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December 13, 2013
Praxair announced today several key changes to its senior leadership team, effective 1 January 2014. Anne Roby has been named senior v.p. of global supply systems, R&D, global...
http://www.chemweek.com/people_and_business/companies/Praxair-announces-senior-leadership-changes_57406.html
December 13, 2013
FMC says it has agreed to sell its peroxygens, or hydrogen peroxide, business, to private equity firm One Equity Partners (New York) for $200 million. One Equity is the private equity...
http://www.chemweek.com/people_and_business/companies/FMC-to-sell-hydrogen-peroxide-business-to-One-Equity-Partners_57395.html
December 13, 2013
The administrators of debt-ridden petrochemical producer Oltchim (Ramnicu Valcea, Romania) have opened the bidding process for the company to interested parties, Oltchim announced on...
http://www.chemweek.com/people_and_business/companies/Bidding-opens-for-Oltchim-assets-decision-expected-in-February_57385.html
December 13, 2013
Wintershall (Kassel, Germany), the upstream oil and gas subsidiary of BASF, is optimizing its portfolio by divesting its share in selected assets on the UK continental shelf,  to...
http://www.chemweek.com/people_and_business/companies/BASF-exploration-and-production-subsidiary-sells-North-Sea-assets-to-Hungarys-MOL_57387.html
December 13, 2013
A US federal judge has ruled in favour of Tronox Incorporated, the predecessor company of Tronox Ltd., in a case brought against Anadarko Petroleum, which acquired Tronox’s...
http://www.chemweek.com/people_and_business/companies/Tronox-wins-bankruptcy-related-judgement-against-Anadarko_57381.html
December 13, 2013
Showa Denko has unveiled its medium-term management plan for the two-year period ending 31 December 2015. This is the second phase of the business plan launched in 2011. The company...
http://www.chemweek.com/people_and_business/companies/Showa-Denko-announces-business-plan_57382.html
December 12, 2013
W.R. Grace says the company is targeting an exit from Chapter 11 bankruptcy on or about 31 January 2014, general counsel Mark Shelnitz told investors during a conference call today...
http://www.chemweek.com/people_and_business/companies/W-R-Grace-expects-bankruptcy-exit-by-end-of-January_57356.html
December 12, 2013
Two bids have been confirmed for the possible acquisition of debt-ridden polyvinyl chloride (PVC) manufacturer Kem One (Lyon, France), the company announced today. The Commercial Court...
http://www.chemweek.com/people_and_business/companies/French-court-grants-one-week-extension-on-Kem-One-takeover-case-two-bids-confirmed_57315.html
December 12, 2013
Private equity firm Apollo Management (New York) has priced its secondary public offering, which was announced earlier this week, of 10 million Taminco shares at $20/share. Apollo, the...
http://www.chemweek.com/people_and_business/companies/Apollo-prices-Taminco-share-offer_57317.html
December 12, 2013
DSM, together with DONG Energy (Fredericia, Denmark), has demonstrated the combined fermentation of C6 and C5 sugars from wheat straw on an industrial scale, DSM announced. The...
http://www.chemweek.com/people_and_business/companies/DSM-proves-straw-based-bioethanol-production_57307.html
December 12, 2013
Sibur (Moscow), Russia’s leading petrochemicals producer, today reported a decline in nine months revenues and profits. Sales were down 0.7% to 197.6 billion Russian ruble ($6...
http://www.chemweek.com/people_and_business/companies/Sibur-reports-lower-sales-and-profits-in-the-first-nine-months_57304.html
December 11, 2013
Airgas announced today that it plans to expand its atmospheric gas production capacity in New England by building a second air separation unit (ASU) at its Bozrah, CT, merchant gases...
http://www.chemweek.com/people_and_business/companies/Airgas-to-build-air-separation-unit-in-Connecticut_57271.html
December 11, 2013
Kemira and the European Investment Bank (EIB) have today signed a €45-million ($62 million) R&D loan agreement, Kemira has announced. The EIB has evaluated and granted the...
http://www.chemweek.com/people_and_business/companies/Kemira-signs-R-and-D-loan-agreement-with-European-Investment-Bank_57268.html
December 11, 2013
Celanese said on Tuesday that it has completed a consultation process by its French subsidiary with their employee delegates at Roussillon, France, and by its Spanish subsidiary with...
http://www.chemweek.com/people_and_business/companies/Celanese-confirms-acetic-anhydride-and-VAM-plant-closures-in-France-and-Spain_57263.html
December 11, 2013
SGL Group (Wiesbaden, Germany) has announced details of its restructuring plan involving up to 300 job cuts under the company’s SGL2015 plan. SGL cites losses caused by delays in...
http://www.chemweek.com/people_and_business/companies/SGL-Group-to-cut-300-jobs-under-restructuring-program_57266.html
December 10, 2013
Honeywell says it will invest $300 million to a build a plant for HFO-1234yf, a hydroflurocarbon refrigerant for automobiles, at its Geismar, LA, site. The plant is expected to be...
http://www.chemweek.com/people_and_business/companies/Honeywell-plans-$300-million-HFO-1234yf-investment-at-Geismar-site_57242.html
December 10, 2013
Israel Chemicals Ltd. (ICL; Tel Aviv) has agreed to freeze its plans to lay off employees, according to a Globes reports published today. ICL has agreed to intensive talks with the...
http://www.chemweek.com/people_and_business/companies/Report-Israel-Chemicals-freezes-layoff-plans_57247.html
December 10, 2013
KMG Chemicals today reported fiscal first-quarter net income of $1.35 million, down 67.4% year-on-year (YOY), on sales up 43.3%, to $93.6 million. Sales rose primarily because of the...
http://www.chemweek.com/people_and_business/companies/KMG-Chemicals-earnings-fall-on-restructuring-charges_57246.html
December 10, 2013
Michelin and sugar producer Tereos (Lille, France) have signed an agreement to pool their respective skills and capabilities with the goal of jointly developing innovative...
http://www.chemweek.com/people_and_business/companies/Michelin-and-French-sugar-ethanol-producer-partner-in-biobased-butadiene-project_57244.html
December 10, 2013
Praxair announced today that it has started up a carbon dioxide (CO2) purification plant at Honeywell Specialty Materials' Hopewell, VA, site. Honeywell produces nylon resins and...
http://www.chemweek.com/people_and_business/companies/Praxair-starts-up-carbon-dioxide-plant-at-Honeywell-resin-facility_57240.html
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