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January 14, 2015
Koppers today announced it has completed a legal reorganization of its foreign subsidiaries, allowing it to repatriate cash at a lower effective tax rate. The company estimates cash...
http://www.chemweek.com/people_and_business/companies/Koppers-completes-tax-reorganization-delays-plant-construction_66821.html
January 14, 2015
Uralkali (Berezniki, Russia) produced 2.9 million m.t. of potassium chloride (KCl) in the last quarter of 2014, slightly above the 2.8 million m.t. produced one year earlier, the...
http://www.chemweek.com/people_and_business/companies/Uralkalis-potash-production-up-in-fourth-quarter_66818.html
January 14, 2015
Indorama Ventures (Bangkok) today announced that it has pulled out of an agreement to acquire Sasa Polyester Sanayi (Adana, Turkey), a leading polyester and polyethylene terephthalate...
http://www.chemweek.com/people_and_business/companies/Indorama-ends-plan-to-acquire-Turkish-firm-Sasa-Polyester-Sanayi_66809.html
January 13, 2015
Hedge fund Trian Fund Management (New York) on Friday continued its campaign against DuPont management by nominating four directors to the company’s board. The four are Trian CEO...
http://www.chemweek.com/people_and_business/companies/Trian-nominates-four-DuPont-directors-sharpens-call-for-break-up_66718.html
January 13, 2015
Mitsui Chemicals announced today that one of its former employees has been found criminally negligent in the 22 April 2012 accident at its Iwakuni-Ohtake resorcinol plant at Waki...
http://www.chemweek.com/people_and_business/companies/Former-Mitsui-Chemicals-employee-found-negligent-in-2012-resorcinol-plant-accident_66775.html
January 12, 2015
Axalta and Shanghai Kinlita Chemical have signed a joint-venture agreement aimed at producing and selling coatings into China’s commercial truck market. Financial details of the...
http://www.chemweek.com/people_and_business/companies/Axalta-enters-into-truck-coatings-joint-venture-in-China_66765.html
January 12, 2015
Ablemarle today completed the $6.20-billion acquisition of Rockwood Holdings, which was announced in July 2014. Rockwood will become a wholly owned subsidiary of Albemarle, and...
http://www.chemweek.com/people_and_business/companies/Albemarle-completes-Rockwood-acquisition_66762.html
January 12, 2015
Odfjell says that its board has approved a restructuring program that is expected to result in annualized improvements in the company's net profit of more than $100.0 million by 2016...
http://www.chemweek.com/people_and_business/companies/Odfjell-to-cut-jobs-in-restructuring-plan-CEO-steps-down_66751.html
January 12, 2015
The "system problems" that hampered operations at Sabic European subsidiary all last week have been resolved, the company tells CW. The system issues impacted the ordering...
http://www.chemweek.com/people_and_business/companies/Sabic-ordering-delivery-system-issues-in-Europe-resolved_66750.html
January 12, 2015
The Oman government is considering reviving plans to partially privatize Oman Oil Refineries and Petroleum Industries (Orpic; Muscat), reports say. Reviving the privatization is a...
http://www.chemweek.com/people_and_business/companies/Reports-Oman-mulling-partial-privatization-of-Orpic_66748.html
January 12, 2015
PCC Rokita (Brzeg Dolny, Poland) says it has concluded a 50-50 joint venture agreement with IRPC Polyols (Bangkok) for the sale of polyols and polyurethane systems in China, India, and...
http://www.chemweek.com/people_and_business/companies/Polish-Thai-firms-create-polyol-sales-JV_66749.html
January 9, 2015
Hedge fund FrontFour Capital (Greenwich, CT) today released a letter criticizing the management of OM Group, accusing the company of generating a poor return on capital, and on...
http://www.chemweek.com/people_and_business/companies/Hedge-fund-FrontFour-releases-letter-criticizing-OM-Group_66729.html
January 9, 2015
Arsenal Capital’s Royal Adhesives (South Bend, IN) has purchased the assets of Advanced Polymers International (API; Syracuse, NY) from Paper Conversions, Inc. (Syracuse) for an...
http://www.chemweek.com/people_and_business/companies/Royal-Adhesives-buys-label-adhesive-maker_66720.html
January 9, 2015
Evonik Industries says that it has appointed Ulrich Küsthardt as new chief innovation officer, effective from the beginning of this year. Küsthardt says that he plans to...
http://www.chemweek.com/people_and_business/companies/Evonik-appoints-new-chief-innovation-officer_66709.html
January 9, 2015
Isobutanol producer Gevo (Englewood, CO) has announced that it produced over 50,000 gal of isobutanol via fermentation at its Luverne, MN, production plant. The company had previously...
http://www.chemweek.com/people_and_business/companies/Gevo-hits-isobutanol-production-target-in-December_66708.html
January 8, 2015
MeadWestvaco (MWV) says it plans a tax-free spin-off of its specialty chemicals business, a maker of pine chemical derivatives for printing inks, adhesives, and asphalt paving, among...
http://www.chemweek.com/people_and_business/companies/MeadWestvaco-to-spin-off-specialty-chemicals-business_66649.html
January 8, 2015
Compass Minerals (Overland Park, KS) says strong pre-season demand for deicing products more than offset lower in-season demand resulting from below-average snowfall during the fourth quarter of 2014....
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-says-fourth-quarter-salt-sales-beat-expectations_66619.html
January 7, 2015
RPM today reported fiscal second-quarter net income of $69.8 million, up 9.8% year-on-year (YOY), on sales that were flat at $1.07 billion. Earnings totaled 52 cts/share, missing...
http://www.chemweek.com/people_and_business/companies/RPM-misses-estimates-cuts-guidance-despite-rising-income_66617.html
January 6, 2015
A. Schulman today reported fiscal first-quarter net income from continuing operations up 6.5% year-on-year (YOY), to $13.2 million, on sales up 5%, to $615.1 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/A-Schulman-beats-estimates-on-higher-sales_66600.html
January 6, 2015
Evonik Industries named Tammo Boinowitz head of personal care, effective 1 January, the company says. He succeeds Deitmar Moll, who Evonik says is moving into a new role involving...
http://www.chemweek.com/people_and_business/companies/Evonik-names-new-personal-care-chief_66589.html
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