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February 17, 2015
DuPont today sent a letter to investors criticizing activist hedge fund Trian Fund Management (New York) and reiterating its argument in favor of management’s strategy. The...
http://www.chemweek.com/people_and_business/companies/DuPont-slams-Trian-in-investor-letter_67834.html
February 17, 2015
Bio-on and Eridania Sadam, both headquartered at Bologna, Italy, have announced that they will work together on defining and optimizing the production of levulinic acid (4-oxopentanoic...
http://www.chemweek.com/people_and_business/companies/Italian-companies-to-collaborate-in-green-production-of-levulinic-acid_67833.html
February 16, 2015
Bayer is planning to reorganize its life science businesses, which include its health-care and crop science businesses, in anticipation of the separation of Bayer MaterialScience...
http://www.chemweek.com/people_and_business/companies/Bayer-to-reorganize-life-sciences-businesses-after-BMS-separation_67783.html
February 13, 2015
Avery Dennison has named Anne Bramman senior v.p. and CFO, replacing Mitchell Butier, who has been named president and COO. Bramman joins Avery Dennison from Carnival Cruise Line...
http://www.chemweek.com/people_and_business/companies/Avery-Dennison-names-new-CFO_67780.html
February 12, 2015
Albany Molecular (AMRI) today announced several key leadership changes. Steven Hagen, senior v.p./manufacturing and pharmaceuticals, has been given oversight of the company’s...
http://www.chemweek.com/people_and_business/companies/AMRI-shuffles-leadership-roles_67772.html
February 12, 2015
Total is the latest oil company to announce spending cuts and operating-cost reductions, as well as to write down upstream assets, in response to falling oil prices. The company...
http://www.chemweek.com/people_and_business/companies/Total-cuts-jobs-and-slashes-capacity-at-UK-refinery-reduces-group-spending-writes-down-upstream-assets_67755.html
February 12, 2015
Huntsman today announced that it will reduce its titanium dioxide (TiO2) production capacity by about 100,000 m.t./year, representing 13% of Huntsman's...
http://www.chemweek.com/people_and_business/companies/Huntsman-confirms-plan-to-reduce-titanium-dioxide-capacity-in-Europe_67745.html
February 12, 2015
Albany Molecular (AMRI) has announced plans to close its facility at Holywell, Wales, UK, the company says. The plant makes active pharmaceutical ingredients (APIs) and is involved in...
http://www.chemweek.com/people_and_business/companies/AMRI-plans-to-close-UK-plant_67767.html
February 12, 2015
Braskem swung to a net loss of 24 million reais ($8.4 million) during the last quarter of 2014; the company broke even in the same quarter of 2013.  Over the whole of 2014...
http://www.chemweek.com/people_and_business/companies/Braskem-swings-to-a-net-loss-in-the-fourth-quarter_67757.html
February 12, 2015
IFF today reported net income up 47% year-on-year (YOY), to $90.1 million, or $1.10/share, on net sales up 4%, to $756.1 million. Adjusted earnings totaled $1.07/share, beating...
http://www.chemweek.com/people_and_business/companies/IFF-earnings-beat-estimates-on-solid-sales-growth_67758.html
February 12, 2015
Composite materials supplier Gurit (Zurich) today announced that it plans to cut 80–90 jobs at its facility in Newport (Isle of Wight, UK). The jobs will be eliminated during...
http://www.chemweek.com/people_and_business/companies/Gurit-to-cut-80-90-jobs-in-UK-invests-$6-5-million-in-Hungary-forms-composite-materials-business-unit_67756.html
February 11, 2015
Trian released a letter to DuPont shareholders restating its critique of the company’s performance. The letter notes that DuPont has consistently missed its financial targets in recent years, and that earnings have remained below 2011 levels over the last three years. “Had management met its financial targets since 2011, earnings per share would be 51% higher than it is today,” the letter says....
http://www.chemweek.com/people_and_business/companies/Trian-files-proxy-with-DuPont-director-nominees-and-steps-up-management-criticism_67725.html
February 11, 2015
Nonwovens producer Polymer Group (PGI; Charlotte, NC) has filed for an initial public offering with the US SEC. The timing and price of the offering were not disclosed in the filing...
http://www.chemweek.com/people_and_business/companies/Blackstones-Polymer-Group-files-for-IPO_67736.html
February 11, 2015
“Demand exceeded our expectations as customers came to the market in force seeking to replenish empty inventories ahead of an expected strong spring application season in North America,” says Jim Prokopanko, Mosaic president and CEO....
http://www.chemweek.com/people_and_business/companies/Mosaic-earnings-more-than-double-on-higher-prices-and-strong-potash-volumes_67722.html
February 11, 2015
RAG Foundation (Essen, Germany), the majority owner of Evonik Industries, has announced an unsubordinated and unsecured exchangeable bond of €400.0 million ($452.7 million)...
http://www.chemweek.com/people_and_business/companies/RAG-Foundation-issues-&euro400-million-bond-exchangeable-into-2-2-percent-Evonik-stake_67721.html
February 11, 2015
Kemira (Helsinki) has today announced results for fourth-quarter and full-year 2014. The company says that revenue “remained stable” at €547.1 million ($619.4 million)...
http://www.chemweek.com/people_and_business/companies/Kemira-reports-growth-improved-profitability_67682.html
February 10, 2015
Paints and coatings company Tikkurila (Helsinki) says its revenue in fourth-quarter 2014 was €104.4 million ($118.0 million), a drop of 11% compared with sales of €116.7...
http://www.chemweek.com/people_and_business/companies/Tikkurila-reports-fall-in-sales-and-profit-in-fourth-quarter-and-full-year-2014_67678.html
February 9, 2015
Compass Minerals today reported fourth quarter net income up 38% year-on-year (YOY), to $80.5 million, or $2.38/share, on sales up 12%, to $433.4 million. Earnings easily beat...
http://www.chemweek.com/people_and_business/companies/Compass-Minerals-earnings-soar-past-estimates-on-strong-pricing_67670.html
February 9, 2015
Quinpario Acquisition 2, the new blank-check fund formed by former Solutia CEO Jeffry Quinn, is eyeing Arsenal Capital’s Royal Adhesives & Sealants (South Bend, IN), in a...
http://www.chemweek.com/people_and_business/companies/Report-Quinn-firm-eyeing-Royal-Adhesives_67668.html
February 9, 2015
Solenis, the former Ashlad water treatment business, today completed the acquisition of tissue-and-towel chemicals maker Clearwater Specialties (Clarkston, WA). Financial terms of the...
http://www.chemweek.com/people_and_business/companies/Solenis-completes-Clearwater-Specialties-acquisition_67653.html
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