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March 20, 2015
Mosaic says that, following its acquisition of Archer Daniels Midland’s distribution businesses in Brazil and Paraguay, it will change the reporting of its business segments....
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-changes-reporting-updates-volume-and-price-guidance_68760.html
March 20, 2015
Royal Dutch Shell and the United Steelworkers (USW; Pittsburgh) union reached a tentative agreement 12 March on a four-year labor agreement, but not all petrochemical plant or refinery...
http://www.chemweek.com/sections/business_finance/usa_americas/Some-sites-still-in-discussions-with-USW-following-Shell-settlement_68761.html
March 20, 2015
Wacker Chemie says that the construction of its $2-billion polysilicon plant at Charleston, TN, is in the “home straight” and will ramp up to full capacity in this year...
http://www.chemweek.com/sections/business_finance/usa_americas/Wacker-staying-the-course-on-US-polysilicon-investment_68762.html
March 20, 2015
Lanxess has reported substantially improved operating result and net income in 2014. It has also outlined restructuring measures for its synthetic rubber businsss, as part of a broader...
http://www.chemweek.com/sections/business_finance/europe_mideast/Lanxess-to-close-EPDM-plant-realign-BR-operations_68724.html
March 20, 2015
Leading Europe-based companies are expected to benefit overall from lower oil prices and the weakening euro. However, cheaper raw materials and a more competitive currency are not...
http://www.chemweek.com/sections/business_finance/europe_mideast/Benefits-of-weak-euro-oil-slump-not-yet-fully-visible_68725.html
March 20, 2015
BASF and Toda Kogyo (Hiroshima, Japan), a leading developer and manufacturer of cathode materials for lithium-ion (Li-ion) batteries, have established a previously announced joint venture for cathode active materials in Japan, BASF says....
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-Toda-Kogyo-launch-JV-for-cathode-active-materials_68726.html
March 20, 2015
Orica (Melbourne) says that it has completed the previously announced sale of the company’s chemicals business to private equity firm Blackstone for A$750 million ($571 million)...
http://www.chemweek.com/sections/business_finance/asia_pacific/Orica-completes-sale-of-chemicals-business-to-Blackstone_68727.html
March 20, 2015
One Rock Capital (New York), a private equity firm affiliated with Mitsubishi Corp., has purchased a stake in Compass Chemical (Smyrna, GA), a maker of organophosphates. Terms of the...
http://www.chemweek.com/sections/business_finance/usa_americas/One-Rock-Capital-buys-stake-in-Compass-Chemical_68755.html
March 20, 2015
Albemarle has entered into discussions with its Mideast partner Ali & Sons Oilfield Supplies & Services (ASOS) to construct a manufacturing facility for fluidized catalytic...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-plans-Mideast-FCC-plant-scales-back-mineral-FR_68756.html
March 20, 2015
Antioxidants maker Addivant, owned by private equity firm SK Capital (New York), on 17 March named John Steitz CEO. Steitz was most recently COO at PQ Corp. and has served as COO of Albemarle and CEO of Avantor Performance Materials....
http://www.chemweek.com/sections/business_finance/usa_americas/SK-Capitals-Addivant-antioxidants-unit-names-PQ-exec-as-CEO_68757.html
March 20, 2015
LSB Industries (Oklahoma City) has begun a search to fill a new position on its senior management team, president of the LSB chemical business. “We’ve made significant...
http://www.chemweek.com/sections/business_finance/usa_americas/LSB-starts-search-for-head-of-chemical-business_68758.html
March 20, 2015
Canexus (Calgary, AB) says that it has engaged a financial adviser to explore the potential sale of Canexus’s chlor-alkali operation at North Vancouver, BC. The company says that...
http://www.chemweek.com/sections/business_finance/usa_americas/Canexus-explores-selling-Canada-chlor-alkali-business_68759.html
March 20, 2015
Wacker Chemie has reported increased sales and earnings for 2014 and provided guidance for this year. The company has also announced that, following several years of large capital expenditure outlays, it will focus future capex on less capital-intensive projects, concentrating on expanding its downstream businesses. Rudolf Staudigl, Wacker CEO, speaking at a press briefing held recently in Munich, provided more information about Siltronic, the company’s semiconductor silicon wafers division, currently subject to a review that could result in the business being floated on the stock exchange or sold....
http://www.chemweek.com/sections/business_finance/europe_mideast/Wacker-reports-improved-results-details-Siltronic-plans_68780.html
March 19, 2015
Michael Vassiliadis, chairman of German trade union IG BCE (Hanover), which represents workers in the mining, chemical, and energy sectors, has called on the federal government to...
http://www.chemweek.com/sections/business_finance/europe_mideast/German-chemical-trade-union-calls-for-"accelerated-decision-making"-in-energy-policies_68708.html
March 19, 2015
The European Chemicals Agency (ECHA; Helsinki) says it has adopted the final community rolling action plan (CoRAP) for 2015–2017. A total of 134 substances are to be evaluated by...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-adopts-community-rolling-action-plan-for-2015-2017-134-substances-to-be-evaluated-48-in-this-year_68700.html
March 19, 2015
The European Chemicals Agency (ECHA; Helsinki) says that its risk assessment committee (RAC) is continuing to deliberate on a proposal from France to restrict the use of bisphenol A...
http://www.chemweek.com/sections/business_finance/europe_mideast/ECHA-considers-proposal-to-restrict-BPA-in-thermal-paper_68697.html
March 18, 2015
Israeli crop genomics firm Evogene (Rehovot, Israel) has announced a three-year collaboration agreement with a multinational food company to improve productivity of a key crop using...
http://www.chemweek.com/sections/business_finance/europe_mideast/Evogene-announces-collaboration-agreement-for-improved-crop-productivity_68668.html
March 18, 2015
SGL Carbon (Wiesbaden, Germany) has announced group sales of €1.34 billion ($1.42 billion) for the business year 2014, a decrease of 6% year-on-year (YOY). . Ebitda before...
http://www.chemweek.com/sections/business_finance/SGL-announces-fall-in-sales-profit-plummets_68664.html
March 17, 2015
About 55% of food samples evaluated by the European Food Safety Authority (EFSA; Parma, Italy) show no detectable traces of pesticide residues, the authority says. Of the samples that...
http://www.chemweek.com/sections/business_finance/europe_mideast/EFSA-report-More-than-half-of-food-samples-in-EU-are-free-of-pesticide-residues_68630.html
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