IHS Chemical Week

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November 17, 2014
A fire at Shell’s Norco, LA, refinery on 13 November sparked a rally in ethylene markets late last week. St. Charles Parish Emergency Operations Center reported on 13 November...
http://www.chemweek.com/regions/north_america/Shell-Norco-fire-ignites-spot-ethylene-rally_65474.html
November 17, 2014
Pfizer and Merck KGaA today announced the signing of a major cancer drug deal, which industry observers say reduces the likelihood of a renewed bid by the US pharmaceutical giant for...
http://www.chemweek.com/regions/north_america/Pfizer-Merck-KGaA-deal-said-to-reduce-likelihood-of-renewed-Pfizer-bid-for-AstraZeneca_65473.html
November 17, 2014
Toray Industries says that it has agreed to supply Torayca prepreg for the production of Boeing’s (Chicago) new 777X aircraft. Torayca is Toray’s carbon fiber brand. Toray...
http://www.chemweek.com/regions/north_america/us/Toray-in-$8-7-billion-deal-to-supply-carbon-fiber-prepreg-to-Boeing_65466.html
November 14, 2014
International Flavors & Fragrances (IFF) announced today that its current executive v.p. and CFO, Kevin Berryman, will be leaving the company to take a senior leadership role...
http://www.chemweek.com/regions/north_america/IFF-CFO-to-step-down-interim-CFO-named_65447.html
November 14, 2014
Dow Chemical plans to expand capacity and enhance production technologies and equipment at its four polyethylene (PE) production units at Bahia Blanca, Argentina, starting in 2015. The...
http://www.chemweek.com/regions/south_america/argentina/Dow-to-expand-PE-capacity-in-Argentina_65437.html
November 14, 2014
Valspar (Minneapolis) says that it has completed the purchase of coatings manufacturer Madison Chemical Industries (Milton, ON). Financial terms of the acquisition have not been...
http://www.chemweek.com/regions/north_america/us/Valspar-acquires-Canadian-coatings-manufacturer-Madison-Chemical_65428.html
November 14, 2014
Shareholders of both Albemarle and Rockwood today voted to approve Albemarle’s $6.2-billion acquisition of the latter company. Under the deal, Rockwood shareholders will receive...
http://www.chemweek.com/regions/north_america/Shareholders-approve-Albemarle-Rockwood-deal_65451.html
November 14, 2014
Ashland announced today that its board has elected William Wulfsohn to be chairman and CEO, effective 1 January 2015. Wulfsohn replaces James O’Brien, who is retiring after 12...
http://www.chemweek.com/regions/north_america/Ashland-names-new-CEO_65450.html
November 14, 2014
China will invest $14 billion in Mexico's energy, mining, infrastructure, telecommunications, and tourism sectors after the two countries' governments signed 14 cooperation agreements...
http://www.chemweek.com/regions/north_america/China-to-invest-$14-billion-in-Mexico-including-$5-billion-in-the-energy-sector_65440.html
November 14, 2014
US-President Obama has announced an ambitious 2025 target to cut net US greenhouse gas (GHG) emissions to 26–28% below 2005 levels by 2025. At the same time, President Xi Jinping...
http://www.chemweek.com/regions/north_america/US-China-agree-on-joint-efforts-on-climate-change-clean-energy_65368.html
November 14, 2014
Evonik Industries says that the inorganic materials business unit of its North American subsidiary Evonik Corp. (Parsippany, NJ) has signed new agreements with The Cary Co. (Addison...
http://www.chemweek.com/regions/north_america/us/Evonik-signs-distribution-agreements-for-silica-in-US_65431.html
November 13, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since January, intends to wage a proxy battle for board seats at Dow's 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/regions/north_america/Third-Point-prepares-for-proxy-fight-at-Dow-Chemical_65388.html
November 13, 2014
Dow Chemical announced plans on 12 November to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. Dow announced the deals as part of a strategy update at its investor day in Lake Jackson, TX, where the company also announced plans to realign external reporting, increase its dividend, and expand a shareholder repurchase program....
http://www.chemweek.com/regions/north_america/us/Dow-updates-strategy-as-Third-Point-raises-pressure_65419.html
November 13, 2014
Lonza ‘s consumer care segment has signed an agreement with Koda’s care segment for Koda to serve as Lonza’s exclusive third-party distributor of hygiene and personal...
http://www.chemweek.com/regions/north_america/Lonza-partners-with-Koda-for-personal-care-distribution-in-North-America_65364.html
November 13, 2014
Trinseo (Berwyn, PA; formerly Styron) reports a third-quarter loss of $10 million, down from a profit of $5 million in the year-ago period. Sales were flat year-over-year (YOY) at $1.3 billion. Higher SSBR volume and a favorable currency effects were offset by lower prices stemming mainly from lower raw material costs, says the company. Adjusted Ebitda declined 14% YOY to $62 million, the result of lower styrene monomer production margins, lower equity affiliate income, partially offset by well-timed raw material purchases, higher solution-polymerized styrene butadiene rubber (S-SBR) sales volume, and currency effects....
http://www.chemweek.com/regions/north_america/us/Trinseo-swings-to-loss-on-poor-styrene-margins_65426.html
November 13, 2014
Brazil's competition authority CADE (Brasilia) has rejected Braskem's proposed acquisition of Solvay's 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision...
http://www.chemweek.com/regions/south_america/brazil/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa-update-adds-Braskem-comment_65343.html
November 13, 2014
Japan Polypropylene (JPP; Tokyo), a joint venture between Japan Polychem—a subsidiary of Mitsubishi Chemical—and JNC Corp. (Tokyo), has announced an expansion of...
http://www.chemweek.com/regions/north_america/Japan-Polypropylene-to-expand-compounding-capacity-in-US-China_65367.html
November 13, 2014
Dow Chemical is raising its quarterly dividend by 14%, to 42 cts/share, and more than doubling the size of its share buyback program, the company says. The share buyback program...
http://www.chemweek.com/regions/north_america/Dow-raises-dividend-increases-size-of-share-buyback_65328.html
November 13, 2014
Eastman Chemical is forecasting 8–12% annual growth for the next 3 years. Earnings in 2014 are expected to approach $7/share, up from $6.44 in 2013, with 2015 earnings growth...
http://www.chemweek.com/regions/north_america/Eastman-forecasts-strong-earnings-growth-through-2017_65370.html
November 13, 2014
Coatings maker Axalta, owned by private equity firm The Carlyle Group (New York), has commenced an IPO that could raise up to about $1 billion – far higher than previously...
http://www.chemweek.com/regions/north_america/Axalta-to-commence-IPO_65122.html
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