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April 2, 2014
PPG says it has closed the sale of its 51% stake in the Transitions Optical joint venture, along with PPG’s wholly-owned sun lens business, to Essilor International (Paris), a...
http://www.chemweek.com/people_and_business/companies/PPG-closes-sale-of-share-in-Transitions-JV_59970.html
April 2, 2014
Agrium announced today that it expects its first-quarter earnings per share, to be released on 6 May, to be “just above breakeven.” The company says the slow start to the...
http://www.chemweek.com/people_and_business/companies/Agrium-first-quarter-earnings-to-be-flat-on-slow-spring-start_60010.html
April 2, 2014
Omnova Solutions today reported its first quarter results, with net income of $1.2 million up compared to a loss of $0.2 million year-over-year (YOY). Earnings per share of 3...
http://www.chemweek.com/people_and_business/companies/Omnova-earnings-up-sales-down-on-winter-weather-impacts_60011.html
April 2, 2014
Praxair announced today that it has acquired Lake Welding Supply Company (Lake; Muskegon, MI), an independent gas and welding products distributor in Western Michigan. Financial terms...
http://www.chemweek.com/people_and_business/companies/Praxair-acquires-Western-Michigan-gas-distributor_60009.html
April 2, 2014
ICL Corp. (Tel Aviv) announced that it has acquired over 30 million units of Allana Potash Corp. (Toronto) at a price of 47 cts/share—bringing ICL’s total stake to...
http://www.chemweek.com/people_and_business/companies/ICL-acquires-over-30-million-Allana-Potash-shares_59955.html
April 2, 2014
Kem One (Lyon, France) has launched a project to convert the electrolysis technology at the company's Lavéra, France, chlor-alkali plant from mercury-cell and diaphragm, to...
http://www.chemweek.com/people_and_business/companies/Kem-One-launches-technology-conversion-for-Lavera-chlor-alkali-plant_60002.html
April 1, 2014
Resources company BHP Billiton (Melbourne) says that its fledgling potash operations could become a pillar of the company's business. BHP issued a statement today in response to...
http://www.chemweek.com/people_and_business/companies/BHP-says-potash-could-become-a-core-business_59994.html
April 1, 2014
PPG announced two new executive appointments today, effective immediately. Dave Cole has been named v.p./packaging coatings and Anup Jain has been appointed v.p./specialty coatings and...
http://www.chemweek.com/people_and_business/companies/PPG-announces-executive-appointments_59978.html
April 1, 2014
Evonik Industries and automaker Daimler are restructuring their activities in the area of electric mobility to reflect changes in market conditions, the companies announced today...
http://www.chemweek.com/people_and_business/companies/Evonik-and-Daimler-to-restructure-lithium-ion-activities_59972.html
March 31, 2014
Momentive Specialty Chemicals (MSC) today reported fourth-quarter revenues up 11% year-on-year (YOY), to $1.2 billion, with segment Ebitda down 6%, to $79 million. The quarterly net...
http://www.chemweek.com/people_and_business/companies/Momentive-Specialty-Chemicals-loss-widens-revenue-up_59939.html
March 31, 2014
Dow Chemical announced today that its joint venture chlor-alkali facility with Mitsui & Co. has started full-scale commercial production at Freeport, TX. The facility has capacity...
http://www.chemweek.com/people_and_business/companies/Dow-Mitsui-start-up-chlor-alkali-jv-plant_59934.html
March 31, 2014
Air Products announced today that it has been awarded a contract to supply liquid nitrogen to Singapore’s Jurong Rock Caverns (JRC) project, an underground storage facility for...
http://www.chemweek.com/people_and_business/companies/Air-Products-to-supply-liquid-nitrogen-to-underground-petchem-storage-in-Singapore_59937.html
March 31, 2014
Brenntag says it has extended the term of its syndicated credit facility. The loan agreement with an original term to July 2016 has been extended until March 2019. The volume of the...
http://www.chemweek.com/people_and_business/companies/Brenntag-extends-term-of-its-credit-facility_59927.html
March 28, 2014
Ineos’s plans, confirmed and detailed yesterday, to convert its Grangemouth, UK, olefins complex to consume cheap shale-based ethane feedstock imported from the United States...
http://www.chemweek.com/people_and_business/companies/Ineos-director-Grangemouth-ethane-investment-will-buy-15-years-of-competitiveness_59916.html
March 28, 2014
While US producers have entered growth and investment mode thanks to the surge in unconventional energy production, producers in all regions must adapt in response to challenges in...
http://www.chemweek.com/people_and_business/companies/IHS-WPC-2014-Producers-adapt-to-rapidly-changing-petrochemical-landscape_59857.html
March 28, 2014
International Flavors & Fragrances (IFF) says it is realigning responsibilities under Nicolas Mirzayantz, president/fragrances, effective 1 April. The change includes creation of a...
http://www.chemweek.com/people_and_business/companies/IFF-makes-organization-changes-in-fragrances-business-unit_59903.html
March 28, 2014
Ineos today announced new milestones in its previously reported £300-million ($499.3 million) survival plan at the company’s Grangemouth complex, in the United Kingdom. The...
http://www.chemweek.com/people_and_business/companies/Ineos-to-close-plants-at-Grangemouth-convert-complex-to-shale-based-feedstock_59879.html
March 28, 2014
ExxonMobil Chemical announced today that it has opened a new manufacturing facility at its to produce up to 50,000 m.t./year of its SpectraSyn Elite–brand metallocene...
http://www.chemweek.com/people_and_business/companies/ExxonMobil-opens-metallocene-polyalpha-olefin-facility-at-Baytown_59905.html
March 28, 2014
Diminished production of propylene and butadiene as a result of the shift toward lighter feedstocks is a growing challenge for integrated petrochemical producers, says Heidi...
http://www.chemweek.com/people_and_business/companies/IHS-WPC-2014-Shale-shift-raises-concerns-for-some-non-ethylene-value-chains_59889.html
March 27, 2014
Sinofert Holdings, China’s largest fertilizer producer and distributor, today reported lower figures on overcapacity problems of fertilizer industry and a sluggish market. Sales...
http://www.chemweek.com/people_and_business/companies/Sinofert-earnings-down-on-weak-fertilizer-market_59877.html
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