IHS Chemical Week

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July 8, 2015
Petrobras (Rio de Janeiro) would consider selling its stake in Braskem as a means to build provisions against tax debts nearing 40 billion reais ($12.7 billion) to reduce debt, and...
July 6, 2015
Paul D. Carrico has retired as Axiall president, CEO, and member of the board, effective immediately, the company says. Timothy Mann, Jr., will serve as interim president and CEO until a successor is found. “The Axiall board has an active search process under way to select the next CEO to strengthen the company’s financial performance and drive enhanced shareholder value,” the company says in a statement....
July 2, 2015
Molycorp has received approval from the US Bankruptcy Court on $22 million in interim debtor-in-possession (DIP) financing provided by Oaktree Capital Management. Molycorp filed for...
July 2, 2015
Synthomer (Harlow, UK) on Thursday issued a trading update ahead of its interim results on 11 August 2015 and says the board’s expectations for the full year remain unchanged. In...
June 29, 2015
Blank-check acquisition firm Platform Specialty Products (West Palm Beach, FL) today completed its share offering, which was announced earlier this month. The company sold about 18.2...
June 25, 2015
Rare-earths miner Molycorp today filed for Chapter 11 bankruptcy protection for most of US operations, in order to restructure its $1.7 billion in debt obligations. Under the...
June 24, 2015
Elementis said Wednesday that earnings would fall below market forecasts, citing sharply lower sales of additives to the US oilfield drilling market and weakness in certain segments in China and Latin America. The company’s shares fell 17% on 24 June, closing at 257.60p...
June 24, 2015
Specialty chemical volumes in the United States declined 0.4% sequentially in May, as declines which have persisted since December continued, according to ACC’s specialty...
June 24, 2015
Blank-check acquisition firm Platform Specialty Products (West Palm Beach, FL) has priced its recently-announced stock offering at $26.50/share, with gross proceeds expected to total...
June 24, 2015
Monsanto beat analysts’ estimates for its fiscal third quarter on stronger corn and soybean sales and the proceeds from a recent Roundup license extension from Scotts...
June 23, 2015
ACC’s chemical activity barometer (CAB), a leading indicator of economic activity, rose 0.7% sequentially in June, following a similar increase in May. April’s sequential...
June 17, 2015
Capital Southwest’s chemical assets have filed with SEC for a spin-off, after which the new company—CSW Industrial—will become a publicly traded entity. CSW will...
June 17, 2015
Platform Specialty Products on Wednesday registered with SEC for a public stock offering aiming to raise about $350 million. The exact number and price of the shares, as well as...
June 17, 2015
Gurit (Zurich), a producer of composite materials, on Tuesday said that it has raised the outlook for the company`s sales and earnings in the first half of 2015. Based on favorable...
June 15, 2015
Molycorp, the sole US producer of rare earth oxides (REOs), is taking advantage of a 30-day grace period for payment of interest a $3.36-million interest payment on senior bonds. The...
June 11, 2015
Sibur, an integrated gas processing and petrochemicals company and the leading petrochemicals producer in Russia, on Wednesday published a limited operational update for the three...
June 11, 2015
Saudi Aramco Total Refining and Petrochemical Co. (Satorp) says that it has met all the conditions required for its previously announced loans totaling 2 billion Saudi riyals ($533.3...
June 10, 2015
Private equity firm Apollo Management (New York) says it has agreed to acquire OM Group for about $1.03 billion, or $34/share. Apollo will then sell OM Group’s electronic...
June 10, 2015
Major Russian petrochemicals player Nizhnekamskneftekhim (NKNK; Nizhnekamsk) on Wednesday reported a 13% rise in first-quarter revenues, to 38.2 billion Russian rubles ($703.7...
June 8, 2015
Distributor Univar today announced it is launching an initial public offering (IPO), along with a concurrent private placement to Temasek Holdings (Singapore), the sovereign wealth...
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