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November 26, 2013
Songwon (Ulsan, South Korea) reported 8.31 billion Korean won ($7.82 million) in profit during the third quarter, the company reported today, 46% higher year-on-year. Ebitda stood at 10.71 billion won, about 40% below Ebitda for the third quarter last year. Sales meanwhile rose 0.8% Y-O-Y to 175.8 billion won. "This has been a tough quarter but, once again, we have continued to demonstrate our growth potential. We have been able to offset softening selling prices with raw material prices following the same trend, however we do not expect this to continue as economies start to rebound," Jongho Park, chairman and CEO of Songwon....
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/Songwon-third-quarter-profit-up-over-46-percent_56956.html
November 25, 2013
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it has acquired Guatemalan flavors company Aroma SA, held by pharmaceutical company International Aroma...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Frutarom-acquires-Guatemalan-flavors-company_56938.html
November 22, 2013
Solvay has agreed to acquire the specialty chemical assets of ERCA Química (Itatiba, Brazil), Solvay announced today. Solvay says the acquisition more than double...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Solvay-to-acquire-ERCA-Quimica-specialty-chemical-assets-in-Brazil_56915.html
November 22, 2013
PPG has officially opened an expansion of organic light-emitting diode (OLED) materials production at the company’s Barberton, OH site. The new OLED production came online...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/PPG-expanding-OLED-materials-production-in-Ohio_56917.html
November 21, 2013
Oxiteno, a subsidiary of Ultrapar (São Paulo), has received approval from Brazil's antitrust authority CADE (Brasilia) to acquire American Chemical (Montevideo), CADE...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Oxitenos-acquisition-of-American-Chemicals-approved-by-Brazils-antitrust-authority_56854.html
November 21, 2013
AkzoNobel announced today that it is closing two coil coatings production sites, one at Gamleby, Sweden and the other at Nurnberg, Germany. Production at the Gamleby site will be...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/AkzoNobel-to-close-coil-coatings-plants-in-Sweden-and-Germany_56869.html
November 21, 2013
Johnson Matthey (London) reported £174.3 million ($281.1 million) in profit for its fiscal first half ended 30 September 2013, an increase of about 22% on the same period the...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Johnson-Matthey-reports-22-percent-increase-in-first-half-profits_56849.html
November 21, 2013
Wacker Chemie announced today that it will expand capacity for dispersible polymer powders at Nanjing, China in 2014. The company plans to double the existing 30,000 m.t./year capacity...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Wacker-Chemie-to-double-dispersible-polymer-powders-capacity-at-Nanjing_56843.html
November 21, 2013
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it has completed the previously announced acquisition of a 75% stake in Protein Technologies Ingredients...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Frutarom-completes-acquisition-of-Russian-flavors-company_56841.html
November 20, 2013
Sociedad Química y Minera de Chile (SQM; Santiago) reported $138.9 million in net income during the third quarter of 2013, down almost 16% from $165.2 million during the same...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/SQMs-third-quarter-net-income-falls-almost-16-percent_56801.html
November 19, 2013
Thomas Swan & Co. (Consett, UK) says it has commissioned a carbon nanotube purification plant at the company's Consett production site. The plant has a capacity of 500 kg/year and...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/UK-firm-commissions-carbon-nanotubes-plant_56796.html
November 19, 2013
Valspar today reported fiscal fourth-quarter earnings of $63.5 million, down 14% year-on-year (YOY), on sales up 8%, to $1.1 billion. Excluding restructuring charges, adjusted earnings...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Valspar-earnings-beat-estimates-on-rising-sales_56781.html
November 18, 2013
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it has concluded the terms of an agreement for the acquisition of 75% of the share capital of the Protein...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Frutarom-acquires-Russian-flavors-company_56746.html
November 14, 2013
Eastman Chemical has opened a specialty fluids testing lab in Singapore for Therminol-branded heat-transfer fluids and Skydrol-branded aviation hydraulic fluids, the company says. The...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Eastman-opens-specialty-fluids-testing-lab-in-Singapore_56692.html
November 14, 2013
KMG Chemicals will cease production at its electronic chemicals plant in Milan and transfer production sites in France and the UK, the company says. The Milan site, which was acquired...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/KMG-Chemicals-to-cease-production-in-Italy_56704.html
November 13, 2013
The European Chemicals Agency (ECHA; Helsinki) says it has received seven applications for authorization for uses of bis(2-ethylhexyl)phthalate (DEHP) and dibutyl phthalate (DBP) under...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/DEHP-DBP-authorization-under-Reach-ECHA-initiates-eight-week-public-consultation_56671.html
November 13, 2013
BASF said today that it will build a coating additives production plant at Nanjing, China, which will cater for the Chinese and Asia/Pacific markets. The move will further strengthen...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/BASF-to-build-coating-additives-plant-at-Nanjing-to-serve-AsiaPacific_56664.html
November 12, 2013
Rockwood has reported third-quarter adjusted net income of $48.2 million, or 63 cts/share, down 31.5% year-on-year (YOY), on sales up 3.2%, to $890.1 million. Actual net income totaled...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Rockwood-nets-big-one-time-gain-on-ceramics-sale-adjusted-earnings-fall_56644.html
November 12, 2013
Paints and coatings company Tikkurila (Helsinki) says it will change its external reporting structure by reducing to two reporting segments instead of the previous four. The company's...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Tikkurila-to-change-reporting-structure-from-2014_56638.html
November 8, 2013
Johnson Matthey (JM) has opened a €60-million expansion of its emission-control catalysts facility at Bunardzik, Macedonia. The expansion consists of two additional manufacturing...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Johnson-Matthey-completes-emission-control-catalysts-expansion-in-Macedonia_56587.html
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