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March 3, 2015
KVK-Tech (Newtown, PA), a leading developer, manufacturer, and marketer of specialty pharmaceuticals, says it has entered into an agreement to purchase Lockheed Martin’s Newtown...
http://www.chemweek.com/home/top_of_the_news/Pharma-company-buys-Lockheed-Martins-Newtown-PA-site_68263.html
March 3, 2015
Merck KGaA (Darmstadt, Germany) today reported an increase in fourth-quarter and full-year earnings and revenues and provided a positive outlook for 2015. Fourth-quarter Ebitda pre...
http://www.chemweek.com/home/top_of_the_news/Acquisitions-boost-Merck-KGaAs-sales-and-earnings_68257.html
March 3, 2015
Asahi Kasei says that its board of directors today decided to absorb three wholly owned subsidiaries — Asahi Kasei Chemicals (AKC), Asahi Kasei Fibers (AKF), and Asahi Kasei...
http://www.chemweek.com/home/top_of_the_news/Asahi-Kasei-to-absorb-chemicals-fibers-and-electronic-materials-subsidiaries_68261.html
March 3, 2015
DSM today announced that it has finalized the previously announced sale of its Euroresins business to Cathay Investments (Sutton, UK). Euroresins distributes products to the composite...
http://www.chemweek.com/home/top_of_the_news/DSM-completes-sale-of-resins-distribution-business-to-UK-firm_68255.html
March 3, 2015
Sika (Baar, Switzerland) says that it has agreed to acquire mortar producer BMI Products (Milpitas, CA), a company active in production and sales of a full range of mortar products and...
http://www.chemweek.com/home/top_of_the_news/Sika-acquires-US-based-mortar-producer-BMI_68254.html
March 2, 2015
Bayer MaterialScience said today that it is expanding its composite materials business through the acquisition of Thermoplast Composite (TCG; Langenfeld, Germany), a technology leader...
http://www.chemweek.com/home/top_of_the_news/Bayer-MaterialScience-acquires-composite-materials-company_68246.html
March 2, 2015
Axiall says that George Biltz, the company’s chief strategy officer since August 2013, has resigned, effective mid-month. Biltz has accepted the position of CEO at another company in the chemical industry....
http://www.chemweek.com/home/top_of_the_news/George-Biltz-leaves-Axiall-to-take-CEO-position_68226.html
March 2, 2015
Bayer today reported a 7.4% rise in 2014 net income to €3.43 billion ($3.89 billion) on 5.2% higher sales of €42.24 billion. Adjusted for currency and portfolio effects...
http://www.chemweek.com/home/top_of_the_news/Bayer-reports-improved-results-will-decide-on-spinoff-or-IPO-of-MaterialScience_68107.html
March 2, 2015
Chemical output in European rose by a paltry 0.3% in 2014, compared with the previous year, according to the latest Cefic Chemicals Trends Report. European chemical sales clawed back...
http://www.chemweek.com/home/top_of_the_news/EU-chemicals-growth-stagnant-in-2014-Cefic_68187.html
March 2, 2015
Braskem has entered into a new six-month contract to receive naphtha feedstock from Petrobras. The new contract is valid until 31 August 2015, and the price will be adjusted...
http://www.chemweek.com/home/top_of_the_news/Braskem-signs-new-six-month-naphtha-supply-contract-with-Petrobras_68224.html
March 2, 2015
India plans to reduce customs duties on a range of petrochemical products and feedstocks, such as styrene monomer and naphtha, when its fiscal year 2015-16 begins on 1 April, the...
http://www.chemweek.com/home/top_of_the_news/India-to-cut-customs-duties-on-products-including-styrene-naphtha_68220.html
March 2, 2015
China was the leading destination for benzene exports from South Korea for a second straight month in February, data obtained by IHS Chemical show. More than 98,000 m.t. of...
http://www.chemweek.com/home/top_of_the_news/China-retains-top-spot-for-benzene-exports-from-Korea_68213.html
March 2, 2015
AkzoNobel says that it has recently broken ground on a new alkoxylation facility at Ningbo, China, bringing the company’s total investment in the Ningbo multi-site to more than...
http://www.chemweek.com/home/top_of_the_news/AkzoNobel-builds-alkoxylation-facility-at-Ningbo_68223.html
March 2, 2015
Borealis today reported a 5% decline in fourth-quarter net profit to €141 million ($157.9 million) on 6% lower sales of €1.98 billion. Full-year 2014 net profit, however, was...
http://www.chemweek.com/home/top_of_the_news/Borealis-reports-record-net-profit-in-2014-warns-of-lower-profit-this-year_68219.html
March 2, 2015
Vopak says that it has completed the previously announced sale of three terminals and a plot of land in the United States, to energy infrastructure company Kinder Morgan (Houston), for...
http://www.chemweek.com/home/top_of_the_news/Vopak-completes-sale-of-three-terminals-and-land-in-US_68218.html
March 2, 2015
Solvay announced today that it has signed a global license agreement with the polymer technology company Revolymer (Deeside, Flintshire, UK) to exclusively apply its encapsulation...
http://www.chemweek.com/home/top_of_the_news/Solvay-signs-technology-deal-to-boost-performance-of-organic-peroxide-Eureco_68217.html
March 2, 2015
Orica (Melbourne) says that it has completed the previously announced sale of the company’s chemicals business to funds advised by private equity firm Blackstone (New York), for...
http://www.chemweek.com/home/top_of_the_news/Orica-completes-sale-of-chemicals-business-to-Blackstone_68216.html
March 2, 2015
GlaxoSmithKline announced today that it has completed its three-part transaction with Novartis, first announced in April last year. GSK, as part of the deal, has acquired...
http://www.chemweek.com/home/top_of_the_news/GSK-completes-major-three-part-asset-swap-with-Novartis-reshaping-both-companies_68214.html
March 2, 2015
Clariant today announced that it has completed the previously announced divestment of its battery materials business to Johnson Matthey, for $75 million. Plans for the sale were first...
http://www.chemweek.com/home/top_of_the_news/Johnson-Matthey-completes-acquisition-of-Clariants-battery-materials-business_68211.html
March 1, 2015
Potash West (PWN; Belmont, Australia), an exploration company focused on developing greensand deposits in Western Australia’s Perth basin, has acquired a 25% stake in a new...
http://www.chemweek.com/home/top_of_the_news/Potash-West-acquires-stake-in-battery-grade-lithium-carbonate-process_68206.html
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