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November 6, 2014
Momentive Specialty Chemicals (MSC) says it is building two new formaldehyde plants, both in the US state of Louisiana. Investment in the new plants will total $66 million, with...
http://www.chemweek.com/people_and_business/companies/Momentive-to-build-formaldehyde-plants-in-Louisiana_65207.html
November 6, 2014
Taminco today reported net income that rose nearly fivefold year-on-year (YOY), to $29 million, or 43 cts/share, on sales up 22%, to $369 million. Earnings easily beat analysts’...
http://www.chemweek.com/people_and_business/companies/Taminco-beats-estimates-on-higher-sales_65194.html
November 6, 2014
Tronox today reported its third quarter results, indicating weakness in the titanium slag market. The company reported a net loss of $93 million, down from a net loss of $49 million in...
http://www.chemweek.com/people_and_business/companies/Tronox-reports-net-loss-on-weak-titanium-slag-market_65192.html
November 6, 2014
Perstorp (Perstorp, Sweden) says it is stepping up its investment into the fast growing bioplastics market. The investments include a pilot plant at Warrington (UK), which is already...
http://www.chemweek.com/people_and_business/companies/Perstorp-to-increase-investment-in-bioplastics_65187.html
November 6, 2014
Perstorp (Perstorp, Sweden) has announced sales of 2.84 billion Swedish krona ($383 million) in the third quarter, up from SK2.65 billion in the corresponding period in 2013, or 7.1%...
http://www.chemweek.com/people_and_business/companies/Perstorp-third-quarter-sales-increase-by-7-percent-profitability-sees-double-digit-jump_65185.html
November 6, 2014
Plastipak Packaging Inc., a subsidiary of Plastipak (Plymouth, MI), has been selected as the successful bidder to acquire the APPE Packaging Division of La Seda de Barcelona (El Prat...
http://www.chemweek.com/people_and_business/companies/US-firm-selected-to-acquire-La-Sedas-packaging-division_65181.html
November 5, 2014
Ashland today reported fiscal fourth-quarter net loss of $26 million, compared with a profit of $336 million in the year-ago quarter, on sales up 5% year-on-year, to $1.5 billion...
http://www.chemweek.com/people_and_business/companies/Ashland-beats-estimates-on-solid-specialties-Valvoline-results_65160.html
November 5, 2014
Algae-based oils firm Solazyme (South San Francisco) and Versalis, the chemical subsidiary of Eni S.p.A., today announced a partnership to expand the commercial use of Encapso, ...
http://www.chemweek.com/people_and_business/companies/Solazyme-to-supply-algae-based-drilling-fluid-additive-to-ENI_65159.html
November 5, 2014
CF Industries today reported its third quarter results, indicating an increase in nitrogen revenues and higher costs. Net income of $130.9 million dropped 44% year-over-year (YOY) with...
http://www.chemweek.com/people_and_business/companies/CF-Industries-reports-44-percent-net-income-drop_65158.html
November 5, 2014
Platform Specialty Products today reported third-quarter net income down 11.9% year-on-year (YOY), to $11.9 million, on sales up 4.4% YOY, to $196.8 million. Adjusted net...
http://www.chemweek.com/people_and_business/companies/Platform-Specialty-earnings-beat-estimates_65143.html
November 5, 2014
Rockwood today reported third-quarter net income from continuing operations of $54.4 million, a nearly sevenfold year-on-year (YOY) increase, on sales up 3%, to $356.3 million...
http://www.chemweek.com/people_and_business/companies/Rockwood-beats-estimates-on-solid-surface-treatment-results_65141.html
November 5, 2014
Agrium’s subsidiary Loveland Products has signed a definitive agreement to take an equity stake in CH Biotech R&D Co. (Taiwan), an agricultural technology company that...
http://www.chemweek.com/people_and_business/companies/Agrium-takes-equity-stake-in-plant-nutrition-research-company_65155.html
November 4, 2014
Albemarle says it is expanding capacity for production of liquid curatives at its site in Pasadena, TX. The expansion will support liquid curatives used in polyureas, urethanes and...
http://www.chemweek.com/people_and_business/companies/Albemarle-to-expand-liquid-curative-production_65109.html
November 4, 2014
Agirum announced its third-quarter earnings, showing improved results year-over-year (YOY). YOY, net income of $91 million increased 13% YOY and includes pre-tax share-based payments...
http://www.chemweek.com/people_and_business/companies/Agrium-posts-improved-third-quarter-results_65103.html
November 4, 2014
IFF today reported third-quarter net earnings up 8% year-on-year (YOY), to $107.4 million, on sales up 4%, to $773.8 million. Earnings totaled $1.32/share, matching analysts’...
http://www.chemweek.com/people_and_business/companies/IFF-earnings-rise-on-solid-fragrances-results_65107.html
November 4, 2014
SGL Group (Wiesbaden, Germany) today announced further streamline of its business organization, as part of a cost savings plan. The company says that it is reducing the number of...
http://www.chemweek.com/people_and_business/companies/SGL-reduces-business-units-from-five-to-three_65099.html
November 3, 2014
Chemtura has closed the sale of its agricultural chemical business to Platform Specialty Products for $1 billion. The deal, announced in April, leaves Chemtura focused on its...
http://www.chemweek.com/people_and_business/companies/Chemtura-closes-agchems-divestiture_65075.html
November 3, 2014
Cabot says it has opened a new lignite coal mine that will supply the company's activated carbon production at Marshall, TX. The mine, which is operated by North American Coal (Dallas)...
http://www.chemweek.com/people_and_business/companies/Cabot-opens-new-mine-for-activated-carbon-production-in-Texas_65070.html
November 3, 2014
Lanxess has declined to comment on reports in the German Rheinische Post that it is preparing to slash up to 1,200 jobs in the restructuring of its business. “We do not comment...
http://www.chemweek.com/people_and_business/companies/Lanxess-preparing-to-slash-jobs-in-major-restructuring-program_65041.html
November 3, 2014
Vertellus Specialties (Indianapolis) has acquired Pentagon Chemicals (Halebank, UK), a maker of fine and specialty chemicals for the life science market, in a deal that closed on...
http://www.chemweek.com/people_and_business/companies/Vertellus-acquires-UKs-Pentagon-Chemicals_65053.html
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