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April 9, 2014
In the fourth quarter, Symrise (Holzminden, Germany) will open a site for R&D and the manufacturing of sustainable ingredients from the Amazon region, the company announced today...
http://www.chemweek.com/people_and_business/companies/Symrise-opens-R-and-D-facility-in-Brazils-Amazon-region_60206.html
April 9, 2014
Styron says that it plans to convert its nickel butadiene rubber (Ni-BR) production plant at Schkopau, Germany, to neodymium butadiene rubber (Nd-BR). The company says that the Nd-BR...
http://www.chemweek.com/people_and_business/companies/Styron-to-convert-Ni-BR-rubber-production-line-at-Schkopau_60205.html
April 9, 2014
The board of BASF–Petronas Chemicals (BPC), a 60-40 joint venture, has approved the final investment decision and agreed to invest 1.5 billion ringgit ($462 million) to build a...
http://www.chemweek.com/people_and_business/companies/BASF-Petronas-JV-confirms-aroma-ingredients-project-in-Malaysia_60204.html
April 8, 2014
BioConsortia (Davis, CA), an agricultural biotechnology company that discovers and develops microbial consortia for crop improvement, has raised $15 million in its Series B funding...
http://www.chemweek.com/people_and_business/companies/Agbiotech-firm-BioConsortia-raises-$15-million-in-funding_60196.html
April 8, 2014
Research and development (R&D) in the paints and coatings industry is being driven by a variety of issues, chief among energy efficiency and the development of new substrates in...
http://www.chemweek.com/people_and_business/companies/ACS-2014-Energy-issues-new-substrates-key-drivers-for-coatings-R-and-D_60195.html
April 8, 2014
Linde’s North American subsidiary has completed construction of a 575-m.t./day nitrogen liquefier at its Delta, OH air separation plant to support increased demand in the Ohio...
http://www.chemweek.com/people_and_business/companies/Linde-brings-on-nitrogen-liquefier-at-Ohio-plant_60194.html
April 8, 2014
Sensient Technologies announced today that it has named Sam Lteif president of its flavors business. Lteif joins the company, effective 7 April, after 14 years at PepsiCo. Lteif has 23...
http://www.chemweek.com/people_and_business/companies/Sensient-names-flavors-president_60179.html
April 8, 2014
A. Schulman announced today that its board has authorized the repurchase up to $55 million of its common stock. Purchases will take place over a three-year period, ending on 2 April...
http://www.chemweek.com/people_and_business/companies/A-Schulman-announces-$55-million-share-repurchase-program_60178.html
April 8, 2014
A. Schulman today reported net income of $7 million for the fiscal quarter ended 28 February, down 41% year-on-year (YOY), but adjusted results topped estimates. Schulman says income from continuing operations excluding certain items was $11.3 million, a 39% improvement over the prior-year quarter. Adjusted earnings were 39 cts/share, 18% above analyst estimates as compiled by Thomson Reuters. Net sales of $588 million grew 15% YOY, partially due to strength in European demand....
http://www.chemweek.com/people_and_business/companies/A-Schulman-earnings-up-on-European-strength-raises-full-year-guidance_60168.html
April 8, 2014
Ashland’s specialty ingredients unit has completed a 13,000 sq-ft expansion of its Macon, GA facility—moving its Nuosept biocides production line from Leaside, ON to the...
http://www.chemweek.com/people_and_business/companies/Ashland-completes-Georgia-biocide-plant-expansion_60181.html
April 8, 2014
Clariant is incorporating renewable raw materials into quinacridone pigments produced at the company's Frankfurt-Höchst facility, in Germany, the company announced today. The...
http://www.chemweek.com/people_and_business/companies/Clariant-to-use-biobased-succinic-acid-in-production-of-pigments_60174.html
April 7, 2014
Cheniere Energy (Houston) has signed an agreement with Endesa (Madrid), the largest electric utility company in Spain, to provide approximately 750,000 m.t./year of liquefied natural...
http://www.chemweek.com/people_and_business/companies/Cheniere-signs-LNG-agreement-with-Spanish-utility_60152.html
April 7, 2014
Foster Wheeler announced today that its global engineering and construction group has renewed a sales purchase agreement with ENI (Rome) for two years. Under the agreement, Foster...
http://www.chemweek.com/people_and_business/companies/Foster-Wheeler-extends-engineering-and-construction-contract-with-ENI_60153.html
April 4, 2014
LSB Industries (LSB; Oklahoma City, OK) says subsidiary El Dorado Chemical will not renew an exclusive ammonium nitrate supply agreement with Orica International in order to resume distribution to the mining sector...
http://www.chemweek.com/people_and_business/companies/LSB-Industries-to-end-exclusive-sales-of-ammonium-nitrate-to-Orica_60128.html
April 4, 2014
Balchem says it has agreed to acquire SensoryEffects (St. Louis), a privately-held maker of food and beverage ingredients, for $567 million. SensoryEffects’ 2014 revenues should...
http://www.chemweek.com/people_and_business/companies/Balchem-to-acquire-food-ingredients-maker-SensoryEffects_59971.html
April 4, 2014
Celanese is exploring plans to construct a 1.3-million m.t./year methanol production unit at its Bishop, TX site. The company says it is preparing necessary environmental permits for the unit....
http://www.chemweek.com/people_and_business/companies/Celanese-eyes-second-US-methanol-plant_59938.html
April 4, 2014
Sherwin-Williams (SW) announced today that it is terminating its agreement to acquire Mexican paint supplier Comex, which has run into antitrust issues in Mexico. SW has already...
http://www.chemweek.com/people_and_business/companies/Sherwin-Williams-terminates-Comex-Mexico-acquisition_60120.html
April 4, 2014
The Romanian government has delayed for a second time, by up to 45 days, the deadline for submission of binding offers to acquire the state's majority stake in chemicals and...
http://www.chemweek.com/people_and_business/companies/Oltchim-privatization-delayed-again-bidders-interested-in-buying-refinery_60110.html
April 4, 2014
Lanxess has announced several leadership changes, following the arrival of Matthias Zachert as chairman of the board this week. Jorge Nogueira will assume responsibility for the...
http://www.chemweek.com/people_and_business/companies/Lanxess-makes-leadership-changes_60106.html
April 3, 2014
Rhodia, a Solvay affiliate, will redeem in advance its two high-yield senior notes as part of the group's aim to reduce significantly its gross debt, Solvay announced today. Rhodia has...
http://www.chemweek.com/people_and_business/companies/Solvay-redeems-more-than-$1-billion-in-high-yield-notes_60052.html
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