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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
June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/lab/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
June 27, 2014
DuPont cut its second-quarter and full-year earnings outlook, citing a lower-than-expected quarterly performance from its agriculture segment and, to a lesser extent, its performance...
http://www.chemweek.com/lab/DuPont-cuts-outlook-on-weak-ag-results_62090.html
June 20, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground for the construction of two 500,000 m.t./year polyethylene plants at its site in Old Ocean, TX....
http://www.chemweek.com/lab/CPChem-begins-construction-of-polyethylene-plants-at-Old-Ocean-TX_61886.html
June 20, 2014
ExxonMobil Chemical says it has begun constructing second steam cracker at its Baytown, TX, facility and two downstream polyethylene lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit last month....
http://www.chemweek.com/lab/ExxonMobil-begins-expanding-Baytown-ethylene-PE_61929.html
June 20, 2014
Cefic says that Europe's output of chemicals will grow by 2.0% this year on the back of rising industrial demand, in particular from the automotive industry. Production is expected to...
http://www.chemweek.com/lab/Cefic-Europes-chemical-output-to-grow-2-0-percent-this-year_61945.html
June 18, 2014
Air Products has named Rockwood Holdings chairman and CEO Seifi Ghasemi as its next chairman and CEO, effective 1 July. He succeeds John McGlade, who will retire from Air Products on 30 June. Rockwood has named Robert Zatta as acting CEO effective 1 July in addition to his role as CFO....
http://www.chemweek.com/lab/Air-Products-names-Rockwoods-Ghasemi-as-next-CEO_61897.html
June 16, 2014
BASF has maintained its top spot in CW’s Billion Dollar Club 2012—our annual ranking of companies by chemical revenues on a dollar basis—with China’s Sinopec taking the second slot....
http://www.chemweek.com/lab/Billion-Dollar-Club-2012-BASF-takes-top-ranking-for-seventh-straight-year_55646.html
June 13, 2014
Occidental Petroleum has named Robert Peterson president of OxyChem, effective 1 August. Peterson succeeds Chuck Anderson, who will retire on 31 July. Peterson has served as senior v.p./basic chemicals since 2009....
http://www.chemweek.com/lab/Next-OxyChem-president-announced_61778.html
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