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July 31, 2015
The strong US dollar hit earnings of North American specialty chemical manufacturers, with many companies reporting year-on-year (YOY) declines in earnings and sales—and falling...
http://www.chemweek.com/sections/business_finance/usa_americas/Strong-dollar-drags-down-specialty-results_72622.html
July 31, 2015
Second-quarter financial results show US commodity and diversified chemical producers benefiting from a recovering domestic market but challenged abroad by the strong US dollar. Dow...
http://www.chemweek.com/sections/business_finance/usa_americas/Currency-domestic-recovery-shape-diversified-earnings_72595.html
July 31, 2015
Celanese continues to develop plans for a second joint venture methanol project with Mitsui & Co., says chairman and CEO Mark Rohr. Celanese already has permits to build at Bishop...
http://www.chemweek.com/sections/business_finance/usa_americas/Celanese-mulls-locations-partners-for-second-methanol-project_72594.html
July 31, 2015
Petrobras (Rio de Janeiro) has confirmed that an internal investigation committee has found irregularities in the approval process of a July 2009 contract to provide Braskem...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-finds-irregularities-in-2009-naphtha-contract_72592.html
July 31, 2015
Cepsa (Madrid), a subsidiary of International Petroleum Investment Co. (Abu Dhabi), has agreed to acquire the 49% it does not already own in a linear alkyl benzene (LAB) plant at...
http://www.chemweek.com/sections/business_finance/usa_americas/Cepsa-to-fully-control-linear-alkyl-benzene-plant-in-Canada_72591.html
July 31, 2015
Yara International (Oslo) and BASF broke ground 27 July on their planned world-scale ammonia plant at BASF’s Freeport, TX. As part of the project, Yara will build an ammonia tank site’s terminal facility and BASF will upgrade its terminal and pipeline infrastructure for exporting ammonia from the plant....
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-and-Yara-break-ground-on-ammonia-plant-in-Texas_72596.html
July 31, 2015
Molycorp on 22 July said it has received court approval for $130 million in debtor-in-possession (DIP) financing from Oaktree Capital Management (New York). The approval marks the end...
http://www.chemweek.com/sections/business_finance/usa_americas/Molycorp-receives-approval-for-larger-DIP-financing-from-Oaktree_72597.html
July 31, 2015
OCI (Amsterdam) and CF Industries have confirmed that they are discussing possible combinations or transactions of their businesses....
http://www.chemweek.com/sections/business_finance/usa_americas/CF-Industries-and-OCI-confirm-talks-to-merge-their-operations_72598.html
July 31, 2015
Lubrizol says it has started a hyperdispersant reactor at its Avon Lake, OH, facility. The unit will be used for manufacturing Solsperse hyperdispersants, which are used to produce a...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-increases-US-hyperdispersant-capacity_72599.html
July 31, 2015
Haltermann Carless Solutions (HCS; Frankfurt) has acquired Shu-Chem Holdings (Manvel, TX), a family-owned company. The acquisition is intended to grow HCS’s market presence in...
http://www.chemweek.com/sections/business_finance/usa_americas/Haltermann-Carless-Solutions-acquires-US-producer-Shu-Chem_72600.html
July 31, 2015
The $2-billion breakup fee offered by Monsanto to Syngenta in case antitrust regulators block Monsanto’s proposed acquisition would apply to any antitrust concerns...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Fee-payable-if-Syngenta-deal-is-blocked-on-any-grounds_72621.html
July 30, 2015
Evonik Industries is globalizing its R&D activities for the global cosmetics industry, and at the same time using local R&D to strengthen its position in important growth...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-expands-global-R-and-D-for-cosmetics-personal-care_72560.html
July 24, 2015
ACC reports that US specialty chemical market volumes decreased 0.3% sequentially in June following a sequential fall of 0.4% in May. Volumes are up only 0.1% year-on-year (YOY) on a...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-US-specialty-chemicals-market-softens-in-June_72421.html
July 24, 2015
Sensient Technologies (Milwaukee) has reported lower sales and operating income in the second quarter of this year compared with the corresponding period a year ago. Revenue in...
http://www.chemweek.com/sections/business_finance/usa_americas/Sensient-reports-leap-in-adjusted-income-on-lower-sales-in-second-quarter_72415.html
July 22, 2015
Evonik Industries has inaugurated a business and innovation center in the area of Richmond, VA. The center will combine R&D, marketing, sales, customer service, and various support...
http://www.chemweek.com/sections/business_finance/usa_americas/Evonik-opens-$15-4-million-business-and-innovation-center-in-Virginia_72351.html
July 20, 2015
Renewable chemicals firm Genomatica (San Diego) has announced that has entered into a collaboration agreement with Cargill to “accelerate the production of renewable chemicals...
http://www.chemweek.com/sections/business_finance/usa_americas/Genomatica-signs-collaboration-agreement-with-Cargill_72311.html
July 17, 2015
Petrobras (Rio de Janeiro) would consider selling its stake in Braskem as a means to build provisions against tax debts nearing 40 billion reais ($12.7 billion), to reduce other debt...
http://www.chemweek.com/sections/business_finance/usa_americas/Petrobras-mulls-divesting-stake-in-Braskem-in-2015-16_72228.html
July 17, 2015
PotashCorp has responded to K+S’s (Kassel, Germany) rejection of PotashCorp’s unsolicited proposal to acquire K+S for €41/share ($44.62), valuing the bid at €7.84 billion (CW, July 6, p. 7)....
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-confident-K+Ss-concerns-can-be-addressed_72229.html
July 17, 2015
Praxair has signed a long-term agreement to purchase crude carbon dioxide (CO2) from Delaware City Refining Co. (Delaware City, DE). Financial terms have not been disclosed. Praxair...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-to-build-carbon-dioxide-unit-in-Delaware_72230.html
July 17, 2015
OSHA has placed DuPont in its severe violator enforcement program after inspections that followed a fatal accident last November at the company’s La Porte, TX, site found “serious...
http://www.chemweek.com/sections/business_finance/usa_americas/OSHA-places-DuPont-in-severe-violator-enforcement-program_72242.html
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