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May 22, 2014
Symrise (Holzminden, Germany) says today it is entering into a strategic partnership with the non-profit organizations Global Nature Fund and the Union for Ethical BioTrade. The...
http://www.chemweek.com/people_and_business/companies/Symrise-enters-into-strategic-partnership-to-preserve-biodiversity_61227.html
May 21, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference today that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business. The company announced last October that it would divest its $7-billion/year performance chemicals segment by mid-2015 through a tax-free spin-off to shareholders as a part of the company’s transformation to a “higher growth, less cyclical company.”  The business includes titanium dioxide, fluoroproducts, and industrial chemicals....
http://www.chemweek.com/people_and_business/companies/DuPont-says-it-would-consider-alternatives-to-spinoff-for-performance-chemicals-unit_61210.html
May 21, 2014
ACC director of regulatory and technical affairs Lorraine Gershman has testified to the US House Subcommittee on Energy and Power in support of the Promoting New Manufacturing Act...
http://www.chemweek.com/people_and_business/companies/ACC-testifies-before-Congress-on-Promoting-New-Manufacturing-Act_61192.html
May 20, 2014
The Society of Chemical Industry (SCI), America Group, announced today that it is awarding the 2014 SCI Perkin Medal to John Warner, president and chief technology officer of the...
http://www.chemweek.com/people_and_business/companies/SCI-awards-Perkin-medal-to-green-chemistry-leader_61170.html
May 20, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €50 million ($68.5 million) at its production site at Bari, Italy to respond to rising demand for biopharmaceuticals, the company...
http://www.chemweek.com/people_and_business/companies/Merck-KGaA-to-expand-biopharma-site-in-Italy_61171.html
May 16, 2014
Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The...
http://www.chemweek.com/people_and_business/companies/Comex-Mexico-files-suit-against-Sherwin-Williams-over-deal-termination_61108.html
May 16, 2014
Lenzing (Lenzing, Austria) says that sales in first-quarter 2014 were €451.7 million ($618.8 million), compared with €496.5 million in the corresponding quarter a year ago, a...
http://www.chemweek.com/people_and_business/companies/Lenzing-says-difficult-market-in-first-quarter-sales-fall-9-percent-Ebitda-plunges-30-percent_61102.html
May 16, 2014
Odfjell says it has agreed with affiliates of investment firms Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas (LPG) and ethylene shipping joint venture...
http://www.chemweek.com/people_and_business/companies/Odfjell-spins-LPG-ethylene-shipping-business-into-JV-orders-four-vessels_61105.html
May 15, 2014
State-owned chemical producer Oltchim (Râmnicu Vâlcea, Romania) reports losses of €12 million in the first quarter, 35% lower than the losses reported in the first...
http://www.chemweek.com/people_and_business/companies/Oltchims-losses-narrow-on-restructuring_61089.html
May 15, 2014
Suppliers of chemicals to the personal-care and cosmetics industries were mostly upbeat at this year’s Suppliers’ Day show, held earlier this week at Edison, NJ. Most...
http://www.chemweek.com/people_and_business/companies/Suppliers-Day-2014-Mood-mostly-upbeat-for-personal-care-industry_61087.html
May 15, 2014
Evonik Industries says it has set new long-term environmental targets, details of which are published in the company’s Sustainability Report 2013. Evonik plans to reduce its...
http://www.chemweek.com/people_and_business/companies/Evonik-publishes-sustainability-report-sets-environmental-targets-for-2020_61086.html
May 15, 2014
Symrise (Holzminden, Germany) says it has increased its capital from authorized capital by about €400 million ($548 million) by placing 11,150,000 new shares with institutional...
http://www.chemweek.com/people_and_business/companies/Symrise-generates-$548-million-from-capital-increase_61077.html
May 13, 2014
FMC announced today that it has broken ground on a blending facility for natural colors at its Newark, DE manufacturing site. The company produces natural colors in Santiago, Chile and...
http://www.chemweek.com/people_and_business/companies/FMC-to-expand-Delaware-site-with-natural-colors-blending-facility_61050.html
May 13, 2014
BASF has proposed a plan to consolidate manufacturing operations at its Cinderford, UK, precious metals recycling plant, losing about 50 jobs, the company announced today. BASF will...
http://www.chemweek.com/people_and_business/companies/BASF-to-close-metals-recycling-unit-in-the-UK-focus-on-autocatalyst-recycling-market_61026.html
May 12, 2014
Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular...
http://www.chemweek.com/people_and_business/companies/Innospec-launches-$20-million-share-buyback_61010.html
May 12, 2014
Otsuka Chemical says it has established a US subsidiary to build a manufacturing plant at Griffin, GA, to produce the company’s fiber-free potassium titanate product line. The...
http://www.chemweek.com/people_and_business/companies/Otsuka-Chemical-establishes-US-subsidiary-for-fiber-free-potassium-titanate-manufacture_60998.html
May 10, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €100 million ($137.6 million) this year in biosimilars, a new business being developed by its Merck Serono unit. In addition, Merck...
http://www.chemweek.com/people_and_business/companies/Merck-KGaA-to-invest-in-biosimilars-eyes-pharma-acquisitions_60979.html
May 9, 2014
Minerals Technologies today announced it has completed the acquisition of bentonite maker Amcol (Hoffman Estates, IL) for $1.7 billion, or $45.75/share. The deal was announced in March...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-completes-Amcol-acquisition_60969.html
May 9, 2014
Odfjell posted a net loss of $23 million in the first quarter compared with a net loss of $13 million in the first quarter of 2013. Sales were $266 million, up from $256 million in the...
http://www.chemweek.com/people_and_business/companies/Odfjell-net-loss-widens-plans-restructuring_60964.html
May 8, 2014
Braskem's quarter-one net profit grew 70% year-on-year (YOY), to 396 million reais ($177.5 million), partly resulting from the sale of the water treatment unit at the Triunfo, Brazil...
http://www.chemweek.com/people_and_business/companies/Braskems-net-profit-up-70-percent-on-operational-efficiencies-divestments_60903.html
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