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February 18, 2016
Railroad company CSX (Jacksonville, FL) says that it will streamline operations at 16 lower-volume mechanical facilities. The measures will affect approximately 116 CSX mechanical...
February 18, 2016
M&A activity among high-yield chemical debt issuers looks set to continue apace in 2016, although private equity firms are operating at a disadvantage, according to a new report by...
February 18, 2016
ExxonMobil confirmed on 12 February that its Beaumont, TX, chemical plant has resumed normal operations. The refinery at Beaumont resumed operations one week earlier. Both the refinery...
February 18, 2016
LSB Industries (Oklahoma City) says its new 375,000-m.t./year ammonia plant at El Dorado, AR, is mechanically complete. The development brings LSB’s $800-million-plus El Dorado...
February 18, 2016
Braskem swung to profit in the fourth quarter of 2015, with net earnings of 158 million Brazilian reais ($39.1 million) from a R$24-million loss one year earlier. The results were...
February 18, 2016
Fertilizer firms Agrium and Mosaic have reported mixed results, with Agrium beating analyst expectations and Mosaic falling short. Sales fell for both companies, and Mosaic’s...
February 18, 2016
Albemarle and Valspar report solid quarterly results, with Albemarle beating analyst estimates and Valspar matching them. The strong dollar hit results at both companies, but Albemarle reports strong results in lithium and surface treatment, and Valspar benefited from cost cutting....
February 11, 2016
Diversified producers in the United States say revenues dropped during the fourth quarter mainly on lower prices but, in some cases, lower volumes. Earnings generally improved for...
February 11, 2016
Specialty chemical makers report mixed results, with sales down because of the strong dollar and volumes and margins varying by end market. Some companies were able to maintain...
February 11, 2016
Weakness in a variety of industrial markets hit gases results as demand fell from key markets in metals, manufacturing, and energy. Industrial production growth slowed worldwide in the...
February 11, 2016
Axiall (Atlanta) has rejected a $2.9-billion acquisition bid by Westlake Chemical (Houston), saying the valuation is far too low. Analysts say the proposed combination, which would create North America’s second-largest producer of polyvinyl chloride, makes strategic sense, however, and that Westlake has room to increase its bid. Westlake offered $20 for each share of Axiall—$11 in cash and $9 in Westlake stock, for a 108% premium over Axiall’s closing price of $9.60/share on 22 January, the last trading day before the proposal....
February 11, 2016
Chemours is planning to build a $178-million plant to produce the refrigerant HFO-1234yf at Ingleside, TX. The hydrofluoroolefin (HFO) is the cornerstone of the company’s Opteon...
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