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Displaying 1 - 20 of 446 stories.
December 18, 2014
DuPont today filed with the US Securities and Exchange Commission (SEC; Washington) to launch a spinoff of its mostly-commodity performance chemicals business, over a year after the...
http://www.chemweek.com/lab/DuPont-files-for-performance-chemicals-spinoff-Chemours_66339.html
December 18, 2014
LyondellBasell has appointed executive v.p. Bhavesh Patel as its next CEO, effective 12 January 2015. Patel succeeds James Gallogly, who announced plans to retire in September....
http://www.chemweek.com/lab/LyondellBasell-names-Patel-as-next-CEO_66293.html
December 17, 2014
Dow Corning will abandon its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN. The $1 billion-plus project was completed last year but never produced product because of oversupply in polysilicon markets and the impact of tariffs on polycrystalline silicon imported into China....
http://www.chemweek.com/lab/Dow-Corning-to-abandon-Hemlocks-Tennessee-polysilicon-assets_66278.html
December 17, 2014
MEGlobal (Dubai) has launched a front-end engineering design (FEED) study for construction of a world-scale ethylene glycol (EG) plant on the US Gulf coast. The plant is expected to onstream in 2018....
http://www.chemweek.com/lab/MEGlobal-studies-world-scale-ethylene-glycol-project-in-US_66241.html
December 12, 2014
Building materials manufacturer Saint-Gobain (Courbevoie, France) says that it plans to acquire all of the shares in Sika (Baar, Switzerland) held by the Burkard family—the...
http://www.chemweek.com/lab/Saint-Gobain-bids-to-buy-Sika-Sika-management-against-deal_66122.html
December 12, 2014
US chemical output is set to accelerate sharply through the end of the decade, exceeding the growth of the overall US and global economies, aided by a strong cost advantage and...
http://www.chemweek.com/lab/US-Europe-chemical-outlooks-diverge-widely-for-2015_66121.html
December 11, 2014
US chemical output is set accelerate sharply through the end of the decade, exceeding the growth of the overall US economy, according to ACC’s Year End 2014 Chemical Industry Situation and Outlook, published today....
http://www.chemweek.com/lab/US-chemical-output-growth-to-hit-3-7-percent-in-2015-ACC-says_66082.html
December 10, 2014
DuPont has reached agreement to sell its Neoprene polychloroprene business to Denka Performance Elastomer, a new joint venture company owned 70% by Denki Kagaku Kogyo (Denka; Tokyo) and 30% by Mitsui & Co. Neoprene, the first commercially successful elastomer, was invented by DuPont in 1931....
http://www.chemweek.com/lab/DuPont-to-sell-Neoprene-elastomer-business-to-Denka-Mitsui-JV_66032.html
December 10, 2014
Cefic says that it expects chemical output is to continue growing in 2015, but that expectations about the pace of European and global economic growth have weakened. Chemical...
http://www.chemweek.com/lab/Cefic-cuts-forecast-for-2015-European-chemical-output-to-1-percent_66021.html
December 2, 2014
Private equity firm SK Capital (New York) – a boutique investor with a major focus on chemicals – this morning completed a new, $1-billion funding round, the firm’s...
http://www.chemweek.com/lab/SK-Capital-raises-$1-billion-fund-update_65772.html
November 21, 2014
ExxonMobil’s board is expected to name Neil Chapman, currently senior v.p./polymers, as Pryor’s successor, effective 1 January 2015....
http://www.chemweek.com/lab/ExxonMobil-Chemical-president-Pryor-to-retire-in-January_65635.html
November 21, 2014
Dow Chemical and hedge fund Third Point (New York) have reached an agreement on the composition of Dow’s board, averting a potential proxy fight for at least one year....
http://www.chemweek.com/lab/Dow-Chemical-Third-Point-reach-agreement-on-board-seats_65626.html
November 18, 2014
AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million),” the...
http://www.chemweek.com/lab/AkzoNobel-says-US-subsidiary-was-target-of-$66-million-"external-fraud"_65507.html
November 13, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since January, intends to wage a proxy battle for board seats at Dow's 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/lab/Third-Point-prepares-for-proxy-fight-at-Dow-Chemical_65388.html
November 13, 2014
Dow Chemical announced plans on 12 November to cut its stake in its Kuwaiti petrochemical joint ventures and sell its Angus Chemical subsidiary to private equity firm Golden Gate Partners for $1.2 billion. Dow announced the deals as part of a strategy update at its investor day in Lake Jackson, TX, where the company also announced plans to realign external reporting, increase its dividend, and expand a shareholder repurchase program....
http://www.chemweek.com/lab/Dow-updates-strategy-as-Third-Point-raises-pressure_65419.html
November 12, 2014
Dow has also announced an agreement to sell Angus Chemical, a producer of nitroalkane-based specialty chemicals, to private equity firm Golden Gate Capital for $1.2 billion....
http://www.chemweek.com/lab/Dow-to-cut-stake-in-Kuwait-petchem-JVs_65329.html
October 31, 2014
ExxonMobil posted third-quarter chemical earnings of $1.2 billion, up 17% from same year-ago quarter quarter on stronger commodity margins. Margins increased earnings by $210 million...
http://www.chemweek.com/lab/ExxonMobil-Chemical-earnings-up-17-percent-on-flat-volume_65025.html
October 31, 2014
Chad Holliday, 66, former CEO of DuPont and former chairman of Bank of America, will become the first American chairman at Royal Dutch Shell, Shell said Thursday. Holliday, already a...
http://www.chemweek.com/lab/Former-DuPont-CEO-Holliday-to-become-first-American-chairman-of-Royal-Dutch-Shell_65011.html
October 30, 2014
Eastman Chemical’s third-quarter net earnings fell 31%, to $212 million, due to the one-time impact of restructuring changes, Operating earnings were $427 million, up 5.4% YOY on higher advanced materials and adhesives and plasticizers earnings. Eastman says it now expects full-year earnings to “approach $7/share,” toward the higher end of previous estimates....
http://www.chemweek.com/lab/Eastman-earnings-fall-on-one-time-charges-full-year-outlook-remains-strong_65007.html
October 29, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter....
http://www.chemweek.com/lab/DuPont-makes-its-case-against-further-break-up_64874.html
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