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September 28, 2015
Trinseo (Berwyn, PA) says it will close its styrene butadiene latex plant in Gales Ferry, CT, at the end of 2015 as part of a program to reduce costs in the business by a $5-million...
http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-to-close-SB-latex-plant-at-Gales-Ferry-by-year-end_73979.html
September 28, 2015
Mosaic says it will reduce potash production by extending maintenance downtime at the company’s Colonsay, SK, mine and maintain planned slower production in its phosphates business. The decision responds to current crop nutrient market conditions primarily related to delayed fertilizer purchases in Brazil and North America....
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-to-reduce-fertilizer-production-as-markets-soften_73980.html
September 28, 2015
FMC has signed a definitive agreement to sell Consagro Agroquimica, its Brazilian generic crop protection distribution and sales subsidiary, to Albaugh (Ankeny, IA). Financial terms...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-sells-Brazil-generic-crop-protection-distribution-business_73981.html
September 28, 2015
California regulators have published a notice of intent to list glyphosate as a carcinogen under the state’s Proposition 65 (Prop 65) law. California’s Office of...
http://www.chemweek.com/sections/business_finance/usa_americas/California-moves-to-list-glyphosate-as-a-carcinogen-under-Prop-65_73982.html
September 28, 2015
BP says it will permanently shut down an idle para -xylene ( p -xylene) unit at its Texas City, TX, facility. BP also plans to lay off up to 38 staff, according the United Steelworkers...
http://www.chemweek.com/sections/business_finance/usa_americas/BP-to-close-idled-para-xylene-plant-at-Texas-City-lay-off-staff_73983.html
September 28, 2015
Flavors and fragrances company Symrise (Holzminden, Germany) says that it is acquiring Pinova Holdings (Brunswick, GA) for $397 million. The acquisition includes the operational companies Pinova and Renessenz....
http://www.chemweek.com/sections/business_finance/usa_americas/Symrise-buys-Pinova-Holdings-for-almost-$400-million_73984.html
September 28, 2015
Emery Oleochemicals has opened a $50-million polyols plant at Cincinnati designed to use renewable raw materials and recycled content as feedstock. The plant, where construction...
http://www.chemweek.com/sections/business_finance/usa_americas/Emery-Oleo-commissions-polyols-plant-at-Cincinnati_73985.html
September 28, 2015
Sociedad QuĂ­mica y Minera de Chile (SQM; Santiago) is halting mining activities at its Pedro de Valdivia site, located in the second region of Chile, within two months. The facility...
http://www.chemweek.com/sections/business_finance/usa_americas/SQM-restructures-nitrates-iodine-production-in-Chile_73986.html
September 28, 2015
Some $22 billion of chemical M&A deals over $25 million were completed in the first half of 2015, up 51% year-on-year (YOY), according to data compiled by Young & Partners...
http://www.chemweek.com/sections/business_finance/usa_americas/Banker-Chemicals-M-and-A-activity-rising-YOY_73987.html
September 28, 2015
Lanxess, the world’s largest producer of synthetic rubber, has agreed with Saudi Aramco to establish a joint venture for Lanxess’s synthetic rubber business....
http://www.chemweek.com/sections/business_finance/europe_mideast/Aramco-will-be-Lanxesss-synthetic-rubber-JV-partner_73989.html
September 28, 2015
Bayer, after economically and legally separating Covestro (Leverkusen), formerly Bayer MaterialScience, is realigning its structure as a life science company. As of 1 January 2016, the...
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-reorganizes-new-board-members-appointed_73990.html
September 28, 2015
Covestro (Leverkusen), formerly Bayer MaterialScience, has scheduled its previously announced stock market flotation for the beginning of October. The company will offer, by way of a capital increase, between 70.4 million and 94.3 million new shares at an issue price between €26.50/share ($29.73) and €35.50/share....
http://www.chemweek.com/sections/business_finance/europe_mideast/Covestro-to-raise-&euro2-5-billion-from-IPO-to-repay-Bayer-debt_73991.html
September 28, 2015
Brenntag says that it has signed an agreement to acquire TAT Group (Singapore), a distributor of industrial chemicals. The acquired company’s facilities in Singapore cover supply-chain requirements and services including blending, packaging, storage, and logistics....
http://www.chemweek.com/sections/business_finance/asia_pacific/Brenntag-to-acquire-Singapore-based-chemicals-distributor_73992.html
September 28, 2015
Ube Industries says that it will expand its production capacity for lithium-ion (Li-ion) battery separators by rebuilding existing facilities at its production complex at Ube, Japan...
http://www.chemweek.com/sections/business_finance/asia_pacific/Ube-to-expand-capacity-for-Li-ion-battery-separators-in-Japan_73993.html
September 28, 2015
The Indian government is planning to change its policy on petroleum, chemicals, and petrochemical investment regions (PCPIRs), and the revised policy is expected to be formulated over...
http://www.chemweek.com/sections/business_finance/asia_pacific/India-to-change-petro­chemical-hubs-policy_73994.html
October 7, 2015
Flavors and fragrances company Symrise (Holzminden, Germany) has opened a plant for cosmetic ingredients at its Holzminden site. The plant, which cost €15 million ($16.8 million)...
http://www.chemweek.com/sections/business_finance/europe_mideast/Symrise-completes-cosmetic-ingredients-plant-in-Germany_73919.html
September 25, 2015
On the eve of the fourth session of the International Conference on Chemicals Management (ICCM), scheduling to commence in Geneva on 28 September, the International Council of Chemical...
http://www.chemweek.com/sections/business_finance/usa_americas/ICCA-reviews-progress-on-SAICM-Responsible-Care_73921.html
September 23, 2015
Corbion Purac (Gorinchem, Netherlands) says it has strengthened its position in India with the acquisition of the lactic acid business of Malladi Specialties Ltd. (MSL; Chennai...
http://www.chemweek.com/sections/business_finance/europe_mideast/Corbion-Purac-acquires-Indian-lactic-acid-business_73843.html
September 23, 2015
Corbion (Gorinchem, Netherlands) has announced that chief technology officer (CTO) Sven Thormählen is leaving the company for personal reasons. Thormählen’s resignation...
http://www.chemweek.com/sections/business_finance/europe_mideast/Corbions-CTO-leaves_73842.html
September 23, 2015
ACC’s specialty chemicals market volume index rose by 0.3% on a three-month moving average (3MMA) basis in August, following a 0.1% gain in July. The overall specialty chemicals...
http://www.chemweek.com/sections/business_finance/usa_americas/US-specialty-chemicals-stable-but-oilfield-chemicals-decline_73824.html
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