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March 19, 2015
Royal Dutch Shell and the United Steelworkers (USW; Pittsburgh) union reached a tentative agreement 12 March on a four-year labor agreement, but not all petrochemical plant or refinery...
March 19, 2015
Wacker Chemie says that the construction of its $2-billion polysilicon plant at Charleston, TN, is in the “home straight” and will ramp up to full capacity in this year...
March 19, 2015
One Rock Capital (New York), a private equity firm affiliated with Mitsubishi Corp., has purchased a stake in Compass Chemical (Smyrna, GA), a maker of organophosphates. Terms of the...
March 19, 2015
Albemarle has entered into discussions with its Mideast partner Ali & Sons Oilfield Supplies & Services (ASOS) to construct a manufacturing facility for fluidized catalytic...
March 19, 2015
Antioxidants maker Addivant, owned by private equity firm SK Capital (New York), on 17 March named John Steitz CEO. Steitz was most recently COO at PQ Corp. and has served as COO of Albemarle and CEO of Avantor Performance Materials....
March 19, 2015
LSB Industries (Oklahoma City) has begun a search to fill a new position on its senior management team, president of the LSB chemical business. “We’ve made significant...
March 19, 2015
Canexus (Calgary, AB) says that it has engaged a financial adviser to explore the potential sale of Canexus’s chlor-alkali operation at North Vancouver, BC. The company says that...
March 12, 2015
US Senators David Vitter (R., LA) and Tom Udall (D., NM) on 10 March introduced the Frank R. Lautenberg Chemical Safety for the 21st Century Act, major bipartisan legislation aimed at updating the Toxic Substances Control Act (TSCA) of 1976....
March 12, 2015
DuPont and activist hedge fund Trian Fund Management (New York) early in March traded barbs over DuPont’s rejection of a universal proxy card for the company’s upcoming...
March 12, 2015
Trinseo reports a net loss of $30 million for the fourth quarter, down from a net profit of $11 million in the year-ago quarter largely because of inventory revaluation driven by declining crude oil prices....
March 12, 2015
Huntsman says that it plans to restructure its color pigments business, including reducing its head count by 120 positions. The move forms part of a previously announced plan to...
March 12, 2015
M&A activity in the chemical industry increased in 2014 as compared with the year prior with both value and volume increases. M&A deal equity value rose 58% year-on-year (YOY), to $49 billion, in 2014, according to data compiled by Young & Partners (Y&P; New York), an investment bank. Deal value was over double the 2012’s figure; however, it remained 40% below the previous peak of $82 billion, reached in 2011....
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