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December 3, 2014
Braskem has decided to settle fully 1 billion reais ($390 million) owed in taxes to the Brazilian treasury, the company announced. Braskem will pay 30% of the amount due in cash and...
http://www.chemweek.com/people_and_business/companies/Braskem-pays-R$1-billion-tax-debt_65799.html
December 3, 2014
Chemtura announced the preliminary results of the company's modified Dutch auction tender offer, which expired at the end of the day on 1 December. The offer—a total of about...
http://www.chemweek.com/people_and_business/companies/Chemtura-to-acquire-$302-million-in-Dutch-auction-shares_65779.html
December 2, 2014
Capital Southwest (Dallas), an investment holding company, today announced plans to split into two publicly-traded entities – one in specialty chemicals and industrial products, and one in finance....
http://www.chemweek.com/people_and_business/companies/Investment-firm-Capital-Southwest-to-spin-off-specialty-chemical-assets_65781.html
December 2, 2014
The government of the US Virgin Islands will "respond to whatever next action Hovensa takes in a way that is in the best interests of [the] community," if an operating...
http://www.chemweek.com/people_and_business/companies/US-Virgin-Islands-government-to-take-action-if-Hovensa-cuts-islands-fuel-supply_65780.html
December 1, 2014
Huntsman says it will cut 900 jobs in its titanium dioxide (TiO2) pigments and additives segment as part of a restructuring effort that is expected to generate savings of $130...
http://www.chemweek.com/people_and_business/companies/Huntsman-to-cut-900-jobs-in-TiO2-and-addtives-segment_65744.html
December 1, 2014
Lubrizol today agreed to acquire Weatherford’s oilfield chemicals business and its drilling fluids business for $825 million, including a $75 million performance-based cash...
http://www.chemweek.com/people_and_business/companies/Lubrizol-to-acquire-Weatherfords-oilfield-chemicals-business-for-$825-million_65746.html
December 1, 2014
PolyOne says that it has acquired the specialty assets of Accella Performance Materials (Maryland Heights, MO), a manufacturer of liquid polymer formulations. Accella will retain its...
http://www.chemweek.com/people_and_business/companies/PolyOne-acquires-specialty-business-of-Accella_65745.html
November 26, 2014
BASF has announced that it plans to make a major investment in a “pioneering superabsorbent technology” that enables design of thinner and more comfortable diapers. The...
http://www.chemweek.com/people_and_business/companies/BASF-to-invest-up-to-$625-million-in-new-superabsorbent-polymer-technology_65694.html
November 26, 2014
The EPA said today that it was proposing stricter ozone standards within a range of 65 to 70 parts per billion (ppb), while taking comment on a level as low as 60 ppb. EPA last...
http://www.chemweek.com/people_and_business/companies/EPA-proposes-stricter-ozone-standards_65696.html
November 25, 2014
Air Liquide says it has signed a purchase agreement with Kodiak Carbonic, a Pacific Ethanol subsidiary and producer of beverage-grade liquid carbon dioxide (CO2). Under the agreement...
http://www.chemweek.com/people_and_business/companies/Air-Liquide-signs-carbon-dioxide-sourcing-agreement-with-Oregon-producer_65682.html
November 25, 2014
Valspar today reported fiscal fourth-quarter net income up 70% year-on-year (YOY), to $108.1 million, on sales up 11%, to $1.23 billion. Adjusted earnings totaled $117 million, or...
http://www.chemweek.com/people_and_business/companies/Valspar-earnings-easily-beat-estimates_65683.html
November 25, 2014
AkzoNobel has joined forces with SuikerUnie (Dinteloord the Netherlands), Rabobank (Utrecht, the Netherlands), Deloitte, Investment and Development Agency for the Northern Netherlands...
http://www.chemweek.com/people_and_business/companies/AkzoNobel-sponsors-study-to-assess-viability-of-producing-chemicals-from-beetroot-sugars_65677.html
November 24, 2014
A Schulman has named Brent Middleton v.p. and general manager/United States and Canada and Gustavo Perez v.p. and general manager/Latin America, the company says. The two will be...
http://www.chemweek.com/people_and_business/companies/Schulman-names-Americas-execs_65659.html
November 24, 2014
Adama Agricultural Solutions (Airport City, Israel), a major generic crop protection solutions company, has postponed its previously announced initial public offering and ceased...
http://www.chemweek.com/people_and_business/companies/Adama-postpones-IPO-as-a-result-of-lower-grain-prices_65646.html
November 24, 2014
Syngenta says it will eliminate or relocate 1,800 jobs as part of an ongoing restructuring program that is expected to generate savings of $265.0 million in 2015. The reductions will...
http://www.chemweek.com/people_and_business/companies/Syngenta-cuts-to-impact-1800-jobs_65644.html
November 24, 2014
Albemarle says it has closed on $1.025 billion in new, unsecured, bonds, the proceeds of which will mostly go wards financing the acquisition of Rockwood. The bonds consist of a $250...
http://www.chemweek.com/people_and_business/companies/Albemarle-closes-on-Rockwood-acquisition-financing_65661.html
November 21, 2014
Dow Chemical and hedge fund Third Point (New York) have reached an agreement on the composition of Dow’s board, averting a potential proxy fight for at least one year....
http://www.chemweek.com/people_and_business/companies/Dow-Chemical-Third-Point-reach-agreement-on-board-seats_65626.html
November 21, 2014
The talent gap has been a widely discussed issue for the chemical manufacturer and distributor community alike, and progress in recruiting and retaining talent was highlighted at the...
http://www.chemweek.com/people_and_business/companies/NACD-2014-Reach-for-talent-highlighted_65589.html
November 21, 2014
NACD announced today at its annual meeting, currently underway in Scottsdale, AZ, that it has named Matthew Brainerd, vice chairman and president of Brainerd Chemical, the new chairman...
http://www.chemweek.com/people_and_business/companies/NACD-2014-New-board-members-chairman-named_65588.html
November 21, 2014
Petkim (Aliaga, Turkey) has completed a $144-million ethylene capacity expansion at its Aliaga site, the company has announced. The facility’s output capacity has increased by...
http://www.chemweek.com/people_and_business/companies/Petkim-completes-ethylene-expansion-at-Turkish-site_65625.html
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