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July 7, 2014
Braskem plans to build an ultrahigh molecular weight polyethylene (UHMWPE) plant at its La Porte, TX, site, the company says. Groundbreaking for the new plant will take place during...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-to-build-UHMWPE-plant-at-Texas-site_62295.html
July 7, 2014
Kuraray says that its MonoSol (Merrillville, IN) subsidiary will expand production capacity for polyvinyl alcohol (PVOH) film at its Portage, IN, site. An additional PVOH film...
http://www.chemweek.com/sections/business_finance/usa_americas/Kuraray-to-expand-PVOH-film-capacity-at-Portage-IN_62296.html
July 7, 2014
DuPont says it aims to save $1 billion in costs by 2019 as part a program to streamline operations and eliminate stranded costs associated with the spin-off of its $7-billion/year performance chemicals unit....
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-plans-to-cut-$1-billion-over-five-years-as-spin-off-nears_62297.html
July 7, 2014
Mitsubishi Rayon says that its subsidiary Mitsubishi Rayon Carbon Fiber and Composites (Irvine, CA) will expand carbon fiber capacity at its manufacturing site at Sacramento. Capacity...
http://www.chemweek.com/sections/business_finance/usa_americas/Mitsubishi-Rayon-to-double-capacity-at-carbon-fiber-plant-in-California_62298.html
July 7, 2014
PotashCorp says it has begun the recall process at the company’s Lanigan, SK, potash mine to reinstate 47 permanent employees. “The recall reflects ongoing tightness in the...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-recalls-more-workers-after-market-upturn_62299.html
June 27, 2014
Chevron Phillips Chemical (CPChem; The Woodlands, TX) has broken ground on two 500,000-m.t./year polyethylene (PE) plants at its site at Old Ocean, TX. The new plants are part of...
http://www.chemweek.com/sections/business_finance/usa_americas/CPChem-begins-constructing-PE-plants-at-Old-Ocean-TX_62071.html
June 27, 2014
ExxonMobil Chemical says it has begun building a second steam cracker at its Baytown, TX, facility and two downstream polyethylene (PE) lines at its Mont Belvieu, TX, plastics plant. EPA gave the project a final greenhouse gas Prevention of Significant Deterioration construction permit in May....
http://www.chemweek.com/sections/business_finance/usa_americas/ExxonMobil-begins-expanding-Baytown-ethylene-polyethylene_62072.html
June 27, 2014
Williams Partners (Williams; Tulsa, OK) has pushed restarting its Geismar, LA, ethylene plant back one month, to July. Williams expects sales from the facility to begin in mid-August...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-delays-restarting-Geismar-cracker-to-July_62073.html
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
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