IHS Chemical Week

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October 20, 2014
Celanese (Dallas, TX) reports third-quarter income of $252 million, up 47% year over year (YOY) from $172 million. Net sales totaled $1.77 billion, unchanged YOY. Earnings per share (EPS) were $1.61 were up 10% YOY from $1.47....
http://www.chemweek.com/regions/north_america/Celanese-net-income-rises-47-percent_64625.html
October 20, 2014

BASF Total Petrochemical’s metathesis-based propylene unit in Port Arthur, TX, has restarted after a catalyst change, according to market sources. LyondellBasell’s two metathesis units at Channelview, TX, are also likely to have restarted, given lower ethylene prices, says IHS Chemical.

...

http://www.chemweek.com/regions/north_america/BASF-Totals-propylene-unit-back-online-after-catalyst-change_64622.html
October 20, 2014
Celanese has acquired Cool Polymers (North Kingstown, RI), a compounder of conductive polymers. Celanese says the acquisition will expand its position in light-emitting diodes (LEDs), thermal management and electrical conductivity. Terms of the deal were not disclosed....
http://www.chemweek.com/regions/north_america/Celanese-acquires-Cool-Polymers_64621.html
October 20, 2014
PPG says it has agreed to acquire Westmoreland Supply (Greensburg, PA), an owner of 12 paint stores in western Pennsylvania and West Virginia, for an undisclosed sum...
http://www.chemweek.com/regions/north_america/PPG-to-acquire-paint-distributor-Westmoreland-Supply_64611.html
October 20, 2014
The US Department of Commerce on 15 October released its proposed final resolution regarding antidumping duties and countervailing duties on Chinese refrigerant gases imported into the...
http://www.chemweek.com/regions/north_america/Commerce-Department-proposes-final-antidumping-duties-on-Chinese-refrigerant-gases_64608.html
October 20, 2014
Abengoa Bioenergy, an Abengoa (Madrid) subsidiary, has inaugurated a second-generation cellulosic ethanol plant at Hugoton, KS, about 90 miles southwest of Dodge City. Abengoa finished...
http://www.chemweek.com/regions/north_america/Abengoa-inaugurates-cellulosic-ethanol-plant-in-the-US_64607.html
October 20, 2014
Platform Specialty Products today reported preliminary third-quarter net income of about $11.4 million, down 21.4% year-on-year (YOY), on sales up about 4%, to about $196 million...
http://www.chemweek.com/regions/north_america/Platform-Specialty-Products-reports-fall-in-net-income_64609.html
October 20, 2014
Platform Specialty Products has agreed to acquire Arysta LifeScience, a maker of agrochemical and biological products, from private equity firm Permira for approximately $3.51 billion...
http://www.chemweek.com/regions/north_america/Platform-to-acquire-Arysta-for-$3-5-billion_64606.html
October 17, 2014
Nova Chemicals said today that it intends to sell $500 million of senior notes due 2025 in a private offering....
http://www.chemweek.com/regions/north_america/us/Nova-plans-$500-million-bond-offering_64594.html
October 17, 2014
Honeywell says that third-quarter performance materials and technologies segment profit was $444 million, up 8% year-on-year....
http://www.chemweek.com/regions/north_america/us/Honeywell-performance-materials-profit-up-8-percent_64579.html
October 17, 2014
Chemtura will increase capacity for its Naugalube alkylated diphenyl amine (ADPA) liquid antioxidants at three sites “to prevent predicted future shortages of antioxidants in the...
http://www.chemweek.com/regions/north_america/Chemtura-to-expand-ADPA-antioxidant-capacity-at-three-sites_64580.html
October 17, 2014
Chesapeake Energy (Oklahoma City) says it has agreed to sell assets in the southern Marcellus Shale and a portion of the eastern Utica Shale to Southwestern Energy (Houston) for...
http://www.chemweek.com/regions/north_america/Southwestern-Energy-to-buy-Marcellus-Utica-Shale-assets-from-Chesapeake-for-$5-4-billion_64576.html
October 17, 2014
The recently constructed Vantage pipeline will support overall hydrocarbon recovery at the Bakken Shale in North Dakota by decreasing flaring, IHS Energy says. Total wet gas production...
http://www.chemweek.com/regions/north_america/IHS-Energy-Vantage-pipeline-to-support-hydrocarbon-recovery-at-Bakken-Shale_64572.html
October 16, 2014
“Although we identified very significant operational and structural synergies, we were ultimately unable to agree on terms of a transaction that met the requirements of all our respective shareholders,” says Tony Will, CF president and CEO....
http://www.chemweek.com/regions/north_america/us/CF-and-Yara-end-merger-talks_64570.html
October 16, 2014
The company cut full-year guidance, citing weakness in aerospace and additives....
http://www.chemweek.com/regions/north_america/us/Cytec-net-income-jumps-22-percent_64568.html
October 16, 2014
AbbVie (Chicago) says that its board of directors withdraws its recommendation regarding the proposed acquisition of Shire (Dublin) and instead recommends that stockholders vote...
http://www.chemweek.com/regions/north_america/us/AbbVie-decides-against-Shire-acquisition_64559.html
October 16, 2014
FMC has named K. Kyle Matthews v.p./human resources (HR) and a member of the company's executive committee, effective 27 October. Matthews recently served as senior v.p./HR for...
http://www.chemweek.com/regions/north_america/FMC-names-human-resources-head_64558.html
October 16, 2014
PPG Industries today reported stronger third-quarter net income, with growth across most business segments and regions. Net income of $377 million grew 84% year-on-year (YOY) on sales up 4% YOY, to $3.9 billion. Adjusted earnings per share of $2.82/share were above analyst estimates of $2.75/share, as reported by Thomson Reuters (New York). Adjusted net income, excluding nonrecurring items, was $394 million, up 17% YOY....
http://www.chemweek.com/regions/north_america/PPG-reports-adjusted-earnings-up-17-percent_64557.html
October 16, 2014
BASF has appointed Gerry Podesta as the senior v.p./dispersions and pigments, North America effective 1 November. Podesta succeeds Derek Fairclough, who will lead BASF’s...
http://www.chemweek.com/regions/north_america/BASF-appoints-senior-v-p-leads-in-North-America_64554.html
October 16, 2014
Alpek (Monterrey, Mexico) posted a 17% decline in consolidated Ebitda for the third quarter of 2014 compared with the corresponding period of last year, to $131 million, on sales down...
http://www.chemweek.com/regions/north_america/PTA-PET-producer-Alpek-posts-lower-results-on-weaker-volume-prices_64547.html
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