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December 16, 2015
More detail has emerged on reports that BASF is considering investing in petrochemicals at Assaluyeh, Iran, when economic sanctions are lifted. Sanctions are expected to be lifted in...
December 16, 2015
Tessenderlo Group (Brussels) and Picanol Group (Ieper, Belgium) will merge their respective industrial activities into one larger, listed industrial group: Picanol Tessenderlo Group...
December 15, 2015
Fluorochemicals maker Halocarbon will be moving its headquarters to Atlanta, effective 31 December. The company’s current headquarters building in River Edge, NJ, will close that...
December 15, 2015
Statoil (Stavanger, Norway) employees company-wide have received a letter offering severance packages based on the length of employment, according to various Norwegian media outlets...
December 15, 2015
Inovyn (London) has announced plans to close a chloromethanes production plant at Runcorn, UK, effective 1 March 2016. The closure forms part of Inovyn's plan to focus chloromethanes...
December 17, 2015
Total's refinery at Gonfreville, France has been shut down as a result of a strike, Total confirmed Monday. The strike takes place after the conclusion of the annual mandatory...
December 16, 2015
Daniel Loeb, founder and CEO of activist hedge fund Third Point (New York), sent a private letter over the weekend to Dow Chemical’s board calling for the removal of Dow CEO Andrew Liveris. Loeb’s letter argues that Liveris should not have a role in the combined company, of which he would be executive chairman, after Dow merges with DuPont, according to multiple reports....
December 14, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it is acquiring Wiberg (Salzburg, Austria) for $130.4 million. Wiberg is a producer of savory flavors with...
December 14, 2015
BASF has declined to comment on a report that it is planning to invest in petrochemicals in Iran. The local Press TV, citing Hamid Reza Rostami, director of planning and development at...
December 14, 2015
SK Capital (New York) says it will sell radiopharmaceuticals firm IBA Molecular to CapVest Partners (London), another private equity firm, for an undisclosed sum. IBA Molecular...
December 14, 2015
Shell announced on Monday that it expects an overall potential reduction of approximately 2,800 jobs globally, or approximately 3% of its total combined group workforce, once the $70-billion takeover of BG Group (Reading, UK) is completed....
December 13, 2015
The 12th Iran Petrochemical Forum opened on Sunday in Tehran with around 2,000 delegates attending.  Petrochemical producers, traders, technology licensors, bankers, engineering...
December 11, 2015
Dow Chemical has announced that it will become the 100% owner of Dow Corning, which is currently a 50-50 joint venture with Corning. As part of the deal, Corning will receive $4.8...
December 11, 2015
Next year, DuPont expects to save $700 million in costs compared with 2015, according to a worldwide cost-savings and restructuring plan announced today. The plan builds on the...
December 9, 2015
PolyOne on Wednesday announced it has acquired Magenta Master Fibers, a maker of solid color concentrates for fiber applications, from BASF for $22 million. The deal is expected to add...
December 9, 2015
Mitsubishi Chemical Holdings has launched a five-year management plan targeting sales of ¥4.70 trillion ($38.3 billion) and operating profits of ¥340.0 billion in fiscal 2020...
December 7, 2015
Resources company BHP Billiton (Melbourne) is cutting more than 70 jobs from its potash operations in Canada because of falling prices, according to local reports quoting a company...
December 4, 2015
Sensient Technologies has added Mario Ferruzzi and Donald Landry to its board of directors. Ferruzzi is a professor of food and nutrition science at Purdue University, while Landry is...
December 4, 2015
Axalta set financial targets for 2016 at an investor day in New York on Friday. The company is aiming to grow sales 4–6% on a constant-currency basis and an adjusted Ebitda...
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