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December 13, 2013
Monsanto and Novozymes have entered into a long-term strategic alliance to jointly develop agricultural biologicals for global broadacre crops, fruits, and vegetables....
http://www.chemweek.com/sections/business_finance/usa_americas/Monsanto-Novozymes-form-ag-biologicals-alliance_57355.html
December 13, 2013
Private equity firm Arsenal Capital (New York) has purchased Flowchem (Waller, TX), a maker of specialty chemicals for pipelines....
http://www.chemweek.com/sections/business_finance/usa_americas/Arsenal-Capital-buys-pipeline-chemicals-firm-Flowchem_57366.html
December 13, 2013
Mosaic has announced that it has entered into an agreement to repurchase 43.3 million restricted Class-A shares—roughly 10% of shares outstanding—over the next eight months from...
http://www.chemweek.com/sections/business_finance/usa_americas/Mosaic-to-repurchase-shares-from-Cargill-trusts_57367.html
December 13, 2013
Private equity firm Apollo Management (New York) is selling 10 million shares in Taminco at $20/share in a secondary public offering, the company says. Apollo, which owns 70.5% of...
http://www.chemweek.com/sections/business_finance/usa_americas/Apollo-to-cut-Taminco-stake_57368.html
December 13, 2013
The engineering team at Emerald Polymer Additives and Nitriles (Akron, OH), a business group of Emerald Performance Materials, has commissioned a pilot plant to expand the group’s...
http://www.chemweek.com/sections/business_finance/usa_americas/Emerald-commissions-Nychem-pilot-plant_57370.html
December 13, 2013
Enterprise Products Partners says it expects commercial service on its Appalachia-to-Texas Express (ATEX) natural gas liquids (NGLs) pipeline to begin in January 2014. Enterprise says the process of injecting ethane into ATEX began in late November and will continue throughout December....
http://www.chemweek.com/sections/business_finance/usa_americas/Enterprise-begins-filling-Marcellus-to-Texas-NGL-pipeline_57371.html
December 6, 2013
Investments in the United States and China are key elements of Sabic’s new 2025 strategy, CEO Mohamed Al Mady told CW recently....
http://www.chemweek.com/sections/business_finance/usa_americas/Exclusive-US-and-China-are-key-focus-of-Sabics-strategy_57129.html
December 6, 2013
Merck KGaA (Darmstadt, Germany) is looking to strengthen its presence in the prescription pharmaceuticals market in the United States and is open to more collaborations and acquisitions....
http://www.chemweek.com/sections/business_finance/usa_americas/Merck-KGaA-eyes-pharma-acquisitions-in-the-US_57130.html
December 6, 2013
ACC president and CEO Cal Dooley, on 4 December, outlined a number of key policy issues, including an overhaul of the Toxic Substances Control Act (TSCA), a comprehensive energy policy, and the removal of barriers to trade as ACC’s top 2014 advocacy priorities....
http://www.chemweek.com/sections/business_finance/usa_americas/TSCA-reform-and-energy-policy-top-ACCs-agenda_57133.html
December 6, 2013
PotashCorp says it will reduce its workforce in Canada, the United States, and Trinidad by approximately 18%, equivalent to more than 1,000 people. “Despite confidence in the...
http://www.chemweek.com/sections/business_finance/usa_americas/PotashCorp-to-slash-more-than-1000-jobs-close-plants_57134.html
December 6, 2013
Dow Corning says it will buy out Mitsubishi Materials’ (Tokyo) stake in the Hemlock Semiconductor Group joint ventures for $240 million. Dow Corning has purchased Mitsubishi Materials’ 12.125% ownership share in both Hemlock Semiconductor Corp. and Hemlock Semiconductor LLC....
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-Corning-buys-Mitsubishi-Materials-stake-in-Hemlock_57135.html
December 6, 2013
Sulfuric acid maker Chemtrade (Toronto) says it has acquired General Chemical (Parsippany, NJ) from private equity firm American Securities (New York) for $860 million. General...
http://www.chemweek.com/sections/business_finance/usa_americas/Chemtrade-acquires-General-Chemical-from-private-equity_57136.html
December 6, 2013
Solvay has agreed to acquire the specialty chemical assets of Erca Química (Itatiba, Brazil), a subsidiary of Erca Group (Grassobbio, Italy). Solvay says the acquisition more...
http://www.chemweek.com/sections/business_finance/usa_americas/Solvay-to-acquire-Erca-Groups-specialty-chemical-assets_57137.html
November 26, 2013
German chemical companies have invested more money abroad than domestically for the first time since 2001, chemical industry association VCI (Frankfurt) says. Fixed foreign...
http://www.chemweek.com/sections/business_finance/usa_americas/German-chemical-companies-boost-US-investment-while-domestic-spending-stagnates_56940.html
November 22, 2013
A ninth North American cracker project has been announced. Odebrecht, a Brazilian engineering and construction firm that is the largest shareholder in Braskem, is exploring the possibility of building a petrochemical complex in West Virginia, the company said on 14 November....
http://www.chemweek.com/sections/business_finance/usa_americas/Odebrecht-exploring-cracker-derivatives-in-Marcellus-region_56879.html
November 22, 2013
The European Union and the United States have concluded the second round of week-long negotiations for the transatlantic trade and investment partnership (TTIP)....
http://www.chemweek.com/sections/business_finance/usa_americas/EU-US-conclude-second-round-of-trade-talks_56857.html
November 22, 2013
Sabic Innovative Plastics (Pittsfield, MA), has announced plans to close its acrylonitrile butadiene styrene (ABS) plant at Washington, WV, by mid-2015. Sabic will transfer some ABS...
http://www.chemweek.com/sections/business_finance/usa_americas/Sabic-to-close-West-Virginia-ABS-plant-consolidate-US-ABS-operations_56880.html
November 22, 2013
Dow Chemical has raised the cap for its previously announced debt tender offer from $500 million to $700 million in response to strong demand, the company says. Dow received early...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-to-raise-debt-buyback-limit-to-$700-million_56881.html
November 22, 2013
Late reporting chemical companies mostly beat earnings expectations, although special items had a big impact on results at Rockwood and Valspar. Rockwood recorded a big gain due to proceeds from a divestiture, while Valspar’s results were dragged down by restructuring charges....
http://www.chemweek.com/sections/business_finance/usa_americas/Late-earnings-mostly-beat-expectations_56882.html
November 22, 2013
Cabot announced on 19 November that it will pay a civil fine and add emission control technology to three of its US carbon black manufacturing sites as part of an agreement with EPA...
http://www.chemweek.com/sections/business_finance/usa_americas/Cabot-to-invest-$85-million-to-settle-EPA-emissions-charge_56883.html
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