IHS Chemical Week

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May 13, 2014
OCI Partners (Nederland, TX) reports net income of $29 million for the first quarter, down 36% year-on-year (YOY) on unplanned outages. Sales totaled $100 million, down 11% YOY. The company says it will issue a cash distribution of 41 cts/share....
http://www.chemweek.com/regions/north_america/OCI-Partners-first-quarter-income-down-36-percent-on-outages_61042.html
May 13, 2014
Invista has obtained a permanent injunction to prevent US-based subsidiaries of Mossi & Ghisolfi Group (M&G; Tortona, Italy) from manufacturing or selling PoliProtect APB and PoliProtect JB resins in or from the United States....
http://www.chemweek.com/regions/north_america/Invista-wins-permanent-injunction-against-M-and-Gs-PoliProtect_61040.html
May 13, 2014
Rentech Nitrogen Partners (Los Angeles) reports net income for the first quarter of $3.1 million, down 79% year-on-year (YOY). Earnings per share totaled 8 cts, well above analysts’ consensus estimate of 0 cts, as compiled by Thomson Reuters. Sales totaled $56.3 million, down 5.5% YOY, since a gain at Rentech’s Pasadena, TX, facility was offset by a decline at its East Dubuque, IL, facility....
http://www.chemweek.com/regions/north_america/Low-prices-drive-down-Rentech-Nitrogens-earnings_61033.html
May 12, 2014
Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular...
http://www.chemweek.com/regions/north_america/Innospec-launches-$20-million-share-buyback_61010.html
May 12, 2014
Otsuka Chemical says it has established a US subsidiary to build a manufacturing plant at Griffin, GA, to produce the company’s fiber-free potassium titanate product line. The...
http://www.chemweek.com/regions/north_america/Otsuka-Chemical-establishes-US-subsidiary-for-fiber-free-potassium-titanate-manufacture_60998.html
May 12, 2014
Private Equity firm Huron Capital Partners (Detroit) has cofounded Valentus Specialty Chemicals, an acquisition platform, Huron says. The company is joining forces with industry...
http://www.chemweek.com/regions/north_america/Huron-Capital-launches-specialty-chemicals-acquisition-platform_60996.html
May 12, 2014
Milliken (Spartanburg, SC) says it has acquired Westex (Chicago), strengthening Milliken's flame-resistant (FR) fabrics portfolio. Financial details of the transaction have not been...
http://www.chemweek.com/regions/north_america/Milliken-acquires-flame-resistant-fabrics-firm_60992.html
May 12, 2014
Anellotech (Pearl River, NY), a technology-based company focused on production of low-cost, green petrochemicals, is making available kilogram-scale quantities of green benzene...
http://www.chemweek.com/regions/north_america/US-start-up-produces-biobased-BTX-at-kilogram-scale_60991.html
May 10, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €100 million ($137.6 million) this year in biosimilars, a new business being developed by its Merck Serono unit. In addition, Merck...
http://www.chemweek.com/regions/north_america/Merck-KGaA-to-invest-in-biosimilars-eyes-pharma-acquisitions_60979.html
May 10, 2014
SGL Automotive Carbon Fibers and BMW Group said on Friday that they intend to invest $200 million to triple carbon fiber capacity at their Moses Lake, WA plant, to cope with high...
http://www.chemweek.com/regions/north_america/BMW-and-SGL-Group-to-triple-carbon-fiber-capacity-at-Moses-Lake-plant_60978.html
May 9, 2014
Minerals Technologies today announced it has completed the acquisition of bentonite maker Amcol (Hoffman Estates, IL) for $1.7 billion, or $45.75/share. The deal was announced in March...
http://www.chemweek.com/regions/north_america/Minerals-Technologies-completes-Amcol-acquisition_60969.html
May 9, 2014
Agrium announced today that it has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business...
http://www.chemweek.com/regions/north_america/Agrium-to-sell-turf-and-ornamental-business-to-Koch-Agronomic-Services_60967.html
May 9, 2014
Invista (Wichita, KS) has introduced the first commercially available biobased spandex fiber, the company has announced. Approximately 70% of the weight of the new biobased spandex...
http://www.chemweek.com/regions/north_america/Invista-introduces-first-biobased-spandex-fiber_60963.html
May 8, 2014
ExxonMobil reports first-quarter earnings for its chemical segment of $1.047 billion, down 7.9% year-over-year (YOY) from $1.137 billion....
http://www.chemweek.com/regions/north_america/ExxonMobil-chemical-earnings-down-7-9-percent-on-weaker-margins_60730.html
May 8, 2014
Tronox reports a first quarter net loss of $58 million, versus a year-ago loss of $51 million, as improved pigment sales were offset by weaker results in the mineral sands segment. The 51 cent loss per share fell well below the analysts’ consensus estimate of a 27 cent loss per share. Net sales totaled $418 million, down 11% year-over-year....
http://www.chemweek.com/regions/north_america/Tronox-earnings-down-on-weak-mineral-sands-but-pigments-improve_60901.html
May 8, 2014
Calgon Carbon today reported first-quarter net earnings that were flat year-on-year (YOY), at $9.8 million, or 18 cts/share, while sales were down 2.6%, to $131.6 million. Earnings...
http://www.chemweek.com/regions/north_america/Calgon-Carbon-earnings-match-estimates-despite-lower-sales_60904.html
May 8, 2014
Celanese says that Steven Sterin has resigned as the company's CFO, effective 6 May. Chris Jensen, senior v.p./finance and chief accounting officer, will serve as the company’s interim CFO....
http://www.chemweek.com/regions/north_america/us/Celanese-announces-CFO-departure_60900.html
May 8, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $6.37 million in the first quarter of 2014 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_60892.html
May 8, 2014
BASF and Yara have selected BASF’s Freeport, TX site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of...
http://www.chemweek.com/regions/north_america/BASF-and-Yara-select-Freeport-TX-site-for-ammonia-production-joint-venture_60891.html
May 8, 2014
Indorama Ventures (Bangkok) says it has appointed Tom Zaiser as CEO of its wholly owned subsidiary FiberVisions (Duluth, GA), effective 30 April 2014. Zaiser succeeds Gary Spitz who is...
http://www.chemweek.com/regions/north_america/us/Indorama-appoints-new-CEO-of-FiberVisions_60890.html
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