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August 9, 2013
W.R. Grace plans to close its 35,000-m.t./year silica sol based fluidized catalytic cracking (FCC) catalyst manufacturing operation at Lake Charles, LA during the third quarter. Grace...
http://www.chemweek.com/sections/business_finance/usa_americas/W-R-Grace-to-exit-silica-sol-FCC-catalyst-production_54367.html
August 9, 2013
President Obama has signed an executive order to improve the safety and security of chemical facilities and reduce the risks of hazardous chemicals....
http://www.chemweek.com/sections/business_finance/usa_americas/President-Obama-orders-review-of-chemical-safety_54368.html
August 9, 2013
BASF says it is exiting the manufacture of membrane electrode assemblies (MEAs) for fuel cells and will focus its fuel cell business on catalysts and adsorbents. The exit of the MEA...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-restructures-fuel-cell-unit-and-closes-NJ-facility_54369.html
August 9, 2013
Altana (Wesel, Germany) says it has agreed to acquire the rheology additives, or clay-based additives, business of Rockwood Holdings, for $635 million. The clay-based additives...
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-to-sell-rheology-additives-business-to-Altana-for-$635-million_54370.html
August 9, 2013
Specialty earnings were mixed: Ecolab and FMC report year-on-year (YOY) increases due to strength in the energy and agricultural end markets, respectively, while Rockwood was hit by...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-mixed-on-varying-market-demand_54371.html
August 9, 2013
Senator Barbara Boxer (D., CA), chair of the Senate Committee on Environment and Public Works (EPW), has stated opposition to the state preemption provisions in the Chemical Safety...
http://www.chemweek.com/sections/business_finance/usa_americas/Senator-Boxer-criticizes-bipartisan-TSCA-reform-bill_54385.html
August 9, 2013
Pershing Square Capital Management (New York), a $10-billion hedge fund run by activist investor Bill Ackman, has acquired a 9.8% stake in Air Products valued at more than $2 billion, according to regulatory filings disclosed on 31 July. The firm, which often takes an active role at investments, says in the filing that Air Products “is undervalued and is an attractive investment.”...
http://www.chemweek.com/sections/business_finance/usa_americas/Activist-hedge-fund-takes-9-8-percent-stake-in-Air-Products_54386.html
August 9, 2013
In a complaint filed with the Texas Railroad Commission (TRRC) on 29 July, Eastman Chemical accuses Westlake of making a “discriminatory, unlawful, unreasonable, and...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-Westlake-fight-over-Longview-ethylene-pipeline_54387.html
August 9, 2013
Williams announced on 31 July that it plans to restart its damaged Geismar, LA, olefins plant in April 2014. The plant has been off-line since an explosion on 13 June that killed two...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-expects-Geismar-cracker-will-restart-in-April-2014_54388.html
August 9, 2013
Second-quarter results at US basic and diversified firms benefitted from acquistions and access to cost-advantaged feedstocks, although slow global economic growth continues to dampen...
http://www.chemweek.com/sections/business_finance/usa_americas/Commodity-and-diversified-results-continue-to-be-mixed_54389.html
August 6, 2013
International Flavors and Fragrances (IFF) reported second-quarter net income of $102 million, up 15% from the year-ago quarter. Sales increased 5% year-on-year (YOY), to $758 million...
http://www.chemweek.com/sections/business_finance/usa_americas/IFF-reports-15-percent-earnings-gain-but-lags-estimates_54255.html
July 26, 2013
Pappas: Styron, soon Trinseo, seeks listing. Styron has filed with U.S. regulators for a proposed initial public offering (IPO), seeking to raise as much as $400 million. The filing is...
http://www.chemweek.com/sections/business_finance/usa_americas/Bain-Capitals-Styron-Files-for-$400-Million-IPO_36013.html
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
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