IHS Chemical Week

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March 10, 2015
Hexion, formerly Momentive Specialty Chemicals, today reported a fourth-quarter net loss of $66 million compared with a loss of $525 million in the year-ago quarter. Sales were down 3%...
http://www.chemweek.com/regions/north_america/us/Hexion-narrows-loss-on-lower-sales_68412.html
March 10, 2015
Patheon (Durham, NC), a provider of drug development and delivery solutions to the pharmaceutical and biopharma sectors, says that it has definitively agreed to acquire Agere...
http://www.chemweek.com/regions/north_america/us/Patheon-adds-solubility-expertise-with-acquisition-of-Agere-Pharmaceuticals_68403.html
March 10, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell resumed discussions on 9 March regarding a new labor agreement. However, by late afternoon, neither company had...
http://www.chemweek.com/regions/north_america/us/USW-strike-Day-37-USW-and-Shell-resume-labor-discussions_68399.html
March 9, 2015
Arkema said today that it plans to significantly expand its Kepstan polyetherketoneketone (PEKK) super polymer business. The company will double capacity in France by 2016 and build a...
http://www.chemweek.com/regions/north_america/us/Arkema-to-double-PEKK-capacity-in-France-build-world-scale-plant-in-the-US_68387.html
March 9, 2015
FDA on Friday approved Zarxio (filgrastim), the first biosimilar product to be approved in the United States. Biosimilars are biological products that are approved based upon showing...
http://www.chemweek.com/regions/north_america/us/FDA-approves-the-first-biosimilar-product-in-the-US_68385.html
March 9, 2015
Wacker Chemie announced today that it is expanding its vinyl acetate-ethylene copolymer (VAE) dispersions production facilities in the United States. The company will add a new reactor...
http://www.chemweek.com/regions/north_america/us/Wacker-hikes-dispersions-capacity-in-the-US_68383.html
March 9, 2015
Huntsman says that it plans to restructure its color pigments business, and that this restructuring includes an expected headcount reduction of 120 positions. The move is part of the...
http://www.chemweek.com/regions/north_america/us/Huntsman-to-cut-120-jobs-in-color-pigments-business_68329.html
March 9, 2015
The United Steelworkers (USW; Pittsburgh) union held rallies at various locations in the Houston area ahead of discussions with Royal Dutch Shell in the week starting 9 March. Rallies...
http://www.chemweek.com/regions/north_america/us/USW-strike-Day-34-USW-holds-rallies-in-Houston-area-locations-before-further-talks-with-Shell_68375.html
March 6, 2015
Trecora Resources (Sugar Land, TX) has announced record fourth-quarter sales of $74.1 million in 2014, an increase of 11.2% year-on-year (YOY) and net income of $2.2 million in the...
http://www.chemweek.com/regions/north_america/us/Trecora-Resources-reports-record-fourth-quarter-sales-full-year-sales-up-23-percent_68365.html
March 6, 2015
Prompt benzene spot prices have continued to firm in the United States this week, following the recent March contract split settlement on 3 March. The continued increase is on the back...
http://www.chemweek.com/regions/north_america/us/Benzene-split-settlement-in-US-for-March-shows-wide-spread_68356.html
March 6, 2015
The United Steelworkers (USW; Pittsburgh) union and Royal Dutch Shell have confirmed that they will meet again in Houston on 9 March. Scheduling of the meeting for next week came one...
http://www.chemweek.com/regions/north_america/us/USW-strike-Day-33-USW-and-Shell-to-meet-on-Monday_68355.html
March 6, 2015
Albany Molecular Research Inc. (AMRI; Albany) says that Michael Pettersson, fills the newly created position of v.p./international sales, effective immediately. Pettersson brings more...
http://www.chemweek.com/regions/north_america/us/AMRI-appoints-Teva-API-executive-as-v-p-international-sales_68359.html
March 6, 2015
Precious metals recycling company Asahi Holdings (Tokyo) says that on 5 March, it completed the previously announced acquisition of Johnson Matthey’s gold and silver refining...
http://www.chemweek.com/regions/north_america/us/Asahi-Holdings-completes-purchase-of-Johnson-Mattheys-gold-and-silver-refining-business_68358.html
March 5, 2015
The strengthening US dollar will be a mild negative for the credit for major US chemical companies, according to a new report by Moody’s Investors Service (New York), a ratings...
http://www.chemweek.com/regions/north_america/us/Moodys-strong-dollar-mildly-negative-for-US-chemical-companies_68346.html
March 5, 2015

Olin says normal production of chlorine and chemically pure salt at the company's McIntosh, AL, facility has resumed, and that the company is lifting a force-majeure declaration made on 10 February. Olin says it remains on order control for chlorine owing to tight supply in its overall system.

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http://www.chemweek.com/regions/north_america/us/Olin-lifts-force-majeure-on-chlorine-salt-from-McIntosh-facility_68344.html
March 5, 2015
Trinseo reports a net loss for the fourth quarter of $30 million, down from a net profit of $11 million in the year-ago quarter, largely the result of inventory revaluation driven by declining crude oil prices. Sales totaled $1.12 billion, down 10% year-over-year (YOY) from $1.24 billion on lower raw material costs and currency effects. Adjusted earnings came to a loss of 48 cents/share, below analysts’ consensus estimate of a 13-cts/share loss....
http://www.chemweek.com/regions/north_america/us/Trinseo-swings-to-loss-on-inventory-revaluation-misses-estimates_68342.html
March 5, 2015
Propylene inventories were up in the United States for the week ended 27 February, according to data released by the US Energy Information Administration. It is the third straight week...
http://www.chemweek.com/regions/north_america/us/Propylene-stocks-up-in-US-for-third-straight-week_68324.html
March 5, 2015
With an industry strike at 14 refineries and chemical plants across the United States still in place, elevated discussions on a national level between the United Steelworkers (USW...
http://www.chemweek.com/regions/north_america/us/USW-strike-Day-32-National-level-discussions-end-without-agreement-in-place_68325.html
March 5, 2015
AbbVie (Chicago) says that it has signed a definitive agreement to acquire Pharmacyclics (Sunnyvale, CA), a pharmaceutical company that focuses on small-molecule drugs for the...
http://www.chemweek.com/regions/north_america/us/AbbVie-to-acquire-cancer-drugs-producer-Pharmacyclics-for-$21-billion_68334.html
March 5, 2015
Patheon (Durham, NC), a provider of drug development and delivery solutions to the pharmaceutical and biopharma sectors, says that it has reached a definitive agreement to acquire IRIX...
http://www.chemweek.com/regions/north_america/us/Patheon-to-acquire-API-manufacturer-IRIX-Pharmaceuticals_68331.html
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