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January 21, 2015
Petroleos Mexicanos (Pemex) is seeking to make annualized savings of more than 21.3 billion pesos ($1.45 billion) over the next four years by consolidating the company's supply and...
http://www.chemweek.com/people_and_business/companies/Pemex-seeks-$1-45-billion-in-savings-over-four-years_67046.html
January 21, 2015
BHP Billiton (Melbourne) reiterated today that it will increase shale liquid volumes by 50% by the end of the company's fiscal 2015 despite lowering its US rig count. Citing weaker oil...
http://www.chemweek.com/people_and_business/companies/BHP-confident-of-boosting-US-shale-production-despite-rig-cut_67024.html
January 20, 2015
Thomas Swan (Consett, UK) says it is collaborating with the Graphene Engineering Innovation Center (GEIC) at the University of Manchester in the design of a graphene research center...
http://www.chemweek.com/people_and_business/companies/Thomas-Swan-University-of-Manchester-collaborate-in-design-of-graphene-research-center_67004.html
January 20, 2015
Novozymes (Bagsvaerd, Denmark) today announced a new corporate strategy, Partnering for Impact, accompanied by a revised set of long-term financial, environmental, and social targets...
http://www.chemweek.com/people_and_business/companies/Novozymes-updates-financial-targets-for-2015-20-announces-new-strategy_66999.html
January 20, 2015
Omnova Solutions today reported fourth-quarter net income of $5.1 million, or 11 cts/share, down 35.4% year-on-year (YOY), on sales up 3.7%, to $243 million. Adjusted income from...
http://www.chemweek.com/people_and_business/companies/Omnova-earnings-decline-but-beat-estimates_67015.html
January 20, 2015
Albemarle today announced a corporate realignment in the wake of its $6.2-billion acquisition of Rockwood Holdings, which closed last week. The company will establish three global...
http://www.chemweek.com/people_and_business/companies/Albemarle-to-realign-corporate-structure-after-Rockwood-deal_67012.html
January 20, 2015
Koppers says it has reached separate deals to sell its US utility pole business to Cox Industries (Orangeburg, SC) and acquire KMG Chemical’s cresote distribution business...
http://www.chemweek.com/people_and_business/companies/Koppers-sells-utility-pole-business-acquires-KMG-cresote-business_67006.html
January 19, 2015
As long as the Boardwalk Pipeline’s Evangeline ethylene pipeline system remains down, US ethylene sources expect spot prices at the Choctaw ethylene storage hub at Plaquemine...
http://www.chemweek.com/people_and_business/companies/US-Choctaw-ethylene-prices-to-stay-above-Mont-Belvieu-with-Evangeline-Pipeline-down_66986.html
January 19, 2015
Praxair says it is changing its exchange rate to line up with the Sicad II rate of 50 bolivars to the dollar rather than government's official exchange rate of 6.3 bolivars to the...
http://www.chemweek.com/people_and_business/companies/Praxair-to-shift-exchange-rate-for-Venezuela-operations_66970.html
January 16, 2015
Quinpario Acquisition Corp. 2 has priced its initial public offering at $10/share, with the company hoping to raise $350.0 million from the offering. Quinpario is a blank-check firm...
http://www.chemweek.com/people_and_business/companies/Second-Quinpario-firm-prices-IPO_66944.html
January 15, 2015
Versalis, the chemicals subsidiary of ENI (Rome), has announced the temporary restart of the company's naphtha cracker at Porto Marghera, Italy, as part of a supply agreement with...
http://www.chemweek.com/people_and_business/companies/Versalis-confirms-restart-of-Porto-Marghera-cracker-to-supply-Shell_66850.html
January 15, 2015
H.B. Fuller last night reported fiscal fourth-quarter net income down by nearly half year-on-year (YOY), to $10.8 million, or 21 cts/share, on revenues up 2.7%, to $547.7 million...
http://www.chemweek.com/people_and_business/companies/H-B-Fuller-earnings-fall-despite-higher-sales_66858.html
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
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