately announced that it's planning the biggest growth of its films operations up to now and can invest $11.seven million inside a Martinsville, Veterans administration. facility.

Like every other chemical companies, Praxair is in the middle of a significant merger having a rival industrial gas company: Linde. If approved by antitrust regulators, the $35 billion deal can create the world's largest supplier of gases to factories and hospitals.

Article source: https://article-realm.com/article/Business/7474-Dow-continues-to-hold-the-No-1-slot-in-the-U-S-for-chemical-companies.html

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