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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
June 26, 2014
Monsanto today reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. The company also announced plans to repurchase $10-billion in shares as part of plans for a more aggressive debt and capital structure....
http://www.chemweek.com/people_and_business/companies/Monsanto-beats-estimates-despite-fall-in-net-income-plans-$10-billion-share-buyback_62016.html
June 26, 2014
H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/H-B-Fuller-net-income-falls-despite-sales-increase_62051.html
June 26, 2014
The executive board of Evonik Industries today presented plans to the supervisory board to reorganize the group structure. The company says that the executive board plans to...
http://www.chemweek.com/people_and_business/companies/Evonik-Industries-to-reorganize-group-structure-in-response-to-tougher-competition_62050.html
June 26, 2014
A group of companies has appealed against a decision on carbon tetrachloride by the European Chemicals Agency (ECHA; Helsinki), the agency says. The appealing companies are: the German...
http://www.chemweek.com/people_and_business/companies/Companies-appeal-ECHA-decision-on-carbon-tetrachloride_62048.html
June 25, 2014
Innovation, focused on market and customer needs and attractive growth markets, is expected to contribute 1–2 percentage points annually to Clariant's sales growth, helping the...
http://www.chemweek.com/people_and_business/companies/Clariant-highlights-role-of-innovation-plans-metallocene-polyolefins-hike-China-catalysts-R-and-D-center_62036.html
June 25, 2014
Cytec says it has named Daniel Darazsdi to be the company’s new v.p. and CFO, effective 4 August. Darazsdi replaces David Drillock, who announced his retirement in February...
http://www.chemweek.com/people_and_business/companies/Cytec-names-new-CFO_62035.html
June 25, 2014
Omnova today reported fiscal second-quarter earnings up 17.2% year-on-year (YOY), to $3.4 million, or 7 cts/share, on sales down 1.6%, to $266.4 million. Adjusted earnings from...
http://www.chemweek.com/people_and_business/companies/Omnova-net-income-rises-but-misses-estimates_62018.html
June 25, 2014
Olin says it is refinancing its 8.875% senior bonds due in 2019, using an existing $265-million senior revolving credit facility and a delayed draw-down term loan to pay down the debt...
http://www.chemweek.com/people_and_business/companies/Olin-refinances-debt-rearranges-credit-facilities_62017.html
June 25, 2014
Altana (Wesel, Germany) has agreed with Landa (Rehovot, Israel) to invest €100 million ($136 million) for a minority stake in Landa's digital printing subsidiary. The size of the...
http://www.chemweek.com/people_and_business/companies/Altana-invests-in-Israel-based-digital-printing-business_62015.html
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