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April 25, 2014
PotashCorp reports first-quarter net income of $340 million, down 38% year-on-year (YOY). Earnings were 40 cts/share, above analyst estimates of 35 cts/share, according to Thomson...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-reports-earnings-drop-raises-full-year-guidance_60578.html
April 25, 2014
Specialty chemical earnings have mostly beat estimates on volume gains. Bad weather hurt W.R. Grace’s results, although the company beat analysts’ expectations. 3M’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-solid-across-various-end-markets_60579.html
April 25, 2014
BASF says it is "implementing a series of measures" within its nutrition and health division, aimed at strengthening the competitiveness of its performance products segment...
http://www.chemweek.com/sections/business_finance/europe_mideast/BASF-restructures-nutrition-and-health-260-jobs-to-go-by-end-of-2015_60602.html
April 25, 2014
The Chlorine Institute (CI) and ACC have asked the US District Court for the District of Minnesota to prevent Canadian Pacific Railway (CP) from imposing a restrictive new requirement...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-Chlorine-Institute-sue-to-stop-railroad-from-imposing-shipping-restrictions_60549.html
April 25, 2014
ACC on 22 April said its April monthly chemical activity barometer (CAB) reached its highest level since March 2008. On a three-month moving average basis, the April CAB grew 0.5% over...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-CAB-at-highest-level-since-2008_60580.html
April 25, 2014
Ashland chairman and CEO James O’Brien will retire at the end of this year, the company says. O’Brien became CEO at Ashland in 2002 and oversaw two major acquisitions...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-CEO-to-retire-at-end-of-December_60581.html
April 25, 2014
GlaxoSmithKline (GSK) has announced a major, three-part transaction with Novartis involving its consumer health-care, vaccines, and oncology businesses. GSK and Novartis, as part of the transaction, will create a world-leading, consumer health-care joint venture with 2013 pro forma revenues of £6.5 billion ($10.9 billion)....
http://www.chemweek.com/sections/business_finance/europe_mideast/Glaxo-and-Novartis-to-swap-assets-in-major-three-part-deal_60523.html
April 25, 2014
A recent UK press report says that Pfizer has made initial approaches to acquire AstraZeneca for £60 billion ($101 billion) in what would be the world’s largest...
http://www.chemweek.com/sections/business_finance/europe_mideast/Pfizer-eyes-AstraZeneca-for-reported-$101-billion_60524.html
April 25, 2014
Permira (London), a private equity firm, has announced that a company owned by Permira funds has entered into an agreement to acquire CABB International (Sulzbach, Germany), a leading manufacturer of fine chemicals, from Bridgepoint Capital (London). The transaction is expected to complete in June, subject to regulatory approvals and customary closing conditions....
http://www.chemweek.com/sections/business_finance/europe_mideast/Permira-to-acquire-CABB-from-Bridgepoint-Capital_60559.html
April 25, 2014
Saudi Aramco says that its wholly owned subsidiary Saudi Aramco Products Trading Co. (ATC) has begun trading chemical products made by Petro Rabigh (Rabigh, Saudi Arabia), a joint...
http://www.chemweek.com/sections/business_finance/europe_mideast/Aramco-trades-products-made-by-Petro-Rabigh_60560.html
April 25, 2014
Sabic reports a drop in first-quarter earnings and says that a shortage of natural gas is limiting the company’s domestic growth. Net profit was down 1.8%, to 6.44 billion Saudi...
http://www.chemweek.com/sections/business_finance/europe_mideast/Sabics-first-quarter-profit-declines-shortage-of-gas-constrains-growth_60561.html
April 25, 2014
Agricultural chemical firm Nufarm (Melbourne) has announced that, following a previously announced review of its manufacturing operations in New Zealand, it has decided to close permanently its facility at Otahuhu, near Auckland, and further consolidate regional manufacturing activity at Nufarm’s main manufacturing facility at Laverton, Australia....
http://www.chemweek.com/sections/business_finance/asia_pacific/Nufarm-to-close-manufacturing-plant-in-New-Zealand_60525.html
April 25, 2014
Reliance Industries says net profits for its fiscal fourth quarter, ended 31 March, increased 0.8% compared with the same period of the previous year, to about 56.3 billion Indian...
http://www.chemweek.com/sections/business_finance/asia_pacific/Reliance-Industries-reports-a-slight-increase-in-profits_60526.html
April 25, 2014
Sika (Baar, Switzerland) says it has acquired a manufacturing facility at Gunsan, South Korea. The facility manufactures and distributes flooring and coating products based on epoxy...
http://www.chemweek.com/sections/business_finance/asia_pacific/Sika-buys-flooring-and-coating-products-plant-in-South-Korea_60527.html
April 25, 2014
CF Industries announced that its Woodward, OK, nitrogen complex is currently off-line because of a problem in one of the boilers. All of the plants in the complex have been safely shut...
http://www.chemweek.com/sections/business_finance/usa_americas/CF-shuts-down-nitrogen-complex-after-boiler-problem_60573.html
April 25, 2014
Five members of ACC’s Silicones Environmental, Health, and Safety Center (SEHSC) have reached an agreement with EPA on the environmental monitoring of the siloxane D4, an...
http://www.chemweek.com/sections/business_finance/usa_americas/Silicone-producers-EPA-agree-on-program-to-monitor-siloxane-D4_60575.html
April 25, 2014
Verdezyne (Carlsbad, CA) announced on 21 April that it has completed production of over one m.t. of biobased dodecanedioic acid (DDDA) using its proprietary yeast-strain biobased...
http://www.chemweek.com/sections/business_finance/usa_americas/Verdezyne-completes-biobased-monomer-production_60587.html
April 24, 2014
Thomas Swan (Consett, UK) says it has signed an exclusive agreement to manufacture high-quality graphene products using a new process developed by researchers at Trinity College Dublin...
http://www.chemweek.com/sections/business_finance/europe_mideast/Thomas-Swan-says-it-has-exclusive-agreement-to-manufacture-graphene-products-using-new-process_60535.html
April 24, 2014
Output of chemicals in the European Union increased in January 2014 for the fourth consecutive month, or 3.3% year-on-year (YOY), according to Cefic. Chemical sales in December 2013...
http://www.chemweek.com/sections/business_finance/europe_mideast/Cefic-EU-chemical-output-increases-for-fourth-consecutive-month-update_60493.html
April 23, 2014
Researchers at the Advanced Materials and BioEngineering Research (Amber) center at Dublin have developed a new process—which promises to be simple and affordable—to...
http://www.chemweek.com/sections/business_finance/europe_mideast/New-process-developed-for-mass-production-of-graphene_60488.html
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