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March 21, 2014
Cabot says it has entered into an agreement to sell its security materials business to Sicpa (Lausanne, Switzerland) for about $20 million in cash. The security materials business...
http://www.chemweek.com/regions/north_america/us/Cabot-to-divest-security-materials-business-to-Sicpa_59749.html
March 21, 2014
Cytec Industries says that its new carbon-fiber production facility at Piedmont, SC, has achieved mechanical completion. Cytec had first announced plans for the carbon fiber project in...
http://www.chemweek.com/regions/north_america/us/Cytec-announces-mechanical-completion-of-its-South-Carolina-carbon-fiber-facility_59748.html
March 20, 2014
Chemicals sector rail traffic in North America was roughly flat year-on-year (YOY) during the week ended 15 March, at 43,306 cars, according to the Association of American Railroads...
http://www.chemweek.com/regions/north_america/us/Chemicals-sector-rail-traffic-flat-YOY_59737.html
March 20, 2014
W.R. Grace said yesterday that the company is targeting 8-10% growth in Ebit, and sales growth of 1.5-2 times (x) GDP from 2014 through 2018. The company, which in February emerged...
http://www.chemweek.com/regions/north_america/us/Grace-sets-8-10-percent-Ebit-growth-target_59692.html
March 20, 2014
Eastman Chemical Company (Kingsport, TN) plans to increase capacity for the production of 2-ethylhexanol (2-EH) at its Longview, TX, site by 20,000 m.t./year. The company expects to complete the project, which will bring the site’s total 2-EH capacity to 57,000 m.t./year, in the fourth quarter. To support the expansion, Eastman will also be increasing Longview’s capacity for the production of precursor butyraldehyde by 25,000 m.t./year....
http://www.chemweek.com/regions/north_america/us/Eastman-to-expand-2-EH-capacity-at-Longview_59715.html
March 20, 2014
Trinseo, formerly Styron, filed for an initial public offering worth up to $200 million today, nearly three years after the company filed for a $400 million that never commenced...
http://www.chemweek.com/regions/north_america/us/Trinseo-refiles-for-IPO_59621.html
March 20, 2014
Chiyoda Corp. and CB&I say they have been awarded a contract valued at approximately $6 billion by Cameron LNG to construct the Cameron liquefaction project at Hackberry, LA. The...
http://www.chemweek.com/regions/north_america/us/Chiyoda-and-CB-and-I-awarded-$6-billion-Cameron-LNG-contract_59688.html
March 20, 2014
Foster Wheeler announced today that it has signed an asset purchase agreement with Siemens Energy to acquire the Siemens Environmental Systems and Services business that supplies and...
http://www.chemweek.com/regions/north_america/us/Foster-Wheeler-to-acquire-Siemens-Environmental-business_59686.html
March 20, 2014
Johnson Matthey Davy Technologies (JM Davy) and Rennovia (Menlo Park, CA), a start-up developing catalytic processes to produce chemicals from renewable resources, announced today that...
http://www.chemweek.com/regions/north_america/us/Johnson-Matthey-Davy-Technologies-and-Rennovia-to-develop-biobased-glucaric-and-adipic-acid-technologies_59685.html
March 19, 2014
Dow Chemical said today at an investor meeting in Saudi Arabia today that it has increased its asset sale target by $1.5–2.0 billion, lifting expected proceeds to $4.5–6.0 billion....
http://www.chemweek.com/regions/north_america/us/Dow-increases-divestiture-target-to-$4-5-6-0-billion_59662.html
March 19, 2014
PPG announced today it is investing $27 million to expand its coatings manufacturing plant at San Juan del Rio, Querterano, Mexico. The expansion will involve four new buildings with...
http://www.chemweek.com/regions/north_america/us/PPG-launches-$27-million-expansion-of-Mexico-coatings-plant_59656.html
March 18, 2014
FMC says it expects first-quarter 2014 operating profit in its agricultural solutions segment decline in the mid-20% range year-on-year because of cold weather in North...
http://www.chemweek.com/regions/north_america/us/FMC-predicts-weaker-first-quarter-agricultural-results-due-to-cold-weather_59646.html
March 17, 2014
Sensient Technologies today released a letter to shareholders outlining its opposition to hedge fund FrontFour Capital’s (New York) slate of director nominees. Sensient says that...
http://www.chemweek.com/regions/north_america/us/Sensient-releases-letter-opposing-FrontFour-director-nominees_59623.html
March 17, 2014
CF Industries announced today that it has completed the previously announced sales of its phosphate business to Mosaic for $1.4 billion—approximately $1 billion net of taxes and...
http://www.chemweek.com/regions/north_america/us/CF-Industries-completes-phosphates-sale-to-Mosaic-for-$1-4-billion_59622.html
March 14, 2014
Sinopec says its wholly owned subsidiary, China International United Petroleum & Chemicals (Unipec), has signed a long-term contract to purchase propane from Phillips 66 for use as chemical feedstock. Sinopec has not released details of the contract....
http://www.chemweek.com/regions/north_america/us/Sinopec-signs-propane-export-deal-with-Phillips-66_59598.html
March 14, 2014
Robert Patterson PolyOne has named COO Robert Patterson as its next president and CEO, effective 15 May. Patterson succeeds Stephen Newlin, who will retire as president and CEO...
http://www.chemweek.com/regions/north_america/us/PolyOne-appoints-Patterson-as-next-CEO_59487.html
March 14, 2014
LyondellBasell Industries has declared force majeure on vinyl acetate monomer (VAM) production at the company's plant at La Porte, TX, company sources have confirmed. The...
http://www.chemweek.com/regions/north_america/us/LyondellBasell-declares-force-majeure-on-VAM-at-La-Porte-plant_59595.html
March 14, 2014
LG Chem (Seoul), in today’s filing to the Korea Exchange (Seoul), says that it has decided to buy NanoH2O (El Segundo, CA) for $200 million. The acquisition has been approved by...
http://www.chemweek.com/regions/north_america/us/LG-Chem-acquires-NanoH2O-for-$200-million_59592.html
March 14, 2014
Kronos Worldwide reports net income of $2.9 million for the fourth quarter of 2013, up from a loss of $18.1 million in the year-ago period. Earnings per share totaled 3 cents, below the analysts’ consensus estimate of 6 cents, owing to a $9 million one-time charge related to a labor settlement. Excluding the settlement, earnings were 8 cents/share....
http://www.chemweek.com/regions/north_america/us/Kronos-swings-to-profit_59582.html
March 14, 2014
Bills have been introduced in the US House and Senate designed to clear the backlog of US FDA approval for sunscreen ingredients and implement a streamlined process for ingredient...
http://www.chemweek.com/regions/north_america/us/Congress-introduces-bill-to-speed-sunscreen-ingredient-approval_59599.html
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