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April 1, 2015
FMC today announced the completion of the $1.64-billion sale of its alkali chemicals, or soda ash, business to Tronox. The deal was announced in February, and cleared a key US...
http://www.chemweek.com/people_and_business/companies/FMC-Tronox-soda-ash-deal-closes_69113.html
April 1, 2015
Oman Oil Refineries and Petroleum Industries Co. (Orpic; Muscat) has awarded a three-year technical services agreement contract to AMEC Foster Wheeler for the former’s Mina Al...
http://www.chemweek.com/people_and_business/companies/Orpic-award-3-year-services-contract-to-AMEC-Foster-Wheeler_68807.html
April 1, 2015
PPG today completed the acquisition of Revocoat (St. Just en Chaussee, France), a maker of adhesives, sealants and dampening products for the automotive sector, for an undisclosed sum...
http://www.chemweek.com/people_and_business/companies/PPG-completes-automotive-materials-acquisition_69092.html
March 31, 2015
Shaoxing Yuandong Petrochemical (Shaoxing, China) has stopped offering purified terephthalic acid (PTA) futures on the Zhengzhou Commodity Exchange (ZCE; Zhengzhou, China), effective...
http://www.chemweek.com/people_and_business/companies/Chinese-producer-stops-offering-PTA-futures-on-commodity-exchange-due-to-suspected-bankruptcy_68688.html
March 31, 2015
Idemitsu Kosan will reduce the capacity of its Chiba, Japan refinery by 20,000 bbl/day, or 9%, to 200,000 bbl/day, effective 1 April, and by another 35,000 bbl/day at a later date, the...
http://www.chemweek.com/people_and_business/companies/Idemitsu-to-cut-capacity-at-Chiba-refinery_69002.html
March 31, 2015
PPG Industries has acquired Flood Australia (Padstow, Australia), a maker of wood stains and paint additives for consumer, commercial, and industrial applications. Financial terms of...
http://www.chemweek.com/people_and_business/companies/PPG-acquires-wood-stain-and-paint-additives-maker-in-Australia_69047.html
March 30, 2015
Private equity firm The Carlyle Group (Washington, DC) has announced it is selling 35 million shares in Axalta in a secondary offering. The exact timing and price of the offering have...
http://www.chemweek.com/people_and_business/companies/Carlyle-to-sell-additional-Axalta-shares_69033.html
March 30, 2015
Momentive Performance Materials (MPM) today reported fourth-quarter net sales of $603 million, down 2% year-on-year (YOY), with segment Ebitda totaling $61 million, up 17%. The company...
http://www.chemweek.com/people_and_business/companies/Momentive-Performance-Materials-Ebitda-rises-after-bankruptcy_69017.html
March 30, 2015
Investment firm Fidelity (Boston) has stepped in to urge a solution to the proxy battle between DuPont and activist hedge fund Trian Fund Management (New York), according to a Reuters...
http://www.chemweek.com/people_and_business/companies/Report-Fidelity-stepping-in-to-resolve-DuPont-proxy-fight_69015.html
March 27, 2015
Airgas says it is building a new air separation unit (ASU) to produce tonnage oxygen, nitrogen, and argon for a Nucor plant in Tuscaloosa, AL. The ASU will supply Nucor’s plant...
http://www.chemweek.com/people_and_business/companies/Airgas-to-construct-ASU-near-steel-plant-in-Alabama_68984.html
March 27, 2015
Albemarle yesterday said it is raising prices for elemental bromine and bromine derivatives by 30%. The increases will be effective immediately or as soon as contracts permit. Clear...
http://www.chemweek.com/people_and_business/companies/Albemarle-raises-elemental-bromine-prices_68985.html
March 27, 2015
Demand for key basic chemicals has surged since the financial crisis of 2008-2009, but imbalances in supply and demand have emerged that will shape margins through the end of the decade, says Mark Eramo, v.p./global chemical insights at IHS Chemical. Ethylene and vinyls are set to benefit, but methanol could be challenged....
http://www.chemweek.com/people_and_business/companies/IHS-WPC-Basic-chemical-capacity-to-grow-4-percentyear-this-decade_68981.html
March 27, 2015
Composite materials supplier Gurit (Zurich) said today it has appointed Angelo Quabba as CFO and a member of the company’s executive committee, effective 1 August. Quabba is...
http://www.chemweek.com/people_and_business/companies/Gurit-appoints-CFO_68963.html
March 26, 2015
H.B. Fuller has reported fiscal first-quarter net income down 34% year-on-year (YOY), to $9.7 million, or 19 cts/share, on net revenue down 3.2%, to $470.7 million. Adjusted earnings...
http://www.chemweek.com/people_and_business/companies/H-B-Fuller-earnings-fall-on-currency-full-year-guidance-reaffirmed_68936.html
March 26, 2015
One in every five large (more than 1,000 employees) industrial companies in Germany is involved in a start-up in order to support innovation. But only 1 in 10 firms with fewer than...
http://www.chemweek.com/people_and_business/companies/Germany-Large-companies-buy-into-start-ups-to-tap-creativity_68927.html
March 25, 2015
Activist hedge fund Trian fund Management (New York) today filed a definitive proxy statement with SEC for its four director nominees to stand for election to DuPont’s board at...
http://www.chemweek.com/people_and_business/companies/Trian-files-new-DuPont-proxy-slams-Kullman-over-stock-options_68896.html
March 25, 2015
Clariant has inaugurated a new manufacturing facility—acquired through its recent acquisition of health-care packaging company VitaPac (Dongguan, China)—at the Dongguan...
http://www.chemweek.com/people_and_business/companies/Clariant-inaugurates-packaging-facility-in-southeast-China_68895.html
March 25, 2015
Applied Graphene Materials (Wilton, UK), a producer of specialty graphene materials, today announced its interim results for the six months ended 31 January. The company reports a loss...
http://www.chemweek.com/people_and_business/companies/Applied-Graphene-Materials-reports-loss-plans-expansion-of-production-capacity_68884.html
March 24, 2015
Polyethylene (PE) prices are likely to remain at healthy levels as a result of sustained demand according to Dow Chemical. Converters had refrained from restocking in the first months...
http://www.chemweek.com/people_and_business/companies/NPE2015-Dow-says-2015-PE-prices-will-be-supported-by-supply-constraints-demand-to-remain-healthy_68857.html
March 24, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced that revenues rose to €3.7 million ($4.04 million) in 2014, up from €700,000 in...
http://www.chemweek.com/people_and_business/companies/METabolic-EXplorer-increases-sales-operating-income-reduces-net-loss_68851.html
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