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February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/regions/north_america/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
February 14, 2014
Dow Chemical has rejected a proposal by hedge fund Third Point (New York) that the company spin off its petrochemical operations. The benefits of vertical integration, scale, and shared technologies would be lost, while a significant breakup, “simplistically described as petrochemical and specialty chemical assets,” would create no additional value, says Dow. In response, Third Point offered to sign a non-disclosure agreement to review Dow's analysis....
http://www.chemweek.com/regions/north_america/Dow-rejects-proposed-breakup-reaffirms-current-strategy-updated_58777.html
February 14, 2014
A percentage of Rentech Inc. shareholders, partially made up of investment firm members Engaged Capital and Lone Star Value Management calling themselves Concerned Rentech Shareholders...
http://www.chemweek.com/regions/north_america/Rentech-shareholders-urge-changes-reiterate-director-nominations_58815.html
February 14, 2014
Mitsui OSK Lines (MOL; Tokyo) announced today that it has signed a contract with Methanol Holdings (Trinidad) to build and charter four methanol carriers. The new contract will play an...
http://www.chemweek.com/regions/north_america/Mitsui-OSK-to-build-four-carriers-for-charter-to-Methanol-Holdings-Trinidad_58819.html
February 14, 2014
Orica (Melbourne) and CF Industries (Deerfield, IL) say that they have entered into a long-term ammonium nitrate (AN) supply agreement for Orica’s North American operations. CF...
http://www.chemweek.com/regions/north_america/us/CF-Industries-and-Orica-sign-long-term-ammonium-nitrate-supply-agreement_58817.html
February 14, 2014
M&A activity in the chemical sector during 2013 was to a large extent driven by shareholder activism and investments by hedge funds, which pushed many chemical companies to...
http://www.chemweek.com/regions/north_america/Deloitte-Farm-chemicals-health-care-and-biobased-products-to-drive-M-and-A-activity-in-2014_58828.html
February 14, 2014
Alpek, a subsidiary of Alfa (San Pedro Garza García, Mexico), posted net losses of $1 million for the last quarter of 2013, according to the group's results released this week...
http://www.chemweek.com/regions/north_america/Alpek-swings-to-a-net-loss-in-fourth-quarter_58824.html
February 13, 2014
Braskem's consolidated net profit was 15 million reais ($6.22 million) in the last quarter of 2013, down 95% from the fourth quarter of the year before, when net profit amounted to...
http://www.chemweek.com/regions/south_america/brazil/Braskems-net-profit-drops-95-percent-in-the-fourth-quarter_58805.html
February 13, 2014
International Flavors & Fragrances (IFF) today reported fourth-quarter net earnings down 9.7% year-on-year (YOY), to $61.5 million, or 75 cts/share, on revenues up 7%, to $725...
http://www.chemweek.com/regions/north_america/IFF-earnings-slightly-beat-estimates-on-higher-sales_58803.html
February 13, 2014
Koppers reports a net loss of $4.1 million compared to a net gain of $13.6 million in the year-ago quarter, citing restructuring costs and weakness in its carbon operations. Adjusted...
http://www.chemweek.com/regions/north_america/Koppers-reports-net-loss-in-fourth-quarter_58801.html
February 13, 2014
Momentive Performance Materials (MPM) announced today that it is raising capacity for its tantalum carbide (TaC) coatings due to rising demand from electronics applications, including...
http://www.chemweek.com/regions/north_america/Momentive-increases-capacity-for-tantalum-carbide-coatings_58816.html
February 13, 2014
Ineos Europe today announced a new ethane purchase agreement with Consol Energy (Pittsburgh). The feedstock will be transported through the Mariner East infrastructure and imported by...
http://www.chemweek.com/regions/north_america/Ineos-signs-agreement-to-buy-ethane-from-Consol-Energy-for-import-into-Europe_58799.html
February 13, 2014
Foster Wheeler (Zug, Switzerland), a leading engineering and construction firm, today announced that it has entered into a definitive agreement with AMEC (London) under which AMEC will...
http://www.chemweek.com/regions/north_america/AMEC-to-acquire-Foster-Wheeler-for-$3-3-billion-creating-an-E-and-C-powerhouse_58794.html
February 13, 2014
Phillips 66 Partners (Houston), a new master limited partnership, has made its first asset acquisition, the $700 million purchase of the Gold Product Pipeline System and two newly constructed propylene-storage spheres from Phillips 66....
http://www.chemweek.com/regions/north_america/Phillips-66-Partners-acquires-pipeline-system-and-storage-for-$700-million_58806.html
February 13, 2014
Mallinckrodt, a specialty pharmaceutical and medical imaging group, says that it has entered into a definitive agreement to acquire all outstanding shares of Cadence Pharmaceuticals...
http://www.chemweek.com/regions/north_america/Mallinckrodt-to-acquire-Cadence-Pharmaceuticals_58793.html
February 12, 2014
Intrepid Potash reported a fourth-quarter net loss of $6 million, compared to a gain of $14.5 million in the year-ago quarter. Earnings of 8 cts/share were above analyst estimates of...
http://www.chemweek.com/regions/north_america/Intrepid-Potash-reports-earnings-drop_58788.html
February 12, 2014
Innospec today reported fourth-quarter net income of $28.7 million, or $1.17/share, more than double that of the year-ago period, on sales up 13% year-on-year (YOY), to $241.6 million...
http://www.chemweek.com/regions/north_america/Innospec-earnings-rise-on-acquisitions_58789.html
February 12, 2014
GlyEco (Phoenix) has begun the second phase of an expansion of its New Jersey processing center, which produces refinery-grade recycled glycol, the company says. The latest upgrades will increase the company's waste glycol processing capacity and storage capabilities....
http://www.chemweek.com/regions/north_america/GlyEco-to-increase-glycol-recycling-capacity_58778.html
February 12, 2014
Air Liquide has completed the commercial start-up of eight large-scale production units around the world, mainly in emerging markets, the company confirmed today. All of the recently...
http://www.chemweek.com/regions/north_america/Air-Liquide-completes-start-up-of-eight-large-scale-production-units_58776.html
February 12, 2014
Valspar today reported fiscal first-quarter net income down 2.5% year-on-year (YOY), to $53.6 million, on sales up 9%, to $956 million. Excluding restructuring costs, adjusted net...
http://www.chemweek.com/regions/north_america/Valspar-beats-estimates_58774.html
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