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June 30, 2014
Ineos will acquire BASF’s 50% share in Styrolution (Frankfurt), a joint venture between the companies, for €1.10 billion ($1.47 billion) , the companies said today. The...
http://www.chemweek.com/people_and_business/companies/Ineos-to-acquire-BASFs-stake-in-Styrolution-for-&euro1-1-billion_62146.html
June 27, 2014
Monsanto today announced it issuing $4.5 billion in senior bonds in several tranches, with a variety of maturity dates and interest rates. The largest tranche is worth $1 billion, will...
http://www.chemweek.com/people_and_business/companies/Monsanto-issues-debt-to-fund-accelerated-share-buyback_62140.html
June 27, 2014
AkzoNobel's performance coatings business is benefiting from an improved business climate in 2014, says Conrad Keijzer, AkzoNobel executive committee member responsible for performance...
http://www.chemweek.com/people_and_business/companies/AkzoNobels-performance-coatings-business-taps-stronger-market-targets-higher-returns_62138.html
June 27, 2014
FMC announced today it is cutting its second-quarter and full-year earnings guidances, to 95 cts–$1.05/share and $4.10–4.30/share, respectively. The decreases are about...
http://www.chemweek.com/people_and_business/companies/FMC-cuts-earnings-guidance-as-ag-weakness-continues_61972.html
June 26, 2014
Monsanto today reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. The company also announced plans to repurchase $10-billion in shares as part of plans for a more aggressive debt and capital structure....
http://www.chemweek.com/people_and_business/companies/Monsanto-beats-estimates-despite-fall-in-net-income-plans-$10-billion-share-buyback_62016.html
June 26, 2014
H.B. Fuller has announced fiscal second-quarter net income of $20.5 million, or 40 cts/share, down 20.8% year-on-year (YOY), on sales up 4.8%, to $544 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/H-B-Fuller-net-income-falls-despite-sales-increase_62051.html
June 26, 2014
The executive board of Evonik Industries today presented plans to the supervisory board to reorganize the group structure. The company says that the executive board plans to...
http://www.chemweek.com/people_and_business/companies/Evonik-Industries-to-reorganize-group-structure-in-response-to-tougher-competition_62050.html
June 26, 2014
A group of companies has appealed against a decision on carbon tetrachloride by the European Chemicals Agency (ECHA; Helsinki), the agency says. The appealing companies are: the German...
http://www.chemweek.com/people_and_business/companies/Companies-appeal-ECHA-decision-on-carbon-tetrachloride_62048.html
June 25, 2014
Innovation, focused on market and customer needs and attractive growth markets, is expected to contribute 1–2 percentage points annually to Clariant's sales growth, helping the...
http://www.chemweek.com/people_and_business/companies/Clariant-highlights-role-of-innovation-plans-metallocene-polyolefins-hike-China-catalysts-R-and-D-center_62036.html
June 25, 2014
Cytec says it has named Daniel Darazsdi to be the company’s new v.p. and CFO, effective 4 August. Darazsdi replaces David Drillock, who announced his retirement in February...
http://www.chemweek.com/people_and_business/companies/Cytec-names-new-CFO_62035.html
June 25, 2014
Omnova today reported fiscal second-quarter earnings up 17.2% year-on-year (YOY), to $3.4 million, or 7 cts/share, on sales down 1.6%, to $266.4 million. Adjusted earnings from...
http://www.chemweek.com/people_and_business/companies/Omnova-net-income-rises-but-misses-estimates_62018.html
June 25, 2014
Olin says it is refinancing its 8.875% senior bonds due in 2019, using an existing $265-million senior revolving credit facility and a delayed draw-down term loan to pay down the debt...
http://www.chemweek.com/people_and_business/companies/Olin-refinances-debt-rearranges-credit-facilities_62017.html
June 25, 2014
Altana (Wesel, Germany) has agreed with Landa (Rehovot, Israel) to invest €100 million ($136 million) for a minority stake in Landa's digital printing subsidiary. The size of the...
http://www.chemweek.com/people_and_business/companies/Altana-invests-in-Israel-based-digital-printing-business_62015.html
June 25, 2014
Kraton Performance Polymers’ planned merger with the styrenics block copolymers (SBC) unit of LCY Chemical (Taiwan) may not pay off for two years later than expected, the company said on 24 June. The company’s stock price fell 14% the day of the announcement, losing $3.60/share to close at $21.53/share....
http://www.chemweek.com/people_and_business/companies/Kraton-shares-fall-14-percent-on-weaker-post-merger-earnings-forecast_62008.html
June 24, 2014
Japan’s Toppan Printing (Tokyo) has announced plans to build a new transparent barrier films production facility in the US state of Georgia. The plant, which will be...
http://www.chemweek.com/people_and_business/companies/Toppan-Printing-to-build-barrier-films-plant-in-US_62006.html
June 24, 2014
Monsanto has held informal talks with Syngenta in recent months, offering a friendly takeover of Syngenta, according to a Bloomberg report. Such a deal, which would have...
http://www.chemweek.com/people_and_business/companies/Reports-Monsanto-held-talks-to-acquire-Syngenta_61987.html
June 24, 2014
Croda (Goole, UK) says its full-year pretax profits will be below the £251.4 million ($426.9 million) it posted in 2013. Croda cites the stronger UK currency. "For...
http://www.chemweek.com/people_and_business/companies/Croda-says-strength-of-UK-currency-will-dent-full-year-profits_62003.html
June 23, 2014
The Supreme Court today upheld EPA’s authority to regulate greenhouse gases (GHG) from “sources that would need permits based on their emission of conventional...
http://www.chemweek.com/people_and_business/companies/Supreme-Court-upholds-EPA-regulation-of-greenhouse-gases_61982.html
June 23, 2014
A. Schulman has named Bernard Rzepka as its next CEO, effective 1 January 2015. Current chairman and CEO Joseph Gingo will remain chairman after his retirement as CEO on 31...
http://www.chemweek.com/people_and_business/companies/Schulman-names-next-CEO_61968.html
June 23, 2014
Evonik Industries says it has adopted a new approach, called Evonik Call for Research Proposals (ECRP), to building networks with outstanding scientists in universities. The approach's...
http://www.chemweek.com/people_and_business/companies/Evonik-adopts-new-approach-to-R-and-D-with-external-partners_61971.html
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