IMCD South Africa has agreed to buy CPS Chemical Oil-Tech, a Durban-based distributor that mostly serves the lubricants and fuel markets. The transaction is expected to close in the second quarter of 2023.
To support the transition to electric vehicles, US-based Cabot Corporation plans to add capacity for conductive carbon additives (CCA) at its plant in Pampa, Texas. The company said the $75-90 million investment, which will add 15,000 t/y, is part of a five-year $200 million drive to expand its domestic output of the lithium-ion battery components.
