IHS Chemical Week

Archives :: Regions :: North America :: U.S.

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February 25, 2014
Ferro’s fourth-quarter net income totaled $61 million, or 69 cts/share, compared with a net loss of $64 million in the year-ago quarter, on sales down 6.5% year-on-year (YOY), to...
http://www.chemweek.com/regions/north_america/us/Ferro-swings-to-profit-on-further-cost-cuts_59083.html
February 25, 2014
Eastman Chemical announced today that it will debottleneck carboxylic acid plants at its Longview, TX, and Kingsport, TN, facilities to support  increasing internal and external...
http://www.chemweek.com/regions/north_america/us/Eastman-to-add-carboxylic-acids-capacity_59082.html
February 25, 2014
International Flavors & Fragrances (IFF) and Amyris (Emeryville, CA) announced today that they have completed the first phase of their collaboration to develop a specific set of...
http://www.chemweek.com/regions/north_america/us/IFF-and-Amyris-advance-biobased-fragrance-collaboration_59081.html
February 25, 2014
Chemtura reports fourth-quarter net earnings of $13 million, down 19% year-on-year (YOY) from $19 million, owing to weak results in industrial engineered products. Net sales increased 2% YOY, to $544 million. Earnings of 13 cts/share beat the analysts’ consensus estimate of 11 cts/share....
http://www.chemweek.com/regions/north_america/us/Chemtura-fourth-quarter-earnings-down-at-$13-million-but-beat-estimates_59080.html
February 25, 2014
Frutarom (Haifa, Israel) announced today that it has acquired citrus specialty ingredients maker CitraSource (Winter Haven, FL) for $7.5 million plus an additional future payment...
http://www.chemweek.com/regions/north_america/us/Frutarom-acquires-Florida-citrus-ingredients-maker_59090.html
February 25, 2014
Styrolution, the equally owned styrenics joint venture of BASF and Ineos, announced today that it plans to rationalize polystyrene (PS) capacity in North America. Styrolution also...
http://www.chemweek.com/regions/north_america/us/Styrolution-to-mothball-PS-plant-in-the-US-strengthen-specialties_59077.html
February 25, 2014
Chromatin (Chicago) a developer of sorghum seeds for agriculture and renewable energy, announced today that it has created sorghum plants containing elevated levels of the platform...
http://www.chemweek.com/regions/north_america/us/Chromatin-unveils-sorghum-engineered-to-produce-farnesene_59088.html
February 25, 2014
Minerals Technologies (MTI) has raised its bid to acquire bentonite maker Amcol (Hoffman Estates, IL) to $42.50/share from $42/share. The revised bid values Amcol’s shares at...
http://www.chemweek.com/regions/north_america/us/Minerals-Technologies-raises-Amcol-bid_59087.html
February 25, 2014
DuPont, the University of Missouri, and the U.S. Department of Agriculture-Agricultural Research Service (USDA-ARS) have launched a collaboration aimed at pooling soil mapping...
http://www.chemweek.com/regions/north_america/us/DuPont-USDA-enter-into-soil-mapping-collaboration_59086.html
February 25, 2014
Elementis's (London) profit for full-year 2013 was up 6.4%, to $106.7 million, the company announced today. Pretax profit was $136 million, almost 2% higher than the $133.4 million...
http://www.chemweek.com/regions/north_america/us/Elementis-full-year-profit-up-more-than-6-percent_59072.html
February 24, 2014
Cabot announced today that it has signed a $6-million contract with an unspecified northern US power generator to provide its Darco Hg brand of activated carbon products to help the...
http://www.chemweek.com/regions/north_america/us/Cabot-wins-$6-million-activated-carbon-contract_59046.html
February 24, 2014
Ferro announced today that it is altering the structure of its board of directors, “declassifying,” or eliminating staggered terms, for directors, and eliminating...
http://www.chemweek.com/regions/north_america/us/Ferro-changes-board-structure-appoints-president-to-chairman_59047.html
February 21, 2014
The American Chemistry Council (ACC) announced today that announced US chemical industry investment linked to shale gas now tops $100 billion. As of this month, 148 projects valued at...
http://www.chemweek.com/regions/north_america/us/ACC-US-chemical-investment-linked-to-shale-gas-reaches-$100-billion_58946.html
February 21, 2014
Minerals Technologies (MTI) today launched a $42/share unsolicited bid for minerals firm Amcol International (Hoffman Estates, IL), setting in motion a possible bidding war with...
http://www.chemweek.com/regions/north_america/us/Minerals-Technologies-launches-bid-for-Amcol-updated_58830.html
February 21, 2014
Ashland announced today it has agreed to sell its water treatment business to private equity firm Clayton, Dubilier & Rice (CD&R; New York) for $1.8 billion, ending a...
http://www.chemweek.com/regions/north_america/us/Ashland-to-sell-water-treatment-to-private-equity-for-$1-8-billion_58874.html
February 21, 2014
Sensient Technologies today released a letter to shareholders criticizing the motives of activist hedge fund FrontFour Capital (New York), which proposed a slate of directors to...
http://www.chemweek.com/regions/north_america/us/Sensient-letter-blasts-activist-hedge-fund_59029.html
February 21, 2014
Ecolab today reported net income up 24% year-on-year (YOY), to $287.1 million, or 93 cts/share, on sales up 17%, to $3.56 billion. Excluding special charges, adjusted net income...
http://www.chemweek.com/regions/north_america/us/Ecolab-earnings-slightly-miss-estimates-sales-rise_59028.html
February 21, 2014
Eastman Chemical announced Thursday that its board has approved the repurchase of up to an additional $1 billion of Eastman common stock.  “These actions reflect the...
http://www.chemweek.com/regions/north_america/us/Eastman-board-approves-$1-billion-share-repurchase_58981.html
February 20, 2014
Chemicals sector rail traffic in North America fell 4.1% year-on-year (YOY) during the week ended 15 February, to 41,369 cars, according to the Association of American Railroads (AAR...
http://www.chemweek.com/regions/north_america/us/Chemicals-sector-rail-traffic-declines-4-1-percent_58980.html
February 20, 2014

Williams Partners has postponed the restart of its Geismar, LA, olefins plant to June, according to the company’s fourth-quarter earnings release. The steam cracker had been expected to go online in April. The extended outage will keep ethylene tight in Louisiana, but the return to service of Chevron’s Evangeline pipeline early in the second quarter will increase supply from Texas.

...

http://www.chemweek.com/regions/north_america/us/Williamss-Geismar-cracker-to-remain-offline-until-June_58949.html
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