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February 23, 2015
Braskem has not yet approved its 2015 investment budget, and the company's board has decided to take a couple of extra months to refine it because of the volatility in energy markets...
http://www.chemweek.com/people_and_business/companies/Braskem-board-yet-to-approve-2015-budget-future-of-Comperj-petchems-project-uncertain_68005.html
February 20, 2015
Omnova Solutions has agreed to support two board nominees backed by activist investor Barington Capital (New York), avoiding a possible proxy fight....
http://www.chemweek.com/people_and_business/companies/Omnova-and-Barington-reach-agreement-on-board-seats_67977.html
February 20, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) has announced sales of €875,000 ($997,000) in fourth-quarter 2014, compared €375,000 in the...
http://www.chemweek.com/people_and_business/companies/METabolic-EXplorer-announces-sales-of-$997000-in-fourth-quarter-2014_67968.html
February 20, 2015
Israel Chemicals Ltd. (ICL; Tel Aviv) has confirmed that workers at the company's Dead Sea Works (DSW) subsidiary launched a full strike yesterday at DSW's bromine plant at Sodom...
http://www.chemweek.com/people_and_business/companies/Workers-launch-strike-at-ICL-plant-in-Israel_67973.html
February 19, 2015
Calgon Carbon has reported fourth quarter net income up 10% year-on-year (YOY), to $12.1 million, on sales up 5.7%, to $140.6 million. The activated carbon segment, which constitutes...
http://www.chemweek.com/people_and_business/companies/Calgon-Carbon-earnings-rise-on-strong-activated-carbon-sales_67901.html
February 18, 2015
CropEnergies (Mannheim, Germany) has temporarily paused production at its Ensus (Wilton, UK) bioethanol subsidiary. The production facility was taken offline a few days ago for...
http://www.chemweek.com/people_and_business/companies/CropEnergies-pauses-bioethanol-production-at-UK-site-citing-low-prices-euro-weakness_67857.html
February 18, 2015
Innospec has reported net income down 3.0% year-on-year (YOY), to $27.9 million, or $1.11/share, on sales up 20%, to $290.7 million. Ebitda rose 28% YOY, to $49.5 million, while...
http://www.chemweek.com/people_and_business/companies/Innospec-net-income-declines-despite-higher-sales_67865.html
February 18, 2015
Specialty chemical maker MacDermid has named Scott Benson president, effective 20 February. Benson will have responsibility for all of MacDmermid’s operations, including the...
http://www.chemweek.com/people_and_business/companies/MacDermid-names-new-president_67878.html
February 18, 2015
Stepan today reported net income down 42% year-on-year (YOY), to $6.2 million, or 27 cts/share, on sales down 4%, to $454.2 million. Adjusted net income totaled $8.8 million, or 38...
http://www.chemweek.com/people_and_business/companies/Stepan-misses-estimates-on-weak-surfactants-results_67864.html
February 18, 2015
The Chinese government is considering merging certain state-owned energy companies, and one merger being considered is that of China National Petroleum Corp. (CNPC; Beijing), the...
http://www.chemweek.com/people_and_business/companies/Reports-China-mulls-merging-CNPC-and-Sinopec_67851.html
February 17, 2015
Blank-check firm Platform Specialty Products (Miami) today closed the acquisition of agchems company Arysta LifeScience (Dublin) from private equity firm Permira (London) for $3.51...
http://www.chemweek.com/people_and_business/companies/Platform-closes-Arysta-LifeScience-acquisition_67837.html
February 17, 2015
Rentech Nitrogen Partners’ board says it has retained Morgan Stanley (New York), an investment bank, in an effort to consider “strategic alternatives” for the...
http://www.chemweek.com/people_and_business/companies/Rentech-Nitrogen-retains-bank-to-explore-strategic-alternatives_67835.html
February 17, 2015
DuPont today sent a letter to investors criticizing activist hedge fund Trian Fund Management (New York) and reiterating its argument in favor of management’s strategy. The...
http://www.chemweek.com/people_and_business/companies/DuPont-slams-Trian-in-investor-letter_67834.html
February 17, 2015
Bio-on and Eridania Sadam, both headquartered at Bologna, Italy, have announced that they will work together on defining and optimizing the production of levulinic acid (4-oxopentanoic...
http://www.chemweek.com/people_and_business/companies/Italian-companies-to-collaborate-in-green-production-of-levulinic-acid_67833.html
February 16, 2015
Bayer is planning to reorganize its life science businesses, which include its health-care and crop science businesses, in anticipation of the separation of Bayer MaterialScience...
http://www.chemweek.com/people_and_business/companies/Bayer-to-reorganize-life-sciences-businesses-after-BMS-separation_67783.html
February 13, 2015
Avery Dennison has named Anne Bramman senior v.p. and CFO, replacing Mitchell Butier, who has been named president and COO. Bramman joins Avery Dennison from Carnival Cruise Line...
http://www.chemweek.com/people_and_business/companies/Avery-Dennison-names-new-CFO_67780.html
February 12, 2015
Albany Molecular (AMRI) today announced several key leadership changes. Steven Hagen, senior v.p./manufacturing and pharmaceuticals, has been given oversight of the company’s...
http://www.chemweek.com/people_and_business/companies/AMRI-shuffles-leadership-roles_67772.html
February 12, 2015
Total is the latest oil company to announce spending cuts and operating-cost reductions, as well as to write down upstream assets, in response to falling oil prices. The company...
http://www.chemweek.com/people_and_business/companies/Total-cuts-jobs-and-slashes-capacity-at-UK-refinery-reduces-group-spending-writes-down-upstream-assets_67755.html
February 12, 2015
Huntsman today announced that it will reduce its titanium dioxide (TiO2) production capacity by about 100,000 m.t./year, representing 13% of Huntsman's...
http://www.chemweek.com/people_and_business/companies/Huntsman-confirms-plan-to-reduce-titanium-dioxide-capacity-in-Europe_67745.html
February 12, 2015
Albany Molecular (AMRI) has announced plans to close its facility at Holywell, Wales, UK, the company says. The plant makes active pharmaceutical ingredients (APIs) and is involved in...
http://www.chemweek.com/people_and_business/companies/AMRI-plans-to-close-UK-plant_67767.html
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