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Monday, December 25, 2017VOLUME 13 ISSUE 52
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Würth Group Acquires Liqui Moly

Künzelsau, Germany-based Würth Group is acquiring Ulm, Germany-based Liqui Moly GmbH, purchasing all shares from the managing partner, Ernst Prost, effective as of January 1, 2018. The Würth Group will continue operating Liqui Moly as an autonomous company with an independent brand within the Würth Group.


Brenntag to Acquire Majority of Raj Petro Specialities

Brenntag has signed an agreement to enter into a 65/35 joint venture with Raj Petro Specialities Pvt Ltd, India. Headquartered in Mumbai and Chennai, Raj’s portfolio contains own-blended petroleum-related products, namely industrial and automotive lubes, transformer oils, white oils and paraffins, petroleum jelly, process oils, waxes and solvents.


Caterpillar Unit Agrees to Pay Fine for Cheating Customers

Caterpillar’s United Industries LLC, a wholly owned subsidiary and part of Cat’s Progress Rail Services group, agreed to plead guilty and will pay $25 million for intentionally cheating its customers with unnecessary repairs, and then throwing rail car parts into the ocean to cover up its actions.


BASF and SINOPEC to Double Capacity of Neopentylglycol in Nanjing, China.

BASF SE and SINOPEC announced last week they will expand the production capacity of Neopentylglycol (NPG) at the BASF-YPC Co., Ltd., JV in Nanjing, China. Following the expansion, the capacity will be doubled to 80,000 mt/year.


Scania Appeals Emissions Price Fixing Fine 

Swedish truckmaker Scania said it had filed an appeal against a decision by the European Commission, the EU's antitrust regulator, to fine it 880 million euros (US$1 billion) for taking part in a price fixing cartel to enable them to pass the costs of required environmental improvements on to customers.


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