IHS Chemical Week

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May 13, 2014
FMC announced today that it has broken ground on a blending facility for natural colors at its Newark, DE manufacturing site. The company produces natural colors in Santiago, Chile and...
http://www.chemweek.com/regions/north_america/us/FMC-to-expand-Delaware-site-with-natural-colors-blending-facility_61050.html
May 13, 2014
OCI Partners (Nederland, TX) reports net income of $29 million for the first quarter, down 36% year-on-year (YOY) on unplanned outages. Sales totaled $100 million, down 11% YOY. The company says it will issue a cash distribution of 41 cts/share....
http://www.chemweek.com/regions/north_america/us/OCI-Partners-first-quarter-income-down-36-percent-on-outages_61042.html
May 13, 2014
Invista has obtained a permanent injunction to prevent US-based subsidiaries of Mossi & Ghisolfi Group (M&G; Tortona, Italy) from manufacturing or selling PoliProtect APB and PoliProtect JB resins in or from the United States....
http://www.chemweek.com/regions/north_america/us/Invista-wins-permanent-injunction-against-M-and-Gs-PoliProtect_61040.html
May 13, 2014
Rentech Nitrogen Partners (Los Angeles) reports net income for the first quarter of $3.1 million, down 79% year-on-year (YOY). Earnings per share totaled 8 cts, well above analysts’ consensus estimate of 0 cts, as compiled by Thomson Reuters. Sales totaled $56.3 million, down 5.5% YOY, since a gain at Rentech’s Pasadena, TX, facility was offset by a decline at its East Dubuque, IL, facility....
http://www.chemweek.com/regions/north_america/us/Low-prices-drive-down-Rentech-Nitrogens-earnings_61033.html
May 12, 2014
Innospec today announced plans to launch a share buyback worth up to $20 million, which will occur on the open market and does not have an end date. "Having instituted a regular...
http://www.chemweek.com/regions/north_america/us/Innospec-launches-$20-million-share-buyback_61010.html
May 12, 2014
Otsuka Chemical says it has established a US subsidiary to build a manufacturing plant at Griffin, GA, to produce the company’s fiber-free potassium titanate product line. The...
http://www.chemweek.com/regions/north_america/us/Otsuka-Chemical-establishes-US-subsidiary-for-fiber-free-potassium-titanate-manufacture_60998.html
May 12, 2014
Private Equity firm Huron Capital Partners (Detroit) has cofounded Valentus Specialty Chemicals, an acquisition platform, Huron says. The company is joining forces with industry...
http://www.chemweek.com/regions/north_america/us/Huron-Capital-launches-specialty-chemicals-acquisition-platform_60996.html
May 12, 2014
Milliken (Spartanburg, SC) says it has acquired Westex (Chicago), strengthening Milliken's flame-resistant (FR) fabrics portfolio. Financial details of the transaction have not been...
http://www.chemweek.com/regions/north_america/us/Milliken-acquires-flame-resistant-fabrics-firm_60992.html
May 12, 2014
Anellotech (Pearl River, NY), a technology-based company focused on production of low-cost, green petrochemicals, is making available kilogram-scale quantities of green benzene...
http://www.chemweek.com/regions/north_america/us/US-start-up-produces-biobased-BTX-at-kilogram-scale_60991.html
May 10, 2014
Merck KGaA (Darmstadt, Germany) plans to invest €100 million ($137.6 million) this year in biosimilars, a new business being developed by its Merck Serono unit. In addition, Merck...
http://www.chemweek.com/regions/north_america/us/Merck-KGaA-to-invest-in-biosimilars-eyes-pharma-acquisitions_60979.html
May 10, 2014
SGL Automotive Carbon Fibers and BMW Group said on Friday that they intend to invest $200 million to triple carbon fiber capacity at their Moses Lake, WA plant, to cope with high...
http://www.chemweek.com/regions/north_america/us/BMW-and-SGL-Group-to-triple-carbon-fiber-capacity-at-Moses-Lake-plant_60978.html
May 9, 2014
Minerals Technologies today announced it has completed the acquisition of bentonite maker Amcol (Hoffman Estates, IL) for $1.7 billion, or $45.75/share. The deal was announced in March...
http://www.chemweek.com/regions/north_america/us/Minerals-Technologies-completes-Amcol-acquisition_60969.html
May 9, 2014
Agrium announced today that it has entered into a definitive agreement with Koch Agronomic Services, LLC, an affiliate of Koch Fertilizer, LLC, to sell its Turf and Ornamental business...
http://www.chemweek.com/regions/north_america/us/Agrium-to-sell-turf-and-ornamental-business-to-Koch-Agronomic-Services_60967.html
May 9, 2014
Invista (Wichita, KS) has introduced the first commercially available biobased spandex fiber, the company has announced. Approximately 70% of the weight of the new biobased spandex...
http://www.chemweek.com/regions/north_america/us/Invista-introduces-first-biobased-spandex-fiber_60963.html
May 8, 2014
ExxonMobil reports first-quarter earnings for its chemical segment of $1.047 billion, down 7.9% year-over-year (YOY) from $1.137 billion....
http://www.chemweek.com/regions/north_america/us/ExxonMobil-chemical-earnings-down-7-9-percent-on-weaker-margins_60730.html
May 8, 2014
Tronox reports a first quarter net loss of $58 million, versus a year-ago loss of $51 million, as improved pigment sales were offset by weaker results in the mineral sands segment. The 51 cent loss per share fell well below the analysts’ consensus estimate of a 27 cent loss per share. Net sales totaled $418 million, down 11% year-over-year....
http://www.chemweek.com/regions/north_america/us/Tronox-earnings-down-on-weak-mineral-sands-but-pigments-improve_60901.html
May 8, 2014
Calgon Carbon today reported first-quarter net earnings that were flat year-on-year (YOY), at $9.8 million, or 18 cts/share, while sales were down 2.6%, to $131.6 million. Earnings...
http://www.chemweek.com/regions/north_america/us/Calgon-Carbon-earnings-match-estimates-despite-lower-sales_60904.html
May 8, 2014
Celanese says that Steven Sterin has resigned as the company's CFO, effective 6 May. Chris Jensen, senior v.p./finance and chief accounting officer, will serve as the company’s interim CFO....
http://www.chemweek.com/regions/north_america/us/Celanese-announces-CFO-departure_60900.html
May 8, 2014
Codexis (Redwood City, CA), a developer of biocatalysts for the pharmaceutical and fine chemical industries, reports a net loss of $6.37 million in the first quarter of 2014 compared...
http://www.chemweek.com/regions/north_america/us/Codexis-narrows-loss_60892.html
May 8, 2014
BASF and Yara have selected BASF’s Freeport, TX site to build their previously announced ammonia plant. The proposed plant will be designed to produce 750,000 m.t./year of...
http://www.chemweek.com/regions/north_america/us/BASF-and-Yara-select-Freeport-TX-site-for-ammonia-production-joint-venture_60891.html
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