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April 14, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....
http://www.chemweek.com/people_and_business/companies/Momentive-Performance-Materials-files-for-Chapter-11-updated_60267.html
April 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer debt up 6.4%; up 5.6% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/companies/ACCs-economic-outlook-for-the-week-ended-11-April-2014_60273.html
April 14, 2014
Air Products will build a 40-million standard cubic feet/day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation (PDH) facility...
http://www.chemweek.com/people_and_business/companies/Air-Products-to-build-hydrogen-plant-at-Enterprise-PDH-unit_60272.html
April 14, 2014
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The price includes a tax election that is...
http://www.chemweek.com/people_and_business/companies/Koppers-acquires-wood-treatment-railroad-businesses_60271.html
April 11, 2014
Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital...
http://www.chemweek.com/people_and_business/companies/Shareholder-advisory-firm-weighs-in-against-Sensient-dissidents_60255.html
April 11, 2014
Sumitomo has agreed to acquire a minority share in Cepsa Química China (Shanghai), and the resulting company will be a 75-25 joint venture between Cepsa (Madrid) and Sumitomo...
http://www.chemweek.com/people_and_business/companies/Sumitomo-buys-stake-in-Cepsa-phenol-project-at-Shanghai_60253.html
April 10, 2014
Sumitomo Corp. has acquired the fungicide Metominostrobin from Bayer CropScience's Japan subsidiary. Financial terms of the agreement were not disclosed. Metominostrobin is a...
http://www.chemweek.com/people_and_business/companies/Sumitomo-Corp-acquires-Bayer-fungicide-product-line_60233.html
April 10, 2014
Compass Minerals reported stronger first-quarter volumes for deicing products due to severe winter in North America. Compass Minerals says highway deicing sales...
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-first-quarter-deicing-volumes-up-on-heavy-winter-weather_60246.html
April 10, 2014
Leading potash producer Uralkali (Berezniki, Russia) says its 2013 net profit dropped 58%, to $666 million on revenue down 20%, to $2.7 billion. Uralkali's Ebitda declined 31% in 2013...
http://www.chemweek.com/people_and_business/companies/Uralkali-posts-falls-in-2013-earnings-sales-says-performance-improved-after-exit-from-potash-cartel_60244.html
April 10, 2014
Taghleef Industries (Dubai) says it has agreed to acquire Derprosa Film (Alcala la Real, Spain) from private equity firms 3i Group (London) and Baring (Madrid), and other minority...
http://www.chemweek.com/people_and_business/companies/Dubais-Taghleef-Industries-to-acquire-BOPP-producer-in-Spain_60235.html
April 10, 2014
Chevron has signed agreements with energy company Yacimientos Petroliferos Fiscales (YPF; Buenos Aires) to develop shale oil and gas resources from the Vaca Muerta formation located in...
http://www.chemweek.com/people_and_business/companies/Chevron-YPF-ink-agreement-to-continue-cooperation-on-shale-oil-and-gas-development_60230.html
April 9, 2014
Paints and coatings makers are feeling increasingly optimistic about business prospects for 2014, as the rebounding construction market drives demand for architectural coatings and raw...
http://www.chemweek.com/people_and_business/companies/ACS-2014-Optimism-rising-in-the-coatings-industry_60219.html
April 9, 2014
Praxair has started up a new 270-m.t./day air separation plant at Pisco, in central Peru, the company announced today. The unit will allow the company to increase supply of oxygen to...
http://www.chemweek.com/people_and_business/companies/Praxair-starts-up-air-separation-plant-at-Peru-steelmaker_60207.html
April 9, 2014
In the fourth quarter, Symrise (Holzminden, Germany) will open a site for R&D and the manufacturing of sustainable ingredients from the Amazon region, the company announced today...
http://www.chemweek.com/people_and_business/companies/Symrise-opens-R-and-D-facility-in-Brazils-Amazon-region_60206.html
April 9, 2014
Styron says that it plans to convert its nickel butadiene rubber (Ni-BR) production plant at Schkopau, Germany, to neodymium butadiene rubber (Nd-BR). The company says that the Nd-BR...
http://www.chemweek.com/people_and_business/companies/Styron-to-convert-Ni-BR-rubber-production-line-at-Schkopau_60205.html
April 9, 2014
The board of BASF–Petronas Chemicals (BPC), a 60-40 joint venture, has approved the final investment decision and agreed to invest 1.5 billion ringgit ($462 million) to build a...
http://www.chemweek.com/people_and_business/companies/BASF-Petronas-JV-confirms-aroma-ingredients-project-in-Malaysia_60204.html
April 8, 2014
BioConsortia (Davis, CA), an agricultural biotechnology company that discovers and develops microbial consortia for crop improvement, has raised $15 million in its Series B funding...
http://www.chemweek.com/people_and_business/companies/Agbiotech-firm-BioConsortia-raises-$15-million-in-funding_60196.html
April 8, 2014
Research and development (R&D) in the paints and coatings industry is being driven by a variety of issues, chief among energy efficiency and the development of new substrates in...
http://www.chemweek.com/people_and_business/companies/ACS-2014-Energy-issues-new-substrates-key-drivers-for-coatings-R-and-D_60195.html
April 8, 2014
Linde’s North American subsidiary has completed construction of a 575-m.t./day nitrogen liquefier at its Delta, OH air separation plant to support increased demand in the Ohio...
http://www.chemweek.com/people_and_business/companies/Linde-brings-on-nitrogen-liquefier-at-Ohio-plant_60194.html
April 8, 2014
Sensient Technologies announced today that it has named Sam Lteif president of its flavors business. Lteif joins the company, effective 7 April, after 14 years at PepsiCo. Lteif has 23...
http://www.chemweek.com/people_and_business/companies/Sensient-names-flavors-president_60179.html
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