IHS Chemical Week

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March 26, 2013
Ashland says that Lamar Chambers, senior v.p. and CFO, will retire in July after 37 years of service to the company. The board of directors has elected Kevin Willis to succeed Chambers...
http://www.chemweek.com/regions/north_america/us/Ashland-appoints-new-CFO_50733.html
March 26, 2013
The decision by Ferro’s board to reject A. Schulman’s recent takeover offer without negotiations and pursue its own restructuring plan is being blasted by an increasingly...
http://www.chemweek.com/regions/north_america/us/Ferros-board-faces-shareholder-mutiny_50575.html
March 26, 2013
Owens Corning (Toledo, OH), a producer of glass fiber reinforcements for composite systems, joined a strategic alliance with BASF and TenCate Advanced Composites (Morgan Hill, CA) to...
http://www.chemweek.com/regions/north_america/us/BASF-Corning-and-TenCate-form-team-to-develop-thermoplastic-composites_50562.html
March 26, 2013
Kronos reported a net loss in earnings for the fourth quarter 2012 due to an inherent weakness in the titanium dioxide (TiO2) market. The company reported a loss of $18.1 million (16...
http://www.chemweek.com/regions/north_america/us/Kronoss-earnings-fall-on-weak-TiO2-sales_50497.html
March 25, 2013
Invista announed today that it has acquired Ashburn Hill Corp., a Greenville, SC-based manufacturer of protective fabric technologies for fire service and industrial markets, for an...
http://www.chemweek.com/regions/north_america/us/Invista-acquires-flame-resistant-apparel-company_50730.html
March 25, 2013
“If industry had more certainty that regulations would not change every election cycle, there would be a significant investment in infrastructure,” says AFPM president Charles Drevna....
http://www.chemweek.com/regions/north_america/us/AFPM-IPC-Shale-gas-carrying-US-economy-Drevna_50719.html
March 25, 2013
Myriant (Quincy, MA) and Bayegan Group (Istanbul) have signed a broad collaboration agreement to commercialize Myriant’s biobased succinic acid in markets across the...
http://www.chemweek.com/regions/north_america/us/AFPM-IPC-Myriant-and-Bayegan-sign-broad-distribution-agreement-for-biobased-succinic-acid_50717.html
March 25, 2013
PolyOne has entered into an agreement to sell its vinyl dispersion, blending, and suspension resin assets to Mexichem (Tlalneplantla, Mexico) for $250 million in cash, PolyOne...
http://www.chemweek.com/regions/north_america/us/PolyOne-to-sell-its-vinyls-assets-to-Mexichem-in-$250-million-cash-deal_50715.html
March 25, 2013
Songwon Industrial (Ulsan, South Korea) says that the previously announced Houston facility of the Songwon Additive Technologies joint venture, for the production of one pack systems...
http://www.chemweek.com/regions/north_america/us/Songwon-JV-to-start-up-one-pack-systems-plant-in-Houston-next-month_50716.html
March 22, 2013
Indorama Ventures’ (Bangkok) polymers subsidiary AlphaPet has confirmed the construction of a previously announced polyethylene terephthalate (PET) production unit in the United...
http://www.chemweek.com/regions/north_america/us/Indorama-subsidiary-confirms-PET-project-at-BP-site-in-the-US_50709.html
March 22, 2013
Global styrene butadiene rubber (SBR) prices are expected to be torn in the first half of this year between soft demand downstream from tire manufacturing, as the automotive sector...
http://www.chemweek.com/regions/north_america/us/Export-opportunities-will-drive-SBR-markets-during-the-second-half-of-2013_50701.html
March 22, 2013
Rockwood said today that it has paid down all of Sachtleben’s outstanding borrowings, totaling $508.9 million. The borrowings include 2 term loans, which interest rates of the...
http://www.chemweek.com/regions/north_america/us/Rockwood-pays-down-all-Sachtleben-debt_50700.html
March 22, 2013
A. Schulman has retained Moelis & Company (New York), an investment bank, to advise on the company’s $6.50/share hostile bid for Ferro. The bid, which totals $855 million...
http://www.chemweek.com/regions/north_america/us/Schulman-retains-investment-bank-to-advise-on-Ferro-offer_50699.html
March 22, 2013
Dow Chemical says that its Dow Water & Process Solutions (DW&PS) business unit has entered into a collaboration agreement with Ahlstrom (Helsinki, Finland)—a global...
http://www.chemweek.com/regions/north_america/us/Dow-partners-with-Ahlstrom-for-drinking-water-solutions_50691.html
March 21, 2013
Chemicals sector rail traffic in North America rose 3.3% year-on-year (YOY) during the week ended 16 March, to 43,388 cars, according to the Association of American Railroads (AAR...
http://www.chemweek.com/regions/north_america/us/Chemicals-sector-rail-traffic-rises-3-3-percent_50687.html
March 21, 2013
Asahi Kasei Plastics’ North America (Fowlerville, MI) business announced that it is investing $5 million in a new compounding line and plant improvements to accommodate increased...
http://www.chemweek.com/regions/north_america/us/Asahi-Kasei-Plastics-invests-$5-million-to-expand-in-North-America_50685.html
March 21, 2013
Although shale gas has cut into North American benzene supply and raised prices, it has simultaneously advantaged the production of benzene derivatives...
http://www.chemweek.com/regions/north_america/us/IHS-WPC-Shale-will-drive-benzene-derivatives-in-North-America_50684.html
March 21, 2013
Weaker demand growth coupled with stronger rates of capacity expansion has dampened the profit outlook for ethylene, particularly for high-cost producers that use heavier feedstocks, says Mark Eramo, v.p./chemical market insights for IHS Chemical....
http://www.chemweek.com/regions/north_america/us/IHS-WPC-Ethylene-profit-outlook-muted-by-weaker-demand-supply-surge-Eramo_50683.html
March 21, 2013
The OM Group (Cleveland) has named David Knowles president and COO, effective 8 April. Knowles has 30 years of experience in operational leadership, and had most recently served...
http://www.chemweek.com/regions/north_america/us/OM-Group-names-new-COO_50673.html
March 21, 2013
ACC released its US Chemical Production Regional Index (CPRI)—citing a 0.6% increase in February on a 3-month moving average (3MMA), following a revised 0.8% gain in January...
http://www.chemweek.com/regions/north_america/us/ACC-Chemical-production-rises-in-all-regions-in-February_50672.html
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