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October 4, 2012
Hedge fund Jana Partners (New York) has urged Agrium management to split off its retail segment. Jana co-founder Barry Rosenstein made the comments at the New York Value Investing Congress meeting earlier this week. “By pairing retail, which is a stable agricultural distribution business, with wholesale, which is a volatile, commodity-linked fertilizer business, Agrium has obscured retail’s true value while generating no meaningful synergies from this combination,” Jana says....
http://www.chemweek.com/people_and_business/people_executives/Hedge-fund-calls-for-break-up-of-Agrium_46723.html
October 4, 2012
Deepak Fertilizers and Petrochemicals Corp. (DFPCL; Pune, India) has appointed Partha Bhattacharyya as executive director from 29 September 2012. He will be invited to join the board...
http://www.chemweek.com/people_and_business/people_executives/Partha-Bhattacharyya-former-managing-director-of-Haldia-Petrochemicals-to-join-Deepaks-board_46701.html
October 3, 2012
3M has reorganized its business segments, reducing their total number from six to five. Electronics and energy, along with safety and graphics, which had 2011 sales of $5.7 billion and...
http://www.chemweek.com/people_and_business/people_executives/3M-reworks-business-units_46693.html
October 3, 2012
Park Electrochemical Corp. (Melville, NY) reported a drop in sales and earnings for its fiscal quarter ended August 26. Net earnings were $3.2 million, down 57% from the second quarter...
http://www.chemweek.com/people_and_business/people_executives/Park-Electrochemicals-Second-Quarter-Earnings-Fall_46444.html
October 3, 2012
BASF says it will relocate the global headquarters of the pharma ingredients and services business unit from Evionnaz, Switzerland, to Florham Park, NJ. The company has also...
http://www.chemweek.com/people_and_business/people_executives/BASF-to-move-pharma-ingredients-headquarters-to-US-appoints-new-business-head_46597.html
October 3, 2012
Kronos (Dallas, TX) reported preliminary third quarter results, with expected net sales dropping about 10%-12% to $480 million-$495 million due to lower titanium dioxide...
http://www.chemweek.com/people_and_business/people_executives/TIO2-demand-drop-hurts-Kronos-earnings_46690.html
October 3, 2012
Mosaic earnings for the quarter ended 31 August fell due to lower phosphate volumes and prices, the company says. Net earnings were reported as $429 million, down 15% year-over-year...
http://www.chemweek.com/people_and_business/people_executives/Mosaic-reports-drop-in-earnings-due-to-low-phosphate-volumes-and-hurricane-effects_46642.html
October 2, 2012
Westlake Chemical says it is converting its Calvert City, KY ethylene plant from propane to ethane feedstock, as well as increasing ethylene capacity from 450 million lbs/year, to 630...
http://www.chemweek.com/people_and_business/people_executives/Westlake-increases-ethylene-and-PVC-capacity-at-Kentucky-plant_46645.html
October 2, 2012
Compass Minerals says that president and CEO Angelo Brisimitzakis will retire from the company at year end after holding his position for almost seven years, the company says. He is...
http://www.chemweek.com/people_and_business/people_executives/Compass-Minerals-CEO-announces-retirement_46644.html
October 2, 2012
Linde has acquired Contact Welding Supplies—an industrial gases and welding equipment distributor at London, Ontario. Contact Welding specializes in the distribution of...
http://www.chemweek.com/people_and_business/people_executives/Linde-acquires-Canadian-gases-and-welding-distributor_46643.html
October 2, 2012
Specialty chemicals distributor Azelis (Antwerp) says it has sold its composites business to specialties distributor Velox (Hamburg), effective 1 October 2012. The sale follows a...
http://www.chemweek.com/people_and_business/people_executives/Azelis-divests-composites-business-appoints-former-Clariant-executive-CEO_46638.html
October 1, 2012
MEMC Electronic Materials (St. Peters, MO) closed a $200-million term loan on 28 September backed by most of the company's assets, including equity in foreign and domestic...
http://www.chemweek.com/people_and_business/people_executives/MEMC-announces-$200-million-asset-loan_46608.html
October 1, 2012
J.M. Huber’s Huber Engineered Materials division (Atlanta) is increasing its precipitated silica and silicates prices globally, effective 30 October. The adjustment is up to 7%...
http://www.chemweek.com/people_and_business/people_executives/Hubers-engineered-materials-division-increases-prices_46621.html
October 1, 2012
Sabic’s Polymershapes division has opened a new distribution branch at Charleston, SC. The branch joins an existing Columbia, SC, branch to form a new South Carolina sales...
http://www.chemweek.com/people_and_business/people_executives/Sabics-Polymershapes-division-opens-branch-in-Charleston-SC_46620.html
October 1, 2012
Andrew Liveris, chairman and CEO of Dow Chemical, has been awarded the International Palladium Medal of the Société de Chimie Industrielle. He will receive the medal at a dinner in New York in May 2013....
http://www.chemweek.com/people_and_business/people_executives/Dow-CEO-Andrew-Liveris-to-receive-Palladium-Medal_46618.html
October 1, 2012
Compass Minerals’ Sifto Canada subsidiary says it has signed a collective agreement with a local union representing 400 employees at the company’s salt mine at Goderich...
http://www.chemweek.com/people_and_business/people_executives/Compass-Minerals-signs-agreement-with-union-ending-Ontario-mine-strike_46619.html
October 1, 2012
The supervisory board of Lenzing has extended the contract of Peter Untersperger, 52, for an additional 3 years, until April 2016. Untersperger started his career at Lenzing, in 1985...
http://www.chemweek.com/people_and_business/people_executives/Lenzing-extends-Unterspergers-contract-to-act-as-CEO-until-April-2016_46601.html
September 28, 2012
Sinopec has set up a coal-to-chemical company, Sinopec Great Wall Energy Chemical Co., to develop coal and natural gas-based products. The company says by 2015 it plans to build six...
http://www.chemweek.com/people_and_business/people_executives/Sinopec-Sets-Up-Coal-to-Chemical-Company_46583.html
September 28, 2012
Cefic has confirmed CW's exclusive report that Kurt Bock, chairman of BASF, is Cefic's new president. Bock was elected Cefic president, with immediate effect, today at the Cefic annual...
http://www.chemweek.com/people_and_business/people_executives/Bock-Confirmed-as-President-of-Cefic-ICCA_46574.html
September 28, 2012
Ziad bin Sami Al Labban, former CEO of Petro Rabigh, has been named CEO of Sadara, the petrochemical joint venture between Dow Chemical and Saudi Aramco under construction in Jubail...
http://www.chemweek.com/people_and_business/people_executives/Al-Labban-Named-CEO-of-Sadara_46570.html
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