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March 27, 2014
H.B. Fuller today reported fiscal first-quarter net income down 29.4% year-on-year (YOY), to $24.6 million, or 28 cts/share, on revenues up 1.3%, to $486 million. Higher volume...
http://www.chemweek.com/people_and_business/companies/Fuller-net-income-falls-despite-revenue-increase_59876.html
March 27, 2014
Airgas says that Andrew Cichocki president of Airgas’s USA distribution division, effective 1 April. Cichocki is currently a member of Airgas’s management committee, and he...
http://www.chemweek.com/people_and_business/companies/Airgas-US-distribution-names-new-president_59844.html
March 26, 2014
Antero Resources (Denver), an independent oil and natural gas company engaged in the production of unconventional oil and liquids-rich natural gas in the Appalachian Basin in West...
http://www.chemweek.com/people_and_business/companies/Antero-to-supply-ethane-to-West-Virginia-cracker-project_59846.html
March 26, 2014
PPG announced today that it has agreed to acquire Canal Supplies Inc. (CSI; Panama City), a Panamanian distributor of protective and marine coatings, for an undisclosed sum. CSI...
http://www.chemweek.com/people_and_business/companies/PPG-acquires-coatings-distributor-in-Central-America_59845.html
March 26, 2014
Invista announced today that it has broken ground on a new hexamethylenediamine (HMD) and nylon-6,6, polymer plants at the Shanghai Chemical Industry Park. These are a part of...
http://www.chemweek.com/people_and_business/companies/Invista-breaks-ground-on-Shanghai-nylon-66-expansion_59843.html
March 25, 2014
Syngenta is issuing 750 million Swiss francs ($848 million) in new bonds, the company says. The issuance comprises three tranches: a SF350-million tranche due 2019, a SF250 million...
http://www.chemweek.com/people_and_business/companies/Syngenta-issues-$848-million-in-bonds_59821.html
March 25, 2014
According to Reuters reports, Mosiac says it has laid off 51 of its Canadian potash operation workers because of low prices and weak demand in the potash market. The market has slumped...
http://www.chemweek.com/people_and_business/companies/Reports-Mosaic-lays-off-51-workers-because-of-potash-market-constraint_59820.html
March 25, 2014
Although winter weather continued to negatively affect the economy, ACC says equity prices in the chemical industry drove the monthly chemical activity barometer up—showing a...
http://www.chemweek.com/people_and_business/companies/ACC-CAB-up-on-equity-prices_59818.html
March 24, 2014
Connell Brothers Co. (CBC; San Francisco), a distributor of specialty chemicals and ingredients in Asia/Pacific, says it has partnered with Lehigh Technologies (Atlanta), a specialty...
http://www.chemweek.com/people_and_business/companies/Lehigh-Tech-Connell-Bros-team-up-for-micronized-rubber-powders-distribution-in-Asia_59809.html
March 21, 2014
Dow’s AgroScience’s division announced today that its president and CEO, Antonio Galindez, will retire from the company on 1 May. Tim Hassinger, current leader of Dow...
http://www.chemweek.com/people_and_business/companies/Dow-AgroSciences-CEO-to-retire_59759.html
March 21, 2014
Minerals Technologies (MTI) today launched a $45.75/share tender offer for all outstanding shares of Amcol, as part of the merger agreement between the two companies signed on 10...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-launches-tender-offer-for-Amcol-shares_59763.html
March 21, 2014
Ineos announced today that it is taking legal action against Sinopec and Sinopec subsidiaries, including Sinopec Ningbo Engineering Co. (SNEC), for breach of contract and/or misuse of trade secrets. Sinopec has denied the charge...
http://www.chemweek.com/people_and_business/companies/Ineos-sues-Sinopec-over-misuse-of-acrylonitrile-technology_59752.html
March 21, 2014
Mosaic says that its president and CEO James Prokopanko has been diagnosed with cancer and is undergoing chemotherapy....
http://www.chemweek.com/people_and_business/companies/Mosaic-CEO-diagnosed-with-cancer-plans-to-continue-working_59760.html
March 20, 2014
W.R. Grace said yesterday that the company is targeting 8-10% growth in Ebit, and sales growth of 1.5-2 times (x) GDP from 2014 through 2018. The company, which in February emerged...
http://www.chemweek.com/people_and_business/companies/Grace-sets-8-10-percent-Ebit-growth-target_59692.html
March 20, 2014
Trinseo, formerly Styron, filed for an initial public offering worth up to $200 million today, nearly three years after the company filed for a $400 million that never commenced...
http://www.chemweek.com/people_and_business/companies/Trinseo-refiles-for-IPO_59621.html
March 20, 2014
Solvay says it has decided to cease production of sodium percarbonate (SPC) products at Warrington, UK by the end of next month. The Warrington site will focus on extending its...
http://www.chemweek.com/people_and_business/companies/Solvay-to-close-sodium-percarbonate-plant-in-UK_59687.html
March 19, 2014
Dow Chemical said today at an investor meeting in Saudi Arabia today that it has increased its asset sale target by $1.5–2.0 billion, lifting expected proceeds to $4.5–6.0 billion....
http://www.chemweek.com/people_and_business/companies/Dow-increases-divestiture-target-to-$4-5-6-0-billion_59662.html
March 19, 2014
BASF says it has declared force majeure on citral-based aroma chemicals, as well as vitamin A and vitamin E products. The company has shut down the citral plant at Ludwigshafen because...
http://www.chemweek.com/people_and_business/companies/BASF-declares-force-majeur-on-citral-derivatives_59664.html
March 19, 2014
Brenntag has posted a slight increase in 2013 profit after tax, to €339 million, on sales almost 1% higher, at €9.8 billion. Gross profit increased 1% last year, to...
http://www.chemweek.com/people_and_business/companies/Brenntags-earnings-sales-edge-higher-in-tough-market-conditions_59659.html
March 19, 2014
PPG announced today it is investing $27 million to expand its coatings manufacturing plant at San Juan del Rio, Querterano, Mexico. The expansion will involve four new buildings with...
http://www.chemweek.com/people_and_business/companies/PPG-launches-$27-million-expansion-of-Mexico-coatings-plant_59656.html
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