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January 9, 2014
DuPont announced on 9 January that executive v.p. Mark Vergnano will serve as CEO of its performance chemicals upon completion of the planned spin off of the unit from DuPont. The spin...
http://www.chemweek.com/regions/north_america/DuPont-names-CEO-for-planned-performance-chemicals-spinoff_57860.html
January 9, 2014
Americas Styrenics (The Woodlands, TX) plans to construct a deep water dock at its styrene production facility at St. James, LA, on the Mississippi River. The company expects to obtain local permits by mid-2014 and to bring the facility online in late 2015....
http://www.chemweek.com/regions/north_america/Americas-Styrenics-plans-deep-water-dock-for-St-James-facility_57856.html
January 9, 2014
Biochemical firm Myriant (Quincy, MA) has withdrawn its plans for a $125-million initial public offering, according to an SEC filing dated 8 January. The move comes shortly after PTT...
http://www.chemweek.com/regions/north_america/Myriant-withdraws-IPO_57845.html
January 9, 2014
Agrium announced today that it is restructuring its business and integrating the sectors of its Agrium advanced technologies (AAT) unit into the company's wholesale unit. Agrium, as a...
http://www.chemweek.com/regions/north_america/Agrium-reorganizes-business-to-operate-in-two-segments-considers-divestments_57831.html
January 9, 2014
Braskem has defended its offer to buy out the minority shareholders of Solvay Indupa, which was rejected by Argentina’s stock regulator, the Comisión Nacional de Valores (CNV), on 3 December 2013. In a statement issued on 6 December, the company says it is discussing the issue with CNV in order to find a path forward....
http://www.chemweek.com/regions/south_america/brazil/Braskem-defends-offer-for-Solvay-Indupa-negotiating-next-move_57754.html
January 9, 2014
Solvay has issued a statement confirming that the planned divestment of the company's 70.59% stake in polyvinyl chloride producer Solvay Indupa to Braskem is moving ahead and does not...
http://www.chemweek.com/regions/south_america/argentina/Solvay-sale-of-Indupa-stake-to-Braskem-is-underway-does-not-depend-on-deal-for-listed-Indupa-shares_57827.html
January 8, 2014
Compass Minerals (Kansas City) released its deicing sales volume data for the fourth quartertoday, showing increased snow activity—which pushed its highway deicing sales volumes...
http://www.chemweek.com/regions/north_america/Compass-Minerals-reports-increased-deicing-sales-volumes-in-fourth-quarter_57818.html
January 8, 2014
Mosaic announced today that it has completed the previously announced purchase of shares from the Margaret A. Cargill Foundation and the Anne Ray Charitable Trust (MAC Trusts...
http://www.chemweek.com/regions/north_america/Mosaic-repurchases-over-21-million-Cargill-shares_57816.html
January 8, 2014
W.R. Grace, which hopes to exit from bankruptcy later this month after nearly 13 years in Chapter 11, is looking to secure $1.55 billion in exit financing from several banks, reports...
http://www.chemweek.com/regions/north_america/W-R-Grace-looking-to-obtain-$1-55-billion-in-exit-financing_57817.html
January 8, 2014
Cibus Global (San Diego), a technology firm, has acquired the remaining interest in Nucelis (San Diego) for an undisclosed amount, Cibus has announced. Nucelis, established as an...
http://www.chemweek.com/regions/north_america/US-technology-firm-becomes-sole-owner-of-biobased-chemical-start-up_57795.html
January 8, 2014
PTT Global Chemical (PTTGC; Bangkok) says that Myriant (Quincy, MA), in which PTTGC holds a 72.62% stake, has purchased 3,406,569 shares from existing shareholders and reduced its...
http://www.chemweek.com/regions/north_america/us/PTT-Global-Chemical-ups-its-Myriant-shares-to-84-77-percent_57791.html
January 8, 2014
South Louisiana Methanol (SLM) says it has received an air permit from the Louisiana Department of Environmental Quality and the State of Louisiana for its $1.3-billion, 5,000-m.t./day gas-to-methanol project at St. James Parish, LA....
http://www.chemweek.com/regions/north_america/South-Louisiana-Methanol-receives-air-permit_57805.html
January 8, 2014
Koppers, a producer of carbon compounds and treated wood products, says it has signed an agreement to acquire the railroad crosstie treating business and related manufacturing facility...
http://www.chemweek.com/regions/north_america/Koppers-acquires-railroad-crosstie-business-in-Canada_57803.html
January 8, 2014
LSB Industries (Oklahoma City) has taken down the anhydrous ammonia plant at its Pryor, OK, facility to address excessive vibration in the second stage of the compressor....
http://www.chemweek.com/regions/north_america/LSB-shuts-down-Pryor-ammonia-plant-again_57796.html
January 8, 2014
Strong soybean and glyphosate sales helped Monsanto offset lower corn results and exceed analysts’ estimates for its fiscal first quarter.  The company reports net income of...
http://www.chemweek.com/regions/north_america/Monsanto-tops-estimates-on-strong-soybean-and-glyphosate-results_57800.html
January 8, 2014
A judge in California has increased the fine to be paid by Sherwin-Williams (SW), NL Industries, and ConAgra in a lead paint case, from $1.1 billion to $1.15 billion. The decision, by...
http://www.chemweek.com/regions/north_america/Judge-raises-fine-in-Sherwin-Williams-lead-paint-case_57801.html
January 8, 2014
RPM International today announced fiscal 2014 second-quarter earnings up 52.5% year-on-year (YOY), to $63.6 million, on sales up 5.3%, to $1.02 billion. Earnings rose 21.1% YOY on an...
http://www.chemweek.com/regions/north_america/RPM-earnings-rise-beat-estimates_57797.html
January 8, 2014
Evonik Industries says that, on 1 January, its Evonik Goldschmidt (Hopewell, VA) unit, a provider of specialty surfactants with a focus on the consumer goods market, has merged with...
http://www.chemweek.com/regions/north_america/us/Evonik-Goldschmidt-merges-with-Evonik-Corp-_57793.html
January 7, 2014
A. Schulman announced today that it has acquired Prime Colorants (Franklin, TN), a maker of custom colors and additives concentrates, for $15.1 million. Prime, which has been involved...
http://www.chemweek.com/regions/north_america/Schulman-acquires-colors-business-in-US-for-$15-million_57779.html
January 7, 2014
A. Schulman has reported fiscal first-quarter net income up 5% year-on-year (YOY), to $12.4 million, on net sales up 10%, to $585.4 million. Adjusted income, which excludes...
http://www.chemweek.com/regions/north_america/Schulman-earnings-rise-5-percent-YOY_57778.html
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