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April 14, 2014
Polyethylene (PE) demand increased worldwide from 66.1 million m.t./year in 2008, to about 82 million m.t./year in 2013, despite a global recession that suppressed demand in 2008-09...
http://www.chemweek.com/regions/north_america/us/IHS-WPC-2014-Worldwide-PE-demand-to-continue-growing_59931.html
April 11, 2014
Koch Industries and the private equity arm of Goldman Sachs have agreed to acquire printing inks maker Flint Group (Luxembourg) from CVC Capital Partners (London). Flint is the second-largest global producer of printing inks after DIC (Tokyo). Flint revenues for 2013 were €2.2 billion ($2.9 billion). Terms of the sale were not disclosed but sources say the price was close to Flint's 2013 revenues, $2.9 billion, and that the equity contribution of both Goldman and Koch will be roughly equal....
http://www.chemweek.com/regions/north_america/us/Goldman-Sachs-Koch-Industries-partner-to-acquire-Flint-Group-updated_60231.html
April 11, 2014
Stalwart Tankers (Athens) has postponed plans to list shares in the United States owing to "market conditions," a Reuters report says. The company filed in February this year...
http://www.chemweek.com/regions/north_america/us/Chemical-shipping-firm-postpones-IPO_60254.html
April 11, 2014
Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital...
http://www.chemweek.com/regions/north_america/us/Shareholder-advisory-firm-weighs-in-against-Sensient-dissidents_60255.html
April 10, 2014
Compass Minerals reported stronger first-quarter volumes for deicing products due to severe winter in North America. Compass Minerals says highway deicing sales...
http://www.chemweek.com/regions/north_america/us/Compass-Minerals-first-quarter-deicing-volumes-up-on-heavy-winter-weather_60246.html
April 10, 2014
Airgas says that Thomas Stringer has been named president/merchant gases, effective immediately. Stringer will lead all aspects of merchant gases and will report to Thomas Thoman...
http://www.chemweek.com/regions/north_america/us/Airgas-appoints-president-of-merchant-gases-business_60223.html
April 9, 2014
Paints and coatings makers are feeling increasingly optimistic about business prospects for 2014, as the rebounding construction market drives demand for architectural coatings and raw...
http://www.chemweek.com/regions/north_america/us/ACS-2014-Optimism-rising-in-the-coatings-industry_60219.html
April 9, 2014
KBR (Houston) says that it has opened a new office at Dunbar, WV, dedicated to executing DuPont Engineering capital projects. KBR’s hydrocarbons business group, in January...
http://www.chemweek.com/regions/north_america/us/KBR-opens-office-in-WV-to-execute-DuPont-projects_60202.html
April 8, 2014
BioConsortia (Davis, CA), an agricultural biotechnology company that discovers and develops microbial consortia for crop improvement, has raised $15 million in its Series B funding...
http://www.chemweek.com/regions/north_america/us/Agbiotech-firm-BioConsortia-raises-$15-million-in-funding_60196.html
April 8, 2014
Research and development (R&D) in the paints and coatings industry is being driven by a variety of issues, chief among energy efficiency and the development of new substrates in...
http://www.chemweek.com/regions/north_america/us/ACS-2014-Energy-issues-new-substrates-key-drivers-for-coatings-R-and-D_60195.html
April 8, 2014
The American Chemistry Council’s (ACC) plastics division today released an updated roadmap for the development of plastics and composites that will help automakers increase fuel efficiency by reducing vehicle weight....
http://www.chemweek.com/regions/north_america/us/ACC-releases-updated-roadmap-for-auto-plastics-and-composites_60193.html
April 8, 2014
Linde’s North American subsidiary has completed construction of a 575-m.t./day nitrogen liquefier at its Delta, OH air separation plant to support increased demand in the Ohio...
http://www.chemweek.com/regions/north_america/us/Linde-brings-on-nitrogen-liquefier-at-Ohio-plant_60194.html
April 8, 2014
Sensient Technologies announced today that it has named Sam Lteif president of its flavors business. Lteif joins the company, effective 7 April, after 14 years at PepsiCo. Lteif has 23...
http://www.chemweek.com/regions/north_america/us/Sensient-names-flavors-president_60179.html
April 8, 2014
A. Schulman announced today that its board has authorized the repurchase up to $55 million of its common stock. Purchases will take place over a three-year period, ending on 2 April...
http://www.chemweek.com/regions/north_america/us/A-Schulman-announces-$55-million-share-repurchase-program_60178.html
April 8, 2014
A. Schulman today reported net income of $7 million for the fiscal quarter ended 28 February, down 41% year-on-year (YOY), but adjusted results topped estimates. Schulman says income from continuing operations excluding certain items was $11.3 million, a 39% improvement over the prior-year quarter. Adjusted earnings were 39 cts/share, 18% above analyst estimates as compiled by Thomson Reuters. Net sales of $588 million grew 15% YOY, partially due to strength in European demand....
http://www.chemweek.com/regions/north_america/us/A-Schulman-earnings-up-on-European-strength-raises-full-year-guidance_60168.html
April 8, 2014
Ashland’s specialty ingredients unit has completed a 13,000 sq-ft expansion of its Macon, GA facility—moving its Nuosept biocides production line from Leaside, ON to the...
http://www.chemweek.com/regions/north_america/us/Ashland-completes-Georgia-biocide-plant-expansion_60181.html
April 7, 2014
Lubrizol says that it has broken ground on a previously announced new TempRite chlorinated polyvinyl chloride (CPVC) compounding plant at Dahej, India. The groundbreaking ceremony was...
http://www.chemweek.com/regions/north_america/us/Lubrizol-breaks-ground-on-chlorinated-PVC-compounding-plant-in-India_60138.html
April 7, 2014
Energy group Anadarko Petroleum Corp. (The Woodlands, TX) said on Thursday that it has entered into an agreement to resolve the long running Tronox pollution proceedings brought...
http://www.chemweek.com/regions/north_america/us/Anadarko-settles-Tronox-clean-up-case-for-$5-2-billion_60112.html
April 7, 2014
LSB Industries (LSB; Oklahoma City, OK) has announced plans to include representatives of activist investor Starboard Value on both its board and a strategic committee to be created later this year. Engine Capital, another activist investor, has expressed approval for the plan and withdrawn its own proposal for changing the board’s composition....
http://www.chemweek.com/regions/north_america/us/LSB-Industries-to-make-board-changes-create-committee_60119.html
April 7, 2014
Cheniere Energy (Houston) has signed an agreement with Endesa (Madrid), the largest electric utility company in Spain, to provide approximately 750,000 m.t./year of liquefied natural...
http://www.chemweek.com/regions/north_america/us/Cheniere-signs-LNG-agreement-with-Spanish-utility_60152.html
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