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March 3, 2014
Rockwood Holdings today announced its fourth-quarter results—up on improved surface treatment and lithium, as well as lower interest expenses. However, net income of $14.8...
http://www.chemweek.com/people_and_business/companies/Rockwood-sales-up-on-surface-treatment-improvement_59269.html
March 3, 2014
Solvay has retained Credit Suisse to find a buyer for Eco-Services, the company's sulfuric acid regeneration business, according to a Reuters report. The company announced last week...
http://www.chemweek.com/people_and_business/companies/Report-Solvay-hires-Credit-Suisse-for-possible-Eco-Services-sale_59260.html
March 2, 2014
Axalta Coating Systems (Philadelphia), the former coatings operations of DuPont, says it is to invest $60 million to build a next-generation plant to expand its production capacity of...
http://www.chemweek.com/people_and_business/companies/Axalta-Coating-Systems-to-invest-$60-million-in-waterborne-coatings-Germany_59250.html
February 28, 2014
House Energy and Commerce Environment and the Economy Subcommittee chairman John Shimkus (R., IL) unveiled draft legislation to update the Toxic Substances Control Act (TSCA). Shimkus says in a statement that the bill is a discussion draft and “keys off a bipartisan bill [Chemical Safety Improvement Act (CSIA)] introduced in the Senate.”...
http://www.chemweek.com/people_and_business/companies/House-introduces-draft-TSCA-reform-bill_59233.html
February 28, 2014
Calumet Specialty Products announced today that it has acquired United Petroleum Company (Gilbert, AZ), the producer of Quantum-brand lubricants. Calumet calls Quantum, which was...
http://www.chemweek.com/people_and_business/companies/Calumet-Specialty-Products-buys-lubricants-maker_59246.html
February 28, 2014
A fire at Lukoil's (Moscow) Stavrolen petrochemical complex at Budyonnovsk, Russia, has resulted in the suspension of production at the facility, Lukoil has announced. The fire broke...
http://www.chemweek.com/people_and_business/companies/Lukoil-suspends-production-at-Russia-complex-because-of-ethylene-plant-fire_59221.html
February 28, 2014
BASF Services Holding, an indirect, wholly owned group company of BASF, says it is to sell its subsidiary BASF Services Consult (Hamburg) to Tech Mahindra (Düsseldorf), a...
http://www.chemweek.com/people_and_business/companies/BASF-to-sell-its-third-party-consulting-business_59219.html
February 28, 2014
Huntsman announced today that it expects the European Commission to open a phase II investigation of its proposed acquisition of Rockwood’s performance additives and...
http://www.chemweek.com/people_and_business/companies/European-Commission-expected-to-conduct-extended-review-of-Huntsman-Rockwood-pigments-deal_59232.html
February 28, 2014
Repsol says that its board has accepted a $5-billion offer of compensation from the Argentinian government for Argentina's expropriation of a 51% stake in YPF (Buenos Aires) and YPF...
http://www.chemweek.com/people_and_business/companies/Repsol-accepts-$5-billion-in-compensation-from-Argentina-for-expropriation-of-YPF-stake_59237.html
February 28, 2014
Henkel has signed an alliance with CMS Technology (Danbury, CT), a packaging technology developer, to create food-safe antimicrobial additives for packaging, the company says. CMS owns...
http://www.chemweek.com/people_and_business/companies/Henkel-signs-antimicrobial-packaging-alliance_59236.html
February 28, 2014
Tronox reports a net loss of $3 million, narrower than the $97 million loss reported in the same quarter last year. Earnings per share were at a loss of 6 cts/share—slightly...
http://www.chemweek.com/people_and_business/companies/Tronox-reports-tighter-net-loss-stabilizing-pigment-market_59150.html
February 27, 2014
Air Products and Nippon Steel & Sumikin Pipeline & Engineering (NSPE; Tokyo) jointly announced today the signing of an agreement signifying their intent to work together on...
http://www.chemweek.com/people_and_business/companies/Air-Products-signs-collaboration-agreement-for-hydrogen-fueling-in-Japan_59156.html
February 27, 2014
Quaker Chemical today reported fourth-quarter net income of $14.1 million, up 8.5% year-on-year (YOY), on sales up 7%, to $184.3 million. Adjusted earnings totaled 98 cts/share, ahead...
http://www.chemweek.com/people_and_business/companies/Quaker-Chemical-earnings-rise-on-higher-volumes_59186.html
February 27, 2014
Imerys says it has raised its bid for bentonite maker Amcol (Hoffman Estates, IL) to $42.75/share from $41/share, beating Minerals Technologies’ (MTI) $42.50/share offer for the...
http://www.chemweek.com/people_and_business/companies/Imerys-raises-bid-for-Amcol_59139.html
February 27, 2014
Private equity firm H.I.G. Capital (Miami) says it has closed its $392-million acquisition of American Pacific (Ampac; Las Vegas) for $46.50/share, which was announced in January. Some...
http://www.chemweek.com/people_and_business/companies/H-I-G-Capital-closes-Ampac-deal_59154.html
February 27, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says that its operating profit in fourth-quarter 2013 was 411 million forint ($1.82 million) compared with a loss of...
http://www.chemweek.com/people_and_business/companies/TVK-reports-rise-in-profitability-sales_59076.html
February 27, 2014
Solvay's adjusted net income during the fourth quarter of 2013 totaled €25 million ($34.3 million), diving 87% compared with the fourth quarter of 2012, when the company reported...
http://www.chemweek.com/people_and_business/companies/Solvays-net-profit-down-87-percent-in-fourth-quarter_59113.html
February 27, 2014
Aemetis (Cupertino, CA), a maker of advanced fuels and renewable chemicals, announced that its 50-million gal/year capacity biodiesel and refined glycerin production facility at...
http://www.chemweek.com/people_and_business/companies/Aemetis-commissions-Indian-biodiesel-plant_58539.html
February 27, 2014
AECI (Johannesburg) achieved 954 million South African rand ($88.6 million) in profit for the whole of 2013, up about 62% on the rand589 million restated profit reported for 2012...
http://www.chemweek.com/people_and_business/companies/AECIs-annual-profit-up-more-than-60-percent_59145.html
February 26, 2014
Taminco announced its fourth-quarter results today, citing strength in volumes and sales but still reporting a net loss. A net loss of $7 million improved over the net loss of $28...
http://www.chemweek.com/people_and_business/companies/Taminco-reports-narrower-net-loss-sales-up_59137.html
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