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December 14, 2012
Albemarle is expanding its specialty chemical facility at Orangeburg, SC—a $65-million investment, the company says. Separately, the company has completed an expansion at its Tyrone...
http://www.chemweek.com/sections/business_finance/usa_americas/Albemarle-expands-at-South-Carolina-Pennsylvania-sites_48368.html
December 14, 2012
freeport: New Texas cracker expected to start in 2017. Dow Chemical says that cost reductions and capital spending curtailments will keep the company on track to meet a near-term...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-adjusts-strategy-toslow-growth-world_48369.html
December 14, 2012
3M says it is expanding production capacity at its Decatur, AL, site for polymers used to produce fluoroelastomers and polymer processing additives. Plans include upgraded equipment...
http://www.chemweek.com/sections/business_finance/usa_americas/3M-invests-in-Decatur-site-for-fluoroelastomers_48370.html
December 14, 2012
Private equity firms Uni-World Capital (New York) and Brightwood Capital Advisors (New York) have acquired phosgene maker VanDeMark Chemical (Lockport, NY) from Buckingham Capital (New...
http://www.chemweek.com/sections/business_finance/usa_americas/VanDeMark-Chemical-changes-private-equity-owners_48371.html
December 14, 2012
DuPont has broken ground on a $200-million cellulosic ethanol facility in Nevada, IA, the company announced Friday. Slated for completion in mid-2014, the facility is expected to...
http://www.chemweek.com/sections/business_finance/usa_americas/DuPont-breaks-ground-on-$200-million-cellulosics-facility_48372.html
December 14, 2012
Eastman Chemical executives expect to maintain double-digit annual earnings growth through 2015 as the company capitalizes on its portfolio transformation to primarily specialty...
http://www.chemweek.com/sections/business_finance/usa_americas/Eastman-forecasts-double-digit-earnings-growth-through-2015_48374.html
December 14, 2012
A senior Dow Chemical executive has lambasted a report, commissioned by the US Department of Energy (DOE), that concludes the US economy would benefit more from the export of...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-DOEs-new-LNG-export-study-is-baffling-misleading_48375.html
November 30, 2012
Ashland has named Luis Fernandez-Moreno as company v.p. and president of Ashland’s water technologies segment. Fernandez-Moreno most recently served as executive v.p. of Arch...
http://www.chemweek.com/sections/business_finance/usa_americas/Ashland-names-new-water-technologies-president_48031.html
November 30, 2012
Reckitt Benckiser (Slough, UK) has signed a definitive merger agreement with Schiff Nutrition International (Salt Lake City), a leading provider of branded vitamins, nutrition...
http://www.chemweek.com/sections/business_finance/usa_americas/Reckitt-to-buy-Schiff-for-$1-4-billion-Bayer-gets-$22-million-break-up-fee_48032.html
November 30, 2012
Jahn: Distributors need clarification of Clean Air Act. With the 2012 presidential election over, the National Association of Chemical Distributors (NACD; Washington) says it will work...
http://www.chemweek.com/sections/business_finance/usa_americas/NACD-2012-Emphasis-on-regulatory-outreach_48033.html
November 30, 2012
Seed strife: DOJ ends inquiry into licensing practices. The US Department of Justice’s (DOJ) antitrust division has closed an investigation into possible anticompetitive...
http://www.chemweek.com/sections/business_finance/usa_americas/DOJ-drops-antitrust-inquiry-into-seed-industry-and-Monsanto_48059.html
November 30, 2012
Ghasemi: Bid for Talison is final. Rockwood received its last necessary regulatory approval for its C$724-million ($730 million) acquisition of Talison Lithium (Perth, Australia) and...
http://www.chemweek.com/sections/business_finance/usa_americas/Rockwood-says-offer-to-acquire-Talison-is-final_48060.html
November 30, 2012
BASF has completed the acquisition of biological seed treatment firm Becker Underwood (Ames, IA) from Norwest Equity Partners, for €785 million ($1.02 billion). BASF announced...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-completes-Becker-Underwood-purchase_48061.html
November 30, 2012
Advancing algae: Solayzme signs manufacturing pact with ADM, expands relationship with Bunge. Archer Daniels Midland (ADM) has agreed to manufacture up to 100,000 m.t. of...
http://www.chemweek.com/sections/business_finance/usa_americas/Solazyme-ADM-to-produce-algal-oils-at-former-Telles-unit_48062.html
November 30, 2012
BASF says it will expand production at its Chattanooga, TN, emulsion polymers plant, adding capability for production of styrene-acrylic (SA) emulsion polymers. The expanded plant will...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-to-expand-emulsions-at-Chattanooga-TN_48063.html
November 30, 2012
Mexichem has abandoned a planned vinyl chloride monomer (VCM) manufacturing joint venture with Mexico’s state oil company Petróleos Mexicanos (Pemex; Mexico City) because...
http://www.chemweek.com/sections/business_finance/usa_americas/Mexichem-pulls-out-of-planned-VCM-deal-with-Pemex_48064.html
November 16, 2012
Wongtschowski: Brazil steps in right direction. Uriegas: Mexico emerges as new regional leader. Latin America is well positioned to take advantage of the demand growth stemming from a...
http://www.chemweek.com/sections/business_finance/usa_americas/APLA-Officials-assess-outlook-as-shale-reshapes-prospects_47760.html
November 16, 2012
BASF says it will build a production plant for emulsion polymers at its Freeport, TX, site. Total investment in the plant is estimated to be more than $90 million, says a company...
http://www.chemweek.com/sections/business_finance/usa_americas/BASF-to-build-emulsions-polymer-plant-at-Freeport-site-for-$90-million_47761.html
November 16, 2012
Momentive Performance Materials Holdings (Momentive) posted a drop in sales for the third quarter 2012—while its Momentive Specialty Chemical unit reported a large rise in earnings...
http://www.chemweek.com/sections/business_finance/usa_americas/Momentive-posts-weaker-sales-and-earnings_47762.html
November 16, 2012
Avantor Performance Materials (Center Valley, PA) has filed a lawsuit against IBM for a failed SAP software implementation. Avantor says it is “seeking tens of millions of dollars in...
http://www.chemweek.com/sections/business_finance/usa_americas/Avantor-files-suit-against-IBM-over-failed-SAP-installation_47763.html
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