ACR-News
Know what you want? Try our 'Supplier Directory' 

Ineos Fluor to be bought by Mexichem Fluor S.A.

THE Ineos group is to sell its fluorochemicals business to Mexichem Fluor SA.
The agreement will bring together the world's largest fluorspar supplier and HF producer with a worldwide fluorochemicals company. Mexichem is a Latin American producer of PVC pipes and resin, chloralkali, hydrofluoric acid and fluorspar.

The deal comprises the international business and assets related to Ineos' fluorochemical operations located in North America, Europe, and Asia. Ineos Fluor supplies fluorine-based products and services for the refrigeration and air-conditioning sector and employs 350 people in Europe, North America and Asia.

David Price, CEO Ineos Fluor said: 'Whilst performing well, the fluorochemicals business no longer fits within the Ineos group portfolio as it focuses its attention on its large-scale petrochemicals businesses.'

He added: 'The agreement presents a unique opportunity to bring together the world's largest supplier of fluorspar, with our own world leading fluorochemical production assets, customer base and research capabilities.'

The sale is expected to be completed at the end of March, subject to necessary regulatory filings and approvals, including bank consent and approvals under applicable antitrust laws and regulations.

On completion of the transaction, the business will become a global producer of speciality fluorochemicals with annual sales revenue of over US $500 million.

Ricardo Gutiérrez Muñoz, CEO, Mexichem said, “Acquiring Ineos’ Fluorochemicals business reflects our ongoing strategy to add value to our main raw materials through vertical integration in more added value products, expanding our product range and extending the global reach of our fluorine products business.”

World Refrigeration Day

Industry has embraced the inaugural World Refrigeration Day (WRD) with events happening all over the world....

  25-Jun-2019
ACR News

Keeping the costs down in small businesses

Running a small business can be extremely difficult, the demands and pressures are so different compared to running a business of a larger size. One of the most important aspects of keeping this sort of business afloat is to try to keep costs down ...

  16-Jan-2020

New Zanotti GM Wall Mounted Monoblock

AFR Refrigeration Ltd introduces the new GM range of through wall mounted monoblocks with refreshed modern appearance and upgraded touch style control panel keypad.
  17-Jan-2020
ACR News is the number one magazine in the air conditioning and refrigeration industry. Don’t miss out, subscribe today!
Subcribe to ACR News

Jobs

FULL TIME HVAC SENIOR SERVICE TECHNICIAN IN BERMUDA’

Air Pro Ltd., an Authorized Dealer of Toshiba Air Conditioning, is a progressive HVAC, Sheet Metal and Refrigeration Company that is seeking an ambitious, hardworking and innovative HVAC SENIOR SERVICE TECHNICIAN to join the team in BERMUDA....

Diary

Asercom annual general assembly
ASHRAE Winter Conference
Endo Enterprises "Reduce Heating Bills by up to 15%" Ben Salon
Euroshop
Institute of Refrigeration Annual Dinner