Air Liquide forms helium-refrigeration JV in China
By Mary Page Bailey |
January 11, 2021
Air Liquide (Paris) and Hefei Institutes of Physical Science of the Chinese Academy of Science (HFIPS) signed an agreement in Hefei to establish a joint venture (JV). This aims to boost the development and manufacturing of helium refrigeration systems, supporting the evolution of large scientific research experiments (Big Science) in China.
Helium refrigerators are key high-tech equipment, based on the expertise in extreme cryogenics, necessary in many scientific instruments such as superconducting power equipment, superconducting accelerators, superconducting magnets, fusion devices or other scientific laboratories. Helium refrigerators produce the very low temperatures needed to provide the superconducting conditions to allow these instruments to operate.
Momentive acquires silicones business from KCC
By Mary Page Bailey |
January 6, 2021
Momentive Performance Materials Inc. (Waterford, N.Y.) has reached a definitive agreement to acquire KCC Corp.’s Silicones business in Korea and the U.K., as well as its sales operations in China, further enhancing Momentive’s global capabilities in advanced silicones and specialized applications.
The acquisition will move the capabilities of KCC’s Silicones business from KCC Corporation, Momentive’s majority shareholder, to Momentive, consolidating the companies’ combined capabilities and expertise in advanced silicones. Momentive develops advanced silicone and specialty products for customized applications in healthcare, telecommunications, electronics, personal care, construction, transportation, agriculture, energy, and many other industries.