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October 10, 2014
Givaudan (Geneva), a leading flavors and fragrances company, says its sales reached 1.12 billion Swiss francs ($1.18 billion) in the third quarter of 2014 compared with SF1.09 billion...
http://www.chemweek.com/sections/business_finance/europe_mideast/Givaudan-reports-increase-in-sales-in-third-quarter-and-first-nine-months-sustained-volume-growth-in-all-markets_64448.html
October 10, 2014
German chemical industry association VCI (Frankfurt) has criticized the call for a day of action in protest against the Transatlantic Trade and Investment Partnership (TTIP), currently...
http://www.chemweek.com/sections/business_finance/usa_americas/VCI-calls-for-opponents-to-free-trade-agreements-to-play-a-constructive-role_64458.html
October 10, 2014
The use of fluorinated gases (F-gases) in the European Union has fallen for the third consecutive year, according to a report, Fluorinated greenhouse gases 2013, published by the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Fluorinated-gas-usage-in-the-European-Union-declines-for-third-consecutive-year-EEA-report_64451.html
October 10, 2014
The federal state of Hessen, Germany, has agreed with potash producer K+S (Kassel) on a four-step plan to permanently dispose of saline wastewater in the Werra and Upper Weser Rivers, to enable the rivers to regain freshwater quality....
http://www.chemweek.com/sections/business_finance/europe_mideast/K+S-must-invest-&euro400-million-to-dispose-of-wastewater_64380.html
October 10, 2014
Yara International, a leading producer of fertilizers, says that the company’s long-serving CEO, Jørgen Ole Haslestad, resigned on 1 October. Haslestad had been scheduled to retire on 1 February 2015. Yara announced recently that it is in talks to merge with CF Industries, but some analysts say that Yara is more likely to acquire CF Industries than merge with it....
http://www.chemweek.com/sections/business_finance/europe_mideast/Yara-appoints-acting-CEO-former-chief-not-right-to-lead-company_64381.html
October 10, 2014
Clariant has agreed to acquire healthcare packaging company VitaPac (Hong Kong). Financial details of the deal have not been disclosed. VitaPac, which was founded in 1995, generated...
http://www.chemweek.com/sections/business_finance/asia_pacific/Clariant-to-acquire-health-care-packaging-firm-VitaPac_64373.html
October 10, 2014
Nippon Shokubai has confirmed plans to expand superabsorbent polymers (SAP) production at the company’s Himeji, Japan, site. SAP capacity at the site will be increased by 50,000 m.t./year, to 370,000 m.t./year, and mechanical completion of the project is expected in June 2016....
http://www.chemweek.com/sections/business_finance/asia_pacific/Nippon-Shokubai-confirms-SAP-expansion-at-Himeji_64372.html
October 10, 2014
Agrium on 1 October said it expects third-quarter earnings to total 45–55 cts/share, roughly flat compared with the year-ago quarter. The company also says that fourth-quarter...
http://www.chemweek.com/sections/business_finance/usa_americas/Agrium-expects-third-quarter-earnings-to-be-flat_64407.html
October 10, 2014
Platform Specialty Products is in advanced talks to acquire Arysta Life Science (Dublin), a maker of agricultural chemical products, from private equity firm Permira Advisers (London)...
http://www.chemweek.com/sections/business_finance/usa_americas/Reports-Platform-in-advanced-talks-to-acquire-Arysta_64408.html
October 10, 2014
Solvay, the world’s leading producer of soda ash, has announced plans to invest in its plant at Devnya, Bulgaria, to improve energy efficiency....
http://www.chemweek.com/sections/business_finance/europe_mideast/Solvay-invests-in-soda-ash-plant-in-Bulgaria_64368.html
October 10, 2014
Toray Industries has held a ceremony to mark the completion of a new polyacrylonitrile (PAN) manufacturing plant at Lacq, France. The product is used as precursor in the production of...
http://www.chemweek.com/sections/business_finance/europe_mideast/Toray-commissions-carbon-fiber-precursor-plant-in-France_64369.html
October 10, 2014
EuroChem (Moscow), one of the world’s leading fertilizer companies, has announced plans to redomicile its headquarters to Zug, Switzerland. The change in corporate structure is...
http://www.chemweek.com/sections/business_finance/europe_mideast/EuroChem-to-move-HQ-to-Switzerland_64370.html
October 10, 2014
Showa Denko, citing the challenging business environment, has decided to dissolve its Showa Esterindo Indonesia (Jakarta) joint venture and terminate its production of ethyl acetate. Showa Esterindo Indonesia was established in 1997 to produce and sell ethyl acetate for the Southeast Asian market....
http://www.chemweek.com/sections/business_finance/asia_pacific/Showa-Denko-to-stop-ethyl-acetate-production-in-Indonesia_64371.html
October 10, 2014
Dow Chemical expects to have buyers for the Angus Chemical Co., sodium borohydride, and AgroFresh businesses by the end of the year, confirming reports that it would divest the businesses. The company also says it will acquire ExxonMobil Chemical’s share of Univation Technologies....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-sell-Angus-AgroFresh-and-borohydride-this-year_64409.html
October 10, 2014
Innospec has agreed to acquire Independence Oilfield Chemicals (IOC; Houston), a portfolio company of private equity firm CSL Capital Management (Greenwich, CT), for an initial $100...
http://www.chemweek.com/sections/business_finance/usa_americas/Innospec-to-acquire-US-oilfield-chemicals-firm-for-at-least-$100-million_64410.html
October 10, 2014
Rentech Nitrogen (Los Angeles), North America’s largest producer of synthetic granular ammonium sulfate (AS) fertilizer, has announced plans to restructure its unprofitable...
http://www.chemweek.com/sections/business_finance/usa_americas/Rentech-to-cut-jobs-and-output-at-Pasadena_64411.html
October 10, 2014
Huntsman plans to build a world-scale; 400,000-m.t./year methylene di-para-phenylene isocyanate (MDI) plant at its site at Geismar, LA....
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-plans-world-scale-MDI-plant-for-Geismar-LA_64412.html
October 10, 2014
Potash Ridge (Toronto) has entered into a nonbinding memorandum of understanding (MOU) with a third-party marketer for the sulfuric acid production from its Blawn Mountain project...
http://www.chemweek.com/sections/business_finance/usa_americas/Potash-Ridge-signs-sulfuric-acid-offtake-agreement_64413.html
October 10, 2014
Composites and coatings maker Reichhold Industries (Durham, NC) on 30 September filed for Chapter 11 bankruptcy protection in US Bankruptcy Court in the District of Delaware. As part...
http://www.chemweek.com/sections/business_finance/usa_americas/Reichhold-files-for-bankruptcy-may-sell-US-business_64414.html
October 10, 2014
Monsanto has narrowed its loss for its seasonally weak fourth quarter, but the results and its 2015 outlook trail estimates. The company reports a net loss of $156 million compared...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-thins-loss-outlook-falls-short_64427.html
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