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July 16, 2014
3M announced today that it will acquire Sumitomo Electronic’s 25% stake in its Japanese subsidiary Sumitomo 3M for ¥90 billion ($885 million). Upon completing the transaction, 3M...
http://www.chemweek.com/newsletters/cbd/3M-to-buy-out-Sumitomo-Electronic-in-Japanese-subsidiary_62493.html
July 16, 2014
Evonik Industries says it has closed on an equity investment in biobased lubricants firm Biosynthetic Technologies (BT; Irvine, CA). BT manufactures estolides, a new class of biobased...
http://www.chemweek.com/newsletters/cbd/Evonik-invests-in-biobased-lubricants-start-up_62494.html
July 16, 2014
Company Today Yesterday Air Products (APD) 129.65 129.73 Airgas (ARG) 110.50 109.76 Albemarle (ALB) 69.57 69.72 Ashland (ASH) 107.44 107.84 Axiall Corp. (AXLL) 44.79 45.24 Cabot (CBT)...
http://www.chemweek.com/newsletters/cbd/Chemical-stock-update_62495.html
July 16, 2014
Evonik Industries and Jiangsu Zhongneng Polysilicon Technology Development, a wholly owned subsidiary of GCL-Poly Energy Holdings (Hong Kong), have signed a letter of intent to...
http://www.chemweek.com/newsletters/cbd/Evonik-forms-China-JV-for-fumed-silica-and-silicon-tetrachloride_62496.html
July 16, 2014
BASF has confirmed that, together with partners, it is progressing with plans to double methylene di- para -phenylene isocyanate (MDI) capacity at the Shanghai chemical industry park...
http://www.chemweek.com/newsletters/cbd/BASF-Huntsman-confirm-MDI-plans_62497.html
July 16, 2014
Nippon Shokubai says it plans to expand capacity for its Acryviewa optical acrylic resin to meet growing demand. The company plans to add 3,000 m.t./year of capacity at its Himeji...
http://www.chemweek.com/newsletters/cbd/Nippon-Shokubai-to-raise-capacity_62498.html
July 16, 2014
KBR has been awarded a contract by Purdue Pharma Manufacturing to build an oral solid-dosage manufacturing plant at Durham, NC. The facility is being constructed on a 51-acre site at...
http://www.chemweek.com/newsletters/cbd/KBR-to-build-manufacturing-facility_62499.html
July 16, 2014
Uralkali (Berezniki, Russia), one of the world’s largest producers of potash, has given an update on the development of the Ust-Yayvinsky block of the Verkhnekamsk potash deposit...
http://www.chemweek.com/newsletters/cbd/Uralkali-makes-progress-with-mine_62500.html
July 16, 2014
Private equity firm SVP Global is preparing to sell vinyls company Vestolit (Marl, Germany) in a deal potentially valued at about €300 million, according to a Reuters report today...
http://www.chemweek.com/newsletters/cbd/Report-Private-equity-firm-to-divest-PVC-maker-Vestolit_62487.html
July 16, 2014
PolyOne announced that it is closing two production facilities in Brazil—one at Diadema in Sao Paulo state, and one at Joinville in Santa Catarina state. The two plants were part of...
http://www.chemweek.com/newsletters/cbd/PolyOne-to-close-plants-in-Brazil_62488.html
July 16, 2014
Alpek (San Pedro Garza García, Mexico), a subsidiary of Grupo Alfa (Monterrey, Mexico), has revised down its Ebitda guidance for 2014, from $570 million to $500 million, the company...
http://www.chemweek.com/newsletters/cbd/Alpek-cuts-2014-Ebitda-guidance_62489.html
July 16, 2014
Invista said on Monday that it has resolved a lawsuit against a Chinese engineer for misappropriating and infringing on trade secrets relating to a portion of Invista’s purified...
http://www.chemweek.com/newsletters/cbd/Invista-wins-PTA-lawsuit_62490.html
July 16, 2014
Koppers Holdings (Pittsburgh, PA) is exploring the consolidation of its North American tar distillation operations, including naphthalene and phthalic anhydride production, at...
http://www.chemweek.com/newsletters/cbd/Koppers-exploring-consolidation-of-North-American-tar-distillation_62491.html
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1-billion transaction is its largest ever and...
http://www.chemweek.com/newsletters/cbd/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62486.html
July 15, 2014
Albemarle has reached an agreement to acquire Rockwood Holdings, a leading producer of lithium and surface treatment chemicals, for $6.2 billion. The deal gives Albemarle, a leading...
http://www.chemweek.com/newsletters/cbd/Albemarle-to-buy-Rockwood-for-$6-2-billion_62462.html
July 15, 2014
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded several technology provision contracts for its previously announced, $3.6-billion Liwa plastics project...
http://www.chemweek.com/newsletters/cbd/Oman-awards-tech-contracts-for-$3-6-billion-petchem-project_62463.html
July 15, 2014
Biocatalyst firm Codexis (Redwood City, CA) and GlaxoSmithKline (GSK) have announced a license technology agreement worth up to $25 million in initial payments in addition to milestone...
http://www.chemweek.com/newsletters/cbd/GlaxoSmithKline-licenses-Codexis-technology_62464.html
July 15, 2014
Fluor has been awarded a contract by Gate Terminal, a subsidiary of Vopak and Gasunie, to design and build a liquefied natural gas (LNG) break bulk terminal at Rotterdam. Fluor will...
http://www.chemweek.com/newsletters/cbd/Fluor-awarded-contract-for-LNG-terminal-at-Rotterdam_62465.html
July 15, 2014
Halliburton says it has agreed to form a fracking and production-enhancement services joint venture with Petrotech Xinjiang Engineering, a subsidiary of SPT Energy Group (Beijing). The...
http://www.chemweek.com/newsletters/cbd/Halliburton-forms-fracking-JV-in-China_62466.html
July 15, 2014
Methanol Chemicals Co. (Chemanol; Dammam, Saudi Arabia) says a fire broke out at its para -formaldehyde plant at Al Jubail on Friday afternoon. The facility will be down until the...
http://www.chemweek.com/newsletters/cbd/Chemanol-closes-para-formaldehyde-plant-after-fire_62467.html
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