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February 23, 2012
AkzoNobel says it will break ground on a previously announced £100 million ($157 million) decorative paints manufacturing facility at Ashington, U.K. in June or July of this year...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/AkzoNobel-to-Start-Building-Large-scale-Paints-Plant-in-the-U-K-_41532.html
February 22, 2012
Lanxess (Leverkusen) says it has invested $10 million in BioAmber (Mineapolis, MN) as a part of a private placement. The investment strengthens Lanxess's commitment to renewable raw...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Lanxess-Invests-$10-Million-in-BioAmber_41534.html
February 21, 2012
Paints and coatings company Jotun (Sandefjord, Norway) says sales increased 9.2% in full-year 2011, to NK10.7 billion ($1.9 billion) compared with NK 9.8 billion in 2010. Operating...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/High-Raw-Material-Prices-Impact-Jotuns-2011-Results_41503.html
February 21, 2012
BASF says it plans to phase out the production and sale of lead chromate pigments by the end of 2014. The move follows the European Union’s (EU) evaluation of the substance under...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Reach-Legislation-Drives-BASF-to-Phase-Out-Lead-Chromate-by-2015_41493.html
February 17, 2012
The Seoul Central District court has rejected claims by Dow Chemical alleging that LG Chem infringed on Dow’s patented elastic polymer production technology. Dow says it will...
http://www.chemweek.com/markets/specialty_chemicals/adhesives_and_sealants/Korean-Court-Rejects-Dows-Patent-Suit-Against-LG-Chem_41470.html
February 16, 2012
Huntsman’s fourth-quarter net income rose 350% year-on-year, to $105 million, or 44 cts/share, on revenues up 9%, to $2.6 billion. However, results in both quarters were...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Huntsman-Adjusted-Earnings-Rise-13-percent-on-Price-Increases_41401.html
February 15, 2012
Valspar reported fiscal first-quarter net income of $55.8 million, or 58 cts/share, up 67% from the year-ago period. Adjusted earnings of 62 cts/share beat analysts’ consensus of...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/Valspar-Earnings-Rise-on-Higher-Prices_41372.html
February 15, 2012
Infineum (Abingdon, U.K.) says it will build a new salicylate manufacturing facility at its site in Jurong Island, Singapore. The investment amount was not disclosed, but it is the...
http://www.chemweek.com/markets/specialty_chemicals/lubricants/Infineum-Builds-Salicylate-Facility-in-Singapore_41366.html
February 14, 2012
IMCD (Rotterdam) says it has acquired specialty food ingredients distributor Nutrivis (Milan). Nutrivis's employees will move to IMCD's subsidiary IMCD Italia (Milan) in May 2012...
http://www.chemweek.com/markets/specialty_chemicals/food_additives/IMCD-Acquires-Italian-Food-Ingredients-Distributor_41338.html
February 14, 2012
Stepan’s fourth-quarter net income rose 54% year-on-year, $13.2 million, on sales up 23%, to $444.2 million. Income totaled $1.17/share, short of analysts’ consensus of...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Stepan-Earnings-Rise-But-Fall-Short-of-Estimates_41341.html
February 14, 2012
Kao Corp. (Tokyo) says that its Kao Indonesia Chemicals (Bekasi, Indonesia) subsidiary will construct a new plant for the production of surfactants at the Karawan International...
http://www.chemweek.com/markets/specialty_chemicals/surfactants/Kao-to-Expand-Surfactants-Capacity-in-Indonesia_41333.html
February 13, 2012
Air Products announced it has acquired ROVI Cosmetics International (Schluchtern, Germany), a maker of cosmetic actives and delivery systems. Terms of the deal were not disclosed. ROVI...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Air-Products-Acquires-Cosmetics-Firm_41299.html
February 10, 2012
AkzoNobel has unveiled a five-year research partnership with the University of Manchester (Manchester, U.K.) to investigate the science of anti-corrosion coatings. When the research...
http://www.chemweek.com/markets/specialty_chemicals/paints_and_coatings/AkzoNobel-Steps-up-Research-into-Anticorrosion-Coatings_41057.html
February 9, 2012
W.R. Grace says it has reorganized its businesses into three operating segments—Catalysts Technologies, Grace Materials Technologies and Grace Construction Products—to...
http://www.chemweek.com/markets/specialty_chemicals/catalysts/Grace-Splits-Davison-Operating-Segment_41089.html
February 9, 2012
International Flavors & Fragrances (IFF) fourth-quarter 2011 earnings fell 56% year-on-year, to $24.4 million, or 30 cts/share. The decline was due to a 44 cts/share charge related...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/IFF-Adjusted-Earnings-Beat-Estimates_41214.html
February 8, 2012
Kemira says net profit from continuing operations in the fourth quarter of 2011 was €37.8 million ($50 million), 51% higher than the €25.1 million reported in the same...
http://www.chemweek.com/markets/specialty_chemicals/water_treatment/Kemira-Reports-Higher-Net-Profits-but-Lower-Sales_41081.html
February 7, 2012
Fourth-quarter earnings for Sensient Technologies rose 11% year-on-year, to $28.6 million, or 57 cts/share. Earnings narrowly beat analysts’ consensus of 56 cts/share, as...
http://www.chemweek.com/markets/specialty_chemicals/flavors_and_fragrances/Sensient-Technologies-Earnings-Rise-11-percent-Beat-Estimates_41062.html
February 3, 2012
This Week on CW:   Dow Chemical reported a $20 million loss on a tax-related one-time charge. Excluding the charge, Dow recorded earnings of $289 million, down from the year-ago...
http://www.chemweek.com/markets/specialty_chemicals/personal_care/Chemical-Industry-Weekly-News-Round-Up-Feb-3_41016.html
February 3, 2012
Dow Corning saw net fourth-quarter net income rise 3% year-on-year, to $260 million, the company says. Fourth-quarter sales were down 4%, to $1.52 billion, due to soft pricing...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Dow-Corning-Net-Income-Rises-3-percent-on-Long-Term-Sales-Contracts_41007.html
February 2, 2012
Molibdenos y Metales S.A. (Molymet; Santiago, Chile) has purchased a 12.5 million-share stake in Molycorp (Greenwood Village, CO) worth $390 million, Molycorp says. Molymet is the...
http://www.chemweek.com/markets/specialty_chemicals/electronic_chemicals/Chilean-Mining-Concern-Buys-Stake-in-Molycorp_40993.html
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