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June 15, 2015
Praxair has signed two separate long-term contracts for the supply of industrial gases in India: with agricultural chemical company UPL (Mumbai), formerly United Phosphorus Ltd., for...
http://www.chemweek.com/sections/business_finance/asia_pacific/Praxair-agrees-to-supply-gases-to-agchem-steel-firms-in-India_71204.html
June 15, 2015
AkzoNobel says that it will invest more than €30 million ($33.9 million) to build a manufacturing facility in Thailand to support the regional growth of the company’s performance coatings business....
http://www.chemweek.com/sections/business_finance/asia_pacific/AkzoNobel-to-build-performance-coatings-facility-in-Thailand_71205.html
June 15, 2015
The petrochemical businesses of state-owned energy companies in India report mixed results for their fiscal fourth quarters, ended 31 March. The petrochemicals business of Indian Oil...
http://www.chemweek.com/sections/business_finance/asia_pacific/Gail-Indian-Oil-petchem-units-report-mixed-results_71206.html
June 15, 2015
DuPont said 5 June that shareholders will receive one share of Chemours common stock for every five shares of DuPont held, payable on 1 July. Chemours shares will be distributed to DuPont stockholders of record as of 5 pm on 23 June....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-sets-final-terms-of-Chemours-July-spin-off_71257.html
June 15, 2015
Innospec has agreed to divest its aroma chemicals unit to a business group of Emerald Performance Materials (Cuyahoga Falls, OH) for about $40.5 million, less assumed debt. The aroma...
http://www.chemweek.com/sections/business_finance/usa_americas/Innospec-to-sell-aroma-chems-to-Emerald-for-$40-5-million_71258.html
June 15, 2015
Molycorp, the sole US-based maker of rare earth oxides, is preparing to file for bankruptcy, according to a report in the Wall Street Journal. The company had $1.7 billion in debt and...
http://www.chemweek.com/sections/business_finance/usa_americas/Rare-earths-miner-Molycorp-on-verge-of-bankruptcy_71259.html
June 15, 2015
International Flavors & Fragrances (IFF) made a binding €283-million ($317 million) offer for Lucas Meyer Cosmetics (Quebec City), a subsidiary of Unipex Group (Paris). The transaction, which will be funded from existing resources, is expected to add revenues of about €40 million on an annualized basis, IFF says....
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-expands-into-cosmetics-with-Lucas-Meyer-purchase_71261.html
June 15, 2015
Omnova Solutions is shutting down styrene butadiene (SB) latex production at its facilities in Calhoun, GA and Mogadore, OH, as part of a cost-cutting program expected to save the...
http://www.chemweek.com/sections/business_finance/usa_americas/Omnova-to-shutter-SB-latex-production-in-Georgia-Ohio_71262.html
June 15, 2015
Sid Richardson Carbon and Energy (SRCE; Fort Worth, TX) is planning the construction of a carbon black production facility in Mexico, with start-up slated for 2017. Sid Richardson has not identified the specific location nor the cost of the project, which would be the company’s first production plant outside the United States....
http://www.chemweek.com/sections/business_finance/usa_americas/Sid-Richardson-to-build-carbon-black-plant-in-Mexico_71263.html
June 15, 2015
Private equity firm Apollo Management (New York) says has agreed to acquire OM Group for about $1.03 billion, or $34/share....
http://www.chemweek.com/sections/business_finance/usa_americas/Apollo-to-acquire-OM-Group-for-$1-03-billion_71269.html
June 15, 2015
TPC Group (Houston) says that chairman and CEO Michael McDonnell will resign from the company, effective 15 June. Miguel Desdin, senior v.p. and CFO of TPC, has been appointed interim...
http://www.chemweek.com/sections/business_finance/usa_americas/TPC-Group-CEO-steps-down_71270.html
June 15, 2015
Despite some macroeconomic pressures, US chemicals volumes are expected to rise 3.2% year-on-year (YOY) for all of 2015, according to ACC’s mid-year economic outlook report. US...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-says-US-chemical-volumes-are-set-to-rise-by-3-2-percent-in-2015_71271.html
June 15, 2015
Legislation to reform of the Toxic Substances Control Act (TSCA) continue to advance in Congress with ACC president and CEO Cal Dooley expressing strong confidence that chemicals management reform will be signed into law by the end of 2015....
http://www.chemweek.com/sections/business_finance/usa_americas/Momentum-continues-to-build-on-TSCA-reform_71272.html
June 15, 2015
Williams Partners’ achieved on-spec ethylene last week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said that the restart...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-restarts-production-at-Geisar-cracker_71273.html
June 15, 2015
Westlake Chemical Partners (WLKP) says regulations proposed last month by the IRS would unfairly affect its shareholders and those of Westlake Chemical (WLK) by reversing a...
http://www.chemweek.com/sections/business_finance/usa_americas/Westlake-says-IRS-reversal-on-MLPs-unfair-to-shareholders_71260.html
June 12, 2015
Thomas Swan (Consett, UK) has announced today that it has expanded its product portfolio of two-dimensional (2D) materials to include some not based on carbon. The company says it will...
http://www.chemweek.com/sections/business_finance/europe_mideast/Thomas-Swan-extends-portfolio-to-include-non-carbon-two-dimensional-materials_71228.html
June 12, 2015
Williams Partners' has achieved on-spec ethylene this week at its Geismar, LA, olefins plant, according to market participants. A source close to the company said last week that the...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-Geismar-unit-achieves-on-spec-ethylene_71202.html
June 11, 2015
“Together for everything” is the motto of an information campaign that has been initiated by Germany’s energy-intensive companies, the energy sector, and the IG BCE...
http://www.chemweek.com/sections/business_finance/europe_mideast/Germanys-energy-sector-starts-information-campaign-on-the-Energiewende_71174.html
June 11, 2015
Biological chemistry firm METabolic EXplorer (Metex; Clermont-Ferrand, France) says it has today signed a joint development agreement with UPM (Helsinki) to develop a process for...
http://www.chemweek.com/sections/business_finance/europe_mideast/Metex-signs-agreement-with-UPM-for-production-of-MPG-from-cellulosic-sugars_71167.html
June 10, 2015
Renewable chemicals maker BioAmber (Minneapolis) says that the construction of its biosuccinic acid (BSA) plant at Sarnia, ON, is “substantially complete.” Commissioning is...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-Biosuccinic-acid-plant-at-Sarnia-substantially-complete_71148.html
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