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May 27, 2014
Momentive Performance Materials (MPM) has been granted access to the full $570-million debtor-in-possession (DIP) financing facility by the US Bankruptcy Court for the Southern...
http://www.chemweek.com/people_and_business/companies/Court-grants-Momentive-Performance-Materials-access-to-bankruptcy-financing_61345.html
May 27, 2014
Airgas announced today that it is increasing prices on several products and equipment, effective 1 July. Prices on bulk and packaged industrial, medical and specialty gases will...
http://www.chemweek.com/people_and_business/companies/Airgas-increases-prices_61332.html
May 27, 2014
ACC today released its monthly chemical activity barometer (CAB)—with the indicator reaching its highest peak since February 2008, and its highest year-over-year (YOY) gain since...
http://www.chemweek.com/people_and_business/companies/ACC-CAB-reaches-highest-peak-since-2008_61333.html
May 27, 2014
BASF said today that it plans to increase its 2014 R&D budget to 3% of group sales, excluding oil and gas. At today’s annual research press conference, devoted to...
http://www.chemweek.com/people_and_business/companies/BASF-affirms-commitment-to-R-and-D-with-increased-budget-will-globalize-research_61328.html
May 23, 2014
Styron is restructuring its North American polycarbonate (PC) business. Styron will stop sourcing polycarbonate from Dow Chemical’s Freeport, TX, plant by the end of the year, but the company will continue to sell compounds and blends in the North American market, says a company spokesperson....
http://www.chemweek.com/people_and_business/companies/Styron-to-restructure-North-America-polycarbonate-business_61313.html
May 23, 2014
The US Department of Commerce (Commerce Department) has announced the preliminary results of its sixth annual administrative review of the antidumping duty order on imports of steam...
http://www.chemweek.com/people_and_business/companies/US-Department-of-Commerce-announces-Chinese-activated-carbon-antidumping-orders_61301.html
May 23, 2014
ExxonMobil, jointly with Gas y Petróleo del Neuquén (Ciudad de Neuquén, Argentina), have discovered oil and gas in an unconventional shale well in Neuquén...
http://www.chemweek.com/people_and_business/companies/ExxonMobil-discovers-oil-and-gas-in-Argentine-shale-well_61299.html
May 23, 2014
Vopak (Rotterdam) has completed upgrading its benzene and pyrolysis gas (pygas) storage capacity in its terminal at Botlek, Netherlands. Total seabound throughput of benzene, toluene...
http://www.chemweek.com/people_and_business/companies/Vopak-upgrades-aromatics-storage-capacity-in-the-Netherlands_61297.html
May 22, 2014
AstraZeneca has rejected Pfizer's latest offer to buy AstraZeneca. Pfizer says its offer, which values AstraZeneca at £69 billion ($116 billion), is "final" and cannot...
http://www.chemweek.com/people_and_business/companies/AstraZeneca-rejects-Pfizers-latest-offer_61131.html
May 22, 2014
Platform Specialty Products, the parent company of surface coatings maker MacDermid, has completed a $300.2-million private placement of common stock. The company issued 15.8 million...
http://www.chemweek.com/people_and_business/companies/Platform-Specialty-completes-private-placement-of-stock_61213.html
May 22, 2014
Air Liquide announced today that it has acquired Scientific and Technical Gases Ltd. (STG; Newcastle-under-Lyme, UK), a global supplier of calibration and specialty gases and...
http://www.chemweek.com/people_and_business/companies/Air-Liquide-acquires-UK-based-specialty-gas-company_61229.html
May 22, 2014
Dow Chemical and Sigma-Aldrich announced today that the two companies have signed a supply agreement, under which Sigma-Aldrich will manufacture zinc finger nuclease (ZFN) reagents for...
http://www.chemweek.com/people_and_business/companies/Dow-Sigma-Aldrich-sign-supply-agreement-for-ZFN-reagents_61250.html
May 22, 2014
ACC today released its US Chemical Production Regional Index (CPRI), showing a 0.6% gain in April—with all seven regions showing increased manufacturing. The CPRI grew 0.2% over...
http://www.chemweek.com/people_and_business/companies/ACC-regional-production-index-up-over-April_61245.html
May 22, 2014
Symrise (Holzminden, Germany) says today it is entering into a strategic partnership with the non-profit organizations Global Nature Fund and the Union for Ethical BioTrade. The...
http://www.chemweek.com/people_and_business/companies/Symrise-enters-into-strategic-partnership-to-preserve-biodiversity_61227.html
May 21, 2014
DuPont CFO Nicholas Fanandakis said during an investor conference today that the company would consider a Reverse Morris Trust (RMT) transaction or outright sale of its performance chemicals business. The company announced last October that it would divest its $7-billion/year performance chemicals segment by mid-2015 through a tax-free spin-off to shareholders as a part of the company’s transformation to a “higher growth, less cyclical company.”  The business includes titanium dioxide, fluoroproducts, and industrial chemicals....
http://www.chemweek.com/people_and_business/companies/DuPont-says-it-would-consider-alternatives-to-spinoff-for-performance-chemicals-unit_61210.html
May 21, 2014
ACC director of regulatory and technical affairs Lorraine Gershman has testified to the US House Subcommittee on Energy and Power in support of the Promoting New Manufacturing Act...
http://www.chemweek.com/people_and_business/companies/ACC-testifies-before-Congress-on-Promoting-New-Manufacturing-Act_61192.html
May 20, 2014
The Society of Chemical Industry (SCI), America Group, announced today that it is awarding the 2014 SCI Perkin Medal to John Warner, president and chief technology officer of the...
http://www.chemweek.com/people_and_business/companies/SCI-awards-Perkin-medal-to-green-chemistry-leader_61170.html
May 20, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €50 million ($68.5 million) at its production site at Bari, Italy to respond to rising demand for biopharmaceuticals, the company...
http://www.chemweek.com/people_and_business/companies/Merck-KGaA-to-expand-biopharma-site-in-Italy_61171.html
May 16, 2014
Comex Mexico has filed suit against Sherwin-Williams (SW) over SW’s termination of the $2.34-billion merger agreement between the two companies, a Reuters report says. The...
http://www.chemweek.com/people_and_business/companies/Comex-Mexico-files-suit-against-Sherwin-Williams-over-deal-termination_61108.html
May 16, 2014
Lenzing (Lenzing, Austria) says that sales in first-quarter 2014 were €451.7 million ($618.8 million), compared with €496.5 million in the corresponding quarter a year ago, a...
http://www.chemweek.com/people_and_business/companies/Lenzing-says-difficult-market-in-first-quarter-sales-fall-9-percent-Ebitda-plunges-30-percent_61102.html
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