BASF plans Engelhard integration
BASF Corp. said it will fully integrate Engelhard Corp., which it acquired June 6, into its global operations.
According to BASF, the integration is expected to produce annual savings of $200 million per year by 2010 and the elimination of about 800 jobs, mostly in the U.S. The merger will give it a broader global reach, stronger business presence in certain regions and extensions into key markets, according to the firm.
The one-time cost of the merge is estimated to be about $120 million, the firm said. Under the plan, BASF's North American headquarters will remain in Florham Park; the Catalysts division and related research activities will be located in Iselin, N.J.; and the Appearance & Performance Technologies and Ventures business will be integrated into existing BASF operating divisions.
Appli-tec finds new home
Appli-tec Inc. is relocating to a new manufacturing plant in Salem, N.H., from its facility in Haverhill, Mass. Appli-tec is a provider of adhesives, sealants and encapsulants to the computer, medical, military, electronics, aerospace and microelectronics industries.
The new 20,000 sq.-ft. facility increases the company's production areas by 50 percent, according to President Timothy Walsh.
Appli-tec also said it has increased the size of its manufacturing work force by 20 percent in the past six months, although it didn't give exact employment totals.
GreenMan gets Iowa cleanup pact
GreenMan Technologies Inc. has been awarded a contract from the Iowa Department of Natural Resources to clean up scrap tires at sites in the state over the next five months.
GreenMan expects to begin work this month on a limited basis, with most of the work being completed from December through March. The company expects the project to generate about $400,000 of new accretive revenue. The tires will be recycled into alternative fuel and other value-added material for Iowa industries.
Indian unit joins IRSG panel
The Automotive Tyre Manufacturers' Association has joined the International Rubber Study Group's Panel of Associates.
Established in 1975, the ATMA membership includes seven tire companies in India that account for 85 percent of that nation's tire production. The primary function of the association is to act as a conduit between departments of the government and tire companies in developing two-way communication.
The Rubber Manufacturers Association has quit producing a printed newsletter for its members, in favor of an electronic version. The ``InfoRMAtion'' newsletter will now be e-mailed to members, the group said its last printed edition, for October. The electronic version is more cost-effective, the RMA said...Michelin's second New York City hotel and restaurant guide hit stores Oct. 25. ``Michelin Guide New York City 2007'' includes listings and ratings for 526 restaurants and 50 hotels....Songwon Industrial Co. Ltd. and Clariant International Ltd. agreed to end their cooperation in antioxidants as of Jan. 31, 2008.