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March 4, 2014
Amcol announced today that it has approved a revised bid from Imerys, valuing the company at $45.25/share. The announcement comes the day after Minerals Technologies (MTI) submitted a...
http://www.chemweek.com/home/top_of_the_news/Amcol-and-Imerys-agree-to-amended-$45-25share-merger_59325.html
March 4, 2014
Sensient Technologies announced today that it is initiating a new restructuring program, which will consolidate manufacturing plants and “eliminate underperforming...
http://www.chemweek.com/home/top_of_the_news/Sensient-announces-further-restructuring-raises-dividend_59323.html
March 4, 2014
Arkema today reported fourth-quarter and full-year 2013 results and said it is confident to grow Ebitda in 2014.  Adjusted net income from continuing operations in the fourth...
http://www.chemweek.com/home/top_of_the_news/Arkema-reports-lower-Ebitda-in-fourth-quarter-and-full-year-outlines-investments_59295.html
March 4, 2014
Syngenta today announced that Elatus, a foliar fungicide, has been approved by the Brazilian authorities. Elatus is one of the company’s succinate dehydrogenase inhibiting (SDHI)...
http://www.chemweek.com/home/top_of_the_news/Brazil-approves-Syngentas-SDHI-fungicide-Elatus_59288.html
March 4, 2014
Total says it is looking to build a world-scale petrochemical complex in Iraq as part of its strategy to grow its Mideast operations. Total is already a joint venture partner in...
http://www.chemweek.com/home/top_of_the_news/Total-plans-to-build-petrochemical-complex-in-Iraq_59304.html
March 4, 2014
Novamont (Novara, Italy) has acquired a 78% stake in Mater-Biopolymer (Patrica, Italy), a unit of the Mossi & Ghisolfi (M&G; Tortona, Italy) group, Novamont announced...
http://www.chemweek.com/home/top_of_the_news/Novamont-buys-majority-of-PET-biobased-polyester-company-from-M-and-G_59296.html
March 4, 2014
Siegfried (Zofingen, Switzerland) reports a more than doubling in net profits for 2013, compared with 2012, to 53.9 million Swiss francs ($61 million), mainly because of a favorable...
http://www.chemweek.com/home/top_of_the_news/Siegfried-reports-huge-rise-in-profits_59291.html
March 3, 2014
Rockwood Holdings today announced its fourth-quarter results—up on improved surface treatment and lithium, as well as lower interest expenses. However, net income of $14.8...
http://www.chemweek.com/home/top_of_the_news/Rockwood-sales-up-on-surface-treatment-improvement_59269.html
March 3, 2014
Saudi International Petrochemical Co. (Sipchem; Al Khobar) today announced that it is commencing initial startup of cable insulation polymers plant owned by its affiliate, Gulf...
http://www.chemweek.com/home/top_of_the_news/Sipchem-begins-startup-of-cable-polymers-plant-in-Saudi-Arabia_59267.html
March 3, 2014
Muntajat BV (The Hague), the international marketing arm of Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat; Doha) has opened five international marketing...
http://www.chemweek.com/home/top_of_the_news/Muntajat-opens-five-trading-offices-plans-to-open-many-more_59265.html
March 3, 2014
Output of chemicals was stagnant in the European Union in 2013, Cefic says. Zero growth in 2013 meant that the sector remained 6.4% below the pre-financial crisis, full-year peak level...
http://www.chemweek.com/home/top_of_the_news/EU-chemicals-output-was-stagnant-in-2013-Cefic-says_59264.html
March 3, 2014
Toray Industries says it has completed the previously announced acquisition of the entire stake in Zoltek (St. Louis), a company that manufactures and sells large-tow carbon fibers...
http://www.chemweek.com/home/top_of_the_news/Toray-completes-acquisitions-of-US-carbon-fiber-firm-Zoltek-and-South-Korean-firm-Woongjin-Chemical_59257.html
March 3, 2014
BASF says it will build a new world-scale production plant to manufacture specialty amines at its existing wholly-owned site in the Nanjing Chemical Industry Park, at Nanjing, China...
http://www.chemweek.com/home/top_of_the_news/BASF-to-build-specialty-amines-plant-in-China_59256.html
March 2, 2014
Repsol’s petrochemical operations are expected to break even in 2014 after a difficult year and a negative result in 2013. This was due mainly to a scheduled maintenance...
http://www.chemweek.com/home/top_of_the_news/Repsols-petchem-business-expected-to-break-even_59252.html
March 2, 2014
The Kuwait Styrene Co., (TKSC) today reported a net profit of $180 million for the fiscal year ending 31 December 2013. “Despite several challenges, these profits exceeded the...
http://www.chemweek.com/home/top_of_the_news/Kuwait-Styrene-reports-record-sales-and-profit-on-higher-demand_59249.html
March 1, 2014
Equate Petrochemical Co. (Equate; Kuwait City), a joint venture between Petrochemical Industries Co., Dow and the local Boubyan Petrochemical Co., and Qurain Petrochemical Industries...
http://www.chemweek.com/home/top_of_the_news/Equate-reports-record-results-aims-to-become-more-global_59248.html
February 28, 2014
House Energy and Commerce Environment and the Economy Subcommittee chairman John Shimkus (R., IL) unveiled draft legislation to update the Toxic Substances Control Act (TSCA). Shimkus says in a statement that the bill is a discussion draft and “keys off a bipartisan bill [Chemical Safety Improvement Act (CSIA)] introduced in the Senate.”...
http://www.chemweek.com/home/top_of_the_news/House-introduces-draft-TSCA-reform-bill_59233.html
February 28, 2014
Solvay and Ineos say they have offered the European Commission a revised remedy package, consisting of substantial asset divestments, to secure the commission's approval for the...
http://www.chemweek.com/home/top_of_the_news/Solvay-Ineos-sweeten-divestment-package-offered-to-secure-EU-Commission-approval-for-chlorvinyls-JV_59224.html
February 28, 2014
Huntsman announced today that it expects the European Commission to open a phase II investigation of its proposed acquisition of Rockwood’s performance additives and...
http://www.chemweek.com/home/top_of_the_news/European-Commission-expected-to-conduct-extended-review-of-Huntsman-Rockwood-pigments-deal_59232.html
February 28, 2014
Mexichem (Tlalnepantla, Mexico) reports a net loss of $27.9 million for the fourth quarter of 2013,compared with $14.4 million in the year-ago quarter. Although sales increased 17% year-over-year (YOY) to $1.27 billion, cost of sales increased 31% YOY, reducing gross profit by $35 million....
http://www.chemweek.com/home/top_of_the_news/Mexichem-swings-to-fourth-quarter-loss-of-$28-million_59234.html
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