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Displaying 281 - 300 of 10514 stories.
November 13, 2014
Dow Chemical announced plans on 12 November to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. Dow announced the deals as part of a strategy update at its investor day in Lake Jackson, TX, where the company also announced plans to realign external reporting, increase its dividend, and expand a shareholder repurchase program....
http://www.chemweek.com/home/top_of_the_news/Dow-updates-strategy-as-Third-Point-raises-pressure_65419.html
November 13, 2014
Trinseo (Berwyn, PA; formerly Styron) reports a third-quarter loss of $10 million, down from a profit of $5 million in the year-ago period. Sales were flat year-over-year (YOY) at $1.3 billion. Higher SSBR volume and a favorable currency effects were offset by lower prices stemming mainly from lower raw material costs, says the company. Adjusted Ebitda declined 14% YOY to $62 million, the result of lower styrene monomer production margins, lower equity affiliate income, partially offset by well-timed raw material purchases, higher solution-polymerized styrene butadiene rubber (S-SBR) sales volume, and currency effects....
http://www.chemweek.com/home/top_of_the_news/Trinseo-swings-to-loss-on-poor-styrene-margins_65426.html
November 13, 2014
Brazil's competition authority CADE (Brasilia) has rejected Braskem's proposed acquisition of Solvay's 70.59% stake in chlorvinyls company Solvay Indupa (Buenos Aires). The decision...
http://www.chemweek.com/home/top_of_the_news/Brazil-blocks-Braskems-acquisition-of-Solvay-Indupa-update-adds-Braskem-comment_65343.html
November 13, 2014
Japan Polypropylene (JPP; Tokyo), a joint venture between Japan Polychem—a subsidiary of Mitsubishi Chemical—and JNC Corp. (Tokyo), has announced an expansion of...
http://www.chemweek.com/home/top_of_the_news/Japan-Polypropylene-to-expand-compounding-capacity-in-US-China_65367.html
November 13, 2014
Eastman Chemical is forecasting 8–12% annual growth for the next 3 years. Earnings in 2014 are expected to approach $7/share, up from $6.44 in 2013, with 2015 earnings growth...
http://www.chemweek.com/home/top_of_the_news/Eastman-forecasts-strong-earnings-growth-through-2017_65370.html
November 13, 2014
Air Products says that its site in the Xi’an High-tech Zone (XHTZ) in Shaanxi Province, China, was recently brought fully onstream to supply bulk gases, as previously announced...
http://www.chemweek.com/home/top_of_the_news/Air-Products-Xian-site-onstream-to-supply-gases-to-Samsung-Electronics_65344.html
November 13, 2014
EuroChem (Zug, Switzerland), one of the largest global fertilizer producers, today reported third-quarter net loss of $240 million compared with net profit of $93 million in the...
http://www.chemweek.com/home/top_of_the_news/EuroChem-reports-net-loss-on-sharp-depreciation-of-the-Russian-ruble-progresses-potash-projects_65365.html
November 13, 2014
Invista said today that a Hong Kong court recently entered a judgment in Invista’s favor in a butanediol (BDO) trade secret lawsuit against Pioneer Tech Enterprise. The...
http://www.chemweek.com/home/top_of_the_news/Hong-Kong-court-rules-in-Invistas-favor-in-BDO-licensing-case-in-China_65359.html
November 13, 2014
Engineering & construction group AMEC (London) today announced the completion of the £5 billion ($7.9 billion) merger with Foster Wheeler, creating Amec Foster Wheeler...
http://www.chemweek.com/home/top_of_the_news/AMEC-and-Foster-Wheeler-combine-into-Amec-Foster-Wheeler_65355.html
November 13, 2014
The United States International Trade Commission (ITC) has determined that imports of refrigerant gas R-134a from China do not harm the US industry. As a result, no antidumping or...
http://www.chemweek.com/home/top_of_the_news/US-ITC-rules-against-antidumping-duties-on-imports-of-refrigerant-gases-from-China_65354.html
November 13, 2014
Two new liquefied natural gas (LNG) powered sea vessels were launched on Teesside today. Operated by shipowner Anthony Veder, the new ships will carry liquefied ethylene gas from...
http://www.chemweek.com/home/top_of_the_news/New-vessels-launched-to-ship-Sabics-ethylene-produced-in-the-UK_65311.html
November 13, 2014
Potash producer K+S (Kassel, Germany) today reported a 1.1% increase in third-quarter revenues to €826.9 million ($1.03 billion) with Ebitda advancing 6.5% to €187.0 million...
http://www.chemweek.com/home/top_of_the_news/K+S-reports-improved-third-quarter-results-upgrades-forecast_65351.html
November 13, 2014
Solvay today reported third-quarter net income of €133.0 million ($165.7 million), up 12% year-on-year (YOY), on sales 7.9% higher at €2.59 billion. Recurring Ebitda...
http://www.chemweek.com/home/top_of_the_news/Solvay-reports-higher-income-and-revenues-will-seek-alternative-options-to-sell-Indupa_65345.html
November 13, 2014
Merck KGaA today reported a 26.7% slide in third-quarter net income to €248.8 million ($310.1 million) on 9.3% higher sales of €2.9 billion. Ebitda was down 1.9% to...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-reports-lower-net-income-higher-sales-raises-sales-guidance_65346.html
November 12, 2014
Technip said today that it has entered into a contract to supply its Technip Stone & Webster ethylene technology and process design package for a previously announced grassroots...
http://www.chemweek.com/home/top_of_the_news/Technip-to-provide-technology-for-Ascents-ethylene-plant_65076.html
November 12, 2014
Technip said today that Sasol has awarded it a contract to provide engineering and procurement services for eight Technip proprietary Ultra Selective Conversion furnaces for a...
http://www.chemweek.com/home/top_of_the_news/Sasol-awards-ethylene-furnace-contract-to-Technip_65044.html
November 12, 2014
A US subsidiary of the pharma group Aurobindo (Hyderabad, India) headquartered at Dayton, NJ, says it is the highest bidder for the acquisition of nutritional supplement producer...
http://www.chemweek.com/home/top_of_the_news/Aurobindo-Pharma-to-acquire-US-nutritional-supplements-company-Natrol_65310.html
November 12, 2014
AkzoNobel is working with Enerkem (Montreal) to explore the use of waste streams as a feedstock for producing chemical and to develop waste-to-chemicals facilities. AkzoNobel says it...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-and-Dutch-partners-work-with-Enerkem-to-explore-waste-to-chemicals-production_65309.html
November 12, 2014
Enterprise Products Partners and Oiltanking Partners have concluded the agreement that will merge the two companies, under a $6-billion deal announced on 1 October. Each share in Oiltanking will be exchanged for 1.3 shares in Enterprise, a 10.4% premium based on closing prices on 10 November, says Enterprise. Enterprise expects the merger to be completed in early 2015....
http://www.chemweek.com/home/top_of_the_news/Enterprise-Oiltanking-reach-merger-agreement_65320.html
November 12, 2014
Adama Agricultural Solutions, the leading off-patent crop protection company, has announced the commencement of marketing of its initial public offering of shares, which are expected...
http://www.chemweek.com/home/top_of_the_news/Adama-proceeds-with-plans-to-list-on-New-York-Stock-Exchange_65308.html
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