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April 27, 2015
The Institute for Shareholder Services (ISS; Rockville, MD), a proxy advisory firm, is recommending that two Trian nominees, including Trian founder and CEO Nelson Peltz, be elected to...
http://www.chemweek.com/people_and_business/companies/ISS-backs-two-Trian-seats-on-DuPont-board-update_69842.html
April 27, 2015
The board of Uralkali (Berezniki, Russia) has approved a share buyback program under which the company will purchase up to 468.75 million of its own shares—representing 15.97% of...
http://www.chemweek.com/people_and_business/companies/Uralkali-approves-share-buyback-program_69833.html
April 27, 2015
LSB Industries (Oklahoma City) says it has added five independent directors as part of an agreement with activist investor Starboard Value. LSB will also pursue several other moves as part of the agreement, including separating its chemicals and climate control businesses and possibly restructuring the chemicals business as a master limited partnership. LSB has appointed a new lead independent director and independent board committee to oversee the search for a president of the chemicals business....
http://www.chemweek.com/people_and_business/companies/LSB-satisfies-Starboard-by-adding-directors-pursuing-chemicals-MLP_69841.html
April 24, 2015
Minerals Technologies (MTI) today reported net income that more than doubled year-on-year (YOY), to $35.1 million, or $1.01/share, on sales up 85%, to $453.3 million. The large...
http://www.chemweek.com/people_and_business/companies/Minerals-Technologies-earnings-double_69809.html
April 23, 2015
BASF celebrated its 150th anniversary today in Ludwigshafen with more than 1,000 guests including German chancellor Angela Merkel, and Malu Dreyer, minister-president of the German...
http://www.chemweek.com/people_and_business/companies/BASF-celebrates-150-years_69721.html
April 23, 2015
Chemours, DuPont’s soon-to-be-independent performance chemicals division, today announced it will issue about $2.5 billion in senior unsecured bonds. Some $2.125 billion of the...
http://www.chemweek.com/people_and_business/companies/Chemours-to-issue-about-$2-5-billion-in-bonds_69715.html
April 23, 2015
Recipharm (Jordbro, Sweden), a contract development and manufacturing organization that produces pharmaceuticals and active pharmaceutical ingredients, has today announced the...
http://www.chemweek.com/people_and_business/companies/Recipharm-appoints-new-boss-for-Italian-unit_69712.html
April 22, 2015
Trian CEO Nelson Peltz told investors yesterday that former LyondellBasell CEO James Gallogly asked to be CEO-designee at DuPont as a condition of joining Trian’s proposed slate of directors at DuPont. Trian is waging a proxy battle to seat four directors at DuPont’s annual meeting in Wilmington, DE on 13 May....
http://www.chemweek.com/people_and_business/companies/Trian-says-Gallogly-pushed-for-CEO-role-at-DuPont_69682.html
April 22, 2015
Balchem says it has appointed Ted Harris as its president and CEO, effective 28 April. Harris was most recently senior v.p. and president/performance materials at Ashland. He headed...
http://www.chemweek.com/people_and_business/companies/Former-Ashland-senior-v-p-to-join-Balchem-as-CEO_69678.html
April 22, 2015
Biome Bioplastics (Southampton, UK) has announced plans for a three-year R&D program worth £3 million ($4.5 million). The program is supported by a number of organizations...
http://www.chemweek.com/people_and_business/companies/Biome-Bioplastics-looks-to-make-bioplastics-from-lignin-waste_69677.html
April 21, 2015
DuPont today reported net income down 28% year-on-year (YOY), to $1.03 billion, on net sales down 9%, to $9.17 billion. Operating earnings totaled $1.34/share, beating analysts’...
http://www.chemweek.com/people_and_business/companies/DuPont-earnings-fall-on-currency-impacts-but-beat-estimates_69641.html
April 21, 2015
Composite materials supplier Gurit (Zurich) says it has appointed Laurent Michaux as general manager of its composite components business, reporting to Rudolf Hadorn, Gurit’s...
http://www.chemweek.com/people_and_business/companies/Gurit-appoints-composite-components-boss_69583.html
April 21, 2015
The European Commission has published a report that presents the results of a survey of small and medium-size enterprises (SMEs) carried out in 2014 on challenges they face when...
http://www.chemweek.com/people_and_business/companies/European-Commission-SMEs-stand-to-significantly-gain-from-TTIP_69640.html
April 21, 2015
Sensient Technologies (Milwaukee) has reported net earnings of of $30.5 million the first quarter of 2015 compared with a loss of $2.08 million in the year-ago quarter. Revenue...
http://www.chemweek.com/people_and_business/companies/Sensient-Technologies-reports-solid-performance-in-first-quarter_69635.html
April 20, 2015
Koda today announced it has acquired Unipex Solutions Canada (Boucherville, Quebec, Canada), a division of Unipex Group (Paris), for an undisclosed sum. Unipex Canada is a distributor...
http://www.chemweek.com/people_and_business/companies/Koda-acquires-in-Canada_69620.html
April 16, 2015
Cytec today announced first-quarter net earnings down 31.5% year-on-year (YOY), to $42.5 million, or 58 cts/share, on sales up 5.3%, to $515 million. Excluding special items, mainly...
http://www.chemweek.com/people_and_business/companies/Cytec-beats-estimates-on-higher-sales-and-volumes_69542.html
April 16, 2015
Sibur (Moscow) says that its biggest investment project, a world-scale petrochemicals complex at Tobolsk, Russia, will likely reach mechanical completion in 2019, one year later than...
http://www.chemweek.com/people_and_business/companies/Sibur-delays-world-scale-petchem-project-due-to-challenging-economic-environment_69511.html
April 16, 2015
Sherwin-Williams (SW) today reported first-quarter net income up 13.8% year-on-year (YOY), to $131.4 million, on sales up 3.5%, to $2.45 billion. Earnings totaled $1.38/share, short of...
http://www.chemweek.com/people_and_business/companies/Sherwin-Williams-earnings-fall-short-of-estimates-due-to-currency-impacts_69479.html
April 16, 2015
PPG Industries today reported first-quarter net income from continuing operations totaling $321 million, or $2.33/share, up 15.9% year-on-year (YOY), on sales up 1%, to $3.7 billion...
http://www.chemweek.com/people_and_business/companies/PPG-beats-estimates-on-cost-cuts_69477.html
April 16, 2015
Thomas Swan (Consett, UK) says that Harry Swan, its managing director, has been appointed to the governing board of Innovate UK, the United Kingdom’s innovation agency, formerly...
http://www.chemweek.com/people_and_business/companies/Harry-Swan-appointed-to-governing-board-of-Innovate-UK_69468.html
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