IHS Chemical Week

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April 25, 2016
DuPont reported first-quarter net income of $1.2 billion, up 19% year-on-year (YOY) due mainly to a gain from the sale of assets in China. Reported operating earnings of $1.26/share...
April 22, 2016
BASF announced on Friday that it signed an agreement to sell its global polyolefin catalysts business to W.R. Grace. BASF and Grace intend to complete the transaction in the third quarter of 2016....
April 20, 2016
BASF says that it has agreed to acquire the assets of Guangdong Yinfan Chemistry (Jiangmen, China). With this acquisition, BASF will gain access to an automotive refinish coatings plant in China. Financial details of the transaction have not been disclosed....
April 19, 2016
AkzoNobel's first-quarter net income from continuing operations totaled €240 million ($271.2 million), up 48% from the same period last year, the company has announced today. Ebitda also grew, but by just 5% year-on-year (YOY), to €487 million, reflecting continuous-improvement initiatives and lower costs, partly offset by adverse currency effects...
April 14, 2016

Four historic $10-billion-plus megadeals­­­­­—most notably Dow-DuPont, but also Air Liquide-Airgas, ChemChina-Syngenta, and Sherwin-Williams-Valspar—have been announced in the past six months. With big shifts in the industry’s competitive landscape, we take a look back at some big deals of the past and consider the promises and pitfalls of deal-making.

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April 18, 2016
Occidental Chemical (OxyChem; Houston) has announced a $145 million expansion of its Geismar, LA, manufacturing plant. The project will include equipment for the production of a new raw material for next-generation refrigerants. Construction will begin in May, says the company, which expects to finish the project in late 2017....
April 14, 2016
New antidumping duties on polyethylene terephthalate (PET) resin from China, India, Oman, and Canada are unlikely to reduce imports by the United States, but they may improve the margins of domestic producers, IHS Chemical says....
April 14, 2016
Ashland said on 13 April that it will pursue an initial public offering of up to 20% of the common stock in Valvoline as a first step in separating the business from Ashland. The overall separation, which was announced in September 2015, is expected to be complete about six months after the IPO, when Ashland distributes Valvoline’s remaining common stock to Ashland shareholders in a tax-free spin-off....
April 18, 2016
Invista says it has started up a new 215,000 m.t./year hexamethylene diamine (HMDA) plant in Shanghai, part of a $1 billion nylon-6,6 project first announced in 2007, but  delayed until 2014 by the economic downturn....
April 14, 2016
Calgon Carbon has agreed to acquire Arkema’s wood-based activated carbon and filtration media business for €145.5 million ($160.1 million)....
April 7, 2016
ACC says the number of announced chemical capital projects in the United States tied to the shale gas revolution has reached 264. ACC estimates the total potential investment at $164 billion, of which 40% is completed or under way and 55% is in planning....
April 7, 2016
Axiall’s board of directors, on 4 April, turned down a second, $3.1-billion acquisition bid from Westlake Chemical. Westlake responded the same day by formally ending negotiations and asking Axiall shareholders to elect a new board selected by Westlake....
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