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April 3, 2013
The closing of its wallcovering business, coating fabric manufacturing rationalization, and other charges drove Omnova Solutions’ earnings to a $200,000 loss in the quarter ended...
http://www.chemweek.com/home/top_of_the_news/Omnova-Solutions-reports-loss-on-lower-volumes_50921.html
April 3, 2013
W. R. Grace says it has acquired Chemind Construction Products (Brisbane, Australia), a privately held specialty manufacturer and distributor of waterproofing coatings technologies and...
http://www.chemweek.com/home/top_of_the_news/Grace-acquires-waterproofing-technology-and-capacity-in-Australia_50918.html
April 3, 2013
Arkema has acquired a majority stake in AEC Polymers (Bordeaux, France), a manufacturer of structural adhesives, Arkema announced today. The acquisition is in line with Arkema’s...
http://www.chemweek.com/home/top_of_the_news/Arkema-buys-majority-in-French-structural-adhesives-manufacturer_50916.html
April 3, 2013
Asahi Kasei Fibers (AKF), an Asahi Kasei subsidiary, says it will invest about ¥3 billion ($32 million) to build a new plant for the production of the company’s Bemberg cupro...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-to-build-cellulosic-fiber-facility-in-Japan_50913.html
April 2, 2013
John Rolando Evonik Industries has named John Rolando president of its North American subsidiary Evonik Corp., effective yesterday. Rolando, who has been with the company for over 25...
http://www.chemweek.com/home/top_of_the_news/Evonik-names-Rolando-president-of-North-American-business_50905.html
April 2, 2013
DuPont and the Department of Agriculture (USDA) have announced a new federal-private collaboration to safeguard natural resources on private lands used to grow corn stover for...
http://www.chemweek.com/home/top_of_the_news/DuPont-USDA-to-promote-sustainable-energy-crop-harvesting-practices_50891.html
April 2, 2013
Titan Kimia Nusantara (Jakarta), a subsidiary of Lotte (Seoul), plans to build a naphtha cracker complex near the company’s industrial plant at Merak, Indonesia, with capacity...
http://www.chemweek.com/home/top_of_the_news/Report-Lotte-subsidiary-to-build-naphtha-cracker-in-Indonesia_50884.html
April 2, 2013
Brenntag Schweizerhall (Basel, Switzerland), a subsidiary of Brenntag, will invest in a new sulfuric acid dilution plant at the Infrapark Baselland industrial park in Muttenz...
http://www.chemweek.com/home/top_of_the_news/Brenntag-invests-in-sulfuric-acid-dilution-plant-in-Switzerland-to-supply-Bayer-CropScience_50883.html
April 2, 2013
Toyo Engineering (Narashino, Japan) says it has been jointly awarded with the Engineering for the Petroleum & Process Industries (Enppi; Cairo), a contract to build a...
http://www.chemweek.com/home/top_of_the_news/Toyo-Engineering-awarded-contract-for-polyethylene-plant-in-Egypt_50880.html
April 2, 2013
The Ministry of Commerce, PRC (Mofcom; Beijing) says it extended antidumping measures for nonylphenol (NP) imported from India and Taiwan for a further five years, starting...
http://www.chemweek.com/home/top_of_the_news/China-extends-antidumping-measures-on-nonylphenol-from-India-and-Taiwan_50877.html
April 1, 2013
PPG Industries has completed the $1.05-billion purchase of AkzoNobel's North American architectural coatings business. The acquired business had 2012 sales of €1.19 billion ($1.57...
http://www.chemweek.com/home/top_of_the_news/PPG-completes-$1-05-billion-purchase-of-AkzoNobel-North-American-decorative-coatings-unit_50858.html
April 1, 2013
Momentive Performance Materials (MPM; Waterford, NY) and Momentive Specialty Chemicals (Columbus, OH) both announced fourth quarter results—reporting drops in sales and net losses on lower volumes and other factors. Both companies are owned by private equity firm Apollo Management....
http://www.chemweek.com/home/top_of_the_news/Momentive-reports-net-losses-sales-decreases_50857.html
April 1, 2013
Nippon Sheet Glass (NSG; Tokyo) has sold its 6.25% stake in FMC Wyoming, which contains most of FMC's soda ash and alkali operations, back to FMC for $80 million, NSG says. NSG...
http://www.chemweek.com/home/top_of_the_news/Nippon-Sheet-Glass-sells-soda-ash-stake-back-to-FMC_50828.html
April 1, 2013
Ferro has completed the sale of its pharmaceuticals business, Pfanstiehl Laboratories, to private equity firm Med Opportunity Partners (Greenwich, CT). Ferro will receive $16.9 million cash and an incentive payment of up to $8 million, payable over 2 years based on the business’ earnings performance....
http://www.chemweek.com/home/top_of_the_news/Ferro-sells-pharma-business_50856.html
March 28, 2013
Huntsman says it is investing a combined $135 million at two of its methylene diphenyl diisocyanate (MDI) manufacturing facilities—specifically, increasing capacity at its...
http://www.chemweek.com/home/top_of_the_news/Huntsman-invests-$135-million-in-MDI-updates_50686.html
March 28, 2013
Vinyls company Kem One (Lyon, France) has, as expected, been put into receivership by the commercial court of Lyon. The move follows a filing for insolvency with the court by Kem One's...
http://www.chemweek.com/home/top_of_the_news/Kem-One-enters-receivership-Arkema-denies-responsibility_50786.html
March 28, 2013
Ube Industries announced today that it will merge its two consolidated subsidiaries in the machinery business—Ube Machinery (Ube, Japan), and Ube Techno Eng (Ube). The merger...
http://www.chemweek.com/home/top_of_the_news/Ube-to-merge-machinery-business-subsidiaries_50785.html
March 28, 2013
Perstorp and Johnson Matthey say that Johnson Matthey has acquired Perstorp’s formaldehyde technology and catalyst business, Formox (Perstorp, Sweden), for 1.05 billion Swedish...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-acquires-Perstorps-formaldehyde-technology-and-catalyst-business_50783.html
March 28, 2013
Sumitomo Chemical says it has established a new wholly owned subsidiary called Sumitomo Chemical (Asia Pacific) at Singapore as its regional headquarters for the Southeast Asia, India...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-establishes-new-subsidiary-in-Singapore_50782.html
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