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July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014 from $570 million to $500 million, the...
http://www.chemweek.com/home/top_of_the_news/Alpek-cuts-2014-Ebitda-guidance-by-$70-million_62480.html
July 16, 2014
3M announced today that it will acquire Sumitomo Electronic’s 25% stake in its Japanese subsidiary Sumitomo 3M for ¥90 billion ($885 million). Upon completing the...
http://www.chemweek.com/home/top_of_the_news/3M-to-acquire-Sumitomo-Electronics-25-percent-stake-in-Japanese-subsidiary_62479.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report...
http://www.chemweek.com/home/top_of_the_news/Report-Private-equity-firm-prepares-to-divest-PVC-maker-Vestolit_62477.html
July 16, 2014
Evonik Industries said today that it has closed on an equity investment in Biosynthetic Technologies (BT; Irvine, CA), a specialist in biobased lubricants. BT has developed and...
http://www.chemweek.com/home/top_of_the_news/Evonik-invests-in-biobased-lubricants-start-up-Biosynthetic-Technologies_62476.html
July 16, 2014
Sumitomo Chemical announced today that its wholly owned subsidiary Valent U.S.A. (Walnut Creek, CA) has launched a new crop protection product in the United States for seed treatment...
http://www.chemweek.com/home/top_of_the_news/Sumitomo-Chemical-launches-new-seed-treatment-in-the-US_62475.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/home/top_of_the_news/Invista-wins-PTA-intellectual-property-lawsuit-in-Beijing-court_62474.html
July 16, 2014
India's chemical industry is set to more than double in size to $224 billion by 2017, compared with $108.4 billion at present, and become a major exporter, participants at an industry...
http://www.chemweek.com/home/top_of_the_news/Indias-chemical-industry-to-more-than-double-by-2017_62256.html
July 16, 2014
Methanol Chemicals Co. (Chemanol; Dammam, Saudi Arabia) has announced that a fire broke out at its para-formaldehyde plant at Al Jubail on Friday afternoon. The company’s...
http://www.chemweek.com/home/top_of_the_news/Chemanol-closes-para-formaldehyde-plant-following-a-fire_62441.html
July 16, 2014
Evonik Industries and Jiangsu Zhongneng Polysilicon Technology Development Co., a wholly owned subsidiary of GCL-Poly Energy Holdings (GCL-Poly), have signed a letter of intent to...
http://www.chemweek.com/home/top_of_the_news/Evonik-forms-jv-to-produce-fumed-silica-and-silicon-tetrachloride-in-China_62438.html
July 15, 2014
Koppers Holdings (Pittsburgh, PA) is exploring the consolidation of its North American tar distillation operations, including naphthalene and phthalic anhydride production, at Stickney, IL. The company says it will be applying for the necessary environmental permits, and a decision could be made within several months. If the project goes forward, the new naphthalene plant could start up in early 2016, says Koppers....
http://www.chemweek.com/home/top_of_the_news/Koppers-exploring-consolidation-of-North-American-tar-distillation_62471.html
July 15, 2014
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil from Procter & Gamble (P&G), for an undisclosed sum. The plant, in the country’s northeast...
http://www.chemweek.com/home/top_of_the_news/Stepan-acquires-Brazil-sulfonation-plant-from-P-and-G_62472.html
July 15, 2014
Albemarle has reached an agreement to acquire Rockwood Holdings, a leading producer of lithium and surface treatment chemicals, for $6.2 billion....
http://www.chemweek.com/home/top_of_the_news/Albemarle-to-buy-Rockwood-for-$6-2-billion_62458.html
July 15, 2014
Fluor has been awarded a contract by Gate Terminal, a subsidiary of Vopak and Gasunie, to design and build a liquefied natural gas (LNG) break bulk terminal at Rotterdam. Fluor will...
http://www.chemweek.com/home/top_of_the_news/Fluor-awarded-contract-for-LNG-terminal-at-Rotterdam_62459.html
July 15, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics...
http://www.chemweek.com/home/top_of_the_news/Oman-awards-technology-contracts-for-$3-6-billion-petchem-project_62456.html
July 15, 2014
Merck Serono, the biopharmaceutical division of Merck KGaA, has announced the appointment of Luciano Rossetti as executive v.p. and head/R&D as of 21 July.  In his most recent...
http://www.chemweek.com/home/top_of_the_news/Merck-Serono-appoints-head-of-R-and-D_62455.html
July 14, 2014
Biocatalyst firm Codexis (Redwood City, CA) and GlaxoSmithKline (GSK) have announced a license technology agreement worth up to $25 million in initial payments in addition to milestone...
http://www.chemweek.com/home/top_of_the_news/GlaxoSmithKline-licenses-Codexiss-protein-engineering-platform_62431.html
July 14, 2014
Kyowa Hakko Kirin’s (KHK; Tokyo) subsidiary ProStrakan Group (Galashiels, UK) has agreed with Novo to purchase the entire share capital of Archimedes Pharma (Reading, UK) for...
http://www.chemweek.com/home/top_of_the_news/Kyowa-Hakko-Kirin-subsidiary-to-acquire-Archimedes-Pharma_62434.html
July 14, 2014
Hexpol (Malmö, Sweden) a leading polymers group with strong global market positions in advanced polymer compounding, has signed an agreement to acquire the business of Kardoes...
http://www.chemweek.com/home/top_of_the_news/Hexpol-acquires-US-rubber-compounder-Kardoes-Rubber_62439.html
July 14, 2014
EMS Group (Domat/Ems, Switzerland) on Friday reported its six months results covering January–June. Net operating income was up 17.5%, to 215 million Swiss francs ($241.3...
http://www.chemweek.com/home/top_of_the_news/EMS-reports-higher-sales-and-earnings-buys-partner-out-of-Mexican-automotive-JV_62437.html
July 14, 2014
AFC Energy (Dunsfold, UK), an industrial fuel cell power company, says it has signed a memorandum of understanding (MOU) with Chang Shin Chemical, a leading South Korean hydrogen...
http://www.chemweek.com/home/top_of_the_news/AFC-Energy-and-Chang-Shin-Chemical-sign-MOU-for-fuel-cell-power-system_62436.html
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