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March 18, 2014
The European Commission says it has asked member states to monitor the presence of brominated flame retardants (BFRs) in food over the next two years. The move is in response to...
http://www.chemweek.com/sections/business_finance/europe_mideast/Brominated-flame-retardants-European-Commission-requests-monitoring-in-food_59647.html
March 17, 2014
The European Commission says it welcomes the European Parliament’s recent approval of the commission’s proposal to significantly reduce emissions of fluorinated gases...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-welcomes-European-Parliaments-vote-on-F-gases_59617.html
March 14, 2014
Shin-Etsu (Tokyo) is studying plans to build a world-scale ethylene plant in the United States, executive chairman Chihiro Kanagawa tells CW....
http://www.chemweek.com/sections/business_finance/usa_americas/Shin-Etsu-evaluating-US-ethylene-investment_59581.html
March 14, 2014
Eight manufacturers of expanded polystyrene (EPS), participating in the hexabromocyclododecane (HBCDD) consortium, have successfully submitted an application for authorization to the...
http://www.chemweek.com/sections/business_finance/europe_mideast/EPS-producers-submit-Reach-authorization-dossier-for-HBCDD_59597.html
March 14, 2014
Composite materials supplier Gurit (Zurich) says its sales in full-year 2013 fell 19.9%, to 281.1 million Swiss francs ($322 million) and Ebitda plummeted by 51.4%, to SF17.7 million...
http://www.chemweek.com/sections/business_finance/europe_mideast/Gurit-full-year-2013-sales-fall-19-9-percent-Ebitda-plummets-51-4-percent_59596.html
March 14, 2014
Bayer MaterialScience (BMS) says it has acquired DuPont’s Baytown, TX, aniline production plant. Financial terms have not been disclosed. Aniline is a key feedstock used to...
http://www.chemweek.com/sections/business_finance/usa_americas/Bayer-MaterialScience-buys-DuPonts-Baytown-aniline-plant_59551.html
March 14, 2014
Arkema, having reported fourth-quarter and full-year 2013 results, says it is confident that it will grow Ebitda in 2014. Adjusted net income from continuing operations in the fourth...
http://www.chemweek.com/sections/business_finance/europe_mideast/Arkema-sees-earnings-growth-in-2014_59546.html
March 14, 2014
Jim Ratcliffe, chairman of Ineos, says that much of Europe’s chemical industry could close within a decade. In a recently published open letter to José Manuel Barroso, president of the European Commission, Ratcliffe expresses deep concern about the future of the European chemical sector and its 1 million direct and 5 million indirect jobs. “Sadly, I predict that much of it will face closure within the next 10 years,” Ratcliffe says....
http://www.chemweek.com/sections/business_finance/europe_mideast/Ineos-chair-Europes-industry-could-vanish-within-a-decade_59547.html
March 14, 2014
Gary Kubera, president, CEO, and director of Canexus (Calgary, AB), has resigned, effective immediately, the company announced on 6 March. The move follows news that the company’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Canexus-CEO-resigns-amid-cost-overrun-share-decline_59552.html
March 14, 2014
Sensient Technologies has announced plans for further restructuring to improve profitability and margins in its flavors and fragances segment....
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-plans-further-flavors-restructuring-share-buyback_59553.html
March 14, 2014
Shareholder activism in the chemical industry should continue as the economic climate improves and companies maintain large amounts of cash, according to a report by credit rating...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-Cash-balances-feedstock-advantage-spur-activism_59555.html
March 14, 2014
Minerals Technologies Inc. (MTI) has reached an agreement to buy Amcol (Hoffman Estates, IL) for about $1.7 billion, or $45.75/share in cash, outbidding Imerys....
http://www.chemweek.com/sections/business_finance/usa_americas/Minerals-Technologies-wins-bidding-for-Amcol_59556.html
March 14, 2014
Evonik Industries has acquired Silbond (Weston, MI), a leading supplier of silicic acid esters. The purchase price was in the mid-double-digit million-euro range. Silicic acid esters...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-acquires-Silbond-a-producer-of-silicic-acid-esters_59557.html
March 14, 2014
Dow Chemical says it will build an R&D facility at Lake Jackson, TX, near to the company’s largest manufacturing site, at Freeport, TX. The center will replace several of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-build-R-and-D-facility-in-Texas_59578.html
March 14, 2014
Edge Adhesives (Fort Worth, TX) has been sold to private equity firms Akoya Capital Partners (Chicago) and Gladstone Investment (McLean, VA), the companies say. Edge’s previous...
http://www.chemweek.com/sections/business_finance/usa_americas/Edge-Adhesives-changes-private-equity-owners_59579.html
March 14, 2014
One Equity Partners (New York) has closed on its $200-million purchase of FMC’s hydrogen peroxide (H2O2) business, renaming it PeroxyChem. PeroxyChem's main markets are large...
http://www.chemweek.com/sections/business_finance/usa_americas/One-Equity-closes-on-purchase-of-FMCs-peroxygens-business_59580.html
March 14, 2014
BASF says it will build a world-scale production plant to manufacture specialty amines at the company’s wholly owned site in the Nanjing Chemical Industry Park, at Nanjing...
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-to-build-specialty-amines-plant-at-Nanjing_59498.html
March 14, 2014
Hankook Tire (Seoul) and Lanxess have signed a memorandum of understanding to codevelop synthetic rubber technologies for high-performance tires, Lanxess says....
http://www.chemweek.com/sections/business_finance/asia_pacific/Lanxess-and-Hankook-Tire-forge-technical-partnership_59499.html
March 14, 2014
ExxonMobil Chemical says it will build facilities to manufacture halobutyl rubber and Escorez hydrogenated hydrocarbon resin at the company’s recently expanded petrochemical...
http://www.chemweek.com/sections/business_finance/asia_pacific/ExxonMobil-to-build-halobutyl-rubber-plant-in-Singapore_59500.html
March 14, 2014
Bayer reports higher sales and profits for the fourth quarter and full-year 2013 and forecasts for this year about 5% sales growth on a currency- and-portfolio-adjusted basis. Marijn Dekkers, chairman of Bayer, speaking at a recent press briefing at Leverkusen, said that the company’s five recently launched pharmaceutical products have a much higher peak sales potential than originally estimated....
http://www.chemweek.com/sections/business_finance/europe_mideast/Bayer-reports-higher-profits-ups-pharma-pipeline-estimate_59486.html
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