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April 16, 2014
A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of...
http://www.chemweek.com/regions/north_america/Schulman-sets-double-digit-sales-and-earnings-growth-targets_60348.html
April 16, 2014
Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose...
http://www.chemweek.com/regions/north_america/Sensient-FrontFour-trade-volleys-in-advance-of-shareholder-meeting_60333.html
April 16, 2014
The US Government Accountability Office (GAO) has released a study finding that a lack of consistent government-wide data on the number and type of National Environmental Policy Act...
http://www.chemweek.com/regions/north_america/GAO-report-highlights-lack-of-data-on-US-environmental-reviews_60327.html
April 16, 2014
Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the...
http://www.chemweek.com/regions/north_america/Indian-Farmers-Fertiliser-Co-advances-$1-6-billion-Quebec-urea-complex_60326.html
April 16, 2014
LyondellBasell has increased its first-quarter interim dividend by 17% and announced plans to continue repurchasing shares....
http://www.chemweek.com/regions/north_america/LyondellBasell-increases-interim-dividend-plans-additional-buybacks_60325.html
April 16, 2014
Amyris (Emeryville, CA) has resumed production at its industrial fermentation plant at Brotas, Brazil, following a planned maintenance and upgrade period, the company announced today...
http://www.chemweek.com/regions/south_america/brazil/Amyris-resumes-farnesene-production-in-Brazil-prepares-to-make-patchouli_60324.html
April 15, 2014
Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in...
http://www.chemweek.com/regions/south_america/brazil/Mosaic-acquires-ADMs-fertilizer-distribution-businesses-in-Brazil-and-Paraguay_60315.html
April 15, 2014
Shintech, the US subsidiary of Shin-Etsu Chemical (Tokyo), has applied to the Louisiana Department of Environment Quality for a permit to build a 500,000-m.t./year ethylene plant. The company says it has not chosen a site, but a leading candidate will be land already owned by Shintech....
http://www.chemweek.com/regions/north_america/Shintech-seeks-permit-for-Louisiana-ethylene-plant_60314.html
April 15, 2014
IC Potash (ICP; Toronto) announced today that the Bureau of Land Management (BLM) has authorized ICP to construct and operated a sulphate of potash project, called Ochoa, at Lea...
http://www.chemweek.com/regions/north_america/IC-Potash-receives-BLM-approval-of-New-Mexico-potash-project_60302.html
April 15, 2014
The Chlorine Institute and ACC have asked the US District Court for the District of Minnesota to prevent Canadian Pacific Railway from imposing a restrictive new requirement on shippers of chlorine and other toxic inhalation hazard materials. The Fertilizer Institute has joined the complaint....
http://www.chemweek.com/regions/north_america/ACC-CI-sue-to-stop-railroad-from-imposing-new-shipping-restrictions_60304.html
April 15, 2014
Sensient Technologies has reported a first-quarter net loss of $2.08 million, or 4 cts/share, compared with a profit of $21.4 million, or 43 cts/share, in the year-ago quarter, due...
http://www.chemweek.com/regions/north_america/Sensient-swings-to-loss-on-restructuring-charges-raises-guidance_60303.html
April 15, 2014
Jourdan (Mississauga, ON), Autris (Los Angeles), and Process Research Ortech (PRO; Mississauga) have signed a term-sheet agreement covering the formation of a joint venture to...
http://www.chemweek.com/regions/north_america/Canadian-US-firms-establish-JV-to-develop-on-demand-ammonia-technology_60299.html
April 15, 2014
K+S Potash Canada (Saskatoon, SK), a subsidiary of K+S Group (Kassel, Germany); and Pacific Coast Terminals (PCT; Port Moody, BC) have signed an exclusive, long-term contract for the...
http://www.chemweek.com/regions/north_america/K+S-signs-long-term-handling-storage-agreement-for-potash-project-in-Canada_60297.html
April 14, 2014
Axiall (Atlanta, GA) has restarted a Lake Charles, LA, vinyl chloride monomer (VCM) plant, which was shut down after a fire on 20 December. Axiall also released preliminary first-quarter financial results....
http://www.chemweek.com/regions/north_america/Axiall-completes-VCM-repairs-estimates-50-percent-yoy-decline-in-first-quarter-Ebitda_60292.html
April 14, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....
http://www.chemweek.com/regions/north_america/Momentive-Performance-Materials-files-for-Chapter-11-updated_60267.html
April 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer debt up 6.4%; up 5.6% year-on-year (YOY)...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-11-April-2014_60273.html
April 14, 2014
Air Products will build a 40-million standard cubic feet/day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation (PDH) facility...
http://www.chemweek.com/regions/north_america/Air-Products-to-build-hydrogen-plant-at-Enterprise-PDH-unit_60272.html
April 14, 2014
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The price includes a tax election that is...
http://www.chemweek.com/regions/north_america/Koppers-acquires-wood-treatment-railroad-businesses_60271.html
April 14, 2014
Polyethylene (PE) demand increased worldwide from 66.1 million m.t./year in 2008, to about 82 million m.t./year in 2013, despite a global recession that suppressed demand in 2008-09...
http://www.chemweek.com/regions/north_america/IHS-WPC-2014-Worldwide-PE-demand-to-continue-growing_59931.html
April 14, 2014
Archroma (Reinach, Switzerland), the former textile, paper, and emulsions business of Clariant, has appointed Miguel De Bellis to the post of president/emulsion products and Americas...
http://www.chemweek.com/regions/south_america/brazil/Archroma-appoints-emulsions-and-Americas-head_60268.html
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