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June 27, 2014
FMC announced on 23 June that it is cutting its second-quarter and full-year earnings guidances by about 9.1% and about 5.6%, respectively. The cuts are due to persistent weakness in...
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-cuts-guidance-on-weaker-than-expected-ag-rebound_62084.html
June 27, 2014
Lubrizol says it has broken ground on a surfactants plant at Belford Roxo, Rio de Janeiro State, Brazil. Lubrizol will invest over $20 million to build the new plant, which will help...
http://www.chemweek.com/sections/business_finance/usa_americas/Lubrizol-to-build-$20-million-surfactants-plant-in-Brazil_62085.html
June 27, 2014
A. Schulman has named Bernard Rzepka as its next CEO, effective 1 January 2015. Current chairman and CEO Joseph Gingo will remain chairman after his retirement as CEO on 31 December....
http://www.chemweek.com/sections/business_finance/usa_americas/A-Schulman-names-current-COO-as-next-CEO_62086.html
June 27, 2014
The Supreme Court on 23 June upheld EPA’s authority to regulate greenhouse gases (GHGs) from “sources that would need permits based on their emission of conventional pollutants.”...
http://www.chemweek.com/sections/business_finance/usa_americas/Supreme-Court-upholds-EPA-regulation-of-greenhouse-gases_62087.html
June 27, 2014
Monsanto, on 25 June, reported fiscal third-quarter net income down 5.6% year-on-year (YOY), to $858 million, on sales that were roughly flat YOY, at $4.25 billion. Earnings totaled...
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-beats-estimates-plans-$10-billion-share-buyback_62100.html
June 27, 2014
H.B. Fuller says that it has signed an agreement to acquire Tonsan Adhesive (Beijing), a maker of engineering adhesives....
http://www.chemweek.com/sections/business_finance/usa_americas/Fuller-to-acquire-Chinas-Tonsan-Adhesive_62109.html
June 27, 2014
Trinseo, on 17 June, announced that its initial public offering closed on the New York Stock Exchange (NYSE), raising $197.3 million for the company. The company issued 11.5 million...
http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-IPO-closes-shares-rise-in-early-trading_62110.html
June 27, 2014
TPC Group, North America’s leading producer of butene and butadiene, and UOP have entered into an agreement for UOP to be the exclusive licensor of TPC Group’s OXO-D...
http://www.chemweek.com/sections/business_finance/usa_americas/TPC-and-UOP-link-in-on-purpose-butadiene-technology-licensing_62111.html
June 20, 2014
International Flavors & Fragrances (IFF) it has opened a photovoltaic (PV) installation at its Hazlet, NJ, facility. The company says that the installation supports its commitment...
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-opens-PV-installation-at-NJ-site_61947.html
June 13, 2014
Trinseo, formerly Styron, on 12 June completed its initial public offering, raising about $190 million through the sale of 10 million common shares. The company’s shares, which...
http://www.chemweek.com/sections/business_finance/usa_americas/Trinseo-completes-$190-million-NYSE-initial-public-offering_61794.html
June 13, 2014
EPA has introduced aggressive plans to cut carbon dioxide (CO2) emissions from existing power plants in a move industry says could lift energy prices and hurt the United States’ manufacturing sector....
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-proposes-30-percent-cut-in-power-plant-emissions_61766.html
June 13, 2014
Laticrete (Bethany, CT) has agreed to buy DuPont’s surface-care business, a maker of protective coatings and surface treatments for the stone and tile market, the companies say...
http://www.chemweek.com/sections/business_finance/usa_americas/Laticrete-to-buy-DuPonts-surface-care-business_61786.html
June 13, 2014
A widespread power outage forced an unplanned shutdown of Eastman Chemical’s Kingsport, TN, facility on 4 June, but the company had made “significant progress” in...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Kingsport-shutdown-to-have-limited-impact-on-acetyls_61787.html
June 13, 2014
Sasol and Ineos have committed to a 50-50 joint venture to produce bimodal high-density polyethylene (HDPE) at Ineos’s Battleground Manufacturing Complex at LaPorte, TX. The jv will construct a 470,000-m.t./year HDPE plant, which is expected to begin operating in 2016....
http://www.chemweek.com/sections/business_finance/usa_americas/Sasol-and-Ineos-commit-to-building-HDPE-plant-at-LaPorte_61788.html
June 13, 2014
Shell Chemicals continues to advance plans for an ethane cracker in western Pennsylvania as well as to expand its existing US Gulf Coast sites....
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-continues-evaluating-US-expansion-plans_61767.html
June 13, 2014
Private equity firm Sun Capital Partners has merged two wholly owned flexible-foam producers, Sleep Innovations and Flexible Foam Products, to form Innocor (West Long Branch, NJ), the second-largest producer of flexible polyurethane (PU) foam in North America....
http://www.chemweek.com/sections/business_finance/usa_americas/Sun-Capital-launches-Innocor-a-leading-PU-foam-player_61768.html
June 13, 2014
On 6 June, a federal intragency working group released its report to President Obama in response to his executive order on actions to improve chemical safety. The report addresses the...
http://www.chemweek.com/sections/business_finance/usa_americas/Federal-chemical-safety-working-group-updates-executive-order-status_61769.html
June 13, 2014
Praxair has started operations at its new 600-m.t./day air separation unit (ASU) at Memphis, TN. The plant will supply gaseous and liquid oxygen, nitrogen, and argon to customers in...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-starts-Memphis-gases-plant_61770.html
June 13, 2014
PPG Industries has acquired Masterwork (Pittsburgh), a distributor of architectural paints in western Pennsylvania, Ohio, and New York. Masterwork owned and operated 13 stores, which...
http://www.chemweek.com/sections/business_finance/usa_americas/PPG-acquires-two-coatings-firms-in-the-US_61792.html
June 13, 2014
A Schulman has agreed to acquire Ferro’s specialty plastics business, a maker of engineered plastic compounds, colorants, and liquid coatings mostly for thermoset plastics, for $91 million....
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-to-acquire-Ferros-specialty-plastics-business_61793.html
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