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April 30, 2014
Finding ways to expand the uses of existing products in new applications will be a key growth driver for specialty chemical makers in the coming years, according to a SpecialChem (Paris) survey of industry executives....
http://www.chemweek.com/lab/Survey-New-applications-key-to-fueling-growth_60562.html
April 29, 2014
Westlake Chemical has announced plans to carve out its ethylene assets and place them into a separately traded limited partnership....
http://www.chemweek.com/lab/Westlake-to-place-ethylene-assets-in-limited-partnership_60664.html
April 28, 2014

While sharp yen depreciation and aggressive fiscal stimulus have helped stabilize Japan’s economy, producers continue to target specialties and higher-performance materials for which value and competitive position have not set by energy or feedstock costs.

...

http://www.chemweek.com/lab/Japan-Heading-for-higher-ground_60589.html
April 28, 2014

While the primary beneficiaries of shale gas have been North American commodity chemical producers, specialties makers, too, hope for cheaper raw materials and a lift for US industrial production because of cheap energy costs. Growth in automotive and construction and rising costs in high-growth economies are also making North America more competitive.

...

http://www.chemweek.com/lab/Managing-specialties-Back-in-the-US-of-A_60378.html
April 25, 2014
Enterprise Products Partners (Houston) is building a fully refrigerated ethane export facility on the Texas Gulf Coast, the company announced on 22 April. Enterprise expects the facility, which will be able to load up to 240,000 bbl/day of ethane, will begin operations in the third quarter of 2016....
http://www.chemweek.com/lab/Enterprise-to-build-ethane-export-facility-on-Texas-Gulf-Coast_60574.html
April 25, 2014
PotashCorp reports first-quarter net income of $340 million, down 38% year-on-year (YOY). Earnings were 40 cts/share, above analyst estimates of 35 cts/share, according to Thomson...
http://www.chemweek.com/lab/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60578.html
April 25, 2014
Specialty chemical earnings have mostly beat estimates on volume gains. Bad weather hurt W.R. Grace’s results, although the company beat analysts’ expectations. 3M’s...
http://www.chemweek.com/lab/Specialty-earnings-solid-across-various-end-markets_60579.html
April 25, 2014
North American commodity chemical producers report a solid first quarter despite some weather-related impacts. Productivity gains are a frequent theme. Dow Chemical reports stronger...
http://www.chemweek.com/lab/Commodity-earnings-margins-reflect-productivity-gains_60583.html
April 24, 2014
Eastman today announced its first quarter results, with net income dropping 6% year-on-year (YOY), to $233 million. Reported adjusted earnings of $1.61/share were 1 ct below the year-ago quarter but above analyst estimates of $1.58/share, according to Thomson Reuters (New York). Sales of $2.3 billion were flat YOY....
http://www.chemweek.com/lab/Eastman-earnings-down-on-flat-sales-in-first-quarter_60585.html
April 24, 2014
Air Products told investors on its earnings call 23 April that the search for its next CEO continues. Air Products announced last September that current CEO John McGlade will...
http://www.chemweek.com/lab/Air-Products-says-search-for-CEO-on-track_60540.html
April 21, 2014
Platform Specialty Products (PSP; Waterbury, CT) has entered into a definitive agreement to acquire Chemtura's pesticides business for $1 billion. The price consists of $950...
http://www.chemweek.com/lab/Platform-acquires-Chemturas-pesticides-business-for-$1-billion_60358.html
April 21, 2014
DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY). Weak agricultural results offset gains across other segments. Operating earnings of...
http://www.chemweek.com/lab/DuPont-earnings-up-1-percent-despite-revenue-slip-on-weak-ag-results_60409.html
April 21, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), controlled by private equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an...
http://www.chemweek.com/lab/Momentive-Performance-Materials-files-for-Chapter-11_60387.html
April 21, 2014
SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen, and propofol businesses of Albemarle for an undisclosed amount of cash....
http://www.chemweek.com/lab/SI-Group-to-acquire-Albemarles-antioxidants-and-ibuprofen-business_60422.html
April 17, 2014
Platform Specialty Products (Miami) has entered into a definitive agreement to acquire Chemtura’s pesticides business for $1 billion. The price consists of $950 million in cash plus 2 million shares of Platform common stock....
http://www.chemweek.com/lab/Platform-acquires-Chemturas-agchems-business-for-$1-billion_60408.html
April 16, 2014
SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing...
http://www.chemweek.com/lab/SI-Group-to-acquire-Albemarles-antioxidants-and-ibuprofen-business_60349.html
April 14, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....
http://www.chemweek.com/lab/Momentive-Performance-Materials-files-for-Chapter-11-updated_60267.html
April 14, 2014
Global economic and chemical output growth should continue to accelerate in 2014. “With improving economic prospects, headline growth for chemicals globally will improve to 3.8% in 2014,” says Kevin Swift, ACC chief economist and managing director. That number is up from expected global growth of 2.4% in 2013...
http://www.chemweek.com/lab/Outlook-2014-Looking-forward_57898.html
April 11, 2014
Koch Industries and the private equity arm of Goldman Sachs have agreed to acquire printing inks maker Flint Group (Luxembourg) from CVC Capital Partners (London). Flint is the second-largest global producer of printing inks after DIC (Tokyo). Flint revenues for 2013 were €2.2 billion ($2.9 billion). Terms of the sale were not disclosed but sources say the price was close to Flint's 2013 revenues, $2.9 billion, and that the equity contribution of both Goldman and Koch will be roughly equal....
http://www.chemweek.com/lab/Goldman-Sachs-Koch-Industries-partner-to-acquire-Flint-Group-updated_60231.html
April 4, 2014
Balchem says it has agreed to acquire SensoryEffects (St. Louis), a privately-held maker of food and beverage ingredients, for $567 million. SensoryEffects’ 2014 revenues should...
http://www.chemweek.com/lab/Balchem-to-acquire-food-ingredients-maker-SensoryEffects_59971.html
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