IHS Chemical Week

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July 15, 2014
Albemarle has reached an agreement to acquire Rockwood Holdings, a leading producer of lithium and surface treatment chemicals, for $6.2 billion....
http://www.chemweek.com/regions/north_america/us/Albemarle-to-buy-Rockwood-for-$6-2-billion_62458.html
July 15, 2014
Lubricants maker Calumet Specialty Products says it has finalized amendments to its $1-billion revolving credit agreement. The agreement is with a syndicate of banks and matures in...
http://www.chemweek.com/regions/north_america/us/Calumet-Specialty-Products-finalizes-refinancing_62461.html
July 15, 2014
Merck Serono, the biopharmaceutical division of Merck KGaA, has announced the appointment of Luciano Rossetti as executive v.p. and head/R&D as of 21 July.  In his most recent...
http://www.chemweek.com/regions/north_america/us/Merck-Serono-appoints-head-of-R-and-D_62455.html
July 14, 2014
Biocatalyst firm Codexis (Redwood City, CA) and GlaxoSmithKline (GSK) have announced a license technology agreement worth up to $25 million in initial payments in addition to milestone...
http://www.chemweek.com/regions/north_america/us/GlaxoSmithKline-licenses-Codexiss-protein-engineering-platform_62431.html
July 14, 2014
Hexpol (Malmö, Sweden) a leading polymers group with strong global market positions in advanced polymer compounding, has signed an agreement to acquire the business of Kardoes...
http://www.chemweek.com/regions/north_america/us/Hexpol-acquires-US-rubber-compounder-Kardoes-Rubber_62439.html
July 14, 2014
3M today named Ashish Khandpur senior v.p./R&D and chief technology officer, effective immediately. Khandpur replaces Frederick Palensky, who is retiring after 37 years with the...
http://www.chemweek.com/regions/north_america/us/3M-names-new-chief-technology-officer_62444.html
July 14, 2014
MACROECONOMIC STATUS Our running tab of positive indicators remained steady at 16 out of 20 this week. Thus, we continue to post a green banner. Consumer Debt up 7.4% annual rate; up...
http://www.chemweek.com/regions/north_america/us/ACCs-economic-outlook-for-the-week-ended-11-July-2014_62445.html
July 11, 2014
US ethylene strengthened this week, spurred by an outage at Chevron Phillips Chemical’s (CPChem; The Woodlands, TX) Port Arthur, TX, cracker; the delayed restart of LyondellBasell’s cracker at La Porte, TX; and imminent planned maintenance at ExxonMobil’s cracker at Baton Rouge, LA....
http://www.chemweek.com/regions/north_america/us/US-ethylene-prices-strengthen-on-outages_62419.html
July 11, 2014
BASF today provided more information on its asset swap deal with Alpek, which was announced on Thursday. Alpek and BASF have signed agreements covering the expandable polystyrene (EPS)...
http://www.chemweek.com/regions/north_america/us/Alpek-to-acquire-large-part-of-BASFs-EPS-business-BASF-to-buy-Polioless-PU-operations-Update_62393.html
July 10, 2014
Axiall (Atlanta) says the extended ramp-up of its PHH vinyl chloride monomer manufacturing facility at Lake Charles, LA, and weakness in building products and aromatics have dampened expectations for the second quarter. The company now expects to report adjusted Ebitda of $125–130 million versus $180 million in the year-ago quarter....
http://www.chemweek.com/regions/north_america/us/Axiall-lowers-earnings-expectations_62396.html
July 10, 2014
Archer Daniels Midland (ADM) today announced that it is acquiring Wild Flavors GmbH (Zug, Switzerland), for an enterprise value of approximately €2.3 billion ($3.13 billion)...
http://www.chemweek.com/regions/north_america/us/Archer-Daniels-Midland-to-buy-Wild-Flavors-for-$3-billion_62266.html
July 10, 2014
Sirrus (Cincinnati) says it has signed a partnership with Elmer’s Products (Westerville, OH) under which Sirrus will provide monomer platforms that can be used to develop...
http://www.chemweek.com/regions/north_america/us/Sirrus-to-partner-with-Elmers-on-glue-platforms_62397.html
July 10, 2014
Private equity firms Kohlberg Kravis Roberts (KKR) and Riverstone have signed a definitive agreement to merge the assets held by the KKR's natural resources subsidiary with the assets...
http://www.chemweek.com/regions/north_america/us/Private-equity-firms-merge-oil-and-gas-assets-form-largest-operator-in-the-Barnett-Shale_62388.html
July 10, 2014
The German chemical industry is in favor of the transatlantic trade and investment partnership (TTIP), currently being negotiated between the European Union and the United States, says...
http://www.chemweek.com/regions/north_america/us/VCIs-Kley-Germanys-chemical-industry-in-favor-of-TTIP_62395.html
July 10, 2014
Dow Chemical has declared force majeure (FM) on vinyl acetate monomer (VAM) produced at Texas City, TX, where the company’s 365,000-m.t./year VAM plant remains offline following a planned maintenance turnaround, says a company source. The company will issue a letter to customers by 3 July, the source says....
http://www.chemweek.com/regions/north_america/us/Dow-declares-force-majeure-on-VAM-Texas-City-plant-remains-offline-update_62221.html
July 10, 2014
CW has learned that PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest chemicals company, is seeking to buy its partner Perstorp out of their polyurethanes (PUs) joint...
http://www.chemweek.com/regions/north_america/us/PTT-Global-Chemical-to-buy-Perstorp-out-of-Vencorex-PUs-JV_62389.html
July 10, 2014
Dow Chemical says it is bringing its Texas City, TX, vinyl acrylate monomer (VAM) plant back online. Dow shut the unit down in late June to correct a mechanical issue and subsequently declared force majeure on the product....
http://www.chemweek.com/regions/north_america/us/Dow-begins-restart-of-Texas-City-VAM-plant_62383.html
July 9, 2014
Yesterday evening, the House of Representatives, with bipartisan support, passed the Chemical Facility Anti-Terrorism Standards (CFATS) Program Authorization and Accountability Act of...
http://www.chemweek.com/regions/north_america/us/Congress-passes-CFATS-Reauthorization-Act_62371.html
July 9, 2014
KBR said today that its building group subsidiary has been awarded a contract by Purdue Pharma Manufacturing to build a oral solid-dosage manufacturing plant at Durham, NC. The...
http://www.chemweek.com/regions/north_america/us/KBR-to-build-manufacturing-facility-for-Purdue-Pharma_62382.html
July 9, 2014
Compass Minerals says that CFO Rodney Underdown will leave the company on 31 December to pursue other professional interests. The company says its external search for a new CFO is...
http://www.chemweek.com/regions/north_america/us/Compass-Minerals-CFO-to-step-down_62370.html
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