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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
March 18, 2014
FMC says it expects first-quarter 2014 operating profit in its agricultural solutions segment decline in the mid-20% range year-on-year because of cold weather in North...
http://www.chemweek.com/people_and_business/companies/FMC-predicts-weaker-first-quarter-agricultural-results-due-to-cold-weather_59646.html
March 18, 2014
Honeywell's UOP unit announced today that refinery company Pakistan Refinery Limited (PRL; Karachi, Pakistan) will use its process technology to help PRL convert naphtha...
http://www.chemweek.com/people_and_business/companies/UOP-wins-technology-contract-for-Pakistan-refinery_59648.html
March 18, 2014
Wacker Chemie has provided more details on its strategies following the recent announcement of the company’s preliminary results. Addressing a press briefing at Munich this...
http://www.chemweek.com/people_and_business/companies/Wacker-expects-better-sales-and-earnings-in-2014-signs-polysilicon-deal-with-China_59645.html
March 17, 2014
Sensient Technologies today released a letter to shareholders outlining its opposition to hedge fund FrontFour Capital’s (New York) slate of director nominees. Sensient says that...
http://www.chemweek.com/people_and_business/companies/Sensient-releases-letter-opposing-FrontFour-director-nominees_59623.html
March 17, 2014
Linde says that group revenue rose to €16.7 billion ($23.2 billion), or 5.2%, and group operating profit increased by 7.6% to €3.96 billion, in full-year 2013. The company...
http://www.chemweek.com/people_and_business/companies/Linde-increases-sales-and-profit_59619.html
March 17, 2014
CF Industries announced today that it has completed the previously announced sales of its phosphate business to Mosaic for $1.4 billion—approximately $1 billion net of taxes and...
http://www.chemweek.com/people_and_business/companies/CF-Industries-completes-phosphates-sale-to-Mosaic-for-$1-4-billion_59622.html
March 17, 2014
CHS (St. Paul, MN), a US farmer-owned cooperative, is acquiring selected Canadian retail assets from Agrium’s Crop Production Services subsidiary. Under the agreement, CHS will...
http://www.chemweek.com/people_and_business/companies/Farmer-co-op-CHS-acquires-Agrium-crop-production-assets_59620.html
March 14, 2014
Composite materials supplier Gurit (Zurich) says its sales in full-year 2013 fell 19.9%, to 281.1 million Swiss francs ($322 million) and Ebitda plummeted by 51.4%, to SF17.7 million...
http://www.chemweek.com/people_and_business/companies/Gurit-full-year-2013-sales-fall-19-9-percent-Ebitda-plummets-51-4-percent_59596.html
March 14, 2014
Idemitsu Kosan has halted operations at its Tokuyama, Japan refinery-petrochemical site as a result of seismic activity in the area, the company announced today. An earthquake of a...
http://www.chemweek.com/people_and_business/companies/Idemitsu-shutters-Tokuyama-refinery-petchems-complex-after-earthquake_59594.html
March 14, 2014
LyondellBasell Industries has declared force majeure on vinyl acetate monomer (VAM) production at the company's plant at La Porte, TX, company sources have confirmed. The...
http://www.chemweek.com/people_and_business/companies/LyondellBasell-declares-force-majeure-on-VAM-at-La-Porte-plant_59595.html
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