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July 21, 2016
Inivsta says it will end nylon-6,6 production at its Chattanooga, Tennessee, facility as part of a “multiphase restructuring of its global nylon-6,6 polymer manufacturing.” IHS analysts say the move, which Invista expects to complete during the fourth quarter, is unlikely to much impact downstream consumers....
July 21, 2016
The American Chemistry Council (ACC) has urged the US Treasury Department to withdraw proposed debt-equity regulations that are part of US government efforts to limit tax inversions...
July 21, 2016
Analysts are mostly optimistic about second-quarter earnings prospects for North American chemical manufacturers since economic trends were mostly benign in the quarter and prices for commodity chemicals have stabilized....
July 21, 2016
The Federal Trade Commission (FTC) has approved a final order settling charges that Air Liquide SA’s $13.4-billion acquisition of Airgas Inc. would likely be anticompetitive. Air...
July 21, 2016
Enterprise Products Partners LP (Houston, Texas) says the first three vessels to receive polymer-grade propylene (PGP) for export from the Enterprise Hydrocarbons Terminal (EHT) have...
July 21, 2016
The mood at Semicon West, held recently in San Francisco, California, was mixed as suppliers to the electronics sector grapple with consolidation and flat downstream growth while...
July 8, 2016
Dow Chemical Co. says it will cut its workforce by 2,500, roughly 4% of its total, as part of restructuring related to integrating Dow Corning Corp. Dow became the 100% owner of Dow Corning’s silicones business on 1 June, acquiring Corning’s 50% interest for roughly $4.8 billion....
July 8, 2016
Albemarle Corp. has been added to the S&P 500 Index, effective 1 July, bringing the the number of chemical makers on the US benchmark large-cap index to 15. Albemarle will become...
July 8, 2016
Superior Plus Corp. (Toronto, Canada) has terminated its agreement to acquire Canexus Corp. (Calgary, Canada) after the US Federal Trade Commission (FTC) said on 27 June it would move...
July 8, 2016
Clariant has announced the acquisition of Carboflex’s 50% stake in the consortium that built and operates the Guanabara Bay plant at Rio de Janeiro, Brazil, which produces...
July 8, 2016
Universal Display Corp. (Ewing, NJ), a company that develops organic LED (OLED) technologies, announced on 28 June that it has acquired the OLED intellectual property (IP) assets of...
July 8, 2016
Monsanto Co.’s profits for its fiscal third quarter, ended 31 May, slid 38.1% year on year (YOY) on the lackluster farm economy and steeply lower soybean and glyphosate results. The company reports net income of $715 million compared with $1.2 billion in the year-ago quarter. Adjusted earnings of $2.17 per share missed the analysts’ consensus estimate by 9.6% as reported by Thomson Reuters (New York, New York). Net sales were down 8.5%, to $4.2 billion....
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