IHS Chemical Week

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August 14, 2015
The State Council, China's cabinet, on Friday issued an emergency notice asking governments at all levels in the country to strengthen the safety management of hazardous chemicals and...
August 14, 2015
The impact of this week's surprise devaluation of the Chinese currency, the yuan, varies between companies selling to China or buying from China. For China's petrochemical industry...
August 6, 2015
Ciner Group (Istanbul) is preparing to leap into the top tier of soda ash producers. The company currently ranks outside the world top 10, but massive capital investment plans and the acquisition of OCI Resources (Atlanta) could propel Ciner into the number-two position by 2018, says Marguerite Morrin, senior director at IHS Chemical....
August 6, 2015
CF Industries on Thursday said that it has entered a definitive agreement with OCI (Amsterdam) under which CF will combine with OCI’s European and North American operations as...
August 6, 2015
Chemours has started a strategic review that could lead to sale of its chemical solutions segment excluding the cyanide business. The review was announced as part of a restructuring program that targets annualized cost savings of $350 million and incremental Ebitda improvement of $450 million by 2017. Chemours also said today its quarterly dividend going forward would be “significantly less” than the $100-million declared when the company was still part of DuPont....
July 31, 2015
Latin America’s petrochemical industry, in the first half of 2015, faced a broad reverse in regional economic growth compared with only a few years ago, when Latin American sizeable and diverse economies were growing faster than average worldwide GDP....
July 31, 2015
Solvay has reached a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $6.4 billion, including debt, in a bid to acquire a leading position in high-growth aerospace and automotive materials, the company says....
July 31, 2015
The strong US dollar hit earnings of North American specialty chemical manufacturers, with many companies reporting year-on-year (YOY) declines in earnings and sales—and falling...
July 31, 2015
Second-quarter financial results show US commodity and diversified chemical producers benefiting from a recovering domestic market but challenged abroad by the strong US dollar. Dow...
July 29, 2015
Univar posted a second-quarter net loss of $12.4 million due mainly to expenses related to the company’s initial public offering and debt repayment. The negative impact on a...
July 29, 2015
Solvay says that it has signed a definitive agreement to acquire Cytec Industries (Woodland Park, NJ) for $75.25/share in cash, or a total of $5.5 billion. The transaction price per...
July 28, 2015
LyondellBasell reports net income from continuing operations of $1.3 billion, up 7.8% year-over-year (YOY) as higher volumes and lower feedstock costs more than offset declines in product prices. Sales totaled $9.1 billion, up 11.7% YOY....
July 28, 2015
DuPont’s second-quarter results fell sharply on negative currency impacts, continued weakness in performance chemicals—a business it spun out to shareholders on 1...
July 24, 2015
BASF on Friday reported an increase in second-quarter sales and earnings and confirmed its outlook for the whole of 2015. Sales rose 3%, to €19.1 billion ($21.0 billion), and Ebit...
July 24, 2015
BASF said on Wednesday that it will form a global business unit (GBU) combining all of its pigments activities effective January 2016. In the second half of 2016, BASF intends to carve...
July 20, 2015
Methanol, traditionally, has been a chemical feedstock consumed in the manufacture of derivatives such as formaldehyde, acetic acid, methyl methacrylate, and methylamines....
July 17, 2015
Cytec Industries reports second-quarter net earnings of $54.7 million, down 26% year-on-year. Net sales were $508 million, down 4%. Excluding one-time items' reported earnings from continuing operations were 81 cts/share, 6% below analyst estimates compiled by Thomson Reuters (New York). 

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....
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....
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....
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