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November 17, 2014
A. Schulman says it is closing a former Ferro specialty plastics plant at Stryker, OH in April of next year. The plant’s production – mostly for customers in the US and...
http://www.chemweek.com/people_and_business/companies/Schulman-to-close-plant-in-Ohio-as-part-of-restructuring_65495.html
November 17, 2014
Halliburton says it is acquiring all outstanding shares of rival Baker Hughes, for $78.62/share, or $38 billion, including debt, in a deal that will create an oilfield services giant...
http://www.chemweek.com/people_and_business/companies/Halliburton-and-Baker-Hughes-to-merge-in-$38-billion-deal_65483.html
November 17, 2014
Petroleos de Venezuela (PDVSA; Caracas) has restarted its fluid catalytic cracking (FCC) unit at the El Palito, Venezuela refinery, after scheduled maintenance, the company...
http://www.chemweek.com/people_and_business/companies/PDVSA-restarts-FCC-unit-at-El-Palito-refinery_65481.html
November 14, 2014
International Flavors & Fragrances (IFF) announced today that its current executive v.p. and CFO, Kevin Berryman, will be leaving the company to take a senior leadership role...
http://www.chemweek.com/people_and_business/companies/IFF-CFO-to-step-down-interim-CFO-named_65447.html
November 14, 2014
Paints and coatings company Tikkurila (Helsinki) lowered its guidance for 2014 shortly after announcing its results for the third quarter of 2014 and expecting revenue and Ebit...
http://www.chemweek.com/people_and_business/companies/Tikkurila-lowers-its-guidance-for-2014_65439.html
November 14, 2014
Carbon black maker Orion Engineered Carbons (Luxembourg) reports a loss of €40.8 million, down from a €5.5 million gain in the year-ago quarter. The loss includes...
http://www.chemweek.com/people_and_business/companies/Orion-reports-lower-sales-due-to-oil-price-impacts_65448.html
November 14, 2014
Shareholders of both Albemarle and Rockwood today voted to approve Albemarle’s $6.2-billion acquisition of the latter company. Under the deal, Rockwood shareholders will receive...
http://www.chemweek.com/people_and_business/companies/Shareholders-approve-Albemarle-Rockwood-deal_65451.html
November 14, 2014
Ashland announced today that its board has elected William Wulfsohn to be chairman and CEO, effective 1 January 2015. Wulfsohn replaces James O’Brien, who is retiring after 12...
http://www.chemweek.com/people_and_business/companies/Ashland-names-new-CEO_65450.html
November 14, 2014
Arkema today reported third-quarter sales of €1.478 billion ($1.840 billion), compared with €1.495 billion in the year-ago quarter, a decline of 1.1%, but “stable at...
http://www.chemweek.com/people_and_business/companies/Arkema-reports-slight-decline-in-sales-Ebitda-down-13-percent-confirms-outlook_65434.html
November 13, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since January, intends to wage a proxy battle for board seats at Dow's 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/people_and_business/companies/Third-Point-prepares-for-proxy-fight-at-Dow-Chemical_65388.html
November 13, 2014
Lonza ‘s consumer care segment has signed an agreement with Koda’s care segment for Koda to serve as Lonza’s exclusive third-party distributor of hygiene and personal...
http://www.chemweek.com/people_and_business/companies/Lonza-partners-with-Koda-for-personal-care-distribution-in-North-America_65364.html
November 13, 2014
Dow Chemical is raising its quarterly dividend by 14%, to 42 cts/share, and more than doubling the size of its share buyback program, the company says. The share buyback program...
http://www.chemweek.com/people_and_business/companies/Dow-raises-dividend-increases-size-of-share-buyback_65328.html
November 13, 2014
Coatings maker Axalta, owned by private equity firm The Carlyle Group (New York), has commenced an IPO that could raise up to about $1 billion – far higher than previously...
http://www.chemweek.com/people_and_business/companies/Axalta-to-commence-IPO_65122.html
November 13, 2014
Chemtura today said it will slash manufacturing costs by about $50 million/year, or about 10% of total manufacturing cost, as part of a restructuring program. The restructuring will...
http://www.chemweek.com/people_and_business/companies/Chemtura-details-restructuring-efforts_65366.html
November 13, 2014
Fragrances and flavors group Symrise (Holzminden, Germany) today reported its financial results for the first nine months of 2014, with a “considerably increase in sales and...
http://www.chemweek.com/people_and_business/companies/Symrise-reports-considerable-increase-in-sales-and-earnings_65360.html
November 13, 2014
M&G Chemicals (Luxembourg), a wholly owned subsidiary of Mossi Ghisolfi Group (Tortona, Italy), has signed an agreement to issue $300 million in new equity to private equity...
http://www.chemweek.com/people_and_business/companies/Private-equity-firm-TPG-acquires-minority-stake-in-M-and-G-Chemicals-via-capital-increase_65363.html
November 13, 2014
BP has extended the force majeure on acetic acid production at the company's Hull-Saltend site in the United Kingdom, through December, the company says. BP will, however, raise its...
http://www.chemweek.com/people_and_business/companies/BP-extends-acetic-acid-force-majeure-at-UK-site-through-year-end_65357.html
November 13, 2014
Lenzing today reported that sales in third-quarter 2014 "stagnated" at €457.7 million ($570.4 million), compared with €457.1 million in the year-ago quarter, but...
http://www.chemweek.com/people_and_business/companies/Lenzing-reports-stagnant-sales-in-third-quarter-but-Ebitda-increases-10-percent_65348.html
November 12, 2014
Reports say investment giant Capital Group has upped its stake in PotashCorp to 83.1 million shares—just above 10% of the total, making its ownership double that of any other...
http://www.chemweek.com/people_and_business/companies/Reports-Capital-Group-ups-stake-in-PotashCorp_65322.html
November 12, 2014
Platform Specialty Products has priced its 2.145-million share public stock offer, which was announced on Monday, at $24.50/share. The company expects to generate about $350 million in...
http://www.chemweek.com/people_and_business/companies/Platform-prices-stock-offer_65327.html
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