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November 8, 2013
Specialty chemical makers mostly beat estimates with resilient earnings, since major end markets, such as paints, water treatment, and agriculture grew. Some businesses, partcularly...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-earnings-hold-on-resilient-end-markets_56555.html
November 8, 2013
Ashland says that it expects to complete the sale of the water treatment segment in early 2014. The company announced over the summer that it was considering the sale, which could attract more than $1 billion ( CW; July 22/29, p.4), analysts say....
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-confirms-water-treatment-sale_56579.html
November 8, 2013
Activist hedge fund Starboard Value (New York), which effected a change in Calgon Carbon’s board earlier this year, has released a letter to management calling for the conversion...
http://www.chemweek.com/sections/business_finance/usa_americas/Hedge-fund-advocates-MLP-for-Calgon-Carbon_56580.html
November 8, 2013
Innospec has acquired oilfield chemicals firm Bachman Services (Oklahoma City) for an undisclosed sum. Bachman has annual revenues of about $80 million, Innospec says. Along with...
http://www.chemweek.com/sections/business_finance/usa_americas/Innospec-acquires-oilfield-chemicals-firm_56581.html
November 8, 2013
DuPont officials say the late October announcement to proceed with a spin-off of its performance chemicals allows the company to better align the strategic focus and capital structure...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-will-spin-off-not-sell-performance-chemicals_56582.html
October 30, 2013
Syngenta says it has registered Fortenza, a novel insecticide for use on soybean, corn, and sunflower, in Argentina. The company says that further registration is pending in several...
http://www.chemweek.com/sections/business_finance/usa_americas/Syngenta-launches-insecticide-for-seed-treatment_56311.html
October 28, 2013
DuPont says it has opened the second phase of its China R&D center at the Zhangjiang Hi-Tech Park, at Shanghai. The center will house an additional 150 researchers, and the floor...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-expands-R-and-D-center-in-China_56244.html
October 25, 2013
Air Products says it plans to build, own, and operate a hydrogen production plant adjacent to Shell Canada’s Scotford, AB, site. Hydrogen capacity at the facility will be 150...
http://www.chemweek.com/sections/business_finance/usa_americas/Air-Products-to-build-hydrogen-facility-for-Shell_56168.html
October 25, 2013
Braskem says it will invest 50 million reais ($22.9 million) to expand its production capacity for linear low-density polyethylene by 120,000 m.t./year at the Camaçari, Brazil...
http://www.chemweek.com/sections/business_finance/usa_americas/Braskem-to-boost-LLDPE-renews-green-PE-distribution-agreement_56169.html
October 25, 2013
The US Supreme Court announced 15 October that it will hear six cases concerning whether EPA has overextended authority under the Clean Air Act (CAA) by attempting to regulate greenhouse gas (GHG) emissions from stationary sources....
http://www.chemweek.com/sections/business_finance/usa_americas/Supreme-Court-agrees-to-review-EPA-GHG-rules_56170.html
October 25, 2013
Platform Acquisition Holdings has agreed to acquire specialty chemical maker MacDermid (Denver) for $1.8 billion. Platform, a blank-check firm formed by Jarden executive chairman...
http://www.chemweek.com/sections/business_finance/usa_americas/Platform-acquires-MacDermid-for-$1-8-billion-plans-more-deals_56208.html
October 25, 2013
W.R. Grace has agreed to acquire Dow Chemical’s Unipol polypropylene (PP) licensing and catalyst business for $500 million. The transaction is expected to close by year-end....
http://www.chemweek.com/sections/business_finance/usa_americas/Grace-to-acquire-Dows-PP-catalyst-licensing-business-for-$500-million_56209.html
October 25, 2013
Chemtura has reached an agreement to sell its pool and spa chemicals business to KIK Custom Products (Toronto) for $315 million. Chemtura has also announced that is exploring the sale of its agricultural chemicals segment....
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtura-sells-pool-chemicals-and-explores-sale-of-agchems_56210.html
October 25, 2013
Huntsman began installation of a third ethylene oxide (EO) unit at its Port Neches, TX, site on 22 October. The 120,000-m.t./year unit will increase the site’s EO capacity by...
http://www.chemweek.com/sections/business_finance/usa_americas/Huntsman-breaks-ground-on-Port-Neches-EO-expansion_56211.html
October 25, 2013
Enterprise Products Partners (Houston) is expanding its planned Aegis Pipeline to 20 inches in diameter, a size that will permit delivery of up to 425,000 bbl/day of ethane to...
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-increases-capacity-of-planned-Aegis-pipeline_56212.html
October 25, 2013
Specialty chemical companies mostly beat analysts’ estimates during the third quarter, even as charges dragged down earnings in many cases. PPG Industries was hit by...
http://www.chemweek.com/sections/business_finance/usa_americas/Specialty-chemical-earnings-mostly-beat-expectations_56213.html
October 25, 2013
KMG Chemicals says it will close a former OM Group site at Fremont, CA, by 31 March 2014. The site, acquired along with OM’s ultrapure chemicals (UPC) business earlier this year...
http://www.chemweek.com/sections/business_finance/usa_americas/KMG-Chemicals-to-shut-former-OM-Group-electronic-chemicals-site_56214.html
October 25, 2013
Albemarle says it will expand its active pharmaceutical ingredient (API) operations at South Haven, MI. The expansion of the plant’s kilo lab will help the company meet customer...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-expands-API-plant-in-Michigan_56215.html
October 17, 2013
DuPont and Honeywell say they have formed a 50-50 joint venture to build a facility to make a jointly developed automotive air conditioning refrigerant that complies with upcoming EU...
http://www.chemweek.com/sections/business_finance/usa_americas/Honeywell-DuPont-Form-JV-to-Produce-Refrigerant_26919.html
October 17, 2013
Trian Fund Management (New York), led by activist investor Nelson Peltz, has acquired a 2.3% stake in DuPont and met with company management to outline strategic changes, sources tell CW....
http://www.chemweek.com/sections/business_finance/usa_americas/Activist-hedge-fund-Trian-takes-2-3-percent-stake-in-DuPont_54657.html
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