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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
November 16, 2012
Rogerson: Simpler product portfolio. Private equity firm SK Capital Partners (New York) has reached an agreement to acquire Chemtura’s antioxidant (AO) and ultraviolet (UV)...
http://www.chemweek.com/sections/business_finance/usa_americas/SK-Capital-Partners-acquires-Chemturas-antioxidants-unit_47764.html
November 16, 2012
Dooley: ACC adds six new producers. ACC has added six new producer members, three new affiliate member companies, and two new responsible-care partner companies. The new members are...
http://www.chemweek.com/sections/business_finance/usa_americas/ACC-adds-9-members-2-partners_47765.html
November 16, 2012
W.R. Grace reached agreement with asbestos claimants earlier this month to settle a warrant funding a portion of its asbestos liabilities in cash rather than Grace stock. Grace...
http://www.chemweek.com/sections/business_finance/usa_americas/Grace-to-settle-asbestos-claims-in-cash-sees-late-2013-exit_47766.html
November 16, 2012
Praxair has signed a long-term contract with Mesabi Nugget (Hoyt Lakes, MN) to construct and operate a new nitrogen plant at Mesabi’s iron nugget facility at Hoyt Lakes, MN. The...
http://www.chemweek.com/sections/business_finance/usa_americas/Praxair-to-build-nitrogen-plant-in-Minnesota_47767.html
November 16, 2012
Moody’s has downgraded its credit outlook for the chemical industry in the North America; and the Europe, Mideast, and Africa regions, the ratings service says. The outlook has...
http://www.chemweek.com/sections/business_finance/usa_americas/Moodys-downgrades-credit-outlook-for-industry_47768.html
November 9, 2012
Out of power: Workers fix electric lines in New Jersey after power outages following Sandy. Producers have resumed normal operations after assessing the impact of Hurricane Sandy in...
http://www.chemweek.com/sections/business_finance/usa_americas/Plants-reopen-after-Hurricane-Sandy-no-damages-reported_47607.html
November 9, 2012
Williams Partners has agreed to acquire Williams’ 83.3% stake in a cracker at Geismar, LA, as well as Williams’ refinery-grade propylene splitter for $2.3 billion. Williams...
http://www.chemweek.com/sections/business_finance/usa_americas/Williams-Partners-to-purchase-Williams-Geismar-cracker_47576.html
November 9, 2012
Biofuel Bust?: BP processes waste agricultural residues at its Jennings, LA, biofuels facility. BP announced that it will not move forward with plans to build a commercial-scale...
http://www.chemweek.com/sections/business_finance/usa_americas/BP-cancels-plans-for-Florida-cellulosic-ethanol-plant_47575.html
November 9, 2012
In an effort to push out debt maturities, Dow Chemical is issuing $2.5 billion in senior unsecured 10- and 30-year bonds. The 10-year bonds will carry an interest rate of 3%, while the...
http://www.chemweek.com/sections/business_finance/usa_americas/Dow-refinances-debt-as-Moodys-raises-credit-rating_47574.html
November 9, 2012
Specialty chemical makers posted mixed third-quarter results as some end markets proved resilient despite economic headwinds, while others faltered. Companies with significant exposure...
http://www.chemweek.com/sections/business_finance/usa_americas/Third-quarter-results-vary-at-specialty-chemical-firms_47573.html
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