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December 6, 2013
Merck KGaA (Darmstadt, Germany) is looking to strengthen its presence in the prescription pharmaceuticals market in the United States and is open to more collaborations and acquisitions....
http://www.chemweek.com/sections/business_finance/usa_americas/Merck-KGaA-eyes-pharma-acquisitions-in-the-US_57130.html
December 6, 2013
ACC president and CEO Cal Dooley, on 4 December, outlined a number of key policy issues, including an overhaul of the Toxic Substances Control Act (TSCA), a comprehensive energy policy, and the removal of barriers to trade as ACC’s top 2014 advocacy priorities....
http://www.chemweek.com/sections/business_finance/usa_americas/TSCA-reform-and-energy-policy-top-ACCs-agenda_57133.html
December 6, 2013
PotashCorp says it will reduce its workforce in Canada, the United States, and Trinidad by approximately 18%, equivalent to more than 1,000 people. “Despite confidence in the...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-to-slash-more-than-1000-jobs-close-plants_57134.html
December 6, 2013
Dow Corning says it will buy out Mitsubishi Materials’ (Tokyo) stake in the Hemlock Semiconductor Group joint ventures for $240 million. Dow Corning has purchased Mitsubishi Materials’ 12.125% ownership share in both Hemlock Semiconductor Corp. and Hemlock Semiconductor LLC....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Corning-buys-Mitsubishi-Materials-stake-in-Hemlock_57135.html
December 6, 2013
Sulfuric acid maker Chemtrade (Toronto) says it has acquired General Chemical (Parsippany, NJ) from private equity firm American Securities (New York) for $860 million. General...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtrade-acquires-General-Chemical-from-private-equity_57136.html
December 6, 2013
Solvay has agreed to acquire the specialty chemical assets of Erca Química (Itatiba, Brazil), a subsidiary of Erca Group (Grassobbio, Italy). Solvay says the acquisition more...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-Erca-Groups-specialty-chemical-assets_57137.html
November 26, 2013
German chemical companies have invested more money abroad than domestically for the first time since 2001, chemical industry association VCI (Frankfurt) says. Fixed foreign...
http://www.chemweek.com/sections/business_finance/usa_americas/German-chemical-companies-boost-US-investment-while-domestic-spending-stagnates_56940.html
November 22, 2013
A ninth North American cracker project has been announced. Odebrecht, a Brazilian engineering and construction firm that is the largest shareholder in Braskem, is exploring the possibility of building a petrochemical complex in West Virginia, the company said on 14 November....
http://www.chemweek.com/sections/business_finance/usa_americas/Odebrecht-exploring-cracker-derivatives-in-Marcellus-region_56879.html
November 22, 2013
The European Union and the United States have concluded the second round of week-long negotiations for the transatlantic trade and investment partnership (TTIP)....
http://www.chemweek.com/sections/business_finance/usa_americas/EU-US-conclude-second-round-of-trade-talks_56857.html
November 22, 2013
Sabic Innovative Plastics (Pittsfield, MA), has announced plans to close its acrylonitrile butadiene styrene (ABS) plant at Washington, WV, by mid-2015. Sabic will transfer some ABS...
http://www.chemweek.com/sections/business_finance/usa_americas/Sabic-to-close-West-Virginia-ABS-plant-consolidate-US-ABS-operations_56880.html
November 22, 2013
Dow Chemical has raised the cap for its previously announced debt tender offer from $500 million to $700 million in response to strong demand, the company says. Dow received early...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-raise-debt-buyback-limit-to-$700-million_56881.html
November 22, 2013
Late reporting chemical companies mostly beat earnings expectations, although special items had a big impact on results at Rockwood and Valspar. Rockwood recorded a big gain due to proceeds from a divestiture, while Valspar’s results were dragged down by restructuring charges....
http://www.chemweek.com/sections/business_finance/usa_americas/Late-earnings-mostly-beat-expectations_56882.html
November 22, 2013
Cabot announced on 19 November that it will pay a civil fine and add emission control technology to three of its US carbon black manufacturing sites as part of an agreement with EPA...
http://www.chemweek.com/sections/business_finance/usa_americas/Cabot-to-invest-$85-million-to-settle-EPA-emissions-charge_56883.html
November 22, 2013
ACC testified before the House Energy and Commerce Subcommittee on Environment and the Economy on 13 November to encourage Congress to update the Toxic Substances Control Act (TSCA). The hearing examined the Senate’s proposed Chemical Safety Improvement Act (CSIA) bill, which would revamp and modernize TSCA....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-urges-Congress-to-pass-chemical-management-reform_56884.html
November 22, 2013
EPA’s 2014 Renewable Fuel Standard (RFS) proposal lowers the amount of biofuels refiners are mandated to blend into fuels for the first time in the program’s history. The agency...
http://www.chemweek.com/sections/business_finance/usa_americas/EPA-proposes-lower-renewable-fuel-standard-mandate_56885.html
November 22, 2013
Regulatory issues—particularly Chemical Facility Anti-Terrorism Standards (CFATS) and Obama’s recently signed executive order to improve the chemical safety and security—was a...
http://www.chemweek.com/sections/business_finance/usa_americas/DHS-updates-on-CFATS-and-executive-order_56906.html
November 22, 2013
Airgas announced that it will build an air separation unit (ASU) at Prologis International Centre South, located at a Minooka, IL, industrial site. The construction of the facility is...
http://www.chemweek.com/sections/business_finance/usa_americas/Airgas-to-build-ASU-at-Minooka-IL_56911.html
November 21, 2013
The European Union intends to impose 'definitive antidumping duties' on biodiesel from Argentina and Indonesia, effective 27 November, the European Commission says. The measures...
http://www.chemweek.com/sections/business_finance/usa_americas/EU-to-impose-definitive-antidumping-duties-on-biodiesel-from-Argentina-Indonesia_56848.html
November 18, 2013
The European Union and the United States have concluded the second round of week-long negotiations for the transatlantic trade and investment partnership (TTIP). "Significant...
http://www.chemweek.com/sections/business_finance/usa_americas/EU-and-US-conclude-second-round-of-trade-negotiations-at-Brussels_56752.html
November 15, 2013
Amyris (Emeryville, CA) has announced the appointment of Paolo Diniz as interim CFO, effective 15 December. Diniz, currently president/Brazil at Amyris, will replace Steve Mills, who...
http://www.chemweek.com/sections/business_finance/usa_americas/Amyris-appoints-interim-CFO_56726.html
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