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October 31, 2014
BASF says its BASF Venture Capital subsidiary has invested $1.5 million in SLIPS Technolgies (Cambridge, MA), part of a $3 million series A financing. Swiss entrepreneur and private...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-invests-$1-5-million-in-SLIPS-Technologies-signs-joint-development-agreement_64890.html
October 31, 2014
BASF says that it will expand the capacity of its production plant for <i>tert</i> -butylamine at the Nanjing Chemical Industry Park, in China....
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-to-expand-tert-butylamine-capacity-at-Nanjing_64953.html
October 31, 2014
National Titanium Dioxide Co. (Cristal; Jeddah, Saudi Arabia) says that it has agreed to acquire the titanium dioxide (TiO2) assets of Jiangxi Tikon Titanium Co. (Fuzhou, China)...
http://www.chemweek.com/sections/business_finance/asia_pacific/Tasnee-subsidiary-Cristal-to-acquire-TiO2-assets-in-China_64954.html
October 31, 2014
ACC’s monthly chemical activity barometer (CAB) decreased 0.1% over October measured on a three-month moving average (3MMA) basis. However, despite the decline, ACC says the CAB...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-chemical-activity-barometer-falls-in-October_64952.html
October 31, 2014
BASF will not achieve its ambitious financial targets for 2015 of €80 billion ($101.6 billion) in sales and €14 billion in Ebitda because growth rates for GDP, as well as for industrial and chemical production in 2010–15, will be lower than originally expected....
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-lowers-2015-targets-in-challenging-environment_64941.html
October 31, 2014
Ineos is bidding for more shale gas licenses in the United Kingdom in addition to the two licenses the company has acquired to explore for shale gas in the country, says Tom Crotty, group director at Ineos....
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-ups-the-ante-on-UK-shale-gas-exploration_64942.html
October 31, 2014
The European Council, the institution of the heads of states and governments of the member states of the European Union, has agreed on a 2030 climate and energy policy framework....
http://www.chemweek.com/sections/business_finance/europe_mideast/EU-leaders-set-ambitious-climate-energy-goals-for-2030_64943.html
October 31, 2014
Polymer resins producer Nuplex Industries (Auckland) says that it has agreed to sell its agency and distribution business, Nuplex Specialties; and its plastic additives business, Nuplex Masterbatch, to Axieo (Sydney) for A$127.5 million ($113 million)....
http://www.chemweek.com/sections/business_finance/asia_pacific/Nuplex-sells-distribution-masterbatch-businesses_64956.html
October 31, 2014
Sasol has decided to proceed with an $8.1-billion ethane cracker and derivatives project at the company’s Lake Charles, LA, site....
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-greenlights-$8-1-billion-Louisiana-investment_64985.html
October 31, 2014
Westlake has held a dedication ceremony to celebrate the expansion of the company’s Calvert City, KY, vinyls complex. Westlake spent in excess of $300 million for the project...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-dedicates-ethylene-PVC-expansions-in-Kentucky_64986.html
October 31, 2014
DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-makes-its-case-against-further-breakup_64988.html
October 31, 2014
Fertilizer producers report mixed results in the third quarter, with potash markets generally weak. Phosphate markets, meanwhile, have been strong for the major producers, while supply...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-producers-report-mixed-third-quarter-results_64993.html
October 31, 2014
Specialty chemical companies that reported in late October mostly beat analysts’ earnings expectations. Most firms report increased sales, although volumes did vary by end...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mostly-beat-estimates-despite-challenges_64994.html
October 30, 2014
Tessenderlo Group (Brussels) says it sales in the third quarter 2014 were €338.7 million ($431 million), compared with €415.1 million for the corresponding period a year ago...
http://www.chemweek.com/sections/business_finance/Tessenderlo-increases-sales-and-profit-in-third-quarter_64940.html
October 30, 2014
Sika (Baar, Switzerland) says it has achieved sales growth of 11.7% in the third quarter of 2014. All regions reported double‚Äźdigit sales increases in local currency, the company...
http://www.chemweek.com/sections/business_finance/Sika-sales-grow-11-7-percent-in-third-quarter-with-an-above-average-rise-in-net-profit_64939.html
October 30, 2014
Cosmetic products in which the final formulation, ingredients in a final formulation, or a finished product, have been subject to animal testing may not be placed on the market...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-ECHA-clarify-testing-requirements-of-Reach-cosmetics-regulation_64951.html
October 29, 2014
Karlsruhe Institute of Technology (KIT; Karlsruhe, Germany) and Deutsche Nanoschicht (Rheinbach, Germany) have announced that they are to establish joint laboratory at KIT's Institute...
http://www.chemweek.com/sections/business_finance/europe_mideast/KIT-Deutsche-Nanoschicht-establish-joint-laboratory-for-superconducting-thin-films_64885.html
October 28, 2014
The European Chemicals Agency (ECHA; Helsinki) has opened public consultations on dichlofluanid and salicylic acid under the harmonised classification and labelling (CLH) regulation...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-opens-public-consultation-on-dichlofluanid-and-salicylic-acid-under-CLH_64858.html
October 28, 2014
The European Commission, supported by the European Environment Agency (EEA; Copenhagen) has today released its annual progress report. Greenhouse gas (GHG) emissions in the European...
http://www.chemweek.com/sections/business_finance/europe_mideast/Climate-energy-progress-report-Europe-on-track-for-2020-targets-but-"bigger-push-needed-for-2030"_64849.html
October 27, 2014
Germany’s chemical industry association VCI (Frankfurt) is calling on European member states not to follow the plans of the European Commission for new and tougher rules within...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-Europe-should-implement-existing-waste-legislation-rather-than-develop-new-tougher-rules_64808.html
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