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August 26, 2015
Asahi Kasei says that, on 26 August, it completed the previously announced acquisition of Polypore International (Charlotte, NC). Asahi Kasei had announced in February that it will...
http://www.chemweek.com/regions/north_america/us/Asahi-Kasei-completes-acquisition-of-Polypore-after-3M-purchases-Polypores-separations-media-business-for-$1-0-billion_73210.html
August 26, 2015
Shell Canada confirmed today that its Scotford, AB, styrene plant is up and running. The company is currently building inventory ahead of a 44-day shutdown that will start on 8...
http://www.chemweek.com/regions/north_america/Shells-Scotford-styrene-plant-up-and-running_73193.html
August 26, 2015
DuPont says that it has appointed John Chrosniak as president of its sustainable solutions business effective 1 September. Chrosniak succeeds James Weigand, who has been...
http://www.chemweek.com/regions/north_america/us/DuPont-appoints-heads-of-DuPont-Teijin-Films-JV-and-sustainable-solutions-business_73178.html
August 26, 2015
Molycorp will suspend production at its Mountain Pass, CA rare earths facility by 20 October, the company says. The facility will go into “care and maintenance mode,” with...
http://www.chemweek.com/regions/north_america/Molycorp-to-suspend-production-at-Mountain-Pass_73189.html
August 26, 2015
Quaker Chemical (Conshohocken, PA) says that Margaret Loebl has resigned from her position as v.p., CFO, and treasurer of Quaker, effective 18 September. Loebl has accepted the...
http://www.chemweek.com/regions/north_america/us/Quaker-Chemical-CFO-resigns-to-join-AgroFresh_73177.html
August 26, 2015
Sumitomo Chemical says that it has decided to establish a research center at São Paulo. The center will be called Latin America Research Center, and it will focus on efficacy...
http://www.chemweek.com/regions/south_america/brazil/Sumitomo-Chemical-to-establish-R-and-D-center-in-Brazil_73172.html
August 25, 2015
South Korea's benzene exports in August to the United States are set to exceed 100,000 m.t., as benzene prices in Asia have come down on the back of weak crude futures and a weak stock...
http://www.chemweek.com/regions/north_america/US-imports-of-benzene-from-Korea-to-exceed-100000-m-t-this-month-as-market-declines_73171.html
August 25, 2015
Valspar on Tuesday reported fiscal third-quarter net income up 5.2% year-on-year (YOY), to $102.9 million, on sales down 6.5%, to $1.15 billion. Adjusted earnings totaled $1.33/share...
http://www.chemweek.com/regions/north_america/Valspar-beats-estimates-narrows-full-year-guidance_73170.html
August 25, 2015
Albemarle is planning to move its corporate headquarters and performance chemicals business operations to Charlotte, NC, from Baton Rouge, LA, as of June 2016. The company’s...
http://www.chemweek.com/regions/north_america/Albemarle-to-move-corporate-headquarters-to-Charlotte-NC_73161.html
August 25, 2015
Haverhill Chemicals' (Houston) CEO Alberto Spera confirmed that he was leaving the company on 21 August, after meetings with prospective buyers of the company took place that week. The...
http://www.chemweek.com/regions/north_america/Haverhill-CEO-leaving-fate-of-company-still-in-the-balance_73122.html
August 25, 2015
Average gasoline prices in the United States on 24 August are at the lowest levels for this time of year since 2004 due to the steep decline in the cost of crude oil, according to...
http://www.chemweek.com/regions/north_america/Gasoline-prices-in-US-lowest-for-this-time-of-year-since-2004_73148.html
August 25, 2015
Hawkins (Roseville, MN) and BASF have signed an exclusive distribution agreement for BASF's water solutions portfolio throughout the midwestern United States, Hawkins says. Product...
http://www.chemweek.com/regions/north_america/us/BASF-and-Hawkins-sign-distribution-deal-for-water-treatment-products_73151.html
August 25, 2015
LyondellBasell CEO Bob Patel expects to announce a polyethylene project later this year, according to a report in the Houston Chronicle. The plant could be located in the Houston area or at one of the company’s sites in southern Texas, says the report. The Houston Chronicle interviewed Patel last week at LyondellBasell’s Channelview complex....
http://www.chemweek.com/regions/north_america/Report-LyondellBasell-planning-PE-investment-for-site-in-Texas_73149.html
August 25, 2015
Westlake Chemical (Houston) says its board has voted to increase the quarterly dividend by 10%, to 18.15 cts/share. The dividend will be paid on 22 September....
http://www.chemweek.com/regions/north_america/Westlake-increases-dividend_73136.html
August 25, 2015
Syngenta, the global leading agrochemicals company, said on Tuesday it has no comment to make on reports that Monsanto has increased its offer by 4.7% to 43.7 billion Swiss...
http://www.chemweek.com/regions/north_america/Syngenta-has-no-comment-on-reported-new-Monsanto-offer_73154.html
August 24, 2015
Prompt US benzene spot prices dropped below the $2.00 per gallon ($599/m.t.) market on Monday for the first time in six months, following direction from the decline in the Asian and...
http://www.chemweek.com/regions/north_america/US-benzene-hits-six-month-low-on-weaker-crude-and-Asian-markets_73139.html
August 24, 2015
Louis Dreyfus Commodities (LDC; Rotterdam) is adding a glycerin refinery to its soybean crushing and biodiesel plant at Claypool, IN; construction is expected to be complete by the end...
http://www.chemweek.com/regions/north_america/Louis-Dreyfus-Commodities-adds-glycerin-refinery-at-Indiana-site_73137.html
August 24, 2015
Monsanto has reportedly increased its bid to purchase Syngenta by about $2-billion, to $47 billion, and increased the break-up fee it offered to pay to Syngenta should the deal fail to...
http://www.chemweek.com/regions/north_america/Report-Monsanto-increases-Syngenta-bid-to-$47-billion_73150.html
August 24, 2015
Biobased isobutanol firms Gevo (Englewood, CO) and Butamax Advanced Biofuels (Wilmington, DE) have entered into global patent cross-licensing and settlement agreements, ending a...
http://www.chemweek.com/regions/north_america/Butamax-and-Gevo-sign-cross-licensing-and-settlement-deal-end-all-litigation_73135.html
August 24, 2015
The US aromatics market hit a standstill late in the week, as traders were caught between falling crude futures, production issues and the first hurricane of 2015 to arrive in the...
http://www.chemweek.com/regions/north_america/US-aromatics-market-caught-between-mixed-fundamentals_73124.html
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