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July 1, 2015
CF Industries (Deerfield, IL) and Yara International (Oslo) today announced that CF will acquire Yara’s 50% equity interest in their equally owned GrowHow UK (Ince, UK)...
http://www.chemweek.com/home/top_of_the_news/CF-Industries-buys-out-Yara-in-GrowHow-UK-joint-venture-for-$580-million_71793.html
July 1, 2015
Borealis and Nexeo Solutions, a leader in plastics distribution, have announced an agreement to extend and further develop their existing partnership. Borealis is emphasizing the rigid...
http://www.chemweek.com/home/top_of_the_news/Borealis-and-Nexeo-extend-plastics-distribution-partnership_71791.html
June 30, 2015
Optima Chemical, an affiliate of Charkit Chemical (Norwalk, CT), has acquired certain manufacturing assets in Belle, WV from Chemours, the performance chemicals business of...
http://www.chemweek.com/home/top_of_the_news/Optima-Chemical-acquires-certain-Chemours-manufacturing-assets-at-Belle-WV_71782.html
June 30, 2015
Private equity firm Arsenal Capital has acquired Peach State Labs (Rome, GA), a maker of specialty polymers used in flooring, textiles, coatings, consumer products, leather...
http://www.chemweek.com/home/top_of_the_news/Arsenal-acquires-Peach-State-Labs_71781.html
June 30, 2015
North America's styrene producers have this month been trying to lock in margins by selling material for forward months because of strong styrene spot prices and relatively low benzene...
http://www.chemweek.com/home/top_of_the_news/North-Americas-styrene-producers-seek-to-lock-in-margins-through-August_71778.html
June 30, 2015
The US July benzene contract settled higher today as expected, following the year-to-date spot-price highs seen last week that came on the back of heavy producer interest due to recent...
http://www.chemweek.com/home/top_of_the_news/US-July-benzene-contract-up-as-expected-following-spot-highs_71779.html
June 30, 2015
Petrobras (Rio de Janeiro) will cut its investments by 37% over the next five years, according to the company's business plan presented by Aldemir Bendine, CEO. The company anticipates...
http://www.chemweek.com/home/top_of_the_news/Petrobras-slashes-investment-budget-for-2015-19-citing-fall-in-oil-prices_71767.html
June 30, 2015
Sirius Minerals (London) has won final planning permission for its $3 billion York Potash project near Whitby in the north of England, four years after the plan was first revealed. The...
http://www.chemweek.com/home/top_of_the_news/Sirius-wins-final-planning-permission-for-controversial-UK-potash-project_71780.html
June 30, 2015
Uralkali (Berezniki, Russia), one of the world’s largest producers of potash, on Monday reported significantly lower first-quarter production and revenues. Net revenue was down...
http://www.chemweek.com/home/top_of_the_news/Uralkali-reports-lower-revenues-launches-major-investment-plan-to-keep-market-share_71741.html
June 30, 2015
PPG Industries today announced that it has completed a $5-million expansion at its coatings manufacturing facility at Wuppertal, Germany. The project has increased production capacity...
http://www.chemweek.com/home/top_of_the_news/PPG-completes-coatings-expansion-in-Germany_71762.html
June 30, 2015
The benzene contract price for July has settled in Europe at $882/m.t., up about $112 on June's price. June prices have averaged $835–849/m.t. cif Amsterdam-Rotterdam-Antwerp...
http://www.chemweek.com/home/top_of_the_news/Europe-July-benzene-contract-settles-up-$112_71768.html
June 30, 2015
Givaudan (Vernier, Switzerland), a leading fragrance and flavor company, says that on Tuesday it opened a world-class savory flavors manufacturing facility at Nantong, China. Givaudan...
http://www.chemweek.com/home/top_of_the_news/Givaudan-completes-doubling-of-flavors-capacity-in-China_71753.html
June 30, 2015
Greece and its official creditors have been locked in negotiations since early 2015 on the release of the final tranche of funding under the country's second bailout. IHS expects an...
http://www.chemweek.com/home/top_of_the_news/Grexit-would-have-little-impact-on-Europes-petchem-industry-IHS_71765.html
June 30, 2015
CB&I says that it has been awarded a contract valued at about $115 million by Ingleside Ethylene—a 50-50 joint venture between OxyChem (Dallas) and Mexichem (Tlalnepantla...
http://www.chemweek.com/home/top_of_the_news/CB-and-I-awarded-contract-for-ethylene-storage-facility-by-OxyChem-Mexichem-JV_71763.html
June 30, 2015
Evonik Industries announced on Tuesday that it has divested its remaining 10.3% stake in the residential real estate company Vivawest to RAG. Evonik, following the transaction, which...
http://www.chemweek.com/home/top_of_the_news/Evonik-divests-stake-in-real-estate-firm-to-focus-on-specialty-chemicals_71759.html
June 30, 2015
BASF and Fraunhofer IPMS-CNT (Dresden, Germany) announced on Tuesday that they have joined forces to develop new solutions for the semiconductor industry. BASF has installed a modern...
http://www.chemweek.com/home/top_of_the_news/BASF-and-German-institute-join-forces-to-develop-electronic-materials_71756.html
June 30, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired flavors company Foote & Jenks (Camden, NJ) for about $4 million. Foote &...
http://www.chemweek.com/home/top_of_the_news/Frutarom-acquires-US-flavors-company_71754.html
June 30, 2015
BASF says that, on Tuesday, it launched its first online store on Alibaba’s e-commerce platform to make its products more accessible to small and medium-size enterprises (SMEs)...
http://www.chemweek.com/home/top_of_the_news/BASF-opens-online-store-on-Alibaba_71751.html
June 30, 2015
Prompt benzene spot prices were down in the United States on 29 June, but market participants expect the July benzene contract to settle higher. The July benzene contract settlement is...
http://www.chemweek.com/home/top_of_the_news/US-benzene-contract-expected-to-firm-despite-spot-market-declines_71727.html
June 29, 2015
Saudi Arabian Fertilizer Co. (Safco), a Sabic affiliate, on Monday said that its mechanically completed, world-scale urea plant is still undergoing trial runs. As a result, the company...
http://www.chemweek.com/home/top_of_the_news/Safco-again-delays-commissioning-of-urea-plant_71739.html
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