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March 3, 2015
Asahi Kasei says that its board of directors today decided to absorb three wholly owned subsidiaries — Asahi Kasei Chemicals (AKC), Asahi Kasei Fibers (AKF), and Asahi Kasei...
http://www.chemweek.com/people_and_business/companies/Asahi-Kasei-to-absorb-chemicals-fibers-and-electronic-materials-subsidiaries_68261.html
March 2, 2015
Tronox’s $1.64-billion acquisition of FMC’s soda ash business has received approval under the Hart-Scott-Rodino Antritrust Act in the US, FMC says. The deal is expected to...
http://www.chemweek.com/people_and_business/companies/Tronox-FMC-soda-ash-deal-clears-regulatory-hurdle-in-US_68249.html
March 2, 2015
FMC has raised its quarterly dividend by 10%, to 16.5 cts/share, the company says. The dividend will be paid on 16 April to shareholders of record as of 31 March. The higher dividend...
http://www.chemweek.com/people_and_business/companies/FMC-raises-dividend-10-percent_68231.html
March 2, 2015
OM Group today reported a fourth-quarter net loss of $189 million, or $6.24/share, on pension-related charges, compared with a profit of $17.2 million in the year-ago quarter. Sales...
http://www.chemweek.com/people_and_business/companies/OM-Group-swings-to-loss-on-pension-charge-but-beats-estimates_68229.html
March 2, 2015
GFBiochemicals (Milan, Italy), a company that specializes in the research, development, and production of biobased chemicals and fuels, has announced that it is starting...
http://www.chemweek.com/people_and_business/companies/GFBiochemicals-to-start-commercial-production-of-levulinic-acid-this-summer_68225.html
March 2, 2015
Braskem has entered into a new six-month contract to receive naphtha feedstock from Petrobras. The new contract is valid until 31 August 2015, and the price will be adjusted...
http://www.chemweek.com/people_and_business/companies/Braskem-signs-new-six-month-naphtha-supply-contract-with-Petrobras_68224.html
March 2, 2015
Orica (Melbourne) says that it has completed the previously announced sale of the company’s chemicals business to funds advised by private equity firm Blackstone (New York), for...
http://www.chemweek.com/people_and_business/companies/Orica-completes-sale-of-chemicals-business-to-Blackstone_68216.html
February 27, 2015
Shell's Pearl gas-to-liquids (GTL) plant, in Qatar has entered a planned maintenance turnaround in February 2015. Pearl GTL comprises two identical GTL 'trains', with a total capacity...
http://www.chemweek.com/people_and_business/companies/Shells-Pearl-GTL-plant-in-Qatar-in-2-month-turnaround_68182.html
February 27, 2015
Sika (Baar, Switzerland), today reported that its sales rose to 5.57 billion Swiss francs ($5.9 billion) in full-year 2014, an increase of 13% in local currencies, or 8.3% in reporting...
http://www.chemweek.com/people_and_business/companies/Sika-reports-record-year-2014-sales-grow-8-percent-to-$5-9-billion-Ebit-leaps-21-percent_68179.html
February 26, 2015
Ecolab today reported fourth-quarter net income up 17% year-on-year (YOY), to $335.5 million, on net sales up 3%, to $3.68 billion. Adjusted earnings totaled $1.20/share, matching...
http://www.chemweek.com/people_and_business/companies/Ecolab-earnings-match-estimates-on-higher-sales_68042.html
February 26, 2015
Axiall today announced it has sold its phosgene and derivatives facility at LaPorte, TX to Altivia Chemicals (Houston) for an undisclosed sum. The facility makes phosgene and...
http://www.chemweek.com/people_and_business/companies/Axiall-sells-phosgenes-facility-in-Texas_68120.html
February 26, 2015
Ferro today reported fourth-quarter net income down 81% year-on-year (YOY), to $11.4 million, on sales down 5%, to $260.9 million. The company reported a loss from continuing...
http://www.chemweek.com/people_and_business/companies/Ferro-earnings-tumble-on-lower-sales_68119.html
February 26, 2015
Koppers today reported a fourth-quarter net loss of $33.5 million, or $1.67/share, compared with a loss of $4.1 million in the year-ago quarter. Net sales grew by 25% year-on-year...
http://www.chemweek.com/people_and_business/companies/Koppers-loss-widens-on-negative-oil-impacts_68117.html
February 26, 2015
Petrobras has hired JP Morgan Chase to run $3 billion worth of asset sales planned for this year, according to a Reuters report citing two sources with direct knowledge. ...
http://www.chemweek.com/people_and_business/companies/Report-Petrobras-mulls-$3-billion-asset-sale_68115.html
February 26, 2015
Mitsubishi Gas Chemical (MGC) says that it will increase its stake in foamed plastics firm JSP Corp. (Tokyo) from 42% to about 51%, through a tender offer. JSP, which was established...
http://www.chemweek.com/people_and_business/companies/Mitsubishi-Gas-Chemical-to-increase-stake-in-foamed-plastics-firm-JSP_68114.html
February 25, 2015
Chemtura today reported fourth-quarter adjusted net earnings from continuing operations of $8 million, or 10 cts/share, down 50% year-on-year (YOY), on net sales down 14%, to $467...
http://www.chemweek.com/people_and_business/companies/Chemtura-beats-estimates-despite-lower-sales_68105.html
February 24, 2015
Alpek (Monterrey, Mexico) reported a net loss of $25 million during the fourth quarter of 2014 compared with a $9-million loss in the fourth quarter of 2013. The quarterly loss...
http://www.chemweek.com/people_and_business/companies/Alpeks-loss-widens-in-fourth-quarter-exits-Russian-JV_68051.html
February 24, 2015
LyondellBasell said today that it has reached an agreement with Karyn Ovelmen, executive v.p. and CFO, for her “separation from the company.” Ovelmen will continue as CFO for up to three months under the agreement while the company conducts a search for her successor....
http://www.chemweek.com/people_and_business/companies/LyondellBasells-CFO-to-leave-the-company_68035.html
February 24, 2015
Royal Dutch Shell says that it has made a final investment decision to rebuild the Ellba propylene oxide–styrene monomer (POSM) plant at Shell Chemicals' Moerdijk, Netherlands...
http://www.chemweek.com/people_and_business/companies/Shell-confirms-plans-to-rebuild-Moerdijk-POSM-unit-aromatics-plant-back-onstream-cracker-to-restart-in-third-quarter_68034.html
February 24, 2015
Valspar today reported fiscal first-quarter net income that almost doubled year-on-year (YOY), to $104 million, on net sales up 4%, to $992 million. Adjusted net income rose 16.4% YOY...
http://www.chemweek.com/people_and_business/companies/Valspar-beats-estimates-but-cuts-full-year-sales-guidance_68047.html
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