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November 8, 2013
CF Industries (Deerfield, IL) announced on 28 October that it is selling its phosphates mining and manufacturing business to Mosaic for $1.4 billion in cash...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-acquires-CF-Industries-phosphates-unit-for-$1-4-billion_56534.html
November 8, 2013
Rextac (Odessa, TX), a manufacturer of polypropylene (PP)-based adhesives, plans to build an integrated propane dehydrogenation (PDH)-PP facility adjacent to its petrochemical complex...
http://www.chemweek.com/sections/business_finance/usa_americas/Rextac-plans-integrated-PDH-PP-facility-in-Texas_56535.html
November 8, 2013
Mexico’s federal competition commission has denied Sherwin-Williams’ (SW) appeal of the commission’s ruling blocking the acquisition of Comex, the company says...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexican-antitrust-agency-denies-SW-Comex-appeal_56536.html
November 8, 2013
Most of the leading Japanese chemical companies swung to profit or achieved higher earnings for the fiscal first half, ended 30 September. The depreciation of the Japanese currency, a...
http://www.chemweek.com/sections/business_finance/asia_pacific/Japanese-firms-report-improved-earnings_56537.html
November 8, 2013
Uncertainty in the potash market, partially caused by the breakup of export cartel Belaruski Potash Corp. (Minsk) in July, led to weaker third-quarter earnings for most fertilizer...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-earnings-down-on-weak-potash-market_56553.html
November 8, 2013
Chemical segment earnings for US oil makers and refiners were up across the board in the third quarter. Strength in petrochemical markets, particularly in the United States, helped...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-firms-post-stronger-petrochemical-earnings_56554.html
November 8, 2013
Specialty chemical makers mostly beat estimates with resilient earnings, since major end markets, such as paints, water treatment, and agriculture grew. Some businesses, partcularly...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-hold-on-resilient-end-markets_56555.html
November 8, 2013
Celanese has announced that its French and Spanish subsidiaries have informed the company’s employee delegates at Roussillon, France, and its works council at Tarragona, Spain...
http://www.chemweek.com/sections/business_finance/europe_mideast/Celanese-and-Sasol-announce-plant-closures-in-Europe_56503.html
November 8, 2013
Styrolution (Frankfurt), the world’s leading producer of styrenics, marked in October the second anniversary since its creation as a joint venture between BASF and Ineos....
http://www.chemweek.com/sections/business_finance/europe_mideast/Styrolution-unveils-new-strategy-says-BASF-unlikely-to-quit_56504.html
November 8, 2013
Leading Europe-based companies posted a mixed set of financial results for the third quarter. Most firms report lower sales, reflecting continued tough economic conditions in Europe...
http://www.chemweek.com/sections/business_finance/europe_mideast/Leading-firms-struggle-to-maintain-profits-and-sales_56542.html
November 8, 2013
Ashland says that it expects to complete the sale of the water treatment segment in early 2014. The company announced over the summer that it was considering the sale, which could attract more than $1 billion ( CW; July 22/29, p.4), analysts say....
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-confirms-water-treatment-sale_56579.html
November 8, 2013
Activist hedge fund Starboard Value (New York), which effected a change in Calgon Carbon’s board earlier this year, has released a letter to management calling for the conversion...
http://www.chemweek.com/sections/business_finance/usa_americas/Hedge-fund-advocates-MLP-for-Calgon-Carbon_56580.html
November 8, 2013
Innospec has acquired oilfield chemicals firm Bachman Services (Oklahoma City) for an undisclosed sum. Bachman has annual revenues of about $80 million, Innospec says. Along with...
http://www.chemweek.com/sections/business_finance/usa_americas/Innospec-acquires-oilfield-chemicals-firm_56581.html
November 8, 2013
DuPont officials say the late October announcement to proceed with a spin-off of its performance chemicals allows the company to better align the strategic focus and capital structure...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-will-spin-off-not-sell-performance-chemicals_56582.html
November 7, 2013
Small- and medium-sized enterprises (SME) in Germany have called for the speedy formation of a new federal government, so that important reforms can be implemented, says industry...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-calls-for-rapid-reform-of-renewable-energy-laws-opposes-any-increase-in-tax_56344.html
November 7, 2013
Paints and coatings company Tikkurila (Helsinki) says "its profitability was at a record-high level in third-quarter 2013." Ebit before non-recurring items was €33.3...
http://www.chemweek.com/sections/business_finance/europe_mideast/Tikkurila-posts-record-third-quarter-profitability_56525.html
November 7, 2013
The European Commission has referred a request related to cultivation of a genetically-modified organism (GMO), originally submitted 12 years ago, to the council of ministers. The...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-refers-GMO-cultivation-request-to-Council-of-Ministers_56519.html
November 7, 2013
The European Commission has proposed the legislation necessary for the European Union to formally ratify the second commitment period (2013–2020) of the Kyoto Protocol on climate...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Commission-proposes-ratification-of-second-phase-of-Kyoto-Protocol_56517.html
November 6, 2013
The chemical industry in Germany slowed during third-quarter 2013, chemical trade association VCI (Frankfurt) says. Production in July–September remained at the level of the...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-chemical-industry-Restrained-start-to-second-half-2013_56479.html
November 5, 2013
Symrise (Holzminden, Germany) says it has increased Ebitda 10%, to €290.2 million ($392 million) in the first nine months of 2013. Group sales rose 10%, to €1.4 billion, and...
http://www.chemweek.com/sections/business_finance/europe_mideast/Symrise-posts-10-percent-increase-in-sales-Ebitda_56446.html
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