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May 5, 2015
Signing of the collaboration agreement at CPCIF headquarters in Beijing. China Petroleum and Chemical Industry Federation (CPCIF; Beijing)—an umbrella organization composed of...
http://www.chemweek.com/people_and_business/companies/Chinese-chemical-industry-association-and-IHS-sign-collaboration-agreement_70079.html
May 4, 2015
A. Schulman says it is moving its Europe, Middle East and Africa (EMEA) shared services center to Poznan, Poland from Londerzeel, Belgium. The shared services center handles back...
http://www.chemweek.com/people_and_business/companies/Schulman-to-move-EMEA-services-center-to-Poland_70062.html
May 4, 2015
Dow Chemical will reduce its global workforce by 1,500–1,700, about 3% of the company’s total, to streamline operations as a result of the pending divestment of most of its chlor-alkali assets. Dow says it also plans “minor” adjustments to its manufacturing assets. Dow says the actions will save $300 million in annual operating costs. The actions are expected to be completed during the next two years....
http://www.chemweek.com/people_and_business/companies/Dow-to-cut-workforce-by-3-percent_70058.html
May 4, 2015
FMC says it has named former Cheminova CEO Jaime Gomez-Arnau to the post of v.p./agricultural solutions/Europe, Mideast, and Africa. Gomez-Arnau will report to Mark Douglas...
http://www.chemweek.com/people_and_business/companies/FMC-names-former-Cheminova-CEO-to-v-p-post_70059.html
May 4, 2015
CatSci (Cardiff, UK), a catalysis company, has announced that it has been awarded two grants from Innovate UK, the United Kingdom’s innovation agency (formerly the Technology...
http://www.chemweek.com/people_and_business/companies/CatSci-receives-two-grants-to-develop-industrial-biotech-processes_70054.html
May 4, 2015
Engineering and construction firm WorleyParsons (Sydney) today announced expected nonrecurring redundancy, onerous lease charges, and general project provisions of A$125 million (US$98...
http://www.chemweek.com/people_and_business/companies/WorleyParsons-cuts-jobs-as-commodity-slowdown-hits-projects_70049.html
May 1, 2015
Whitmore Manufacturing Company (Rockwall, TX), a subsidiary of investment firm Capital Southwest (Dallas), says it has acquired Strathmore Products (Syracuse, NY) for an undisclosed...
http://www.chemweek.com/people_and_business/companies/Capital-Southwests-Whitmore-acquires-industrial-coatings-maker_70026.html
May 1, 2015
International Flavors & Fragrances (IFF) today completed the acquisition of Ottens Flavors (Philadelphia), a maker of flavors technologies, for an undisclosed sum. The deal was...
http://www.chemweek.com/people_and_business/companies/IFF-completes-Ottens-Flavors-acquisition_70025.html
May 1, 2015
KMG Chemicals said today it has completed the acquisition of Valves Incorporate of Texas (Val-Tex; Houston), which was announced in early April, for $23.7 million in cash plus 606,875...
http://www.chemweek.com/people_and_business/companies/KMG-completes-Val-Tex-acquisition_70024.html
April 30, 2015
DuPont and textile company Kolon Industries (Gyeonggi-Do, South Korea) today reached an agreement settling a legal dispute over Kolon’s alleged infringement of DuPont’s...
http://www.chemweek.com/people_and_business/companies/DuPont-Kolon-settle-Kevlar-trade-secrets-case_70001.html
April 30, 2015
Westlake Chemical Partners (Westlake Partners; Houston) has acquired approximately 2.7% of additional limited partner interest in Westlake Chemical OpCo (OpCo) for approximately $135...
http://www.chemweek.com/people_and_business/companies/Westlake-Partners-increases-interest-in-cracker-pipeline-affiliate-establishes-credit-facility_69970.html
April 30, 2015
Quaker Chemical has announced net sales of $181.3 million in first-quarter 2015 compared with $181.7 million in first-quarter 2014. Year-on-year (YOY) volume growth, including...
http://www.chemweek.com/people_and_business/companies/Quaker-Chemical-volumes-grow-but-sales-Ebitda-fall-on-foreign-currency-effects_69966.html
April 30, 2015
Trecora Resources (Sugar Land, TX) has announced revenue of $55.1 million in first-quarter 2015, compared with $64.1 million in the year-ago quarter, a decrease of 14% year-on-year...
http://www.chemweek.com/people_and_business/companies/Trecora-Resources-reports-improved-profitability-on-lower-sales-in-first-quarter_69974.html
April 30, 2015
OM Group has reported a first-quarter net loss of $11.0 million, or 36 cts/share compared with a profit of $5.2 million in the year-ago quarter. Sales declined 5.3% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/companies/OM-Group-swings-to-loss-on-restructuring-charges_69988.html
April 30, 2015
Proxy advisory firm Glass Lewis (San Francisco) has backed Trian founder and CEO Nelson Peltz in his bid for a seat on DuPont’s board of directors. Trian, which owns a...
http://www.chemweek.com/people_and_business/companies/Glass-Lewis-backs-Peltz-in-bid-for-DuPont-board-seat_69985.html
April 30, 2015
Airgas today reported fiscal fourth-quarter net earnings down 0.8% year-on-year (YOY), to $87.7 million, on sales up 2.4%, to $1.30 billion. Adjusted earnings totaled $1.15/share...
http://www.chemweek.com/people_and_business/companies/Airgas-earnings-meet-reduced-guidance_69982.html
April 30, 2015
PotashCorp reports net income up 8.8% year-on-year (YOY), to $370 million, but lowered its full-year outlook as results did not meet expectations and higher provincial potash taxes are...
http://www.chemweek.com/people_and_business/companies/PotashCorp-misses-estimates-lowers-outlook_69981.html
April 30, 2015
SGL Group (Wiesbaden, Germany), a manufacturer of carbon-based products and materials, has reported a large year-on-year (YOY) increase in Ebitda before non-recurring items and a small...
http://www.chemweek.com/people_and_business/companies/SGL-announces-increase-in-profit-on-slightly-lower-sales_69932.html
April 29, 2015
Ashland today reported fiscal second-quarter earnings from continuing operations of $95 million, or $1.39/share, compared with a loss of $61 million in the year-ago quarter. Sales...
http://www.chemweek.com/people_and_business/companies/Ashland-earnings-rise-on-higher-margins_69952.html
April 29, 2015
Ferro announced today it has agreed to acquire Nubiola Pigmentos (Barcelona), a maker of specialty inorganic pigments, for €146 million ($162.3 million). Nubiola is the...
http://www.chemweek.com/people_and_business/companies/Ferro-to-acquire-Spanish-pigments-firm_69950.html
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