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December 10, 2014
AkzoNobel says a fire at its Battleground facility in La Porte, TX, damaged the building housing its high-purity metallo-organics (HPMO) unit on 9 December. The company has not said whether the fire, which was extinguished within 20 minutes, affected production....
http://www.chemweek.com/regions/north_america/us/AkzoNobel-reports-fire-at-Texas-high-purity-metallo-organics-unit_66034.html
December 10, 2014
Private equity firm The Riverside Co. (New York) says that it has acquired Drex-Chem (Shah Alam, Malaysia), a specialty chemicals distributor. Financial details of the agreement have...
http://www.chemweek.com/regions/north_america/us/Private-equity-firm-acquires-Malaysia-based-chemicals-distributor_66009.html
December 10, 2014
Former Solutia chairman and CEO Jeffry Quinn, currently founder and managing member of Quinpario Partners (New York), will be launching a capital management firm – called...
http://www.chemweek.com/regions/north_america/Quinn-to-launch-capital-management-firm_66037.html
December 10, 2014
BP said today that it expects to incur restructuring charges of $1 billion over the next five quarters. The company is presenting its future strategy and plans in the upstream and gas...
http://www.chemweek.com/regions/north_america/BP-to-incur-$1-billion-charges-reexamine-upstream-investments_66019.html
December 9, 2014
Novus International (St. Charles, MO) says it will expand US methionine feed additive capacity by 120,000 m.t./year by 2020....
http://www.chemweek.com/regions/north_america/us/Novus-plans-US-Gulf-Coast-methionine-expansion_66006.html
December 9, 2014
US production of major plastic resins totaled 6.40 billion lbs during October, a year-on-year (YOY) increase of 1.2%, according to ACC. However, production for the first 10 months dropped 2.5% YOY, to 62.0 billion lbs....
http://www.chemweek.com/regions/north_america/us/ACC-reports-October-increase-in-US-resin-production_65994.html
December 9, 2014
Reichhold Industries (Durham, NC) says that the United States Bankruptcy Court for the District of Delaware has approved bidding procedures for a court-supervised auction of substantially all of its US assets....
http://www.chemweek.com/regions/north_america/us/Bankruptcy-court-approves-auction-of-Reichholds-US-assets_66005.html
December 9, 2014
Air Liquide held a groundbreaking ceremony on 8 December for a new air separation unit (ASU) that will produce oxygen, nitrogen, and argon at its production facility at Port Neches...
http://www.chemweek.com/regions/north_america/us/Air-Liquide-builds-ASU-in-Texas_65980.html
December 9, 2014
Activist hedge fund Barrington Capital (New York) today continued its campaign against Omnova management by nominating three directors to the company’s board, to stand at...
http://www.chemweek.com/regions/north_america/Activist-hedge-fund-nominates-three-Omnova-directors_65996.html
December 9, 2014
Sumitomo Chemical and Monsanto say that they have entered into long-term agreements to collaborate on weed management in Brazil and Argentina, expanding their ongoing strategic...
http://www.chemweek.com/regions/south_america/argentina/Sumitomo-Chemical-Monsanto-expand-weed-management-collaboration-to-South-America_65979.html
December 9, 2014
Rivertop Renewables (Missoula, MT) announced today that it has begun construction of its first commercial plant located at DanChem Technologies, Inc.'s (DTI) facility at Danville, VA...
http://www.chemweek.com/regions/north_america/Rivertop-Renewables-announces-first-commercial-plant_65992.html
December 9, 2014
Solvay announces today that it is acquiring Dhaymers (Taboão da Serra, Brazil), a producer of specialty esters, entering the skin care market and expanding its presence in...
http://www.chemweek.com/regions/south_america/brazil/Solvay-acquires-specialty-esters-producer-in-Brazil_65987.html
December 8, 2014
The New Zealand Superannuation Fund (NZ Super Fund) has made a $60-million equity investment in LanzaTech (Chicago) as part of a Series D round of funding that raised $112.6 for the...
http://www.chemweek.com/regions/north_america/New-Zealand-invests-$60-million-in-LanzaTech_65977.html
December 8, 2014
Monsanto says its agriculture analytics division Climate Corporation (San Francisco) has acquired 640 Labs, an agricultural technology startup based in Chicago. Financial terms were...
http://www.chemweek.com/regions/north_america/Monsanto-adds-Chicago-start-up-to-growing-precision-ag-portfolio_65976.html
December 8, 2014
Eastman Chemical announced on Friday that it had completed acquiring Taminco, a global specialty chemical company, for $2.80 billion in cash and assumed debt. The acquired Taminco...
http://www.chemweek.com/regions/north_america/Eastman-completes-acquisition-of-Taminco_65946.html
December 8, 2014
Aurobindo Pharma (Hyderabad, India) said on Friday that it had completed acquiring assets of nutritional supplement maker Natrol and other affiliate entities through a wholly owned US...
http://www.chemweek.com/regions/north_america/Aurobindo-completes-acquisition-of-US-nutraceuticals-firm-Natrol_65943.html
December 8, 2014
Momentive Specialty Chemicals (MSC) announced today that it is rebranding itself Hexion, the company’s old name, effective 15 January 2015. The company was renamed Momentive...
http://www.chemweek.com/regions/north_america/Momentive-Specialty-Chemicals-to-change-name-back-to-Hexion_65749.html
December 8, 2014
Merck announced today that it has reached an agreement to acquire Cubist Pharmaceuticals (Lexington, MA) for $102/share in cash, which represents a 35% premium to Cubist’s...
http://www.chemweek.com/regions/north_america/Merck-to-acquire-Cubist-Pharmaceuticals-for-$8-40-billion_65959.html
December 8, 2014
BP is accelerating plans to cut hundreds of jobs, many of them in the United Kingdom and in the United States, the UK press reported on Sunday. The cuts will be concentrated in...
http://www.chemweek.com/regions/north_america/BP-accelerating-job-cuts-as-oil-price-continues-to-slide_65958.html
December 8, 2014
Sanofi’s animal health subsidiary Merial is acquiring the Merck manufacturing facility at Barceloneta, Puerto Rico. The transaction is subject to approval by FTC. If approved...
http://www.chemweek.com/regions/north_america/Sanofi-acquires-Mercks-animal-health-facility-in-Puerto-Rico_65950.html
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