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March 12, 2015
Activist hedge fund Trian Fund Management (New York) today released a letter to DuPont management commenting on fund founder and CEO Nelson Peltz’s experience on corporate...
http://www.chemweek.com/people_and_business/companies/Trian-releases-new-letter-seeks-Chemours-board-seats_68472.html
March 11, 2015
Two whistleblowers have implicated Braskem in the corruption scandal surrounding state-owned oil producer Petrobras (Rio de Janeiro), according to a report from newspaper Folha de S...
http://www.chemweek.com/people_and_business/companies/Report-Whistleblowers-implicate-Braskem-in-Petrobras-scandal_68438.html
March 10, 2015
Fuels and lubricants maker Calumet Specialty Products today priced a public unit offering at $26.75/unit. The company is selling 6 million common units in an offering expected to close...
http://www.chemweek.com/people_and_business/companies/Calumet-Specialty-Products-prices-unit-offering_68421.html
March 10, 2015
Hexion, formerly Momentive Specialty Chemicals, today reported a fourth-quarter net loss of $66 million compared with a loss of $525 million in the year-ago quarter. Sales were down 3%...
http://www.chemweek.com/people_and_business/companies/Hexion-narrows-loss-on-lower-sales_68412.html
March 10, 2015
Fragrances and flavors group Symrise (Holzminden, Germany) today reported its financial results for 2014, exceeding its targets and making “substantial Increases in sales...
http://www.chemweek.com/people_and_business/companies/Symrise-reports-increases-in-sales-Ebitda_68405.html
March 9, 2015
Cardia Bioplastics (Melbourne) has decided to discontinue funding of its film- and bag-making operations in Brazil. The company will instead prioritize financial resources to increase...
http://www.chemweek.com/people_and_business/companies/Cardia-Bioplastics-closes-Brazil-plant-to-focus-on-AsiaPacific_68386.html
March 6, 2015
Trecora Resources (Sugar Land, TX) has announced record fourth-quarter sales of $74.1 million in 2014, an increase of 11.2% year-on-year (YOY) and net income of $2.2 million in the...
http://www.chemweek.com/people_and_business/companies/Trecora-Resources-reports-record-fourth-quarter-sales-full-year-sales-up-23-percent_68365.html
March 5, 2015
The strengthening US dollar will be a mild negative for the credit for major US chemical companies, according to a new report by Moody’s Investors Service (New York), a ratings...
http://www.chemweek.com/people_and_business/companies/Moodys-strong-dollar-mildly-negative-for-US-chemical-companies_68346.html
March 5, 2015
Petrobras has confirmed that it plans to divest about $13.7 billion of assets in 2015-16. The planned divestments are a revision of Petrobras's previous plan—announced in...
http://www.chemweek.com/people_and_business/companies/Petrobras-raises-divestment-target-to-$13-7-billion_68341.html
March 5, 2015

Olin says normal production of chlorine and chemically pure salt at the company's McIntosh, AL, facility has resumed, and that the company is lifting a force-majeure declaration made on 10 February. Olin says it remains on order control for chlorine owing to tight supply in its overall system.

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http://www.chemweek.com/people_and_business/companies/Olin-lifts-force-majeure-on-chlorine-salt-from-McIntosh-facility_68344.html
March 5, 2015
Perstorp (Perstorp, Sweden) has announced the successful start-up of its oxo plant at Stenugsund, Sweden. The new plant is Perstorp’s largest ever plant investment, boosting its...
http://www.chemweek.com/people_and_business/companies/Perstorp-starts-up-oxo-unit-its-largest-plant-investment_68339.html
March 4, 2015
DuPont and activist hedge fund Trian Fund Management (New York) this week traded barbs over DuPont’s rejection of a universal proxy card for the company’s upcoming board of...
http://www.chemweek.com/people_and_business/companies/DuPont-Train-spar-over-universal-proxy-card_68326.html
March 4, 2015
ExxonMobil expects to reduce capital spending over the next three years while starting up 16 major oil and natural gas projects and increasing production, says Rex Tillerson, chairman and CEO....
http://www.chemweek.com/people_and_business/companies/ExxonMobil-to-reduce-group-capital-spending-through-2017-chemical-business-showing-resilience_68309.html
March 4, 2015
Ineos plans to integrate the Americas business activities of Ineos ABS into Styrolution by the end of 2015. The marketing, sales, customer service, supply chain, procurement, R&D, human resources, and manufacturing functions of the two businesses will be merged, says Ineos....
http://www.chemweek.com/people_and_business/companies/Ineos-to-integrate-Ineos-ABS-Styrolution-in-the-Americas-by-year-end_68304.html
March 4, 2015
Axalta today opened an automotive water-based coatings plant in China. The plant, which is adjacent to Axalta’s operations center in Shanghai’s Jiading district, will...
http://www.chemweek.com/people_and_business/companies/Axalta-opens-water-based-coatings-plant-in-Shanghai_68275.html
March 4, 2015
Lenzing Group (Lenzing, Austria) says today that it expects consolidated sales to be €1.86 billion ($2.1 billion) in full-year 2014, according to preliminary figures, compared...
http://www.chemweek.com/people_and_business/companies/Lenzing-expects-to-report-a-loss-in-2014-but-operating-results-above-expectations_68262.html
March 4, 2015
Evonik Industries has reported today full-year 2014 sales of €12.9 billion ($14.4 billion), compared with €12.7 billion a year ago, or an increase of 2% year-on-year (YOY)...
http://www.chemweek.com/people_and_business/companies/Evonik-reports-higher-fourth-quarter-sales-earnings_68258.html
March 3, 2015
Arsenal Capital’s Accella Performance Materials (St. Louis), a maker of custom polyurethanes and recycled rubber products, has acquired IPS Polymer Systems (Rancho Cucamonga...
http://www.chemweek.com/people_and_business/companies/Arsenals-Accella-acquires-IPS-Polymer-Systems_68273.html
March 3, 2015
Bayer MaterialScience will discontinue production at the Belford Roxo site in Brazil. The facilities, designed to produce 55,000 m.t./year of methylene di-para-phenylene isocyanate...
http://www.chemweek.com/people_and_business/companies/Bayer-MaterialScience-to-discontinue-production-in-Brazil_68266.html
March 3, 2015
The National Industrialization Co. (Tasnee; Riyadh) has raised its stake in Dyesol (Queanbeyan, Australia), a company developing solar cells based on dye technology, to 33.50% from...
http://www.chemweek.com/people_and_business/companies/Tasnee-increases-stake-in-Dyesol_68250.html
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