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February 12, 2016
Specialty chemical makers report mixed results, with sales down because of the strong dollar and volumes and margins varying by end market. Some companies were able to maintain...
February 12, 2016
Weakness in a variety of industrial markets hit gases results as demand fell from key markets in metals, manufacturing, and energy. Industrial production growth slowed worldwide in the...
February 12, 2016
Axiall (Atlanta) has rejected a $2.9-billion acquisition bid by Westlake Chemical (Houston), saying the valuation is far too low. Analysts say the proposed combination, which would create North America’s second-largest producer of polyvinyl chloride, makes strategic sense, however, and that Westlake has room to increase its bid. Westlake offered $20 for each share of Axiall—$11 in cash and $9 in Westlake stock, for a 108% premium over Axiall’s closing price of $9.60/share on 22 January, the last trading day before the proposal....
February 12, 2016
Chemours is planning to build a $178-million plant to produce the refrigerant HFO-1234yf at Ingleside, TX. The hydrofluoroolefin (HFO) is the cornerstone of the company’s Opteon...
February 12, 2016
W.R. Grace announced on 4 February that it has completed the previously announced separation into two independent companies. GCP Applied Technologies, which includes Grace’s former...
February 12, 2016
Balchem (New Hampton, NY) announced 8 February that it has acquired Albion International (Clearfield, UT) for $111.5 million in cash. With the acquisition, Balchem will immediately...
February 12, 2016
Diversified producers in the United States say revenues dropped during the fourth quarter mainly on lower prices but, in some cases, lower volumes. Earnings generally improved for...
February 12, 2016
Dow Chemical chairman and CEO Andrew Liveris announced on the company’s fourth-quarter earning call on 2 February that he would leave Dow by the end of second-quarter 2017. The departure will occur on the earlier of the completion of the expected three spin-offs following closing of the announced merger with DuPont or 30 June 2017....
February 10, 2016
Cambrex (Rutherford, NJ), a maker of active pharmaceutical ingredients (APIs) has reported sales of $156.9 million in fourth-quarter 2015, compared with sales of $128.8 million in the...
February 10, 2016
PPG Industries has announced that it has received funding from the US Department of Energy (DOE) to support a project to improve the fuel efficiency of radial tires for trucks and...
February 5, 2016
Sensient Technologies (Milwaukee) has reported sales of $339.2 million in the fourth quarter of 2015, compared with $342.8 million in the corresponding period in 2014. Operating income...
February 4, 2016
The Trans-Pacific Partnership (TPP), a major free trade agreement between 12 nations based in and around the Pacific Ocean, has been signed by government ministers in Auckland. The...
January 29, 2016
Attendees at the American Cleaning Institute’s (ACI) annual convention in Orlando on 25–30 January said they were keeping a wary eye on the global economy but expect continued growth in 2016 driven by consumer demands for improved functionality and added value....
January 29, 2016
North American specialties makers have mostly beat modest expectations thus far as solid personal-care markets and continued strength in architectural and automotive coatings offset declines in energy markets and the strong dollar....
January 29, 2016
Mossi Ghisolfi Group’s (M&G; Tortona, Italy) subsidiary M&G Chemicals says it will increase the initial capacity of a previously announced, integrated polyethylene...
January 29, 2016
Increased demand for diesel and more stringent sulfur regulations continue to fuel the strong increases in US refineries’ demand for hydrogen, and merchant suppliers—mainly...
January 29, 2016
Celanese is adding a nylon platform to its engineered materials portfolio. The products, based on both nylon-6 and nylon-6,6 resins produced outside the company, will extend the...
January 29, 2016
3M has agreed to sell its pressurized polyurethane (PU) foam adhesives business to Innovative Chemical Products (ICP; Andover, MA). ICP is owned by private equity firm Audax (Boston)...
January 29, 2016
Monsanto has filed a lawsuit against the California Office of Environmental Health Hazard Assessment (OEHHA) to prevent the listing of glyphosate under California’s Proposition...
February 1, 2016
ACC’s specialty chemicals market volume index was down 2.7% in December 2015 compared with the year-ago month but fell only 0.3% year-to-date (YTD) in 2015 versus one year ago, both figures on a three-month moving average (3MMA). The index slipped 0.1% in December versus the earlier month, following a fall of 0.7% in November (both 3MMA)....
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