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July 26, 2013
Omnova Solutions says it will shift excess styrene butadiene (SB) latex capacity at its plant in Mogadore, OH, to production of styrene-acrylic and other specialty emulsion polymers...
http://www.chemweek.com/sections/business_finance/usa_americas/Omnova-to-restructure-SB-latex-capacity-at-Ohio-site_53957.html
July 26, 2013
PolyOne will close six former Spartech facilities in Indiana, Illinois, Wisconsin, Missouri, Pennsylvania, and Louisiana by the end of 2014, the company says. The closures are expected...
http://www.chemweek.com/sections/business_finance/usa_americas/PolyOne-to-close-six-Spartech-facilities-and-cut-250-staff_53956.html
July 26, 2013
Cytec has sold its industrial materials distribution product line to Cathay Investments (West Sussex, UK) for £5.5 million ($8.6 million). The business, which had about $20 million in...
http://www.chemweek.com/sections/business_finance/usa_americas/Cytec-sells-distribution-product-line-reorganizes-production-facilities_53950.html
July 26, 2013
The Senate voted 59-40 on 18 July to confirm Gina McCarthy as EPA head, ending a more than four-month standoff over what some Republicans claim is a lack of transparency and overreaching of authority by the EPA....
http://www.chemweek.com/sections/business_finance/usa_americas/Senate-confirms-Gina-McCarthy-as-EPA-chief-following-4-month-delay_53954.html
July 26, 2013
Monsanto announced on 19 July that it will no longer pursue regulatory approval to cultivate biotech seeds in the European Union and will focus European operations on conventional seeds and enabling imports of biotech crops into the European Union....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-to-stop-pursuing-GM-seed-approvals-in-Europe_53955.html
July 26, 2013
Specialty chemical makers have mostly reported increased earnings and sales despite market difficulties. The rebound in the North American construction market buoyed results for PPG...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mostly-up-on-improving-end-markets_53919.html
July 26, 2013
Sherwin-Williams (SW) says that Mexico’s federal competition commission has voted three to two against authorizing the company’s $2.34-billion acquisition of Comex, which...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexican-authorities-halt-Sherwin-Williams-Comex-acquisition_53918.html
July 26, 2013
Economic headwinds are evident in second-quarter diversified results, which showed year-on-year (YOY) declines nearly across the board. Companies, however, generally met lowered...
http://www.chemweek.com/sections/business_finance/usa_americas/Diversified-results-reflect-economic-headwinds_53951.html
July 26, 2013
Honeywell’s performance materials unit plans to invest $169 million on production capacity for new products and $39 million to support ongoing operations in Louisiana, the company...
http://www.chemweek.com/sections/business_finance/usa_americas/Honeywell-plans-$200-million-capital-program-for-Louisiana_53952.html
July 26, 2013
Valero, the largest independent refiner in the United States, plans to expand its position in the petrochemical market with the installation of a 1.6-million m.t./year methanol plant...
http://www.chemweek.com/sections/business_finance/usa_americas/Valero-plans-1-6-million-m-t-methanol-plant-at-St-Charles_53953.html
July 22, 2013
Expectations for a modest improvement in semiconductor demand and new materials development opportunities presented by next-generation chip architectures helped fuel optimistic...
http://www.chemweek.com/sections/business_finance/usa_americas/Semicon-West-2013-Outlook-positive-as-chip-demand-rebounds_53584.html
July 19, 2013
The Biotechnology Industry Organization (BIO; Washington) has named Scott Whitaker as president/BIO International Convention, effective immediately, BIO says. Whitaker will also...
http://www.chemweek.com/sections/business_finance/usa_americas/BIO-names-president-of-international-convention_53772.html
July 12, 2013
Shell Chemical has extended by six months its option to buy a site at Monaca, PA, for the location of a world-scale cracker that would process ethane from the Marcellus shale play...
http://www.chemweek.com/sections/business_finance/usa_americas/Shell-extends-option-on-Marcellus-cracker-site-for-six-more-months_53582.html
July 12, 2013
Argex Titanium says it has entered into a long-term supply titanium dioxide (TiO2) agreement with PPG Industries. Argex is currently conducting a feasibility study on a...
http://www.chemweek.com/sections/business_finance/usa_americas/Argex-announces-TiO2-purchase-agreement-with-PPG_53580.html
July 12, 2013
Biobased succinic acid firm Myriant (Quincy, MA) announced on 2 July that Stephen Gatto has resigned as CEO but will continue to serve on the company’s board....
http://www.chemweek.com/sections/business_finance/usa_americas/Myriant-CEO-steps-down-new-president-named_53581.html
July 12, 2013
Biopesticide firm Marrone Bio (Davis, CA) has filed for an initial public offering, seeking to raise up $60 million. Additional terms have not been disclosed. Founded in 2006, the...
http://www.chemweek.com/sections/business_finance/usa_americas/Biopesticide-firm-Marrone-Bio-files-for-$60-million-IPO_53583.html
July 12, 2013
Huntsman has signed a definitive agreement to acquire the business of Oxid (Houston), a privately held manufacturer and marketer of specialty urethane polyols. Financial terms of the...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-to-acquire-US-polyols-manufacturer-Oxid_53568.html
July 12, 2013
A. Schulman dropped its bid for Ferro earlier in July, four months after offering $855 million for the company....
http://www.chemweek.com/sections/business_finance/usa_americas/Schulman-drops-Ferro-bid-earnings-disappoint_53569.html
July 12, 2013
The US SEC has charged a former Dow Chemical executive and two others with insider trading ahead of Dow’s $18.8-billion acquisition of Rohm and Haas. The SEC’s complaint...
http://www.chemweek.com/sections/business_finance/usa_americas/SEC-charges-former-Dow-IT-executive-with-insider-trading_53570.html
July 12, 2013
OCI Resources, a newly launched affiliate of soda ash producer OCI Chemical (Atlanta), has filed with the SEC to raise up to $115 million in an initial public offering. OCI Resources...
http://www.chemweek.com/sections/business_finance/usa_americas/Soda-ash-producer-OCI-Resources-files-for-an-IPO-in-New-York_53571.html
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