IHS Chemical Week

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August 19, 2014
Westlake Chemical Partners has elected Gary Adams and Max Lukens to its board of directors. Adams in 1997 became president of consulting group CMAI and led its global operations. In...
http://www.chemweek.com/regions/north_america/Westlake-Chemical-Partners-appoints-new-board-members_63282.html
August 18, 2014
Coatings maker Axalta has announced a $10.5-million investment to expand its transportation coatings resins site at Tlalnepantla, Mexico. The expansion will expand the site’s...
http://www.chemweek.com/regions/north_america/Axalta-to-expand-Mexico-site_63281.html
August 18, 2014
BHP Billiton (Melbourne) has confirmed that, as part of a plan to simplify its portfolio, it is favoring demerging noncore assets to concentrate on the iron ore, copper, coal, and...
http://www.chemweek.com/regions/north_america/BHP-Billiton-confirms-demerger-plans_63259.html
August 18, 2014
Mexichem (Tlanelpantla, Mexico) has reached an agreement to acquire Dura-Line (Knoxville, TN) from private equity firm CHS Capital (Chicago) for $630 millon in cash and assumed...
http://www.chemweek.com/regions/north_america/Mexichem-acquires-US-based-HDPE-conduit-and-pipe-producer-for-$630-million_63271.html
August 18, 2014
MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 18 out of 20 this week. Thus, we continue to post a green banner. Producer Prices up 0.1%; up 1.7% Y/Y...
http://www.chemweek.com/regions/north_america/ACCs-economic-outlook-for-the-week-ended-15-August-2014_63270.html
August 18, 2014
An equipment failure on 14 August will disrupt production at Huntsman’s Port Neches, TX, facility for 2-3 weeks, the company says. Huntsman makes methyl-tert butyl ether (MTBE), propylene oxide (PO), and propylene glycol (PG) at the facility....
http://www.chemweek.com/regions/north_america/Huntsman-reports-2-3-week-disruption-at-Port-Neches_63258.html
August 15, 2014
Quaker Chemical announced today that it has acquired specialty grease manufacturer ECLI Products (Aurora, IL) for $52 million. ECLI, with estimated 2014 Ebitda of $7 million...
http://www.chemweek.com/regions/north_america/Quaker-acquires-specialty-grease-maker_63246.html
August 15, 2014

Hedge fund Third Point reports holding a 22-million share stake in Dow Chemical, valued at $1.1 billion, according to its second-quarter report on US-traded equity holdings with SEC on 14 August. Third Point also reports new stakes in DSM and FMC. Jana Partners joined Third Point with a new FMC stake in the second quarter. 

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http://www.chemweek.com/regions/north_america/us/Third-Point-reports-1-8-percent-Dow-holding-Third-Point-Jana-take-stake-in-FMC_63234.html
August 15, 2014
Mosaic announced today that its board of directors has named Mark Isaacson v.p., general counsel, and corporate secretary, as well as part of the senior leadership team. Isaacson has...
http://www.chemweek.com/regions/north_america/Mosaic-announces-several-senior-leadership-appointments_63242.html
August 14, 2014
Momentive Specialty Chemicals (MSC) has announced a second-quarter net loss of $27 million, roughly flat year-on-year (YOY), on net sales up 7%, to $1.34 billion. The company, which is...
http://www.chemweek.com/regions/north_america/Momentive-Specialty-Chemicals-sales-rise_63192.html
August 14, 2014
Momentive Specialty Chemicals (MSC) says it has selected the city of Curitiba, in the state of Parana, Brazil, as the location of its next forest products manufacturing site in Latin...
http://www.chemweek.com/regions/north_america/Momentive-selects-Brazil-site-for-forest-products-facility_63190.html
August 14, 2014
DuPont Pioneer today announced plans to build a $35-million soybean research facility at its Stine Haskell Research Center at Newark, DE. The nearly 134,000 square foot facility will...
http://www.chemweek.com/regions/north_america/DuPont-plans-$35-million-soybean-research-facility_63189.html
August 14, 2014
Christoph Ganz, regional manager/North America, cuts the ribbon at the opening of the mortar plant at Conyers. Sika (Baar, Switzerland) says that it has opened a new production...
http://www.chemweek.com/regions/north_america/us/Sika-opens-production-plants-for-admixtures-and-mortars-at-two-sites-in-US_63179.html
August 14, 2014
Sener, Mexico's ministry of energy; and the National Hydrocarbons Commission (Mexico City) have assigned to Petróleos Mexicanos (Pemex) the rights to 83% of the country's...
http://www.chemweek.com/regions/north_america/Pemex-awarded-all-of-the-proven-and-possible-reserves-it-requested-in-Mexicos-energy-reform_63183.html
August 13, 2014
Lanxess announced today that it is expanding its Gastonia, NC, compounding facility for high-tech plastics by adding a second production line. The company will invest about $15 million...
http://www.chemweek.com/regions/north_america/Lanxess-expands-plastics-production-in-North-Carolina_63146.html
August 12, 2014
Nova Chemicals reports second-quarter profit of $167 million, down 17% year-on-year (YOY) from $201 million, with lower margins in the olefins segments partially offset by higher margins in polyethylene. Sales slipped 5.8%, to $1.29 billion....
http://www.chemweek.com/regions/north_america/Nova-quarterly-profit-down-17-percent-PE-gains-offset-by-weak-olefins_63126.html
August 12, 2014
Valspar says that net income for the quarter ended 25 July was $97.8 million, up 4% year-on-year (YOY). Reported earnings of $1.14/share dipped slightly below analyst estimates of...
http://www.chemweek.com/regions/north_america/Valspar-results-up-on-strength-in-coatings_63127.html
August 12, 2014
Mepron helps dairy cows produce more milk without additional crude protein in their feed. Evonik Industries announced on 12 August that it will construct a methionine production plant...
http://www.chemweek.com/regions/north_america/Evonik-to-build-amino-acid-production-unit-at-Mobile-AL_63130.html
August 12, 2014
The president of Mexico, Enrique Peña Nieto, has signed the country's energy reform bill into law, the president's office says. The law preserves and guarantees state ownership...
http://www.chemweek.com/regions/north_america/Mexico-passes-energy-reform_63120.html
August 11, 2014
Kinder Morgan, Inc. (KMI) announced today that it is buying out its two master limited partnerships (MLPs) – Kinder Morgan Energy Partners (KMP) and El Paso Pipeline Partners...
http://www.chemweek.com/regions/north_america/Kinder-Morgan-to-buy-out-its-MLPs-in-$71-billion-deal_63115.html
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