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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
March 14, 2014
Ecolab has announced the acquisition of AK Kraus & Hiller Schädlingsbekämpfung (Allershausen, Germany). Kraus & Hiller had annual sales of approximately $4 million and is one...
http://www.chemweek.com/sections/business_finance/usa_americas/Ecolab-acquires-pest-firm_59569.html
March 14, 2014
Ashland says it will close its unsaturated polyester resin (UPR) and gelcoats manufacturing plant at Kelowna, BC, effective 27 June. Six other sites in North America will continue to...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-shuts-UPR-gelcoats-plant_59570.html
March 14, 2014
Cytec Industries says it has opened an expanded office and lab facility for mining chemicals at Santiago. The facility houses sales, technical service, and support experts. “The...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-opens-mining-R-and-D-center_59571.html
March 14, 2014
AkzoNobel says it has completed an expansion of its industrial coatings site at Songjiang, near Shanghai, doubling capacity and creating the company’s largest plant for packaging...
http://www.chemweek.com/sections/business_finance/usa_americas/AkzoNobel-ups-China-capacity_59572.html
March 14, 2014
Brazil’s demand for chemical products grew 7.1% in 2013, exceeding GDP growth, 2.3%, during the same period, according to figures released by Abiquim (São Paulo), the country’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Brazils-demand-outpaces-production-as-imports-swell_59576.html
March 13, 2014
The European Parliament has approved draft rules that would lead to a ban on the use of climate-unfriendly fluorinated gases in air-conditioners and refrigerators by 2020–2025...
http://www.chemweek.com/sections/business_finance/europe_mideast/European-Parliament-approves-measures-to-ban-F-gases_59538.html
March 12, 2014
The chemical industry in Germany rounded off a turbulent 2014 with a strong fourth quarter, says chemical industry association VCI (Frankfurt). Production in Germany’s third...
http://www.chemweek.com/sections/business_finance/europe_mideast/VCI-German-chemical-industry-achieves-strong-end-to-2013-outlook-positive-for-2014_59493.html
March 11, 2014
Members of the European Parliament (MEPs) have voted in favor of legislation to reduce the consumption of plastic carrier bags in the European Union. The parliament’s environment...
http://www.chemweek.com/sections/business_finance/europe_mideast/Plastic-bags-EU-countries-to-reduce-usage-by-80-percent-by-2019_59469.html
March 10, 2014
Symrise (Holzminden, Germany) says it achieved record sales and earnings during 2013. Sales grew to €1.83 billion ($2.54 billion) in 2013 compared with €1.74 billion in 2012...
http://www.chemweek.com/sections/business_finance/europe_mideast/Symrise-achieves-record-sales-and-profitability-in-2013_59441.html
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