http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.90Change: -0.17
R/$ = 13.26Change: -0.12
Au 1137.31 $/ozChange: 13.24
Pt 1022.00 $/ozChange: 13.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 26, 2008

Sasol Wax to expand North American operations with Luxco acquisition

Back
Construction|Africa|Bitumen|Packaging|Petrochemicals|Shell|Africa|Energy|Packaging|Petrochemicals|Operations
Construction|Africa|Bitumen|Packaging|Petrochemicals|Shell|Africa|Energy|Packaging|Petrochemicals|Operations
construction|africa-company|bitumen|packaging-company|petrochemicals-company|shell|africa|energy|packaging|petrochemicals|operations
© Reuse this

South African petrochemicals firm Sasol announced on Wednesday that its subsidiary, Sasol Wax, had acquired the remaining 50% share of its North American joint venture (JV) Luxco Wax, turning it into a wholly owned Sasol Wax operation.

Luxco Wax, which operates a plant in Richmond, California, is a supplier of wax specialities to a diverse group of industries, with particular strengths west of the Rocky Mountains.

Sasol said that this acquisition was a key part of a process to consolidate and focus Sasol Wax’s holdings and position in the global market place. Sasol Wax sold its shares in two JVs in mid-2007 and earlier this year acquired the outstanding 50% share in Merkur, a former JB with Shell, in Germany.

“In line with Sasol’s strategy to grow its energy as well as its chemical businesses, these divestments and acquisitions have enabled Sasol Wax to introduce its proprietary knowledge and technology into its new subsidiaries and to grow its market share,” said Reiner Groh, group GM for Sasol Chemical Business Cluster.

Sasol Wax last year benefited from a strong demand for specialities made of hard waxes manufactured at Sasolburg and its facilities in Germany and elsewhere. In line with projected growth in key markets the company plans to double the production capacity of synthetic wax at its Sasolburg plant in South Africa by 2013. 

Speciality waxes are used amongst others, in emulsions, coatings, hot melt adhesives, inks and bitumen, in industries ranging from paper and packaging to construction, personal care, printing and tyre production.

Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Chemicals News
UNIQUE APPLICATION Verni installs its Supaflor PU HD 9mm polyurethane screed in industrial freezers because it can withstand extreme temperatures
Hygienic flooring is important in the food and beverage sector because it prevents the growth of bacteria in food-processing plants, says speciality construction products manufacturer Verni technical sales manager Peter Breiting. He notes that hygienic flooring is...
MAKING PAINT SAFE The quantities of lead used to manufacture some pigmented paints is insignificant
Local paints industry representative organisation the South African Paint Manufacturers Association (Sapma) will meet with the Department of Health (DoH) this month to propose that the South African paints industry is aligned with US and UK legislation regarding...
South African energy and chemicals group Sasol confirmed on Friday that its earnings for the financial year to June 30, 2015, would be down on the previous year, despite a strong operational performance – the weaker result was largely attributed to the sharp fall in...
Article contains comments
More
 
 
Latest News
Updated 30 minutes ago A preliminary investigation by the Railway Safety Regulator (RSR) into the derailment of a Shosholoza Meyl train in Kimberley earlier this month, found that Transnet Freight Rail (TFR) had failed to communicate with the Passenger Rail Agency of South Africa (PRASA)...
Updated 33 minutes ago Three of home improvement company Illiad’s major shareholders – Sanlam, Visio and Coronation, which held 69.25% – have agreed to vote in favour of a takeover by Steinhoff, with the company’s remaining shareholders to vote on the deal on September 29. Seventy-five per...
Updated 45 minutes ago Government should face the fact that South Africa’s full-blown jobs crisis is a matter of urgent public importance, the Democratic Alliance (DA) said on Friday. MP James Vos, the DA shadow minister of tourism, was responding to a letter by Baleka Mbete, the Speaker...
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Updated 7 hours ago Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96