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April 16, 2015
PPG Industries today reported first-quarter net income from continuing operations totaling $321 million, or $2.33/share, up 15.9% year-on-year (YOY), on sales up 1%, to $3.7 billion...
http://www.chemweek.com/people_and_business/companies/PPG-beats-estimates-on-cost-cuts_69477.html
April 16, 2015
Thomas Swan (Consett, UK) says that Harry Swan, its managing director, has been appointed to the governing board of Innovate UK, the United Kingdom’s innovation agency, formerly...
http://www.chemweek.com/people_and_business/companies/Harry-Swan-appointed-to-governing-board-of-Innovate-UK_69468.html
April 15, 2015
Fluorochemicals maker Halocarbon says it has named David Bacon as its new CEO, effective 28 April. Bacon, who has more than two decades of industry experience, was most recently...
http://www.chemweek.com/people_and_business/companies/Halocarbon-names-new-CEO_69442.html
April 15, 2015
Yousef Abdullah Al Benyan, who was appointed as Sabic’s CEO elect on 15 February and who is expected to be confirmed as CEO, has made several organizational changes, CW has...
http://www.chemweek.com/people_and_business/companies/Sabics-new-CEO-makes-personnel-business-unit-changes-Update_69435.html
April 15, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) says it has signed a memorandum of understanding (MOU) with Technip's France arm to develop the...
http://www.chemweek.com/people_and_business/companies/METabolic-EXplorer-signs-MOU-with-Technip-to-develop-biobased-L-methionine_69434.html
April 15, 2015
Lenzing (Lenzing, Austria), a producer man-made cellulosic fibers, has today announced the sale of its fully owned subsidiary Dolan (Kelheim, Germany) and its 91.1% stake in European...
http://www.chemweek.com/people_and_business/companies/Lenzing-sells-Dolan-and-stake-in-European-Carbon-Fiber_69439.html
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
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