IHS Chemical Week

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May 20, 2015
Petróleos Mexicanos (Pemex) is seeking to focus on more profitable areas such as crude oil exploration and production (E&P) activities and the company does not exclude the...
http://www.chemweek.com/regions/north_america/Report-Pemex-mulls-sale-of-refining-petrochemical-assets_70528.html
May 20, 2015
Scotts Miracle-Gro has agreed to pay Monsanto $300 million to extend a long-term Roundup brand license for the lawn and garden consumer market, Monsanto announced today. Scotts...
http://www.chemweek.com/regions/north_america/Scotts-Miracle-Gro-pays-$300-million-to-extend-Roundup-license_70524.html
May 20, 2015
Sociedad Química y Minera de Chile (SQM; Santiago) reports net income of $71.7 million for the first quarter, down from $81 million one year earlier. Income before tax was $99.6...
http://www.chemweek.com/regions/south_america/argentina/SQMs-first-quarter-net-income-shrinks_70519.html
May 20, 2015
Sekisui Chemical (Tokyo) says that its Sekisui Polymer Innovations (SPI; Bloomsburg, PA) subsidiary has decided to establish a new plant to produce polyvinyl chloride (PVC) sheets, at...
http://www.chemweek.com/regions/north_america/us/Sekisui-Chemical-to-build-PVC-sheet-facility-in-Pennsylvania_70516.html
May 20, 2015
OCI (Amsterdam), a global producer of fertilizers and methanol, in its trading update on Wednesday said that first quarter 2015 revenue was lower than in the same period last year...
http://www.chemweek.com/regions/north_america/OCI-reports-lower-sales-and-production-volumes-due-to-plant-upgrades-gas-shortages_70512.html
May 19, 2015
The US benzene market may hit a floor this week, according to IHS Chemical analysts, as spot prices have moved well below the $2.50/galmark on the back of ongoing styrene turnarounds...
http://www.chemweek.com/regions/north_america/US-benzene-market-looking-for-a-floor-amid-supply-glut_70506.html
May 19, 2015
LyondellBasell has named Daniel Coombs executive v.p./intermediates and derivatives, with additional responsibility for supply chain, procurement, and technology, effective 29 May. He will replace Pat Quarles, who is leaving to take a leadership position at an unidentified “major US company."...
http://www.chemweek.com/regions/north_america/us/LyondellBasell-taps-CPChem-executive-to-lead-intermediates-and-derivatives_70497.html
May 19, 2015
Solvay has formed a 50-50 joint venture with Enirgi Chemicals (Toronto), a diversified industrials and chemicals company, to produce sodium bicarbonate materials for industrial...
http://www.chemweek.com/regions/north_america/Solvay-forms-sodium-bicarbonate-JV-for-air-pollution-applications_70496.html
May 19, 2015
Agricultural chemical firm Nufarm's wholly owned seed and traits subsidiary says it has partnered with Legend Seeds (De Smet, SD), the largest independent seed company in the...
http://www.chemweek.com/regions/north_america/us/Nufarm-subsidiary-and-Legend-Seeds-partner-in-US_70488.html
May 18, 2015
A. Schulman says that it has expanded its polyethylene terephthalate (PET) compounding capacity by adding a production line at the masterbatch plant at Bornem, Belgium. The added PET...
http://www.chemweek.com/regions/north_america/us/Schulman-completes-PET-masterbatch-compounding-expansion-in-Belgium_69795.html
May 18, 2015
Alpek’s (Monterrey, Mexico) first-quarter net income totaled $48 million, up 32% year-on-year (YOY), according to the latest company's results. Ebitda was up to $137 million from...
http://www.chemweek.com/regions/north_america/Alpeks-first-quarter-net-income-up-despite-lower-prices-due-to-higher-sales-volume_69844.html
May 18, 2015
Private equity firm Arsenal Capital (New York) has announced it is selling Royal Adhesives and Sealants (South Bend, IN) to American Securities (New York), another private equity firm...
http://www.chemweek.com/regions/north_america/Arsenal-Capital-to-sell-Royal-Adhesives-to-American-Securities_69843.html
May 18, 2015
Frutarom Industries (Herzliya, Israel), a leading global flavors and specialty fine ingredients firm, announced on Sunday that it has signed an agreement to acquire 95% of the shares...
http://www.chemweek.com/regions/north_america/Frutarom-acquires-flavors-producer-in-Canada-its-fifth-acquisition-this-year_70452.html
May 18, 2015
Chemours, DuPont’s performance chemicals subsidiary, says eight individuals have been selected to serve on its board of directors after the company’s planned spin-off from DuPont on 1 July. Richard Brown, formerly chair and CEO of Electronic Data Systems (EDS) and a member of DuPont’s board during 2001–15, will chair the board, The other board members will be Curtis Anastasio, Bradley Bell, Mary Cranston, Curtis Crawford, Dawn Farrell, Stephen Newlin, and Mark Vergnano....
http://www.chemweek.com/regions/north_america/us/Chemours-names-board-to-serve-after-spin-off-from-DuPont_70470.html
May 18, 2015
CF Industries (Deerfield, IL) says its board of directors has declared a five-for-one split of the company’s common stock in the form of a stock dividend. The split will be the company’s first since its IPO in 2005. Stockholders will receive four additional shares for each share of common stock they own on 17 June....
http://www.chemweek.com/regions/north_america/us/CF-declares-five-for-one-stock-split_70466.html
May 18, 2015
Suhail Mohamed Faraj Al Mazrouei, managing director of International Petroleum Investment Company (IPIC) and United Arab Emirates energy minister, has been named chairman of Nova Chemicals (Calgary, AB). Al Mazrouei replaces Khadem Al Qubaisi, who recently resigned from the board....
http://www.chemweek.com/regions/north_america/canada/IPIC-director-and-UAE-minister-named-Nova-Chemicals-chairman_70463.html
May 18, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest and one of Asia’s fastest-growing petrochemical players, tells CW that it will invest about $1 billion in a...
http://www.chemweek.com/regions/north_america/PTTGC-to-build-PO-polyols-complex-in-Thailand-details-US-ethane-cracker-plans_70462.html
May 18, 2015
The United States has seen benzene derivative exports moving to Europe with cumene and cyclohexane this week, as operational issues in that region have left producers looking to cover...
http://www.chemweek.com/regions/north_america/US-benzene-derivative-exports-move-to-EU-amid-production-issues_70450.html
May 15, 2015
DuPont this morning won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company's director nominees were re-elected to its board, company...
http://www.chemweek.com/regions/north_america/DuPont-wins-proxy-battle-with-Trian-update_70376.html
May 15, 2015
North America's styrene market is expected to be oversupplied in the second half of 2015 as styrene plant turnarounds come to an end in June, according to IHS Chemical director David...
http://www.chemweek.com/regions/north_america/North-Americas-styrene-market-expected-to-swing-to-oversupply-in-second-half-of-2015_70439.html
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