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May 6, 2014
Solvay reports €121 million ($167.8 million) in adjusted net income for the first quarter, up 20% year-on-year (YOY) and beating the company's previous forecasts, as demand...
http://www.chemweek.com/home/top_of_the_news/Solvays-net-income-up-20-percent_60820.html
May 6, 2014
BASF-YPC, a 50-50 petrochemical joint venture between BASF and Sinopec at Nanjing, China, is moving ahead with plans to build a world-scale production plant for neopentylglycol (NPG)...
http://www.chemweek.com/home/top_of_the_news/BASF-Sinopec-JV-confirms-plans-to-build-neopentylglycol-plant-at-Nanjing_60819.html
May 6, 2014
Westlake Chemical (Houston) reports net income for the first quarter of $158 million, up 28% year-on-year on improved olefin margins and volumes. Earnings totaled $1.18/share, 4% above the analysts’ consensus estimate as compiled by Thomson Reuters....
http://www.chemweek.com/home/top_of_the_news/Westlake-income-up-28-percent-as-olefins-gain-offsets-vinyls-loss_60780.html
May 6, 2014
Bayer announced today that it has agreed to acquire the consumer-care business of pharmaceutical company Merck & Co. (Whitehouse Station, NJ), for $14.2 billion in cash. Bayer, at...
http://www.chemweek.com/home/top_of_the_news/Bayer-to-acquire-consumer-care-business-of-Merck-and-Co-for-$14-2-billion_60812.html
May 6, 2014
A new methane-to-ethylene process developed by Siluria Technologies appears to be both technologically and economically viable, and it could improve the relative cost position of ethylene producers in Europe and Asia, say analysts at IHS....
http://www.chemweek.com/home/top_of_the_news/IHS-Model-shows-strong-economics-for-Silurias-methane-to-ethylene-process_60784.html
May 6, 2014
H.B. Fuller says it has opened a $10-million manufacturing facility at Rionegro, Colombia, about 36 kilometers east of Medellin, in order to support the expansion of the...
http://www.chemweek.com/home/top_of_the_news/Fuller-opens-manufacturing-facility-in-Colombia_60798.html
May 5, 2014
Olin (Clayton, MO) has announced several changes in management. John E. Fischer, formerly sr. v.p. and chief financial officer, has been promoted to president and chief operating officer, the company says. Joseph D. Rupp will remain chairman and CEO....
http://www.chemweek.com/home/top_of_the_news/Olin-announces-changes-in-management_60797.html
May 5, 2014
Platform Specialty Products today reported a first-quarter net loss of $5.9 million compared with income of $15.3 million in the year-ago quarter, on sales up 1% year-on-year (YOY), to...
http://www.chemweek.com/home/top_of_the_news/Platform-Specialty-Products-reports-loss_60782.html
May 5, 2014
Merck KGaA (Darmstadt, Germany) said on Friday that it completed its acquisition of AZ Electronic Materials, creating a leading solutions provider in the premium segment of high-tech...
http://www.chemweek.com/home/top_of_the_news/Merck-KGaA-completes-acquisition-of-AZ-integration-to-be-completed-by-end-of-the-year_60778.html
May 5, 2014
Idemitsu Kosan and Mitsui & Co. have decided not to proceed with their proposed, equally owned, linear alpha olefins joint venture project in the United States. The companies...
http://www.chemweek.com/home/top_of_the_news/Idemitsu-Kosan-and-Mitsui-and-Co-cancel-plans-for-US-alpha-olefins-project_60777.html
May 5, 2014
Wacker Chemie today reported higher first-quarter sales and earnings and confirmed its outlook for the whole of the year. Ebitda was 73% higher, at €285.2 million ($395.8...
http://www.chemweek.com/home/top_of_the_news/Wacker-reports-higher-first-quarter-sales-and-earnings-confirms-outlook_60779.html
May 2, 2014
Activist hedge fund Third Point, led by Daniel Loeb, has called on Dow Chemical to provide greater detail on its petrochemical operations, arguing that the segment is “underearning” by at least $2.5 billion/year. Third Point says in a 1 May letter to investors that the earnings gap is the result of the “result of a strategy focused more on selling downstream products than on maximizing profits.”...
http://www.chemweek.com/home/top_of_the_news/Hedge-fund-Third-Point-sharpens-criticism-of-Dows-petchem-strategy_60770.html
May 2, 2014
BASF announced today that the supervisory board has elected Jürgen Hambrecht, former chairman of the company, as its new chairman. He replaces Eggert Voscherau, who took over as...
http://www.chemweek.com/home/top_of_the_news/BASF-supervisory-board-elects-chair_60769.html
May 2, 2014

Phillips 66 (Houston) reports that its chemical segment, comprising a 50% share in Chevron Phillips Chemical, turned in first-quarter earnings of $316 million, up 20% year-on-year.

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http://www.chemweek.com/home/top_of_the_news/Phillips-66-chemical-earnings-up-20-percent-YOY-on-improved-benzene-margins_60767.html
May 2, 2014
Sun Pharma (Mumbai), India’s major pharmaceuticals player, said today that it is closing its Detroit manufacturing plant as part of a consolidation. The company has not said how...
http://www.chemweek.com/home/top_of_the_news/Sun-Pharma-to-close-Detroit-plant_60764.html
May 2, 2014
National Peroxide Ltd. (Mumbai) says it has closed its Kalyan, India, hydrogen peroxide (H2O2) plant for 51 days to carry out expansion of the facility. Capacity of...
http://www.chemweek.com/home/top_of_the_news/National-Peroxide-hikes-hydrogen-peroxide-capacity_60761.html
May 2, 2014
LyondellBasell Industries has received a key permit required in the company's ethylene expansion program, the company announced today. The investments are expected to provide an...
http://www.chemweek.com/home/top_of_the_news/LyondellBasell-gets-permit-for-ethylene-expansion-at-Corpus-Christi_60762.html
May 2, 2014
Cambrex (East Rutherford, NJ) reports a 91.2% fall in net profits for the first quarter of 2014 compared with the year-ago period, to $982,000. First-quarter sales decreased 11.2%, to...
http://www.chemweek.com/home/top_of_the_news/Cambrex-reports-huge-fall-in-profits_60760.html
May 2, 2014
AstraZeneca says that its board today rejected Pfizer’s proposal to combine the two firms. “The financial and other terms described in the proposal are inadequate...
http://www.chemweek.com/home/top_of_the_news/AstraZeneca-board-rejects-Pfizers-sweetened-proposal_60759.html
May 2, 2014
Pfizer announced today that it has submitted a revised written proposal to AstraZeneca to combine the two companies. The move follows consultation with major shareholders. Pfizer says...
http://www.chemweek.com/home/top_of_the_news/Pfizer-raises-offer-for-AstraZeneca-sends-letter-to-UK-prime-minister_60757.html
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