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February 27, 2014
Private equity firm H.I.G. Capital (Miami) says it has closed its $392-million acquisition of American Pacific (Ampac; Las Vegas) for $46.50/share, which was announced in January. Some...
http://www.chemweek.com/people_and_business/companies/H-I-G-Capital-closes-Ampac-deal_59154.html
February 27, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says that its operating profit in fourth-quarter 2013 was 411 million forint ($1.82 million) compared with a loss of...
http://www.chemweek.com/people_and_business/companies/TVK-reports-rise-in-profitability-sales_59076.html
February 27, 2014
Solvay's adjusted net income during the fourth quarter of 2013 totaled €25 million ($34.3 million), diving 87% compared with the fourth quarter of 2012, when the company reported...
http://www.chemweek.com/people_and_business/companies/Solvays-net-profit-down-87-percent-in-fourth-quarter_59113.html
February 27, 2014
Aemetis (Cupertino, CA), a maker of advanced fuels and renewable chemicals, announced that its 50-million gal/year capacity biodiesel and refined glycerin production facility at...
http://www.chemweek.com/people_and_business/companies/Aemetis-commissions-Indian-biodiesel-plant_58539.html
February 27, 2014
AECI (Johannesburg) achieved 954 million South African rand ($88.6 million) in profit for the whole of 2013, up about 62% on the rand589 million restated profit reported for 2012...
http://www.chemweek.com/people_and_business/companies/AECIs-annual-profit-up-more-than-60-percent_59145.html
February 26, 2014
Taminco announced its fourth-quarter results today, citing strength in volumes and sales but still reporting a net loss. A net loss of $7 million improved over the net loss of $28...
http://www.chemweek.com/people_and_business/companies/Taminco-reports-narrower-net-loss-sales-up_59137.html
February 26, 2014
Scientists at the University of York (York, UK) are to lead a new government-backed research project to investigate the potential conversion of waste biomass and carbon dioxide (CO2)...
http://www.chemweek.com/people_and_business/companies/UK-researchers-secure-£3-million-government-backed-grant-for-biobased-polymers-R-and-D_59122.html
February 26, 2014
Aceto named Carlos Restrepo, formerly v.p./intermediates and solvents at Ashland, senior v.p./performance chemicals, effective 24 February. Restrepo will report to Aceto CEO Salvatore...
http://www.chemweek.com/people_and_business/companies/Aceto-names-former-Ashland-exec-performance-chemicals-head_59121.html
February 26, 2014
DSM has entered into a collaboration with SyntheZyme (New York) to develop products based on the latter's biobased surfactant platform. As part of the collaboration, DSM will...
http://www.chemweek.com/people_and_business/companies/DSM-signs-collaboration-with-US-biobased-surfactants-developer_59120.html
February 26, 2014
DuPont announced today that it has named Patrick Lindner as president/performance polymers, effective 1 March. Lindner succeeds Diane Gulyas, who plans to retire in April after 36...
http://www.chemweek.com/people_and_business/companies/DuPont-names-new-performance-polymers-president_59118.html
February 26, 2014
Corvex Management and Saroban Capital Partners (New York) have reached an agreement with Williams Partners (Houston) that will place representatives of the two activist hedge funds onto Williams’s board of directors, the firms announced on 24 February....
http://www.chemweek.com/people_and_business/companies/Corvex-Saroban-gain-seats-on-Williams-board_59102.html
February 25, 2014
Albemarle announced today that it is raising its quarterly dividend by 15%, to 27.5 cts/share. The dividend will be paid on 1 April to shareholders of record as of 14 March...
http://www.chemweek.com/people_and_business/companies/Albemarle-raises-dividend_59101.html
February 25, 2014
Croda (Goole, UK) achieved £59 million ($98.2 million) in pretax profit for the fourth quarter of 2013, up 2.6% on the year-earlier period, the company announced today. Operating...
http://www.chemweek.com/people_and_business/companies/Crodas-fourth-quarter-pretax-profit-up-2-6-percent_59078.html
February 25, 2014
Ferro’s fourth-quarter net income totaled $61 million, or 69 cts/share, compared with a net loss of $64 million in the year-ago quarter, on sales down 6.5% year-on-year (YOY), to...
http://www.chemweek.com/people_and_business/companies/Ferro-swings-to-profit-on-further-cost-cuts_59083.html
February 25, 2014
Minerals Technologies (MTI) has raised its bid to acquire bentonite maker Amcol (Hoffman Estates, IL) to $42.50/share from $42/share. The revised bid values Amcol’s shares at...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-raises-Amcol-bid_59087.html
February 25, 2014
Braskem has revised the price of its stock tender offer to minority shareholders of polyvinyl chloride (PVC) manufacturer Solvay Indupa (Buenos Aires) to 2.40 Argentinian pesos/share...
http://www.chemweek.com/people_and_business/companies/Braskem-raises-offer-for-Indupa-listed-shares-by-78-percent_59070.html
February 25, 2014
Dow Building Solutions, a subsidiary of Dow Chemical, has completed converting its three styrofoam extruded polystyrene (XPS) plants in Japan to new polymeric flame-retardant (FR)...
http://www.chemweek.com/people_and_business/companies/Dow-completes-conversion-of-styrofoam-XPS-plants-in-Japan-to-new-polymeric-flame-retardant-technology_59068.html
February 24, 2014
Cabot announced today that it has signed a $6-million contract with an unspecified northern US power generator to provide its Darco Hg brand of activated carbon products to help the...
http://www.chemweek.com/people_and_business/companies/Cabot-wins-$6-million-activated-carbon-contract_59046.html
February 24, 2014
Ferro announced today that it is altering the structure of its board of directors, “declassifying,” or eliminating staggered terms, for directors, and eliminating...
http://www.chemweek.com/people_and_business/companies/Ferro-changes-board-structure-appoints-president-to-chairman_59047.html
February 24, 2014
Borealis achieved €148 million ($203 million) in net profit for the fourth quarter of 2013, an increase of 48% compared with the same quarter of 2012, according to the company's...
http://www.chemweek.com/people_and_business/companies/Borealis-profit-up-48-percent-in-fourth-quarter-full-year-sales-break-&euro8-billion_59039.html
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