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December 11, 2014
Sherwin-Williams (SW) announced today that it will supply paint to Lowe’s, the US building-supply retailer, under a program called HGTV Home. Products under that brand will be...
http://www.chemweek.com/regions/north_america/us/Sherwin-Williams-to-supply-paint-to-Lowes-under-new-deal_66097.html
December 11, 2014
US Bankruptcy Court in Delaware has approved the restructuring plan for RPM subsidiary Bondex, a maker of pigments, metal coatings, cleaning products and a variety of construction...
http://www.chemweek.com/regions/north_america/us/Court-approves-Bondex-restructuring-plan_66086.html
December 10, 2014
Rivertop Renewables (Missoula, MT), a specialty chemicals company, has begun construction on a commercial plant at DanChem Technologies’ (DTI) site at Danville, VA. DTI will...
http://www.chemweek.com/regions/north_america/us/Renewable-chemical-company-to-build-glucaric-acid-plant_66031.html
December 10, 2014
The US Senate today passed its version of H.R. 4007—The Protecting and Securing Chemical Facilities from Terrorist Attacks Act of 2014, an updated version of the Chemical and...
http://www.chemweek.com/regions/north_america/us/US-Senate-passes-amended-version-of-CFATS-bill-moves-to-House-for-approval_66063.html
December 10, 2014
Rentech says that D. Hunt Ramsbottom has resigned as president and CEO and also as CEO of the general partner of Rentech Nitrogen Partners “to pursue other opportunities.”...
http://www.chemweek.com/regions/north_america/us/Rentech-CEO-departs_66068.html
December 10, 2014
KMG Chemicals today reported fiscal 2015 first-quarter net income down 12% year-on-year (YOY), to $1.19 million, on sales down 3%, to $90.8 million. Adjusted net income rose 14%, to...
http://www.chemweek.com/regions/north_america/us/KMG-Chemicals-earnings-decline-on-lower-sales_66067.html
December 10, 2014
DuPont has reached agreement to sell its Neoprene polychloroprene business to Denka Performance Elastomer, a new joint venture company owned 70% by Denki Kagaku Kogyo (Denka; Tokyo) and 30% by Mitsui & Co. Neoprene, the first commercially successful elastomer, was invented by DuPont in 1931....
http://www.chemweek.com/regions/north_america/us/DuPont-to-sell-Neoprene-elastomer-business-to-Denka-Mitsui-JV_66032.html
December 10, 2014
AkzoNobel says a fire at its Battleground facility in La Porte, TX, damaged the building housing its high-purity metallo-organics (HPMO) unit on 9 December. The company has not said whether the fire, which was extinguished within 20 minutes, affected production....
http://www.chemweek.com/regions/north_america/us/AkzoNobel-reports-fire-at-Texas-high-purity-metallo-organics-unit_66034.html
December 10, 2014
Private equity firm The Riverside Co. (New York) says that it has acquired Drex-Chem (Shah Alam, Malaysia), a specialty chemicals distributor. Financial details of the agreement have...
http://www.chemweek.com/regions/north_america/us/Private-equity-firm-acquires-Malaysia-based-chemicals-distributor_66009.html
December 10, 2014
Former Solutia chairman and CEO Jeffry Quinn, currently founder and managing member of Quinpario Partners (New York), will be launching a capital management firm – called...
http://www.chemweek.com/regions/north_america/us/Quinn-to-launch-capital-management-firm_66037.html
December 10, 2014
BP said today that it expects to incur restructuring charges of $1 billion over the next five quarters. The company is presenting its future strategy and plans in the upstream and gas...
http://www.chemweek.com/regions/north_america/us/BP-to-incur-$1-billion-charges-reexamine-upstream-investments_66019.html
December 9, 2014
Novus International (St. Charles, MO) says it will expand US methionine feed additive capacity by 120,000 m.t./year by 2020....
http://www.chemweek.com/regions/north_america/us/Novus-plans-US-Gulf-Coast-methionine-expansion_66006.html
December 9, 2014
US production of major plastic resins totaled 6.40 billion lbs during October, a year-on-year (YOY) increase of 1.2%, according to ACC. However, production for the first 10 months dropped 2.5% YOY, to 62.0 billion lbs....
http://www.chemweek.com/regions/north_america/us/ACC-reports-October-increase-in-US-resin-production_65994.html
December 9, 2014
Reichhold Industries (Durham, NC) says that the United States Bankruptcy Court for the District of Delaware has approved bidding procedures for a court-supervised auction of substantially all of its US assets....
http://www.chemweek.com/regions/north_america/us/Bankruptcy-court-approves-auction-of-Reichholds-US-assets_66005.html
December 9, 2014
Air Liquide held a groundbreaking ceremony on 8 December for a new air separation unit (ASU) that will produce oxygen, nitrogen, and argon at its production facility at Port Neches...
http://www.chemweek.com/regions/north_america/us/Air-Liquide-builds-ASU-in-Texas_65980.html
December 9, 2014
Activist hedge fund Barrington Capital (New York) today continued its campaign against Omnova management by nominating three directors to the company’s board, to stand at...
http://www.chemweek.com/regions/north_america/us/Activist-hedge-fund-nominates-three-Omnova-directors_65996.html
December 9, 2014
Rivertop Renewables (Missoula, MT) announced today that it has begun construction of its first commercial plant located at DanChem Technologies, Inc.'s (DTI) facility at Danville, VA...
http://www.chemweek.com/regions/north_america/us/Rivertop-Renewables-announces-first-commercial-plant_65992.html
December 8, 2014
The New Zealand Superannuation Fund (NZ Super Fund) has made a $60-million equity investment in LanzaTech (Chicago) as part of a Series D round of funding that raised $112.6 for the...
http://www.chemweek.com/regions/north_america/us/New-Zealand-invests-$60-million-in-LanzaTech_65977.html
December 8, 2014
Monsanto says its agriculture analytics division Climate Corporation (San Francisco) has acquired 640 Labs, an agricultural technology startup based in Chicago. Financial terms were...
http://www.chemweek.com/regions/north_america/us/Monsanto-adds-Chicago-start-up-to-growing-precision-ag-portfolio_65976.html
December 8, 2014
Eastman Chemical announced on Friday that it had completed acquiring Taminco, a global specialty chemical company, for $2.80 billion in cash and assumed debt. The acquired Taminco...
http://www.chemweek.com/regions/north_america/us/Eastman-completes-acquisition-of-Taminco_65946.html
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