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January 28, 2014
Albemarle today reported fourth-quarter adjusted earnings of $88.4 million, or $1.08/share, down 16% year-on-year (YOY), but ahead of analysts' consensus estimate of $1.04/share as...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Albemarle-earnings-fall-YOY-but-beat-estimates_58379.html
January 28, 2014
Eastman Chemical (Kingsport, TN) has agreed to acquire BP’s $100-million/year global aviation turbine engine oil business, Eastman announced on 28 January. The acquisition will expand Eastman’s aviation products portfolio, which currently comprises its Skydrol aviation hydraulic fluids. Financial terms of the deal, which is expected to close in the second quarter, have not been disclosed....
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Eastman-buys-BPs-aviation-turbine-oil-business_58361.html
January 24, 2014
Elevance Renewable Sciences (Woodbridge, IL) says it has hired Robert (Bob) Kumpf as chief technology officer. Kumpf will focus on expanding Elevance's production and applications...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Elevance-hires-Kumpf-as-chief-technology-officer_58293.html
January 23, 2014
BASF announced today that it is implementing a series of measures in its paper chemicals business to improve competitiveness and profitability. The company is the global leading...
http://www.chemweek.com/markets/specialty_chemicals/paper_chemicals/BASF-to-restructure-paper-chemicals-business-may-exit-alkyl-ketene-dimer_58215.html
January 22, 2014
RPM has acquired Citadel Restoration and Repair (St. Paul, MN), a producer and marketer of premium concrete and wood deck floor coatings for the professional contractor and...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-acquires-concrete-coatings-maker_58194.html
January 22, 2014
BASF said today that it is investing about €7 million ($9.48 million) to expand and optimize resins production at its Münster, Germany, site. The expansion in capacity for...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-expands-resins-capacity-at-Munster_58144.html
January 22, 2014
Codexis last month abandoned the development of biobased detergent alcohols, but LS9 is pushing ahead with its own program. The firm continues to develop plans for commercial-scale production in Brazil, and construction could begin this year, according to Gary Juncosa, executive v.p./chemicals at LS9....
http://www.chemweek.com/markets/specialty_chemicals/surfactants/LS9-moving-forward-on-Brazil-fatty-alcohols-project_58158.html
January 21, 2014
Cambrios Technologies, , a Sunnyvale, CA-based company developing conductive films for electronic displays, says it has expanded its manufacturing capacity to 15 million m2/year of...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Cambrios-expands-film-capacity_58153.html
January 17, 2014
Caldic Sweden, a food ingredients distributor and subsidiary of specialty chemicals distributor Caldic (Rotterdam), has acquired the former production site of International Flavors...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/Distributor-Caldic-acquires-former-IFF-site-in-Sweden_58098.html
January 17, 2014
Braskem (São Paulo) has sold its water-treat unit (WTU) located in the Triunfo petrochemical complex in the state of Rio Grande do Sul, Brazil to Odebrecht Ambiental, a...
http://www.chemweek.com/markets/specialty_chemicals/water_treatment/Braskem-sells-water-treatment-unit-at-Triunfo-petchem-complex-to-Odebrecht_58090.html
January 16, 2014
PPG today reported fourth-quarter net income from continuing operations up 33% year-on-year (YOY), to $254 million, or $1.78/share, on sales up 14%, to $3.7 billion. Adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-earnings-up-33-percent-beat-estimates-as-volumes-rise_58010.html
January 16, 2014
International Flavors & Fragrances (IFF) said today that it has acquired Aromor Flavors & Fragrances (Kibbutz Givat Oz, Israel), a producer of complex specialty...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/IFF-acquires-Israeli-flavors-and-fragrances-firm-Aromor_58007.html
January 15, 2014
H.B. Fuller today reported fiscal fourth-quarter earnings down 12% year-on-year (YOY) to $22 million, or 43 cts/share, on revenues up 4%, to $533.5 million. Excluding special charges...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/H-B-Fuller-earnings-fall-short-of-estimates_57997.html
January 15, 2014
InChem (Rock Hill, SC), a custom chemical manufacturer and maker of phenoxy, is investing $15 million to purchase and expand a facility in Charlotte, NC, the company says. The facility...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/InChem-buys-manufacturing-site-in-North-Carolina_57981.html
January 10, 2014
Axalta today broke ground on a new $50-million waterborne coatings facility near Shanghai, the company says. The plant will supply up to 25,000 m.t. of waterborne coatings for the...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Axalta-to-build-new-coatings-plant-in-China_57903.html
January 8, 2014
RPM International today announced fiscal 2014 second-quarter earnings up 52.5% year-on-year (YOY), to $63.6 million, on sales up 5.3%, to $1.02 billion. Earnings rose 21.1% YOY on an...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/RPM-earnings-rise-beat-estimates_57797.html
January 7, 2014
AkzoNobel says it has divested its primary amides business to PMC Group (Mount Laurel, NJ). Financial details of the transaction have not been disclosed. The deal includes a...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/PMC-acquires-AkzoNobels-primary-amides-business_57788.html
January 7, 2014
A. Schulman has reported fiscal first-quarter net income up 5% year-on-year (YOY), to $12.4 million, on net sales up 10%, to $585.4 million. Adjusted income, which excludes...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Schulman-earnings-rise-5-percent-YOY_57778.html
January 7, 2014
PolyOne today announced that it is realigning its North American business “to better serve customers and to increase utilization of its manufacturing assets.” The actions...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PolyOne-realigns-business-in-North-America-following-Spartech-acquisition_57777.html
January 7, 2014
Ultrapar (São Paulo) will invest about 1.5 billion reais ($629.8 million) during 2014, according to the company's investment plan, published on 6 January. The company has...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Ultrapar-to-invest-244-million-reais-in-Oxiteno-ethoxylate-expansions-this-year_57772.html
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