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February 28, 2014
A fire at Lukoil's (Moscow) Stavrolen petrochemical complex at Budyonnovsk, Russia, has resulted in the suspension of production at the facility, Lukoil has announced. The fire broke...
http://www.chemweek.com/people_and_business/companies/Lukoil-suspends-production-at-Russia-complex-because-of-ethylene-plant-fire_59221.html
February 28, 2014
BASF Services Holding, an indirect, wholly owned group company of BASF, says it is to sell its subsidiary BASF Services Consult (Hamburg) to Tech Mahindra (Düsseldorf), a...
http://www.chemweek.com/people_and_business/companies/BASF-to-sell-its-third-party-consulting-business_59219.html
February 28, 2014
Huntsman announced today that it expects the European Commission to open a phase II investigation of its proposed acquisition of Rockwood’s performance additives and...
http://www.chemweek.com/people_and_business/companies/European-Commission-expected-to-conduct-extended-review-of-Huntsman-Rockwood-pigments-deal_59232.html
February 28, 2014
Repsol says that its board has accepted a $5-billion offer of compensation from the Argentinian government for Argentina's expropriation of a 51% stake in YPF (Buenos Aires) and YPF...
http://www.chemweek.com/people_and_business/companies/Repsol-accepts-$5-billion-in-compensation-from-Argentina-for-expropriation-of-YPF-stake_59237.html
February 28, 2014
Henkel has signed an alliance with CMS Technology (Danbury, CT), a packaging technology developer, to create food-safe antimicrobial additives for packaging, the company says. CMS owns...
http://www.chemweek.com/people_and_business/companies/Henkel-signs-antimicrobial-packaging-alliance_59236.html
February 28, 2014
Tronox reports a net loss of $3 million, narrower than the $97 million loss reported in the same quarter last year. Earnings per share were at a loss of 6 cts/share—slightly...
http://www.chemweek.com/people_and_business/companies/Tronox-reports-tighter-net-loss-stabilizing-pigment-market_59150.html
February 27, 2014
Air Products and Nippon Steel & Sumikin Pipeline & Engineering (NSPE; Tokyo) jointly announced today the signing of an agreement signifying their intent to work together on...
http://www.chemweek.com/people_and_business/companies/Air-Products-signs-collaboration-agreement-for-hydrogen-fueling-in-Japan_59156.html
February 27, 2014
Quaker Chemical today reported fourth-quarter net income of $14.1 million, up 8.5% year-on-year (YOY), on sales up 7%, to $184.3 million. Adjusted earnings totaled 98 cts/share, ahead...
http://www.chemweek.com/people_and_business/companies/Quaker-Chemical-earnings-rise-on-higher-volumes_59186.html
February 27, 2014
Imerys says it has raised its bid for bentonite maker Amcol (Hoffman Estates, IL) to $42.75/share from $41/share, beating Minerals Technologies’ (MTI) $42.50/share offer for the...
http://www.chemweek.com/people_and_business/companies/Imerys-raises-bid-for-Amcol_59139.html
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
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