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March 17, 2015
Endo International has announced that it is withdrawing its cash and stock proposal to acquire Salix Pharmaceuticals. The news comes after Valeant Pharmaceuticals on Monday upped...
http://www.chemweek.com/home/top_of_the_news/Endo-gives-up-attempts-to-buy-Salix-focuses-on-other-pharma-targets_68616.html
March 17, 2015
The United States imported a record 302,000 m.t. of benzene in January, based on data made available from Global Trade Information (GTI; Columbia, SC) services. US imports of benzene...
http://www.chemweek.com/home/top_of_the_news/US-imported-record-benzene-volumes-in-January_68614.html
March 16, 2015
Royal Dutch Shell and the United Steelworkers (USW; Pittsburgh) union reached a tentative agreement last week on a new four-year labor agreement, but not all petrochemical plant or...
http://www.chemweek.com/home/top_of_the_news/Some-refinery-petchem-sites-still-in-discussions-with-USW-following-labor-agreement_68604.html
March 16, 2015
Lupin Pharmaceuticals (Mumbai), India’s third-largest pharma company by sales, said today that it has agreed to acquire the 40% it does not already own in Pharma Dynamics (Cape...
http://www.chemweek.com/home/top_of_the_news/Lupin-Pharmaceuticals-buys-leading-South-African-generics-player_68595.html
March 16, 2015
Valeant Pharmaceuticals International said today that it has increased its offer for Salix Pharmaceuticals to $10.96 billion in cash, exceeding the Endo International bid worth about...
http://www.chemweek.com/home/top_of_the_news/Valeant-trumps-Endo-in-bidding-war-for-Salix-Pharmaceuticals_68594.html
March 16, 2015
Frutarom Industries, a major player in the flavors & fine ingredients market, today reported a 22% rise in 2014 sales to $820 million with rapid growth in the emerging markets...
http://www.chemweek.com/home/top_of_the_news/Frutarom-Industries-reports-record-results-sets-targets-for-2020_68599.html
March 16, 2015
Kemira announced today the appointment of Mats Rönnbäck as interim president/paper segment and Asia/Pacific and member of Kemira's management board as of 1 April...
http://www.chemweek.com/home/top_of_the_news/Kemira-appoints-interim-presidentpaper-and-AsiaPacific_68592.html
March 16, 2015
A. Schulman has signed a definitive agreement to acquire Citadel Plastics Holdings (West Chicago, IL) for $800 million. Citadel produces thermoset composites and thermoplastic compounds for specialty product applications across multiple sectors, including transportation, industrial and construction, electrical, energy, and health care and safety, Schulman says. Citadel has annual sales of about $525 million and Ebitda of about $75 million. The deal is expected to close by the end of May.
...

http://www.chemweek.com/home/top_of_the_news/Schulman-to-acquire-engineered-plastics-compounder-Citadel-for-$800-million_68591.html
March 16, 2015
Borealis today announced the closure of a 36.7-million reais ($11.4 million) financing agreement with the Brazilian development bank BNDES to finance expanding Borealis in Brazil. The...
http://www.chemweek.com/home/top_of_the_news/Borealis-closes-financing-agreement-for-compounding-project-in-Brazil_68590.html
March 16, 2015
The enterprise value of the transaction is €600 million ($674.8 million) plus an earnout of up to €175 million. Net cash proceeds at closing to DSM will be about €300–350 million....
http://www.chemweek.com/home/top_of_the_news/DSM-sells-65-percent-stake-in-caprolactam-acrylonitrile-and-composite-resins-businesses-to-CVC_68587.html
March 16, 2015
Linde announced today group sales of €17.0 billion ($17.8 billion) in full-year 2014 compared with €16.7 billion in 2013, an increase of 4.5% year-on-year (YOY) after...
http://www.chemweek.com/home/top_of_the_news/Linde-increases-sales-despite-tough-conditions_68586.html
March 16, 2015
Kingboard Chemical Holdings (Hong Kong) says that volatile crude oil contracts during the fourth quarter of 2014 resulted in a 17% fall in revenue at Kingboard's chemical division for...
http://www.chemweek.com/home/top_of_the_news/Kingboard-says-oil-volatility-hurt-chemical-divisions-2014-earnings-sales_68585.html
March 16, 2015
Synthomer (Harlow, UK), a worldwide leader in carboxylated styrene butadiene latex for carpet, paper, and specialty applications, says that it is expanding its plant at Kluang...
http://www.chemweek.com/home/top_of_the_news/Synthomer-expands-styrene-butadiene-latex-production-in-Malaysia_68583.html
March 16, 2015
Albemarle says that it is streamlining its portfolio of mineral flame-retardant products and refocusing resources on key product grades. The company will immediately discontinue...
http://www.chemweek.com/home/top_of_the_news/Albemarle-to-discontinue-production-of-certain-mineral-flame-retardants-increase-ATH-capacity_68581.html
March 16, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) says that the previously announced acquisition of Prolactal (Hartberg, Austria) and its subsidiary Rovita (Engelsberg, Germany) was completed on...
http://www.chemweek.com/home/top_of_the_news/ICL-completes-acquisition-of-food-ingredients-firm-Prolactal_68576.html
March 15, 2015
Mosaic on Friday said that, following its acquisition of Archer Daniels Midland’s distribution businesses in Brazil and Paraguay, it will change the reporting of its business...
http://www.chemweek.com/home/top_of_the_news/Mosaic-shuffles-reporting-segments-gives-update-on-volumes-and-prices_68570.html
March 15, 2015
Sadara, a joint venture between Saudi Aramco and Dow Chemical, announced on Sunday that its non-executive board member Abulaziz Al Judaimi has submitted his resignation citing other...
http://www.chemweek.com/home/top_of_the_news/Sadara-appoints-new-non-executive-director_68568.html
March 13, 2015
Canexus (Calgary) says that it has engaged a financial advisor to explore the potential sale of Canexus's chlor-alkali operation at North Vancouver, BC. The company says that it is...
http://www.chemweek.com/home/top_of_the_news/Canexus-explores-sale-of-Canada-chlor-alkali-business_68559.html
March 13, 2015
Tight ethylene supply in Louisiana this week has led to record-high spreads between prices at Choctaw in Louisiana and Mont Belvieu-Williams (MtB-W) in Texas, based on trades today...
http://www.chemweek.com/home/top_of_the_news/Ethylene-trades-on-US-Gulf-Coast-at-record-high-spread-on-tight-supply-in-Louisiana_68557.html
March 13, 2015
The spread between styrene and benzene prices reached an all-time high in Europe this week as spot styrene continued to surge but benzene faltered.   March styrene offers breached...
http://www.chemweek.com/home/top_of_the_news/Europes-styrene-benzene-spread-reaches-record-high_68558.html
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