IHS Chemical Week

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October 30, 2014
Private equity firm Warburg Pincus (New York) says that it has acquired a minority stake in Laurus Labs (Hyderabad, India), a leading developer and manufacturer of active...
http://www.chemweek.com/regions/north_america/us/New-York-based-private-equity-firm-buys-minority-stake-in-Indian-API-manufacturer-Laurus-for-$90-million_64923.html
October 29, 2014
CF Industries today announced that its entire Woodward, OK, nitrogen complex is offline due to a problem in one of the boilers. All of the plants in the complex were safely shut down...
http://www.chemweek.com/regions/north_america/us/CF-Industries-shuts-down-Woodward-OK-nitrogen-complex-to-repair-boiler_64921.html
October 29, 2014
FMC today reported third-quarter earnings that more than tripled year-on-year (YOY), to $56.3 million, or 42 cts/share, on net revenues up 6%, to $1.02 billion. Excluding charges, such...
http://www.chemweek.com/regions/north_america/FMC-earnings-rise-but-fall-short-of-estimates_64920.html
October 29, 2014
IM Skaugen (IMS; Oslo), part of the Skaugen Group (Oslo), has agreed to sell liquefied petroleum gas (LPG)/ethylene carrier Norgas Napa to a subsidiary of Teekay (Vancouver) for $27...
http://www.chemweek.com/regions/north_america/IM-Skaugen-sells-LPGethylene-carrier-to-Canadian-firm_64904.html
October 29, 2014
Bayer CropScience and DuPont announced today the signing of an agreement for Bayer to purchase certain DuPont Crop Protection land management assets in the United States, Canada...
http://www.chemweek.com/regions/north_america/Bayer-CropScience-acquires-certain-DuPont-Crop-Protection-land-management-operations_64905.html
October 29, 2014
All major construction work related to the rebuild of Williams' (Tulsa, OK) damaged steam cracker at Geismar, LA—including an expansion project and safety-related equipment...
http://www.chemweek.com/regions/north_america/Williams-rebuilt-expanded-Louisiana-cracker-in-final-stages-of-commissioning-and-start-up_64889.html
October 29, 2014
Dow Corning, 50-50 joint venture between Dow Chemical and Corning,  reports third-quarter net income of $176 million, up 49% year-over-year (YOY). Sales were up 7% YOY, to $1.52...
http://www.chemweek.com/regions/north_america/Dow-Corning-reports-net-income-up-49-percent_64893.html
October 29, 2014
The Society of Chemical Industry (SCI), America section announced that the 2015 SCI Chemical Industry Medal will be awarded to Stephen Pryor, president of ExxonMobil Chemical. He will...
http://www.chemweek.com/regions/north_america/Pryor-of-ExxonMobil-to-receive-2015-SCI-medal_64898.html
October 29, 2014
Praxair reports third quarter net income of $477 million, up 6% year-over-year (YOY) on sales up 4% YOY, to $3.1 billion. Sales grew from higher volumes—including project...
http://www.chemweek.com/regions/north_america/Praxair-earnings-sales-up_64897.html
October 29, 2014
Nova Chemical reports third-quarter income of $259 million, up 116% year-over-year (YOY) from $120 million, with all segments contributing to the gain. Sales totaled $1.427 billion, up 13% YOY from $1.263 billion....
http://www.chemweek.com/regions/north_america/Nova-doubles-third-quarter-income_64899.html
October 29, 2014
DSM's new North American nylon polymerization plant will be built at Augusta, GA, the company confirmed today. The previously announced investment was accounted for earlier this year...
http://www.chemweek.com/regions/north_america/DSM-names-site-for-North-America-nylon-6-plant_64896.html
October 29, 2014
Cabot today reported fiscal fourth-quarter net income down 29.8% year-on-year (YOY), to $33 million, or 51 cts/share, on sales up 1.7%, to $911 million. Adjusted earnings totaled 85...
http://www.chemweek.com/regions/north_america/Cabot-beats-estimates-despite-net-income-decline_64902.html
October 29, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter....
http://www.chemweek.com/regions/north_america/DuPont-makes-its-case-against-further-break-up_64874.html
October 29, 2014
Johnson Matthey says that it has entered into an agreement to acquire Clariant's battery materials business for $75 million. The transaction, which is expected to be...
http://www.chemweek.com/regions/north_america/canada/Johnson-Matthey-to-acquire-Clariants-battery-materials-business-for-$75-million_64880.html
October 29, 2014
Ineos said today that its Ineos's Barex resins subsidiary will close its Barex resin plant at Lima, OH, in the first quarter of 2015. The plant is the sole Ineos facility that produces...
http://www.chemweek.com/regions/north_america/Ineos-to-close-Barex-resin-plant-at-Lima-OH_64878.html
October 29, 2014
Honeywell says it has appointed Qamar Bhatia as president and general manager for Honeywell Specialty Products and Erin Kane as v.p. and general manager for Honeywell Resins and...
http://www.chemweek.com/regions/north_america/Honeywell-adds-specialty-products-and-resins-executives_64894.html
October 29, 2014
Nova Chemicals says that Naushad Jamani has been named senior v.p./olefins and feedstock, effective 1 January, 2015, replacing Grant Thomson, who will be retiring at the end of 2014...
http://www.chemweek.com/regions/north_america/canada/Nova-appoints-new-senior-v-p-olefins-and-feedstock_64877.html
October 29, 2014
Ube Industries says that it will establish a subsidiary at Mexico City that will focus on developing the market for Ube products, marketing, and materials' procurement. The new...
http://www.chemweek.com/regions/north_america/Ube-to-establish-subsidiary-in-Mexico_64876.html
October 29, 2014
Stolt-Nielsen plans to relocate its tankers' staff in Norwalk, CT to Houston. The move will consolidate the company's US-based staff in Houston, which is the port most frequently...
http://www.chemweek.com/regions/north_america/Stolt-Nielsen-to-relocate-tanker-staff-from-Norwalk-to-Houston_64887.html
October 28, 2014
Mississippi Phosphates Corp (Pascagoula, MS), a producer of diammonium phosphate fertilizer (DAP) has filed for Chapter 11 bankruptcy protection. Two affiliates—Ammonia Tank...
http://www.chemweek.com/regions/north_america/Mississippi-DAP-fertilizer-producer-files-for-bankruptcy_64872.html
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