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December 18, 2015
CSW Industrials (CSWI), the former specialty chemicals businesses of Capital Southwest (Dallas), is planning to grow through targeted acquisitions as it combines six businesses into...
http://www.chemweek.com/sections/business_finance/usa_americas/CSW-Industrials-plans-to-grow-through-targeted-acquisitions_75941.html
December 18, 2015
SK Capital (New York) says it will sell radiopharmaceuticals firm IBA Molecular to CapVest Partners (London), another private equity firm, for an undisclosed sum. IBA Molecular...
http://www.chemweek.com/sections/business_finance/usa_americas/SK-Capital-to-sell-IBA-Molecular-to-another-private-equity-firm_75942.html
December 18, 2015
Oiltanking (Hamburg) says it has agreed to acquire an unspecified stake in Galana Mozambique, the tank storage subsidiary of refined-products trading and logistics company Galana Group...
http://www.chemweek.com/sections/business_finance/europe_mideast/Oiltanking-enters-storage-projects-agrees-with-Ineos-on-feedstock-deal_75912.html
December 18, 2015
Chemical industry association VCI (Frankfurt) says it expects chemicals’ production, including pharmaceuticals, to grow 1.5% in Germany during 2016. VCI also expects industry sales to increase 1.5% next year, to €193.6 billion ($211.7 billion) at constant prices, in view of economic stabilization of the European home market; a robust, upward trend in the United States; and lasting demand in Asia....
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-Germanys-chemicals-output-to-grow-1-5-percent-in-2016_75913.html
December 18, 2015
Europe’s chemical industry has welcomed the historic global agreement on fighting climate change, reached 12 December at the conference of the parties (COP21) meeting in Paris....
http://www.chemweek.com/sections/business_finance/europe_mideast/Climate-agreement-reached-in-Paris-industry-welcomes-deal_75922.html
December 18, 2015
Mitsubishi Chemical Holdings (Mitsubishi) has launched a five-year management plan targeting sales of ¥4.70 trillion ($38.5 billion) and operating profits of ¥340.0 billion in the...
http://www.chemweek.com/sections/business_finance/asia_pacific/Mitsubishi-Chemical-Holdings-announces-business-plan_75914.html
December 18, 2015
Frutarom announced 14 December that it had signed a deal to acquire Wiberg (Salzburg, Austria), a producer of savory flavors, for $130.4 million....
http://www.chemweek.com/sections/business_finance/asia_pacific/Frutarom-announces-two-more-acquisitions-in-Europe-and-Asia_75915.html
December 18, 2015
The M&A market in the chemicals sector was steady during the third quarter, with $9 billion in deals above $25 million completed, according to data provided by Young & Partners (Y&P; New York), an investment bank. This total is up 22% from $7 billion in deals completed during the second quarter. For the first nine months of the year, $31 billion in M&A deals were completed, the equivalent figure to last year, according to Y&P....
http://www.chemweek.com/sections/business_finance/usa_americas/Banker-Chemicals-M-and-A-market-steady-in-third-quarter_75953.html
December 18, 2015
MEGlobal has applied to the Texas Commission on Environmental Quality (TCEQ) for an air permit authorizing the construction of an ethylene glycol facility in Freeport, TX, according to...
http://www.chemweek.com/sections/business_finance/usa_americas/MEGlobal-seeks-permit-to-build-EG-plant-in-Freeport-TX_75961.html
December 18, 2015
Merck KGaA (Darmstadt, Germany) says that it has acquired Ormet Circuits (San Diego), a company that designs, manufactures, and sells sintering, electrically conductive materials used...
http://www.chemweek.com/sections/business_finance/usa_americas/Merck-KGaA-buys-Ormet-Circuits_75962.html
December 18, 2015
DuPont has announced several executive leadership changes, including a new chief for its agriculture unit. The news came in the wake of the 11 December announcement that DuPont and Dow Chemical plan to merge....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-appoints-new-agriculture-head_75963.html
December 18, 2015
The specialty chemicals market volume index fell 2% year-on-year (YOY) in November on a three-month moving average (3MMA) basis, the American Chemistry Council says. The index also...
http://www.chemweek.com/sections/business_finance/usa_americas/US-specialty-chemicals-slip-in-November-both-year-on-year-and-on-previous-month-but-rise-year-to-date_75981.html
December 14, 2015
Flavors and fine ingredients company Frutarom Industries (Haifa, Israel) says it is acquiring Wiberg (Salzburg, Austria) for $130.4 million. Wiberg is a producer of savory flavors with...
http://www.chemweek.com/sections/business_finance/europe_mideast/Frutarom-makes-yet-another-acquisition_75824.html
December 14, 2015
The corporate tax for companies registered in Germany will rise from about €123.2 billion ($135.4 billion) to about €144 billion 2019, an increase of nearly 20%, according to...
http://www.chemweek.com/sections/business_finance/europe_mideast/Tax-burden-for-companies-in-Germany-continues-to-grow_75818.html
December 11, 2015
LSB Industries (Oklahoma City) has completed the sale of $210 million in preferred stock and warrants in a private placement to Security Benefit (Topeka, KS), which was first announced in early November. LSB will use the proceeds mainly to complete expansion projects at its El Dorado, AK, facility....
http://www.chemweek.com/sections/business_finance/LSB-Industries-completes-$210-million-private-placement_75801.html
December 11, 2015
Covestro (Leverkusen) says it intends to close a 170,000-m.t./year methylene di- para -phenylene isocyanate (MDI) plant at Tarragona, Spain, by the end of 2017 and transform the site into a chemical park....
http://www.chemweek.com/sections/business_finance/europe_mideast/Covestro-to-close-MDI-plant-in-Spain-turn-site-into-chem-park_75755.html
December 11, 2015
OCP (Casablanca), one of the largest phosphate rock and fertilizer players, has announced higher year-to-date earnings and says it forecasts significantly higher Ebitda for the full...
http://www.chemweek.com/sections/business_finance/europe_mideast/OCP-ups-earnings-sales-full-year-higher-profits-despite-markets_75756.html
December 11, 2015
BASF has completed two investment projects that form part of the company’s strategy to significantly expand its presence in Asia....
http://www.chemweek.com/sections/business_finance/asia_pacific/BASF-completes-NPG-surfactants-projects_75748.html
December 11, 2015
Kuraray, Itochu, and the Innovation Network Corp. of Japan (INCJ; Tokyo) have agreed to sell their shares in the companies’ Kureha Battery Materials Japan (KBMJ; Tokyo) joint venture...
http://www.chemweek.com/sections/business_finance/asia_pacific/Kureha-to-buy-out-Kuraray-partners-in-battery-materials-JV-in-Japan_75749.html
December 11, 2015
Port operator Jurong Port (Singapore) and a Singapore subsidiary of tank storage provider Oiltanking (Hamburg) have signed a joint venture agreement to develop, own, and operate a...
http://www.chemweek.com/sections/business_finance/asia_pacific/Jurong-Port-Oiltanking-form-terminal-JV-in-Singapore_75750.html
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