This morning, Air Products publicised its agreement to acquire DuPont’s stake in DuPont Air Products NanoMaterials LLC JV.
Air Products has entered into a definitive agreement to acquire all of DuPont’s interest in DuPont Air Products NanoMaterials LLC (DA NanoMaterials). DA NanoMaterials constitutes a 50:50 joint venture that serves the global semiconductor and wafer polishing industries.
This acquisition provides additional scale and synergies to our differentiated materials business with Electronics.
Wayne Mitchell, Vice President and General Manager of Electronics for Air Products
Terms of the agreement have not been disclosed but Wayne Mitchell Vice President and General Manager of Electronics for Air Products revealed, “We are pleased to complete the conversion of DA NanoMaterials, and to continue to build on our electronics materials portfolio.”
He continued, “This acquisition provides additional scale and synergies to our differentiated materials business with Electronics.”
DA NanoMaterials manufactures chemical mechanical planarisation (CMP) slurries for the semiconductor and wafer polishing industries. Headquartered in Tempe, Arizona, with regional headquarters in Hsinchu County, Taiwan, the company operates applications and formulation laboratories in Tempe and Taiwan. DA NanoMaterials has established a portfolio of colloidal silica-based products for copper CMP, tungsten CMP and wafer polishing applications.
Afrox, a subsidiary of The Linde Group has recorded an 11% increase in annual revenue for the period ended 31st December 2011. Revenue also exceeded the R5bn mark.
Foster Wheeler AG, the Swiss global engineering, construction contractor and power equipment supplier has revealed a decline in quarterly fiscal results for 2011 - attributed in part to lower EBITDA.
Over the last month, Messer GmbH has put three new air separation plants into operation. Located in the western Chinese province of Sichuan, the investment totals approximately €80m.
Kunshan Yongxin Glassware, a heat resistant glass manufacturer for home appliances, will be the latest recipient of Air Product’s oxyfuel technology.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.