IHS Chemical Week

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April 1, 2013
Momentive Performance Materials (MPM; Waterford, NY) and Momentive Specialty Chemicals (Columbus, OH) both announced fourth quarter results—reporting drops in sales and net losses on lower volumes and other factors. Both companies are owned by private equity firm Apollo Management....
http://www.chemweek.com/regions/north_america/Momentive-reports-net-losses-sales-decreases_50857.html
April 1, 2013
Nippon Sheet Glass (NSG; Tokyo) has sold its 6.25% stake in FMC Wyoming, which contains most of FMC's soda ash and alkali operations, back to FMC for $80 million, NSG says. NSG...
http://www.chemweek.com/regions/north_america/Nippon-Sheet-Glass-sells-soda-ash-stake-back-to-FMC_50828.html
April 1, 2013
Ferro has completed the sale of its pharmaceuticals business, Pfanstiehl Laboratories, to private equity firm Med Opportunity Partners (Greenwich, CT). Ferro will receive $16.9 million cash and an incentive payment of up to $8 million, payable over 2 years based on the business’ earnings performance....
http://www.chemweek.com/regions/north_america/us/Ferro-sells-pharma-business_50856.html
March 28, 2013
North American chemicals sector rail traffic rose 1.7% year-on-year (YOY) during the week ended 23 March, to 43,588 cars, according to the Association of American Railroads (AAR...
http://www.chemweek.com/regions/north_america/Chemicals-sector-rail-traffic-up-1-7-percent_50829.html
March 28, 2013
Despite the industry’s cyclicality and environmental risks, North American chemical companies tend to offer weak covenants on high-yield bonds, according to a new report from...
http://www.chemweek.com/regions/north_america/Moodys-Chemical-companies-offer-bond-investors-little-protection_50817.html
March 28, 2013
Huntsman says it is investing a combined $135 million at two of its methylene diphenyl diisocyanate (MDI) manufacturing facilities—specifically, increasing capacity at its...
http://www.chemweek.com/regions/north_america/Huntsman-invests-$135-million-in-MDI-updates_50686.html
March 28, 2013
Ferro and its lenders have agreed to amend its senior credit facility, reducing the company’s revolving loan commitment to $250 million from $350 million. The move will reduce...
http://www.chemweek.com/regions/north_america/Ferro-amends-credit-facility_50800.html
March 28, 2013
Increasing potash demand, especially in China and India, contributed to Mosaic’s strong quarter for the fiscal third quarter, ended 28 February—with the company reporting...
http://www.chemweek.com/regions/north_america/Mosaic-reports-rise-in-earnings-sales-on-high-potash-demand_50799.html
March 28, 2013
Ecolab announced today that it expects the close of its $2.2-billion acquisition of oilfield services firm Champion Technologies to occur on or before 15 April. The deal was previously...
http://www.chemweek.com/regions/north_america/Ecolab-extends-Champion-close-date-to-15-April_50798.html
March 28, 2013
Adhesives maker H.B. Fuller has reported net income from continuing operations of $20.8 million, or 41 cts/share, for the company’s fiscal first quarter. Net income from...
http://www.chemweek.com/regions/north_america/H-B-Fuller-earnings-up-but-slightly-short-of-estimates_50787.html
March 27, 2013
EPA announced today that it will begin health and environmental risk assessments of 23 commonly used chemicals, with a focus on flame retardants, as a part of the Toxic Substances Control Act (TSCA) Work Plan....
http://www.chemweek.com/regions/north_america/EPA-begins-risk-assessments-of-flame-retardants-under-TSCA_50779.html
March 27, 2013
The two companies will also investigate the development of petrochemical projects in Argentina based on the availability of new raw materials....
http://www.chemweek.com/regions/south_america/argentina/Dow-YPF-agree-to-negotiate-Argentina-shale-JV_50780.html
March 27, 2013
Metabolix reported fourth quarter 2012 results today, citing increased revenue and a slight gain in net income—though net income was reported as a loss for the quarter. Sales of...
http://www.chemweek.com/regions/north_america/Metabolix-releases-fourth-quarter-results-announces-Chinese-film-distribution-deal_50756.html
March 27, 2013
Air Products announced it has licensed its adsorption-based monomer recovery technology to Cryo Technologies (Allentown, PA), a supplier of custom engineered process equipment. The...
http://www.chemweek.com/regions/north_america/Air-Products-licenses-olefin-recovery-technology_50755.html
March 27, 2013
Wacker Chemie says it has opened a new technical center for carpet applications at Dalton, GA. It offers lab facilities for developing and testing polymeric binders for the carpet...
http://www.chemweek.com/regions/north_america/us/Wacker-opens-technical-center-in-US_50761.html
March 26, 2013
OxyChem (Dallas), a subsidiary of Occidental Petroleum, says it is constructing a hydrochloric acid (HCI) synthesis unit at its Niagara Falls, NY, chlor-alkali plant. The unit is...
http://www.chemweek.com/regions/north_america/OxyChem-to-construct-HCI-unit-at-Niagara-Falls-plant_50745.html
March 26, 2013
Williams says it has chosen Honeywell’s UOP C3 Oleflex process technology to produce propylene for its recently announced propane dehydrogenation (PDH) project at Alberta...
http://www.chemweek.com/regions/north_america/Williams-selects-Honeywell-UOP-technology-for-PDH-facility_50744.html
March 26, 2013
ACC released its chemical activity barometer (CAB) for the month of March—showing a 0.4% increase in activity from February, to 92.5, on a 3-month moving average (3MMA) basis...
http://www.chemweek.com/regions/north_america/March-CAB-ticks-up-for-eighth-consecutive-month_50743.html
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