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September 1, 2016
Solvay SA has inaugurated a carbon fiber production line at its Piedmont, South Carolina, facility, doubling production capacity of a key raw material to make carbon...
August 18, 2016
Private equity firm CVC Capital Partners is selling an additional 20.9 million shares in distributor Univar Inc. in a $19-per-share public offering. The offering is expected to close...
August 18, 2016
The chemical and pharmaceutical industry in the United Kingdom has maintained a positive outlook despite “significant concerns” about the impact of the country’s vote...
August 18, 2016
SGL Group (Wiesbaden, Germany) has announced that it hopes to divest its performance products (PP) business, which has been classified as a discontinued operation, by year-end. SGL said in June that PP is a noncore business....
August 18, 2016
As of 17 August, widespread flooding in Louisiana had not significantly affected petrochemical operations, according to producers in the region. However, unconfirmed press reports describe issues at ExxonMobil Corp.’s Baton Rouge, Louisiana, refinery, and road closures continued to threaten transportation constraints....
August 18, 2016
Leading chemical companies based in Japan report mixed financial results for the fiscal first quarter ended 30 June 2016. Toray Industries Inc., Asahi Kasei Corp., Shin-Etsu Chemical...
August 18, 2016
Yara International ASA (Oslo, Norway) has announced that it has agreed to acquire Tata Chemicals Ltd.’s (TCL; Mumbai, India) urea plant and distribution business at Babrala, India, for $400 million on a debt-and-cash-free basis, including normalized net working capital...
August 18, 2016
BP plc is seeking to divest its 50% holding in Shanghai SECCO Petrochemical Co. Ltd., a major petrochemicals joint venture (JV) with China Petroleum and Chemical Corp. (Sinopec) based...
August 18, 2016
Petronas Chemicals Group Bhd (PCG; Kuala Lumpur, Malaysia) has reported lower second-quarter net profit and sales but higher EBITDA compared with the year-earlier quarter. Net profit...
August 18, 2016
The mood at the Jefferies 2016 Industrials Conference in New York, New York, was fairly optimistic as Air Products & Chemicals Inc. and Huntsman Corp. have expressed confidence in...
August 18, 2016
The Society of Chemical Manufacturers and Affiliates (SOCMA; Washington, DC) announced 16 August that president and CEO Lawrence Sloan will be leaving the association in mid-October to...
August 18, 2016
Late-reporting US chemical companies, operating in diverse end markets, generally report mixed-to-positive second-quarter results. Chemours Co. reports a net loss of $18 million for...
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