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February 21, 2014
Eastman Chemical announced Thursday that its board has approved the repurchase of up to an additional $1 billion of Eastman common stock.  “These actions reflect the...
http://www.chemweek.com/people_and_business/companies/Eastman-board-approves-$1-billion-share-repurchase_58981.html
February 20, 2014
Sulvaris (Calgary, AB) says it has received final regulatory approval from Alberta Environment and Sustainable Resource Development (AESRD) for its sulfur fertilizer plant in central...
http://www.chemweek.com/people_and_business/companies/Sulfur-fertilizer-company-Sulvaris-to-build-Alberta-production-facility_58944.html
February 19, 2014
Hedge fund FrontFour Capital (New York) said today that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle....
http://www.chemweek.com/people_and_business/companies/Hedge-fund-says-it-will-seek-four-seats-on-Sensient-board-updated_58903.html
February 19, 2014
CF Industries’ CFO Dennis Kelleher said in the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited...
http://www.chemweek.com/people_and_business/companies/CF-Industries-dissuaded-on-MLP-talks-CFO-says_58929.html
February 19, 2014
ACC has released its monthly US Chemical Production Regional Index, indicating a 0.3% rise in January, following a 0.6% gain in December 2013. ACC says production continued to move...
http://www.chemweek.com/people_and_business/companies/ACC-US-chemical-production-edges-up-in-January_58901.html
February 19, 2014
Calgon Carbon today reported stronger earnings for the fourth quarter, though sales were down on weaker demand. Net income of $11 million was up 20% year-on-year, with earnings per...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-up-sales-fall-on-weaker-demand_58900.html
February 18, 2014
Terra Nitrogen LP reported fourth quarter net earnings of $113.6 million, down 24% year-over-year (YOY) on sales down 17%, to $168 million. The company says results for the...
http://www.chemweek.com/people_and_business/companies/Terra-Nitrogen-reports-weak-quarter-on-price-slump_58889.html
February 18, 2014
Weak fertilizer prices pushed CF Industries’ earnings lower in the fourth quarter, with the company reporting net income of $325.8 million, down 30% year-over-year (YOY)...
http://www.chemweek.com/people_and_business/companies/CF-Industries-earnings-slump-on-weak-fertilizer-market_58888.html
February 18, 2014
Stepan today reported net income down 30.5% year-on-year (YOY), to $10.7 million, on sales up 11%, to $474.3 million. Excluding restructuring and deferred compensation expenses, net...
http://www.chemweek.com/people_and_business/companies/Stepan-earnings-miss-estimates_58876.html
February 18, 2014
Calgon Carbon announced today that its board as named Randall Dearth, current CEO of the company, as chairman, effective 1 May. Dearth will replace Seth Schofield, who announced his...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-CEO-named-board-chairman_58875.html
February 18, 2014
Westlake Chemical has declared a two-for-one split of the company's common stock and increased the quarterly cash dividend by 12%, to 25.2 cts/share, on a presplit basis....
http://www.chemweek.com/people_and_business/companies/Westlake-declares-stock-split-increases-dividend-12-percent_58869.html
February 18, 2014
Air Products says it has recently signed contracts with over 20 recycled copper manufacturers in China to provide its oxy-fuel solution—with about half of them onstream and...
http://www.chemweek.com/people_and_business/companies/Air-Products-provides-oxy-fuel-to-over-20-China-copper-recyclers_58877.html
February 18, 2014
Mosaic announced on 14 February that it had entered into a share-repurchase agreement with “certain Cargill family trusts” to buy about 8.2 million shares of Class A stock...
http://www.chemweek.com/people_and_business/companies/Mosaic-buys-back-8-2-million-shares-from-Cargill-trusts_58847.html
February 14, 2014
CP Kelco announced today that it is expanding capacity by 30% at the company’s pectins plant in Limeira, Brazil. Pectin is a texturizer derived from citrus peels and beet pulp...
http://www.chemweek.com/people_and_business/companies/CP-Kelco-expanding-pectins-capacity-in-Brazil_58833.html
February 14, 2014
Dérivés Résiniques et Terpéniques (DRT; Dax, France), a company that specializes in developing rosin and turpentine extracted from pine resin, has announced...
http://www.chemweek.com/people_and_business/companies/DRT-extends-terpenes-distribution-network_58831.html
February 14, 2014
Matheson Tri-Gas (Basking Ridge, NJ), a a subsidiary of Taiyo Nippon Sanso Corp. (TNSC; Shinagawa, Japan), has completed the acquisition of Continental Carbonic Products (Decatur...
http://www.chemweek.com/people_and_business/companies/Matheson-acquires-US-dry-ice-business-Continental-Carbonic-Products_58829.html
February 14, 2014
Private-equity backed PQ Corp. today filed for an initial public offering (IPO) that could be worth up $450 million, according to US regulatory documents. The company, a maker of...
http://www.chemweek.com/people_and_business/companies/PQ-files-for-IPO_58758.html
February 14, 2014
Axiall (Atlanta) expects to resume operations at its PHH vinyl chloride monomer (VCM) manufacturing facility in Lake Charles, LA, near the end of the first quarter, the company announce on 6 February....
http://www.chemweek.com/people_and_business/companies/Axiall-aims-to-restart-Lake-Charles-VCM-before-second-quarter_58601.html
February 14, 2014
Dow Chemical has rejected a proposal by hedge fund Third Point (New York) that the company spin off its petrochemical operations. The benefits of vertical integration, scale, and shared technologies would be lost, while a significant breakup, “simplistically described as petrochemical and specialty chemical assets,” would create no additional value, says Dow. In response, Third Point offered to sign a non-disclosure agreement to review Dow's analysis....
http://www.chemweek.com/people_and_business/companies/Dow-rejects-proposed-breakup-reaffirms-current-strategy-updated_58777.html
February 14, 2014
A percentage of Rentech Inc. shareholders, partially made up of investment firm members Engaged Capital and Lone Star Value Management calling themselves Concerned Rentech Shareholders...
http://www.chemweek.com/people_and_business/companies/Rentech-shareholders-urge-changes-reiterate-director-nominations_58815.html
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