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April 18, 2013
Cytec has announced first-quarter earnings down 36.9% YOY, to $33.5 million, or 73 cts/share, on sales up 26.3%, to $477.4 million. Excluding special items, however, earnings rose...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Cytec-earnings-fall-short-of-estimates-guidance-cut-due-to-economic-risk_51297.html
April 18, 2013
PPG has reported first-quarter adjusted net income of $235 million, or $1.58/share, on sales that were flat, at $3.33 billion. Adjusted net income rose 8.8% from the year-ago quarter...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-beats-estimates-on-steady-sales_51283.html
April 16, 2013
Sika's (Baar, Switzerland) sales decreased by just over 1% during the first quarter of this year, to 1.04 billion Swiss francs ($1.6 billion), compared with the first quarter of 2012...
http://www.chemweek.com/markets/specialty_chemicals/plastic_additives/Sikas-first-quarter-sales-slip-because-of-cold-weather-across-Europe-North-America_51206.html
April 16, 2013
Givaudan reports sales of 1.09 billion Swiss francs ($1.67 billion) during the first quarter of 2013, an increase of 2.7% on the same quarter the year before, the company announced...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Givaudans-first-quarter-revenue-up-almost-3-percent_51204.html
April 15, 2013
Berger Paints India (Kolkata) has informed the Bombay Stock Exchange that it has agreed to acquire the architectural paints business of Sherwin-Williams (SW) Paints India for an...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Berger-buys-from-SW_51135.html
April 15, 2013
Perstorp and Johnson Matthey (JM) say that JM has acquired Perstorp’s formaldehyde technology and catalyst business, Formox (Perstorp, Sweden), for 1.05 billion Swedish kronor...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/JM-buys-Perstorp-catalyst-and-technology-business_51131.html
April 15, 2013
PPG Industries has completed the $1.05-billion purchase of AkzoNobel’s North American architectural coatings business. The acquired business had 2012 sales of €1.19 billion...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-completes-AkzoNobel-decorative-coatings-acquisition_51140.html
April 15, 2013
Cytec has closed the $1.15-billion sale of its coating resins business to private equity firm Advent International (New York). The deal, which was announced in October, completed a...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Cytec-closes-sale-of-coating-resins-business-to-private-equity-firm_51117.html
April 15, 2013
Evonik in North America is traveling around the United States to display its Wind Explorer 200-lb lightweight electric vehicle after recently completing a nearly 3,000-mile trip across...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/-debuts-electric-car_51127.html
April 15, 2013
PPG has acquired Deft (Irvine, CA), a maker of aerospace coatings, including structural primers and military topcoats, the company says. Financial details of the deal, including...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-maker-of-aerospace-coatings_51123.html
April 15, 2013
Solvay and AkzoNobel have established a partnership to increase the use of biobased solvents in AkzoNobel’s paints. The agreement covers oxygenated solvents, specifically...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Solvay-Akzo-biosolvents-deal_51091.html
April 15, 2013
Amyris and Firmenich say they have expanded their efforts to develop renewable ingredients for the flavors and fragrances market. Under a 2010 collaboration, Firmenich funded Amyris...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Amyris-extends-flavors-fragrances-collaboration-with-Firmenich_51090.html
April 15, 2013
Asahi Kasei Fibers (AKF), an Asahi Kasei subsidiary, says it will invest about ¥3 billion ($32 million) to build a plant at Nobeoka, Japan, for the production of the...
http://www.chemweek.com/markets/specialty_chemicals/textile_chemicals/Asahi-Kasei-to-build-cellulosic-fiber-facility-in-Japan_51081.html
April 15, 2013
The Chinese government says that a major state-owned rare earth production company has been created at Ganzhou, in Jiangxi Province in southeastern China, for the sustainable...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Major-rare-earth-company-formed-at-Ganzhou-China_51079.html
April 15, 2013
Jana Partners (New York), a hedge fund and activist shareholder, has purchased a 7.4% stake in Ashland and held discussions with company management regarding Ashland’s...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Activist-shareholder-buys-up-Ashland-stake-prompting-asset-sale-rumors_51181.html
April 15, 2013
Barentz Group (Hoofddorp, Netherlands) has acquired an undisclosed equity stake in NK Chemicals (NKC; Wakefield, UK) with the aim of strengthening the activities of each company in the...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/Barentz-takes-stake-in-lanolin-distributor-NK-Chemicals_51172.html
April 15, 2013
Dynea (Helsinki) has formed a new company, Dynea North (Lillestrøm, Norway), focusing on the speciality wood adhesives market in Europe, the company said today. The new firm is...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Dynea-forms-dedicated-wood-adhesives-company_51170.html
April 12, 2013
Solvay says it will build a specialty surfactant plant at an industrial park at Genthin, close to Berlin. The facility will develop and produce surfactant solutions for Solvay’s...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Solvay-to-build-surfactants-plant-in-Germany_51147.html
April 11, 2013
PPG has acquired Deft (Irvine, CA), a maker of aerospace coatings, including structural primers and military topcoats, the company says. Financial details of the deal, including...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/PPG-acquires-aerospace-coatings-maker_51076.html
April 10, 2013
Albemarle announced today that it is increasing global prices of its fluid catalytic cracking (FCC) catalysts by about $350/m.t., effective immediately. The company says the increase...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Albemarle-Grace-raise-FCC-catalyst-prices_51063.html
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