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November 14, 2014
Arkema today reported third-quarter sales of €1.478 billion ($1.840 billion), compared with €1.495 billion in the year-ago quarter, a decline of 1.1%, but “stable at...
http://www.chemweek.com/people_and_business/companies/Arkema-reports-slight-decline-in-sales-Ebitda-down-13-percent-confirms-outlook_65434.html
November 13, 2014
Activist hedge fund Third Point, which has been openly critical of Dow Chemical management since January, intends to wage a proxy battle for board seats at Dow's 2015 annual meeting, according to SEC filings....
http://www.chemweek.com/people_and_business/companies/Third-Point-prepares-for-proxy-fight-at-Dow-Chemical_65388.html
November 13, 2014
Lonza ‘s consumer care segment has signed an agreement with Koda’s care segment for Koda to serve as Lonza’s exclusive third-party distributor of hygiene and personal...
http://www.chemweek.com/people_and_business/companies/Lonza-partners-with-Koda-for-personal-care-distribution-in-North-America_65364.html
November 13, 2014
Dow Chemical is raising its quarterly dividend by 14%, to 42 cts/share, and more than doubling the size of its share buyback program, the company says. The share buyback program...
http://www.chemweek.com/people_and_business/companies/Dow-raises-dividend-increases-size-of-share-buyback_65328.html
November 13, 2014
Coatings maker Axalta, owned by private equity firm The Carlyle Group (New York), has commenced an IPO that could raise up to about $1 billion – far higher than previously...
http://www.chemweek.com/people_and_business/companies/Axalta-to-commence-IPO_65122.html
November 13, 2014
Chemtura today said it will slash manufacturing costs by about $50 million/year, or about 10% of total manufacturing cost, as part of a restructuring program. The restructuring will...
http://www.chemweek.com/people_and_business/companies/Chemtura-details-restructuring-efforts_65366.html
November 13, 2014
Fragrances and flavors group Symrise (Holzminden, Germany) today reported its financial results for the first nine months of 2014, with a “considerably increase in sales and...
http://www.chemweek.com/people_and_business/companies/Symrise-reports-considerable-increase-in-sales-and-earnings_65360.html
November 13, 2014
M&G Chemicals (Luxembourg), a wholly owned subsidiary of Mossi Ghisolfi Group (Tortona, Italy), has signed an agreement to issue $300 million in new equity to private equity...
http://www.chemweek.com/people_and_business/companies/Private-equity-firm-TPG-acquires-minority-stake-in-M-and-G-Chemicals-via-capital-increase_65363.html
November 13, 2014
BP has extended the force majeure on acetic acid production at the company's Hull-Saltend site in the United Kingdom, through December, the company says. BP will, however, raise its...
http://www.chemweek.com/people_and_business/companies/BP-extends-acetic-acid-force-majeure-at-UK-site-through-year-end_65357.html
November 13, 2014
Lenzing today reported that sales in third-quarter 2014 "stagnated" at €457.7 million ($570.4 million), compared with €457.1 million in the year-ago quarter, but...
http://www.chemweek.com/people_and_business/companies/Lenzing-reports-stagnant-sales-in-third-quarter-but-Ebitda-increases-10-percent_65348.html
November 12, 2014
Reports say investment giant Capital Group has upped its stake in PotashCorp to 83.1 million shares—just above 10% of the total, making its ownership double that of any other...
http://www.chemweek.com/people_and_business/companies/Reports-Capital-Group-ups-stake-in-PotashCorp_65322.html
November 12, 2014
Platform Specialty Products has priced its 2.145-million share public stock offer, which was announced on Monday, at $24.50/share. The company expects to generate about $350 million in...
http://www.chemweek.com/people_and_business/companies/Platform-prices-stock-offer_65327.html
November 12, 2014
Praxair says it has signed a long-term contract to provide hydrogen to Repsol (Madrid), a petrochemical producer. Repsol is constructing a steam methane reformer (SMR) at its La...
http://www.chemweek.com/people_and_business/companies/Praxair-to-build-hydrogen-plant-for-refinery-in-Peru_65323.html
November 12, 2014
LyondellBasell Industries will invest about €200 million to modernize its petrochemical site at Berre, France, following the permanent closure of the company's refinery at the...
http://www.chemweek.com/people_and_business/companies/LyondellBasell-to-invest-&euro200-million-at-Berre-site_65313.html
November 10, 2014
ACC president Cal Dooley says the midterm elections provide a more favorable policy environment for US chemical makers to carry out US growth and investment plans....
http://www.chemweek.com/people_and_business/companies/ACC-expresses-optimism-on-post-election-TSCA-trade-prospects_65264.html
November 10, 2014
Momentive Specialty Chemicals (MSC) today reported third-quarter Ebitda up 4% year-on-year (YOY), to $125 million, on revenues up 8%, to $1.35 billion. The increases were mostly due to...
http://www.chemweek.com/people_and_business/companies/Momentive-Specialty-Chemicals-reports-earnings-increase_65277.html
November 10, 2014
Idemitsu Kosan (Tokyo) restarted its 687,000-m.t./year steam cracker at Tokuyama, Japan, this weekend, according to media reports. The cracker was offline since October following an...
http://www.chemweek.com/people_and_business/companies/Idemitsu-Kosan-restarts-Tokuyama-cracker_65257.html
November 10, 2014
Dow Chemical says it will appeal a polyurethanes price-fixing class-action judgment to the US Supreme Court. In September, the US Court of Appeals for the Tenth Circuit affirmed a jury verdict awarding the plaintiffs $1.06 billion. Dow asked the court to rehear the case, but on 7 November, the court turned the company down....
http://www.chemweek.com/people_and_business/companies/Dow-to-appeal-polyurethanes-decision-to-US-Supreme-Court_65261.html
November 10, 2014
Platform Specialty Products today commended a $350-million stock offering, the proceeds of which will help fund the $3.5-billion acquisition of Arysta Life Sciences. The offering is...
http://www.chemweek.com/people_and_business/companies/Platform-to-sell-shares-to-fund-Arysta-acquisition_65263.html
November 10, 2014
Advanced Emissions Solutions (ADA-ES; Highlands Ranch, CO) is retaining investment bank Moelis & Company (New York) to advise on options for the use of future cash flows stemming...
http://www.chemweek.com/people_and_business/companies/ADA-ES-retains-banker-to-advise-on-cash-flow-options_65262.html
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