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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
January 27, 2014
Lanxess says that executive chairman Axel Heitmann has agreed to resign “by mutual agreement,” effective 28 February. The supervisory board has appointed Matthias Zachert, former chief financial officer (CFO) of Lanxess and current CFO at Merck KGaA, as Heitmann’s successor, effective 15 May 2014. Until Zachert joins, Lanxess CFO Bernhard Duettmann will perform the responsibilities of board chairman....
http://www.chemweek.com/lab/Lanxess-chief-executive-Heitmann-to-step-down-former-CFO-Zachert-named-next-CEO-updated_58319.html
January 24, 2014
Water treatment chemicals, services, and equipment are increasingly in demand at industrial operations. Companies are also looking to expand in China and help customers comply with environmental rules, producers say....
http://www.chemweek.com/lab/Water-treatment-Industrial-applications-drive-demand_58253.html
January 24, 2014
Freedom Industries has filed for bankruptcy a week after a leak at one of its tanks containing 4-methylcyclohexane methanol (MCHM) forced a water ban in nine West Vriginia counties surrounding Charleston, WV—the state’s largest city....
http://www.chemweek.com/lab/Freedom-Industries-declares-bankruptcy-following-WV-spill_58278.html
January 24, 2014
Northwest Innovation Works (NWIW; Vancouver, WA) has proposed to build two large-scale methanol plants in the US Pacific Northwest. The proposed facilities would each cost $1 billion...
http://www.chemweek.com/lab/Chinese-group-plans-two-mega-methanol-plants-in-US-Pacific-Northwest-to-supply-olefins-feedstock_58289.html
January 24, 2014
Hedge fund Third Point (New York), on 21 January, revealed a “significant” investment in Dow Chemical and promptly urged management to consider spinning off its petrochemical operations....
http://www.chemweek.com/lab/Hedge-fund-Third-Point-pushes-Dow-for-petrochemical-spin-off_58280.html
January 23, 2014
Biodiesel producer Renewable Energy Group (Ames, IA) today announced it has acquired renewable chemical technology developer LS9 for a purchase price of up to $61.5 million, consisting...
http://www.chemweek.com/lab/Biodiesel-firm-acquires-LS9-for-$61-million_58203.html
January 21, 2014
Priorities for the American Cleaning Institute (ACI; Washington) in 2014 focus on advancing chemical management reform and continuing efforts to strengthen technical, outreach, and education programs, says Ernie Rosenberg, president and CEO of ACI. The organization will hold its annual meeting and industry convention in Orlando, FL, 27 January–1 February....
http://www.chemweek.com/lab/ACI-Chemical-management-reform-outreach-top-agenda_58082.html
January 21, 2014
Hedge fund Third Point LLC (New York) said this morning that it has taken a stake in Dow Chemical and urged management to evaluate a spinoff of its petrochemical operations....
http://www.chemweek.com/lab/Hedge-fund-Third-Point-calls-for-Dow-to-consider-spin-off-of-petrochemicals_58157.html
January 17, 2014
A chemical spill at Elk River, WV, on 9 January caused state officials to impose severe water-use restrictions to over 300,000 people in nine West Virginia counties....
http://www.chemweek.com/lab/West-Virginia-chemical-leak-leaves-300000-without-water_58072.html
January 17, 2014
Early earnings reports were mixed, as PPG Industries beat estimates on higher volumes in architectural and industrial coatings and H.B. Fuller fell short of expectations as gross margins declined....
http://www.chemweek.com/lab/Early-earnings-mixed-but-expectations-mostly-solid_58068.html
January 17, 2014
Soapers are facing a number of headwinds in 2014, including slower economic growth in emerging markets and cautious consumer spending in the United States. Consumer product companies...
http://www.chemweek.com/lab/Soaps-and-detergents-Consumers-remain-cautious_58079.html
January 16, 2014
Formosa Plastics is planning to invest in a new ethylene plant in Louisiana using shale gas feedstock, according to local reports citing Formosa Plastics’ chairman Lee...
http://www.chemweek.com/lab/Formosa-Plastics-plans-to-build-ethylene-plant-in-Louisiana_57973.html
January 10, 2014
ExxonMobil Chemical says its recently started ethylene plant in Singapore can crack crude oil as feedstock, eliminating the refining steps needed to produce naphtha. ExxonMobil officially opened its expanded Singapore chemical complex on 8 January....
http://www.chemweek.com/lab/ExxonMobil-says-Singapore-ethylene-unit-will-crack-crude_57881.html
January 10, 2014
Berkshire Hathaway has agreed to acquire the pipeline flow-improver chemicals business of Phillips 66, Phillips Specialty Products Inc. (PSPI), for roughly $1 billion....
http://www.chemweek.com/lab/Berkshire-to-acquire-Phillips-pipeline-chemicals-business_57880.html
January 3, 2014
The European Chemicals Agency (ECHA; Helsinki) says it expects, in 2014, to receive about twice the number of applications for authorization to use substances of very high concern...
http://www.chemweek.com/lab/ECHA-expects-applications-to-authorize-SVHCs-will-double-in-2014_57731.html
January 3, 2014
LyondellBasell Industries says it has completed the previously announced restart of the company's methanol plant at Channelview, TX. The plant was placed back into service in the...
http://www.chemweek.com/lab/LyondellBasell-restarts-methanol-plant-in-Texas_57716.html
January 3, 2014
Berkshire Hathaway (Omaha, NE) is acquiring Phillips Specialty Products Inc. (PSPI; Houston), a flow improver business, from Phillips 66 (Houston), Phillips 66 announced. In exchange...
http://www.chemweek.com/lab/Berkshire-Hathaway-to-acquire-specialty-polymers-business-from-Phillips-66_57699.html
January 3, 2014
Harold Simmons, chairman of the board of directors at NL Holdings—which comprises several titanium dioxide (TiO2) manufacturers, including NL Industries (Dallas) and Kronos...
http://www.chemweek.com/lab/NL-Holdings-and-Kronos-chairman-dies_57686.html
December 23, 2013

PPG Industries (Pittsburgh, PA) will soon pass a key milestone in its portfolio transformation as coatings revenues exceed 90% of sales.

...

http://www.chemweek.com/lab/PPG-Industries-Sharper-focus-on-coatings-core_57593.html
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