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June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/home/top_of_the_news/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
June 27, 2014
DuPont cut its second-quarter and full-year earnings outlook, citing a lower-than-expected quarterly performance from its agriculture segment and, to a lesser extent, its performance...
http://www.chemweek.com/home/top_of_the_news/DuPont-cuts-outlook-on-weak-ag-results_62090.html
June 27, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) priced its initial public offering at €21/ordinary share ($28.65)—the middle of the previously announced price range...
http://www.chemweek.com/home/top_of_the_news/IMCDs-IPO-priced-in-middle-of-announced-range_62129.html
June 27, 2014
Saudi Kayan, a Sabic affiliate, has begun trial runs at its natural detergent alcohols plant at Al Jubail. Full commercial production is expected to be achieved in the next six months...
http://www.chemweek.com/home/top_of_the_news/Saudi-Kayan-starts-up-detergent-alcohols-plant_62126.html
June 27, 2014
Braskem plans to build an ultrahigh molecular weight polyethylene (UHMWPE) plant at its La Porte, TX, site, the company announced today. Groundbreaking for the new plant will take...
http://www.chemweek.com/home/top_of_the_news/Braskem-to-build-UHMWPE-plant-at-Texas-site_62124.html
June 27, 2014
EuroChem (Moscow), Russia’s leading fertilizer producer, has lost an initial case in an Amsterdam court against Dutch-registered IMR, whose affiliate Shaft Sinkers (Sandton...
http://www.chemweek.com/home/top_of_the_news/EuroChem-loses-initial-court-case-against-potash-contractor_62121.html
June 27, 2014
Acron (Velikiy Novgorod, Russia), a producer of fertilizers; and the Rio Tinto group have formed a joint venture to evaluate developing their jointly held potash properties in...
http://www.chemweek.com/home/top_of_the_news/Acron-and-Rio-Tinto-form-JV-to-develop-Albany-potash-deposit-in-SK_62120.html
June 27, 2014
Evonik Industries has appointed Christian Kullmann to the executive board, effective 1 July. Kullmann becomes chief strategic officer responsible for corporate strategy and corporate...
http://www.chemweek.com/home/top_of_the_news/Evonik-appoints-new-board-member-in-charge-of-strategy_62117.html
June 27, 2014
The future of Europe's polyolefin value chain lies in making it inclusive of future generations of employees, says Koos van Haasteren, executive v.p. at Sabic Europe. In a keynote...
http://www.chemweek.com/home/top_of_the_news/PEPP-2014-The-future-of-Europes-polyolefin-value-chain-lies-in-sustainability-related-opportunities_62037.html
June 26, 2014
Monsanto today reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. The company also announced plans to repurchase $10-billion in shares as part of plans for a more aggressive debt and capital structure....
http://www.chemweek.com/home/top_of_the_news/Monsanto-beats-estimates-despite-fall-in-net-income-plans-$10-billion-share-buyback_62016.html
June 26, 2014
The executive board of Evonik Industries today presented plans to the supervisory board to reorganize the group structure. The company says that the executive board plans to...
http://www.chemweek.com/home/top_of_the_news/Evonik-Industries-to-reorganize-group-structure-in-response-to-tougher-competition_62050.html
June 26, 2014
Afton Chemical (Richmond, VA), part of NewMarket Corp., has held a ground breaking ceremony for a previously announced chemical additives manufacturing facility on Jurong Island...
http://www.chemweek.com/home/top_of_the_news/Afton-Chemical-breaks-ground-on-Singapore-project_62049.html
June 26, 2014
Specialty chemicals distributor IMCD Group (Rotterdam) and its main shareholder, private equity firm Bain Capital, say they have decided, due to "significant demand," to...
http://www.chemweek.com/home/top_of_the_news/IMCD-increases-number-of-shares-offered-in-IPO-by-10-percent_62046.html
June 26, 2014
Haldor Topsøe is establishing an automotive catalyst production facility in Brazil, the company announced today. It will focus on manufacturing catalysts that can remove...
http://www.chemweek.com/home/top_of_the_news/Haldor-Topsøe-to-build-automotive-catalysts-plant-in-Brazil_62045.html
June 26, 2014
Ineos and Solvay say that they have signed a definitive agreement to create their previously announced chlorvinyls joint venture, and that they will name the jv Inovyn. The jv is...
http://www.chemweek.com/home/top_of_the_news/Ineos-Solvay-sign-agreement-for-chlorvinyls-JV-to-be-named-Inovyn_62042.html
June 26, 2014
Sabic and Mitsubishi Rayon, partners in an equally-owned methyl methacrylate (MMA) and polymethyl methacrylate (PMMA) manufacturing joint venture in Saudi Arabia, earlier this...
http://www.chemweek.com/home/top_of_the_news/Sabic-Mitsubishi-Rayon-jv-awards-contract-for-delayed-MMA-PMMA-project-in-Saudi-Arabia_62043.html
June 26, 2014
Bayer MaterialScience’s (BMS) polyurethane systems house Bayer Pearl has broken ground for its new headquarters in the Dubai Investments Park, which will be the site of the...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-and-Pearl-Insulation-break-ground-for-Dubai-project_62044.html
June 26, 2014
H.B. Fuller says that it has signed an agreement to acquire Tonsan Adhesive (Beijing). Tonsan, which was founded in 1993, specializes in R&D, manufacturing and sale of engineering...
http://www.chemweek.com/home/top_of_the_news/H-B-Fuller-to-acquire-Chinese-firm-Tonsan-Adhesive-for-$225-million_62041.html
June 25, 2014
Asia will remain the main demand region for polyolefins, and its share of worldwide polyolefin consumption will exceed 50% by 2020, with China representing well over half of this...
http://www.chemweek.com/home/top_of_the_news/PEPP-2014-Asia-will-continue-to-drive-demand-growth-for-polyolefins_62020.html
June 25, 2014
EPA today released its final risk assessment for trichloroethylene (TCE)—the first such assessment to be completed as part of the agency’s Toxic Substances Control Act...
http://www.chemweek.com/home/top_of_the_news/EPA-issues-final-risk-assessment-for-TCE_62040.html
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