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January 29, 2016

Westlake Chemical (Houston) says its $2.9-billion bid to acquire Axiall (Atlanta) has been “summarily rejected” by the Axiall board of directors. The combination would create North America’s second-largest producer of polyvinyl chloride, with 23% of the market’s 8.9 million m.t./year of production capacity. 

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January 21, 2016
ACC’s specialty chemicals market volume index was down 2.7% in December 2015 compared with the year-ago month but fell only 0.3% year-to-date (YTD) in 2015 versus one year ago, both figures on a three-month moving average (3MMA). The index slipped 0.1% in December versus the earlier month, following a fall of 0.7% in November (both 3MMA)....
January 21, 2016
PPG Industries on Thursday reported fourth-quarter 2015 net income more than doubled year-on-year (YOY), to $314 million, because of a charge in the year-ago quarter and rising...
January 14, 2016

After years of declining volumes and tough pricing, soap and detergent manufacturers say the category returned to growth in 2015. Amid weakness in emerging markets, soapers are counting on innovation and improved functionalities to bolster demand.

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January 14, 2016
Weak global growth, particularly in the energy sector and many industrial end markets, along with China’s deceleration and the strong dollar are curbing expectations for...
January 14, 2016
W.R. Grace says the previously announced spin-off of GCP Applied Technologies (GCP), its construction products and packaging sealants and coatings businesses, will be completed on 3...
January 14, 2016
Saudi Arabia’s chemical producers are assessing the impact of the energy, feedstock, and utility price hikes announced by the Saudi government in its state budget on 29 December...
January 17, 2016
Sabic on Sunday reported a 29.4% drop in fourth-quarter net profit to 3.08 billion Saudi riyals ($821.6 million). This was a 45% decline from the SR5.6 billion reported in the third...
January 13, 2016
W. R. Grace says the previously announced spin-off of GCP Applied Technologies (GCP), its construction products and packaging sealants and coatings businesses, will be completed on 3...
January 12, 2016
Saudi Arabian chemical producers are assessing the impact of the energy and feedstock price hikes announced by the Saudi government in its state budget on 29 December 2015. The...
January 12, 2016
W. R. Grace says the previously announced spin off GCP Applied Technologies (GCP), its construction products and packaging sealants and coatings businesses, will be completed on 3 February. Greg Poling, currently Grace COO, has been designated GCP president and CEO....
January 7, 2016
BP has agreed to sell its aromatics complex in Decatur, AL, to Indorama Ventures (Bangkok). Under the agreement, Indorama Ventures will purchase the Decatur complex, including working...
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