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March 1, 2013
Clariant reported an increase in fourth-quarter profits and pledged to improve its margins further, to become one of the most profitable specialty chemical companies....
http://www.chemweek.com/people_and_business/companies/Reshaped-Clariant-raises-profit-hires-Greenhill-to-sell-assets_50120.html
March 1, 2013
Ascend Performance Materials (Houston) is proceeding with plans to build a $1.2-billion propane dehydrogenation (PDH) facility at its Chocolate Bayou complex at Alvin, TX. The PDH unit...
http://www.chemweek.com/people_and_business/companies/Ascend-plans-$1-2-billion-PDH-plant-at-Chocolate-Bayou_50166.html
March 1, 2013
Mexichem's consolidated fourth-quarter results are in line with the preliminary figures released in mid-February. The company announced additionally a 79-million Mexican peso ($6.18...
http://www.chemweek.com/people_and_business/companies/Mexichem-consolidated-fourth-quarter-results-show-loss-of-peso79-million_50204.html
March 1, 2013
Hanwha Chemical (Seoul) plans to build an ethylene plant in the United States in collaboration with a local shale gas company, according to Korean press reports, citing an unnamed...
http://www.chemweek.com/people_and_business/companies/Hanwha-eyes-US-ethylene-plant-based-on-low-cost-shale_50173.html
March 1, 2013
Oiltanking Grindrod Calulo (Durban, South Africa), an Oiltanking (Hamburg) subsidiary, has entered into an agreement to acquire the business of Grindrod Tank Terminals, a division of...
http://www.chemweek.com/people_and_business/companies/Oiltanking-acquires-two-terminals-in-South-Africa-secures-licenses-for-chemicals_50201.html
March 1, 2013
Net income for the fourth quarter 2012 totaled $95.3 million, or $1.42 per diluted share, compared to net income of $26.4 million, or $0.40 per diluted share, in the year-ago period....
http://www.chemweek.com/people_and_business/companies/Westlake-earnings-soar-on-shale-advantage_49940.html
March 1, 2013
Several industry organizations, including ACC and the National Association of Chemical Distributors (NACD), announced support for introduction of the General Duty Clause Clarification...
http://www.chemweek.com/people_and_business/companies/ACC-NACD-announce-support-of-General-Duty-Clause-Clarification-Act_50197.html
March 1, 2013
Sealed Air (Elmwood Park, NJ) has named Jerome Peribere president and CEO of the company, effective 1 March. Peribere joined Sealed Air in September 2012 as president and COO. Peribere was previously with Dow Chemical for 35 years, serving as CEO of Dow Advanced Materials before joining Sealed Air last September....
http://www.chemweek.com/people_and_business/companies/Sealed-Air-names-Peribere-as-CEO_50196.html
March 1, 2013
The European Commission has informed ENI (Rome) and its chemicals affiliate Versalis (Milan), formerly known as Polimeri Europa, that it intends to reimpose a supplementary fine on the...
http://www.chemweek.com/people_and_business/companies/European-Commission-tries-again-to-fine-ENI-and-Versalis-as-repeat-offenders-in-synthetic-rubber-price-fixing-case_50194.html
March 1, 2013
Arkema is betting strongly on the Asian and North American markets, focusing its investments on the high-performance materials and coating solutions areas, to remain on track toward...
http://www.chemweek.com/people_and_business/companies/Arkema-bets-on-Asian-North-American-markets-on-track-with-2016-road-map_50187.html
March 1, 2013
The CW 75 index declined 3.2% for the week ended 26 February, a wider loss than both the MSCI World Index and the S&P 500, which fell 2.4% and 2.2%, respectively....
http://www.chemweek.com/people_and_business/companies/CW75-Stock-Performance_50193.html
March 1, 2013
Producers say personal-care chemical markets—skin-care markets in particular—are full of new opportunities related to health and sustainability trends. Ashland said in a...
http://www.chemweek.com/people_and_business/companies/Health-beauty-claims-a-big-driver-in-skin-hair-care-markets_50177.html
March 1, 2013
TPC Group’s (TPC; Houston) board has approved capital spending for the next phase of engineering for a planned on-purpose butadiene unit, the company said. TPC expects...
http://www.chemweek.com/people_and_business/companies/TPC-gets-green-light-for-on-purpose-butadiene-production-plans_50175.html
March 1, 2013
Fertilizer makers say earnings, and demand, are set to recover in early 2013, and an early spring application season indicates signs of an uptick—particularly for nitrogen and...
http://www.chemweek.com/people_and_business/companies/Fertilizer-outlook-mixed-as-nitrogen-grows-potash-slumps_50174.html
March 1, 2013
A federal jury has ordered Dow Chemical to pay $400 million to plaintiffs in a urethane chemicals price-fixing class-action lawsuit. Under federal antitrust law, the damages could be...
http://www.chemweek.com/people_and_business/companies/Jury-orders-Dow-to-pay-$400-million-in-urethanes-price-fixing_50172.html
March 1, 2013
Dow Chemical has launched a $1.5-billion share buyback program. The buybacks will occur either in the open market or in privately negotiated transactions, Dow says. ”This...
http://www.chemweek.com/people_and_business/companies/Dow-launches-$1-5-billion-share-buyback_50171.html
March 1, 2013
Oversupply and tepid demand for titanium dioxide (TiO2) has sent prices and profits lower, but analysts expect prices to stabilize in early 2013 as demand improves from the spring...
http://www.chemweek.com/people_and_business/companies/TiO2-slump-hurts-results-but-prices-may-stabilize-soon_50170.html
March 1, 2013
specialty chemical earnings reports for the fourth quarter were mixed. Ecolab matched estimates on strong sales from the former Nalco. Rockwood’s earnings declined, mostly on...
http://www.chemweek.com/people_and_business/companies/Specialty-earnings-vary-on-mixed-end-markets_50169.html
March 1, 2013
Westlake Chemical and Kraton Performance Polymers posted divergent results for the fiscal quarter ended 31 December 2012. Westlake’s fourth-quarter earnings more than tripled...
http://www.chemweek.com/people_and_business/companies/Westlake-soars-on-shale-advantage-Kratons-loss-widens-on-charge_50168.html
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