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November 20, 2014
ACC and NACD have renewed a memorandum of understanding (MOU) to better align their respective performance programs, including commitments to share best practices, systems and...
http://www.chemweek.com/people_and_business/companies/NACD-2014-ACC-NACD-agree-to-align-Responsible-Care-and-Responsible-Distribution-programs_65535.html
November 20, 2014
W.R. Grace & Co. (Columbia, MD) has entered into definitive agreements to acquire the remaining 50% stake in Grace Yapı Kimyasalları (Istanbul), the joint venture it formed with...
http://www.chemweek.com/people_and_business/companies/W-R-Grace-buys-out-Turkish-partner-in-construction-products-jv_65568.html
November 19, 2014
Petroleos Mexicanos's (Pemex) board has approved the company's previously announced corporate revamp, Pemex announced. The board will maintain state-controlled Pemex's profitable...
http://www.chemweek.com/people_and_business/companies/Pemex-board-approves-companys-reorganization_65533.html
November 19, 2014
BASF has completed the sale of its 50% share in Styrolution to its partner, Ineos. Relevant merger control approvals have been granted. Styrolution was founded in October 2011 as a...
http://www.chemweek.com/people_and_business/companies/BASF-completes-divestment-of-50-percent-stake-in-Styrolution-to-Ineos_65477.html
November 19, 2014
Distributors are generally optimistic, and see a light at the end of the regulation tunnel as the annual meeting of the National Association of Chemical Distributors (NACD) meeting...
http://www.chemweek.com/people_and_business/companies/NACD-2014-Distributor-supplier-relationships-evolve_65517.html
November 19, 2014
Orica (Melbourne) today announced that it has agreed to sell the company’s chemicals business to funds advised by private equity firm Blackstone (New York) for A$750 million...
http://www.chemweek.com/people_and_business/companies/Orica-to-sell-chemicals-business-to-Blackstone-for-$652-million_65523.html
November 18, 2014
AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million),” the...
http://www.chemweek.com/people_and_business/companies/AkzoNobel-says-US-subsidiary-was-target-of-$66-million-"external-fraud"_65507.html
November 18, 2014
EnerG2 (Seattle) and BASF have entered into a comprehensive collaboration to improve and scale-up the production of EnerG2’s proprietary carbon materials for use in...
http://www.chemweek.com/people_and_business/companies/BASF-and-US-firm-enter-R-and-D-marketing-collaboration-on-energy-storage-technology_65505.html
November 17, 2014
A. Schulman says it is closing a former Ferro specialty plastics plant at Stryker, OH in April of next year. The plant’s production – mostly for customers in the US and...
http://www.chemweek.com/people_and_business/companies/Schulman-to-close-plant-in-Ohio-as-part-of-restructuring_65495.html
November 17, 2014
Halliburton says it is acquiring all outstanding shares of rival Baker Hughes, for $78.62/share, or $38 billion, including debt, in a deal that will create an oilfield services giant...
http://www.chemweek.com/people_and_business/companies/Halliburton-and-Baker-Hughes-to-merge-in-$38-billion-deal_65483.html
November 17, 2014
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company...
http://www.chemweek.com/people_and_business/companies/PDVSA-restarts-FCC-unit-at-El-Palito-refinery_65481.html
November 14, 2014
International Flavors & Fragrances (IFF) announced today that its current executive v.p. and CFO, Kevin Berryman, will be leaving the company to take a senior leadership role...
http://www.chemweek.com/people_and_business/companies/IFF-CFO-to-step-down-interim-CFO-named_65447.html
November 14, 2014
Paints and coatings company Tikkurila (Helsinki) lowered its guidance for 2014 shortly after announcing its results for the third quarter of 2014 and expecting revenue and Ebit...
http://www.chemweek.com/people_and_business/companies/Tikkurila-lowers-its-guidance-for-2014_65439.html
November 14, 2014
Carbon black maker Orion Engineered Carbons (Luxembourg) reports a loss of €40.8 million, down from a €5.5 million gain in the year-ago quarter. The loss includes...
http://www.chemweek.com/people_and_business/companies/Orion-reports-lower-sales-due-to-oil-price-impacts_65448.html
November 14, 2014
Shareholders of both Albemarle and Rockwood today voted to approve Albemarle’s $6.2-billion acquisition of the latter company. Under the deal, Rockwood shareholders will receive...
http://www.chemweek.com/people_and_business/companies/Shareholders-approve-Albemarle-Rockwood-deal_65451.html
November 14, 2014
Ashland announced today that its board has elected William Wulfsohn to be chairman and CEO, effective 1 January 2015. Wulfsohn replaces James O’Brien, who is retiring after 12...
http://www.chemweek.com/people_and_business/companies/Ashland-names-new-CEO_65450.html
November 14, 2014
Arkema today reported third-quarter sales of €1.478 billion ($1.840 billion), compared with €1.495 billion in the year-ago quarter, a decline of 1.1%, but “stable at...
http://www.chemweek.com/people_and_business/companies/Arkema-reports-slight-decline-in-sales-Ebitda-down-13-percent-confirms-outlook_65434.html
November 13, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since January, intends to wage a proxy battle for board seats at Dow's 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/people_and_business/companies/Third-Point-prepares-for-proxy-fight-at-Dow-Chemical_65388.html
November 13, 2014
Lonza ‘s consumer care segment has signed an agreement with Koda’s care segment for Koda to serve as Lonza’s exclusive third-party distributor of hygiene and personal...
http://www.chemweek.com/people_and_business/companies/Lonza-partners-with-Koda-for-personal-care-distribution-in-North-America_65364.html
November 13, 2014
Dow Chemical is raising its quarterly dividend by 14%, to 42 cts/share, and more than doubling the size of its share buyback program, the company says. The share buyback program...
http://www.chemweek.com/people_and_business/companies/Dow-raises-dividend-increases-size-of-share-buyback_65328.html
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