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March 31, 2015
Idemitsu Kosan will reduce the capacity of its Chiba, Japan refinery by 20,000 bbl/day, or 9%, to 200,000 bbl/day, effective 1 April, and by another 35,000 bbl/day at a later date, the...
http://www.chemweek.com/people_and_business/companies/Idemitsu-to-cut-capacity-at-Chiba-refinery_69002.html
March 31, 2015
PPG Industries has acquired Flood Australia (Padstow, Australia), a maker of wood stains and paint additives for consumer, commercial, and industrial applications. Financial terms of...
http://www.chemweek.com/people_and_business/companies/PPG-acquires-wood-stain-and-paint-additives-maker-in-Australia_69047.html
March 30, 2015
Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have...
http://www.chemweek.com/people_and_business/companies/Carlyle-to-sell-additional-Axalta-shares_69033.html
March 30, 2015
Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company...
http://www.chemweek.com/people_and_business/companies/Momentive-Performance-Materials-Ebitda-rises-after-bankruptcy_69017.html
March 30, 2015
Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters...
http://www.chemweek.com/people_and_business/companies/Report-Fidelity-stepping-in-to-resolve-DuPont-proxy-fight_69015.html
March 27, 2015
Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant...
http://www.chemweek.com/people_and_business/companies/Airgas-to-construct-ASU-near-steel-plant-in-Alabama_68984.html
March 27, 2015
Albemarle yesterday said it is raising prices for elemental bromine and bromine derivatives by 30%. The increases will be effective immediately or as soon as contracts permit. Clear...
http://www.chemweek.com/people_and_business/companies/Albemarle-raises-elemental-bromine-prices_68985.html
March 27, 2015
Demand for key basic chemicals has surged since the financial crisis of 2008-2009, but imbalances in supply and demand have emerged that will shape margins through the end of the decade, says Mark Eramo, v.p./global chemical insights at IHS Chemical. Ethylene and vinyls are set to benefit, but methanol could be challenged....
http://www.chemweek.com/people_and_business/companies/IHS-WPC-Basic-chemical-capacity-to-grow-4-percentyear-this-decade_68981.html
March 27, 2015
Composite materials supplier Gurit (Zurich) said today it has appointed Angelo Quabba as CFO and a member of the company’s executive committee, effective 1 August. Quabba is...
http://www.chemweek.com/people_and_business/companies/Gurit-appoints-CFO_68963.html
March 26, 2015
H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/H-B-Fuller-earnings-fall-on-currency-full-year-guidance-reaffirmed_68936.html
March 26, 2015
One in every five large (more than 1,000 employees) industrial companies in Germany is involved in a start-up in order to support innovation. But only 1 in 10 firms with fewer than...
http://www.chemweek.com/people_and_business/companies/Germany-Large-companies-buy-into-start-ups-to-tap-creativity_68927.html
March 25, 2015
Activist hedge fund Trian fund Management (New York) today filed a definitive proxy statement with SEC for its four director nominees to stand for election to DuPont’s board at...
http://www.chemweek.com/people_and_business/companies/Trian-files-new-DuPont-proxy-slams-Kullman-over-stock-options_68896.html
March 25, 2015
Clariant has inaugurated a new manufacturing facility—acquired through its recent acquisition of health-care packaging company VitaPac (Dongguan, China)—at the Dongguan...
http://www.chemweek.com/people_and_business/companies/Clariant-inaugurates-packaging-facility-in-southeast-China_68895.html
March 25, 2015
Applied Graphene Materials (Wilton, UK), a producer of specialty graphene materials, today announced its interim results for the six months ended 31 January. The company reports a loss...
http://www.chemweek.com/people_and_business/companies/Applied-Graphene-Materials-reports-loss-plans-expansion-of-production-capacity_68884.html
March 24, 2015
Polyethylene (PE) prices are likely to remain at healthy levels as a result of sustained demand according to Dow Chemical. Converters had refrained from restocking in the first months...
http://www.chemweek.com/people_and_business/companies/NPE2015-Dow-says-2015-PE-prices-will-be-supported-by-supply-constraints-demand-to-remain-healthy_68857.html
March 24, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced that revenues rose to €3.7 million ($4.04 million) in 2014, up from €700,000 in...
http://www.chemweek.com/people_and_business/companies/METabolic-EXplorer-increases-sales-operating-income-reduces-net-loss_68851.html
March 24, 2015
Biobased chemicals and fuels firm Gevo (Englewood, CO) announced today that it has signed a memorandum of understanding with Praj Industries (Pune, India) for the latter to become a...
http://www.chemweek.com/people_and_business/companies/Gevo-licenses-iosbutanol-technology-to-Praj-Industries_68849.html
March 24, 2015
Lenzing, (Lenzing, Austria), a man-made cellulosic fibers producer, says sales fell by 2.3%, to €1.86 billion ($2.02 billion), in fiscal 2014 compared with sales of €1.91...
http://www.chemweek.com/people_and_business/companies/Lenzing-reports-increased-Ebitda-lower-sales-in-very-challenging-environment_68841.html
March 24, 2015
The International Plastics Showcase  (NPE2015) opened today and over 60,000 industry professionals are anticipated to convene at the Orange County Convention Center in Orlando, FL...
http://www.chemweek.com/people_and_business/companies/NPE-2015-opens-with-attendance-expected-to-be-11-percent-higher-than-in-2012_68829.html
March 23, 2015
OM Group and activist hedge fund FrontFour Capital (New York) have reached an agreement regarding the composition of the company’s board. Under the agreement, OM Group will...
http://www.chemweek.com/people_and_business/companies/OM-Group-FrontFour-reach-agreement-on-board-seats_68833.html
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