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January 27, 2016
The US chemical industry is expected to feel the impact of slow global growth, low commodity prices and the strong dollar, according to a new report by Moody’s Investors Service...
http://www.chemweek.com/people_and_business/companies/Moodys-Macro-trends-a-problem-for-parts-of-US-chemical-industry_76706.html
January 26, 2016
Ashland has reported fiscal first-quarter net income more than doubled year-on-year (YOY), to $91 million, mostly because of a charge in the year-ago quarter. Sales fell 16% YOY, to...
http://www.chemweek.com/people_and_business/companies/Ashland-beats-estimates-but-sales-down-on-energy-and-currency_76680.html
January 26, 2016
Rentech Nitrogen has filed a registration statement with SEC to prepare for a potential spin-out of its Pasadena, TX, facility in the event it is unable to sell the plant. The...
http://www.chemweek.com/people_and_business/companies/Rentech-Nitrogen-preparing-for-potential-spin-out-of-Texas-facility_76677.html
January 26, 2016
DuPont on Tuesday reported a fourth-quarter 2015 net loss of $253 million, or 26 cts/share, due mostly to restructuring charges as the company implements cost-cutting programs. Sales...
http://www.chemweek.com/people_and_business/companies/DuPont-beats-estimates-despite-lower-sales-raises-cost-cutting-targets_76676.html
January 25, 2016
Antioxidants maker Addivant (Danbury, CT) announced on Monday the expansion of the company’s Morgantown, WV manufacturing facility to meet increasing demands of its...
http://www.chemweek.com/people_and_business/companies/Addivant-expands-West-Virginia-facility-by-threefold_76652.html
January 25, 2016
Praxair has started up an air separation facility in Zoucheng City, China, with Yankuang Guohong Chemical. Through a long-term contract, Praxair’s 3,000-ton/day plant will...
http://www.chemweek.com/people_and_business/companies/Praxair-starts-air-separation-plant-in-China_76649.html
January 22, 2016
Monsanto on 22 January filed a lawsuit against the California Office of Environmental Health Hazard Assessment (OEHHA) to prevent the listing of glyphosate under California’s...
http://www.chemweek.com/people_and_business/companies/Monsanto-sues-California-to-prevent-listing-of-glyphosate-as-carcinogen_76627.html
January 22, 2016
PPG Industries on Thursday reported fourth-quarter 2015 net income more than doubled year-on-year (YOY), to $314 million, because of a charge in the year-ago quarter and rising...
http://www.chemweek.com/people_and_business/companies/PPG-Industries-earnings-beat-estimates-on-higher-volumes_76605.html
January 21, 2016
Gelest (Morrisville, PA), a producer and supplier of specialty organosilicon compounds and silicones, says it has launched a silicone elastomer that can stretch more than 5,000% before...
http://www.chemweek.com/people_and_business/companies/Gelest-launches-silicone-elastomer-with-record-breaking-stretch-properties_76609.html
January 21, 2016
Polysys Additive Technologies Middle East (PAT ME) held an opening ceremony Thursday for a one-pack systems (OPS) plant in Abu Dhabi. The plant is now operational and has been...
http://www.chemweek.com/people_and_business/companies/Songwon-JV-inaugurates-OPS-plant-in-Abu-Dhabi_76600.html
January 21, 2016
Evonik Industries' venture capital arm has invested in startup company Synoste (Helsinki), in which Evonik now holds a minority stake. The investment was made as part of an A-series...
http://www.chemweek.com/people_and_business/companies/Evonik-invests-in-Finland-medical-technology-start-up_76603.html
January 21, 2016
Altanahas announced that it is investing $3.5 million in Melior Innovations (Houston). Melior specializes in the development of high-performance materials, such as specialty ceramics...
http://www.chemweek.com/people_and_business/companies/Altana-invests-in-Melior-Innovations_76569.html
January 21, 2016
3M announced Wednesday that it has entered into an agreement to sell its pressurized polyurethane foam adhesives business to Innovative Chemical Products (ICP; Andover, MA). ICP is...
http://www.chemweek.com/people_and_business/companies/3M-sells-pressurized-polyurethane-foam-adhesives-unit-to-Innovative-Chemical-Products_76575.html
January 20, 2016
An investment firm has proposed that Ashland sell its specialty ingredients business and restructure Valvoline to create a master limited partnership (MLP), according to a Reuters...
http://www.chemweek.com/people_and_business/companies/Report-Investor-seeks-sale-of-Ashland-specialties-business-MLP-for-Valvoline_76592.html
January 20, 2016
Royal Dutch Shell says that it expects fourth-quarter 2015 group earnings on a current cost of supplies (CCS) basis excluding exceptional items to be $1.6-1.9 billion. The estimate...
http://www.chemweek.com/people_and_business/companies/Shell-warns-of-big-decline-in-fourth-quarter-group-profits_76580.html
January 20, 2016
Workers have taken strike action at all of ENI's (Rome) production sites in Italy today, in protest at the company's plans to divest a part of its chemicals business Versalis. Local...
http://www.chemweek.com/people_and_business/companies/Workers-strike-at-ENI-Versalis-sites-in-Italy_76576.html
January 20, 2016
W.R. Grace said today it expects full-year 2015 sales to total $3.05 billion, with 2015 sales for GCP Applied Technologies to total $1.42 billion. GCP is Grace’s former...
http://www.chemweek.com/people_and_business/companies/Grace-outlook-calls-for-lower-full-year-sales-in-2015_76577.html
January 20, 2016
Johnson Matthey says it has expanded the R&D facilities at its Cambridge, UK, location. Capacity has been added in process R&D and in non-GMP production on a kilogram scale of...
http://www.chemweek.com/people_and_business/companies/Johnson-Matthey-expands-UK-R-and-D-facilities_76562.html
January 19, 2016
Praxair announced Tuesday that its surface coatings unit, a leading supplier of high-performance coatings and thermal-spray powders to the aviation and energy industry, has...
http://www.chemweek.com/people_and_business/companies/Praxair-and-GE-Aviation-form-coatings-jv_76560.html
January 19, 2016
Specialty chemical distributor Maroon Group (Forest Park, IL) announced Tuesday the acquisition of CNX Distribution (Hurst, TX), expanding its presence in the southwestern United...
http://www.chemweek.com/people_and_business/companies/Maroon-Park-expands-presence-through-acquisition-of-CNX_76557.html
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