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April 8, 2014
Sensient Technologies announced today that it has named Sam Lteif president of its flavors business. Lteif joins the company, effective 7 April, after 14 years at PepsiCo. Lteif has 23...
http://www.chemweek.com/regions/north_america/Sensient-names-flavors-president_60179.html
April 8, 2014
A. Schulman announced today that its board has authorized the repurchase up to $55 million of its common stock. Purchases will take place over a three-year period, ending on 2 April...
http://www.chemweek.com/regions/north_america/A-Schulman-announces-$55-million-share-repurchase-program_60178.html
April 8, 2014
A. Schulman today reported net income of $7 million for the fiscal quarter ended 28 February, down 41% year-on-year (YOY), but adjusted results topped estimates. Schulman says income from continuing operations excluding certain items was $11.3 million, a 39% improvement over the prior-year quarter. Adjusted earnings were 39 cts/share, 18% above analyst estimates as compiled by Thomson Reuters. Net sales of $588 million grew 15% YOY, partially due to strength in European demand....
http://www.chemweek.com/regions/north_america/A-Schulman-earnings-up-on-European-strength-raises-full-year-guidance_60168.html
April 8, 2014
Ashland’s specialty ingredients unit has completed a 13,000 sq-ft expansion of its Macon, GA facility—moving its Nuosept biocides production line from Leaside, ON to the...
http://www.chemweek.com/regions/north_america/Ashland-completes-Georgia-biocide-plant-expansion_60181.html
April 8, 2014
Ube Industries says that its wholly owned subsidiary, Ube Machinery (Ube, Japan), has established a new subsidiary at Irapuato, Mexico. The new subsidiary is called Ube Machinery...
http://www.chemweek.com/regions/north_america/mexico/Ubes-machinery-business-establishes-subsidiary-in-Mexico_60171.html
April 7, 2014
Lubrizol says that it has broken ground on a previously announced new TempRite chlorinated polyvinyl chloride (CPVC) compounding plant at Dahej, India. The groundbreaking ceremony was...
http://www.chemweek.com/regions/north_america/us/Lubrizol-breaks-ground-on-chlorinated-PVC-compounding-plant-in-India_60138.html
April 7, 2014
Energy group Anadarko Petroleum Corp. (The Woodlands, TX) said on Thursday that it has entered into an agreement to resolve the long running Tronox pollution proceedings brought...
http://www.chemweek.com/regions/north_america/Anadarko-settles-Tronox-clean-up-case-for-$5-2-billion_60112.html
April 7, 2014
LSB Industries (LSB; Oklahoma City, OK) has announced plans to include representatives of activist investor Starboard Value on both its board and a strategic committee to be created later this year. Engine Capital, another activist investor, has expressed approval for the plan and withdrawn its own proposal for changing the board’s composition....
http://www.chemweek.com/regions/north_america/LSB-Industries-to-make-board-changes-create-committee_60119.html
April 7, 2014
Cheniere Energy (Houston) has signed an agreement with Endesa (Madrid), the largest electric utility company in Spain, to provide approximately 750,000 m.t./year of liquefied natural...
http://www.chemweek.com/regions/north_america/Cheniere-signs-LNG-agreement-with-Spanish-utility_60152.html
April 7, 2014
Law firm Phillips & Cohen (Los Angeles) says a federal judge has approved an agreement through which Formosa Plastics (Livingston, NJ) will pay $22.5 million to settle its liability in a lawsuit against former subsidiary JM Eagle....
http://www.chemweek.com/regions/north_america/Formosa-Plastics-$22-5-million-PVC-pipe-settlement-approved_60149.html
April 7, 2014
PotashCorp says that its board of directors has appointed Jochen Tilk as president and CEO, effective 1 July. Bill Doyle, after 27 years of service, during which PotashCorp grew to...
http://www.chemweek.com/regions/north_america/canada/PotashCorp-appoints-next-CEO_60129.html
April 7, 2014
PPG Industries says that its industrial coatings business has received a $224,000 award from the Department of Energy (DOE) to help develop dark-colored pigments for cool metal roof...
http://www.chemweek.com/regions/north_america/us/DOE-awards-$224000-to-PPG-to-develop-new-class-of-pigments_60135.html
April 7, 2014
Canpotex (Saskatoon, SK), the potash export cartel owned by Agrium, Mosaic, and PotashCorp, says that it has agreed to an annual contract with its government and private sector...
http://www.chemweek.com/regions/north_america/canada/Canpotex-signs-potash-supply-agreement-with-Indian-customers_60134.html
April 7, 2014
Albany Molecular Research Inc. (AMRI; Albany, NY) says that it has completed the previously announced acquisition of Cedarburg Hauser Pharmaceuticals (Grafton, WI). Total consideration...
http://www.chemweek.com/regions/north_america/us/AMRI-completes-acquisition-of-API-firm-Cedarburg_60133.html
April 4, 2014
LSB Industries (LSB; Oklahoma City, OK) says subsidiary El Dorado Chemical will not renew an exclusive ammonium nitrate supply agreement with Orica International in order to resume distribution to the mining sector...
http://www.chemweek.com/regions/north_america/LSB-Industries-to-end-exclusive-sales-of-ammonium-nitrate-to-Orica_60128.html
April 4, 2014
Balchem says it has agreed to acquire SensoryEffects (St. Louis), a privately-held maker of food and beverage ingredients, for $567 million. SensoryEffects’ 2014 revenues should...
http://www.chemweek.com/regions/north_america/Balchem-to-acquire-food-ingredients-maker-SensoryEffects_59971.html
April 4, 2014
 Soybean sales and margin expansion lifted Monsanto's second-quarter results above expectations, and the company reaffirmed its fiscal 2014 guidance of mid-teens earnings growth...
http://www.chemweek.com/regions/north_america/Monsanto-tops-estimates-on-strong-soybean-results_60007.html
April 4, 2014
Momentive Performance Materials (MPM; Albany, NY), the silicones and quartz subsidiary of Momentive, is considering a bankruptcy filing as part of negotiations to reduce debt. “As part of this process, a filing under Chapter 11 of the US Bankruptcy Code may provide the most expeditious manner in which to effect a plan of reorganization,” MPM said in a regulatory filing....
http://www.chemweek.com/regions/north_america/us/Momentive-Performance-Materials-considers-bankruptcy-filing_60055.html
April 4, 2014
Celanese is exploring plans to construct a 1.3-million m.t./year methanol production unit at its Bishop, TX site. The company says it is preparing necessary environmental permits for the unit....
http://www.chemweek.com/regions/north_america/Celanese-eyes-second-US-methanol-plant_59938.html
April 4, 2014
Sherwin-Williams (SW) announced today that it is terminating its agreement to acquire Mexican paint supplier Comex, which has run into antitrust issues in Mexico. SW has already...
http://www.chemweek.com/regions/north_america/Sherwin-Williams-terminates-Comex-Mexico-acquisition_60120.html
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