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January 29, 2015
Executives at international cleaning products associations say that harmonizing regulatory and sustainability standards across different countries will be a key focus in 2015. Association executives also pointed to initiatives in individual countries or regions, such as Registration, Evaluation, and Authorisation of Chemicals (Reach) in Europe or education about proper use of cleaning products in Brazil. The executives spoke Tuesday at the global issues briefing at ACI’s annual conference in Orlando, FL....
http://www.chemweek.com/lab/ACI-2015-Standards-harmonization-key-to-international-agenda_67287.html
January 27, 2015
DuPont, facing a proxy battle from activist investor Trian Partners (New York), today increased the cost savings target from its ongoing restructuring by 30%, to $1.3 billion, and said it would use proceeds from the planned spin off of its Chemours performance chemicals business to fund a $4-billion share repurchase. DuPont expects to complete the spin off of Chemours by mid-2015....
http://www.chemweek.com/lab/DuPont-reports-stronger-fourth-quarter-warns-currency-will-be-drag-on-2015-earnings_67239.html
January 23, 2015
Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the...
http://www.chemweek.com/lab/CW-News-roundup-Crude-looms-over-Q4-earnings-and-2015-outlook_67175.html
January 23, 2015
Chemical industry financial analysts expect North American chemical companies to report solid fourth-quarter earnings, driven by lower raw material costs and solid demand, but the...
http://www.chemweek.com/lab/Crude-oil-looms-over-fourth-quarter-earnings-and-outlook_67142.html
January 23, 2015
Celanese (Dallas, TX) reports a net loss for the fourth quarter of $85 million, down from $654 million in the year-ago period. Net sales totaled $1.6 billion, down 3.5% year-over-year (YOY). Adjusted earnings per share totaled $1.28, up 23% YOY and 9 cents above the analysts’ consensus of $1.19 compiled by Thomson Reuters (New York)....
http://www.chemweek.com/lab/Celanese-beats-estimates-but-guides-2015-lower_67157.html
January 19, 2015
Crude oil prices have not been low for long enough to curtail chemical production growth in the United States, IHS Chemical says. Brent crude and West Texas Intermediate (WTI) prices...
http://www.chemweek.com/lab/Chemical-industry-to-reap-benefits-of-lower-oil-prices_66874.html
January 19, 2015
PPG Industries on 15 January reported fourth-quarter net income from continuing operations of $86.0 million, or 62 cts/share, down 64% year-on-year (YOY), on sales up 6.0%, to $3.71 billion....
http://www.chemweek.com/lab/PPG-beats-estimates-but-earnings-decline-on-charges_66892.html
January 14, 2015
Chemical demand is expected to strengthen in 2015, with growth expected to exceed 3.0% in both the United States and overall global market for the first time in four years....
http://www.chemweek.com/lab/2015-Forecast-Can-demand-shrug-off-crude-price-shock_66710.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/lab/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
January 12, 2015
Benzene contracts for January have been settled in the United States at $2.20/gal ($658/m.t.), a steep, 35% decline from $3.37/gal in December 2014 and the lowest value in more than...
http://www.chemweek.com/lab/Benzene-contracts-settle-in-US-at-five-year-low_66671.html
December 19, 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_66339.html
December 19, 2014
Dow Corning is shuttering its never-operated Hemlock Semiconductor polysilicon facility in Clarksville, TN, saying the plant would not be economically viable. The $1-billion-plus project was completed last year but has never produced product because of oversupply in polysilicon markets and the impact of tariffs on polysilicon imported into China....
http://www.chemweek.com/lab/Dow-Corning-to-abandon-Tennessee-polysilicon-assets_66300.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
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