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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
April 22, 2014
The European Commission says that it has requested Germany to fully transpose the requirements of the European Union Emissions Trading System (EU ETS) into national law. EU ETS is a...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-asks-Germany-to-fully-implement-EU-emissions-trading-system_60463.html
April 22, 2014
The European Commission has decided to refer Poland to the European Union's Court of Justice for failing to notify the commission about what penalties have been put in place in the...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-refers-Poland-to-court-for-failure-to-comply-with-laws-on-F-gases_60459.html
April 22, 2014
The European Chemicals Agency (ECHA; Helsinki) has opened a public consultation on a total of 30 testing proposals for 17 substances. The hazard endpoints for which vertebrate testing...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-opens-public-consultation-on-testing-proposals-for-17-substances_60458.html
April 22, 2014
The European Food Safety Authority (EFSA; Parma, Italy) says it is extending the timeline for it to complete is full assessment of bisphenol A (BPA) to the end of 2014. The authority...
http://www.chemweek.com/sections/business_finance/europe_mideast/EFSA-to-reevaluate-BPA-by-end-of-2014_60447.html
April 21, 2014
DuPont reports first-quarter operating earnings of $1.5 billion, up 1% year-on-year (YOY). Weak agricultural results offset gains across other segments. Operating earnings of...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-earnings-up-1-percent-despite-revenue-slip-on-weak-ag-results_60409.html
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