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February 11, 2015
Trian released a letter to DuPont shareholders restating its critique of the company’s performance. The letter notes that DuPont has consistently missed its financial targets in recent years, and that earnings have remained below 2011 levels over the last three years. “Had management met its financial targets since 2011, earnings per share would be 51% higher than it is today,” the letter says....
http://www.chemweek.com/people_and_business/companies/Trian-files-proxy-with-DuPont-director-nominees-and-steps-up-management-criticism_67725.html
February 11, 2015
Nonwovens producer Polymer Group (PGI; Charlotte, NC) has filed for an initial public offering with the US SEC. The timing and price of the offering were not disclosed in the filing...
http://www.chemweek.com/people_and_business/companies/Blackstones-Polymer-Group-files-for-IPO_67736.html
February 11, 2015
“Demand exceeded our expectations as customers came to the market in force seeking to replenish empty inventories ahead of an expected strong spring application season in North America,” says Jim Prokopanko, Mosaic president and CEO....
http://www.chemweek.com/people_and_business/companies/Mosaic-earnings-more-than-double-on-higher-prices-and-strong-potash-volumes_67722.html
February 11, 2015
RAG Foundation (Essen, Germany), the majority owner of Evonik Industries, has announced an unsubordinated and unsecured exchangeable bond of €400.0 million ($452.7 million)...
http://www.chemweek.com/people_and_business/companies/RAG-Foundation-issues-&euro400-million-bond-exchangeable-into-2-2-percent-Evonik-stake_67721.html
February 11, 2015
Kemira (Helsinki) has today announced results for fourth-quarter and full-year 2014. The company says that revenue “remained stable” at €547.1 million ($619.4 million)...
http://www.chemweek.com/people_and_business/companies/Kemira-reports-growth-improved-profitability_67682.html
February 10, 2015
Paints and coatings company Tikkurila (Helsinki) says its revenue in fourth-quarter 2014 was €104.4 million ($118.0 million), a drop of 11% compared with sales of €116.7...
http://www.chemweek.com/people_and_business/companies/Tikkurila-reports-fall-in-sales-and-profit-in-fourth-quarter-and-full-year-2014_67678.html
February 9, 2015
Compass Minerals today reported fourth quarter net income up 38% year-on-year (YOY), to $80.5 million, or $2.38/share, on sales up 12%, to $433.4 million. Earnings easily beat...
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-earnings-soar-past-estimates-on-strong-pricing_67670.html
February 9, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/people_and_business/companies/Report-Quinn-firm-eyeing-Royal-Adhesives_67668.html
February 9, 2015
Solenis, the former Ashlad water treatment business, today completed the acquisition of tissue-and-towel chemicals maker Clearwater Specialties (Clarkston, WA). Financial terms of the...
http://www.chemweek.com/people_and_business/companies/Solenis-completes-Clearwater-Specialties-acquisition_67653.html
February 9, 2015
State-controlled petrochemical producer Oltchim (Râmnicu Vâlcea, Romania) generated a €700,000 ($792,000) profit in January, according to Romania's economy, trade, and...
http://www.chemweek.com/people_and_business/companies/Minister-Oltchim-generated-&euro700000-profit-in-January_67645.html
February 6, 2015
A sinkhole east of Uralkali's (Berezniki, Russia) Solikamsk-2 potash mine has grown and currently measures 58 by 87 meters wide and approximately 75 meters deep, the company says. The...
http://www.chemweek.com/people_and_business/companies/Sinkhole-near-Uralikali-mine-continues-to-expand-unused-machinery-being-removed-from-shaft_67613.html
February 6, 2015
Sensient Technologies (Milwaukee) has announced adjusted operating income of $48.0 million in fourth-quarter 2014 compared with $44.6 million for the year-ago period, an increase of...
http://www.chemweek.com/people_and_business/companies/Sensient-Technologies-reports-increases-in-operating-income_67605.html
February 5, 2015
Contract manufacturing organizations (CMOs), including many fine chemical makers, are among the big beneficiaries from changes at big pharmaceutical companies, say attendees at...
http://www.chemweek.com/people_and_business/companies/Informex-2015-CMOs-benefit-from-changes-at-big-pharma_67545.html
February 5, 2015
One company, for now dubbed New Grace, will be comprised of catalysts technologies and materials technologies, excluding the Darex packaging business. New Grace is expected to have sales of $1.8 billion annually. The other company, called New GCP, will be made up of Grace’s construction products business and the Darex business. It is expected to have sales of $1.5 billion....
http://www.chemweek.com/people_and_business/companies/W-R-Grace-to-split-in-two_67530.html
February 5, 2015
ENI (Rome) has confirmed to CW that its chemical subsidiary, Versalis (Milan), has restarted its 490,000-m.t./year steam cracker at Porto Marghera, Italy and that the cracker is...
http://www.chemweek.com/people_and_business/companies/Versalis-restarts-Porto-Marghera-cracker-starts-supplying-Shell_67528.html
February 5, 2015
Haldia Petrochemicals Ltd. (HPL; Kolkata, India) plans to operate its steam cracker at 100% of capacity after it was restarted on 29 January following a six-month hiatus, a source...
http://www.chemweek.com/people_and_business/companies/Haldia-Petrochemicals-targets-100-percent-cracker-runs-after-late-January-restart_67513.html
February 5, 2015
Agricultural chemical firm Nufarm (Melbourne) today announced that the company will permanently close its plant in Botlek at Rotterdam, the Netherlands; and implement efficiency...
http://www.chemweek.com/people_and_business/companies/Nufarm-to-close-manufacturing-plant-in-the-Netherlands_67525.html
February 4, 2015
Regulatory issues, most prominently reform of the Toxic Substances Control Act (TSCA) and trade barriers, have been key topics of discussion at Informex 2015, held this week in New...
http://www.chemweek.com/people_and_business/companies/Informex-2015-Regulatory-hurdles-persist-as-industry-expects-growth_67510.html
February 4, 2015
Attendees at the American Cleaning Institute’s annual convention in Orlando, FL this week say that the mood in the cleaning and home care sector is upbeat.  Turnout was the...
http://www.chemweek.com/people_and_business/companies/ACI-2015-Upbeat-mood-for-home-care-sector_67339.html
February 3, 2015
The United Steelworkers (USW) said Tuesday that no further talks have been scheduled with Shell this week to end a strike at nine US oil refineries. USW told workers to strike at nine...
http://www.chemweek.com/people_and_business/companies/USW-and-refiners-still-without-labor-agreement_67466.html
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