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May 21, 2013
Financial results from commodity and diversified firms continue to reflect persistent weakness in the global economy, although expanding ethylene margins have helped many stave off...
http://www.chemweek.com/sections/business_finance/usa_americas/First-quarter-profits-pressured-despite-strong-ethylene-margins_52111.html
May 21, 2013
Lanxess says its Rhein Chemie (Mannheim, Germany) subsidiary has opened a previously announced new facility for high-performance curing bladders, which are used in the production of...
http://www.chemweek.com/sections/business_finance/usa_americas/Lanxess-opens-production-facility-for-curing-bladders_52110.html
May 21, 2013
The US Department of Agriculture (USDA) says it is extending its regulatory review of two genetically modified seeds in order to evaluate the impact of increased use of the associated herbicides, a move that delays the commercial launch of potentially blockbuster product lines for Dow AgroSciences and Monsanto....
http://www.chemweek.com/sections/business_finance/usa_americas/USDA-orders-additional-review-of-Dow-Monsanto-traits_52108.html
May 21, 2013
Ferro has reached an agreement with FrontFour Capital and Quinpario Partners, agreeing to support two out of three of the shareholder group’s board nominees. The deal comes after...
http://www.chemweek.com/sections/business_finance/usa_americas/Ferro-shareholder-group-reach-agreement-on-board-nominees_52107.html
May 21, 2013
Biobased succinic acid firm BioAmber (Minneapolis) raised $80 million in an initial public offering—capital it will use toward construction of its first production asset set to...
http://www.chemweek.com/sections/business_finance/usa_americas/BioAmber-raises-$80-million-in-initial-public-offering_52106.html
May 21, 2013
Late-reporting specialty chemical companies mostly report solid earnings, since the US construction rebound lifted Valspar’s results and IFF benefitted from low raw materials...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mostly-solid-on-steady-sales_52097.html
May 21, 2013
A fire at Formosa Plastics’ Point Comfort, TX, on 2 May injured 16 people and shut down the PE-1 high-density polyethylene (HDPE) unit, which produces Formolene...
http://www.chemweek.com/sections/business_finance/usa_americas/Formosa-Point-Comfort-fire-impacts-US-HDPE-supplies_52096.html
May 21, 2013
ACC has launched a new Responsible Care product safety code, requiring member companies to implement 11 management practices to evaluate and continuously improve product safety performance....
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-adds-product-safety-code-to-Responsible-Care_52080.html
May 21, 2013
A final resolution has been completed in the K-Dow arbitration between Dow Chemical and the Petrochemical Industries Company (PIC; Kuwait City, Kuwait), with Dow confirming on 7 May...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-awarded-final-$2-2-billion-payment-in-K-Dow-arbitration_52079.html
May 21, 2013
Praxair and Air Products have announced their support of the Helium Stewardship Act of 2013, which seeks to to reform and reauthorize private helium sales from the federal helium...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-Praxair-support-the-Helium-Stewardship-Act_52078.html
May 21, 2013
Oil field chemicals maker Flotek Industries has signed a definitive agreement to acquire Winter Haven, FL–based Florida Chemical, the world’s largest processor of citrus...
http://www.chemweek.com/sections/business_finance/usa_americas/Flotek-acquires-citrus-oils-company-for-$102-million_52053.html
May 3, 2013
Oil companies report mixed first-quarter earnings for their petrochemical businesses: gains for ExxonMobil and Phillips 66, but declines for Chevron, Occidental Petroleum, and BP...
http://www.chemweek.com/sections/business_finance/usa_americas/Oil-firms-report-mixed-first-quarter-chemical-results_51712.html
May 3, 2013
Vale (Rio de Janeiro) signed an agreement on 26 April with the Argentinean government and trade unions allowing the company to quit the Rio Colorado potash project in the province of...
http://www.chemweek.com/sections/business_finance/usa_americas/Vale-signs-agreement-to-exit-Argentina-potash-project_51731.html
May 3, 2013
KMG Chemicals has agreed to acquire OM Group’s high-purity electronic chemicals business in a $60-million deal, the company says. The ultrapure chemicals (UPC) business supplies...
http://www.chemweek.com/sections/business_finance/usa_americas/KMG-to-acquire-OM-Groups-high-purity-chemicals-business_51732.html
May 3, 2013
FMC is considering the sale of its peroxygens business, a leading producer of hydrogen peroxide and persulfates....
http://www.chemweek.com/sections/business_finance/usa_americas/FMC-considering-sale-of-hydrogen-peroxide_51733.html
May 3, 2013
Georgia-Pacific (Atlanta), owned by Koch Industries, plans to acquire Buckeye Technologies (Memphis, TN) in a $1.5-billion deal including debt, the companies have announced. The deal...
http://www.chemweek.com/sections/business_finance/usa_americas/Georgia-Pacific-to-acquire-chemical-cellulose-firm_51734.html
May 3, 2013
First-quarter earnings at specialty chemical firms were varied depending on end market. Ecolab’s adjusted income was driven up by higher margins and solid water treatment...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-vary-on-divergent-end-markets_51713.html
May 3, 2013
Offshore shipments, particularly to China and India, helped major North American fertilizer companies improve earnings and offset colder-than-normal conditions in the United States...
http://www.chemweek.com/sections/business_finance/usa_americas/Fertilizer-companies-report-strong-earnings-on-higher-potash-demand_51735.html
May 3, 2013
A report from the Government Accountability Office (GAO) says that despite EPA’s increased efforts to assess and regulate potentially harmful chemicals under the Toxic Substances...
http://www.chemweek.com/sections/business_finance/usa_americas/GAO-says-EPA-chemical-management-policy-lacks-teeth_51736.html
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