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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
February 19, 2014
CF Industries’ CFO Dennis Kelleher said in the company’s fourth-quarter earnings call that early indications suggest that placement of existing assets in a master limited...
http://www.chemweek.com/people_and_business/companies/CF-Industries-dissuaded-on-MLP-talks-CFO-says_58929.html
February 19, 2014
ACC has released its monthly US Chemical Production Regional Index, indicating a 0.3% rise in January, following a 0.6% gain in December 2013. ACC says production continued to move...
http://www.chemweek.com/people_and_business/companies/ACC-US-chemical-production-edges-up-in-January_58901.html
February 19, 2014
Calgon Carbon today reported stronger earnings for the fourth quarter, though sales were down on weaker demand. Net income of $11 million was up 20% year-on-year, with earnings per...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-up-sales-fall-on-weaker-demand_58900.html
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