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June 26, 2015
Showa Denko on Friday announced that it established a wholly owned subsidiary called Aica SDK Phenol (Isesaki, Japan) in May. Also, in a board meeting held Friday, it was decided to...
http://www.chemweek.com/home/top_of_the_news/Showa-Denko-separates-phenolic-resins-business-prior-to-sale-to-Aica-Kogyo_71682.html
June 26, 2015
Via an agreement, Bermuda-registered Petredec has secured $186.3 million from KfW IPEX-Bank (Frankfurt) to finance constructing four handysize gas carriers, the bank says. Handysize...
http://www.chemweek.com/home/top_of_the_news/Petredec-secures-financing-to-build-four-gas-carriers_71679.html
June 26, 2015
PTT Global Chemical (PTTGC; Bangkok) on Friday informed the Stock Exchange of Thailand that the board of directors of parent PTT has approved the acquisition by PTTGC of a 50% stake in...
http://www.chemweek.com/home/top_of_the_news/PTT-Global-Chemical-acquires-50-percent-stake-in-PTT-Polymer-Logistics_71696.html
June 26, 2015
OCI NV (Amsterdam), a major producer of nitrogen fertilizers and industrial chemicals, has reached agreement to acquire BioMCN, a methanol producer and pioneer in biomethanol...
http://www.chemweek.com/home/top_of_the_news/OCI-gains-methanol-foothold-in-Europe-through-acquisition-of-BioMCN_71224.html
June 26, 2015
OCI NV (Amsterdam) on Tuesday announced it has closed the acquisition of BioMCN, a methanol producer and pioneer in biomethanol production based at Delfzijl, Netherlands for €15...
http://www.chemweek.com/home/top_of_the_news/OCI-NV-closes-BioMCN-methanol-acquisition_71340.html
June 26, 2015
AkzoNobel says that its performance coatings business is investing about €3 million ($3.4 million) to expand its research and development facilities at Houston. The upgraded...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-expands-performance-coatings-research-facility-in-Houston_71690.html
June 25, 2015
In what has become a fight for global share of the potash market, PotashCorp, the world’s largest producer of fertilizers by capacity, is in the process of making a bid for K+S...
http://www.chemweek.com/home/top_of_the_news/PotashCorp-bids-to-acquire-European-rival-K+S_71642.html
June 25, 2015
US producers of hydrofluorocarbons (HFCs) have asked for antidumping duties on imports originating in China. An industry group, the American HFC Coalition, says it has filed a petition with the US Department of Commerce and the US International Trade Commission, alleging that underpriced blends and components from China are being imported into the US market with dumping margins ranging from 100% to more than 300%....
http://www.chemweek.com/home/top_of_the_news/US-producers-of-HFCs-allege-dumping-by-China-ask-for-duties_71663.html
June 25, 2015
Evonik Industries has confirmed that its supervisory board, at a meeting held today, resolved unanimously to end the term of office of executive board member and COO Patrik...
http://www.chemweek.com/home/top_of_the_news/Evonik-terminates-COOs-contract_71668.html
June 25, 2015
Production of phenol and acetone at Borealis’s Porvoo, Finland site is not expected to return to normal levels until the second week of July, a company statement said Thursday...
http://www.chemweek.com/home/top_of_the_news/Borealis-phenol-acetone-production-expected-to-return-to-normal-in-July_71612.html
June 25, 2015
Polystyrene (PS) imports into Europe have been on the rise and inflated regional styrene values have dented profitability. Trade data released by Eurostat (Brussels) for the 28 EU...
http://www.chemweek.com/home/top_of_the_news/PS-imports-into-Europe-increase-significantly_71611.html
June 25, 2015
Rare-earths miner Molycorp today filed for Chapter 11 bankruptcy protection for most of US operations, in order to restructure its $1.7 billion in debt obligations. Under the...
http://www.chemweek.com/home/top_of_the_news/Molycorp-files-for-Chapter-11-bankruptcy-to-transfer-control-to-creditors_71610.html
June 25, 2015
Thermo Fisher Scientific (Waltham, MA) today announced that it has signed a definitive agreement to acquire Johnson Matthey’s research chemicals business, Alfa Aesar (Heysham...
http://www.chemweek.com/home/top_of_the_news/Thermo-Fisher-to-acquire-Johnson-Mattheys-research-chemicals-business-for-$403-million_71609.html
June 25, 2015
China’s imports of benzene, para-xylene (p-xylene), styrene, and toluene fell sharply in May compared with April and mixed xylene imports were almost flat, data obtained by IHS...
http://www.chemweek.com/home/top_of_the_news/Chinas-aromatics-imports-fall-sharply-in-May_71595.html
June 25, 2015
Novasep (Pompey, France), a supplier of services and technologies for the life sciences and chemical industries, today announced that it will build a fully integrated antibody drug...
http://www.chemweek.com/home/top_of_the_news/Novasep-to-build-ADC-facility-in-France_71604.html
June 24, 2015
PPG Industries says that it has reached a definitive agreement to acquire IVC Industrial Coatings (Brazil, IN), a specialty powder and liquid coatings manufacturer. Financial terms of...
http://www.chemweek.com/home/top_of_the_news/PPG-to-acquire-IVC-Industrial-Coatings_71175.html
June 24, 2015
DuPont says it has increased compounding capacity for glass-reinforced nylon at its Uentrop facility in Hamm, Germany, by 20% to meet growing demand from the auto industry....
http://www.chemweek.com/home/top_of_the_news/DuPont-increases-nylon-polymer-capacity-at-Hamm-by-20-percent_71333.html
June 24, 2015
Elementis said Wednesday that earnings would fall below market forecasts, citing sharply lower sales of additives to the US oilfield drilling market and weakness in certain segments in China and Latin America. The company’s shares fell 17% on 24 June, closing at 257.60p...
http://www.chemweek.com/home/top_of_the_news/Elementis-hurt-by-decline-in-oil-projects-in-North-America_71558.html
June 24, 2015
Sumitomo Chemical is merging its petrochemicals and feedstocks division with that of organic chemicals to create a single organic chemicals division, the company announced on...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-merges-petchems-divisions-following-Chiba-cracker-closure_71388.html
June 24, 2015
PhosAgro (Moscow) and Orica (Melbourne) today signed a 10-year contract covering drilling and blasting work at the open-pit sites of PhosAgro’s major phosphate production...
http://www.chemweek.com/home/top_of_the_news/Orica-PhosAgro-sign-major-long-term-contract_71441.html
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