IHS Chemical Week

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July 21, 2014
Maire Tecnimont (Rome) today announced it has signed a memorandum of understanding (MOU) with the Fatima Group, a fertilizer player based in Pakistan; and Midwest Fertilizer Corp...
http://www.chemweek.com/regions/north_america/us/Maire-Tecnimont-signs-MOU-to-build-large-fertilizer-complex-in-the-US_62605.html
July 18, 2014
Honeywell says that profit in its performance materials and technologies (PMT) segment  was $475 million, up 8% from the prior year. Segment revenue rose 6% year-on-year...
http://www.chemweek.com/regions/north_america/us/Honeywell-posts-stronger-performance-materials-earnings_62590.html
July 18, 2014
PPG says it has agreed to sell its float glass manufacturing plant at Mt. Zion, IL, to China's Fuyao Glass America subsidiary at Greenville, SC. Financial details, including purchase...
http://www.chemweek.com/regions/north_america/us/PPG-sells-float-glass-plant-in-Illinois_62593.html
July 18, 2014
Cytec today announced second-quarter earnings that more than doubled year-on-year (YOY), to $73.6 million, on sales up 2.6%, to $527 million. Earnings from continuing operations were...
http://www.chemweek.com/regions/north_america/us/Cytec-beats-estimates-announces-stock-split_62544.html
July 18, 2014
Yuhuang Chemical (Houston), a newly created subsidiary of Shandong Yuhuang Chemical, will invest $1.85 billion in a world-scale methanol manufacturing complex on the Mississippi River...
http://www.chemweek.com/regions/north_america/us/Chinese-firm-to-invest-$1-85-billion-in-methanol-complex-in-Louisiana-Air-Liquide-to-provide-technology_62582.html
July 17, 2014
Celanese (Dallas, TX) reports net earnings for the second quarter of $258 million, up 94% year-over-year from $133 million, on stronger pricing and volumes. Sales totaled $1.8 billion...
http://www.chemweek.com/regions/north_america/us/Celanese-net-income-doubles-on-price-and-volume-gains_62545.html
July 17, 2014
PPG Industries has named Michael McGarry, current executive v.p., as COO, effective 1 August. McGarry will have responsibility for all of PPG’s strategic business units and...
http://www.chemweek.com/regions/north_america/us/PPG-names-McGarry-as-COO_62512.html
July 17, 2014
Sherwin-Williams (SW) today announced second quarter net income up 13.3% year-on-year (YOY), to $291.4 million, on sales up 12.2%, to $3.04 billion. Earnings totaled $2.94/share...
http://www.chemweek.com/regions/north_america/us/Sherwin-Williams-raises-guidance-earnings-rise_62529.html
July 17, 2014
PPG Industries today reported second quarter net income from continuing operations up 24% year-on-year (YOY), to $393 million, or $2.80/share, on sales up 5%, to $4.1 billion. Adjusted...
http://www.chemweek.com/regions/north_america/us/PPG-earnings-beat-estimates-on-strong-sales_62509.html
July 17, 2014
The Mississippi Energy Institute (MEI; Jackson), together with the Mississippi Development Authority and seven local economic development organizations, has led a tour from the Gulf...
http://www.chemweek.com/regions/north_america/us/Mississippi-Energy-Institute-IHS-Chemical-identify-potential-manufacturing-locations-in-Mississippi_62502.html
July 16, 2014
Toll manufacturer Royal Chemical says it completed an expansion of its East Stroudsburg, PA, facility, increasing chemical blending capacity and updating equipment. Capacity at the...
http://www.chemweek.com/regions/north_america/us/Royal-Chemical-expands-blending-plant-in-Pennsylvania_62484.html
July 16, 2014
CF Industries announced today that it has restarted its operating units at its Woodward, OK, nitrogen complex. The company shut down production there on 21 April to address an...
http://www.chemweek.com/regions/north_america/us/CF-Industries-resumes-production-at-Oklahoma-nitrogen-complex_62483.html
July 16, 2014
Flint Hills Resources (Wichita, KS) has completed the acquisition of propylene-maker PetroLogistics (Houston, TX). Flint Hills says the $2.1 billion transaction is its largest ever and its first in the chemical space since the purchase of Huntsman’s U.S. commodity chemical business in 2007....
http://www.chemweek.com/regions/north_america/us/Flint-Hills-completes-$2-1-billion-acquisition-of-PetroLogistics_62481.html
July 16, 2014
Praxair says that it will expand its industrial gas facilities at Kirtland, NM. The expansion will include a new nitrogen plant that will increase production capacity this year, the...
http://www.chemweek.com/regions/north_america/us/Praxair-increases-nitrogen-production-at-New-Mexico-plant_62478.html
July 16, 2014
Evonik Industries said today that it has closed on an equity investment in Biosynthetic Technologies (BT; Irvine, CA), a specialist in biobased lubricants. BT has developed and...
http://www.chemweek.com/regions/north_america/us/Evonik-invests-in-biobased-lubricants-start-up-Biosynthetic-Technologies_62476.html
July 16, 2014
Sumitomo Chemical announced today that its wholly owned subsidiary Valent U.S.A. (Walnut Creek, CA) has launched a new crop protection product in the United States for seed treatment...
http://www.chemweek.com/regions/north_america/us/Sumitomo-Chemical-launches-new-seed-treatment-in-the-US_62475.html
July 15, 2014
Koppers Holdings (Pittsburgh, PA) is exploring the consolidation of its North American tar distillation operations, including naphthalene and phthalic anhydride production, at Stickney, IL. The company says it will be applying for the necessary environmental permits, and a decision could be made within several months. If the project goes forward, the new naphthalene plant could start up in early 2016, says Koppers....
http://www.chemweek.com/regions/north_america/us/Koppers-exploring-consolidation-of-North-American-tar-distillation_62471.html
July 15, 2014
Stepan says it has acquired a sulfonation production plant in Bahia, Brazil from Procter & Gamble (P&G), for an undisclosed sum. The plant, in the country’s northeast...
http://www.chemweek.com/regions/north_america/us/Stepan-acquires-Brazil-sulfonation-plant-from-P-and-G_62472.html
July 15, 2014
PolyOne announced today that it is closing two production facilities in Brazil – one at Diadema in Sao Paulo state, and one at Joinville in Santa Catarina state. The two plants...
http://www.chemweek.com/regions/north_america/us/PolyOne-to-close-two-plants-in-Brazil_62473.html
July 15, 2014
Axalta says is it is adding capacity for polypropylene (PP) powder coatings at its facility in Huangshan, China, which is operated as a joint venture with Yongjia Chemical. The jv is...
http://www.chemweek.com/regions/north_america/us/Axalta-adds-PP-powder-coatings-capacity-at-jv-in-China_62469.html
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