matthee
11-23-2013, 12:45 AM
Before the global economic recession in 2008, most of the chemical company through to expand existing business to emerging regions to realize the business growth, but the current most emerging markets have already lost double-digit growth momentum, face more complex economic environment at present, chemical giant growth way is shifting.Recently for a period of time, large chemical companies, including dupont, dow chemical, FMC and Eastman chemical are opt out of the existing mature production line, some investment growth than the overall growth of emerging business, seeking those that can at the same time through research and development in a competitive advantage position in the field.
Dupont is shedding's performance chemicals business.Dow chemical company signed an agreement to the company to sell its polypropylene catalyst, grace and expressed the hope that spin off as much as $4 billion worth of bulk chemicals business.Clariant company completed to SK capital partners, sold $550 million worth of textile chemicals business deal, at the same time to the international investment group (ICIG) chemicals sell its cleaners and intermediate business, to the Netherlands steyr company selling leather services business.In fact, the three companies before a business stripping, both in the field of its think more promising more profitable for the large-scale business mergers and acquisitions.
Dupont in 2011 paid $6.3 billion for Dennis, consolidate its position in the field of industrial biotechnology.Dow chemical in 2009 paid $19 billion for rohm and haas company, thus make it from bulk chemicals into production field of specialty chemicals (http://www.chemkind.com).Clariant corporation in 2011 $2.6 billion acquisition of southern Germany chemical company, to consolidate its in the fast-growing field of specialty chemicals production status.
These strategic sales and acquisitions shows chemical industry is experiencing great changes.Accenture, head of north American chemical strategy athey horne said that for most of the chemical enterprise, is the focus of the current business strategy choice.Chemical companies are constantly analyzes its business, and exit some not meet business profitability and growth targets.For this reason, he predicts that in 2013 and 2014, the global chemical industry mergers and acquisitions activity is expected to regain their upward trend.
But chemical enterprises through business mergers and acquisitions to achieve higher profits is not a panacea.Clariant corporation 2000, for example $1.8 billion acquisition of the fine chemicals producer BTP trading has proved a failure.Clariant company has shut down some of the assets of the BTP, and sell the remaining assets in 2007.
Dupont's latest move reflects a kind of active portfolio management.The company's chief executive, kullman said: "we at least a year to a business portfolio analysis. We actively manage portfolio, the emphasis is on high growth businesses. For those who are no longer suitable for the business, we do not hesitate to opt out."Kullman pointed out: "the company is currently in biotech, chemical engineering and materials in the field of research, we are based on the analysis of what kind of portfolio, notice is the use of research and development capabilities to achieve product differentiation. For performance chemicals, the answer is no, so we decided to spin off its performance chemicals business."
In the chemical industry advocates active portfolio management executives, with kullman par and Andrew liveris, chief executive of dow.In the past few years, dow chemical sold $8 billion worth of business, including its 2010 styrene type of business to private equity firm bain capital, 2011 will be owned by a company sold to Brazil blasco polypropylene.Dow chemical in 2012 acquired the light emitting diode (LED) phosphors producers Lightscape materials company.Mr Liveris says, considering the reality of global economic growth is slow, the company will continue to exit some of strategic commodities, and applied to some promising future terminal market.Dow chemical is the core of advanced materials for future business growth business, including coating, building solutions and electronics and functional materials, the business will be included in its 2009 takeover of rohm and haas business portfolio.
Dupont is shedding's performance chemicals business.Dow chemical company signed an agreement to the company to sell its polypropylene catalyst, grace and expressed the hope that spin off as much as $4 billion worth of bulk chemicals business.Clariant company completed to SK capital partners, sold $550 million worth of textile chemicals business deal, at the same time to the international investment group (ICIG) chemicals sell its cleaners and intermediate business, to the Netherlands steyr company selling leather services business.In fact, the three companies before a business stripping, both in the field of its think more promising more profitable for the large-scale business mergers and acquisitions.
Dupont in 2011 paid $6.3 billion for Dennis, consolidate its position in the field of industrial biotechnology.Dow chemical in 2009 paid $19 billion for rohm and haas company, thus make it from bulk chemicals into production field of specialty chemicals (http://www.chemkind.com).Clariant corporation in 2011 $2.6 billion acquisition of southern Germany chemical company, to consolidate its in the fast-growing field of specialty chemicals production status.
These strategic sales and acquisitions shows chemical industry is experiencing great changes.Accenture, head of north American chemical strategy athey horne said that for most of the chemical enterprise, is the focus of the current business strategy choice.Chemical companies are constantly analyzes its business, and exit some not meet business profitability and growth targets.For this reason, he predicts that in 2013 and 2014, the global chemical industry mergers and acquisitions activity is expected to regain their upward trend.
But chemical enterprises through business mergers and acquisitions to achieve higher profits is not a panacea.Clariant corporation 2000, for example $1.8 billion acquisition of the fine chemicals producer BTP trading has proved a failure.Clariant company has shut down some of the assets of the BTP, and sell the remaining assets in 2007.
Dupont's latest move reflects a kind of active portfolio management.The company's chief executive, kullman said: "we at least a year to a business portfolio analysis. We actively manage portfolio, the emphasis is on high growth businesses. For those who are no longer suitable for the business, we do not hesitate to opt out."Kullman pointed out: "the company is currently in biotech, chemical engineering and materials in the field of research, we are based on the analysis of what kind of portfolio, notice is the use of research and development capabilities to achieve product differentiation. For performance chemicals, the answer is no, so we decided to spin off its performance chemicals business."
In the chemical industry advocates active portfolio management executives, with kullman par and Andrew liveris, chief executive of dow.In the past few years, dow chemical sold $8 billion worth of business, including its 2010 styrene type of business to private equity firm bain capital, 2011 will be owned by a company sold to Brazil blasco polypropylene.Dow chemical in 2012 acquired the light emitting diode (LED) phosphors producers Lightscape materials company.Mr Liveris says, considering the reality of global economic growth is slow, the company will continue to exit some of strategic commodities, and applied to some promising future terminal market.Dow chemical is the core of advanced materials for future business growth business, including coating, building solutions and electronics and functional materials, the business will be included in its 2009 takeover of rohm and haas business portfolio.