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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
February 21, 2014
The American Chemistry Council (ACC) announced today that announced US chemical industry investment linked to shale gas now tops $100 billion. As of this month, 148 projects valued at...
http://www.chemweek.com/people_and_business/companies/ACC-US-chemical-investment-linked-to-shale-gas-reaches-$100-billion_58946.html
February 21, 2014
Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-launches-bid-for-Amcol-updated_58830.html
February 21, 2014
Ashland announced today it has agreed to sell its water treatment business to private equity firm Clayton, Dubilier & Rice (CD&R; New York) for $1.8 billion, ending a...
http://www.chemweek.com/people_and_business/companies/Ashland-to-sell-water-treatment-to-private-equity-for-$1-8-billion_58874.html
February 21, 2014
Agrium announced weaker results for the fourth quarter due to lower prices across all segments and a nitrogen volume reduction, the company says. Net earnings were $99 million, down...
http://www.chemweek.com/people_and_business/companies/Agrium-results-down-on-lower-prices-retail-segment-up_59027.html
February 21, 2014
Sensient Technologies today released a letter to shareholders criticizing the motives of activist hedge fund FrontFour Capital (New York), which proposed a slate of directors to...
http://www.chemweek.com/people_and_business/companies/Sensient-letter-blasts-activist-hedge-fund_59029.html
February 21, 2014
Ecolab today reported net income up 24% year-on-year (YOY), to $287.1 million, or 93 cts/share, on sales up 17%, to $3.56 billion. Excluding special charges, adjusted net income...
http://www.chemweek.com/people_and_business/companies/Ecolab-earnings-slightly-miss-estimates-sales-rise_59028.html
February 21, 2014
Eastman Chemical announced Thursday that its board has approved the repurchase of up to an additional $1 billion of Eastman common stock.  “These actions reflect the...
http://www.chemweek.com/people_and_business/companies/Eastman-board-approves-$1-billion-share-repurchase_58981.html
February 20, 2014
Sulvaris (Calgary, AB) says it has received final regulatory approval from Alberta Environment and Sustainable Resource Development (AESRD) for its sulfur fertilizer plant in central...
http://www.chemweek.com/people_and_business/companies/Sulfur-fertilizer-company-Sulvaris-to-build-Alberta-production-facility_58944.html
February 19, 2014
Hedge fund FrontFour Capital (New York) said today that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle....
http://www.chemweek.com/people_and_business/companies/Hedge-fund-says-it-will-seek-four-seats-on-Sensient-board-updated_58903.html
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