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April 17, 2014

Five members of the Silicones Environmental, Health, and Safety Center (SEHSC) of the American Chemistry Council (ACC) and the US EPA have agreed on the environmental monitoring of the siloxane D4, an intermediate in the production of silicone polymers, says ACC. The program will support EPA’s assessment of the environmental risk associated with D4, also known as octamethylcyclotetrasiloxane.

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http://www.chemweek.com/regions/north_america/Producers-EPA-agree-on-environmental-monitoring-for-siloxane-D4_60390.html
April 17, 2014
DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY), as weaker agriculture results offset gains in other segments. Operated earnings of $1.58/share, were up 1% from the year-ago quarter. Reported results were in line with analyst estimates as reported by Thomson Reuters (New York), which had been lowered in recent weeks after DuPont said first-quarter results would be hurt due to winter storms in North America and business disruptions in Ukraine....
http://www.chemweek.com/regions/north_america/us/DuPont-earnings-up-1-percent-despite-revenue-slip-on-weak-ag-results_60359.html
April 17, 2014
Sherwin-Williams (SW) has reported first-quarter net income down 0.6% year-on-year (YOY), to $115.5 million, on sales up 9.2%, to $2.37 billion. Earnings totaled $1.14/share, including...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-beats-estimates-on-sales-increase_60367.html
April 17, 2014
Platform Specialty Products (PSP; Waterbury, CT), has entered into a definitive agreement to acquire Chemtura's agrochemicals business for $1 billion. The price consists of...
http://www.chemweek.com/regions/north_america/Platform-acquires-Chemturas-agrochemicals-business-for-$1-billion_60358.html
April 17, 2014
Honeywell today reported a fall in profit in its performance materials segment. Profit was down 3% year-over-year (YOY), to $374 million, driven by unfavorable petrochemical catalyst...
http://www.chemweek.com/regions/north_america/Honeywell-performance-material-unit-posts-lower-earnings_60365.html
April 17, 2014
PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings...
http://www.chemweek.com/regions/north_america/PPG-earnings-beat-estimates-on-higher-volumes_60366.html
April 17, 2014
Alpek (San Pedro Garza García, Mexico) reported $24 million in net income during the first quarter, 61% down year-on-year (YOY) but a significant improvement from the $9-million...
http://www.chemweek.com/regions/north_america/Alpek-reports-61-percent-drop-in-first-quarter-net-income_60355.html
April 17, 2014
Albany Molecular Research Inc. (AMRI; Albany, NY) says that it will be transitioning discovery and development services (DDS) activities at its Syracuse, NY site to other sites within...
http://www.chemweek.com/regions/north_america/us/AMRI-to-shut-Syracuse-site_60351.html
April 16, 2014
SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing...
http://www.chemweek.com/regions/north_america/SI-Group-to-acquire-Albemarles-antioxidants-and-ibuprofen-business_60349.html
April 16, 2014
Albemarle today reported net income down 32.6% year-on-year (YOY), to $56.6 million, or 71 cts/share, on net sales up 2.3%, to $656.7 million. Net income fell primarily due to charges...
http://www.chemweek.com/regions/north_america/Albemarle-earnings-fall-but-beat-estimates_60350.html
April 16, 2014
Lubrizol says it has formed an energy and water business unit to focus on its offerings oilfield, refinery process and industrial water treatment chemicals. The unit is a part of the...
http://www.chemweek.com/regions/north_america/Lubrizol-forms-energy-and-water-unit_60347.html
April 16, 2014
A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of...
http://www.chemweek.com/regions/north_america/Schulman-sets-double-digit-sales-and-earnings-growth-targets_60348.html
April 16, 2014
Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose...
http://www.chemweek.com/regions/north_america/Sensient-FrontFour-trade-volleys-in-advance-of-shareholder-meeting_60333.html
April 16, 2014
The US Government Accountability Office (GAO) has released a study finding that a lack of consistent government-wide data on the number and type of National Environmental Policy Act...
http://www.chemweek.com/regions/north_america/GAO-report-highlights-lack-of-data-on-US-environmental-reviews_60327.html
April 16, 2014
Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the...
http://www.chemweek.com/regions/north_america/Indian-Farmers-Fertiliser-Co-advances-$1-6-billion-Quebec-urea-complex_60326.html
April 16, 2014
LyondellBasell has increased its first-quarter interim dividend by 17% and announced plans to continue repurchasing shares....
http://www.chemweek.com/regions/north_america/LyondellBasell-increases-interim-dividend-plans-additional-buybacks_60325.html
April 16, 2014
Amyris (Emeryville, CA) has resumed production at its industrial fermentation plant at Brotas, Brazil, following a planned maintenance and upgrade period, the company announced today...
http://www.chemweek.com/regions/south_america/brazil/Amyris-resumes-farnesene-production-in-Brazil-prepares-to-make-patchouli_60324.html
April 15, 2014
Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in...
http://www.chemweek.com/regions/south_america/brazil/Mosaic-acquires-ADMs-fertilizer-distribution-businesses-in-Brazil-and-Paraguay_60315.html
April 15, 2014
Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....
http://www.chemweek.com/regions/north_america/Shintech-seeks-permit-for-Louisiana-ethylene-plant_60314.html
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