IHS Chemical Week

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May 4, 2015
A. Schulman says it is moving its Europe, Middle East and Africa (EMEA) shared services center to Poznan, Poland from Londerzeel, Belgium. The shared services center handles back...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Schulman-to-move-EMEA-services-center-to-Poland_70062.html
May 4, 2015
AkzoNobel said today that it has finalized the €153-million ($170.4 million) divestment of its global paper chemicals business to Kemira. The deal was first announced in July...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/AkzoNobel-completes-divesting-paper-chemicals-business-to-Kemira_70053.html
May 1, 2015
Huntsman says that its textile effects division has agreed to form a textile chemicals and dyes joint venture with Pürsan Pigment (Istanbul). The agreement builds on a...
http://www.chemweek.com/markets/specialty_chemicals/textile_chemicals/Huntsman-agrees-to-form-textile-chemicals-dyes-JV-in-Turkey_70016.html
May 1, 2015
Whitmore Manufacturing Company (Rockwall, TX), a subsidiary of investment firm Capital Southwest (Dallas), says it has acquired Strathmore Products (Syracuse, NY) for an undisclosed...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Capital-Southwests-Whitmore-acquires-industrial-coatings-maker_70026.html
May 1, 2015
International Flavors & Fragrances (IFF) today completed the acquisition of Ottens Flavors (Philadelphia), a maker of flavors technologies, for an undisclosed sum. The deal was...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/IFF-completes-Ottens-Flavors-acquisition_70025.html
May 1, 2015
KMG Chemicals said today it has completed the acquisition of Valves Incorporate of Texas (Val-Tex; Houston), which was announced in early April, for $23.7 million in cash plus 606,875...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/KMG-completes-Val-Tex-acquisition_70024.html
April 30, 2015
CP Kelco (Atlanta, GA) has received approval from the board to build a new, world-scale processing plant in Latin America for dry citrus peel. Citrus peel is the core raw material used...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/CP-Kelco-to-build-dry-citrus-processing-in-Latin-America_69989.html
April 30, 2015
DuPont and textile company Kolon Industries (Gyeonggi-Do, South Korea) today reached an agreement settling a legal dispute over Kolon’s alleged infringement of DuPont’s...
http://www.chemweek.com/markets/specialty_chemicals/textile_chemicals/DuPont-Kolon-settle-Kevlar-trade-secrets-case_70001.html
April 29, 2015
Ashland today reported fiscal second-quarter earnings from continuing operations of $95 million, or $1.39/share, compared with a loss of $61 million in the year-ago quarter. Sales...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Ashland-earnings-rise-on-higher-margins_69952.html
April 29, 2015
Ferro announced today it has agreed to acquire Nubiola Pigmentos (Barcelona), a maker of specialty inorganic pigments, for €146 million ($162.3 million). Nubiola is the...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Ferro-to-acquire-Spanish-pigments-firm_69950.html
April 29, 2015
Chemtura today reported first-quarter earnings of $21 million, more than double the year-ago quarter, on sales down 21% year-on-year (YOY), to $438 million. On a managed basis...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Chemtura-beats-estimates-on-lower-costs-higher-selling-prices_69949.html
April 29, 2015
Avery Dennison today reported first-quarter net income up 1% year-on-year (YOY), to $71.6 million, on sales down 1%, to $1.53 billion. Adjusted net income from continuing operations...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Avery-Dennison-beats-estimates-despite-lower-sales_69930.html
April 29, 2015
Dow Corning reports net income for the first quarter of $185 million, down 3.1% year-on-year (YOY) from $191 million. Sales totaled $1.36 billion, down 11% YOY. The declines reflect fewer polysilicon shipments to long-term contract customers, says J. Donald Sheets, the company’s executive v.p. and CFO. “These contracts have a degree of variability when customers take their product, and recent order patterns have resulted in customer orders being concentrated in the fourth quarter," he says....
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Dow-Cornings-sales-and-earnings-down_69926.html
April 29, 2015
The European Chemicals Agency (ECHA; Helsinki) and the Danish Environmental Protection Agency (DEPA; Copenhagen) have announced that they will jointly investigate the need for a...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/ECHA-calls-for-evidence-on-uses-of-phthalate-in-articles-preparation-for-restriction_69934.html
April 28, 2015
Croda International says it has broken ground on a £120m ($170 million) plant at its New Castle, DE facility that will be designed to produce non-ionic surfactants from renewable...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Croda-breaks-ground-on-Delaware-surfactants-plant_69905.html
April 28, 2015
Stepan (Northfield, IL) reports net income of $21.3 million, up 63% year-on-year (YOY) from $13.0 million. Sales declined 3.5% YOY to $460.5 million. Earnings of 93 cts/share blew past the analysts’ consensus estimate of 57 cts/share. The company attributes the strong results to actions taken in 2014 to improve product mix, reduce cost, and improve efficiency. Slightly higher volumes and margins offset the impact of a stronger US dollar....
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Stepan-income-up-63-percent-beats-estimates_69886.html
April 28, 2015
A. Schulman is undertaking a public offering of $110 million worth of cumulative perpetual convertible special stock, to help fund the $800-million acquisition of plastics compounder...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/A-Schulman-to-issue-special-stock-to-fund-Citadel-acquisition_69896.html
April 28, 2015
Ecolab today reported net income up 22% year-on-year (YOY), to $233.4 million, on sales down 1%, to $3.30 billion. Adjusted earnings totaled 80 cts/share, up 8% YOY, but slightly short...
http://www.chemweek.com/markets/specialty_chemicals/biocides/Ecolab-falls-slightly-short-of-estimates-cuts-guidance-on-currency_69892.html
April 22, 2015
Balchem says it has appointed Ted Harris as its president and CEO, effective 28 April. Harris was most recently senior v.p. and president/performance materials at Ashland. He headed...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/Former-Ashland-senior-v-p-to-join-Balchem-as-CEO_69678.html
April 21, 2015
DuPont today reported net income down 28% year-on-year (YOY), to $1.03 billion, on net sales down 9%, to $9.17 billion. Operating earnings totaled $1.34/share, beating analysts’...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/DuPont-earnings-fall-on-currency-impacts-but-beat-estimates_69641.html
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