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July 22, 2014
Tesoro (San Antonio) says it plans to produce petrochemical feedstock in its US west coast refining system. The company intends to gather intermediate feedstock, primarily reformate...
http://www.chemweek.com/lab/Tesoro-to-produce-xylene-on-US-West-Coast-for-export-to-Asia_62629.html
July 18, 2014
PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and operating regions and for the information technology (IT); environment, health, and safety (EH&S); and purchasing functions....
http://www.chemweek.com/lab/PPG-names-COO_62554.html
July 18, 2014
Coating makers PPG Industries and Sherwin-Williams (SW) both report solid second-quarter results, since earnings increased year-on-year (YOY) and beat estimates on rising sales and volumes....
http://www.chemweek.com/lab/Coatings-makers-post-solid-second-quarter-earnings_62567.html
July 18, 2014
Alpek and BASF have signed agreements covering the expandable polystyrene (EPS) and polyurethane (PU) business activities of their Polioles joint venture in Mexico and BASF’s EPS business in North America and South America, excluding BASF’s Neopor grey EPS business....
http://www.chemweek.com/lab/Alpek-BASF-plan-EPS-and-polyols-swap-in-the-Americas_62563.html
July 18, 2014
Albemarle has reached an agreement to acquire Rockwood Holdings, a leading producer of lithium and surface treatment chemicals, for $6.2 billion in cash and stock in a bid to recharge revenue and earnings growth....
http://www.chemweek.com/lab/Albemarle-to-buy-Rockwood-Holdings-for-$6-2-billion_62562.html
July 17, 2014
PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and...
http://www.chemweek.com/lab/PPG-names-McGarry-as-COO_62512.html
July 11, 2014
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS)...
http://www.chemweek.com/lab/Alpek-to-acquire-large-part-of-BASFs-EPS-business-BASF-to-buy-Polioless-PU-operations-Update_62393.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/lab/Axiall-lowers-earnings-expectations_62396.html
July 10, 2014
The chemical industry in Germany is starting to feel the wind in its sails, chemical trade association VCI (Frankfurt) said at a press conference today. Domestic production of...
http://www.chemweek.com/lab/German-chemical-industry-feels-tail-wind-first-half-output-up-3-percent_62366.html
July 10, 2014
Archer Daniels Midland (ADM) today announced that it is acquiring Wild Flavors GmbH (Zug, Switzerland), for an enterprise value of approximately €2.3 billion ($3.13 billion)...
http://www.chemweek.com/lab/Archer-Daniels-Midland-to-buy-Wild-Flavors-for-$3-billion_62266.html
July 7, 2014
Kraton Performance Polymers notified LCY Chemical (Taipei) on 30 June that Kraton’s board of directors intends to withdraw its recommendation that Kraton stockholders approve the...
http://www.chemweek.com/lab/Kraton-rethinks-merger-with-LCY-Chemicals-SBC-business_62305.html
July 7, 2014
After three years of flat to negative growth, US basic chemicals production, powered by rising domestic demand and increasing export opportunities, will ramp up this year and remain...
http://www.chemweek.com/lab/ACC-US-basics-production-to-snap-back-this-year_62294.html
July 7, 2014
Ineos will acquire BASF’s 50% stake in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion), the companies have announced. The shareholders’ agreement, signed in 2011, includes a call option favoring Ineos purchasing BASF’s stake in the jv, the companies say....
http://www.chemweek.com/lab/Ineos-to-acquire-BASFs-50-percent-stake-in-Styrolution-for-&euro1-10-billion_62290.html
July 7, 2014
PPG Industries has reached a definitive agreement to acquire Consorcio Comex (Mexico City), a leading Mexican producer of architectural and industrial coatings, for $2.3 billion....
http://www.chemweek.com/lab/PPG-to-acquire-Mexicos-Comex-for-$2-3-billion_62289.html
July 7, 2014
Tata Chemicals Limited (TCL), the chemcial operations of the Indian conglomerate Tata Group, has been growing domestically and internationally—with a clear leadership presence in India...
http://www.chemweek.com/lab/Tata-Chemicals-Targeting-growth-in-soda-ash-and-fertilizers_62061.html
June 30, 2014
PPG Industries has reached a definitive agreement to acquire Consorcio Comex (Mexico City), a leading Mexican producer of architectural and industrial coatings, for $2.3 billion. The...
http://www.chemweek.com/lab/PPG-Industries-to-acquire-Mexicos-Comex-for-$2-3-billion_62154.html
June 30, 2014
The outlook for electronic chemicals is improving following several years of tepid demand growth, say suppliers to the semiconductor sector. New chemistries and close collaboration are required to help chip makers meet the daunting technical challenge of meeting Moore’s Law through new chip architectures....
http://www.chemweek.com/lab/Electronic-chemicals-New-materials-keep-Moores-Law-on-track_62112.html
June 27, 2014
Univar filed late Friday for an initial public offering (IPO). The number of shares and price range for the offering have not yet been determined. Proceeds will be used to repay long-term debt, Univar says....
http://www.chemweek.com/lab/Distributor-Univar-files-for-IPO_62141.html
June 27, 2014
Univar will soon select Deutsche Bank, Goldman Sachs, and Bank of America to underwrite Univar's anticipated initial public offering (IPO), according to a Reuters report. Univar...
http://www.chemweek.com/lab/Report-Univar-to-select-banks-for-IPO_61765.html
June 27, 2014
Dow Chemical will begin constructing its 1.5-million m.t./year Freeport, TX, ethylene plant on 30 June. The project, which received final permitting approval from EPA in May, remains on track for start-up in the first half of 2017....
http://www.chemweek.com/lab/Dow-nears-start-of-construction-on-Freeport-ethane-cracker_62019.html
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