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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
May 16, 2014
Odfjell says it has agreed with affiliates of investment firms Breakwater Capital and Oak Hill Advisors to form a liquefied petroleum gas (LPG) and ethylene shipping joint venture...
http://www.chemweek.com/people_and_business/companies/Odfjell-spins-LPG-ethylene-shipping-business-into-JV-orders-four-vessels_61105.html
May 15, 2014
State-owned chemical producer Oltchim (Râmnicu Vâlcea, Romania) reports losses of €12 million in the first quarter, 35% lower than the losses reported in the first...
http://www.chemweek.com/people_and_business/companies/Oltchims-losses-narrow-on-restructuring_61089.html
May 15, 2014
Suppliers of chemicals to the personal-care and cosmetics industries were mostly upbeat at this year’s Suppliers’ Day show, held earlier this week at Edison, NJ. Most...
http://www.chemweek.com/people_and_business/companies/Suppliers-Day-2014-Mood-mostly-upbeat-for-personal-care-industry_61087.html
May 15, 2014
Evonik Industries says it has set new long-term environmental targets, details of which are published in the company’s Sustainability Report 2013. Evonik plans to reduce its...
http://www.chemweek.com/people_and_business/companies/Evonik-publishes-sustainability-report-sets-environmental-targets-for-2020_61086.html
May 15, 2014
Symrise (Holzminden, Germany) says it has increased its capital from authorized capital by about €400 million ($548 million) by placing 11,150,000 new shares with institutional...
http://www.chemweek.com/people_and_business/companies/Symrise-generates-$548-million-from-capital-increase_61077.html
May 13, 2014
FMC announced today that it has broken ground on a blending facility for natural colors at its Newark, DE manufacturing site. The company produces natural colors in Santiago, Chile and...
http://www.chemweek.com/people_and_business/companies/FMC-to-expand-Delaware-site-with-natural-colors-blending-facility_61050.html
May 13, 2014
BASF has proposed a plan to consolidate manufacturing operations at its Cinderford, UK, precious metals recycling plant, losing about 50 jobs, the company announced today. BASF will...
http://www.chemweek.com/people_and_business/companies/BASF-to-close-metals-recycling-unit-in-the-UK-focus-on-autocatalyst-recycling-market_61026.html
May 12, 2014
Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular...
http://www.chemweek.com/people_and_business/companies/Innospec-launches-$20-million-share-buyback_61010.html
May 12, 2014
Otsuka Chemical says it has established a US subsidiary to build a manufacturing plant at Griffin, GA, to produce the company’s fiber-free potassium titanate product line. The...
http://www.chemweek.com/people_and_business/companies/Otsuka-Chemical-establishes-US-subsidiary-for-fiber-free-potassium-titanate-manufacture_60998.html
May 10, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €100 million ($137.6 million) this year in biosimilars, a new business being developed by its Merck Serono unit. In addition, Merck...
http://www.chemweek.com/people_and_business/companies/Merck-KGaA-to-invest-in-biosimilars-eyes-pharma-acquisitions_60979.html
May 9, 2014
Minerals Technologies today announced it has completed the acquisition of bentonite maker Amcol (Hoffman Estates, IL) for $1.7 billion, or $45.75/share. The deal was announced in March...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-completes-Amcol-acquisition_60969.html
May 9, 2014
Odfjell posted a net loss of $23 million in the first quarter compared with a net loss of $13 million in the first quarter of 2013. Sales were $266 million, up from $256 million in the...
http://www.chemweek.com/people_and_business/companies/Odfjell-net-loss-widens-plans-restructuring_60964.html
May 8, 2014
Braskem's quarter-one net profit grew 70% year-on-year (YOY), to 396 million reais ($177.5 million), partly resulting from the sale of the water treatment unit at the Triunfo, Brazil...
http://www.chemweek.com/people_and_business/companies/Braskems-net-profit-up-70-percent-on-operational-efficiencies-divestments_60903.html
May 8, 2014
Calgon Carbon today reported first-quarter net earnings that were flat year-on-year (YOY), at $9.8 million, or 18 cts/share, while sales were down 2.6%, to $131.6 million. Earnings...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-match-estimates-despite-lower-sales_60904.html
May 8, 2014
Petrochemical producer TVK (Tiszaújváros, Hungary) says sales in first-quarter 2014 were 8.54 billion Hungarian forint ($38.6 million), compared with Ft5.63 billion in...
http://www.chemweek.com/people_and_business/companies/TVK-first-quarter-sales-rise-by-3-percent-Ebitda-leaps-by-52-percent_60899.html
May 8, 2014
Paints and coatings company Tikkurila (Helsinki) says that its revenue for the first quarter of 2014 increased to €141.5 million ($196.8 million), compared with €138.4...
http://www.chemweek.com/people_and_business/companies/Tikkurila-sales-increase-by-2-2-percent-in-first-quarter-2014-Ebit-jumps-28-5-percent-YOY_60898.html
May 7, 2014
Balchem says it has completed the acquisition of SensoryEffects, a maker of food ingredients, for $567 million. The deal was announced in early April. SensoryEffects will maintain its...
http://www.chemweek.com/people_and_business/companies/Balchem-closes-acquisition-of-SensoryEffects_60887.html
May 7, 2014
Arkema will cease production at its coating resins production unit at Stallingborough, UK, the company confirmed today. The plant was formerly part of Cray Valley, a Total subsidiary...
http://www.chemweek.com/people_and_business/companies/Arkema-to-cease-coating-resins-production-at-UK-site_60865.html
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