Univar Inc., a leading global chemical distributor, and Arinos Quimica Ltda. (Arinos), a leading distributor of specialty and commodity chemicals in Brazil, announced Friday that Univar has acquired Arinos. Terms of the acquisition were not disclosed.
John Zillmer, President and CEO of Univar, said Arinos has highly complementary business model to Univar, and provides a strong [...]

United Phosphorus Limited (UPL) has picked up a 50 per cent stake in Sipcam Isagro Brazil (SIB) from Isagro. Sipcam Isagro Brazil is a 50/50 Joint venture between Sipcam-Oxon group (Sipcam) and Isagro. The investment will see Isagro exiting the Joint Venture while Sipcam will continue holding 50 per cent, along with UPL’s 50 per [...]

Petrobras and its partners are to invest $3 billion in the construction of three pipelines for the transport of Ethanol from Brazilian sugarcane growing areas to local markets, as well as for export. Paulo Roberto Costa, Petrobras director for supplies told reporters in Sao Paolo the state owned oil giant is mulling the investment plans, [...]

A US based manufacturer and supplier of plastic resins and compounds is to buy Brazilian producer of resin-based concentrates and color compounds, Mash Compostos Plasticos for an undisclosed amount. Mash Compostos Plasticos is a Brazil-based masterbatch additive producer and engineered plastics compounder. The move is aimed at enabling the US firm gain considerably from the [...]

A South African based industrial explosives and chemicals manufacturer is on the lookout for Brazilian acquisitions. AECI, the South African company, is currently on an expansion quest in South East Asia as its business faces an uncertain market situation in South Africa. The South African chemicals and industrial explosives market is currently suffering from a [...]

Petrobas, Brazil’s state-run oil giant, announced Monday, its readiness for a planned share sale to raise a capital of $25 billion to be used in the funding of development of Brazil’s numerous subsalt oil reserves. However, the details of the rights issue are yet to be disclosed but a share placing is expected early and [...]

Rhodia, a French chemical group, plans to turn its division in Brazil to an export base. However, according to the company’s CEO, Marcos De Marchi, logistics and infrastructure challenges are hampering the company’s foreign sales. The Brazilian division, Rhonda Brasil, earns about US$300 million per annum in exports, representing 30% of the division’s revenue generation.
With [...]