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July 26, 2013
Live from
K-ShowStyron has assumed ownership of Dow Chemical's 50% stake in the Sumitomo Dow Ltd. (Tokyo) polycarbonate (PC) joint venture. Sumitomo Chemical holds the other 50% of the jv. The deal...
http://www.chemweek.com/lab/K2010-Styron-Takes-Dows-Stake-in-PC-Venture-with-Sumitomo_30478.html
July 26, 2013
Styron announced today the appointment of Martin Pugh as senior v.p. and business president/plastics effective 1 March 2013. Pugh will be a member of the executive leadership team...
http://www.chemweek.com/lab/Styron-appoints-Martin-Pugh-as-plastics-business-president_48976.html
July 26, 2013
Bain Capital (Boston) is planning a $1.6-billion initial public offering (IPO) of Styron, reports say. Bain purchased Styron from Dow Chemical last year, and Dow retains a 7.5% stake...
http://www.chemweek.com/lab/Bain-Planning-Styron-IPO_33377.html
July 26, 2013
Styron will change its name to Trinseo later this year. Private Equity firm Bain Capital (Boston) bought Styron from Dow Chemical in June 2010 for $1.63 billion. Styron product lines...
http://www.chemweek.com/lab/Styron-to-Change-Name-to-Trinseo_34084.html
July 26, 2013
Pappas: Styron, soon Trinseo, seeks listing. Styron has filed with U.S. regulators for a proposed initial public offering (IPO), seeking to raise as much as $400 million. The filing is...
http://www.chemweek.com/lab/Bain-Capitals-Styron-Files-for-$400-Million-IPO_36013.html
July 26, 2013
Styron has appointed John Feenan as executive v.p. and CFO, effective January 16. He will also serve on Stryon’s executive leadership team. Feenan joins Styron from JMC Steel...
http://www.chemweek.com/lab/Styron-Appoints-CFO_40242.html
July 26, 2013
Styron Europe has announced a price increase of €110/m.t. ($144) across its polystyrene (PS) range, including its general-purpose PS and high-impact polystyrene (HIPS)...
http://www.chemweek.com/lab/Styron-announces-&euro110m-t-PS-increase-on-the-back-of-rising-feedstock-costs_48803.html
July 26, 2013
Styron has proposed changes for the settlement of monthly polystyrene (PS) contacts in Europe, calling for contracts to close in the first week, but not later than the tenth working...
http://www.chemweek.com/lab/Styron-Seeks-Changes-to-Polystyrene-Contract-Settlements-in-Europe_42157.html
July 26, 2013
Styron today held an official opening ceremony for its solution styrene butadiene rubber (S-SBR) plant at Schkopau, Germany. The company was joined by Reiner Haseloff...
http://www.chemweek.com/lab/Styron-commissions-S-SBR-plant-in-Germany_46979.html
July 26, 2013
Styron Europe (Horgen, Switzerland), leader in the production of styrene butadiene (SB) latex, has reduced SB latex capacity in Europe, the company announced today. Styron reduced...
http://www.chemweek.com/lab/Styron-cuts-styrene-butadiene-latex-capacity-in-Europe-on-declining-demand_51663.html
July 26, 2013
Styron Europe (Horgen, Switzerland), a leader in the production of styrene butadiene (SB) latex, says it has reduced SB latex capacity for an indefinite period in Europe. Styron cut...
http://www.chemweek.com/lab/Styron-lowers-latex-capacity-on-declining-demand_52090.html
July 26, 2013
Styron Europe, a Styron subsidiary; and the Ravago Group (Arendonk, Belgium) have signed a definitive agreement, under which Styron’s expandable polystyrene (EPS) business will...
http://www.chemweek.com/lab/Styron-Europe-sells-EPS-business-to-Ravago-Group_53959.html
July 26, 2013
Ashland announced last week that it intends to sell its elastomers business and is “exploring options,” including a possible sale, for its water technologies business. The...
http://www.chemweek.com/lab/Ashland-to-sell-water-technologies-elastomers_53936.html
July 26, 2013
DuPont announced 23 July that it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a “higher growth, less cyclical company.”...
http://www.chemweek.com/lab/DuPont-exploring-sale-or-split-of-performance-chemicals-unit_53949.html
July 26, 2013
Dow announced in its earnings call on 25 July that it is evaluating strategic options for underperforming businesses, specifically epoxies, chlorine derivatives, and building and...
http://www.chemweek.com/lab/Dow-may-divest-epoxies-and-chlorine-derivatives_53935.html
July 25, 2013
Air Products has adopted a stockholder rights plan, or so called ‘poison pill,’ noting “unusual and substantial activity” in its shares. The plan will be triggered if a person or group acquires 10%, or 20% in the case of institutional investors, of the company’s common stock....
http://www.chemweek.com/lab/Air-Products-adopts-poison-pill_53910.html
July 25, 2013
Dow Chemical reported higher second-quarter profits, driven by an advantaged feedstock position in North America, strong adoption of corn seeds and new crop protection products by farmers, and previously announced cost-cutting programs. The company says it is also evaluating underperforming businesses, specifically epoxies, chlorine derivatives, and building and construction outside North America, which together represent $6 billion in annual revenue. "Here we see the need for more dramatic interventions," Liveris told investors on a conference call this morning. "Therefore, these businesses are in the fix-take action mode, which includes exploring all possibilities, including joint venturing or divesting them."...
http://www.chemweek.com/lab/Dow-Chemical-posts-higher-profits-considering-options-for-epoxy-and-chlorine-derivatives-units_53900.html
July 25, 2013
Ashland today reported fiscal third-quarter income from continuing operations down 26.9% year-on-year (YOY), to $117 million, on sales down 4%, to $2.1 billion. The declines were...
http://www.chemweek.com/lab/Ashland-to-sell-water-technologies-elastomers-earnings-fall_53901.html
July 23, 2013
DuPont says it is exploring the sale or spin-off of its $7-billion/year performance chemicals unit as part of its transformation to a "higher growth, less cyclical company.” DuPont’s performance chemicals business includes titanium dioxide, fluorochemicals, and specialty and industrial chemicals. DuPont also reports second-quarter net income of $1.03 billion, down 12% year-on-year (YOY). Reported adjusted earnings were $1.28/share, down 15% YOY and in line with lowered company guidance announced in June....
http://www.chemweek.com/lab/DuPont-exploring-sale-of-performance-chemicals-unit_53831.html
July 23, 2013
DuPont shares rose 5.3% on 17 July following reports that Trian Fund Management (New York), run by activist investor Nelson Peltz, has acquired a large stake in the company....
http://www.chemweek.com/lab/DuPont-shares-soar-on-report-that-activist-investor-Trian-has-purchased-stake_53717.html
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