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February 25, 2014
BASF today announced its fourth-quarter and full-year 2013 results and said it is cautiously optimistic about this year. Fourth-quarter net income rose 16.3%, to €1.14 billion...
http://www.chemweek.com/lab/BASF-reports-higher-profits-cautiously-optimistic-about-2014_59073.html
February 21, 2014
The American Chemistry Council (ACC) announced today that announced US chemical industry investment linked to shale gas now tops $100 billion. As of this month, 148 projects valued at...
http://www.chemweek.com/lab/ACC-US-chemical-investment-linked-to-shale-gas-reaches-$100-billion_58946.html
February 21, 2014
Early-reporting European companies struggled to improve sales and earnings in the fourth quarter of 2013. Adverse currency effects and continued economic uncertainty in Europe hindered...
http://www.chemweek.com/lab/Economic-headwinds-stifle-fourth-quarter-results_58968.html
February 21, 2014
Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with...
http://www.chemweek.com/lab/Minerals-Technologies-launches-bid-for-Amcol-updated_58830.html
February 21, 2014
Ashland announced today it has agreed to sell its water treatment business to private equity firm Clayton, Dubilier & Rice (CD&R; New York) for $1.8 billion, ending a...
http://www.chemweek.com/lab/Ashland-to-sell-water-treatment-to-private-equity-for-$1-8-billion_58874.html
February 19, 2014
Hedge fund FrontFour Capital (New York) said today that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle....
http://www.chemweek.com/lab/Hedge-fund-says-it-will-seek-four-seats-on-Sensient-board-updated_58903.html
February 14, 2014
Private-equity backed PQ Corp. today filed for an initial public offering (IPO) that could be worth up $450 million, according to US regulatory documents. The company, a maker of...
http://www.chemweek.com/lab/PQ-files-for-IPO_58758.html
February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/lab/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
February 14, 2014
Axiall (Atlanta) and Lotte Chemical (Seoul) say they have signed a preliminary agreement to pursue a 50/50 joint venture for the construction of a 1 million m.t./year ethane cracker in Louisiana. Axiall first announced the project on 19 December....
http://www.chemweek.com/lab/Axiall-Lotte-to-partner-on-Louisiana-cracker-joint-venture_58718.html
February 14, 2014
Dow Chemical has rejected a proposal by hedge fund Third Point (New York) that the company spin off its petrochemical operations. The benefits of vertical integration, scale, and shared technologies would be lost, while a significant breakup, “simplistically described as petrochemical and specialty chemical assets,” would create no additional value, says Dow. In response, Third Point offered to sign a non-disclosure agreement to review Dow's analysis....
http://www.chemweek.com/lab/Dow-rejects-proposed-breakup-reaffirms-current-strategy-updated_58777.html
February 10, 2014
India's petrochemical industry, which was hurt in 2013 by an economic slowdown and the depreciation of the Indian currency, is expected to recover in the near term, and the industry's long-term prospects are looking very positive, say experts and manufacturers in the country....
http://www.chemweek.com/lab/India-Assembling-a-world-scale-petrochemical-industry_58623.html
February 7, 2014
W.R. Grace emerged from bankruptcy protection last week, ending nearly 13 years of operation under Chapter 11 protection to resolve nearly 130,000 asbestos personal injury and property damage claims....
http://www.chemweek.com/lab/W-R-Grace-exits-bankruptcy-protection-after-13-years_58663.html
February 7, 2014
(Correction: The earnings table included with this story misreported Dow's 4Q12 earnings at $959 million. The correct figure is -$716 million.) North American basic and diversified...
http://www.chemweek.com/lab/North-American-firms-report-strong-fourth-quarter-results_58625.html
February 7, 2014
Specialty chemical companies mostly report solid fourth-quarter results, since key end markets have grown steadily. Sherwin-Williams (SW) rode the rebound in architectural paint sales...
http://www.chemweek.com/lab/Specialty-earnings-rise-along-with-end-markets_58640.html
February 4, 2014
Grace emerged from bankruptcy protection Monday, ending nearly 13 years of operation under Chapter 11 protection to address asbestos-related claims. Separately, Grace announced Tuesday that its board has authorized a share repurchase program of up to $500 million, or roughly 6.8% of outstanding shares based current market capitalization....
http://www.chemweek.com/lab/W-R-Grace-exits-bankruptcy-protection-updated_58528.html
January 31, 2014
Managing TSCA reform as it makes its way through Congress and ensuring that fuel subsidies do not adversely impact oleochemical prices are key priorities for the cleaning chemicals...
http://www.chemweek.com/lab/ACI-2014-TSCA-reform-fuel-subsidies-key-priorities-for-soapers_58404.html
January 31, 2014
“Cautious optimism” was the phrase buzzing through the halls of the Grande Lakes Orlando this week at ACI's annual meeting and conference. Soapers and home care chemical...
http://www.chemweek.com/lab/ACI-2014-Stability-slow-growth-ahead-for-soaps_58453.html
January 31, 2014
Burdensome and counterproductive regulation and industry’s sustainability efforts emerged as common themes at the Global Industry Update panel at the American...
http://www.chemweek.com/lab/ACI-2014-Regulations-sustainability-efforts-top-global-panel-concerns_58430.html
January 31, 2014
Senator David Vitter (R., LA) told attendees Friday at ACI’s 2014 Annual Meeting, currently being held in Orlando, FL, that he is hopeful that chemical management reform will clear Congress this year....
http://www.chemweek.com/lab/ACI-2014-Senator-Vitter-optimistic-about-prospects-for-CSIA-passage-this-year_58467.html
January 29, 2014
Dow Chemical posted fourth-quarter net income of $963 million, reversing a year-ago loss of $716 million. Reported adjusted earnings were 65 cts/share, up 97% compared with the year-ago quarter and 51% above the consensus analyst estimate as reported by Thomson Reuters....
http://www.chemweek.com/lab/Dow-earnings-beat-estimates-on-gains-in-all-segments_58386.html
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