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August 13, 2015
K+S (Kassel, Germany) said on 7 August that PotashCorp had again sent an unsolicited letter to the management and supervisory boards of K+S proposing a “business combination agreement” based on an unchanged price of €41/share. K+S rejected in July a €41/share bid from PotashCorp, valuing K+S at €7.9 billion ($8.80 billion)....
August 13, 2015
Commodity firms continue to report second-quarter results. On the petrochemical side, improvement in vinyls and styrenics lifted results. On the inorganic side, soda ash, potash, and...
August 13, 2015
Despite generally positive end-market trends, US specialty chemical makers report mixed second-quarter results, since the strong US dollar continues to take its toll. Axalta reports...
August 5, 2015
Swan Chemical, a wholly owned subsidiary of specialty chemicals firm Thomas Swan (Consett, UK) says it has acquired Production Systems Inc. (PSI; Akron, OH), a distributor of a range...
August 4, 2015
Sun Chemical (Parsippany, NJ), a wholly owned subsidiary of DIC (Tokyo), has announced that it has acquired Kingfisher Colours (Reading, UK), a privately owned cosmetics color...
July 30, 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...
July 30, 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...
July 30, 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...
July 30, 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...
July 30, 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...
July 30, 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....
July 30, 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...
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