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April 17, 2014
PPG today reported net income from continuing operations up 45% year-on-year (YOY), to $277 million, on sales from continuing operations up 17%, to $3.6 billion. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/PPG-earnings-beat-estimates-on-higher-volumes_60366.html
April 16, 2014
SI Group (Schenectady, NY) has agreed to acquire the antioxidant, ibuprofen and propofol businesses of Albemarle for an undisclosed amount of cash. The deal includes manufacturing...
http://www.chemweek.com/people_and_business/companies/SI-Group-to-acquire-Albemarles-antioxidants-and-ibuprofen-business_60349.html
April 16, 2014
Albemarle today reported net income down 32.6% year-on-year (YOY), to $56.6 million, or 71 cts/share, on net sales up 2.3%, to $656.7 million. Net income fell primarily due to charges...
http://www.chemweek.com/people_and_business/companies/Albemarle-earnings-fall-but-beat-estimates_60350.html
April 16, 2014
Lubrizol says it has formed an energy and water business unit to focus on its offerings oilfield, refinery process and industrial water treatment chemicals. The unit is a part of the...
http://www.chemweek.com/people_and_business/companies/Lubrizol-forms-energy-and-water-unit_60347.html
April 16, 2014
A. Schulman has announced that it is aiming to grow sales by 10-11%/year through 2018, to $3.6-$3.7 billion. The company is also aiming to grow adjusted earnings by an average of...
http://www.chemweek.com/people_and_business/companies/Schulman-sets-double-digit-sales-and-earnings-growth-targets_60348.html
April 16, 2014
Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose...
http://www.chemweek.com/people_and_business/companies/Sensient-FrontFour-trade-volleys-in-advance-of-shareholder-meeting_60333.html
April 16, 2014
The US Government Accountability Office (GAO) has released a study finding that a lack of consistent government-wide data on the number and type of National Environmental Policy Act...
http://www.chemweek.com/people_and_business/companies/GAO-report-highlights-lack-of-data-on-US-environmental-reviews_60327.html
April 16, 2014
Indian Farmers Fertiliser Cooperative (Iffco) Canada (Montreal), the Canada arm of an Indian fertilizer distributor, announced today that the government of Quebec has authorized the...
http://www.chemweek.com/people_and_business/companies/Indian-Farmers-Fertiliser-Co-advances-$1-6-billion-Quebec-urea-complex_60326.html
April 16, 2014
Amyris (Emeryville, CA) has resumed production at its industrial fermentation plant at Brotas, Brazil, following a planned maintenance and upgrade period, the company announced today...
http://www.chemweek.com/people_and_business/companies/Amyris-resumes-farnesene-production-in-Brazil-prepares-to-make-patchouli_60324.html
April 16, 2014
Syngenta had $4.7 billion in sales during the first quarter, according to the company's latest trading statement, released today. The figure represents a 2% increase from the same...
http://www.chemweek.com/people_and_business/companies/Syngentas-first-quarter-sales-up-2-percent-to-$4-7-billion_60322.html
April 15, 2014
Mosaic agreed to acquire Archer Daniels Midland's (ADM) fertilizer distribution business in Brazil and Paraguay for $350 million. The price assumes the delivery of $150 million in...
http://www.chemweek.com/people_and_business/companies/Mosaic-acquires-ADMs-fertilizer-distribution-businesses-in-Brazil-and-Paraguay_60315.html
April 15, 2014
IC Potash (ICP; Toronto) announced today that the Bureau of Land Management (BLM) has authorized ICP to construct and operated a sulphate of potash project, called Ochoa, at Lea...
http://www.chemweek.com/people_and_business/companies/IC-Potash-receives-BLM-approval-of-New-Mexico-potash-project_60302.html
April 15, 2014
Sensient Technologies has reported a first-quarter net loss of $2.08 million, or 4 cts/share, compared with a profit of $21.4 million, or 43 cts/share, in the year-ago quarter, due...
http://www.chemweek.com/people_and_business/companies/Sensient-swings-to-loss-on-restructuring-charges-raises-guidance_60303.html
April 15, 2014
BASF has lifted its declaration of force majeure on citral-based aroma chemicals, as well as vitamin A and vitamin E products for human and animal nutrition, at Ludwigshafen, the...
http://www.chemweek.com/people_and_business/companies/BASF-lifts-force-majeure-on-citral-derivatives_60300.html
April 14, 2014
Silicones and quartz maker Momentive Performance Materials (MPM; Albany), which is controlled by private-equity firm Apollo Management, has filed for Chapter 11 bankruptcy protection in an attempt to implement a "pre-negotiated" restructuring plan to reduce debt by $3 billion. All of MPM’s silicones and quartz businesses will continue to operate normally during this period, the company adds....
http://www.chemweek.com/people_and_business/companies/Momentive-Performance-Materials-files-for-Chapter-11-updated_60267.html
April 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators was 15 out of 20 this week. Thus, we continue to post a green banner. Consumer debt up 6.4%; up 5.6% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/companies/ACCs-economic-outlook-for-the-week-ended-11-April-2014_60273.html
April 14, 2014
Air Products will build a 40-million standard cubic feet/day hydrogen production facility to process a hydrogen-rich off-gas stream from a new propane dehydrogenation (PDH) facility...
http://www.chemweek.com/people_and_business/companies/Air-Products-to-build-hydrogen-plant-at-Enterprise-PDH-unit_60272.html
April 14, 2014
Koppers has agreed to acquire the wood preservation and railroad services businesses of Osmose Holdings (Buffalo, NY) for $460 million. The price includes a tax election that is...
http://www.chemweek.com/people_and_business/companies/Koppers-acquires-wood-treatment-railroad-businesses_60271.html
April 11, 2014
Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital...
http://www.chemweek.com/people_and_business/companies/Shareholder-advisory-firm-weighs-in-against-Sensient-dissidents_60255.html
April 11, 2014
Sumitomo has agreed to acquire a minority share in Cepsa Química China (Shanghai), and the resulting company will be a 75-25 joint venture between Cepsa (Madrid) and Sumitomo...
http://www.chemweek.com/people_and_business/companies/Sumitomo-buys-stake-in-Cepsa-phenol-project-at-Shanghai_60253.html
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