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April 15, 2015
Paints and coatings company Tikkurila (Helsinki) says it is expanding its production network with the opening of a new factory in Almaty, Kazakhstan, in April 2015. The plant will...
http://www.chemweek.com/people_and_business/companies/Tikkurila-opens-plant-based-on-novel-production-concept-in-Kazakhstan_69436.html
April 14, 2015
Petrobras says that it is expecting to release its delayed, audited financial results for the second half of 2014 as early as 22 April. However, Petrobras also has had to clarify the...
http://www.chemweek.com/people_and_business/companies/Petrobras-responds-to-reports-of-Braskem-stake-sale_69415.html
April 14, 2015
Trian’s recent criticism of DuPont chairperson and CEO Ellen Kullman is “misleading,” according to a recent letter by Kullman to employees. The options were exercised...
http://www.chemweek.com/people_and_business/companies/Kullman-Trian-statements-about-stock-options-misleading_69416.html
April 14, 2015
The official anniversary event to commemorate the 150th anniversary of BASF will take place on 23 April at BASF’s Feierabendhaus in Ludwigshafen. The company expects more than...
http://www.chemweek.com/people_and_business/companies/German-chancellor-to-attend-BASFs-150th-anniversary-celebration_69407.html
April 14, 2015
Delo Industrial Adhesives (Windach, Germany), which produces adhesives and application technologies for a wide range of industries, says it achieved sales revenues of €74 million...
http://www.chemweek.com/people_and_business/companies/Delo-Industrial-Adhesives-reports-sales-grew-24-percent-in-2014-aims-to-increase-workforce-by-15-percent_69403.html
April 14, 2015
Recipharm (Jordbro, Sweden), a contract development and manufacturing organization, says it has today made a strategic investment in Synthonics (Blacksburg, VA), a specialty...
http://www.chemweek.com/people_and_business/companies/Recipharm-invests-in-Synthonics-the-companies-announce-a-joint-development-agreement_69405.html
April 13, 2015
Repsol's sales of polyolefins in Europe grew by more than 20% during the first quarter compared with the same period of 2014, the company says. Sales' volume rose as a result of recent...
http://www.chemweek.com/people_and_business/companies/Repsol-grows-polyolefin-sales-in-Europe-completes-downsizing-Puertollano-cracker_69368.html
April 13, 2015
A. Schulman says it will establish a new masterbatch production facility near Istanbul, with capacity for 40 million pounds/year of additive, white and breathable masterbatches for...
http://www.chemweek.com/people_and_business/companies/A-Schulman-to-produce-masterbatches-in-Turkey_69269.html
April 13, 2015
Composite materials supplier Gurit (Zurich) has announced sales of 89.3 million Swiss francs ($85.9 million) in the first quarter of 2015 compared with sales of SF78.8 million in the...
http://www.chemweek.com/people_and_business/companies/Gurit-sales-jump-13-percent-in-first-quarter_69365.html
April 10, 2015
New DuPont director and former LyondellBasell Industries CEO Jim Gallogly was approached by Trian Fund Management (New York) to join the activist hedge fund’s dissident slate for...
http://www.chemweek.com/people_and_business/companies/DuPont-Trian-approached-new-DuPont-director-to-join-dissident-board-slate_69307.html
April 8, 2015
Private equity firm New Mountain Capital (New York) has agreed to acquire Zep (Atlanta), a maker of consumer cleaning and maintenance chemicals, for $692 million, or $20.05/share. The...
http://www.chemweek.com/people_and_business/companies/Zep-to-be-acquired-by-New-Mountain-Capital_69279.html
April 7, 2015
Airgas today announced it is raising its quarterly dividend on its common stock by 9%, to 60 cts/share form 55 cts/share. The higher dividend will be paid on 30 June to shareholders of...
http://www.chemweek.com/people_and_business/companies/Airgas-raises-dividend_69271.html
April 7, 2015
Solenis, the former Ashland water treatment business, on 1 April completed the acquisition of the paper chemicals distribution assets of Connell Bros. Co. (CBC; Mumbai), a maker of...
http://www.chemweek.com/people_and_business/companies/Solenis-completes-India-acquisition_69219.html
April 7, 2015
Investment firm Berkshire Hathaway (Omaha, NE) has purchased 20 million Axalta shares in a private placement at $28/share, for a purchase price of $560 million, Axalta says. The shares...
http://www.chemweek.com/people_and_business/companies/Berkshire-Hathaway-buys-stake-in-Axalta_69247.html
April 7, 2015
DuPont slams activist hedge fund Trian Fund Management (New York) and its founder and CEO, Nelson Peltz, in an investor presentation released today. The presentation accuses Trian of...
http://www.chemweek.com/people_and_business/companies/DuPont-slams-Trian-Peltz-in-investor-presentation_69230.html
April 6, 2015
A. Schulman today reported a fiscal second-quarter net loss of $888,000, or 3 cts/share, due largely to CEO transition costs and restructuring and acquisition integration charges, on...
http://www.chemweek.com/people_and_business/companies/Schulman-falls-short-of-estimates-sales-fall-due-to-currency-impacts_69232.html
April 2, 2015
Ashland today announced that it is expanding capacity for two products in its specialty ingredients business at a facility in Hopewell, VA. The $89-million expansion will up capacity...
http://www.chemweek.com/people_and_business/companies/Ashland-to-expand-specialty-ingredients-capacity-in-Virginia_69138.html
April 2, 2015
Composites and coatings maker Reichhold Industries (Durham, NC) announced today that its US operations have emerged from Chapter 11 bankruptcy, and that the company has purchased its...
http://www.chemweek.com/people_and_business/companies/Reichhold-US-business-emerges-from-bankruptcy-as-bondholders-take-control_69139.html
April 2, 2015
Synthomer is understood to have rejected the claim by Ineos chairman Jim Ratcliffe that its new CEO, Calum MacLean, acted unethically in "poaching" his former colleague...
http://www.chemweek.com/people_and_business/companies/Synthomer-rejects-claims-that-it-poached-Ineos-executive_69132.html
April 1, 2015
FMC today announced the completion of the $1.64-billion sale of its alkali chemicals, or soda ash, business to Tronox. The deal was announced in February, and cleared a key US...
http://www.chemweek.com/people_and_business/companies/FMC-Tronox-soda-ash-deal-closes_69113.html
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