IHS Chemical Week

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February 20, 2013
The European Union has adopted a 5-year antidumping duty on US bioethanol that will result in a €62.30/m.t. ($83.20) net tariff applied to imports. Bioethanol used in...
http://www.chemweek.com/regions/north_america/European-Union-sets-5-year-antidumping-tariff-on-US-origin-bioethanol_49972.html
February 20, 2013
Cereplast, a manufacturer of biobased plastics, has created a new subsidiary, Algaeplast, to focus on development and manufacturing of algae-based plastics. Cereplast announced plans...
http://www.chemweek.com/regions/north_america/Cereplast-creates-algae-bioplastics-subsidiary-Algaeplast_49971.html
February 20, 2013
Osterman & Company (Cheshire, CT), a global distributor of plastic resins, announced it has acquired Quimtec, a Costa Rican–based plastic resin distributor that serves...
http://www.chemweek.com/regions/north_america/Osterman-acquires-Costa-Rican-distribution-company_49969.html
February 19, 2013
Record ammonia shipments in the fourth quarter contributed to CF Industries’ increase in net earnings—up 7%, to $470.7 million year-on-year (YOY). Results include $13.1...
http://www.chemweek.com/regions/north_america/CF-Industries-reports-higher-earnings-on-increased-ammonia-volumes_49959.html
February 19, 2013
MACROECONOMIC STATUS Our running tab of positive indicators slipped to 11 out of 20 this week. Thus, we are posting a yellow banner. Retail Sales up 0.1%; up 4.4% Y/Y Business...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-15-February-2013_49958.html
February 19, 2013
OM Group swung to a fourth-quarter loss of $34 million, or $1.06/share, compared with a profit of $53 million in the year-ago quarter, on weakness in its magnetic technologies business...
http://www.chemweek.com/regions/north_america/OM-Group-swings-to-loss-on-weak-magnetic-technologies-results-charges_49944.html
February 19, 2013
Rockwood’s fourth-quarter earnings declined 66% year-on-year (YOY), to $21.2 million, or 26 cts/share, on sales up 1.8%, to $829 million. Earnings for the 2012 fourth-quarter...
http://www.chemweek.com/regions/north_america/Rockwood-earnings-fall-on-weak-TiO2-additives-results_49942.html
February 19, 2013
Stepan (Northfield, IL) reports a 17% increase in fourth-quarter net income, to $15.4 million year-on-year (YOY). Net sales fell 4%, to $427 million, because of lower selling...
http://www.chemweek.com/regions/north_america/Stepan-reports-rise-in-net-income-drop-in-sales-for-fourth-quarter_49941.html
February 19, 2013
Codexis has signed an enzyme distribution agreement with Strem Chemicals (Newburyport, MA), a manufacturer of specialty chemicals for research and development. The agreement grants...
http://www.chemweek.com/regions/north_america/Codexis-and-Strem-Chemicals-sign-enzyme-distribution-agreement_49938.html
February 19, 2013
Petróleos de Venezuela SA (PDVSA; Caracas) says that repair work and preparation for restart are ongoing at its refinery site in El Palito, Puerto Cabello...
http://www.chemweek.com/regions/south_america/venezuela/Reports-El-Palito-complex-still-offline-contradicting-PDVSA-statement_49936.html
February 18, 2013
Solvay has confirmed CW’s exclusive report that it plans to exit its Latin American polyvinyl chloride (PVC) business Indupa. The company reported Indupa as “assets held...
http://www.chemweek.com/regions/south_america/brazil/Solvay-to-sell-Latin-American-PVC-business-Indupa_49926.html
February 15, 2013
Dow Chemical has launched a $1.5-billion share buyback program. The buyback does not have an expiration date. “Going forward, our three priorities for uses of cash will remain...
http://www.chemweek.com/regions/north_america/Dow-launches-$1-5-billion-share-buyback_49906.html
February 15, 2013
Chemicals sector rail traffic in the US increased 1.6% year-on-year (YOY) during the week ended 9 February, to 29,816 cars, according to the Association of American Railroads (AAR...
http://www.chemweek.com/regions/north_america/US-chemicals-rail-traffic-down-1-6-percent_49905.html
February 15, 2013
Cambrex (East Rutherford, NJ) and Dow Chemical have executed an agreement for Cambrex to contract manufacture Dow hydroxypropyl methylcellulose acetate succinate for drug solubility...
http://www.chemweek.com/regions/north_america/us/Dow-and-Cambrex-collaborate-to-manufacture-drug-solubility-solution_49893.html
February 14, 2013
Intrepid Potash reported a 41% drop in net income for the fourth quarter , to $14.5 million. Earnings per share of 19 cts/share fell below analyst estimates of 24 cts/share, according...
http://www.chemweek.com/regions/north_america/Intrepid-Potash-reports-drop-in-net-income-rise-in-sales-in-fourth-quarter_49827.html
February 14, 2013
Invista started production at its expanded nylon salt polymer facility in Rozenburg, Netherlands.  “The addition of a salt facility in Rozenburg will provide our customers a...
http://www.chemweek.com/regions/north_america/Invista-starts-production-at-nylon-salt-plant-in-the-Netherlands_49830.html
February 14, 2013
Private equity firm Apollo Management has priced a public offering of 25 million shares in Apollo at $61.50/share. The sale by Apollo is the fourth block of LyondellBasell Industries'...
http://www.chemweek.com/regions/north_america/Apollo-culls-LyondellBasell-stake-again_49829.html
February 14, 2013
Koppers Holdings reports net income of $13.6 million—up from a loss of $14.2 million. Reported earnings of 66 cts/share were above analyst estimates of 60 cts/share, as reported...
http://www.chemweek.com/regions/north_america/Koppers-reports-record-railroad-and-utility-earnings-in-fourth-quarter_49822.html
February 14, 2013
ACC has “commended” the Obama Administration for its Executive Order on cybersecurity—which will better regulate cyber threats—saying it complements and builds...
http://www.chemweek.com/regions/north_america/ACC-supports-Obama-cybersecurity-executive-order_49809.html
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