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May 29, 2015
Evonik Industries says that it has started basic engineering for a precipitated silica production plant in the United States focusing on the rubber industry and especially the growing tire industry....
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-to-build-world-scale-precipitated-silica-plant-in-US_70778.html
May 29, 2015
Sabic has undergone a raft of changes recently. Chief among them are a reshuffle of the company’s top management, a reorganization of strategic business units (SBUs), and reduced profitability caused by cheaper oil, which dragged down petrochemical prices. Sabic, together with other Mideast petrochemical players, continues to face feedstock shortages for new domestic upstream investments. Consequently, it is looking to widen its downstream portfolio in Saudi Arabia and expand overseas....
http://www.chemweek.com/sections/business_finance/europe_mideast/Exclusive-Sabic-chemicals-boss-outlines-group-strategy_70730.html
May 29, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says that it has acquired a 60% stake in flavors and fragrances firm Sonarome (Bangalore, India) for a cash payment of $17.2 million....
http://www.chemweek.com/sections/business_finance/asia_pacific/Frutarom-buys-majority-stake-in-Indian-company_70731.html
May 29, 2015
Toray Industries says that its wholly owned subsidiary Toray Advanced Materials Korea (TAK; Seoul) has launched another tender offer to acquire the remaining shares in Toray Chemical...
http://www.chemweek.com/sections/business_finance/asia_pacific/Toray-to-buy-remaining-shares-in-former-Woongjin-Chemical_70732.html
May 29, 2015
Manali Petrochemicals (Chennai, India), a producer of propylene oxide, propylene glycols, and polyols, says that it plans to expand polyols production capacity from 50,000 m.t./year to...
http://www.chemweek.com/sections/business_finance/asia_pacific/Manali-Petrochemicals-to-expand-polyols-capacity_70733.html
May 29, 2015
PTT Global Chemical (PTTGC; Bangkok), Thailand’s largest producer of petrochemicals, has selected technologies for its $5.7-billion project at Dilles Bottom, OH. The company plans to use the Technip-owned Stone & Webster process in the project’s 1-million m.t./year shale ethane–based ethylene plant. PTTGC, meanwhile, says that it will use Ineos technology in the planned complex’s 700,000-m.t./year high-density polyethylene (HDPE) plant because the process can make products that fit the US market....
http://www.chemweek.com/sections/business_finance/usa_americas/PTTGC-selects-technologies-for-US-project_70779.html
May 29, 2015
Specialty chemical company KMCO (Crosby, TX) says it has appointed former Solvay executive John Foley as president and CEO. Foley will be responsible for leading the KMCO- and KMTEX...
http://www.chemweek.com/sections/business_finance/usa_americas/KMCO-names-former-Solvay-exec-CEO_70780.html
May 29, 2015
First-quarter M&A activity in chemicals nearly doubled from year-ago levels, to $15 billion in equity value in 2015 from $7.6 billion in 2014, according to data compiled by Young and Partners (Y&P; New York), an investment bank....
http://www.chemweek.com/sections/business_finance/usa_americas/First-quarter-chemicals-M-and-A-deal-value-nearly-doubled_70809.html
May 29, 2015
Perstorp has officially opened its Valerox plant, a state-of-the-art oxo alcohols production unit at Stenungsund, Sweden....
http://www.chemweek.com/sections/business_finance/europe_mideast/Perstorp-inaugurates-major-oxo-alcohol-plant-in-Sweden_70762.html
May 29, 2015
US chemical production was flat in April, but gains in the Chemical Activity Barometer (CAB) suggest increased business activity will continue into 2016, ACC says. According to...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-says-US-chemical-output-flat-in-April_70811.html
May 29, 2015
US Gulf Coast refinery and petrochemical production has not been majorly impacted from widespread flooding across Texas and Oklahoma as of 28 May, according to market participants. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Flooding-does-not-impact-US-petchem-production_70812.html
May 29, 2015
Williams Partners’ confirmed late on 21 May that ethylene production at its Geismar, LA, olefins plant has been temporarily affected and customers have been notified that their...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-ethylene-production-affected-by-power-outage_70813.html
May 29, 2015
Biopolymers firm Metabolix (Cambridge, MA) has announced a one-for-six reverse stock split intended to increase price of its common stock and allow it to maintain the listing of its...
http://www.chemweek.com/sections/business_finance/usa_americas/Metabolix-announces-1-for-6-reverse-stock-split_70814.html
May 29, 2015
House Energy and Commerce Committee leaders have formally introduced bipartisan legislation to reform the Toxic Substances Control Act (TSCA) to help improve chemical safety and management....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemical-management-reform-bill-introduced-in-House_70815.html
May 29, 2015
PotashCorp CEO Jochen Tilk says that the company will continue to review whether to retain its shareholdings in fellow potash producers SQM (Santiago) and Israel Chemicals Ltd. (ICL; Tel Aviv). Speaking at the BMO investor conference, held recently in New York, Tilk said that PotashCorp considers its stakes in fertilizer companies Sinofert Holdings (Beijing) and Arab Potash Co. (Amman) to be “strategic” but that it continues to review the other two holdings....
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-reviewing-stakes-in-SQM-Israel-Chemicals-Ltd-_70816.html
May 28, 2015
The majority of biotechnology companies in Germany expect an improvement in business during the second half of this year, according to the latest survey conducted by the German...
http://www.chemweek.com/sections/business_finance/europe_mideast/DIB-survey-Germanys-biotech-industry-anticipates-slight-improvement-in-2015_70738.html
May 26, 2015
Speculation is growing that Monsanto could soon return with a sweetened offer to acquire Syngenta, following the Swiss company’s rejection earlier this month of an initial offer worth just over $45 billion....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-would-sell-Syngenta-seeds-to-gain-antitrust-okay_70583.html
May 25, 2015
The European Food Safety Authority (EFSA; Parma, Italy) has issued a call for additional information on in support of its efforts to evaluate the risks posed to bee by certain...
http://www.chemweek.com/sections/business_finance/europe_mideast/EFSA-requests-new-information-on-the-risk-to-bees-of-three-neonicotinoids_70658.html
May 22, 2015
The committee of independent companies of Germany’s chemical trade association VCI (Frankfurt) has proposed a so-called Mittelstandsmemorandum on TTIP, the Transatlantic Trade...
http://www.chemweek.com/sections/business_finance/usa_americas/VCI-calls-on-the-Mittelstand-to-support-TTIP_70636.html
May 22, 2015
Cefic and the American Chamber of Commerce to the European Union (AmCham EU; Brussels) recently hosted a joint event on the Transatlantic Trade and Investment Partnership (TTIP), the...
http://www.chemweek.com/sections/business_finance/usa_americas/Cefic-EU-US-industry-need-to-speak-up-in-support-of-TTIP_70573.html
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