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July 14, 2014
3M today named Ashish Khandpur senior v.p./R&D and chief technology officer, effective immediately. Khandpur replaces Frederick Palensky, who is retiring after 37 years with the...
http://www.chemweek.com/people_and_business/companies/3M-names-new-chief-technology-officer_62444.html
July 11, 2014
Surfachem Group (Leeds, UK), and Vitrine Química (Santo Andre, Brazil) have formed Surfachem Brasil (Guarulhos, Brazil), a joint venture for the distribution and supply of...
http://www.chemweek.com/people_and_business/companies/UK-firm-establishes-distribution-and-supply-JV-in-Brazil_62415.html
July 10, 2014
Sirrus (Cincinnati) says it has signed a partnership with Elmer’s Products (Westerville, OH) under which Sirrus will provide monomer platforms that can be used to develop...
http://www.chemweek.com/people_and_business/companies/Sirrus-to-partner-with-Elmers-on-glue-platforms_62397.html
July 9, 2014
Yesterday evening, the House of Representatives, with bipartisan support, passed the Chemical Facility Anti-Terrorism Standards (CFATS) Program Authorization and Accountability Act of...
http://www.chemweek.com/people_and_business/companies/Congress-passes-CFATS-Reauthorization-Act_62371.html
July 9, 2014
Compass Minerals says that CFO Rodney Underdown will leave the company on 31 December to pursue other professional interests. The company says its external search for a new CFO is...
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-CFO-to-step-down_62370.html
July 8, 2014
Cytec and Dralon (Cologne) say they are exploring collaborating to develop and market large tow industrial-grade carbon fiber for industrial applications. The collaboration would...
http://www.chemweek.com/people_and_business/companies/Cytec-and-Dralon-announce-industrial-grade-carbon-fiber-collaboration_62347.html
July 7, 2014
RPM International today announced that its Rust-Oleum specialty cleaners group has acquired Krud Kutter (Cumming, GA), a producer of cleaners and removers for residential, commercial...
http://www.chemweek.com/people_and_business/companies/RPM-acquires-specialty-cleaner-maker-Krud-Kutter_62271.html
July 7, 2014
Private Equity firm CI Capital Partners (New York) has acquired specialty chemical distributor Maroon (Avon, OH). Maroon’s management team retains significant equity interest in...
http://www.chemweek.com/people_and_business/companies/Private-Equity-firm-acquires-specialty-chemical-distributor-Maroon-Group_62321.html
July 3, 2014
Symrise (Holzminden, Germany) says it has secured financing for its €1.3 billion ($1.78 billion) acquisition of the Diana Group by issuing a bond for €500 million. The...
http://www.chemweek.com/people_and_business/companies/Symrise-secures-financing-for-Diana-acquisition-through-$680-million-bond-issue_62249.html
July 2, 2014
Vopak says it plans to divest about 15 tank storage terminals, primarily smaller terminals, that together contribute about 4% of group Ebitda. The restructuring is an outcome of a...
http://www.chemweek.com/people_and_business/companies/Vopak-to-divest-about-15-tank-terminals-following-strategy-review_62213.html
July 2, 2014
Biochemical company METabolic EXplorer (Metex; Clermont-Ferrand, France) and SK Chemicals (Seoul) say that they have signed a worldwide, exclusive license agreement to manufacture and...
http://www.chemweek.com/people_and_business/companies/SK-Chemicals-and-Metex-sign-exclusive-deal-for-bio-PDO_62209.html
July 1, 2014
PPG announced today that its North American architectural coatings business has completed acquiring Masterwork Paint (Pittsburgh), an architectural paint distributor. The 13-store...
http://www.chemweek.com/people_and_business/companies/PPG-acquires-Masterwork-paint-stores_62186.html
July 1, 2014
Praxair announced today that it is increasing gas prices in the United States, Canada, and Puerto Rico, effective 15 July. Prices will increase up to 15% for nitrogen, oxygen...
http://www.chemweek.com/people_and_business/companies/Praxair-increases-gas-prices_62185.html
July 1, 2014
FMC announced that, effective 1 August or as contracts permit, it will increase list and off-list soda ash prices by $15/short ton for all grades of soda ash. The increase applies to...
http://www.chemweek.com/people_and_business/companies/FMC-increases-soda-ash-prices_62184.html
July 1, 2014
PotashCorp says it has begun the recall process at the company's Lanigan, SK, potash mine to reinstate 47 permanent employees. "The recall reflects ongoing tightness in the...
http://www.chemweek.com/people_and_business/companies/PotashCorp-recalls-more-workers_62180.html
June 30, 2014
Evonik Industries plans to take a 9.06% stake in leading German soccer club Borussia Dortmund. The deal will take the form of a capital increase by Borussia Dortmund, and the issue of...
http://www.chemweek.com/people_and_business/companies/Evonik-to-take-stake-in-leading-soccer-club_62151.html
June 30, 2014
Ineos will acquire BASF’s 50% share in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion) , the companies said today. The...
http://www.chemweek.com/people_and_business/companies/Ineos-to-acquire-BASFs-stake-in-Styrolution-for-&euro1-1-billion_62146.html
June 27, 2014
Monsanto today announced it issuing $4.5 billion in senior bonds in several tranches, with a variety of maturity dates and interest rates. The largest tranche is worth $1 billion, will...
http://www.chemweek.com/people_and_business/companies/Monsanto-issues-debt-to-fund-accelerated-share-buyback_62140.html
June 27, 2014
AkzoNobel's performance coatings business is benefiting from an improved business climate in 2014, says Conrad Keijzer, AkzoNobel executive committee member responsible for performance...
http://www.chemweek.com/people_and_business/companies/AkzoNobels-performance-coatings-business-taps-stronger-market-targets-higher-returns_62138.html
June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/people_and_business/companies/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
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