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July 17, 2015
PPG Industries says that Michael McGarry will become president and CEO, effective 1 September. McGarry succeeds Charles Bunch, who will remain executive chairman. McGarry, who was named president and COO in March, will join the company’s board immediately. Bunch has been CEO since July 2005....
http://www.chemweek.com/lab/PPG-Industries-names-next-CEO-effective-1-September_72249.html
July 17, 2015
Platform Specialty Products (West Palm Beach, FL) has reached a deal to acquire Alent (Woking, UK) in a cash and stock transaction for about £1.4 billion ($2.18 billion). Including net debt, the total transaction value is about $2.3 billion....
http://www.chemweek.com/lab/Platform-to-buy-UK-based-firm-Alent-for-$2-3-billion_72224.html
July 17, 2015
After ethylene, propylene is the petrochemical’s industry’s second-largest building block with 2014 global demand estimated at 89 million m.t....
http://www.chemweek.com/lab/Understanding-the-Global-Petrochemical-Industry-Propylene_70586.html
July 15, 2015
Ingevity will be the new name of MWV Specialty Chemicals, effective 1 September. The business is expected to be spun off from WestRock, the name of the combined MeadWestvaco and...
http://www.chemweek.com/lab/MWV-Specialty-Chemicals-renamed-Ingevity_72162.html
July 13, 2015
(This story has been corrected. The figures in paragraph five refer to production capacity throughout the Americas, not production in North America.) China’s enormous...
http://www.chemweek.com/lab/China-MTO-promises-big-opportunity-for-methanol-producers-in-US_71640.html
July 13, 2015
Enterprise Products Partners (Houston) has announced several projects to increase pipeline capacity for polymer-grade propylene between 2017 and 2020. Enterprise will convert and expand the North Dean pipeline, currently configured for refinery-grade propylene; convert the Lou-Tex pipeline from chemical-grade propylene service to polymer-grade; and build a refinery-grade propylene pipeline between Sorrento and Breaux Bridge, LA....
http://www.chemweek.com/lab/Enterprise-to-increase-polymer-grade-propylene-pipeline-capacity_72046.html
July 9, 2015
The US Occupational Health and Safety Administration (OSHA; Washington) has placed DuPont in its severe violator enforcement program after follow-up inspections of a fatal accident at DuPont’s La Porte, TX facility found “serious, willful and repeat violations.”...
http://www.chemweek.com/lab/OSHA-places-DuPont-in-severe-violator-enforcement-program_72063.html
July 8, 2015
Canada Colors & Chemicals (CCC; Toronto) has made a binding offer to acquire the industrial solvents and chemicals business of APCO Industries (Leaside, ON), a supplier of solvents...
http://www.chemweek.com/lab/Canada-Colors-and-Chemicals-to-acquire-APCOs-solvents-business_72030.html
July 8, 2015
BioConsortia has appointed Andrew Jacobs as head of R&D for its operation in Auckland, New Zealand. Jacobs will report to Susan Turner, senior v.p./R&D for BioConsortia...
http://www.chemweek.com/lab/BioConsortia-names-head-of-New-Zealand-R-and-D-team_72015.html
July 6, 2015
K+S (Kassel, Germany) announced on 2 July that it had rejected an “unsolicited proposal” from PotashCorp (Saskatoon, SK) to acquire all of K+S’s outstanding shares. PotashCorp’s bid is at €41/share ($45.49), valuing K+S at €7.85 billion....
http://www.chemweek.com/lab/K+S-rejects-$8-7-billion-takeover-bid-from-PotashCorp_71912.html
July 6, 2015
Chemours says its postspin course will focus on nurturing growth opportunities in titanium dioxide (TiO2) and fluoroproducts....
http://www.chemweek.com/lab/Chemours-sets-postspin-strategy_71913.html
June 26, 2015
The incident began at about 10am local time when a car rammed into gas canisters at the plant. French media reports say that the victim was a local businessman who was killed away from the site. Air Products says that all of its employees are safe and accounted for. “I am horrified and saddened by the attack on our facility in France,” says Air Products chairman and CEO Seifi Ghasemi....
http://www.chemweek.com/lab/One-dead-in-terror-attack-at-Air-Products-site-in-France_71694.html
June 24, 2015
OCI Enterprises, the North American subsidiary of OCI (Seoul), says it is considering “strategic alternatives” for its stake in OCI Resources (OCIR), a master limited partnership that owns 51% of OCI Wyoming, a producer of trona ore and soda ash....
http://www.chemweek.com/lab/OCI-considers-strategic-alternatives-for-soda-ash-business_71575.html
June 24, 2015
Phillips 66, one of the largest base oil suppliers in North America, says it has introduced production of odorless mineral spirits out of its Wood River refinery in Roxana, IL. The...
http://www.chemweek.com/lab/Phillips-66-launches-odorless-mineral-spirits-out-of-Wood-River-refinery_71335.html
June 23, 2015
Arkema (Paris), France’s largest chemicals company by sales, is significantly reshaping its portfolio to focus on more profitable businesses. The recent acquisition of Bostik, the world’s third-largest adhesives company; major investments to expand operations in Asia; and restructuring in the mature markets of Europe are the key points in the company’s transformation...
http://www.chemweek.com/lab/Arkema-Transformation-of-a-specialty-chemicals-player_70781.html
June 23, 2015
Shin-Etsu Chemical says it will construct a plant at Echizen City, Fukui Prefecture, Japan, for the production of photomask blanks, the base material of photomasks that are used as the...
http://www.chemweek.com/lab/Shin-Etsu-Chemical-to-establish-second-photomasks-plant-in-Japan_71462.html
June 23, 2015
Arsenal Capital (New York) says it has completed the sale of Royal Adhesives and Sealants (South Bend, IN) to American Securities (New York), another private equity firm, for an...
http://www.chemweek.com/lab/Arsenal-Capital-completes-Royal-Adhesives-sale_71479.html
June 19, 2015
Univar completes $770-million IPO Univar priced an initial public offering of 35 million shares at $22.00 on 18 June, raising $770 million for the company and selling stockholders...
http://www.chemweek.com/lab/Weekly-roundup-June-19-Univar-floats-as-Axiall-Lotte-cracker-plans-resurface_71494.html
June 19, 2015
DuPont says that Chemours, the performance chemicals operations that it plans to spin off to shareholders on 1 July, will begin “when-issued” trading on the New York Stock...
http://www.chemweek.com/lab/Chemours-begins-"when-issued"-trading_71477.html
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