ACR-News

 

Solvay's bid reflects buoyant market

SOLVAY's recent €6.6m bid for fellow refrigerant manufacturer Rhodia could be a precursor to further such deals this year, according to financial analysts, as the sector experiences increased profitability and continued consolidation.
The transaction, which is subject to regulatory approvals in the EU and the US, will create a group with annual sales of €12 billion.

The move comes as some of the leading refrigerant manufacturers report impressive first quarter results. DuPont's Performance Chemicals business, of which refrigerants is a part, experienced sales of $1.8bn ­up 27% on 2010, with 21% higher selling prices and 6% higher volume.

Meanwhile, sales at Honeywell's Speciality Materials division were up 19% compared with the first quarter of 2010.

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

Enter the Clivet Assen Superbikes Competition!

Win hotels, flights, and VIP Tickets for two to watch Mikey Hardie #93 up close and personal and have the VIP Experience at British Superbikes in Assen, Netherlands....

  22-Apr-2025

Sanhua’s REVOlution for supermarket refrigeration

SANHUA is proud to present its latest innovation in refrigeration technology – the REVO series of controllers. Designed to provide a wide range of applications, the REVO controllers offer high performance and efficiency, ensuring that your refrigerated cabinets maintain optimal conditions for fresh food preservation.
  02-Apr-2025
https://www.acr-news.com/solvays-bid-reflects-buoyant-market